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RESA

Active
Public limited companyfounded 201214 years activeBoulevard d'Avroy 38, 4000 Liège, BelgiumKBO/BCE: BE 0847.027.754
Summary

RESA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €985.6m and a net result of €49.3m. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 342 sector peers (NACE 35, fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Production of electricity from non-renewable sources
NACE 35110Electricity, gas, steam and air conditioning supply NACE 35140
#1 company by total assets in the province of Liège, Energy sector9 sites
Size
€386.4mturnover 2025
Staff
930.6 FTE
Equity
€985.6m
Profit
€49.3m
Financial health
83 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.5%
Structure
Parent
RESA Holding · 100%
Board
23 members
Holdings
3
Auditor: Rewise SCRLAccounts 43 days early
Why 83- Liquidity: current ratio 1.38, cash €58.7m- 1 change of registered office in 24 months+ Figures for FY 2025 (filed 18-06-2026)+ Founded in 2012Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 35, large)
Financial strength · tick = 2024
Strong
Solvency 69-5
equity 43.9% of total assets
Liquidity 48-3
short-term debt 18.2% · cash 2.6%
Profitability 81=
return on assets 2.2%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (54 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.2%▼ -0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.6%▲ +0.4 percentage points vs 05-2026highest value 07-2026: 0.5%▼ -0.1 percentage points vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit up to €38,600,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.69 in 2024; short-term debt: 18.2% and cash: 2.6% of total assets), and 56.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, large): better than 74% on solvency, 30% on liquidity, 76% on profitability and 49% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.38, cash €58.7m
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Figures for FY 2025 (filed 18-06-2026)
NBB · annual accounts
lowers risk · Founded in 2012
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
36 days early
2023
47 days early
2022
49 days early
2021
11 days late
2020
19 days early
2019
23 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignations & appointmentsPower of attorney
  2. Annual accounts filedfiscal year 2025 · full…
  3. Registered officeRegistered-office move

Key points

  • Positive: Company by total assets in the province of…in the Checked rankings #1 View
  • New directorslatest change 17-12-2025 · 23 in office 3 joined View
  • Positive: 8 profitable years in a rowprofit 2025: €49.3m 8 years View
  • Controlled by RESA Holdingitself parent of 1 companies 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Turnover
€386.4m
Profit
€49.3m
Solvency
43.9%
Turnover▲ 0.6%
Net result
20182025
Go to Financials

Board & ownership

Board
23 members
Parent
RESA Holding · 100%
Auditor
Rewise SCRL
Go to Board & ownership

Network & group

Subsidiaries
1
Holdings
3
Connected companies
65
Mergers and contributions
2

3 holdings

Go to Network & group

Timeline

Events
72
Since
2012
Next accounts
by 31-07-2027
  1. 23-03-2026Appointment: Gil SIMON (directeur général)
  2. 13-02-2026Appointments: Jacques CHABOT (administrateur représentant la province…
  3. 20-11-2025Appointment: Jacques CHABOТ (director)
Go to Timeline

Company details

Sites
9
Legal form
Public limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
02-07-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
67
Purpose
Le développement, l'exploitation, l'entretien des réseaux de distribution d'électricité et…
Go to Articles of association

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