Parent and group
- VGP100%
VGP Renewable Energy
ActiveFrom the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
VGP Renewable Energy has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.9m and a net result of -€15,974. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 22% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 14-12-2007 Normal situation
- Legal form
- Public limited company
- Registered office
- Generaal Lemanstraat 55, 2018 Antwerpen
- Activity
- Electricity, gas, steam and air conditioning supply NACE 35150
- Establishment unit
- 2.167.496.672 2018 Antwerpen, since 11-12-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Board and ownership
Board
- VAN GEET JanDirector · since 26-06-2020
- Auditor
- KPMG Bedrijfsrevisoren BV/SRL / KPMG Réviseurs d'Entreprises BV/SRL
Shareholders
- Holdings
- Shares in 12 companies including VGP Energia Renovável Portugal and VGP Renewable Energy Deutschland GmbH
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- -€28,756
- ▼ 80.1%
- Loss
- €15,974
- ▼ 91.4%
- Equity
- €9.9m
- Total assets
- €147.2m
- ▲ 7.3%
2025 accounts filed 58 days before the deadline
Filed on 03-06-2026PDF
Score breakdownraises riskEquity €9.9m (6.7% of total assets)lowers riskSize: total assets €147.2mFounded in 2007Figures for financial year 2025 (filed on 06-06-2026)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 57% of large companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2024
Average
Solvency
32+7
equity 6.7% of total assets
Liquidity
66+15
short-term debt 0.0% · cash 13.1%
Profitability
37=
return on assets 0.0%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025highest value
07-2025: 0.1%▼ -0.2 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.2 percentage points vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €900,000 on 30-day terms is acceptable
Short-term debt is 0% and cash 13.1% of total assets. 93.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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). It does better than 19% of them on solvency, 94% on liquidity, 17% on profitability and 98% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 349 sector peers (2025).
NBB · sector comparisonPosition among 349 sector peers
Solvency
better than 22%
← weakest
strongest →
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 days early
2024
56 days early
2023
50 days early
2022
59 days early
2021
54 days early
2020
54 days early
2019
58 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 56 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Result rose in 2025from -€186,490 to -€15,974 ▲ 91.4% View
- Positive: More equity than 95% of companies in electricity, gas and steamsector median €422,764 · 349 companies €9.9m View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€15,974 View
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 03-06-2026
- Annual accounts 2024filed on 05-06-2025
- Annual accounts 2023filed on 11-06-2024
- Annual accounts 2022filed on 02-06-2023
Acts in the Belgian Official Gazette
- Capital & sharesact of 01-07-2026
- Resignations & appointmentsact of 04-08-2025
- Capital & shares · Amendment of the articlesact of 27-06-2025
- Resignations & appointmentsact of 11-10-2023
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about VGP Renewable Energy
- What is the company number of VGP Renewable Energy?
- The company number of VGP Renewable Energy is 0894.188.263. The VAT number is the same number with BE in front: BE 0894.188.263.
- Where is VGP Renewable Energy based?
- The registered office is at Generaal Lemanstraat 55, 2018 Antwerpen.Company details
- What does VGP Renewable Energy do?
- According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35150).
- What is the legal form of VGP Renewable Energy?
- The legal form of VGP Renewable Energy is Public limited company (NV).
- When was VGP Renewable Energy founded?
- VGP Renewable Energy was founded on 14-12-2007.
- Is VGP Renewable Energy still active?
- Yes, VGP Renewable Energy is an active enterprise in the KBO register.
- What is the turnover of VGP Renewable Energy?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is VGP Renewable Energy profitable?
- In financial year 2025, VGP Renewable Energy made a loss of €15,974.
- Where can I find the annual accounts of VGP Renewable Energy?
- VGP Renewable Energy filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of VGP Renewable Energy due?
- VGP Renewable Energy must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Companies linked to VGP Renewable Energy
Comparable companies
These companies have the same main activity as VGP Renewable Energy: electricity, gas, steam and air conditioning supply (NACE 35150). They are comparable in size and age: total assets between €52m and €240m, founded between 2005 and 2011.
| Company | Total assets | Gross margin |
|---|---|---|
| VGP Renewable Energy Antwerpen | €147.2m | -€0.03m |
| ELEGANT Mechelen | €64.5m | - |
| WARMTEKRACHT ONDERSTEUNINGS MAATSCHAPPIJ Kontich | €51.9m | - |
| Scholt Energy Waregem | €104.7m | - |
| AXPO BENELUX Brussel | €240.3m | - |
| ENERGIES RENOUVELABLES DES ARDENNES Bertrix | €86.7m | - |
| Otary RS Oostende | €92.7m | - |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.VGP · 9 companies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.