Equity
€9.8m
VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING has made a profit without a break since 2018.
VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2000peak €4.4m (2023)
€1.1m
lowest -€532,831 (2007)
€741,884
peak €9.8m (2025)
€9.8m
€2.8m
Board21 names since 2004all names
4 directorsSIMONS Benjamin Petrus Elisabeth and 3 others
Owners3 names in the annual accounts
50%ASPIRAVI and 2 others
Documentsfilings and deeds
30-03-202631 days before the deadline
2025abbreviated format
Permanent representative: Ellen Tindemans 15-12No figures for the year before
Key points
from the 2025 annual accountsTurnover
≈ €1.9m estimated
The abbreviated format states no turnover.
Filings
25 annual accounts since 2000
The 2023 accounts came 21 days late. The other nine of the last ten were filed on time.
At the same address
6 companies
Board
4 joined
New directors. Latest change 16-10-2026 · 5 in office.
Position in the sector
€9.8m
More equity than 95% of companies in electricity, gas and steam. Sector median €422,025 · 346 companies.
Checked score
95
Excellent
Financially stronger than 57% of medium-sized companies in electricity, gas and steam (NACE 35)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 107 companies (NACE 35, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.2%▲ +0.1 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.3%▲ +0.1 percentage points vs 11-2025
01-2026: 0.7%▲ +0.4 percentage points vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026highest value
04-2026: 0.6%▼ -0.1 percentage points vs 03-2026
05-2026: < 0.1%▼ -0.6 percentage points vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged 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 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 4.54, cash €280,587, halved
lowers risk
Size: total assets €13.2m
Founded in 1999
Figures for financial year 2025 (filed on 01-04-2026)
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, medium-sized). It does better than 87% of them on solvency, 30% on liquidity and 53% on profitability.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING has now. Each dot stands for 4 companies, two years later.
96.7%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.54 (3.39 in 2023), above the usual 1.5. Short-term debt is 20.1% and cash 2.1% of total assets. 25.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2023
21 days late
2022
96 days early
2021
109 days early
2020
128 days early
2019
102 days early
2018
5 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 64 days before the deadline. In the sector (NACE 35), the median for financial year 2023 was 22 days before the deadline, and 24% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Aspiravi Holding NV consolidatesequity €355.2m (2025) · annual accounts 30-09-2025
- ASPIRAVI 50%score 87equity €108.5m (2025) · 2025 annual accounts of ASPIRAVI
- POLDERS INVESTERINGSFONDS 50%equity €44.9m (2025) · 2025 annual accounts of POLDERS INVESTERINGSFONDS
Shares in 1 company, GROENE ENERGIE HAVEN ANTWERPEN
Board & ownershipRecent changes
1 statutory auditor appointed
Changes of role: SIMONS Benjamin Petrus Elisabeth (director and class A director), VAN MECHELEN Francis Marcus Marie Joseph Corneille (director and class A director), VAN DE WALLE Rik Marcel (director and class B director) and STEVERLYCNK Bernard (director and class B director) · Appointment: VAN DE VYVER & PARMENTIER Bedrijfsrevisoren (statutory auditor) · Permanent representative: Maximilien VAN DE VYVER · General meeting of 25-09-2026 · Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen · Antwerpen
Permanent representative: Ellen Tindemans
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0466687982
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING Antwerp | €13.2m | €1.1m | 74.1% | - |
| ROVAK Hoogstraten | €8.1m | €2.4m | 53.8% | 15.7 |
| VENTS D'HOUYET Houyet | €12.0m | €0.7m | 24.4% | 2.5 |
| LAURA COAL BELGIUM Tongeren-Borgloon | €11.9m | €1.2m | 0.9% | - |
| C-Energy Temse | €8.7m | €1.0m | 9.1% | 5.7 |
| BIOGAS BREE Bree | €10.9m | €2.2m | 33.3% | 4 |
| PATHOEKE INDUSTRIES Roeselare | €14.8m | €0.5m | 60.4% | 0 |
These companies have the same main activity as VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €8.1m and €15m, founded between 1994 and 2002.
Official details
Source: KBO- Status
- Active since 13-08-1999Normal situation
- Activity
- Production of electricity from non-renewable sourcesNACE 35110and 1 other
- Establishment units
- 2.099.300.0312000 Antwerp, since 21-01-2000
- 2.272.722.4702940 Stabroek, since 02-02-2018
- Financial year end
- 30 September
- Peppol
- Reachable since 22-05-2025
Annual accounts to 30-09-2025
- €13.2m
- Filing
- Filed on 30-03-2026, 31 days before the end of the filing period
Insights on VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING
VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING files the abbreviated format. That format states no turnover. The gross margin rose from €615,795 in 2006 to €1.1m in 2025.
The balance sheet grew most from 2007 to 2009 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING
- What is the company number of VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING?
- The company number of VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING is 0466.687.982. The VAT number is the same number with BE in front: BE 0466.687.982.
- Where is VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING based?
- The registered office is at Amsterdamstraat 18, 2000 Antwerp.Company details
- What does VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING?
- VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING is a public limited company (NV).
- When was VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING founded?
- VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING was founded on 13-08-1999.
- Is VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING still active?
- Yes, VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING is an active enterprise in the KBO register.
- What is the turnover of VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,586 comparable companies of the same size. It probably lies between €1.3m and €3.2m. It is a rough estimate.Financials
- Is VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING profitable?
- In financial year 2025, VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING made a profit of €741,884.
- Where can I find the annual accounts of VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING?
- VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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