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Cableco

Active
Private limited companyfounded 201511 yrs activePresident Kennedypark(Kor) 8A, 8500 Kortrijk, BelgiumKBO/BCE: BE 0631.913.428
Summary

Cableco has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48.86M and a net result of €109k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 334 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
78 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-1
Solvency100=
Growth51▼-1
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.59 in 2023; short-term debt: 1.1% and cash: 0.7% of total assets), and 2.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
97.9%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
45 d early
2023
44 d early
2022
49 d early
2021
46 d early
2020
65 d early
2019
50 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover
€7.39M▼ 3.6%
2023 · €7.67M
2018: €6.78M 2019: €6.72M 2020: €8.25M 2021: €6.95M 2022: €7.46M 2023: €7.67M
2018 → 2024
EBIT margin
2.0%▼ 4.2pp
2023 · 6.2%
2018: 1.0% 2019: 7.9% 2020: 4.7% 2021: 4.1% 2022: 4.3% 2023: 6.2%
2018 → 2024
Net result
€109k▼ 68.5%
2023 · €345k
2018: €75k 2019: €389k 2020: €322k 2021: €204k 2022: €229k 2023: €345k
2018 → 2024
Working capital
€863k▼ 5.7%
2023 · €915k
2018: €6.09M 2019: €5.92M 2020: €1.17M 2021: €837k 2022: €971k 2023: €915k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€8.25M-€6.95M▼ 15.8%€7.46M▲ 7.4%€7.67M▲ 2.7%€7.39M▼ 3.6%
Equity€70.14M-€64.82M▼ 7.6%€59.50M▼ 8.2%€54.18M▼ 8.9%€48.86M▼ 9.8%
Operating result€386k-€288k▼ 25.4%€318k▲ 10.3%€473k▲ 48.7%€148k▼ 68.8%
Net result€322k-€204k▼ 36.7%€229k▲ 12.3%€345k▲ 51.0%€109k▼ 68.5%
Result per fiscal year
Operating resultNet result
€0€200k€400kOperating result 2020: €386k€386kNet result 2020: €322k€322kOperating result 2021: €288k€288kNet result 2021: €204k€204kOperating result 2022: €318k€318kNet result 2022: €229k€229kOperating result 2023: €473k€473kNet result 2023: €345k€345kOperating result 2024: €148k€148kNet result 2024: €109k€109k20202021202220232024€0€200k€400kOperating result 2022: €318k€318kNet result 2022: €229k€229kOperating result 2023: €473k€473kNet result 2023: €345k€345kOperating result 2024: €148k€148kNet result 2024: €109k€109k202220232024
The operating result falls in 2024; 2024 is 69% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49.90M
Fixed assets €48.49M ▼ 9.9%
Current assets €1.42M ▼ 5.1%
Equity and liabilities €49.90M
Equity €48.86M ▼ 9.8%
Provisions €458k ▲ 24.3%
Debt €584k ▼ 23.9%
Debt's share of the balance-sheet total falls from 1.4% to 1.2%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€5.48M
2023 · €5.81M
Cash flow
€5.44M
2023 · €5.68M
Current ratio
2.56
2023 · 2.59
Debt to equity
0.01
2023 · 0.01
ROE
0.2%
2023 · 0.6%
ROA
0.2%
2023 · 0.6%
Interest coverage
1525.40
2023 · 490.42
Debt ≤ 1 year
€552k
2023 · €577k
Income taxes
€38k
2023 · €116k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet Code20232024
Assets
Total assets20/58€55.31M€49.90M
Fixed assets21/28€53.82M€48.49M
Tangible fixed assets22/27€53.82M€48.49M
Plant, machinery and equipment23€53.82M€48.49M
Current assets29/58€1.49M€1.42M
Amounts receivable within one year40/41€496k€754k
Trade receivables40€251k€422k
Other amounts receivable41€244k€332k
Current investments50/53-€300k
Other investments51/53-€300k
Cash at bank and in hand54/58€720k€328k
Deferred charges and accrued income490/1€275k€33k
Equity and liabilities
Total equity and liabilities10/49€55.31M€49.90M
Equity10/15€54.18M€48.86M
Contributions10/11€54.16M€48.84M
Profit (loss) carried forward14€21k€24k
Provisions and deferred taxes16€369k€458k
Provisions for liabilities and charges160/5€369k€458k
Other liabilities and charges164/5€369k€458k
Amounts payable17/49€767k€584k
Amounts payable within one year42/48€577k€552k
Trade debts44€79k€312k
Suppliers440/4€79k€312k
Taxes, remuneration and social security45€147k€135k
Taxes450/3€147k€135k
Other amounts payable47/48€350k€105k
Accrued charges and deferred income492/3€191k€32k
Income statement Code20232024
Operating income70/76A€7.70M€7.47M
Turnover70€7.67M€7.39M
Other operating income74€36k€74k
Operating charges60/66A€7.23M€7.32M
Services and other goods61€1.85M€1.90M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.33M€5.33M=
Provisions for liabilities and charges: additions (uses and reversals)635/8€51k€90k
Other operating charges640/8€1k€1k
Operating profit (loss)9901€473k€148k
Financial income75/76B€0€2k
Recurring financial income75€0€2k
Income from current assets751-€2k
Other financial income752/9€0-
Financial charges65/66B€12k€4k
Recurring financial charges65€12k€4k
Other financial charges652/9€12k€4k
Profit (loss) for the period before taxes9903€461k€146k
Income taxes67/77€116k€38k
Taxes670/3€116k€38k
Profit (loss) for the period9904€345k€109k
Profit (loss) for the period to be appropriated9905€345k€109k
Appropriation of the result
Profit (loss) to be appropriated9906€371k€129k
Profit (loss) brought forward from the previous period14P€26k€21k
Profit to be distributed694/7€350k€105k
Return on contributions (dividend)694€350k€105k

The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2026
30-06
State Gazette act Appointments: Rik Van de Walle, Marlies Vlasselaer and Grant Thornton Bedrijfsrevisoren
Resignation: Kenta Nishikawa (director) · Permanent representative: Elie Janssens6 facts ▸
  • General meeting, 15-05-2026
  • Director appointment, Rik Van de Walle (director)
  • Director appointment, Marlies Vlasselaer (director)
  • Director resignation, Kenta Nishikawa (director)
  • Auditor appointment, Grant Thornton Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Elie Janssens
13-05
State Gazette act Resignation: Van Leeuw Consulting BV (director)
Appointment: Marlies Vlasselaer (director) · Power of attorney4 facts ▸
  • Board meeting, 02-04-2026
  • Director resignation, Van Leeuw Consulting BV (director)
  • Director appointment, Marlies Vlasselaer (director)
  • Power of attorney, A&P Wind Services NV
2025
29-12
State Gazette act Registered office · Statutes amendment
Capital · Registered-office move4 facts ▸
  • General meeting, 16-12-2025
  • Capital
  • Registered-office move, President Kennedypark 8A bus 1, 8500 Kortrijk
  • Capital
16-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-12
State Gazette act Capital & shares · Statutes amendment · Miscellaneous
Statutes amendment · Share issue3 facts ▸
  • General meeting, 20-12-2024
  • Statutes amendment
  • Share issue, 2632621
13-09
State Gazette act Resignations & appointments
Power of attorney4 facts ▸
  • Board meeting, 08-03-2024
  • Power of attorney, A&P Wind Services NV
  • Power of attorney, Jan Vettenburg
  • Power of attorney, Eric Antoons
17-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
15-01
State Gazette act Resignation: Motoo Shimada (director)
Appointment: Kenta Nishikawa (director) · Reappointment: EY Bedrijfsrevisoren BV (statutory auditor) · Permanent representative: Francis Boelens5 facts ▸
  • General meeting, 19-05-2023
  • Director resignation, Motoo Shimada (director)
  • Director appointment, Kenta Nishikawa (director)
  • Auditor reappointment, EY Bedrijfsrevisoren BV
  • Permanent representative, Francis Boelens
2023
12-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
28-12
State Gazette act Capital & shares · Statutes amendment · Miscellaneous
Statutes amendment · Capital3 facts ▸
  • General meeting, 22-12-2022
  • Statutes amendment
  • Capital
15-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
29-12
State Gazette act Resignation: COLRUYT Willem (director)
Appointment: VAN LEEUW CONSULTING (non-statutory director) · Permanent representative: VAN LEEUW François · Net-asset statement10 facts ▸
  • General meeting, 15-07-2021
  • Net-asset statement, 31-12-2020
  • Approval, verslag van het bestuursorgaan
  • Share cancellation, 169521, 117220
  • Capital
  • Statutes amendment
  • Director resignation, COLRUYT Willem (director)
  • Director appointment, VAN LEEUW CONSULTING (non-statutory director)
  • Permanent representative, VAN LEEUW François
  • Return of contributions, 5.319.045,55, EUR
Show earlier events
25-06
State Gazette act Reappointments: Motoo Shimada, Rik Van de Walle and Wim Colruyt
4 facts ▸
  • General meeting, 21-05-2021
  • Director reappointment, Motoo Shimada (director)
  • Director reappointment, Rik Van de Walle (director)
  • Director reappointment, Wim Colruyt (director)
27-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-12
State Gazette act Capital & shares · Statutes amendment · Miscellaneous
Approval · Share cancellation · Statutes amendment4 facts ▸
  • General meeting, 18-12-2020
  • Approval, 18-12-2020
  • Share cancellation, 3779585
  • Statutes amendment
02-07
State Gazette act Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Francis Boelens3 facts ▸
  • General meeting, 15-05-2020
  • Auditor reappointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Francis Boelens
11-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
08-01
State Gazette act Statutes amendment · Legal-form change
Legal-form conversion · Capital · Reserve release7 facts ▸
  • General meeting, 20-12-2019
  • Legal-form conversion, Besloten vennootschap
  • Capital, €18.550
  • Reserve release, Wettelijke reserve omgezet in statutair onbeschikbare eigen vermogensrekening, 1855
  • Power of attorney, Johan Lagae
  • Power of attorney, Cableco
  • Power of attorney, Cableco
2019
31-12
Financial Highest result since 2018net €389k ▲419%
Operating result €532k, net result €389k, both a record.
27-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
08-10
State Gazette act Appointment: Motoo Shimada (director)
Resignation: Hisayuki Doi (director)3 facts ▸
  • General meeting, 18-05-2018
  • Director appointment, Motoo Shimada (director)
  • Director resignation, Hisayuki Doi (director)
06-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
02-03
State Gazette act Appointments: Hisayuki Doi, Wim Colruyt and Ernst & Young Bedrijfsrevisoren BCVBA
Permanent representative: Francis Boelens · Auditor mandate scope6 facts ▸
  • General meeting, 19-05-2017
  • Director appointment, Hisayuki Doi (director)
  • Director appointment, Wim Colruyt (director)
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Permanent representative, Francis Boelens
  • Auditor mandate scope, gewone algemene vergadering te houden in 2020
2017
06-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
23-02
State Gazette act Resignation: Yoichi Sakai (director)
Appointment: Hisuyaki Doi (director)3 facts ▸
  • Board meeting, 15-12-2016
  • Director resignation, Yoichi Sakai (director)
  • Director appointment, Hisuyaki Doi (director)
2016
13-04
State Gazette act Resignation: Biesemans Wim (director)
Appointment: Colruyt Wim (director)3 facts ▸
  • Board meeting, 17-12-2015
  • Director resignation, Biesemans Wim (director)
  • Director appointment, Colruyt Wim (director)
2015
24-11
State Gazette act Resignations: Wim Biesemans, Rik Van De Walle and Yoichi Sakai
Appointments: Wim Biesemans, Rik Van De Walle and Yoichi Sakai · Statutes amendment · Capital12 facts ▸
  • General meeting, 21-10-2015
  • Statutes amendment
  • Capital, €18.550
  • Director resignation, Wim Biesemans (director)
  • Director resignation, Rik Van De Walle (director)
  • Director resignation, Yoichi Sakai (director)
  • Director appointment, Wim Biesemans (director)
  • Director appointment, Rik Van De Walle (director)
  • Director appointment, Yoichi Sakai (director)
  • Share allocation, 3114915, A
  • Share allocation, 2153871, B
  • Share allocation, 2, C
29-09
State Gazette act Resignations: Wim Biesemans, Rik Van De Walle and Yoichi Sakai
Appointments: Wim Biesemans, Rik Van De Walle and Yoichi Sakai · Capital increase · Capital11 facts ▸
  • General meeting, 04-09-2015
  • Capital increase, €98.402.377
  • Capital, €98.420.927
  • Statutes amendment
  • Director resignation, Wim Biesemans (director)
  • Director resignation, Rik Van De Walle (director)
  • Director resignation, Yoichi Sakai (director)
  • Director appointment, Wim Biesemans (director)
  • Director appointment, Rik Van De Walle (director)
  • Director appointment, Yoichi Sakai (director)
  • Power of attorney, Cableco
12-06
State Gazette act Incorporation
Appointments: Wim Biesemans, Rik Van De Walle and Yoichi Sakai · Founding capital · Mandate compensation13 facts ▸
  • Incorporation, 09-06-2015
  • Founding capital, €18.550
  • Director appointment, Wim Biesemans (class A director)
  • Director appointment, Rik Van De Walle (class B director)
  • Director appointment, Yoichi Sakai (bestuurder c)
  • Mandate compensation, Wim Biesemans
  • Mandate compensation, Rik Van De Walle
  • Mandate compensation, Yoichi Sakai
  • Share subscription, A, 300
  • Share subscription, B, 400
  • Share subscription, C, 300
  • Capital structure, onbeperkt, EUR
  • +1 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
4 directors, no change since 2026
Marlies Vlasselaer
Director · since 02-04-2026
Current
VAN LEEUW CONSULTING
Non-statutory director · since 20-12-2021 · Private limited company · perm. rep.: VAN LEEUW François
Current
Rik Van de Walle
Director · since 21-10-2015
Current
Hisuyaki Doi
Director · since 15-12-2016
Not recently confirmed
15-05-2026 Marlies Vlasselaer: Appointed as Director
15-05-2026 Rik Van de Walle: Appointed as Director
15-05-2026 Kenta Nishikawa: Resigned as Director
02-04-2026 Marlies Vlasselaer: Appointed as Director
31-01-2026 Van Leeuw Consulting BV: Resigned as Director
Full history in the Timeline (29 changes) →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2015
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

President Kennedypark(Kor) 8A8500 Kortrijk
Ground area
5,043 m²
Building footprint
811 m²
Volume, LiDAR
10,830 m³
Parcel 34354D0092/00F000, Flanders · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Cableco
President Kennedypark(Kor) 8A, 8500 KortrijkElectricity, gas, steam and air conditioning supply
since 20152.244.990.467
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34354D0092/00F000 Flanders 5,043 m² 1 · 811 m² 17.6 m · 4 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISESCurrent
Statutory auditor · represented by Elie Janssens
15-05-2026 → present
Show 2 earlier auditors
Ernst & Young Bedrijfsrevisoren BCVBA
Statutory auditor · represented by Francis Boelens
succeeded by EY Bedrijfsrevisoren BV in 2020
19-05-2017 → 15-05-2020
EY Bedrijfsrevisoren BV
Auditor · represented by Francis Boelens
succeeded by GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES in 2026
15-05-2020 → 15-05-2026

Articles of association

Purpose
Het geheel of gedeeltelijk bestuderen, ontwikkelen, bouwen, bezitten, beheren, exploiteren, onderhouden, laten onderhouden, verkopen, met persoonlijke of zakelijke (gebruiks- en…
Full purpose

Het geheel of gedeeltelijk bestuderen, ontwikkelen, bouwen, bezitten, beheren, exploiteren, onderhouden, laten onderhouden, verkopen, met persoonlijke of zakelijke (gebruiks- en zekerheids-) rechten bezwaren, ter beschikking stellen of anderzijds vervreemden en verwijderen van onderzeese en ondergrondse kabels, transformatiestations (of onderdelen daarvan) op land of op zee en alle andere substantiële en / of accessoire onderdelen en uitrusting (waar ook in België of daarbuiten gelegen) nuttig voor het vervoer of de overbrenging naar het Belgische transmissienet en/of de Belgische distributienetten van elektriciteit geproduceerd door windturbines welke gelegen zijn of zullen zijn in de Belgische Exclusieve Economische Zone.

Structure & network

Connections & network

38 connected companies
Rik Van de Walle, Shared director, links 16 companies RVRik Van de WalleASPIRAVI OFFSHORE, via Rik Van de Walle AOASPIRAVIOFFSHOREBelgian Offshore Platform, via Rik Van de Walle BOBelgian OffshorePlatformNorthwind, via Rik Van de Walle NNorthwindOtary RS, via Rik Van de Walle OROtary RSVLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING, via Rik Van de Walle VEVLAAMSEECOLOGIE…ASPIRAVI OFFSHORE II, via Rik Van de Walle AOASPIRAVIOFFSHORE IIAssociatie Universiteit Gent, via Rik Van de Walle AUAssociatieUniversiteit…BIO BASE EUROPE PILOT PLANT, via Rik Van de Walle BBBIO BASE EUROPEPILOT PLANTBLUEBRIDGE INCUBATIE- EN INNOVATIECENTRUM, via Rik Van de Walle BIBLUEBRIDGEINCUBATIE- EN…IMEC International, via Rik Van de Walle IIIMECInternationalInteruniversitair Micro-Electronica Centrum, via Rik Van de Walle IMInteruniversi…Micro-Electro…Pensioenfonds UZ Gent - UGent, via Rik Van de Walle PUPensioenfonds UZGent - UGentVlaamse Interuniversitaire Raad, via Rik Van de Walle VIVlaamseInteruniversi…Cableco Cableco0631.913.428
Shared directors
Linked via shared directors
Show 34 more companies with a shared director
ASPIRAVI OFFSHORE II
via Rik Van de Walle · Director and managing director
former
Associatie Universiteit Gent
via Rik Van de Walle · Rector universiteit gent
former
BIO BASE EUROPE PILOT PLANT
via Rik Van de Walle · Vast vertegenwoordiger van universiteit gent in de raad van bestuur
former
former
Vlerick Business School
via Rik Van de Walle · Rector van de universiteit gent
former
former
former
BELWIND
Shared director
BIO-PLANET
Shared director
BUURTWINKELS OKAY
Shared director
COLIM
Shared director
Colruyt Group
Shared director
DAVYTRANS
Shared director
DEME BLUE ENERGY
Shared director
DREAMLAND
Shared director
Eoly Energy
Shared director
FLEETCO
Shared director
Inetum Belgium
Shared director
KORYS INVESTMENTS
Shared director
Nobelwind
Shared director
NORTHWESTER 2
Shared director
PARKWIND
Shared director
POWER@SEA
Shared director
SOLUCIOUS
Shared director
Virya Energy
Shared director
Vlevico
Shared director

Capital and shareholders

Capital over the years
  1. 29-12-2025 Capital stated in the act · 2,345,880 shares
  2. 28-12-2022 Capital stated in the act · 3,206,103 shares
  3. 29-12-2021 Capital stated in the act · 3,492,844 shares
  4. 08-01-2020 Capital stated in 2 acts · 18,550 EUR
  5. 29-09-2015 Capital increase of 98,402,377 EUR · to 98,402,377 EUR · 5,304,710 new shares · in kind
  6. 12-06-2015 Incorporation · 18,550 EUR · 1,000 shares

Similar companies · same sector, comparable size

Of 1,825 companies in sector 42220 we hold annual accounts for 958. 44 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded10-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.