Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GE RENEWABLE BELGIUM from Verviers, company number BE0550578631, closed financial year 2025 with a result of € -616,266 after tax. For that financial year GE RENEWABLE BELGIUM recorded revenue of € 871,387 and equity of € 3.6 million. Compared with financial year 2024, the result moved from € -1.1 million to € -616,266. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 3.6 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -616,266
▲ 42 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.5 million.
People and assets in 2025
3
▼ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 473,730
▼ 53% vs 2024
€ 157,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 5.8 million
▼ 80% vs 2024
Loans from banks and other lenders, long and short.
€ 653,023
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 136 days on average.
€ 92,808
▼ 94% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 802,126 | € 858,764 | € 867,254 | € 871,387 | |
| Profit after taxes | € -458,347 | € 227,696 | € -1,055,622 | € -616,266 | ▲ € 439,356 |
| Equity | € 5,039,168 | € 5,266,864 | € 4,211,242 | € 3,594,976 | ▼ 15% |
| Total debts | € 53,199,969 | € 36,655,681 | € 55,780,909 | € 23,550,043 | ▼ 58% |
| Retained profit | € 4,976,728 | € 5,204,424 | € 4,148,802 | € 3,532,536 | ▼ 15% |
| Bank debt | € 29,422,733 | € 10,192,072 | € 29,352,958 | € 5,804,212 | ▼ 80% |
| Balance sheet total | € 58,889,137 | € 42,702,545 | € 60,902,151 | € 28,185,019 | ▼ 54% |
| Employees (FTE) | 5 | 6 | 6 | 3 | ▼ 3 |
Key figures of GE RENEWABLE BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GE RENEWABLE BELGIUM?
What happened at GE RENEWABLE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 616,266. Source: NBB ↗
- Vincent Schellings became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 458,347 loss in 2022 to € 616,266 loss in 2025.
Paid € 123,479 in corporate taxes since 2022.
Best year ever: 2023, with € 227,696 profit.
Pays suppliers within 136 days on average.
A new publication or filing at GE RENEWABLE BELGIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GE RENEWABLE BELGIUM is Vincent Schellings. The shares are held by GE Renewable Holding B.V. (1%) and GE Renewable Holding France SAS (0%).
Directors
According to the 2025 annual accounts
Vincent Schellings
Administrator-manager
since 2025
Shareholders
GE Renewable Holding B.V.
1%
GE Renewable Holding France SAS
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Ormes 109
4800 Verviers
Esplanadestraat 10 box C
8400 Oostende
Active since 11 April 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0550.578.631
- VAT number
- BE 0550.578.631
- Registered office
- Rue des Ormes 109, 4800 Verviers
- Names & denominations
- GE RENEWABLE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 April 2014
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Vervaardiging van motoren en turbines, exclusief motoren voor luchtvaartuigen, motorvoertuigen en bromfietsen
Handel in elektriciteit
Productie van elektriciteit uit niet-hernieuwbare bronnen
Reparatie en onderhoud van machines
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren
Transmissie van elektriciteit
Vervaardiging van andere elektrische apparatuur
Distributie van elektriciteit
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