Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Ghent Renewables from Gent, company number BE0771757140, closed financial year 2025 with a result of € 333,750 after tax. For that financial year Ghent Renewables recorded revenue of € 6.8 million and equity of € 11 million. Compared with financial year 2024, the result moved from € 574,982 to € 333,750. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on November 4, 2025.
€ 11 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 333,750
▼ 42% vs 2024
Profit after tax over the fiscal year.
€ 418,543
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1 million.
People and assets in 2025
14.5
▲ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 65% vs 2024
€ 85,000 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.
€ 507,211
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15.8 million
▼ 11% vs 2024
€ 2 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 3.7 million
▲ € 3.1 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 487 days on average.
€ 261,287
▲ 106% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 2,578,893 | € 5,407,707 | € 6,788,065 | ▲ 26% |
| Profit after taxes | € 174,211 | € 574,982 | € 333,750 | ▼ 42% |
| Equity | € 10,161,299 | € 10,710,059 | € 11,000,050 | ▲ 3% |
| Total debts | € 20,365,853 | € 18,548,605 | € 19,808,127 | ▲ 7% |
| Cash | € 8,554,531 | € 2,293,710 | € 418,543 | ▼ 82% |
| Land & buildings | € 2,873,649 | € 2,985,324 | € 3,434,782 | ▲ 15% |
| Retained profit | € 161,299 | € 710,059 | € 1,000,050 | ▲ 41% |
| Bank debt | € 19,825,000 | € 17,825,000 | € 15,825,000 | ▼ 11% |
| Balance sheet total | € 30,527,152 | € 29,258,664 | € 30,808,178 | ▲ 5% |
| Employees (FTE) | 6.5 | 10.5 | 14.5 | ▲ 4 |
Key figures of Ghent Renewables, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 December 2026.
What happened to Ghent Renewables?
What happened at Ghent Renewables in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Siegfried Cosijns stepped down as director. NBB
- Yves Bienfet stepped down as director. NBB
- Michel Vande Voorde stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 333,750 (▼ 42% vs 2024). Source: NBB ↗
- Siegfried Cosijns became a director. NBB
- New establishment in Gent. KBO
- New establishment in Gent. KBO
- Yves Bienfet became a director. NBB
In short
From € 174,211 profit in 2023 to € 333,750 profit in 2025.
Paid € 399,453 in corporate taxes since 2023.
Best year ever: 2024, with € 574,982 profit.
Management
The stake of GHENT TRANSPORT AND STORAGE, CARGILL NV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Ghent RenewablesThe shares are held by GHENT TRANSPORT AND STORAGE (80%) and CARGILL NV (20%).
Directors
According to the 2025 annual accounts
Siegfried Cosijns
Director
since 2023 · until 2027
Yves Bienfet
Managing director
Also active at: Centrale Betaalkassen der Gentse Centrale der Zee- en Binnenvaartwerkgevers, MOLENS SINT MARTINUS - MOULINS SINT MARTIN, Apo - Phar - Agra, Agricultural Trading Agency International, GHENT TRANSPORT AND STORAGE, GHENT WAREHOUSING SYSTEMS, NEGOTIE en VALORISATIE van MATERIALEN, TURBULENT +13 more
since 2021 · until 2027
Michel Vande Voorde
Director
Also active at: Agricultural Trading Agency International, GHENT TRANSPORT AND STORAGE, NEGOTIE en VALORISATIE van MATERIALEN, ECOSEARCH, Circular Carbon Hub
since 2021 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Christoffel Columbuslaan 35
9042 Gent
Henri Farmanstraat 41
9000 Gent
Active since 27 July 2021
James Cookstraat 10
9042 Gent
Active since 25 March 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Agricultural Trading Agency International same network
€ 774,965 gross margin · 2025
GHENT TRANSPORT AND STORAGE same network
€ 27.3 million revenue · 2025
Douglas Terminals FinCo same network
Douglas Terminals same network
€ 14 million revenue · 2025
Lynx Terminals same network
€ 27,024 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0771.757.140
- VAT number
- BE 0771.757.140
- Registered office
- Christoffel Columbuslaan 35, 9042 Gent
- Names & denominations
- Ghent Renewables
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 July 2021
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
Storten of permanent opslaan
Behandeling en verwijdering van gevaarlijk afval