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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Alco Energy Ghent from Gent, company number BE0871765328, closed financial year 2025 with a result of € 19.8 million after tax. For that financial year Alco Energy Ghent recorded revenue of € 277 million and equity of € 72.8 million. Compared with financial year 2024, the result moved from € 26.4 million to € 19.8 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ 72.8 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19.8 million
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 257,480
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 30 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
48.2
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
▲ 6% vs 2024
€ 116,800 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.
€ 663,093
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 13.2 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.
€ 1.8 million
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 386,009,983 | € 305,942,331 | € 266,248,698 | € 277,034,618 | ▲ 4% |
| Profit after taxes | € 58,344,427 | € 19,704,340 | € 26,362,908 | € 19,805,294 | ▼ 25% |
| Equity | € 65,960,923 | € 85,665,263 | € 83,028,171 | € 72,766,798 | ▼ 12% |
| Total debts | € 55,744,040 | € 28,538,995 | € 20,364,278 | € 15,057,992 | ▼ 26% |
| Cash | € 7,642,247 | € 28,584,698 | € 20,510,336 | € 257,480 | ▼ 99% |
| Land & buildings | € 771,639 | € 660,715 | € 1,040,321 | € 908,485 | ▼ 13% |
| Retained profit | € 43,960,923 | € 63,665,263 | € 60,028,171 | € 49,833,465 | ▼ 17% |
| Dividend | € 40,000,000 | € 0 | € 30,000,000 | € 30,000,000 | |
| Balance sheet total | € 122,597,350 | € 114,554,099 | € 103,392,449 | € 87,824,791 | ▼ 15% |
| Employees (FTE) | 51.6 | 46 | 47.2 | 48.2 | ▲ 1 |
Key figures of Alco Energy Ghent, 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 Alco Energy Ghent?
What happened at Alco Energy Ghent in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Guillaume VERBIEST stepped down as director. NBB
- Xavier VAN DEN AVENNE stepped down as director. NBB
- Olivier VAN ROMPAEY stepped down as director. NBB
- THOMAS VIATOUR stepped down as director. NBB
- KAREL VANDEMEERSCH stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19.8 million (▼ 25% vs 2024). Source: NBB ↗
- Guillaume VERBIEST became a director. NBB
- Charles-Albert PEERS stepped down as director. NBB
In short
From € 58.3 million profit in 2022 to € 19.8 million profit in 2025.
Paid € 41.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 58.3 million profit.
Paid out € 100 million in dividends to the owners in total.
Management
The stake of Alco Energy, ALCOGROUP, VANDEMA, GROEP VANDEN AVENNE COMMODITIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Alco Energy GhentThe shares are held by Alco Energy (100%), ALCOGROUP (60%), VANDEMA (20%) and GROEP VANDEN AVENNE COMMODITIES (20%). It owns 50% of GREEN CO2 NV itself.
Directors
According to the 2025 annual accounts
Guillaume VERBIEST
Director
since 2025 · until 2029
Xavier VAN DEN AVENNE
Director
Also active at: VANDEN AVENNE COMMODITIES, Euro-Silo, Trading Flanders Company, Adviesbureau voor Bedrijfsbeheer, VANDEMA, XIMA, Alco Energy, ALCO AFRICA HOLDING +4 more
since 2023 · until 2029
Olivier VAN ROMPAEY
Director
since 2023 · until 2029
THOMAS VIATOUR
Director
since 2023 · until 2029
Charles-Albert PEERS
Director
since 2023 · until 2025
KAREL VANDEMEERSCH
Director
since 2023 · until 2029
Shareholders
Participations
50%
Establishments
Establishment units
Physical locations of this company
Pleitstraat 1
9042 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
TRANSIP-AS Amsterdam, the Netherlands, NL
Domain
Domain
alcobiofuel.com
Registered
2004-10-22
Registrar
Key-Systems GmbH
Expires
2026-10-22
Website info
Features
Security
Details
- Company number
- 0871.765.328
- VAT number
- BE 0871.765.328
- Registered office
- Pleitstraat 1, 9042 Gent
- Names & denominations
- Alco Energy Ghent
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2005
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- alcobiofuel.com
- Activities · NACE
Vervaardiging van overige organische chemische basisproducten
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Productie van elektriciteit uit niet-hernieuwbare bronnen