ACTIVE

C - Power

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Financial year 2025 · closed on 31/12/2025

Net result

18,4 M €

-18.7% YoY

Revenue

130,5 M €

-8.0% YoY

Equity

289 M €

+6.3% YoY

Workforce

20,9 ETP

+7.2% YoY

What does C - Power do?

C - Power is a Public limited company incorporated in 1999. Its main activity is: Production of electricity. Its registered office is in Oostende. It employs on average 20,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.525.755

Incorporation

13/07/1999

Legal form

Public limited company

Registered office

Buskruitstraat 1
8400 Oostende · FlandreSee on map

Contributed capital

147 637 471,43 €

Latest accounts

31/12/2025

Average workforce

20,9 ETP

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 40110Production d'électricité 74203Photographic activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	130,5 M €	-8.0%	142 M €	-8.3%	154,8 M €	+22.9%	126 M €	-0.8%	127,1 M €	-21.3%	161,4 M €	+14.4%	141,1 M €	-5.8%	149,8 M €	-2.5%	153,6 M €	+2.5%	149,8 M €	-9.2%	165,1 M €	+9.8%	150,3 M €	+9.3%	137,5 M €	+173%	50,3 M €	+130%	21,8 M €	+7.1%	20,4 M €	+52.9%	13,3 M €		–		–
EBITDA	97 M €	-7.9%	105,4 M €	-13.4%	121,7 M €	+33.8%	91 M €	-8.6%	99,5 M €	-18.9%	122,6 M €	+13.6%	108 M €	-8.0%	117,4 M €	-2.5%	120,5 M €	-0.3%	120,8 M €	-8.0%	131,2 M €	+10.3%	119 M €	+5.0%	113,3 M €	+152%	45 M €	+170%	16,7 M €	+9.1%	15,3 M €	+54.2%	9,9 M €	+222%	3,1 M €	+1546%	-212,7 k €
Operating result	29,8 M €	-20.1%	37,3 M €	-30.7%	53,9 M €	+131%	23,3 M €	-28.1%	32,4 M €	-43.3%	57,1 M €	+26.1%	45,3 M €	-17.3%	54,8 M €	-5.3%	57,8 M €	-0.6%	58,2 M €	-14.9%	68,3 M €	+22.2%	55,9 M €	-9.3%	61,6 M €	+158%	23,9 M €	+200%	7,9 M €	+16.9%	6,8 M €	+39.2%	4,9 M €	+372%	1 M €	+587%	-212,7 k €
Net result	18,4 M €	-18.7%	22,6 M €	-30.9%	32,7 M €	+467%	5,8 M €	-46.9%	10,9 M €	-62.9%	29,3 M €	+76.5%	16,6 M €	-25.4%	22,2 M €	+22.9%	18,1 M €	+45.5%	12,4 M €	-37.4%	19,9 M €	+505%	3,3 M €	-72.3%	11,9 M €	+100%	5,9 M €	+294%	-3 M €	+41.7%	-5,2 M €	-74.3%	-3 M €	-431%	-565,4 k €	-153%	-223,6 k €
Balance sheet
Equity	289 M €	+6.3%	271,9 M €	-6.4%	290,7 M €	+4.1%	279,3 M €	-4.0%	290,8 M €	+1.7%	286,1 M €	+8.9%	262,8 M €	+6.0%	247,9 M €	+9.0%	227,5 M €	+7.7%	211,1 M €	+5.3%	200,4 M €	+9.9%	182,3 M €	+0.8%	180,8 M €	+5.9%	170,7 M €	+2.7%	166,3 M €	+7.0%	155,4 M €	+245%	45,1 M €	+303%	11,2 M €	-4.8%	11,8 M €
Total assets	536,4 M €	-7.5%	579,9 M €	-12.7%	664,1 M €	-6.1%	707,1 M €	-8.7%	774,5 M €	-10.1%	861,5 M €	-3.0%	887,7 M €	-3.4%	919,1 M €	-7.5%	993,9 M €	-5.8%	1,1 Md €	-6.6%	1,1 Md €	-5.6%	1,2 Md €	-3.0%	1,2 Md €	+13.9%	1,1 Md €	+67.2%	647,8 M €	+59.8%	405,5 M €	+103%	199,4 M €	+22.2%	163,1 M €	+11.1%	146,8 M €
Cash	72,5 M €	+12.8%	64,2 M €	+13.0%	56,8 M €	-18.1%	69,4 M €	-13.2%	80 M €	-20.1%	100,2 M €	+35.9%	73,7 M €	+59.5%	46,2 M €	-9.9%	51,3 M €	-9.0%	56,4 M €	+8.0%	52,3 M €	-8.5%	57,1 M €	+16.2%	49,1 M €	+572%	7,3 M €	-78.7%	34,4 M €	-46.8%	64,7 M €	+516%	10,5 M €	+86.3%	5,6 M €	-93.4%	85,3 M €
Debts	208,4 M €	-23.5%	272,2 M €	-20.4%	341,8 M €	-14.6%	400,1 M €	-13.0%	459,7 M €	-17.2%	555 M €	-9.3%	611,9 M €	-7.2%	659,3 M €	-12.8%	756,5 M €	-9.5%	835,6 M €	-9.4%	922,2 M €	-8.6%	1 Md €	-3.9%	1 Md €	+15.3%	910,5 M €	+89.6%	480,2 M €	+92.5%	249,4 M €	+62.2%	153,8 M €	+3.6%	148,5 M €	+10.6%	134,2 M €
Other
Workforce	20,9 ETP	+7.2%	19,5 ETP	-0.5%	19,6 ETP	-4.4%	20,5 ETP	+7.9%	19,0 ETP	+24.2%	15,3 ETP	+6.3%	14,4 ETP	-2.7%	14,8 ETP	0.0%	14,8 ETP	+3.5%	14,3 ETP	+5.1%	13,6 ETP	-1.4%	13,8 ETP	+56.8%	8,8 ETP	+18.9%	7,4 ETP	+10.4%	6,7 ETP	+26.4%	5,3 ETP	+82.8%	2,9 ETP	+26.1%	2,3 ETP	+130%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 100 ended

Active mandates

Korbinian Lang

Director · since 16 mai 2025 · until 16 mai 2031

Active

Kristof Van Loon

Director · since 16 mai 2025 · until 16 mai 2031

Active

Ludo KELCHTERMANS

Director · since 16 mai 2025 · until 16 mai 2031

Active

Marcel Dormann

Director · since 16 mai 2025 · until 16 mai 2031

Active

Nicolas Voyez

Director · since 16 mai 2025 · until 16 mai 2031

Active

NUBEMA

Director · since 16 mai 2025 · until 16 mai 2031 · 0834.086.964

Represented by Peter Jans

Active

Pierre-Emmanuel Guillot

Director · since 16 mai 2025 · until 16 mai 2031

Active

SOCOFE

Director · since 16 mai 2025 · until 16 mai 2031 · 0472.085.439

Represented by Jean-Marie Bréban

Active

SPARAXIS

Director · since 16 mai 2025 · until 16 mai 2031 · 0452.116.307

Represented by Anne Vereecke

Active

Vitali Eck

Director · since 16 mai 2025 · until 16 mai 2031

Active

Frank Richard William Morley-Brown

Director · since 01 mai 2025 · until 16 mai 2031

Active

David De Brabant

Director · since 01 avril 2025 · until 16 mai 2031

Active

Sam Baneke

Director · since 16 septembre 2020 · until 30 avril 2025

Active

Ended mandates

Korbinian Lang

Director · since 17 mai 2024 · until 16 mai 2025

Ended

Nicolas Voyez

Director · since 27 mars 2024 · until 16 mai 2025

Ended

Pierre-Emmanuel Guillot

Director · since 27 mars 2024 · until 16 mai 2025

Ended

SPARAXIS

Director · since 01 juin 2023 · until 16 mai 2025 · 0452.116.307

Represented by Anne Vereecke

Ended

At this address

Other companies at this address

Company	CBE no.
Thornton Bank Maintenance Services● Active	0893.526.089

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/06/2026	17/06/2025	03/06/2024	30/05/2023	30/05/2022	09/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	01/06/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	03/06/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	30/05/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	30/05/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	09/06/2021	Dutch	PDF
Full model	31/12/2019	15/05/2020	25/05/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	22/05/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	24/05/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	27/05/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	22/05/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	13/06/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	04/06/2012	Dutch	PDF
Full modelCorrection	31/12/2010	20/05/2011	20/06/2011	Dutch	PDF
Full model	31/12/2010	20/05/2011	08/06/2011	Dutch	PDF
Full model	31/12/2009	21/05/2010	16/06/2010	Dutch	PDF
Full model	31/12/2008	15/05/2009	09/06/2009	Dutch	PDF
Full model	31/12/2007	16/05/2008	11/06/2008	Dutch	PDF
Full model	31/12/2006	08/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 100 ended

Active mandates

Korbinian Lang

Director · since 16 mai 2025 · until 16 mai 2031

Active

Kristof Van Loon

Director · since 16 mai 2025 · until 16 mai 2031

Active

Ludo KELCHTERMANS

Director · since 16 mai 2025 · until 16 mai 2031

Active

Marcel Dormann

Director · since 16 mai 2025 · until 16 mai 2031

Active

Nicolas Voyez

Director · since 16 mai 2025 · until 16 mai 2031

Active

NUBEMA

Director · since 16 mai 2025 · until 16 mai 2031 · 0834.086.964

Represented by Peter Jans

Active

Pierre-Emmanuel Guillot

Director · since 16 mai 2025 · until 16 mai 2031

Active

SOCOFE

Director · since 16 mai 2025 · until 16 mai 2031 · 0472.085.439

Represented by Jean-Marie Bréban

Active

SPARAXIS

Director · since 16 mai 2025 · until 16 mai 2031 · 0452.116.307

Represented by Anne Vereecke

Active

Vitali Eck

Director · since 16 mai 2025 · until 16 mai 2031

Active

Frank Richard William Morley-Brown

Director · since 01 mai 2025 · until 16 mai 2031

Active

David De Brabant

Director · since 01 avril 2025 · until 16 mai 2031

Active

Sam Baneke

Director · since 16 septembre 2020 · until 30 avril 2025

Active

Ended mandates

Korbinian Lang

Director · since 17 mai 2024 · until 16 mai 2025

Ended

Nicolas Voyez

Director · since 27 mars 2024 · until 16 mai 2025

Ended

Pierre-Emmanuel Guillot

Director · since 27 mars 2024 · until 16 mai 2025

Ended

SPARAXIS

Director · since 01 juin 2023 · until 16 mai 2025 · 0452.116.307

Represented by Anne Vereecke

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/08/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2021
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202518,4 M €↓
01/05/2025
nominationFrank Richard William Morley-Brown — bestuurder
01/04/2025
nominationDavid De Brabant — bestuurder
2024
Annual accounts 202422,6 M €↓
01/05/2024
nominationKorbinian Lang — bestuurder
27/03/2024
nominationPierre-Emmanuel Guillot — bestuurder
27/03/2024
nominationNicolas Voyez — bestuurder
2023
Annual accounts 202332,7 M €↑
17/07/2023
nominationAnne Vereecke — bestuurder
01/06/2023
nominationAnne Vereecke — bestuurder (vaste vertegenwoordiger van SPARAXIS SA)
31/03/2023
nominationAndré Vautmans — bestuurder
2022
Annual accounts 20225,8 M €↓
13/07/2022
nominationDaniel Wain — bestuurder
20/05/2022
nominationFrancis Boelens — commissaris
2021
Annual accounts 202110,9 M €↓
2020
Annual accounts 202029,3 M €↑
2019
Annual accounts 201916,6 M €↓
2018
Annual accounts 201822,2 M €↑
2017
Annual accounts 201718,1 M €↑
2016
Annual accounts 201612,4 M €↓
2015
Annual accounts 201519,9 M €↑
2014
Annual accounts 20143,3 M €↓
2013
Annual accounts 201311,9 M €↑
2012
Annual accounts 20125,9 M €↑
2011
Annual accounts 2011-3 M €↑
2010
Annual accounts 2010-5,2 M €↓
2009
Annual accounts 2009-3 M €↓
2008
Annual accounts 2008-565,4 k €↓
2007
Annual accounts 2007-223,6 k €
13/07/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

C - Power

Overview

What does C - Power do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline