ACTIVE

FLUVIUS

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Financial year 2024 · closed on 31/12/2024

Net result

0 €

Revenue

102,1 M €

-4.4% YoY

Equity

26,6 k €

0.0% YoY

Workforce

615,4 ETP

-7.4% YoY

What does FLUVIUS do?

FLUVIUS is a Project leader organization, Flemish Region incorporated in 1968. Its main activity is: Distribution of electricity. Its registered office is in Hasselt. It employs on average 615,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0201.311.226

Incorporation

01/01/1968

Legal form

Project leader organization, Flemish Region

Registered office

Trichterheideweg 8
3500 Hasselt · FlandreSee on map

Contributed capital

24 393,36 €

Latest accounts

31/12/2024

Average workforce

615,4 ETP

Activities (NACE)

35130Distribution of electricity· main 35140Trade of electricity 40110Production d'électricité 35110Production of electricity 35110Production of electricity 35220Distribution of gaseous fuels through mains+5

Signals

Positive 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

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	102,1 M €	-4.4%	106,8 M €	+2.0%	104,6 M €	-0.1%	104,7 M €	-0.2%	104,9 M €	+6.3%	98,7 M €	+19.8%	82,3 M €	+1.5%	81,1 M €	-1.3%	82,2 M €	-0.2%	82,4 M €	+3.5%	79,6 M €	+0.1%	79,5 M €	+3.8%	76,6 M €	+7.0%	71,6 M €	+5.9%	67,5 M €	+2.9%	65,7 M €	-63.4%	179,4 M €	-32.5%	265,7 M €	+58.0%	168,2 M €
EBITDA	1,1 M €	-6.1%	1,2 M €	-12.7%	1,3 M €	+3.2%	1,3 M €	-34.8%	2 M €	+78.9%	1,1 M €	+1367%	75,1 k €	-97.6%	3,1 M €	-4.8%	3,3 M €	+3.5%	3,1 M €	+19.1%	2,6 M €	-14.4%	3,1 M €	-0.3%	3,1 M €	-0.7%	3,1 M €	+4.2%	3 M €	+7.9%	2,8 M €	-7.7%	3 M €	-26.0%	4,1 M €	-39.2%	6,7 M €
Operating result	1,1 M €	-6.1%	1,2 M €	-12.7%	1,3 M €	+3.2%	1,3 M €	-34.8%	2 M €	+78.9%	1,1 M €	+1367%	75,1 k €	-94.2%	1,3 M €	-2.6%	1,3 M €	+28.2%	1 M €	+104%	510 k €	-28.2%	710,4 k €	-13.1%	817,5 k €	-25.7%	1,1 M €	+3.7%	1,1 M €	+55.0%	684,2 k €	+36.5%	501,3 k €	-39.9%	834,2 k €	-35.9%	1,3 M €
Net result	0 €		0 €		–		–		–		–		–		9,8 M €	+4.5%	9,3 M €	+13.1%	8,3 M €	-23.5%	10,8 M €	+3.7%	10,4 M €	-2.4%	10,7 M €	-10.8%	12 M €	+6.8%	11,2 M €	+5.9%	10,6 M €	+7.4%	9,9 M €	-0.9%	9,9 M €	+18.9%	8,4 M €
Balance sheet
Equity	26,6 k €	0.0%	26,6 k €	0.0%	26,6 k €	0.0%	26,6 k €	0.0%	26,6 k €	0.0%	26,6 k €	+7.7%	24,7 k €	-100.0%	221,9 M €	+0.8%	220,2 M €	+0.6%	218,8 M €	-0.4%	219,8 M €	-6.9%	236 M €	-0.6%	237,4 M €	-0.6%	238,9 M €	-0.0%	238,9 M €	+0.8%	236,9 M €	+1.7%	233 M €	+1.5%	229,6 M €	+1.3%	226,6 M €
Total assets	30,3 M €	+3.8%	29,2 M €	+1.6%	28,7 M €	+5.7%	27,2 M €	+41.3%	19,2 M €	-0.9%	19,4 M €	-14.1%	22,6 M €	-91.0%	251,1 M €	-1.8%	255,9 M €	-1.6%	260,1 M €	-2.2%	265,9 M €	-2.0%	271,3 M €	-6.1%	289 M €	+2.1%	283,2 M €	+0.7%	281,2 M €	-0.0%	281,3 M €	-9.1%	309,3 M €	-18.4%	379 M €	+10.1%	344,1 M €
Cash	447,5 €	-1.0%	452 €	-99.4%	71,1 k €	+102%	35,2 k €	-84.9%	232,6 k €	-57.2%	543,1 k €	+32.6%	409,5 k €	+19.8%	341,8 k €	+32.8%	257,4 k €	-17.9%	313,3 k €	-34.5%	478,4 k €	-7.9%	519,6 k €	-17.5%	629,7 k €	-15.2%	743 k €	+63.4%	454,7 k €	-69.4%	1,5 M €	+7.6%	1,4 M €	-93.0%	19,7 M €	+123%	8,9 M €
Debts	30,3 M €	+4.2%	29 M €	+8.5%	26,8 M €	-1.3%	27,1 M €	+41.5%	19,2 M €	+2.5%	18,7 M €	-17.2%	22,6 M €	-22.6%	29,2 M €	-18.1%	35,7 M €	-13.2%	41,1 M €	-11.0%	46,1 M €	+30.9%	35,3 M €	-31.7%	51,6 M €	+16.5%	44,3 M €	+4.7%	42,3 M €	+3.8%	40,8 M €	-46.4%	76,1 M €	-42.6%	132,7 M €	+15.8%	114,6 M €
Other
Workforce	615,4 ETP	-7.4%	664,4 ETP	-6.2%	708,6 ETP	-6.4%	757,4 ETP	-3.8%	787,7 ETP	+0.0%	787,5 ETP	+10.3%	713,9 ETP	-2.2%	729,6 ETP	-4.1%	761,1 ETP	-1.4%	771,7 ETP	-0.8%	777,8 ETP	-5.3%	821,6 ETP	+1.2%	811,9 ETP	+3.5%	784,6 ETP	+4.1%	753,5 ETP	+1.1%	745,2 ETP	+0.4%	741,9 ETP	-3.6%	769,3 ETP	-3.4%	796,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 7 active · 265 ended

Active mandates

Ine Franssen

Director · since 02 décembre 2020

Active

Patrick Vandijck

Director · since 02 décembre 2020

Active

Adinda Van Gerven

Director · since 29 mars 2019

Active

Geert Cluckers

Director · since 29 mars 2019

Active

Jan Dalemans

Director · since 29 mars 2019

Active

Lies Laridon

Director · since 29 mars 2019

Active

Wim Dries

Chairman of the board of directors · since 29 mars 2019

Active

Ended mandates

Patrick Vandijck

Mandate · since 02 décembre 2020

Ended

Rita Moors

Director · since 29 mars 2019 · until 28 septembre 2020

Ended

Rita Moors

Director · since 29 mars 2019

Ended

Hubert Stippelmans

Director · since 27 mars 2017

Ended

At this address

Other companies at this address

Company	CBE no.
Fluvius Limburg● Active	0207.165.769
Fluvius - Vriendenkring Limburg● Active	0800.842.589
IN.DI● Liquidation	0887.703.121

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	08/06/2026	18/06/2025	25/06/2024	13/06/2023	05/07/2022	23/06/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	07/06/2023	08/06/2022	26/05/2021
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

66 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	03/06/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	04/06/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	05/06/2024	25/06/2024	Dutch	PDF
Full model	31/12/2022	07/06/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	08/06/2022	05/07/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	27/05/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	17/07/2019	Dutch	PDF
Full model	31/12/2017	23/04/2018	24/04/2018	Dutch	PDF
m120-f-p	31/12/2017	23/04/2018	24/04/2018	Dutch	PDF
Full model	31/12/2016	24/04/2017	26/04/2017	Dutch	PDF
m120-f-p	31/12/2016	24/04/2017	17/05/2017	Dutch	PDF
Full model	31/12/2015	25/04/2016	09/05/2016	Dutch	PDF
Full model	31/12/2014	08/06/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	28/04/2014	29/04/2014	Dutch	PDF
Full model	31/12/2012	29/04/2013	02/05/2013	Dutch	PDF
Full model	31/12/2011	23/04/2012	24/04/2012	Dutch	PDF
Full model	31/12/2010	18/04/2011	04/05/2011	Dutch	PDF
Full model	31/12/2009	26/04/2010	06/05/2010	Dutch	PDF
Full model	31/12/2008	20/04/2009	22/04/2009	Dutch	PDF
Full model	31/12/2007	21/04/2008	06/05/2008	Dutch	PDF
m120-f-p	31/12/2007	21/04/2008	22/04/2008	Dutch	PDF
Full model	31/12/2006	23/04/2007	21/05/2007	Dutch	PDF
Full model	31/12/2005	24/04/2006	16/05/2006	Dutch	PDF

View all 66 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 7 active · 265 ended

Active mandates

Ine Franssen

Director · since 02 décembre 2020

Active

Patrick Vandijck

Director · since 02 décembre 2020

Active

Adinda Van Gerven

Director · since 29 mars 2019

Active

Geert Cluckers

Director · since 29 mars 2019

Active

Jan Dalemans

Director · since 29 mars 2019

Active

Lies Laridon

Director · since 29 mars 2019

Active

Wim Dries

Chairman of the board of directors · since 29 mars 2019

Active

Ended mandates

Patrick Vandijck

Mandate · since 02 décembre 2020

Ended

Rita Moors

Director · since 29 mars 2019 · until 28 septembre 2020

Ended

Rita Moors

Director · since 29 mars 2019

Ended

Hubert Stippelmans

Director · since 27 mars 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2023
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates07/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/08/2021
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

03/06/2026
reconductionEY Bedrijfsrevisoren bv — commissaris
04/06/2025
nominationPaul Eelen — vaste vertegenwoordiger namens EY Bedrijfsrevisoren BV
04/06/2025
nominationLine Vyvey — vaste vertegenwoordiger namens EY Bedrijfsrevisoren BV
26/03/2025
nominationPatrick Janssens — bestuurder
26/03/2025
nominationWim Dries — bestuurder
26/03/2025
nominationLaurence Libert — bestuurder
26/03/2025
nominationMark Vos — bestuurder
26/03/2025
nominationManuela Vervoort — bestuurder
26/03/2025
nominationMieke Vanrobaeys — bestuurder
26/03/2025
nominationLotte Van Cutsem — lid van de Raad van Bestuur met raadgevende stem
2024
Annual accounts 20240 €↑
2023
Annual accounts 20230 €↓
30/08/2023
nominationBOSMANS Roby — gevolmachtigde
30/08/2023
nominationROSSEELS Raf — gevolmachtigde
30/08/2023
nominationTRIBOUT Peter — gevolmachtigde
30/08/2023
nominationVAN BELLE Ilse — gevolmachtigde
30/08/2023
nominationVAN OOST Gino — gevolmachtigde
30/08/2023
nominationVANBRABANT Frank — gevolmachtigde
30/08/2023
nominationALMEY Bruce — gevolmachtigde
07/06/2023
nominationEY Bedrijfsrevisoren — commissaris
2023
Name changeFLUVIUS OV
2022
Annual accounts 2022
07/12/2022
nominationBruce Almey — secretaris van de Raad van Bestuur
12/10/2022
nominationGino Van Oost — gevolmachtigde
12/10/2022
nominationBruce Almey — gevolmachtigde
2021
Annual accounts 2021
2021
Name changeFLUVIUS Opdrachthoudende Vereniging
2020
Annual accounts 2020
2019
Annual accounts 2019
2018
Annual accounts 2018
2017
Annual accounts 20179,8 M €↑
2016
Annual accounts 20169,3 M €↑
2015
Annual accounts 20158,3 M €↓
2014
Annual accounts 201410,8 M €↑
2013
Annual accounts 201310,4 M €↓
2012
Annual accounts 201210,7 M €↓
2011
Annual accounts 201112 M €↑
2010
Annual accounts 201011,2 M €↑
2009
Annual accounts 200910,6 M €↑
2008
Annual accounts 20089,9 M €↓
2008
Name changeProvinciale Intercommunale Electriciteitsmaatschappij van Limburg
2007
Annual accounts 20079,9 M €↑
2006
Annual accounts 20068,4 M €
01/01/1968
IncorporationProject leader organization, Flemish Region

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

FLUVIUS

Overview

What does FLUVIUS 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