NORMAL SITUATION

Fluvius West

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Company — Normal situation.

Financial year 2024 · Closed on 31/12/2024

Net result58,4 M €+706,6 %over 1 year

Revenue100,8 M €-1,5 %over 1 year

Equity585,3 M €+1,1 %over 1 year

Identity

Source · BCE/KBO

Fluvius West is a company registered in Belgium.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0205.157.176
Legal form: Project leader organization, Flemish Region
Contributed capital: 251 571 140,86 €
Latest accounts: 31/12/2024

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 50 filings

Trend over 17 financial years

	2024		2023		2022		2021		2020
Income statement
Revenue	100,8 M €	-1.5%	102,4 M €	-7.1%	110,3 M €	-13.7%	127,8 M €	+3.9%	123 M €
EBITDA	41,3 M €	+72.4%	23,9 M €	-43.4%	42,3 M €	+2.5%	41,3 M €	-4.0%	43 M €
Operating result	12,3 M €	+430%	-3,7 M €	-123%	15,9 M €	-13.6%	18,4 M €	-3.5%	19,1 M €
Net result	58,4 M €	+707%	7,2 M €	-53.3%	15,5 M €	-11.1%	17,4 M €	-0.3%	17,5 M €
Balance sheet
Equity	585,3 M €	+1.1%	578,9 M €	+0.4%	576,9 M €	+1.0%	571 M €	+0.9%	565,9 M €
Total assets	997,9 M €	+5.1%	949,5 M €	+7.7%	881,7 M €	+1.7%	866,8 M €	+3.1%	840,5 M €
Cash	539 €	-55.0%	1,2 k €	-91.1%	13,5 k €	-4.8%	14,2 k €	+16.7%	12,1 k €
Debts	380,4 M €	+10.9%	343,2 M €	+23.3%	278,4 M €	+6.7%	261 M €	+12.1%	232,9 M €
Other
Workforce	–		–		–		–		–

Board of directors

Source · NBB, accounts to 31/12/2024

16 active · 221 ended

Active mandates

Ariëlla Vandenberghe

Director · since 16 octobre 2023

Active

Anna Verduyn

Director · since 12 décembre 2022

Active

Jan Pollet

Director · since 14 mars 2022

Active

Caroline Maertens

Director · since 26 mars 2019

Active

Floris Van Den Broeck

Director · since 26 mars 2019

Active

Francis Pattyn

Director · since 26 mars 2019

Active

Geert Dessein

Director · since 26 mars 2019

Active

Geert Moerkerke

Director · since 26 mars 2019

Active

Irina De Knop

Ondervoorzitster van de raad van bestuur · since 26 mars 2019 · until 10 juillet 2024

Active

Jan Viaene

Director · since 26 mars 2019

Active

Johan TANGHE

Lid met raadgevende stem · since 26 mars 2019

Active

Lies Laridon

Chairman of the board of directors · since 26 mars 2019

Active

Lynn Vermote

Director · since 26 mars 2019

Active

Patrick Lansens

Director · since 26 mars 2019

Active

Rik Vanwildemeersch

Director · since 26 mars 2019

Active

Stijn Tant

Director · since 26 mars 2019

Active

Ended mandates

Lies Goemaere

Director · since 08 mars 2021 · until 11 octobre 2023

Ended

Lies GOEMAERE

Director · since 08 mars 2021

Ended

Elke Casier

Director · since 26 mars 2019 · until 07 novembre 2022

Ended

Elke CASIER

Director · since 26 mars 2019

Ended

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2025	28/06/2024	28/06/2023	27/06/2022	13/07/2021	15/07/2020
General meeting	26/06/2025	19/06/2024	26/06/2023	20/06/2022	21/06/2021	19/06/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 50 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	26/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	19/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	26/06/2023	28/06/2023	Dutch	PDF
Full model	31/12/2021	20/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	21/06/2021	13/07/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	15/07/2020	Dutch	PDF
Full model	31/12/2018	24/06/2019	18/07/2019	Dutch	PDF
Full model	31/12/2017	26/06/2018	04/07/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	13/06/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	23/06/2014	Dutch	PDF
Full modelCorrection	31/12/2012	04/06/2013	09/08/2013	Dutch	PDF
Full model	31/12/2012	04/06/2013	02/07/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	08/07/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	03/07/2008	Dutch	PDF
Full model	31/12/2006	05/06/2007	21/06/2007	Dutch	PDF
Full model	31/12/2005	06/06/2006	05/07/2006	Dutch	PDF
Full model	31/12/2004	07/06/2005	23/06/2005	Dutch	PDF
Full model	31/12/2003	01/06/2004	10/06/2004	Dutch	PDF
Full model	31/12/2002	03/06/2003	20/06/2003	Dutch	PDF
Full model	31/12/2001	04/06/2002	19/07/2002	Dutch	PDF
Full model	31/12/2000	05/06/2001	06/07/2001	Dutch	PDF
Full model	31/12/1999	06/06/2000	05/07/2000	Dutch	PDF
Full model	31/12/1998	01/06/1999	18/06/1999	Dutch	PDF
Full model	31/12/1997	02/06/1998	29/06/1998	Dutch	—
Full model	31/12/1996	03/06/1997	01/07/1997	Dutch	—
Full model	31/12/1995	04/06/1996	04/07/1996	Dutch	—
Full model	31/12/1994	06/06/1995	05/07/1995	Dutch	—
Full model	31/12/1993	07/06/1994	06/07/1994	Dutch	—
Full modelCorrection	31/12/1992	01/06/1993	23/06/1993	Dutch	—
Full model	31/12/1992	01/06/1993	23/06/1993	Dutch	—
m930-p	31/12/1991	02/06/1992	06/07/1992	Dutch	—
m930-p	31/12/1990	04/06/1991	25/06/1991	Dutch	—
m930-p	31/12/1989	05/06/1990	04/07/1990	Dutch	—
m930-p	31/12/1988	06/06/1989	30/06/1989	Dutch	—
m930-p	31/12/1987	07/06/1988	06/07/1988	Dutch	—
m930-p	31/12/1986	02/06/1987	01/07/1987	Dutch	—
m930-p	31/12/1985	03/06/1986	20/06/1986	Dutch	—
m930-p	31/12/1984	04/06/1985	04/07/1985	English	—
m903-p	31/12/1983	05/06/1984	18/06/1984	English	—
m903-p	31/12/1982	07/06/1983	23/11/1983	English	—
m903-p	31/12/1981	01/06/1982	23/11/1983	English	—
m903-p	31/12/1980	01/01/9999	23/11/1983	English	—
m903-p	31/12/1979	01/01/9999	03/12/1981	English	—
m903-p	31/12/1978	01/01/9999	03/12/1981	English	—
m903-p	31/12/1977	01/01/9999	11/10/1979	English	—

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2024

16 active · 221 ended

Active mandates

Ariëlla Vandenberghe

Director · since 16 octobre 2023

Active

Anna Verduyn

Director · since 12 décembre 2022

Active

Jan Pollet

Director · since 14 mars 2022

Active

Caroline Maertens

Director · since 26 mars 2019

Active

Floris Van Den Broeck

Director · since 26 mars 2019

Active

Francis Pattyn

Director · since 26 mars 2019

Active

Geert Dessein

Director · since 26 mars 2019

Active

Geert Moerkerke

Director · since 26 mars 2019

Active

Irina De Knop

Ondervoorzitster van de raad van bestuur · since 26 mars 2019 · until 10 juillet 2024

Active

Jan Viaene

Director · since 26 mars 2019

Active

Johan TANGHE

Lid met raadgevende stem · since 26 mars 2019

Active

Lies Laridon

Chairman of the board of directors · since 26 mars 2019

Active

Lynn Vermote

Director · since 26 mars 2019

Active

Patrick Lansens

Director · since 26 mars 2019

Active

Rik Vanwildemeersch

Director · since 26 mars 2019

Active

Stijn Tant

Director · since 26 mars 2019

Active

Ended mandates

Lies Goemaere

Director · since 08 mars 2021 · until 11 octobre 2023

Ended

Lies GOEMAERE

Director · since 08 mars 2021

Ended

Elke Casier

Director · since 26 mars 2019 · until 07 novembre 2022

Ended

Elke CASIER

Director · since 26 mars 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring07/08/2025
Vaststelling definitieve ruilverhoudingen partiële splitsingen en fusie.
PDF
Mandates24/12/2024
Statutaire benoemingen en ontslagnemingen
PDF
Mandates07/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/05/2023
KAPITAAL - AANDELEN
PDF
Dissolution08/02/2023
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

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

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Timeline

2024
Annual accounts 202458,4 M €↑
2023
Annual accounts 20237,2 M €↓
2022
Annual accounts 202215,5 M €↓
2021
Annual accounts 202117,4 M €↓
2020
Annual accounts 202017,5 M €↑
2019
Annual accounts 201915,9 M €↑
2018
Annual accounts 20188,7 M €↓
2017
Annual accounts 201715,7 M €↑
2016
Annual accounts 201614,8 M €↑
2015
Annual accounts 201512,9 M €↓
2014
Annual accounts 201445,7 M €↑
2013
Annual accounts 201318,8 M €↑
2012
Annual accounts 201215,4 M €↓
2011
Annual accounts 201116,6 M €↓
2010
Annual accounts 201017,3 M €↑
2009
Annual accounts 200914,8 M €↓
2008
Annual accounts 200845 M €

Fluvius West

Overview

Identity

Financials

Board of directors

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

Timeline