ACTIVE

FLUVIUS WEST

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
50,2 M €
+146.3% YoY
Revenue
541,7 M €
+50.4% YoY
Equity
1,3 Md €
+75.4% YoY

What does FLUVIUS WEST do?

FLUVIUS WEST is a Project leader organization, Flemish Region incorporated in 1975. Its registered office is in Kortrijk.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0215.266.160
Incorporation
17/02/1975
Legal form
Project leader organization, Flemish Region
Registered office
President Kennedypark(Kor) 12
8500 Kortrijk · FlandreSee on map
Contributed capital
572 952 588,35 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Revenue541,7 M €360,2 M €362,1 M €385,5 M €454,8 M €490 M €
EBITDA211 M €130 M €125,2 M €141 M €145,4 M €170,6 M €
Operating result98,7 M €48,6 M €55 M €66,3 M €72,2 M €97,3 M €
Net result50,2 M €20,4 M €28,5 M €39,5 M €41,3 M €57,5 M €
Balance sheet
Equity1,3 Md €738,2 M €747,5 M €750,3 M €743,5 M €770,1 M €
Total assets3,4 Md €2,2 Md €2,1 Md €2 Md €2 Md €2 Md €
Cash1,3 k €834,9 €1,4 k €12,7 k €812 €876,8 €
Debts2 Md €1,4 Md €1,3 Md €1,2 Md €1,2 Md €1,2 Md €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 19 active · 7 ended

Active mandates

Arthur Vandenbulcke

Director · since 18 mars 2025

Active
Claude Croes

Director · since 18 mars 2025

Active
Greta Vandeputte

Director · since 18 mars 2025

Active
Jean-Marie Callewaert

Lid met raadgevende stem · since 18 mars 2025

Active
Katrien Desomer

Director · since 18 mars 2025

Active
Mieke Bailleul-Vanrobaeys

Director · since 18 mars 2025

Active
Philip Pauwels

Director · since 18 mars 2025

Active
Tijl Rommelaere

Director · since 18 mars 2025

Active
Véronique Buyck

Vice-chairman of the board of directors · since 18 mars 2025

Active
Caroline Maertens

Director · since 01 janvier 2025 · until 18 mars 2025

Active
Francis Pattyn

Director · since 01 janvier 2025

Active
Lies Laridon

Director · since 01 janvier 2025 · until 18 mars 2025

Active
Lynn Vermote

Director · since 01 janvier 2025 · until 18 mars 2025

Active
Patrick Lanssens

Director · since 01 janvier 2025

Active
Stijn Tant

Director · since 01 janvier 2025

Active
Christof Dejaegher

Chairman of the board of directors · since 25 mars 2019

Active
Joop Verzele

Director · since 25 mars 2019

Active
Lieven Cobbaert

Director · since 25 mars 2019

Active
Mieke Vanbrussel

Director · since 25 mars 2019

Active

Ended mandates

Youro Casier

Director · since 25 octobre 2019

Ended
Christof Dejaegher

Voorzitter · since 25 mars 2019

Ended
Daisy Haydon

Director · since 25 mars 2019

Ended
Franka Bogaert

Ondervoorzitster van de raad van bestuur · since 25 mars 2019

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/06/202601/07/202528/06/202428/06/202313/07/202213/07/2021
General meeting09/06/202626/06/202518/06/202420/06/202328/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202509/06/202626/06/2026DutchPDF
Full model31/12/202426/06/202501/07/2025DutchPDF
Full model31/12/202318/06/202428/06/2024DutchPDF
Full model31/12/202220/06/202328/06/2023DutchPDF
Full model31/12/202128/06/202213/07/2022DutchPDF
Full model31/12/202028/06/202113/07/2021DutchPDF
Full model31/12/201923/06/202027/07/2020DutchPDF
Full model31/12/201817/06/201917/07/2019DutchPDF
Full model31/12/201725/06/201804/07/2018DutchPDF
Full model31/12/201623/06/201730/06/2017DutchPDF
Full model31/12/201529/04/201612/05/2016DutchPDF
Full model31/12/201426/06/201501/07/2015DutchPDF
Full model31/12/201320/06/201424/06/2014DutchPDF
Full model31/12/201221/06/201326/06/2013DutchPDF
Full model31/12/201122/06/201202/07/2012DutchPDF
Full model31/12/201024/06/201105/07/2011DutchPDF
Full model31/12/200925/06/201028/06/2010DutchPDF
Full model31/12/200826/06/200902/07/2009DutchPDF
Full model31/12/200727/06/200830/06/2008DutchPDF
Full model31/12/200622/06/200704/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 19 active · 7 ended

Active mandates

Arthur Vandenbulcke

Director · since 18 mars 2025

Active
Claude Croes

Director · since 18 mars 2025

Active
Greta Vandeputte

Director · since 18 mars 2025

Active
Jean-Marie Callewaert

Lid met raadgevende stem · since 18 mars 2025

Active
Katrien Desomer

Director · since 18 mars 2025

Active
Mieke Bailleul-Vanrobaeys

Director · since 18 mars 2025

Active
Philip Pauwels

Director · since 18 mars 2025

Active
Tijl Rommelaere

Director · since 18 mars 2025

Active
Véronique Buyck

Vice-chairman of the board of directors · since 18 mars 2025

Active
Caroline Maertens

Director · since 01 janvier 2025 · until 18 mars 2025

Active
Francis Pattyn

Director · since 01 janvier 2025

Active
Lies Laridon

Director · since 01 janvier 2025 · until 18 mars 2025

Active
Lynn Vermote

Director · since 01 janvier 2025 · until 18 mars 2025

Active
Patrick Lanssens

Director · since 01 janvier 2025

Active
Stijn Tant

Director · since 01 janvier 2025

Active
Christof Dejaegher

Chairman of the board of directors · since 25 mars 2019

Active
Joop Verzele

Director · since 25 mars 2019

Active
Lieven Cobbaert

Director · since 25 mars 2019

Active
Mieke Vanbrussel

Director · since 25 mars 2019

Active

Ended mandates

Youro Casier

Director · since 25 octobre 2019

Ended
Christof Dejaegher

Voorzitter · since 25 mars 2019

Ended
Daisy Haydon

Director · since 25 mars 2019

Ended
Franka Bogaert

Ondervoorzitster van de raad van bestuur · since 25 mars 2019

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares27/07/2026
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares27/07/2026
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares22/04/2026
    KAPITAAL - AANDELEN
    PDF
  • Restructuring04/02/2026
    DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares06/11/2025
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares06/11/2025
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares14/10/2025
    KAPITAAL - AANDELEN
    PDF
  • Restructuring14/10/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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

Timeline

  1. 01/07/2026
    apport
  2. 01/01/2026
    apport
  3. 01/01/2026
    apport
  4. 2025
    Annual accounts 202550,2 M €↑
  5. 16/12/2025
    apport
  6. 01/07/2025
    apport
  7. 26/06/2025
    nominationPaul Eelen — Commissaris-revisor
  8. 26/06/2025
    nominationLine Vyvey — Commissaris-revisor
  9. 18/03/2025
    nominationClaude Croes — bestuurder
  10. 18/03/2025
    nominationMieke Vanrobaeys — bestuurder
  11. 18/03/2025
    nominationFrancis Pattyn — bestuurder
  12. 18/03/2025
    nominationLieven Cobbaert — bestuurder
  13. 18/03/2025
    nominationKatrien Desomer — bestuurder
  14. 18/03/2025
    nominationPatrick Lansens — bestuurder
  15. 18/03/2025
    nominationArthur Vandenbulcke — bestuurder
  16. 18/03/2025
    nominationJoop Verzele — bestuurder
  17. 18/03/2025
    nominationGreta Vandeputte — bestuurder
  18. 18/03/2025
    nominationChristof Dejaegher — bestuurder
  19. 18/03/2025
    nominationMieke Vanbrussel — bestuurder
  20. 18/03/2025
    nominationTijl Rommelaere — bestuurder
  21. 18/03/2025
    nominationPhilip Pauwels — bestuurder
  22. 18/03/2025
    nominationStijn Tant — bestuurder
  23. 18/03/2025
    nominationJean-Marie Callewaert — lid met raadgevende stem
  24. 2025
    Name changeFLUVIUS WEST
  25. 01/01/2025
    split
  26. 01/01/2025
    split
  27. 01/01/2025
    cession
  28. 01/01/2025
    split
  29. 01/01/2025
    nominationPatrick Lansens — bestuurder
  30. 01/01/2025
    nominationLies Laridon — bestuurder
  31. 01/01/2025
    nominationCaroline Maertens — bestuurder
  32. 01/01/2025
    nominationFrancis Pattyn — bestuurder
  33. 01/01/2025
    nominationStijn Tant — bestuurder
  34. 01/01/2025
    nominationLynn Vermote — bestuurder
  35. 01/01/2025
    nominationFranka Bogaert — bestuurder
  36. 01/01/2025
    nominationYouro Casier — bestuurder
  37. 01/01/2025
    nominationLieven Cobbaert — bestuurder
  38. 01/01/2025
    nominationChristof Dejaegher — bestuurder
  39. 01/01/2025
    nominationSandy Evrard — bestuurder
  40. 01/01/2025
    nominationDaisy Haydon — bestuurder
  41. 01/01/2025
    nominationMieke Vanbrussel — bestuurder
  42. 01/01/2025
    nominationJoop Verzele — bestuurder
  43. 01/01/2025
    nominationKoen Vandenbroucke — lid met raadgevende stem
  44. 2024
    Annual accounts 202420,4 M €↓
  45. 16/01/2024
    nominationBUYCK Véronique — lid van het Regionaal Bestuurscomité Centrum
  46. 01/01/2024
    nominationFrank Vanbrabant — CEO
  47. 01/01/2024
    nominationRaf Bellers — Directeur Netbeheer
  48. 01/01/2024
    nominationTom Ceuppens — Directeur Netuitbating
  49. 01/01/2024
    nominationGuy Cosyns — Directeur Klantendienst en Databeheer
  50. 01/01/2024
    nominationJean Pierre Hollevoet — Directeur Energie- en Klimaattransitie
  51. 01/01/2024
    nominationDavid Termont — Directeur Financieel Beheer, Legal en ICT
  52. 01/01/2024
    nominationIlse Van Belle — Directeur HR
  53. 01/01/2024
    nominationFilip Van Rompaey — Directeur Strategie
  54. 2023
    Annual accounts 202328,5 M €↓
  55. 2022
    Annual accounts 202239,5 M €↓
  56. 28/06/2022
    nominationMarnix Van Dooren — Commissaris
  57. 2021
    Annual accounts 202141,3 M €↓
  58. 2021
    Name changeGASELWEST
  59. 2020
    Annual accounts 202057,5 M €
  60. 2020
    Name changeIntercommunale Maatschappij voor Gas en Elektriciteit van het Westen
  61. 01/01/2019
    split
  62. 01/01/2019
    augmentation_capital
  63. 01/01/2019
    reduction_capital
  64. 17/02/1975
    IncorporationProject leader organization, Flemish Region