ACTIVE

FLUVIUS IMEWO

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Financial year 2025 · closed on 31/12/2025

Net result

42 M €

+114.1% YoY

Revenue

544,9 M €

+27.9% YoY

Equity

772,5 M €

+8.0% YoY

What does FLUVIUS IMEWO do?

FLUVIUS IMEWO is a Project leader organization, Flemish Region incorporated in 1975. Its registered office is in Merelbeke-Melle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0215.362.368

Incorporation

10/03/1975

Legal form

Project leader organization, Flemish Region

Registered office

Brusselsesteenweg 199
9090 Merelbeke-Melle · FlandreSee on map

Contributed capital

359 573 486,86 €

Latest accounts

31/12/2025

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 6 financial years

	2025		2024		2023		2022		2021		2020
Income statement
Revenue	544,9 M €	+27.9%	426,2 M €	-0.1%	426,7 M €	-4.9%	448,7 M €	-14.0%	521,6 M €	+2.4%	509,3 M €
EBITDA	209,1 M €	+31.3%	159,3 M €	+13.0%	140,9 M €	-13.8%	163,5 M €	-0.6%	164,5 M €	-3.6%	170,6 M €
Operating result	97 M €	+62.3%	59,8 M €	+16.0%	51,5 M €	-28.0%	71,6 M €	-4.5%	75 M €	-18.0%	91,4 M €
Net result	42 M €	+114%	19,6 M €	+2.9%	19,1 M €	-53.4%	41 M €	-0.8%	41,3 M €	-20.0%	51,6 M €
Balance sheet
Equity	772,5 M €	+8.0%	715,1 M €	-1.2%	723,9 M €	-1.5%	735,2 M €	+1.5%	724,6 M €	+2.9%	704,5 M €
Total assets	3,1 Md €	+12.9%	2,7 Md €	+5.7%	2,6 Md €	+7.6%	2,4 Md €	+1.9%	2,3 Md €	+8.3%	2,2 Md €
Cash	993,2 €	-33.9%	1,5 k €	+8.9%	1,4 k €	-82.9%	8,1 k €	-31.5%	11,8 k €	+1216%	897,5 €
Debts	2,2 Md €	+13.4%	2 Md €	+8.1%	1,8 Md €	+12.2%	1,6 Md €	+3.2%	1,6 Md €	+9.9%	1,4 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 · 16 active · 12 ended

Active mandates

Alana HERMAN

Director · since 17 mars 2025

Active

Hilde DE GRAEVE

Director · since 17 mars 2025

Active

Isabel DELLAERT

Director · since 17 mars 2025

Active

Joachim COENS

Director · since 17 mars 2025

Active

Johan VANDENBUSSCHE

Lid met raadgevende stem · since 17 mars 2025

Active

Joris VANDENBROUCKE

Chairman of the board of directors · since 17 mars 2025

Active

Josse VERDEGEM

Director · since 17 mars 2025

Active

Judith OOMS

Director · since 17 mars 2025

Active

Koen MERTENS

Director · since 17 mars 2025

Active

Pablo ANNYS

Director · since 17 mars 2025

Active

Philip KONINGS

Director · since 17 mars 2025

Active

Piet BERTON

Director · since 17 mars 2025

Active

Rutger DE REU

Vice-chairman of the board of directors · since 17 mars 2025

Active

Trees VAN EYKEREN

Director · since 17 mars 2025

Active

Filip THIENPONT

Director · since 19 mars 2019

Active

Jan DE KEYSER

Director · since 19 mars 2019

Active

Ended mandates

David DOLORES

Director · since 13 septembre 2024

Ended

Charlotte DE BACKER

Mandate · since 06 septembre 2019

Ended

Carl DE DECKER

Director · since 19 mars 2019

Ended

Conny DE SPIEGELAERE

Director · since 19 mars 2019

Ended

At this address

Other companies at this address

Company	CBE no.
DE STROOMLIJN● Active	0886.337.894
ECONOMISCHE GROEP FLUVIUS● Active	0561.896.056
Fluvius System Operator● Active	0477.445.084
Fluvius System Operator Pillar 2● Active	1015.539.223
SYNDUCTIS● Active	0502.445.845
TRANSCO ENERGY● Active	1015.563.076

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	26/06/2026	01/07/2025	28/06/2024	28/06/2023	13/07/2022	12/07/2021
General meeting	08/06/2026	25/06/2025	17/06/2024	19/06/2023	24/06/2022	16/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/06/2026	26/06/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	17/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	19/06/2023	28/06/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	13/07/2022	Dutch	PDF
Full model	31/12/2020	16/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	27/07/2020	Dutch	PDF
Full model	31/12/2018	24/04/2019	17/07/2019	Dutch	PDF
Full model	31/12/2017	18/06/2018	09/07/2018	Dutch	PDF
Full model	31/12/2016	19/06/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	29/04/2016	18/05/2016	Dutch	PDF
Full model	31/12/2014	22/06/2015	02/07/2015	Dutch	PDF
Full model	31/12/2013	23/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	24/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	27/06/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	21/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	22/06/2009	07/07/2009	Dutch	PDF
Full model	31/12/2007	23/06/2008	16/07/2008	Dutch	PDF
Full model	31/12/2006	25/06/2007	05/07/2007	Dutch	PDF

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 · 16 active · 12 ended

Active mandates

Alana HERMAN

Director · since 17 mars 2025

Active

Hilde DE GRAEVE

Director · since 17 mars 2025

Active

Isabel DELLAERT

Director · since 17 mars 2025

Active

Joachim COENS

Director · since 17 mars 2025

Active

Johan VANDENBUSSCHE

Lid met raadgevende stem · since 17 mars 2025

Active

Joris VANDENBROUCKE

Chairman of the board of directors · since 17 mars 2025

Active

Josse VERDEGEM

Director · since 17 mars 2025

Active

Judith OOMS

Director · since 17 mars 2025

Active

Koen MERTENS

Director · since 17 mars 2025

Active

Pablo ANNYS

Director · since 17 mars 2025

Active

Philip KONINGS

Director · since 17 mars 2025

Active

Piet BERTON

Director · since 17 mars 2025

Active

Rutger DE REU

Vice-chairman of the board of directors · since 17 mars 2025

Active

Trees VAN EYKEREN

Director · since 17 mars 2025

Active

Filip THIENPONT

Director · since 19 mars 2019

Active

Jan DE KEYSER

Director · since 19 mars 2019

Active

Ended mandates

David DOLORES

Director · since 13 septembre 2024

Ended

Charlotte DE BACKER

Mandate · since 06 septembre 2019

Ended

Carl DE DECKER

Director · since 19 mars 2019

Ended

Conny DE SPIEGELAERE

Director · since 19 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

Mandates04/02/2026
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other14/10/2025
DIVERSEN
PDF
Restructuring07/08/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates28/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring31/07/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring12/04/2024
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

2025
Annual accounts 202542 M €↑
15/12/2025
nominationLIERMAN Luc — lid van het regionaal bestuurscomité (RBC) West
15/12/2025
apport
23/09/2025
nominationBULCKE Hannelore — lid van het regionaal bestuurscomité (RBC) West
25/06/2025
nominationLine Vyvey — Commissaris-revisor
17/03/2025
nominationTrees Van Eykeren — bestuurder
17/03/2025
nominationPhilip Konings — bestuurder
17/03/2025
nominationPablo Annys — bestuurder
17/03/2025
nominationJoachim Coens — bestuurder
17/03/2025
nominationRutger De Reu — bestuurder
17/03/2025
nominationJosse Verdegem — bestuurder
17/03/2025
nominationAlana Herman — bestuurder
17/03/2025
nominationJoris Vandenbroucke — bestuurder
17/03/2025
nominationPiet Berton — bestuurder
17/03/2025
nominationHilde De Graeve — bestuurder
17/03/2025
nominationKoen Mertens — bestuurder
17/03/2025
nominationFilip Thienpont — bestuurder
17/03/2025
nominationJudith Ooms — bestuurder
17/03/2025
nominationJan de Keyser — bestuurder
17/03/2025
nominationIsabel Dellaert — bestuurder
17/03/2025
nominationJohan Vandenbussche — lid met raadgevende stem
2025
Name changeFLUVIUS IMEWO
01/01/2025
splitGemeente Jabbeke
01/01/2025
splitGemeente Zelzate
01/01/2025
splitGemeente De Haan
01/01/2025
splitGemeente Nazareth-De Pinte
2024
Annual accounts 202419,6 M €↑
13/09/2024
nominationDolores David — lid van de Raad van Bestuur
11/09/2024
nominationDolores David — lid van het regionaal bestuurscomité (RBC) West
01/01/2024
nominationFrank Vanbrabant — CEO
01/01/2024
nominationRaf Bellers — Directeur Netbeheer
01/01/2024
nominationTom Ceuppens — Directeur Netuitbating
01/01/2024
nominationGuy Cosyns — Directeur Klantendienst en Databeheer
01/01/2024
nominationJean Pierre Hollevoet — Directeur Energie- en Klimaattransitie
01/01/2024
nominationDavid Termont — Directeur Financieel Beheer, Legal en ICT
01/01/2024
nominationIlse Van Belle — Directeur HR
01/01/2024
nominationFilip Van Rompaey — Directeur Strategie
2023
Annual accounts 202319,1 M €↓
2022
Annual accounts 202241 M €↓
24/06/2022
nominationMarnix Van Dooren — Commissaris-revisor
2021
Annual accounts 202141,3 M €↓
2021
Name changeIMEWO
2020
Annual accounts 202051,6 M €
2020
Name changeIntercommunale Maatschappij voor Energievoorziening in West- en Oost-Vlaanderen
10/03/1975
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 IMEWO

Overview

What does FLUVIUS IMEWO do?

Trend over 6 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