ACTIVE

SIBELGA

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Financial year 2025 · Closed on 31/12/2025

Net result55 M €+12,1 %over 1 year
Revenue396,7 M €-4,5 %over 1 year
Equity861,4 M €+0,0 %over 1 year

Identity

Source · BCE/KBO

SIBELGA is a Cooperative society governed by public law incorporated in 1982. Its main activity is: Production of electricity. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0222.869.673
Incorporation
29/06/1982
Legal form
Cooperative society governed by public law
Registered office
Quai des Usines 16
1000 Bruxelles · BruxellesSee on map
Contributed capital
580 000 000,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 326
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue396,7 M €415,4 M €379,6 M €365,4 M €341,6 M €
EBITDA155,2 M €144,5 M €147,9 M €133,7 M €118,6 M €
Operating result86,1 M €74,7 M €77,6 M €62,2 M €57,6 M €
Net result55 M €49,1 M €52,6 M €42,3 M €39,4 M €
Balance sheet
Equity861,4 M €861,2 M €860,6 M €859,7 M €859,8 M €
Total assets1,5 Md €1,5 Md €1,4 Md €1,4 Md €1,4 Md €
Cash342,1 k €337,9 k €6,2 M €10,2 M €6,9 M €
Debts522,6 M €521,6 M €350,5 M €251,1 M €276,1 M €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

more than 1.000 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

27 active · 187 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Audrey Henry
Director17/06/2025 → 14/02/2026
Blanche De Pierpont
Director17/06/2025 → 17/06/2031
David Cordonnier
Chairman of the board of directors17/06/2025 → 17/06/2031Director17/12/2024 → 17/06/2025ended
Ernst et Young Reviseurs d'Entreprises0446.334.711
Registered auditor17/06/2025 → 20/06/2028.17/06/2019 → 17/06/2025endedMandate18/06/2013 → 17/06/2022ended
Floriane Bonnier
Director17/06/2025 → 17/06/2031
Hervé Doyen
Director17/06/2025 → 17/06/2031
Karine Lalieux
Director17/06/2019 → 14/02/2026Chairman of the board of directors17/06/2019 → 17/06/2025ended
Khalid Zian
Director17/06/2025 → 17/06/2031
Loes Salomez
Director17/06/2025 → 17/06/2031
Luca D'Argo
Vice-chairman of the board of directors17/06/2025 → 17/06/2031
Lucien Rigaux
Director17/06/2025 → 17/06/2031
Malika Mhadi
Director17/06/2025 → 17/06/2031
Matthieu Degrez
Director17/06/2025 → 17/06/2031
Nicole Bomele
Director17/06/2025 → 17/06/2031
Olivia Bodson
Director17/06/2025 → 17/06/2031
Olivia P'tito
Director17/06/2025 → 17/06/2031
Solange Pitroipa
Director17/06/2025 → 17/06/2031
Thibaud WYNGAARD
Director17/06/2025 → 17/06/2031Vice-chairman of the board of directors17/06/2019 → 17/06/2025ended
Tanguy Verheyen
Director18/03/2025 → 17/06/2031
Valérie Lowagie
Director18/03/2025 → 17/06/2031
Serge Janssen
Director18/02/2025 → 17/06/2031
Gudrun Willems
Director14/01/2025 → 17/06/2031
Ahmed Ouartassi
Director17/12/2024 → 17/06/2031
M'Hamed BENALLAL
Director19/10/2021 → 17/06/2031
Hassan CHEGDANI
Director05/05/2020 → 17/06/2031
Michaël LORIAUX
Director17/06/2019 → 17/06/2031
Thibault WAUTHIER
Director17/06/2019 → 17/06/2031

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Gloria Garcia Fernandez
Director18/02/2025 → 17/06/2025
Marie-Noëlle Stassart
Director18/02/2025 → 17/06/2025
Thomas Eraly
Director14/01/2025 → 17/06/2025
Debora Lorenzino
Director18/06/2024 → 17/06/2025

Other companies at this address

Quai des Usines 16 1000 Bruxelles
CompanyCBE no.
BRUSSELS NETWORK OPERATIONS● Active
0881.278.355
IBG● Active
0869.582.432
INTERFIN● Active
0222.944.897

Full financial information

Source · NBB
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 date09/07/202607/07/202525/07/202428/06/202327/06/202229/06/2021
General meeting11/06/202617/06/202518/06/202420/06/202321/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202511/06/202609/07/2026FrenchPDF
Full model31/12/202417/06/202507/07/2025FrenchPDF
Full model31/12/202417/06/202504/07/2025DutchPDF
Full model31/12/202318/06/202425/07/2024FrenchPDF
Full model31/12/202220/06/202328/06/2023FrenchPDF
Full model31/12/202121/06/202227/06/2022FrenchPDF
Full model31/12/202015/06/202129/06/2021FrenchPDF
Full model31/12/201916/06/202003/07/2020FrenchPDF
Full model31/12/201817/06/201915/07/2019FrenchPDF
Full model31/12/201718/06/201819/06/2018FrenchPDF
Full model31/12/201619/06/201727/06/2017FrenchPDF
Full model31/12/201520/06/201607/07/2016FrenchPDF
Full model31/12/201415/06/201524/06/2015FrenchPDF
Full model31/12/201316/06/201420/06/2014FrenchPDF
Full model31/12/201217/06/201324/06/2013FrenchPDF
Full model31/12/201118/06/201227/06/2012FrenchPDF
Full model31/12/201020/06/201107/07/2011DutchPDF
Full model31/12/200914/06/201018/06/2010DutchPDF
Full model31/12/200815/06/200922/06/2009DutchPDF
Full model31/12/200716/06/200826/06/2008FrenchPDF
Full model31/12/200618/06/200704/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 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.

Board of directors

Source · NBB, accounts to 31/12/2025

27 active · 187 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Audrey Henry
Director17/06/2025 → 14/02/2026
Blanche De Pierpont
Director17/06/2025 → 17/06/2031
David Cordonnier
Chairman of the board of directors17/06/2025 → 17/06/2031Director17/12/2024 → 17/06/2025ended
Ernst et Young Reviseurs d'Entreprises0446.334.711
Registered auditor17/06/2025 → 20/06/2028.17/06/2019 → 17/06/2025endedMandate18/06/2013 → 17/06/2022ended
Floriane Bonnier
Director17/06/2025 → 17/06/2031
Hervé Doyen
Director17/06/2025 → 17/06/2031
Karine Lalieux
Director17/06/2019 → 14/02/2026Chairman of the board of directors17/06/2019 → 17/06/2025ended
Khalid Zian
Director17/06/2025 → 17/06/2031
Loes Salomez
Director17/06/2025 → 17/06/2031
Luca D'Argo
Vice-chairman of the board of directors17/06/2025 → 17/06/2031
Lucien Rigaux
Director17/06/2025 → 17/06/2031
Malika Mhadi
Director17/06/2025 → 17/06/2031
Matthieu Degrez
Director17/06/2025 → 17/06/2031
Nicole Bomele
Director17/06/2025 → 17/06/2031
Olivia Bodson
Director17/06/2025 → 17/06/2031
Olivia P'tito
Director17/06/2025 → 17/06/2031
Solange Pitroipa
Director17/06/2025 → 17/06/2031
Thibaud WYNGAARD
Director17/06/2025 → 17/06/2031Vice-chairman of the board of directors17/06/2019 → 17/06/2025ended
Tanguy Verheyen
Director18/03/2025 → 17/06/2031
Valérie Lowagie
Director18/03/2025 → 17/06/2031
Serge Janssen
Director18/02/2025 → 17/06/2031
Gudrun Willems
Director14/01/2025 → 17/06/2031
Ahmed Ouartassi
Director17/12/2024 → 17/06/2031
M'Hamed BENALLAL
Director19/10/2021 → 17/06/2031
Hassan CHEGDANI
Director05/05/2020 → 17/06/2031
Michaël LORIAUX
Director17/06/2019 → 17/06/2031
Thibault WAUTHIER
Director17/06/2019 → 17/06/2031

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Gloria Garcia Fernandez
Director18/02/2025 → 17/06/2025
Marie-Noëlle Stassart
Director18/02/2025 → 17/06/2025
Thomas Eraly
Director14/01/2025 → 17/06/2025
Debora Lorenzino
Director18/06/2024 → 17/06/2025

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates06/08/2026
    Ontslagen en statutaire benoemingen !
    PDF
  • Mandates06/08/2026
    DÉMISSIONS - NOMINATIONS STATUTAIRES
    PDF
  • Mandates17/07/2026
    Ontslagen en statutaire benoemingen
    PDF
  • Mandates17/07/2026
    DÉMISSIONS - NOMINATIONS STATUTAIRES
    PDF
  • Other10/07/2026
    VOLMACHTEN
    PDF
  • Other10/07/2026
    POUVOIRS
    PDF
  • Other18/06/2026
    DIVERSEN
    PDF
  • Other18/06/2026
    DIVERS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
Ernst et Young Reviseurs d'Entreprises
Loes Salomez
Matthieu Degrez
Olivia P'tito
Karine Lalieux
Hervé Doyen
Nicole Bomele
Luca D'Argo
Blanche De Pierpont
Malika Mhadi
David Cordonnier
Olivia Bodson
and 87 more mandates
19821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031
SIBELGA
Quai des Usines 16, 1000 Brussels
Registered auditor.
Director
Director
Director
DirectorChairman of the board of directors
Director
Director
Vice-chairman of the board of directors
Director
Director
Chairman of the board of directors
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Quai des Usines 16, 1000 BrusselsCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00296343

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
SIBELGACurrent
accounts 2006 → 2025
Accounts 2025 · 2026-00296343

Events

  1. 2025
    Annual accounts 202555 M €↑
  2. 13/11/2025
    nominationInne MERTENS · Algemeen directeur
  3. 13/11/2025
    nominationInne MERTENS · Directeur général
  4. 13/11/2025
    nominationDaphné BENZENNOU · Directeur
  5. 13/11/2025
    nominationLaurent COPPENS · Directeur
  6. 13/11/2025
    nominationGeert GOETHALS · Directeur
  7. 13/11/2025
    nominationRaphaël LEFERE · Directeur
  8. 13/11/2025
    nominationAlain PIRET · Directeur
  9. 13/11/2025
    nominationThomas RAES · Directeur
  10. 13/11/2025
    nominationKathy SCHADERON · Directeur
  11. 02/10/2025
    nominationBlanche de Pierpont · bestuurder
  12. 02/10/2025
    nominationBlanche de Pierpont · administratrice
  13. 17/06/2025
    reconductionSRL Ernst et Young Réviseurs d'Entreprises · Commissaire-réviseur
  14. 17/06/2025
    nominationDavid CORDONNIER · administrateur
  15. 17/06/2025
    nominationThomas ERALY · administrateur
  16. 17/06/2025
    nominationMarie-Noëlle STASSART · administratrice
  17. 17/06/2025
    nominationAhmed OUARTASSI · administrateur
  18. 17/06/2025
    nominationGudrun WILLEMS · administratrice
  19. 17/06/2025
    nominationGloria GARCIA FERNANDEZ · administratrice
  20. 17/06/2025
    nominationTanguy VERHEYEN · administrateur
  21. 17/06/2025
    nominationSerge JANSSEN · administrateur
  22. 17/06/2025
    nominationValérie LOWAGIE · administratrice
  23. 17/06/2025
    demissionAbdellah ACHAOUI · administrateur
  24. 17/06/2025
    nominationM'hamed BENALLAL · administrateur
  25. 17/06/2025
    nominationNicole BOMELE · administrateur
  26. 17/06/2025
    nominationLuca D'AGRO · administrateur
  27. 17/06/2025
    nominationKarine LALIEUX · administrateur
  28. 17/06/2025
    nominationFlorianne BONNIER · administrateur
  29. 17/06/2025
    nominationKhalid ZIAN · administrateur
  30. 17/06/2025
    nominationHervé DOYEN · administrateur
  31. 17/06/2025
    nominationMatthieu DEGREZ · administrateur
  32. 17/06/2025
    nominationYvan de BEAUFFORT · administrateur
  33. 17/06/2025
    nominationOlivia BODSON · administrateur
  34. 17/06/2025
    nominationDavid CORDONNIER · bestuurder
  35. 17/06/2025
    nominationThomas ERALY · bestuurder
  36. 17/06/2025
    nominationMarie-Noëlle STASSART · bestuurder
  37. 17/06/2025
    nominationAhmed OUARTASSI · bestuurder
  38. 17/06/2025
    nominationGudrun WILLEMS · bestuurder
  39. 17/06/2025
    nominationGloria GARCIA FERNANDEZ · bestuurder
  40. 17/06/2025
    nominationTanguy VERHEYEN · bestuurder
  41. 17/06/2025
    nominationSerge JANSSEN · bestuurder
  42. 17/06/2025
    nominationValérie LOWAGIE · bestuurder
  43. 17/06/2025
    nominationM'hamed BENALLAL · bestuurder
  44. 17/06/2025
    nominationNicole BOMELE · bestuurder
  45. 17/06/2025
    nominationLuca D'AGRO · bestuurder
  46. 17/06/2025
    nominationKarine LALIEUX · bestuurder
  47. 17/06/2025
    nominationFlorianne BONNIER · bestuurder
  48. 17/06/2025
    nominationKhalid ZIAN · bestuurder
  49. 17/06/2025
    nominationHervé DOYEN · bestuurder
  50. 17/06/2025
    nominationMalika MHADI · bestuurder
  51. 17/06/2025
    nominationMatthieu DEGREZ · bestuurder
  52. 17/06/2025
    nominationYvan de BEAUFFORT · bestuurder
  53. 17/06/2025
    nominationOlivia BODSON · bestuurder
  54. 18/03/2025
    nominationInne MERTENS · Directeur général
  55. 18/03/2025
    nominationDaphné BENZENNOU · Directeur
  56. 18/03/2025
    nominationLaurent COPPENS · Directeur
  57. 18/03/2025
    nominationGeert GOETHALS · Directeur
  58. 18/03/2025
    nominationRaphaël LEFERE · Directeur
  59. 18/03/2025
    nominationAlain PIRET · Directeur
  60. 18/03/2025
    nominationThomas RAES · Directeur
  61. 18/03/2025
    nominationKathy SCHADERON · Directeur
  62. 2024
    Annual accounts 202449,1 M €↓
  63. 18/06/2024
    nominationSuzanne RYVERS · bestuurder
  64. 18/06/2024
    nominationMaxime BAUDAUX · bestuurder
  65. 18/06/2024
    nominationDebora LORENZINO · bestuurder
  66. 18/06/2024
    nominationSuzanne RYVERS · administratrice
  67. 18/06/2024
    nominationMaxime BAUDAUX · administrateur
  68. 18/06/2024
    nominationDebora LORENZINO · administratrice
  69. 2023
    Annual accounts 202352,6 M €↑
  70. 10/10/2023
    nominationInne MERTENS · mandataris
  71. 10/10/2023
    nominationRaphaël LEFERE · mandataris
  72. 10/10/2023
    nominationHerbert CARRACILLO · mandataris
  73. 10/10/2023
    nominationLaurent COPPENS · mandataris
  74. 10/10/2023
    nominationCatherine GAUDISSART · mandataris
  75. 10/10/2023
    nominationAlain VANNERUM · mandataris
  76. 10/10/2023
    nominationAlain PIRET · mandataris
  77. 10/10/2023
    nominationKathy SCHADERON · mandataris
  78. 10/10/2023
    nominationSébastien DELBARY · mandataris
  79. 10/10/2023
    nominationQuentin PEIFFER · mandataris
  80. 10/10/2023
    nominationAlexandra MARLIER · mandataris
  81. 10/10/2023
    nominationCécile VAN CLAPDURP · mandataris
  82. 10/10/2023
    nominationInne MERTENS · mandataire
  83. 10/10/2023
    nominationRaphaël LEFERE · mandataire
  84. 10/10/2023
    nominationHerbert CARRACILLO · mandataire
  85. 10/10/2023
    nominationLaurent COPPENS · mandataire
  86. 10/10/2023
    nominationCatherine GAUDISSART · mandataire
  87. 10/10/2023
    nominationAlain VANNERUM · mandataire
  88. 10/10/2023
    nominationAlain PIRET · mandataire
  89. 10/10/2023
    nominationKathy SCHADERON · mandataire
  90. 10/10/2023
    nominationSébastien DELBARY · mandataire
  91. 10/10/2023
    nominationQuentin PEIFFER · mandataire
  92. 10/10/2023
    nominationAlexandra MARLIER · mandataire
  93. 10/10/2023
    nominationCécile VAN CLAPDURP · mandataire
  94. 20/06/2023
    nominationMichel COHEN · bestuurder
  95. 20/06/2023
    nominationChristophe KURT · bestuurder
  96. 20/06/2023
    nominationMichel COHEN · administrateur
  97. 20/06/2023
    nominationChristophe KURT · administrateur
  98. 2022
    Annual accounts 202242,3 M €↑
  99. 21/06/2022
    nominationAnas BEN ABDELMOUMEN · bestuurder
  100. 21/06/2022
    nominationM'Hamed BENALLAL · bestuurder
  101. 21/06/2022
    nominationStéphanie PAULISSEN · bestuurder
  102. 21/06/2022
    nominationAnas BEN ABDELMOUMEN · administrateur
  103. 21/06/2022
    nominationM'Hamed BENALLAL · administrateur
  104. 21/06/2022
    nominationStéphanie PAULISSEN · administratrice, membre du Comité directeur et Présidente du Conseil d'administration
  105. 21/06/2022
    nominationERNST & YOUNG · Commissaire-réviseur
  106. 2021
    Annual accounts 202139,4 M €↓
  107. 2020
    Annual accounts 202040 M €↓
  108. 2019
    Annual accounts 201942,7 M €↑
  109. 2018
    Annual accounts 201842,7 M €↑
  110. 2017
    Annual accounts 201742,4 M €↑
  111. 2016
    Annual accounts 201625 M €↓
  112. 2015
    Annual accounts 201527,8 M €↓
  113. 2014
    Annual accounts 201437,4 M €↓
  114. 2013
    Annual accounts 201364,9 M €↓
  115. 2012
    Annual accounts 201287,3 M €↑
  116. 2011
    Annual accounts 201166,6 M €↑
  117. 2010
    Annual accounts 201057,9 M €↑
  118. 2009
    Annual accounts 200943,1 M €↓
  119. 2008
    Annual accounts 200857,4 M €↓
  120. 2007
    Annual accounts 2007103,3 M €↓
  121. 2006
    Annual accounts 2006107 M €
  122. 29/06/1982
    IncorporationCooperative society governed by public law