ACTIVE

ELECTRABEL

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Financial year 2025 · closed on 31/12/2025
Net result
5,0 Md €
-36.3% YoY
Revenue
13,1 Md €
+18.7% YoY
Equity
10,2 Md €
-34.7% YoY
Workforce
4 261,0 ETP
-1.5% YoY

What does ELECTRABEL do?

ELECTRABEL is a Public limited company incorporated in 1905. Its main activity is: Production of electricity. Its registered office is in Bruxelles. It employs on average 4 261,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0403.170.701
Incorporation
08/08/1905
Legal form
Public limited company
Registered office
Boulevard Simon Bolivar 36
1000 Bruxelles · BruxellesSee on map
Contributed capital
4 629 737 943,92 €
Latest accounts
31/12/2025
Average workforce
4 261,0 ETP
Activities (NACE)
35110Production of electricity· main35110Production of electricity40110Production d'électricité
Joint committees (1)
  • 326
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Revenue13,1 Md €11,0 Md €15,1 Md €21,9 Md €12,5 Md €10,9 Md €10,6 Md €11,1 Md €11,4 Md €11,9 Md €10,6 Md €12,4 Md €12,5 Md €13,8 Md €14,5 Md €14,8 Md €14,1 Md €
EBITDA1,7 Md €2,2 Md €-2,4 Md €-2,0 Md €1,2 Md €230,5 M €-1,8 Md €-1,2 Md €-605,7 M €-682,2 M €71,1 M €579,7 M €656,5 M €900,7 M €1,4 Md €1,2 Md €1,3 Md €
Operating result1,2 Md €1,7 Md €-2,7 Md €-2,4 Md €758,8 M €-143,9 M €-2,1 Md €-1,5 Md €-857,2 M €-922,8 M €-93,4 M €380,4 M €422,3 M €645,2 M €1,1 Md €1,0 Md €1,1 Md €
Net result5,0 Md €7,9 Md €-2,2 Md €-98,5 M €1,9 Md €-2,0 Md €766,3 M €-417,2 M €-290,5 M €-1,2 Md €-1,4 Md €1,1 Md €-905,8 M €-105,7 M €1,2 Md €783,2 M €1,4 Md €
Balance sheet
Equity10,2 Md €15,6 Md €14,0 Md €16,2 Md €16,3 Md €15,6 Md €18,3 Md €17,6 Md €18,0 Md €19,9 Md €21,1 Md €22,4 Md €21,3 Md €22,2 Md €18,8 Md €16,5 Md €13,6 Md €
Total assets20,5 Md €52,1 Md €46,5 Md €50,8 Md €47,6 Md €41,9 Md €50,9 Md €48,6 Md €52,3 Md €52,1 Md €50,4 Md €51,8 Md €52,1 Md €56,5 Md €46,2 Md €47,7 Md €45,5 Md €
Cash30,7 M €15,2 M €149,9 M €16,5 M €9,8 M €9,6 M €9,9 M €13,3 M €17,7 M €13,0 M €17,7 M €17,4 M €19,6 M €27,8 M €38,9 M €423,9 M €324,9 M €
Debts8,0 Md €29,0 Md €25,2 Md €31,1 Md €29,1 Md €24,2 Md €30,4 Md €28,8 Md €32,0 Md €29,1 Md €27,8 Md €27,9 Md €29,1 Md €33,1 Md €26,2 Md €29,9 Md €30,5 Md €
Other
Workforce4 261,0 ETP4 324,6 ETP4 303,9 ETP4 368,2 ETP4 544,6 ETP4 659,3 ETP4 668,8 ETP4 655,1 ETP4 694,3 ETP4 771,3 ETP4 871,5 ETP5 265,6 ETP5 477,1 ETP5 718,6 ETP5 900,7 ETP6 111,2 ETP6 359,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 14 active · 132 ended

Active mandates

Audrey ROBAT

Mandate

Active
Audrey ROBAT

Director

Active
Cedric Osterrieth

Director

Active
Cedric Osterrieth

Managing director

Active
Mireille Van Staeyen

Director

Active
Nisocafran

Director · 0707.985.182

Represented by Etienne Denoël

Active
Nisocafran

Director · 0707.985.182

Represented by Etienne Denoël

Active
Paulo Almirante

Director

Active
Pierre-François Riolacci

Director

Active
Sandra Roche Vu-Quang

Director

Active
Thierry Saegeman

Director

Active
THIJS JOHNNY

Chairman of the board of directors · 0470.622.224

Represented by Johnny Thijs

Active
THIJS JOHNNY

Chairman of the board of directors · 0470.622.224

Represented by Johnny Thijs

Active
Vincent Verbeke

Director

Active

Ended mandates

Mireille Van Staeyen

Director · since 01 mars 2024 · until 27 avril 2027

Ended
Sandra Roche Vu-Quang

Director · since 01 mars 2024 · until 27 avril 2027

Ended
Vincent Verbeke

Director · since 01 mars 2024 · until 23 avril 2024

Ended
Cédric Osterrieth

Managing director · since 01 janvier 2024 · until 23 avril 2024

Ended
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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 date08/06/202615/05/202515/05/202422/05/202329/04/202221/05/2021
General meeting28/04/202622/04/202523/04/202425/04/202326/04/202227/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

162 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full modelCorrection31/12/202528/04/202608/06/2026DutchPDF
Full model31/12/202528/04/202621/05/2026FrenchPDF
Full model31/12/202528/04/202621/05/2026DutchPDF
Full model31/12/202422/04/202512/08/2025EnglishPDF
Full model31/12/202422/04/202515/05/2025DutchPDF
Full model31/12/202422/04/202515/05/2025FrenchPDF
Full modelCorrection31/12/202323/04/202422/10/2024EnglishPDF
Full model31/12/202323/04/202416/05/2024EnglishPDF
Full model31/12/202323/04/202415/05/2024FrenchPDF
Full model31/12/202323/04/202415/05/2024DutchPDF
Full model31/12/202225/04/202309/06/2023EnglishPDF
Full model31/12/202225/04/202322/05/2023DutchPDF
Full model31/12/202225/04/202322/05/2023FrenchPDF
Full model31/12/202126/04/202215/06/2022EnglishPDF
Full model31/12/202126/04/202229/04/2022DutchPDF
Full model31/12/202126/04/202229/04/2022FrenchPDF
Full model31/12/202027/04/202121/05/2021EnglishPDF
Full model31/12/202027/04/202121/05/2021DutchPDF
Full model31/12/202027/04/202121/05/2021FrenchPDF
Full model31/12/201928/04/202012/06/2020EnglishPDF
Full model31/12/201928/04/202025/05/2020DutchPDF
Full model31/12/201928/04/202025/05/2020FrenchPDF
Full model31/12/201823/04/201927/05/2019EnglishPDF
Full model31/12/201823/04/201916/05/2019FrenchPDF

View all 162 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 14 active · 132 ended

Active mandates

Audrey ROBAT

Mandate

Active
Audrey ROBAT

Director

Active
Cedric Osterrieth

Director

Active
Cedric Osterrieth

Managing director

Active
Mireille Van Staeyen

Director

Active
Nisocafran

Director · 0707.985.182

Represented by Etienne Denoël

Active
Nisocafran

Director · 0707.985.182

Represented by Etienne Denoël

Active
Paulo Almirante

Director

Active
Pierre-François Riolacci

Director

Active
Sandra Roche Vu-Quang

Director

Active
Thierry Saegeman

Director

Active
THIJS JOHNNY

Chairman of the board of directors · 0470.622.224

Represented by Johnny Thijs

Active
THIJS JOHNNY

Chairman of the board of directors · 0470.622.224

Represented by Johnny Thijs

Active
Vincent Verbeke

Director

Active

Ended mandates

Mireille Van Staeyen

Director · since 01 mars 2024 · until 27 avril 2027

Ended
Sandra Roche Vu-Quang

Director · since 01 mars 2024 · until 27 avril 2027

Ended
Vincent Verbeke

Director · since 01 mars 2024 · until 23 avril 2024

Ended
Cédric Osterrieth

Managing director · since 01 janvier 2024 · until 23 avril 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/05/2026
    DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/05/2026
    DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Other07/04/2026
    DIVERS
    PDF
  • Other07/04/2026
    DIVERSEN
    PDF
  • Other06/03/2026
    DIVERSEN
    PDF
  • Other06/03/2026
    DIVERS
    PDF
  • Restructuring27/11/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring27/11/2025
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    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. 28/04/2026
    reconductionBV Thijs Johnny
  2. 28/04/2026
    reconductionJohnny Thijs — Voorzitter
  3. 28/04/2026
    nominationDELOITTE Bedrijfsrevisoren BV — Commissaris
  4. 28/04/2026
    reconductionBV THIJS Johnny — administrateur
  5. 28/04/2026
    reconductionJohnny Thijs — Président
  6. 28/04/2026
    nominationDELOITTE SRL Réviseurs d’entreprises — commissaire
  7. 2025
    Annual accounts 20255,0 Md €↓
  8. 01/09/2025
    split
  9. 01/09/2025
    apportENGIE
  10. 01/09/2025
    reduction_capital
  11. 13/06/2025
    nominationAudrey ROBAT — bestuursmandaat
  12. 13/06/2025
    nominationMarc FRANCHIMONT — Chief Financial Officer
  13. 13/06/2025
    nominationAudrey ROBAT — administrateur
  14. 2024
    Annual accounts 20247,9 Md €↑
  15. 01/03/2024
    nominationVincent VERBEKE — bestuurder
  16. 01/03/2024
    nominationMireille VAN STAEYEN — bestuurder
  17. 01/03/2024
    nominationSandra ROCHE VU QUANG — bestuurder
  18. 01/03/2024
    nominationFrançois GRAUX — Secretaris Generaal/Secretaris van de Raad van bestuur
  19. 01/03/2024
    nominationVincent VERBEKE — administrateur
  20. 01/03/2024
    nominationMireille VAN STAEYEN — administrateur
  21. 01/03/2024
    nominationSandra ROCHE VU QUANG — administrateur
  22. 01/03/2024
    nominationFrançois GRAUX — Secrétaire Général/Secrétaire du Conseil
  23. 01/01/2024
    nominationCedric OSTERRIETH — Gedelegeerd Bestuurder (CEO)
  24. 01/01/2024
    nominationCedric OSTERRIETH — administrateur délégué (CEO)
  25. 2023
    Annual accounts 2023-2,2 Md €↓
  26. 2022
    Annual accounts 2022-98,5 M €↓
  27. 2021
    Annual accounts 20211,9 Md €↑
  28. 2020
    Annual accounts 2020-2,0 Md €↓
  29. 2019
    Annual accounts 2019766,3 M €↑
  30. 2018
    Annual accounts 2018-417,2 M €↓
  31. 2017
    Annual accounts 2017-290,5 M €↑
  32. 2016
    Annual accounts 2016-1,2 Md €↑
  33. 2015
    Annual accounts 2015-1,4 Md €↓
  34. 2014
    Annual accounts 20141,1 Md €↑
  35. 2013
    Annual accounts 2013-905,8 M €↓
  36. 2012
    Annual accounts 2012-105,7 M €↓
  37. 2011
    Annual accounts 20111,2 Md €↑
  38. 2010
    Annual accounts 2010783,2 M €↓
  39. 2009
    Annual accounts 20091,4 Md €
  40. 08/08/1905
    IncorporationPublic limited company