ACTIVE

ELECTRABEL

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Financial year 2025 · Closed on 31/12/2025

Net result5 Md €-36,3 %over 1 year
Revenue13,1 Md €+18,7 %over 1 year
Equity10,2 Md €-34,7 %over 1 year
Workforce4 261,0 ETP-1,5 %over 1 year

Identity

Source · BCE/KBO

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
Joint committees (1)
  • 326
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 162 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue13,1 Md €11 Md €15,1 Md €21,9 Md €12,5 Md €
EBITDA1,7 Md €2,2 Md €-2,4 Md €-2 Md €1,2 Md €
Operating result1,2 Md €1,7 Md €-2,7 Md €-2,4 Md €758,8 M €
Net result5 Md €7,9 Md €-2,2 Md €-98,5 M €1,9 Md €
Balance sheet
Equity10,2 Md €15,6 Md €14 Md €16,2 Md €16,3 Md €
Total assets20,5 Md €52,1 Md €46,5 Md €50,8 Md €47,6 Md €
Cash30,7 M €15,2 M €149,9 M €16,5 M €9,8 M €
Debts8 Md €29 Md €25,2 Md €31,1 Md €29,1 Md €
Other
Workforce4 261,0 ETP4 324,6 ETP4 303,9 ETP4 368,2 ETP4 544,6 ETP

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

10 active · 38 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Mireille Van Staeyen
Directorsince 01/03/2024
Sandra Roche Vu-Quang
Directorsince 01/03/2024
Vincent Verbeke
Directorsince 01/03/2024
Cédric Osterrieth
Managing directorsince 01/01/2024Directorsince 03/10/2019
Nisocafran0707.985.182Represented by Etienne Denoël
Directorsince 03/10/2019
Pierre-François Riolacci
Directorsince 01/02/2022
THIJS JOHNNY0470.622.224Represented by Johnny Thijs
Chairman of the board of directorssince 03/10/2019
Thierry Saegeman
Directorsince 03/10/2019Managing director01/05/2021 → 2023 accountsended
Paulo Almirante
Directorsince 03/10/2019
Audrey ROBAT
MandateDirector

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Patrick van der Beken
Director25/04/2023 → 2023 accounts
Sébastien Arbola
Director25/04/2023 → 2023 accounts
Philippe Van Troeye
Director01/05/2021 → 2023 accounts

Other companies at this address

Boulevard Simon Bolivar 36 1000 Bruxelles
CompanyCBE no.
BELGIAN NUCLEAR LIABILITIES FUND● Active
0760.370.429
BELGONUCLEAIRE● Active
0403.126.258
BELUX INNOVATION HOLDING● Active
0664.799.495
BLOMHOF● Active
0405.671.420
Cercle des Ex-Tra asbl● Active
0725.783.296
CoGreen● Active
0525.640.426
Conquest4Wind P5● Active
0697.691.997
ELECTRABEL GREEN PROJECTS FLANDERS● Active
0465.399.763
ELECTRABEL SEANERGY● Active
0479.612.837
Electric Mobility Infrastructure Belgium● Active
1027.867.824
ENERGY ASSISTANCE● Active
0475.635.144
ENGIE ENERGY MANAGEMENT● Active
0831.958.211
ENGIE ENERGY SERVICES INTERNATIONAL● Active
0403.108.145
ENGIE Global Business Support● Active
0505.619.626
Engie Impact Belgium● Active
0724.730.649
ENGIE MANAGEMENT COMPANY BELGIUM● Active
0825.952.921
ENGIE PILLAR 2 - BELGIQUE● Active
1014.115.204
GREENSKY● Active
0817.203.422
GROEN COMPAGNIE VERTE● Active
0687.519.370
INTERNATIONAL POWER● Active
0403.203.264

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 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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 162 filings
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

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

10 active · 38 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Mireille Van Staeyen
Directorsince 01/03/2024
Sandra Roche Vu-Quang
Directorsince 01/03/2024
Vincent Verbeke
Directorsince 01/03/2024
Cédric Osterrieth
Managing directorsince 01/01/2024Directorsince 03/10/2019
Nisocafran0707.985.182Represented by Etienne Denoël
Directorsince 03/10/2019
Pierre-François Riolacci
Directorsince 01/02/2022
THIJS JOHNNY0470.622.224Represented by Johnny Thijs
Chairman of the board of directorssince 03/10/2019
Thierry Saegeman
Directorsince 03/10/2019Managing director01/05/2021 → 2023 accountsended
Paulo Almirante
Directorsince 03/10/2019
Audrey ROBAT
MandateDirector

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Patrick van der Beken
Director25/04/2023 → 2023 accounts
Sébastien Arbola
Director25/04/2023 → 2023 accounts
Philippe Van Troeye
Director01/05/2021 → 2023 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates31/07/2026
    DEMISSIONS, NOMINATIONS, DIVERS
    PDF
  • Mandates31/07/2026
    DEMISSIONS, NOMINATIONS, DIVERS
    PDF
  • Mandates06/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/05/2026
    DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/05/2026
    DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Other07/04/2026
    DIVERS
    PDF
  • Other07/04/2026
    DIVERSEN
    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
Incorporation1905
Name
Registered office
Annual accounts
Filings17 filings
Mandates
THIJS JOHNNY
Nisocafran
Audrey ROBAT
Sandra Roche Vu-Quang
Paulo Almirante
Mireille Van Staeyen
Vincent Verbeke
Cedric Osterrieth
Thierry Saegeman
Pierre-François Riolacci
Sébastien Arbola
Patrick van der Beken
1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
ELECTRABEL
Boulevard Simon Bolivar 36, 1000 Brussels
Chairman of the board of directors
Director
Director
Director
Director
Director
Director
Managing directorDirector
DirectorManaging director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Boulevard Simon Bolivar 36, 1000 BrusselsCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00163354
Simon Bolivarlaan -Boulevard Simon Bolivar 34, 1000 Brussels
accounts 2021
Accounts 2021 · 2022-20016346

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
ELECTRABELCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00163354

Events

  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 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 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