ACTIVE

ELECTRABEL GREEN PROJECTS FLANDERS

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Financial year 2025 · closed on 31/12/2025
Net result
-881,2 k €
-142.5% YoY
Revenue
4,4 M €
-10.9% YoY
Equity
15,4 M €
-5.6% YoY

What does ELECTRABEL GREEN PROJECTS FLANDERS do?

ELECTRABEL GREEN PROJECTS FLANDERS is a Public limited company incorporated in 1999. Its main activity is: Production of electricity. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0465.399.763
Incorporation
05/02/1999
Legal form
Public limited company
Registered office
Boulevard Simon Bolivar 36
1000 Bruxelles · BruxellesSee on map
Contributed capital
13 820 489,26 €
Latest accounts
31/12/2025
Activities (NACE)
35110Production of electricity· main35110Production of electricity40110Production d'électricité
Contacts
1 public detail availableLog in to view
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820162015201420132012201120102009
Income statement
Revenue4,4 M €5,0 M €10,6 M €5,3 M €6,6 M €10,8 M €11,1 M €11,5 M €4,1 M €4,1 M €3,8 M €4,1 M €4,8 M €4,8 M €4,4 M €4,8 M €
EBITDA1,6 M €2,4 M €8,1 M €4,7 M €4,5 M €7,0 M €5,2 M €6,6 M €3,1 M €3,2 M €3,1 M €3,4 M €3,7 M €4,3 M €3,7 M €4,3 M €
Operating result-934,8 k €-459,0 k €5,2 M €264,5 k €212,6 k €3,8 M €1,4 M €2,4 M €1,9 M €2,0 M €1,9 M €2,2 M €2,4 M €3,1 M €2,5 M €3,0 M €
Net result-881,2 k €-363,4 k €3,9 M €49,5 k €-144,4 k €2,5 M €783,3 k €1,7 M €4,4 M €3,2 M €1,8 M €1,8 M €2,3 M €2,4 M €2,2 M €3,4 M €
Balance sheet
Equity15,4 M €16,3 M €18,0 M €15,4 M €15,4 M €17,4 M €18,5 M €22,2 M €12,1 M €12,0 M €11,9 M €12,0 M €13,3 M €12,4 M €11,9 M €11,6 M €
Total assets18,6 M €19,5 M €24,2 M €25,3 M €28,4 M €35,1 M €40,0 M €48,5 M €24,3 M €24,8 M €25,5 M €28,6 M €30,9 M €31,6 M €34,0 M €36,2 M €
Cash––––––2,0 M €2,2 M €3,7 M €3,2 M €2,2 M €3,1 M €2,8 M €759,4 k €7,1 M €2,0 M €
Debts1,1 M €932,5 k €4,1 M €7,9 M €11,1 M €15,7 M €19,4 M €23,3 M €11,6 M €12,3 M €13,2 M €16,3 M €17,3 M €18,9 M €22,0 M €24,5 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 11 active · 102 ended

Active mandates

Geert Dhooghe

Director · since 18 novembre 2025 · until 16 juin 2026

Active
Ann Naessens

Director · since 17 juin 2025 · until 18 novembre 2025

Active
Christophe De Waele

Director · since 17 juin 2025 · until 19 juin 2029

Active
Christophe Lamoureux

Director · since 17 juin 2025 · until 19 juin 2029

Active
Harold Vanheel

Director · since 17 juin 2025 · until 19 juin 2029

Active
Lionel Matthysen

Director · since 17 juin 2025 · until 19 juin 2029

Active
Luc Van Hove

Director · since 17 juin 2025 · until 19 juin 2029

Active
Nicolas Van den Abeele

Chairman of the board of directors · since 17 juin 2025 · until 19 juin 2029

Active
Rik Soens

Vice-chairman of the board of directors · since 17 juin 2025 · until 19 juin 2029

Active
Siegried Vanhevel

Director · since 17 juin 2025 · until 19 juin 2029

Active
Tom Bollaert

Director · since 17 juin 2025 · until 19 juin 2029

Active

Ended mandates

Siegried Vanhevel

Director · since 31 mai 2024 · until 17 juin 2025

Ended
Christophe Lamoureux

Director · since 21 novembre 2023 · until 16 juin 2025

Ended
Christophe Lamoureux

Director · since 21 novembre 2023 · until 17 juin 2025

Ended
Nicolas Van den Abeele

Chairman of the board of directors · since 14 mars 2023 · until 16 juin 2025

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 date22/06/202623/06/202520/06/202430/05/202327/06/202201/07/2021
General meeting16/06/202617/06/202518/06/202430/05/202320/06/202221/06/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202516/06/202622/06/2026DutchPDF
Full model31/12/202417/06/202523/06/2025DutchPDF
Full model31/12/202318/06/202420/06/2024DutchPDF
Full model31/12/202230/05/202330/05/2023DutchPDF
Full model31/12/202120/06/202227/06/2022DutchPDF
Full model31/12/202021/06/202101/07/2021DutchPDF
Full model31/12/201915/06/202019/06/2020DutchPDF
Full model31/12/201817/06/201904/07/2019DutchPDF
Full model31/12/201718/06/201817/07/2018DutchPDF
Full model31/12/201619/06/201704/07/2017DutchPDF
Full model31/12/201520/06/201622/06/2016DutchPDF
Full model31/12/201415/06/201524/06/2015DutchPDF
Full model31/12/201316/06/201418/06/2014DutchPDF
Full model31/12/201217/06/201320/06/2013DutchPDF
Full model31/12/201118/06/201221/06/2012DutchPDF
Full model31/12/201020/06/201124/06/2011DutchPDF
Full model31/12/200921/06/201024/06/2010DutchPDF
Full model31/12/200815/06/200913/07/2009DutchPDF
Full model31/12/200716/06/200827/06/2008DutchPDF
Full model31/12/200618/06/200725/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 11 active · 102 ended

Active mandates

Geert Dhooghe

Director · since 18 novembre 2025 · until 16 juin 2026

Active
Ann Naessens

Director · since 17 juin 2025 · until 18 novembre 2025

Active
Christophe De Waele

Director · since 17 juin 2025 · until 19 juin 2029

Active
Christophe Lamoureux

Director · since 17 juin 2025 · until 19 juin 2029

Active
Harold Vanheel

Director · since 17 juin 2025 · until 19 juin 2029

Active
Lionel Matthysen

Director · since 17 juin 2025 · until 19 juin 2029

Active
Luc Van Hove

Director · since 17 juin 2025 · until 19 juin 2029

Active
Nicolas Van den Abeele

Chairman of the board of directors · since 17 juin 2025 · until 19 juin 2029

Active
Rik Soens

Vice-chairman of the board of directors · since 17 juin 2025 · until 19 juin 2029

Active
Siegried Vanhevel

Director · since 17 juin 2025 · until 19 juin 2029

Active
Tom Bollaert

Director · since 17 juin 2025 · until 19 juin 2029

Active

Ended mandates

Siegried Vanhevel

Director · since 31 mai 2024 · until 17 juin 2025

Ended
Christophe Lamoureux

Director · since 21 novembre 2023 · until 16 juin 2025

Ended
Christophe Lamoureux

Director · since 21 novembre 2023 · until 17 juin 2025

Ended
Nicolas Van den Abeele

Chairman of the board of directors · since 14 mars 2023 · until 16 juin 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/01/2026
    DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/08/2024
    DIVERSEN
    PDF
  • Mandates02/08/2024
    DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/07/2023
    DIVERSEN
    PDF
  • Other05/07/2023
    DIVERSEN
    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. 2025
    Annual accounts 2025-881,2 k €↓
  2. 18/11/2025
    nominationGeert Dhooghe — bestuurder
  3. 16/06/2025
    reconductionRik Soens — Raad van Bestuur
  4. 16/06/2025
    reconductionLuc Van Hove — Raad van Bestuur
  5. 16/06/2025
    reconductionHarold Vanheel — Raad van Bestuur
  6. 16/06/2025
    reconductionChristophe Lamoureux — Raad van Bestuur
  7. 16/06/2025
    reconductionLionel Matthysen — Raad van Bestuur
  8. 16/06/2025
    reconductionNicolas Van de Abeele — Raad van Bestuur
  9. 16/06/2025
    reconductionSiegfried Vanhevel — Raad van Bestuur
  10. 16/06/2025
    reconductionChristophe De Waele — Raad van Bestuur
  11. 16/06/2025
    reconductionTom Bollaert — Raad van Bestuur
  12. 16/06/2025
    reconductionAnn Naessens — Raad van Bestuur
  13. 01/01/2025
    nominationJo Van Baelen — vaste vertegenwoordiger van de commissaris
  14. 2024
    Annual accounts 2024-363,4 k €↓
  15. 19/11/2024
    nominationSiegfried Vanhevel — bestuurder
  16. 2023
    Annual accounts 20233,9 M €↑
  17. 21/11/2023
    nominationChristophe Lamoureux — bestuurder
  18. 14/03/2023
    nominationNicolas Van den Abeele — bestuurder en Voorzitter
  19. 2022
    Annual accounts 202249,5 k €↑
  20. 2021
    Annual accounts 2021-144,4 k €↓
  21. 2021
    Name changeEGPF
  22. 2020
    Annual accounts 20202,5 M €↑
  23. 2019
    Annual accounts 2019783,3 k €↓
  24. 2018
    Annual accounts 20181,7 M €↓
  25. 2016
    Annual accounts 20164,4 M €↑
  26. 2015
    Annual accounts 20153,2 M €↑
  27. 2014
    Annual accounts 20141,8 M €↓
  28. 2013
    Annual accounts 20131,8 M €↓
  29. 2012
    Annual accounts 20122,3 M €↓
  30. 2011
    Annual accounts 20112,4 M €↑
  31. 2010
    Annual accounts 20102,2 M €↓
  32. 2009
    Annual accounts 20093,4 M €
  33. 2009
    Name changeElectrabel Green Projects Flanders
  34. 05/02/1999
    IncorporationPublic limited company