ACTIVE

EFIN

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Financial year 2025 · closed on 31/12/2025

Net result

18,9 M €

+4.4% YoY

Revenue

645,5 k €

-2.2% YoY

Equity

308,4 M €

+2.9% YoY

Workforce

1,5 ETP

0.0% YoY

What does EFIN do?

EFIN is a Private limited company incorporated in 2000. Its main activity is: Production of electricity. Its registered office is in Torhout. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.244.597

Incorporation

30/06/2000

Legal form

Private limited company

Registered office

Noordlaan 9
8820 Torhout · FlandreSee on map

Contributed capital

242 294 753,22 €

Latest accounts

31/12/2025

Average workforce

1,5 ETP

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 64200Activities of holding companies 64210Activities of holding companies 35110Production of electricity 35110Production of electricity+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	645,5 k €	-2.2%	659,8 k €	-40.4%	1,1 M €	+165%	418,0 k €	-10.8%	468,5 k €	+17.3%	399,3 k €	+129%	174,6 k €	-20.9%	220,7 k €	+98.7%	111,1 k €		–		–		–		–		–		–		–		–		–
EBITDA	-1,6 M €	-26.9%	-1,2 M €	+12.5%	-1,4 M €	-268%	-381,2 k €	+17.5%	-462,1 k €	-15.7%	-399,2 k €	-18.0%	-338,3 k €	-71.7%	-197,0 k €	-184%	-69,3 k €	+37.9%	-111,5 k €	-30.1%	-85,7 k €	-18.7%	-72,2 k €	-11.0%	-65,1 k €	-3.4%	-62,9 k €	-2.8%	-61,2 k €	+11.9%	-69,5 k €	-18.1%	-58,8 k €	+0.3%	-59,0 k €
Operating result	-1,6 M €	-26.9%	-1,2 M €	+12.5%	-1,4 M €	-257%	-394,3 k €	+17.1%	-475,9 k €	-15.3%	-412,8 k €	-17.5%	-351,2 k €	-67.4%	-209,8 k €	-193%	-71,6 k €	+35.7%	-111,5 k €	-30.1%	-85,7 k €	-18.7%	-72,2 k €	-11.0%	-65,1 k €	-3.4%	-62,9 k €	-2.8%	-61,2 k €	+11.9%	-69,5 k €	-18.1%	-58,8 k €	+0.3%	-59,0 k €
Net result	18,9 M €	+4.4%	18,1 M €	+91.5%	9,5 M €	+10.4%	8,6 M €	-13.5%	9,9 M €	+17.5%	8,4 M €	+7.1%	7,9 M €	+53.9%	5,1 M €	+127%	-19,3 M €	-553%	4,3 M €	+114%	-30,1 M €	-506%	7,4 M €	-4.6%	7,8 M €	+30.4%	6,0 M €	-92.7%	82,1 M €	+541%	12,8 M €	+424%	2,4 M €	+82.5%	1,3 M €
Balance sheet
Equity	308,4 M €	+2.9%	299,7 M €	+28.0%	234,2 M €	+0.2%	233,9 M €	+0.9%	231,8 M €	+1.6%	228,2 M €	-0.8%	230,0 M €	+0.8%	228,3 M €	-0.4%	229,1 M €	-10.8%	256,9 M €	-1.2%	260,2 M €	-13.8%	301,8 M €	+0.3%	300,9 M €	+1.3%	297,1 M €	+0.7%	295,1 M €	+36.3%	216,5 M €	+25.7%	172,2 M €	-0.0%	172,3 M €
Total assets	310,9 M €	+2.9%	302,1 M €	+27.8%	236,3 M €	+0.4%	235,5 M €	+0.9%	233,4 M €	+1.6%	229,6 M €	-0.7%	231,3 M €	+0.8%	229,5 M €	-0.6%	230,8 M €	-10.5%	257,8 M €	-1.2%	260,9 M €	-14.5%	305,1 M €	+1.1%	301,6 M €	+1.2%	298,1 M €	+0.8%	295,6 M €	+36.0%	217,4 M €	+9.9%	197,8 M €	-1.0%	199,8 M €
Cash	65,7 k €	-56.4%	150,9 k €	+21.9%	123,7 k €	-91.2%	1,4 M €	-76.6%	6,0 M €	+71.9%	3,5 M €	+628%	478,4 k €	+83.2%	261,2 k €	-61.8%	684,6 k €	-93.3%	10,2 M €	+0.1%	10,2 M €	+8883%	113,3 k €	+21.9%	92,9 k €	-67.0%	281,2 k €	+381%	58,4 k €	-82.8%	339,7 k €	+2589%	12,6 k €	-94.9%	246,6 k €
Debts	2,4 M €	+5.4%	2,3 M €	+15.1%	2,0 M €	+25.5%	1,6 M €	+3.0%	1,6 M €	+13.3%	1,4 M €	+8.0%	1,3 M €	+2.6%	1,2 M €	-25.4%	1,7 M €	+96.4%	846,3 k €	+12.8%	750,0 k €	-77.0%	3,3 M €	+332%	753,7 k €	-24.6%	1,0 M €	+100%	500,0 k €	-42.9%	875,0 k €	-96.6%	25,6 M €	-7.2%	27,5 M €
Other
Workforce	1,5 ETP	0.0%	1,5 ETP	-34.8%	2,3 ETP	+53.3%	1,5 ETP	-11.8%	1,7 ETP	-5.6%	1,8 ETP	+28.6%	1,4 ETP	+7.7%	1,3 ETP	+117%	0,6 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 25 active · 86 ended

Active mandates

Filip Buyse

Director · since 27 mai 2025 · until 27 mai 2031

Active

Johan Vermaut

Director · since 27 mai 2025 · until 27 mai 2031

Active

Joost Cuvelier

Director · since 27 mai 2025 · until 27 mai 2031

Active

Kathleen Duchi

Director · since 27 mai 2025 · until 27 mai 2031

Active

Kristien Hollevoet

Director · since 27 mai 2025 · until 27 mai 2031

Active

Kristof Pillaert

Director · since 27 mai 2025 · until 27 mai 2031

Active

Tom Hens

Director · since 27 mai 2025 · until 27 mai 2031

Active

Wally Corneillie

Director · since 27 mai 2025 · until 27 mai 2031

Active

Wim Dedecker

Director · since 27 mai 2025 · until 27 mai 2031

Active

David De Brabant

Directeur · since 05 juin 2023

Active

Diderik PATTYN

Director · since 28 mars 2023 · until 27 mai 2025

Active

Ann VANDENBROELE

Director · since 04 juin 2019 · until 27 mai 2025

Active

Claudia COUDEVILLE

Director · since 04 juin 2019 · until 27 mai 2025

Active

Dirk DAUWE

Director · since 04 juin 2019 · until 27 mai 2025

Active

Geert DESSEIN

Director · since 04 juin 2019 · until 27 mai 2025

Active

Gilles BULTINCK

Director · since 04 juin 2019 · until 27 mai 2025

Active

Inge BOSSUYT

Director · since 04 juin 2019 · until 27 mai 2025

Active

Jens BALLIÈRE

Director · since 04 juin 2019 · until 27 mai 2031

Active

Kevin DEFIEUW

Chairman of the board of directors · since 04 juin 2019 · until 27 mai 2031

Active

Lies LARIDON

Vice-chairman of the board of directors · since 04 juin 2019 · until 27 mai 2031

Active

Lieve LANDUYT

Director · since 04 juin 2019 · until 27 mai 2025

Active

Patrick LANSENS

Director · since 04 juin 2019 · until 27 mai 2031

Active

Rik VANWILDEMEERSCH

Director · since 04 juin 2019 · until 27 mai 2025

Active

Rudy ROMMENS

Director · since 04 juin 2019 · until 27 mai 2031

Active

Toon VANCOILLIE

Vice-chairman of the board of directors · since 04 juin 2019 · until 27 mai 2031

Active

Ended mandates

Diderik PATTYN

Director · since 28 mars 2023 · until 03 juin 2025

Ended

DEFADA

Director · since 12 décembre 2019 · until 20 septembre 2024 · 0508.724.616

Represented by Paul De fauw

Ended

DEFADA

Director · since 12 décembre 2019 · until 03 juin 2025 · 0508.724.616

Represented by Paul De fauw

Ended

Ann VANDENBROELE

Director · since 04 juin 2019 · until 03 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
SUNFIN● Active	0749.835.635
V2Hfin● Active	0760.683.403
VLAAMSE ENERGIEHOLDING● Active	0448.632.324

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	17/06/2026	16/06/2025	29/10/2024	21/06/2023	20/12/2022	03/06/2021
General meeting	09/06/2026	27/05/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	09/06/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	27/05/2025	16/06/2025	Dutch	PDF
Full modelCorrection	31/12/2023	04/06/2024	29/10/2024	Dutch	PDF
Full model	31/12/2023	04/06/2024	12/06/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	21/06/2023	Dutch	PDF
Full modelCorrection	31/12/2021	07/06/2022	20/12/2022	Dutch	PDF
Full model	31/12/2021	07/06/2022	10/06/2022	Dutch	PDF
Full model	31/12/2020	01/06/2021	03/06/2021	Dutch	PDF
Full model	31/12/2019	01/09/2020	23/09/2020	Dutch	PDF
Full model	31/12/2018	04/06/2019	19/06/2019	Dutch	PDF
Full model	31/12/2017	05/06/2018	22/06/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	13/06/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	25/06/2014	Dutch	PDF
Full model	31/12/2012	04/06/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	08/07/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	03/07/2008	Dutch	PDF
Full model	31/12/2006	05/06/2007	05/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 25 active · 86 ended

Active mandates

Filip Buyse

Director · since 27 mai 2025 · until 27 mai 2031

Active

Johan Vermaut

Director · since 27 mai 2025 · until 27 mai 2031

Active

Joost Cuvelier

Director · since 27 mai 2025 · until 27 mai 2031

Active

Kathleen Duchi

Director · since 27 mai 2025 · until 27 mai 2031

Active

Kristien Hollevoet

Director · since 27 mai 2025 · until 27 mai 2031

Active

Kristof Pillaert

Director · since 27 mai 2025 · until 27 mai 2031

Active

Tom Hens

Director · since 27 mai 2025 · until 27 mai 2031

Active

Wally Corneillie

Director · since 27 mai 2025 · until 27 mai 2031

Active

Wim Dedecker

Director · since 27 mai 2025 · until 27 mai 2031

Active

David De Brabant

Directeur · since 05 juin 2023

Active

Diderik PATTYN

Director · since 28 mars 2023 · until 27 mai 2025

Active

Ann VANDENBROELE

Director · since 04 juin 2019 · until 27 mai 2025

Active

Claudia COUDEVILLE

Director · since 04 juin 2019 · until 27 mai 2025

Active

Dirk DAUWE

Director · since 04 juin 2019 · until 27 mai 2025

Active

Geert DESSEIN

Director · since 04 juin 2019 · until 27 mai 2025

Active

Gilles BULTINCK

Director · since 04 juin 2019 · until 27 mai 2025

Active

Inge BOSSUYT

Director · since 04 juin 2019 · until 27 mai 2025

Active

Jens BALLIÈRE

Director · since 04 juin 2019 · until 27 mai 2031

Active

Kevin DEFIEUW

Chairman of the board of directors · since 04 juin 2019 · until 27 mai 2031

Active

Lies LARIDON

Vice-chairman of the board of directors · since 04 juin 2019 · until 27 mai 2031

Active

Lieve LANDUYT

Director · since 04 juin 2019 · until 27 mai 2025

Active

Patrick LANSENS

Director · since 04 juin 2019 · until 27 mai 2031

Active

Rik VANWILDEMEERSCH

Director · since 04 juin 2019 · until 27 mai 2025

Active

Rudy ROMMENS

Director · since 04 juin 2019 · until 27 mai 2031

Active

Toon VANCOILLIE

Vice-chairman of the board of directors · since 04 juin 2019 · until 27 mai 2031

Active

Ended mandates

Diderik PATTYN

Director · since 28 mars 2023 · until 03 juin 2025

Ended

DEFADA

Director · since 12 décembre 2019 · until 20 septembre 2024 · 0508.724.616

Represented by Paul De fauw

Ended

DEFADA

Director · since 12 décembre 2019 · until 03 juin 2025 · 0508.724.616

Represented by Paul De fauw

Ended

Ann VANDENBROELE

Director · since 04 juin 2019 · until 03 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/10/2024
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2021
ONTSLAGEN - BENOEMINGEN
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 202518,9 M €↑
27/05/2025
nominationLies Laridon — bestuurder
27/05/2025
nominationKristien Hollevoet — bestuurder
27/05/2025
nominationKathleen Duchi — bestuurder
27/05/2025
nominationKristof Pillaert — bestuurder
27/05/2025
nominationFilip Buyse — bestuurder
27/05/2025
nominationJohan Vermaut — bestuurder
27/05/2025
nominationPatrick Lansens — bestuurder
27/05/2025
nominationToon Vancoillie — bestuurder
27/05/2025
nominationWally Corneillie — bestuurder
27/05/2025
nominationRudy Rommens — bestuurder
27/05/2025
nominationWim Dedecker — bestuurder
27/05/2025
nominationJens Ballière — bestuurder
27/05/2025
nominationJoost Cuvelier — bestuurder
27/05/2025
nominationTom Hens — bestuurder
27/05/2025
nominationKevin Defieuw — bestuurder
2024
Annual accounts 202418,1 M €↑
24/09/2024
apportDiksmuide
24/09/2024
apportGistel
24/09/2024
apportHarelbeke
24/09/2024
apportHooglede
24/09/2024
apportIzegem
24/09/2024
apportJabbeke
24/09/2024
apportKoekelare
24/09/2024
apportKortemark
24/09/2024
apportLedegem
24/09/2024
apportLendelede
24/09/2024
apportMiddelkerke
24/09/2024
apportOudenburg
24/09/2024
apportTorhout
24/09/2024
apportVosselaar
24/09/2024
apportWevelgem
04/06/2024
nominationJurgen Lelie — commissaris
04/06/2024
nominationLARIDON Lies — niet-statutaire bestuurder
04/06/2024
augmentation_capitalPROVINCIALE ONTWIKKELINGSMAATSCHAPPIJ WEST-VLAANDEREN
2023
Annual accounts 20239,5 M €↑
12/09/2023
nominationDavid De Brabant — lid van het Uitvoerend Comité en het dagelijks bestuur
28/03/2023
nominationDiderik Pattyn — bestuurder
2022
Annual accounts 20228,6 M €↓
2021
Annual accounts 20219,9 M €↑
2020
Annual accounts 20208,4 M €↑
2019
Annual accounts 20197,9 M €↑
2018
Annual accounts 20185,1 M €↑
2017
Annual accounts 2017-19,3 M €↓
2016
Annual accounts 20164,3 M €↑
2015
Annual accounts 2015-30,1 M €↓
2014
Annual accounts 20147,4 M €↓
2013
Annual accounts 20137,8 M €↑
2012
Annual accounts 20126,0 M €↓
2011
Annual accounts 201182,1 M €↑
2010
Annual accounts 201012,8 M €↑
2009
Annual accounts 20092,4 M €↑
2008
Annual accounts 20081,3 M €
30/06/2000
IncorporationPrivate limited company

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

EFIN

Overview

What does EFIN do?

Trend over 18 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