ACTIVE

ELIA ASSET

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

140,2 M €

+27.2% YoY

Revenue

963,7 M €

+15.5% YoY

Equity

1,7 Md €

-2.1% YoY

Workforce

999,9 ETP

+6.7% YoY

What does ELIA ASSET do?

ELIA ASSET is a Public limited company incorporated in 2001. Its main activity is: Transmission of electricity. Its registered office is in Bruxelles. It employs on average 999,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.028.202

Incorporation

29/06/2001

Legal form

Public limited company

Registered office

Boulevard de l'Empereur 20
1000 Bruxelles · BruxellesSee on map

Contributed capital

1 603 839 377,21 €

Latest accounts

31/12/2025

Average workforce

999,9 ETP

Activities (NACE)

35120Transmission of electricity· main 35130Distribution of electricity 40120Transport d'électricité

Joint committees (2)

326
32600

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	963,7 M €	+15.5%	834 M €	+9.1%	764,5 M €	+9.4%	698,9 M €	+9.3%	639,2 M €	+10.1%	580,7 M €	+13.7%	510,5 M €	-2.4%	523,1 M €	+13.9%	459,2 M €	+6.2%	432,5 M €	+6.9%	404,5 M €	+2.6%	394,1 M €	+2.4%	384,7 M €	+0.1%	384,2 M €	+3.1%	372,8 M €	+5.4%	353,8 M €	+0.6%	351,8 M €	-5.6%	372,5 M €	+10.9%	335,7 M €
EBITDA	532,8 M €	+18.9%	448,3 M €	+2.0%	439,5 M €	+13.5%	387,1 M €	+8.9%	355,5 M €	+19.6%	297,4 M €	+18.2%	251,6 M €	-5.8%	267,1 M €	+19.9%	222,8 M €	+21.1%	184 M €	+8.8%	169 M €	+5.1%	160,8 M €	+1.5%	158,4 M €	-2.5%	162,5 M €	+4.7%	155,2 M €	+8.0%	143,7 M €	-2.1%	146,7 M €	-8.1%	159,6 M €	+34.4%	118,8 M €
Operating result	287,8 M €	+21.7%	236,4 M €	-1.4%	239,7 M €	+24.8%	192,1 M €	+12.5%	170,7 M €	+28.2%	133,2 M €	+16.6%	114,2 M €	-18.0%	139,2 M €	+35.9%	102,4 M €	+38.8%	73,7 M €	+13.9%	64,7 M €	+8.8%	59,5 M €	-4.6%	62,3 M €	-5.9%	66,2 M €	+8.4%	61,1 M €	+20.8%	50,6 M €	-8.0%	55 M €	-20.6%	69,3 M €	+128%	30,4 M €
Net result	140,2 M €	+27.2%	110,2 M €	-13.1%	126,8 M €	+15.5%	109,8 M €	+9.2%	100,5 M €	+7.4%	93,6 M €	+22.5%	76,4 M €	-18.7%	94 M €	+18.6%	79,3 M €	+9.8%	72,2 M €	+29.7%	55,6 M €	+7.5%	51,8 M €	-4.6%	54,3 M €	-4.6%	56,9 M €	+7.5%	52,9 M €	-2.0%	53,9 M €	+4.2%	51,8 M €	-5.4%	54,7 M €	+248%	15,7 M €
Balance sheet
Equity	1,7 Md €	-2.1%	1,8 Md €	+0.9%	1,7 Md €	+0.4%	1,7 Md €	+4.8%	1,7 Md €	+0.4%	1,7 Md €	+0.3%	1,6 Md €	+0.2%	1,6 Md €	+0.3%	1,6 Md €	+0.2%	1,6 Md €	+0.4%	1,6 Md €	+0.2%	1,6 Md €	+0.2%	1,6 Md €	+0.1%	1,6 Md €	+0.2%	1,6 Md €	+0.2%	1,6 Md €	+0.2%	1,6 Md €	+0.2%	1,6 Md €	+0.3%	1,6 Md €
Total assets	7,2 Md €	+17.1%	6,1 Md €	+15.8%	5,3 Md €	+8.3%	4,9 Md €	+8.6%	4,5 Md €	+3.8%	4,3 Md €	+4.8%	4,1 Md €	+13.9%	3,6 Md €	+14.4%	3,2 Md €	+7.1%	3 Md €	+10.0%	2,7 Md €	+7.7%	2,5 Md €	+5.9%	2,4 Md €	+4.8%	2,3 Md €	+2.9%	2,2 Md €	+0.3%	2,2 Md €	+1.4%	2,2 Md €	-1.2%	2,2 Md €	+4.6%	2,1 Md €
Cash	8 M €	+1.6%	7,9 M €	-23.1%	10,3 M €	-5.1%	10,8 M €	-7.3%	11,7 M €	+23.2%	9,5 M €	+23.0%	7,7 M €	+42.9%	5,4 M €	+18.8%	4,5 M €	+38.4%	3,3 M €	+147%	1,3 M €	-38.2%	2,1 M €	+7.9%	2 M €	+176%	720,2 k €	-60.6%	1,8 M €	+61.0%	1,1 M €	+12.4%	1 M €	+5.7%	956,9 k €	+50.3%	636,6 k €
Debts	5,3 Md €	+24.7%	4,2 Md €	+22.4%	3,5 Md €	+13.5%	3 Md €	+9.3%	2,8 Md €	+4.8%	2,7 Md €	+7.8%	2,5 Md €	+25.6%	2 Md €	+29.7%	1,5 Md €	+17.4%	1,3 Md €	+24.8%	1 Md €	+22.2%	845,7 M €	+18.2%	715,7 M €	+18.8%	602,5 M €	+11.0%	542,8 M €	+2.9%	527,6 M €	+4.2%	506,3 M €	-3.3%	523,4 M €	+15.5%	453,3 M €
Other
Workforce	999,9 ETP	+6.7%	937,3 ETP	+3.7%	904,0 ETP	+0.5%	899,7 ETP	+2.5%	877,6 ETP	+0.5%	873,1 ETP	+1.8%	857,7 ETP	+3.7%	826,8 ETP	+4.3%	792,6 ETP	+3.7%	764,1 ETP	+3.1%	741,2 ETP	-1.4%	751,9 ETP	-0.3%	754,1 ETP	+0.5%	750,2 ETP	-0.5%	754,1 ETP	-1.8%	768,0 ETP	+2.4%	750,3 ETP	-6.9%	805,8 ETP	-0.4%	809,1 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 · 12 active · 111 ended

Active mandates

Christophe Peeters

Director · since 11 décembre 2025 · until 19 mai 2026

Active

Astrid Pieron

Director · since 20 mai 2025 · until 15 mai 2029

Active

Fabienne Bozet

Director · since 20 mai 2025 · until 15 mai 2029

Active

Nadine Lemaitre

Director · since 20 mai 2025 · until 19 mai 2026

Active

Bernard Thiry

Vice-chairman of the board of directors · since 16 mai 2023 · until 15 mai 2029

Active

Dominique Offergeld

Director · since 16 mai 2023 · until 15 mai 2029

Active

Eddy Vermoesen

Director · since 16 mai 2023 · until 15 mai 2029

Active

Roberte Kersteman

Director · since 16 mai 2023 · until 15 mai 2029

Active

Els Neirynck

Director · since 20 octobre 2022 · until 19 mai 2026

Active

INTERFIN

Director · since 17 mai 2022 · until 19 mai 2026 · 0222.944.897

Represented by Thibaud Wyngaard

Active

Pieter De Crem

Chairman of the board of directors · since 09 février 2021 · until 19 mai 2026

Active

Saskia Van Uffelen

Director · since 19 mai 2020 · until 19 mai 2026

Active

Ended mandates

Bernard Thiry

Vice-chairman of the board of directors · since 12 décembre 2024 · until 15 mai 2029

Ended

Geert Versnick

Chairman of the board of directors · since 12 décembre 2024 · until 19 mai 2026

Ended

Bernard Thiry

Director · since 16 mai 2023 · until 15 mai 2029

Ended

INTERFIN

Director · since 17 mai 2022 · until 19 mai 2026 · 0222.944.897

Represented by Thibaut Wyngaard

Ended

At this address

Other companies at this address

Company	CBE no.
Elia Engineering● Active	0471.869.861
ELIA GRID INTERNATIONAL● Active	0549.780.459
Elia Group● Active	0476.388.378
Elia Transmission Belgium● Active	0731.852.231
EUROGRID INTERNATIONAL● Active	0823.637.886
re.alto-energy● Active	0731.852.330
WindGrid● Active	0784.365.061

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	30/07/2026	20/06/2025	24/06/2024	25/07/2023	27/06/2022	19/05/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

42 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	30/07/2026	Dutch	PDF
Full model	31/12/2025	19/05/2026	03/06/2026	French	PDF
Full model	31/12/2024	20/05/2025	20/06/2025	French	PDF
Full model	31/12/2024	20/05/2025	20/06/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	24/06/2024	Dutch	PDF
Full model	31/12/2023	21/05/2024	24/06/2024	French	PDF
Full modelCorrection	31/12/2022	16/05/2023	25/07/2023	Dutch	PDF
Full modelCorrection	31/12/2022	16/05/2023	25/07/2023	French	PDF
Full model	31/12/2022	16/05/2023	14/06/2023	Dutch	PDF
Full model	31/12/2022	16/05/2023	14/06/2023	French	PDF
Full model	31/12/2021	17/05/2022	27/06/2022	French	PDF
Full model	31/12/2021	17/05/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	19/05/2021	Dutch	PDF
Full model	31/12/2020	18/05/2021	19/05/2021	French	PDF
Full model	31/12/2019	19/05/2020	13/06/2020	Dutch	PDF
Full model	31/12/2019	19/05/2020	13/06/2020	French	PDF
Full model	31/12/2018	21/05/2019	13/06/2019	Dutch	PDF
Full model	31/12/2018	21/05/2019	13/06/2019	French	PDF
Full model	31/12/2017	15/05/2018	22/05/2018	French	PDF
Full model	31/12/2017	15/05/2018	22/05/2018	Dutch	PDF
Full model	31/12/2016	16/05/2017	31/05/2017	French	PDF
Full model	31/12/2016	16/05/2017	31/05/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	20/05/2016	Dutch	PDF
Full model	31/12/2015	17/05/2016	20/05/2016	French	PDF

View all 42 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 · 12 active · 111 ended

Active mandates

Christophe Peeters

Director · since 11 décembre 2025 · until 19 mai 2026

Active

Astrid Pieron

Director · since 20 mai 2025 · until 15 mai 2029

Active

Fabienne Bozet

Director · since 20 mai 2025 · until 15 mai 2029

Active

Nadine Lemaitre

Director · since 20 mai 2025 · until 19 mai 2026

Active

Bernard Thiry

Vice-chairman of the board of directors · since 16 mai 2023 · until 15 mai 2029

Active

Dominique Offergeld

Director · since 16 mai 2023 · until 15 mai 2029

Active

Eddy Vermoesen

Director · since 16 mai 2023 · until 15 mai 2029

Active

Roberte Kersteman

Director · since 16 mai 2023 · until 15 mai 2029

Active

Els Neirynck

Director · since 20 octobre 2022 · until 19 mai 2026

Active

INTERFIN

Director · since 17 mai 2022 · until 19 mai 2026 · 0222.944.897

Represented by Thibaud Wyngaard

Active

Pieter De Crem

Chairman of the board of directors · since 09 février 2021 · until 19 mai 2026

Active

Saskia Van Uffelen

Director · since 19 mai 2020 · until 19 mai 2026

Active

Ended mandates

Bernard Thiry

Vice-chairman of the board of directors · since 12 décembre 2024 · until 15 mai 2029

Ended

Geert Versnick

Chairman of the board of directors · since 12 décembre 2024 · until 19 mai 2026

Ended

Bernard Thiry

Director · since 16 mai 2023 · until 15 mai 2029

Ended

INTERFIN

Director · since 17 mai 2022 · until 19 mai 2026 · 0222.944.897

Represented by Thibaut Wyngaard

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring04/09/2026
dépôt du projet de fusion
PDF
Restructuring04/09/2026
Neerlegging fusievoorstel
PDF
Other12/06/2026
DIVERSEN
PDF
Other12/06/2026
DIVERS
PDF
Other28/05/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Other28/05/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates15/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2026
DEMISSIONS, NOMINATIONS
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 2025140,2 M €↑
11/12/2025
nominationChristophe Peeters — bestuurder
11/12/2025
nominationChristophe Peeters — administrateur
01/10/2025
nominationClaire Tomasina — Chief Human Resources Officer et membre du Collège de gestion journalière
01/10/2025
nominationClaire Tomasina — Chief Human Resources Officer en lid van het College van dagelijks bestuur
20/05/2025
nominationNadine Lemaitre-Rozencweig — onafhankelijke bestuurder
20/05/2025
nominationFabienne Bozet — onafhankelijke bestuurder
20/05/2025
nominationAstrid Pieron — onafhankelijke bestuurder
20/05/2025
nominationNadine Lemaitre-Rozencweig — administratrice indépendante
20/05/2025
nominationFabienne Bozet — administratrice indépendante
20/05/2025
nominationAstrid Pieron — administratrice indépendante
08/05/2025
nominationFrederic De Mee — représentant permanent du commissaire
15/04/2025
nominationNicolas Pire — Chief Financial Officer et Vice-Président du Collège de gestion journalière
15/04/2025
nominationNicolas Pire — Chief Financial Officer en Ondervoorzitter van het College van dagelijks bestuur
2024
Annual accounts 2024110,2 M €↓
01/04/2024
nominationDavid Zenner — Chief Asset Officer
2023
Annual accounts 2023126,8 M €↑
12/12/2023
nominationCatherine Vandenborre — Présidente du Collège de gestion journalière et Chief Financial Officer
12/12/2023
nominationFrédéric Dunon — Chief Executive Officer et Vice-Président du Collège de gestion journalière
25/10/2023
nominationCatherine Vandenborre — Voorzitster van het College van dagelijks bestuur en Chief Financial Officer
25/10/2023
nominationFrédéric Dunon — Chief Executive Officer en Vice-Voorzitter van het College van dagelijks bestuur
06/09/2023
nominationCatherine Vandenborre — Chief Executive Officer Ad Interim
16/05/2023
reconductionBernard Gustin — administrateur indépendant
16/05/2023
reconductionRoberte Kesteman — administratrice indépendante
16/05/2023
reconductionDominique Offergeld — administratrice non-indépendante
16/05/2023
nominationEddy Vermoesen — administrateur non-indépendant
16/05/2023
nominationBernard Thiry — administrateur non-indépendant
16/05/2023
reconductionBernard Gustin — onafhankelijke bestuurder
16/05/2023
reconductionRoberte Kesteman — onafhankelijke bestuurder
16/05/2023
reconductionDominique Offergeld — niet-onafhankelijk bestuurder
16/05/2023
nominationEddy Vermoesen — niet-onafhankelijke bestuurder
16/05/2023
nominationBernard Thiry — niet-onafhankelijke bestuurder
16/05/2023
reconductionPaul Eelen — commissaris
16/05/2023
reconductionMichaël Delbeke — commissaris
2022
Annual accounts 2022109,8 M €↑
01/11/2022
nominationFrédéric Dunon — Deputy Chief Executive Officer
01/11/2022
nominationJames Matthys-Donnadieu — Chief Customers, Markets & System Officer
20/10/2022
nominationEls Neirynck — administratrice indépendante
20/10/2022
nominationEls Neirynck — onafhankelijke bestuurder
20/10/2022
nominationEls Neirynck — onafhankelijk bestuurder
20/10/2022
nominationEls Neirynck — administrateur indépendant
17/05/2022
nominationLaurence de l'Escaille — administratrice indépendante
17/05/2022
reconductionMichel Allé — administrateur indépendant
17/05/2022
nominationLaurence de l’Escaille — onafhankelijke bestuurder
17/05/2022
reconductionMichel Ailé — onafhankelijke bestuurder
17/05/2022
nominationThibaud Wyngaard — niet-onafhankelijke bestuurder
01/01/2022
nominationThibaud Wyngaard — administrateur non-indépendant
2021
Annual accounts 2021100,5 M €↑
2020
Annual accounts 202093,6 M €↑
2019
Annual accounts 201976,4 M €↓
2018
Annual accounts 201894 M €↑
2017
Annual accounts 201779,3 M €↑
2016
Annual accounts 201672,2 M €↑
2015
Annual accounts 201555,6 M €↑
2014
Annual accounts 201451,8 M €↓
2013
Annual accounts 201354,3 M €↓
2012
Annual accounts 201256,9 M €↑
2011
Annual accounts 201152,9 M €↓
2010
Annual accounts 201053,9 M €↑
2009
Annual accounts 200951,8 M €↓
2008
Annual accounts 200854,7 M €↑
2007
Annual accounts 200715,7 M €
29/06/2001
IncorporationPublic 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

ELIA ASSET

Overview

What does ELIA ASSET do?

Trend over 19 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