ACTIVE

Elia Group

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Financial year 2025 · closed on 31/12/2025

Net result

174,9 M €

+23.2% YoY

Equity

5,1 Md €

+74.5% YoY

Workforce

9,3 ETP

+29.2% YoY

What does Elia Group do?

Elia Group 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 9,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.388.378

Incorporation

21/12/2001

Legal form

Public limited company

Registered office

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

Contributed capital

4 779 669 757,04 €

Latest accounts

31/12/2025

Average workforce

9,3 ETP

Activities (NACE)

35120Transmission of electricity· main 35130Distribution of electricity 40120Transport d'électricité 64200Activities of holding companies 64210Activities of holding companies 35120Transmission of electricity+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

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✦ 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	–		–		2,9 M €		–		–		–		743,3 M €	-18.1%	908 M €	+14.6%	792,2 M €	+10.8%	714,7 M €	-8.4%	780,4 M €	-0.8%	786,8 M €	-0.3%	789,5 M €	+3.2%	764,8 M €	+1.4%	753,9 M €	+4.9%	718,7 M €	-2.5%	737 M €	+2.0%	722,9 M €	+3.3%	699,9 M €
EBITDA	-408,4 k €	-103%	14 M €	+171%	-19,8 M €	-419%	-3,8 M €	+29.1%	-5,4 M €	-18.7%	-4,5 M €	-104%	106,7 M €	+28.8%	82,8 M €	-12.7%	94,9 M €	+50.8%	62,9 M €	-51.9%	130,8 M €	-1.8%	133,2 M €	-12.1%	151,5 M €	+1.2%	149,7 M €	-13.5%	173,1 M €	+8.4%	159,8 M €	-3.6%	165,8 M €	+11.2%	149,1 M €	-8.9%	163,7 M €
Operating result	-28,7 M €	-305%	14 M €	+171%	-19,8 M €	-419%	-3,8 M €	+29.1%	-5,4 M €	-18.7%	-4,5 M €	-104%	104,6 M €	+26.5%	82,7 M €	-12.7%	94,8 M €	+50.1%	63,1 M €	-51.7%	130,8 M €	-1.9%	133,2 M €	-12.1%	151,5 M €	+1.2%	149,7 M €	-13.6%	173,2 M €	+8.5%	159,5 M €	-3.8%	165,8 M €	+11.2%	149,1 M €	-8.9%	163,7 M €
Net result	174,9 M €	+23.2%	141,9 M €	-34.0%	215 M €	+49.0%	144,2 M €	+99.2%	72,4 M €	-14.3%	84,4 M €	-31.5%	123,3 M €	-38.9%	201,6 M €	+108%	96,9 M €	-29.4%	137,2 M €	+9.4%	125,4 M €	+11.3%	112,6 M €	-6.0%	119,8 M €	+23.0%	97,4 M €	-20.9%	123,1 M €	+67.6%	73,5 M €	-12.8%	84,3 M €	-2.1%	86,1 M €	+27.4%	67,6 M €
Balance sheet
Equity	5,1 Md €	+74.5%	2,9 Md €	-0.3%	2,9 Md €	+2.4%	2,8 Md €	+26.8%	2,2 Md €	-2.1%	2,3 Md €	-1.2%	2,3 Md €	+23.7%	1,9 Md €	+6.0%	1,8 Md €	-0.1%	1,8 Md €	+2.7%	1,7 Md €	+1.9%	1,7 Md €	+1.5%	1,7 Md €	+1.6%	1,6 Md €	+0.8%	1,6 Md €	+2.2%	1,6 Md €	+22.2%	1,3 Md €	+1.7%	1,3 Md €	+1.6%	1,3 Md €
Total assets	7,1 Md €	+49.3%	4,8 Md €	+20.3%	4 Md €	-0.2%	4 Md €	+18.5%	3,4 Md €	-1.3%	3,4 Md €	-1.8%	3,5 Md €	-51.0%	7,1 Md €	+27.2%	5,6 Md €	+6.1%	5,2 Md €	-4.5%	5,5 Md €	+14.2%	4,8 Md €	+0.5%	4,8 Md €	+6.3%	4,5 Md €	+0.9%	4,5 Md €	-1.8%	4,6 Md €	+8.2%	4,2 Md €	+3.0%	4,1 Md €	+5.4%	3,9 Md €
Cash	5,4 M €	+101%	2,7 M €	-69.5%	8,8 M €	-94.0%	147,3 M €	+296%	37,2 M €	-54.5%	81,7 M €	-24.8%	108,7 M €	-24.0%	143,1 M €	+21.4%	117,9 M €	-7.1%	126,8 M €	-66.7%	380,7 M €	+244%	110,5 M €	-19.0%	136,5 M €	+185%	47,9 M €	+96.7%	24,4 M €	-75.5%	99,3 M €	+77.7%	55,9 M €	+2584%	2,1 M €	+105%	1 M €
Debts	2 Md €	+9.3%	1,9 Md €	+76.1%	1,1 Md €	-8.1%	1,1 Md €	+1.9%	1,1 Md €	+0.2%	1,1 Md €	-3.1%	1,2 Md €	-74.9%	4,6 Md €	+43.1%	3,2 Md €	+7.4%	3 Md €	-12.4%	3,4 Md €	+17.5%	2,9 Md €	-3.3%	3 Md €	+10.3%	2,7 Md €	-1.2%	2,8 Md €	-3.0%	2,9 Md €	+1.6%	2,8 Md €	+4.7%	2,7 Md €	+9.2%	2,5 Md €
Other
Workforce	9,3 ETP	+29.2%	7,2 ETP	+4.3%	6,9 ETP	+6.2%	6,5 ETP	0.0%	6,5 ETP	+22.6%	5,3 ETP	-98.5%	352,2 ETP	+3.7%	339,6 ETP	+7.6%	315,5 ETP	+9.7%	287,6 ETP	-3.0%	296,4 ETP	-1.1%	299,8 ETP	+1.6%	295,1 ETP	+0.3%	294,3 ETP	+1.4%	290,1 ETP	+10.0%	263,8 ETP	+6.2%	248,3 ETP	+8.1%	229,7 ETP	+4.5%	219,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 11 active · 97 ended

Active mandates

Christophe Peeters

Managing director · since 11 décembre 2025 · until 19 mai 2026

Active

Michel Sirat

Director · since 20 mai 2025 · until 15 mai 2029

Active

Olivier Chapelle

Director · since 20 mai 2025 · until 19 mai 2029

Active

Saskia Van Uffelen

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

Eddy Vermoesen

Director · since 16 mai 2023 · until 15 mai 2029

Active

INTERFIN

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

Represented by Thibaud Wyngaard

Active

Pascale Van Damme

Director · since 17 mai 2022 · until 15 mai 2029

Active

Pieter De Crem

Director · since 09 février 2021 · until 19 mai 2026

Active

Roberte Kesteman

Director · since 27 octobre 2017 · until 15 mai 2029

Active

Dominique Offergeld

Director · since 16 mai 2017 · until 15 mai 2029

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

Laurence de l'Escaille

Director · since 17 mai 2022 · until 20 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
ELIA ASSET● Active	0475.028.202
Elia Engineering● Active	0471.869.861
ELIA GRID INTERNATIONAL● Active	0549.780.459
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	Consolidated accounts
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	03/06/2026	20/06/2025	25/06/2024	14/06/2023	27/06/2022	20/05/2021
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

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Filings

Annual accounts filings

77 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	03/06/2026	French	PDF
Full model	31/12/2025	19/05/2026	03/06/2026	Dutch	PDF
Full model	31/12/2024	20/05/2025	20/06/2025	Dutch	PDF
Full model	31/12/2024	20/05/2025	20/06/2025	French	PDF
Consolidated accounts	31/12/2024	20/05/2025	23/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	20/05/2025	23/06/2025	French	PDF
Full model	31/12/2023	21/05/2024	25/06/2024	Dutch	PDF
Full model	31/12/2023	21/05/2024	25/06/2024	French	PDF
Consolidated accounts	31/12/2023	21/05/2024	24/06/2024	French	PDF
Consolidated accounts	31/12/2023	21/05/2024	24/06/2024	Dutch	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
Consolidated accounts	31/12/2022	16/05/2023	15/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	16/05/2023	14/06/2023	French	PDF
Full model	31/12/2021	17/05/2022	27/06/2022	Dutch	PDF
Full model	31/12/2021	17/05/2022	27/06/2022	French	PDF
Consolidated accounts	31/12/2021	17/05/2022	23/06/2022	French	PDF
Consolidated accounts	31/12/2021	17/05/2022	23/06/2022	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
Consolidated accounts	31/12/2020	18/05/2021	20/05/2021	Dutch	PDF
Consolidated accounts	31/12/2020	18/05/2021	20/05/2021	French	PDF
Full model	31/12/2019	19/05/2020	13/06/2020	French	PDF
Full model	31/12/2019	19/05/2020	13/06/2020	Dutch	PDF

View all 77 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 97 ended

Active mandates

Christophe Peeters

Managing director · since 11 décembre 2025 · until 19 mai 2026

Active

Michel Sirat

Director · since 20 mai 2025 · until 15 mai 2029

Active

Olivier Chapelle

Director · since 20 mai 2025 · until 19 mai 2029

Active

Saskia Van Uffelen

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

Eddy Vermoesen

Director · since 16 mai 2023 · until 15 mai 2029

Active

INTERFIN

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

Represented by Thibaud Wyngaard

Active

Pascale Van Damme

Director · since 17 mai 2022 · until 15 mai 2029

Active

Pieter De Crem

Director · since 09 février 2021 · until 19 mai 2026

Active

Roberte Kesteman

Director · since 27 octobre 2017 · until 15 mai 2029

Active

Dominique Offergeld

Director · since 16 mai 2017 · until 15 mai 2029

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

Laurence de l'Escaille

Director · since 17 mai 2022 · until 20 mai 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other04/06/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Other04/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates08/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/04/2026
KAPITAAL - AANDELEN
PDF
Capital / shares29/04/2026
CAPITAL, ACTIONS
PDF
Mandates24/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2026
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

23/04/2026
augmentation_capital
14/04/2026
nominationJoachim Coens — bestuurder
14/04/2026
nominationEd Merc BV — bestuurder
14/04/2026
nominationSymvouli BV — onafhankelijke bestuurder
14/04/2026
nominationOlivier Chapelle BV — onafhankelijke bestuurder
14/04/2026
nominationTesuji Conseil SAS — onafhankelijke bestuurder
14/04/2026
nominationAurora Nova BV — onafhankelijke bestuurder
14/04/2026
nominationJoachim Coens — administrateur
14/04/2026
nominationEd Merc SRL — administrateur
14/04/2026
nominationSymvouli SRL — administratrice indépendante
14/04/2026
nominationOlivier Chapelle SRL — administrateur indépendant
14/04/2026
nominationTesuji Conseil SAS — administrateur indépendant
14/04/2026
nominationAurora Nova SRL — administratrice indépendante
2025
Annual accounts 2025174,9 M €↑
15/12/2025
augmentation_capital
11/12/2025
nominationChristophe Peeters — bestuurder
01/10/2025
nominationCéline Van Haute — EG_CHRO
20/05/2025
augmentation_capital
20/05/2025
nominationOlivier Chapelle — administrateur indépendant
20/05/2025
nominationMichel Sirat — administrateur indépendant
20/05/2025
nominationSaskia Van Uffelen — administratrice
20/05/2025
reconductionPascale Van Damme — administratrice indépendante
20/05/2025
nominationOlivier Chapelle — onafhankelijke bestuurder
20/05/2025
nominationMichel Sirat — onafhankelijke bestuurder
20/05/2025
nominationSaskia Van Uffelen — bestuurder
20/05/2025
reconductionPascale Van Damme — onafhankelijk bestuurder
08/05/2025
nominationFrédéric De Mee — représentant permanent du commissaire
08/05/2025
nominationFrédéric De Mee — vaste vertegenwoordiger van de commissaris
08/04/2025
augmentation_capital
08/04/2025
augmentation_capital
01/04/2025
nominationMarco Nix — Chief Financial Officer
26/03/2025
augmentation_capital
15/01/2025
nominationBernard Gustin — Chief Executive Officer
15/01/2025
nominationBernard Gustin — Chief Executive Officer en Voorzitter van het College van dagelijks bestuur
15/01/2025
nominationBernard Gustin — Chief Executive Officer et Président du Collège de gestion journalière
2024
Annual accounts 2024141,9 M €↓
05/03/2024
nominationFrédéric Dunon — lid van de het College van dagelijks bestuur
05/03/2024
nominationFrédéric Dunon — membre du collège de gestion journalière
2023
Annual accounts 2023215 M €↑
10/11/2023
nominationMarco Nix — Chief Financial Officer Ad Interim
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
reconductionPaul Eelen — représentant permanent (commissaire)
16/05/2023
reconductionMichaël Delbeke — représentant permanent (commissaire)
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
26/04/2023
augmentation_capital
26/04/2023
augmentation_capital
2022
Annual accounts 2022144,2 M €↑
13/12/2022
augmentation_capital
28/06/2022
augmentation_capital
21/06/2022
augmentation_capital
21/06/2022
augmentation_capital
13/06/2022
augmentation_capital
17/05/2022
nominationLaurence de l'Escaille — onafhankelijke bestuurder
17/05/2022
nominationPascale Van Damme — onafhankelijke bestuurder
17/05/2022
reconductionMichel Allé — onafhankelijke bestuurder
17/05/2022
reconductionLuc de Temmerman — onafhankelijke bestuurder
17/05/2022
nominationLaurence de l'Escaille — administratrice indépendante
17/05/2022
nominationPascale Van Damme — administratrice indépendante
17/05/2022
reconductionMichel Allé — administrateur indépendant
17/05/2022
reconductionLuc de Temmerman — administrateur indépendant
17/05/2022
nominationThibaud Wyngaard — administrateur non-indépendant
01/01/2022
unknownThibaud Wyngaard — gecoöpteerde niet-onafhankelijke bestuurder
2021
Annual accounts 202172,4 M €↓
2020
Annual accounts 202084,4 M €↓
28/07/2020
nominationStefan Kapferer — membre du Collège de gestion journalière
28/07/2020
nominationMichael Freiherr Roeder von Diersburg — membre du Collège de gestion journalière
28/07/2020
nominationStefan Kapferer — lid van het College van dagelijks bestuur
28/07/2020
nominationMichael Freiherr Roeder von Diersburg — lid van het College van dagelijks bestuur
2019
Annual accounts 2019123,3 M €↓
2018
Annual accounts 2018201,6 M €↑
2017
Annual accounts 201796,9 M €↓
2016
Annual accounts 2016137,2 M €↑
2015
Annual accounts 2015125,4 M €↑
2014
Annual accounts 2014112,6 M €↓
2013
Annual accounts 2013119,8 M €↑
2012
Annual accounts 201297,4 M €↓
2011
Annual accounts 2011123,1 M €↑
2010
Annual accounts 201073,5 M €↓
2009
Annual accounts 200984,3 M €↓
2008
Annual accounts 200886,1 M €↑
2007
Annual accounts 200767,6 M €
21/12/2001
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 Group

Overview

What does Elia Group 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