ACTIVE

Fluvius System Operator

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Financial year 2025 · closed on 31/12/2025
Net result
0 €
Revenue
2,9 Md €
+6.6% YoY
Equity
993,8 M €
0.0% YoY
Workforce
5 326,3 ETP
+3.9% YoY

What does Fluvius System Operator do?

Fluvius System Operator is a Cooperative society incorporated in 2002. Its registered office is in Merelbeke-Melle. It employs on average 5 326,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.445.084
Incorporation
30/04/2002
Legal form
Cooperative society
Registered office
Brusselsesteenweg 199
9090 Merelbeke-Melle · FlandreSee on map
Contributed capital
497 894 070,67 €
Latest accounts
31/12/2025
Average workforce
5 326,3 ETP
Signals
Good liquidityPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Revenue2,9 Md €2,7 Md €2,4 Md €1,9 Md €1,7 Md €
EBITDA14,6 M €23,1 M €22,4 M €18,6 M €33,8 M €
Operating result21,3 M €26,3 M €20,6 M €13,1 M €15,1 M €
Net result0 €0 €578,5 M €0 €–
Balance sheet
Equity993,8 M €993,8 M €993,8 M €1,5 M €1,5 M €
Total assets10,2 Md €9,2 Md €8,8 Md €6,9 Md €6,5 Md €
Cash18,1 k €25,4 k €2,6 M €2,6 M €62,9 M €
Debts9 Md €8 Md €7,5 Md €6,6 Md €6,2 Md €
Other
Workforce5 326,3 ETP5 126,7 ETP4 854,2 ETP4 704,4 ETP4 708,8 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 · 32 active · 24 ended

Active mandates

Carl Hanssens

Director · since 26 mars 2025

Active
Dirk Vansina

Director · since 26 mars 2025

Active
Filip Thienpont

Director · since 26 mars 2025

Active
Griet Lissens

Director · since 26 mars 2025

Active
Joris Vandenbroucke

Derde ondervoorzitter · since 26 mars 2025

Active
Laurence Libert

Director · since 26 mars 2025

Active
Leen Van Laere

Director · since 26 mars 2025

Active
Manuela Vervoort

Director · since 26 mars 2025

Active
Marie Behaeghe

Director · since 26 mars 2025

Active
Mark Vos

Director · since 26 mars 2025

Active
Mieke Vanrobaeys

Director · since 26 mars 2025

Active
Patrick Janssens

Director · since 26 mars 2025

Active
Jean-Pierre De Groef

Derde ondervoorzitter · since 25 septembre 2024 · until 26 mars 2025

Active
Kim Dorikens

Director · since 26 juin 2024 · until 26 mars 2025

Active
Ine Franssen

Director · since 12 novembre 2020 · until 26 mars 2025

Active
Charlotte De Backer

Director · since 25 septembre 2019 · until 26 mars 2025

Active
Adinda Van Gerven

Director · since 28 mars 2019

Active
Christof Dejaegher

Director · since 28 mars 2019

Active
David Coppens

Director · since 28 mars 2019 · until 26 mars 2025

Active
Guy Van de Perre

Director · since 28 mars 2019

Active
Jan Dalemans

Director · since 28 mars 2019 · until 26 mars 2025

Active
Jan Desmeth

Director · since 28 mars 2019

Active
Lieven Cobbaert

Director · since 28 mars 2019

Active
Nicky Martens

Director · since 28 mars 2019 · until 26 mars 2025

Active
Tom Kersemans

Director · since 28 mars 2019 · until 26 mars 2025

Active
Geert Cluckers

Director · since 01 juillet 2018 · until 26 mars 2025

Active
Lies Laridon

Director · since 01 juillet 2018 · until 26 mars 2025

Active
Wim Dries

Voorzitter · since 01 juillet 2018

Active
Christophe Peeters

Tweede ondervoorzitter · since 24 janvier 2018

Active
Greet Geypen

Director · since 27 mars 2013 · until 26 mars 2025

Active
Koen Kennis

Eerste ondervoorzitter · since 27 mars 2013

Active
Piet Buyse

Director · since 01 septembre 2010 · until 26 mars 2025

Active

Ended mandates

Jean-Pierre De Groef

Ondervoorzitter · since 25 septembre 2024

Ended
Kim Dorikens

Director · since 26 juin 2024

Ended
Ine Franssen

Director · since 12 novembre 2020

Ended
Charlotte De Backer

Director · since 25 septembre 2019

Ended
At this address

Other companies at this address

CompanyCBE no.
DE STROOMLIJN● Active
0886.337.894
ECONOMISCHE GROEP FLUVIUS● Active
0561.896.056
FLUVIUS IMEWO● Active
0215.362.368
Fluvius System Operator Pillar 2● Active
1015.539.223
SYNDUCTIS● Active
0502.445.845
TRANSCO ENERGY● Active
1015.563.076
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 date02/06/202606/06/202513/06/202414/05/202421/06/202225/06/2021
General meeting20/05/202614/05/202522/05/202424/05/202308/06/202226/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

43 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/05/202602/06/2026DutchPDF
Full model31/12/202414/05/202506/06/2025DutchPDF
m120-f-p31/12/202414/05/202506/06/2025DutchPDF
Full model31/12/202322/05/202413/06/2024DutchPDF
m120-f-p31/12/202322/05/202417/06/2024DutchPDF
Full modelCorrection31/12/202224/05/202314/05/2024DutchPDF
Full modelCorrection31/12/202224/05/202329/11/2023DutchPDF
Full model31/12/202224/05/202312/06/2023DutchPDF
m120-f-p31/12/2022—16/06/2023DutchPDF
Full model31/12/202108/06/202221/06/2022DutchPDF
m120-f-p31/12/202108/06/202205/07/2022DutchPDF
Full model31/12/202026/05/202125/06/2021DutchPDF
m120-f-p31/12/202026/05/202122/06/2021DutchPDF
Full model31/12/201927/05/202004/06/2020DutchPDF
m120-f-p31/12/201927/05/202004/06/2020DutchPDF
Full model31/12/201823/05/201921/06/2019DutchPDF
m120-f-p31/12/201801/01/999921/06/2019DutchPDF
Full model31/12/201727/06/201817/07/2018DutchPDF
m120-f-p31/12/201727/06/201816/07/2018DutchPDF
Full modelCorrection31/12/201619/05/201726/02/2018DutchPDF
Full model31/12/201619/05/201722/05/2017DutchPDF
m120-f-pCorrection31/12/201619/05/201726/02/2018DutchPDF
m120-f-p31/12/201619/05/201723/05/2017DutchPDF
Full model31/12/201529/04/201612/05/2016DutchPDF

View all 43 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 · 32 active · 24 ended

Active mandates

Carl Hanssens

Director · since 26 mars 2025

Active
Dirk Vansina

Director · since 26 mars 2025

Active
Filip Thienpont

Director · since 26 mars 2025

Active
Griet Lissens

Director · since 26 mars 2025

Active
Joris Vandenbroucke

Derde ondervoorzitter · since 26 mars 2025

Active
Laurence Libert

Director · since 26 mars 2025

Active
Leen Van Laere

Director · since 26 mars 2025

Active
Manuela Vervoort

Director · since 26 mars 2025

Active
Marie Behaeghe

Director · since 26 mars 2025

Active
Mark Vos

Director · since 26 mars 2025

Active
Mieke Vanrobaeys

Director · since 26 mars 2025

Active
Patrick Janssens

Director · since 26 mars 2025

Active
Jean-Pierre De Groef

Derde ondervoorzitter · since 25 septembre 2024 · until 26 mars 2025

Active
Kim Dorikens

Director · since 26 juin 2024 · until 26 mars 2025

Active
Ine Franssen

Director · since 12 novembre 2020 · until 26 mars 2025

Active
Charlotte De Backer

Director · since 25 septembre 2019 · until 26 mars 2025

Active
Adinda Van Gerven

Director · since 28 mars 2019

Active
Christof Dejaegher

Director · since 28 mars 2019

Active
David Coppens

Director · since 28 mars 2019 · until 26 mars 2025

Active
Guy Van de Perre

Director · since 28 mars 2019

Active
Jan Dalemans

Director · since 28 mars 2019 · until 26 mars 2025

Active
Jan Desmeth

Director · since 28 mars 2019

Active
Lieven Cobbaert

Director · since 28 mars 2019

Active
Nicky Martens

Director · since 28 mars 2019 · until 26 mars 2025

Active
Tom Kersemans

Director · since 28 mars 2019 · until 26 mars 2025

Active
Geert Cluckers

Director · since 01 juillet 2018 · until 26 mars 2025

Active
Lies Laridon

Director · since 01 juillet 2018 · until 26 mars 2025

Active
Wim Dries

Voorzitter · since 01 juillet 2018

Active
Christophe Peeters

Tweede ondervoorzitter · since 24 janvier 2018

Active
Greet Geypen

Director · since 27 mars 2013 · until 26 mars 2025

Active
Koen Kennis

Eerste ondervoorzitter · since 27 mars 2013

Active
Piet Buyse

Director · since 01 septembre 2010 · until 26 mars 2025

Active

Ended mandates

Jean-Pierre De Groef

Ondervoorzitter · since 25 septembre 2024

Ended
Kim Dorikens

Director · since 26 juin 2024

Ended
Ine Franssen

Director · since 12 novembre 2020

Ended
Charlotte De Backer

Director · since 25 septembre 2019

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Other06/07/2026
    —
    PDF
  • Capital / shares13/02/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Other02/01/2026
    DIVERSEN
    PDF
  • Mandates13/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/12/2024
    DIVERSEN
    PDF
  • Other14/10/2024
    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 20250 €↑
  2. 14/05/2025
    nominationEY Bedrijfsrevisoren BV — commissaris — duurzaamheidsrapportering
  3. 26/03/2025
    demissionGeert Cluckers — bestuurder
  4. 26/03/2025
    demissionLieven Cobbaert — bestuurder
  5. 26/03/2025
    demissionDavid Coppens — bestuurder
  6. 26/03/2025
    demissionJohan Dalemans — bestuurder
  7. 26/03/2025
    demissionCharlotte De Backer — bestuurder
  8. 26/03/2025
    demissionJean-Pierre De Groef — bestuurder
  9. 26/03/2025
    demissionChristof Dejaegher — bestuurder
  10. 26/03/2025
    demissionJan Desmeth — bestuurder
  11. 26/03/2025
    demissionKim Dorikens — bestuurder
  12. 26/03/2025
    demissionWim Dries — bestuurder
  13. 26/03/2025
    demissionWilhelmina Franssen — bestuurder
  14. 26/03/2025
    demissionGreet Geypen — bestuurder
  15. 26/03/2025
    demissionKoen Kennis — bestuurder
  16. 26/03/2025
    demissionTom Kersemans — bestuurder
  17. 26/03/2025
    demissionLies Laridon — bestuurder
  18. 26/03/2025
    demissionNicky Martens — bestuurder
  19. 26/03/2025
    demissionChristophe Peeters — bestuurder
  20. 26/03/2025
    demissionGuy Van de Perre — bestuurder
  21. 26/03/2025
    demissionAdinda Van Gerven — bestuurder
  22. 26/03/2025
    demissionPieter Buyse — bestuurder
  23. 26/03/2025
    nominationPatrick Janssens — lid van de Raad van Bestuur
  24. 26/03/2025
    nominationKoen Kennis — lid van de Raad van Bestuur
  25. 26/03/2025
    nominationAdinda Van Gerven — lid van de Raad van Bestuur
  26. 26/03/2025
    nominationMarie Behaeghe — lid van de Raad van Bestuur
  27. 26/03/2025
    nominationJan Desmeth — lid van de Raad van Bestuur
  28. 26/03/2025
    nominationChristophe Peeters — lid van de Raad van Bestuur
  29. 26/03/2025
    nominationFilip Thienpont — lid van de Raad van Bestuur
  30. 26/03/2025
    nominationJoris Vandenbroucke — lid van de Raad van Bestuur
  31. 26/03/2025
    nominationGuy Van de Perre — lid van de Raad van Bestuur
  32. 26/03/2025
    nominationWim Dries — lid van de Raad van Bestuur
  33. 26/03/2025
    nominationLaurence Libert — lid van de Raad van Bestuur
  34. 26/03/2025
    nominationMark Vos — lid van de Raad van Bestuur
  35. 26/03/2025
    nominationCarl Hanssens — lid van de Raad van Bestuur
  36. 26/03/2025
    nominationLeentje Van Laere — lid van de Raad van Bestuur
  37. 26/03/2025
    nominationLieven Cobbaert — lid van de Raad van Bestuur
  38. 26/03/2025
    nominationChristof Dejaegher — lid van de Raad van Bestuur
  39. 26/03/2025
    nominationMieke Vanrobaeys — lid van de Raad van Bestuur
  40. 26/03/2025
    nominationGriet Lissens — lid van de Raad van Bestuur
  41. 26/03/2025
    nominationDirk Vansina — lid van de Raad van Bestuur
  42. 26/03/2025
    nominationManuela Vervoort — lid van de Raad van Bestuur
  43. 2024
    Annual accounts 20240 €↓
  44. 25/09/2024
    nominationJean-Pierre De Groef — bestuurder
  45. 26/06/2024
    nominationKim Dorikens — bestuurder
  46. 2023
    Annual accounts 2023578,5 M €↑
  47. 01/07/2023
    nominationTom Ceuppens — directeur Netuitbating
  48. 01/07/2023
    nominationGuy Cosyns — directeur Klantendienst en Databeheer
  49. 01/07/2023
    nominationFrank Vanbrabant — CEO
  50. 01/07/2023
    nominationRaf Bellers — Directeur Netbeheer
  51. 01/07/2023
    nominationJean Pierre Hollevoet — Directeur Energie- en Klimaattransitie
  52. 01/07/2023
    nominationDavid Termont — Directeur Financieel Beheer, Legal en ICT
  53. 01/07/2023
    nominationIlse Van Belle — Directeur HR
  54. 01/07/2023
    nominationFilip Van Rompaey — Directeur Strategie
  55. 24/05/2023
    reconductionMarnix Van Dooren — Commissaris
  56. 2023
    Name changeFluvius System Operator
  57. 01/01/2023
    nominationBruce Almey — secretaris van de Raad van Bestuur
  58. 01/01/2023
    nominationFrank Vanbrabant — CEO
  59. 01/01/2023
    nominationTom Ceuppens — Directeur Klantendienst
  60. 01/01/2023
    nominationGuy Cosyns — Directeur Databeheer
  61. 01/01/2023
    nominationWim Den Roover — Directeur Netuitbating
  62. 01/01/2023
    nominationDavid Termont — Directeur Financieel Beheer en ICT
  63. 01/01/2023
    nominationIlse Van Belle — Directeur HR
  64. 01/01/2023
    nominationFilip Van Rompaey — Directeur Strategie
  65. 2022
    Annual accounts 20220 €
  66. 01/07/2022
    nominationJean Pierre Hollevoet — directeur Energie- en Klimaattransitie
  67. 01/07/2022
    nominationRaf Bellers — Directeur Netbeheer
  68. 2021
    Annual accounts 2021
  69. 2021
    Name changeFLUVIUS SYSTEM OPERATOR (Enkel)
  70. 30/04/2002
    IncorporationCooperative society