ACTIVE

Fluvius System Operator

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Financial year 2025 · Closed on 31/12/2025

Net result0 €
Revenue2,9 Md €+6,6 %over 1 year
Equity993,8 M €0,0 %over 1 year
Workforce5 326,3 ETP+3,9 %over 1 year

Identity

Source · BCE/KBO

Fluvius System Operator is a Cooperative society incorporated in 2002. Its main activity is: Production of electricity. 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

Financials

Source · NBB, 43 filings

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

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

32 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Carl Hanssens
Directorsince 26/03/2025
Dirk Vansina
Directorsince 26/03/2025
Filip Thienpont
Directorsince 26/03/2025
Griet Lissens
Directorsince 26/03/2025
Joris Vandenbroucke
Derde ondervoorzittersince 26/03/2025
Laurence Libert
Directorsince 26/03/2025
Leen Van Laere
Directorsince 26/03/2025
Manuela Vervoort
Directorsince 26/03/2025
Marie Behaeghe
Directorsince 26/03/2025
Mark Vos
Directorsince 26/03/2025
Mieke Vanrobaeys
Directorsince 26/03/2025
Patrick Janssens
Directorsince 26/03/2025
Jean-Pierre De Groef
Derde ondervoorzitter25/09/2024 → 26/03/2025Ondervoorzitter25/09/2024 → 2024 accountsended
Kim Dorikens
Director26/06/2024 → 26/03/2025
Ine Franssen
Director12/11/2020 → 26/03/2025
Charlotte De Backer
Director25/09/2019 → 26/03/2025
Adinda Van Gerven
Directorsince 28/03/2019
Christof Dejaegher
Directorsince 27/03/2013
Christophe Peeters
Tweede ondervoorzittersince 24/01/2018
David Coppens
Director28/03/2019 → 26/03/2025
Geert Cluckers
Director01/07/2018 → 26/03/2025
Greet Geypen
Director27/03/2013 → 26/03/2025
Guy Van de Perre
Directorsince 28/03/2019
Jan Dalemans
Director28/03/2019 → 26/03/2025
Jan Desmeth
Directorsince 28/03/2019
Koen Kennis
Eerste ondervoorzittersince 27/03/2013
Lies Laridon
Director01/07/2018 → 26/03/2025
Lieven Cobbaert
Directorsince 28/03/2019
Nicky Martens
Director28/03/2019 → 26/03/2025
Piet Buyse
Director01/09/2010 → 26/03/2025Voorzitter28/03/2019 → 2021 accountsended
Tom Kersemans
Director28/03/2019 → 26/03/2025
Wim Dries
Voorzittersince 01/07/2018Director28/03/2019 → 2021 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Hans Bonte
Ondervoorzitter28/03/2019 → 02/07/2024
Kristien Vingerhoets
Director28/03/2019 → 2021 accounts

Other companies at this address

Brusselsesteenweg 199 9090 Merelbeke-Melle
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

Full financial information

Source · NBB
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 43 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/05/202602/06/2026DutchPDF
Full model31/12/202414/05/202506/06/2025DutchPDF
Consolidated accounts31/12/202414/05/202506/06/2025DutchPDF
Full model31/12/202322/05/202413/06/2024DutchPDF
Consolidated accounts31/12/202322/05/202417/06/2024DutchPDF
Full modelCorrection31/12/202224/05/202314/05/2024DutchPDF
Full modelCorrection31/12/202224/05/202329/11/2023DutchPDF
Full model31/12/202224/05/202312/06/2023DutchPDF
Consolidated accounts31/12/2022—16/06/2023DutchPDF
Full model31/12/202108/06/202221/06/2022DutchPDF
Consolidated accounts31/12/202108/06/202205/07/2022DutchPDF
Full model31/12/202026/05/202125/06/2021DutchPDF
Consolidated accounts31/12/202026/05/202122/06/2021DutchPDF
Full model31/12/201927/05/202004/06/2020DutchPDF
Consolidated accounts31/12/201927/05/202004/06/2020DutchPDF
Full model31/12/201823/05/201921/06/2019DutchPDF
Consolidated accounts31/12/201801/01/999921/06/2019DutchPDF
Full model31/12/201727/06/201817/07/2018DutchPDF
Consolidated accounts31/12/201727/06/201816/07/2018DutchPDF
Full modelCorrection31/12/201619/05/201726/02/2018DutchPDF
Full model31/12/201619/05/201722/05/2017DutchPDF
Consolidated accountsCorrection31/12/201619/05/201726/02/2018DutchPDF
Consolidated accounts31/12/201619/05/201723/05/2017DutchPDF
Full model31/12/201529/04/201612/05/2016DutchPDF
Consolidated accounts31/12/201529/04/201617/05/2016DutchPDF
Full model31/12/201425/04/201512/05/2015DutchPDF
Consolidated accounts31/12/201424/04/201512/05/2015DutchPDF
Full model31/12/201325/04/201412/05/2014DutchPDF
Consolidated accounts31/12/201325/04/201412/05/2014DutchPDF
Full model31/12/201226/04/201308/05/2013DutchPDF
Consolidated accounts31/12/201226/04/201308/05/2013DutchPDF
Full model31/12/201127/04/201207/05/2012DutchPDF
Consolidated accounts31/12/201127/04/201204/05/2012DutchPDF
Full model31/12/201029/04/201113/05/2011DutchPDF
Consolidated accounts31/12/201029/04/201112/05/2011DutchPDF
Full model31/12/200930/04/201027/05/2010DutchPDF
Consolidated accounts31/12/200930/04/201027/05/2010DutchPDF
Full model31/12/200830/04/200914/05/2009DutchPDF
Consolidated accounts31/12/200830/04/200920/05/2009DutchPDF
Full modelCorrection31/12/200730/04/200823/04/2009DutchPDF
Full model31/12/200730/04/200804/06/2008DutchPDF
Consolidated accounts31/12/200730/04/200823/05/2008DutchPDF
Full model31/12/200606/06/200728/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

32 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Carl Hanssens
Directorsince 26/03/2025
Dirk Vansina
Directorsince 26/03/2025
Filip Thienpont
Directorsince 26/03/2025
Griet Lissens
Directorsince 26/03/2025
Joris Vandenbroucke
Derde ondervoorzittersince 26/03/2025
Laurence Libert
Directorsince 26/03/2025
Leen Van Laere
Directorsince 26/03/2025
Manuela Vervoort
Directorsince 26/03/2025
Marie Behaeghe
Directorsince 26/03/2025
Mark Vos
Directorsince 26/03/2025
Mieke Vanrobaeys
Directorsince 26/03/2025
Patrick Janssens
Directorsince 26/03/2025
Jean-Pierre De Groef
Derde ondervoorzitter25/09/2024 → 26/03/2025Ondervoorzitter25/09/2024 → 2024 accountsended
Kim Dorikens
Director26/06/2024 → 26/03/2025
Ine Franssen
Director12/11/2020 → 26/03/2025
Charlotte De Backer
Director25/09/2019 → 26/03/2025
Adinda Van Gerven
Directorsince 28/03/2019
Christof Dejaegher
Directorsince 27/03/2013
Christophe Peeters
Tweede ondervoorzittersince 24/01/2018
David Coppens
Director28/03/2019 → 26/03/2025
Geert Cluckers
Director01/07/2018 → 26/03/2025
Greet Geypen
Director27/03/2013 → 26/03/2025
Guy Van de Perre
Directorsince 28/03/2019
Jan Dalemans
Director28/03/2019 → 26/03/2025
Jan Desmeth
Directorsince 28/03/2019
Koen Kennis
Eerste ondervoorzittersince 27/03/2013
Lies Laridon
Director01/07/2018 → 26/03/2025
Lieven Cobbaert
Directorsince 28/03/2019
Nicky Martens
Director28/03/2019 → 26/03/2025
Piet Buyse
Director01/09/2010 → 26/03/2025Voorzitter28/03/2019 → 2021 accountsended
Tom Kersemans
Director28/03/2019 → 26/03/2025
Wim Dries
Voorzittersince 01/07/2018Director28/03/2019 → 2021 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Hans Bonte
Ondervoorzitter28/03/2019 → 02/07/2024
Kristien Vingerhoets
Director28/03/2019 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings5 filings
Mandates
Mark Vos
Dirk Vansina
Marie Behaeghe
Patrick Janssens
Carl Hanssens
Griet Lissens
Laurence Libert
Filip Thienpont
Mieke Vanrobaeys
Manuela Vervoort
Joris Vandenbroucke
Leen Van Laere
2002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
Fluvius System OperatorFLUVIUS SYSTEM OPERATOR (Enkel)
Brusselsesteenweg 199, 9090 Merelbeke-Melle
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Derde ondervoorzitter
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Brusselsesteenweg 199, 9090 Merelbeke-MelleCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00150303

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Fluvius System OperatorCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00150303
FLUVIUS SYSTEM OPERATOR (Enkel)
accounts 2021 → 2022
Accounts 2022 · 2023-00129576

Events

  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. 2023
    Name changeFluvius System Operator
  48. 01/07/2023
    nominationTom Ceuppens · directeur Netuitbating
  49. 01/07/2023
    nominationGuy Cosyns · directeur Klantendienst en Databeheer
  50. 01/07/2023
    nominationFrank Vanbrabant · CEO
  51. 01/07/2023
    nominationRaf Bellers · Directeur Netbeheer
  52. 01/07/2023
    nominationJean Pierre Hollevoet · Directeur Energie- en Klimaattransitie
  53. 01/07/2023
    nominationDavid Termont · Directeur Financieel Beheer, Legal en ICT
  54. 01/07/2023
    nominationIlse Van Belle · Directeur HR
  55. 01/07/2023
    nominationFilip Van Rompaey · Directeur Strategie
  56. 24/05/2023
    reconductionMarnix Van Dooren · Commissaris
  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. 30/04/2002
    IncorporationCooperative society