ACTIVE

ASPIRAVI

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Financial year 2025 · closed on 31/12/2025
Net result
29,6 M €
-45.4% YoY
Revenue
79,5 M €
-0.0% YoY
Equity
108,5 M €
+0.0% YoY
Workforce
48,7 ETP
+3.2% YoY

What does ASPIRAVI do?

ASPIRAVI is a Public limited company incorporated in 2002. Its main activity is: Production of electricity. Its registered office is in Kortrijk. It employs on average 48,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.518.825
Incorporation
15/05/2002
Legal form
Public limited company
Registered office
President Kennedypark(Kor) 8A box 1
8500 Kortrijk · FlandreSee on map
Contributed capital
6 242 616,17 €
Latest accounts
31/12/2025
Average workforce
48,7 ETP
Activities (NACE)
35110Production of electricity· main35110Production of electricity40110Production d'électricité64200Activities of holding companies64210Activities of holding companies74151Specialised design activities
Joint committees (3)
  • 14901
  • 218
  • 326
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720142013201220112010200920072006
Income statement
Revenue79,5 M €79,5 M €95,7 M €57,3 M €51,9 M €52,2 M €55,9 M €48,6 M €41,3 M €36,9 M €38,4 M €31,4 M €29,1 M €21,9 M €18,2 M €9,4 M €8 M €
EBITDA47,5 M €47,9 M €61,4 M €27,7 M €32 M €36,1 M €37 M €36,9 M €32,9 M €22,7 M €23,4 M €18,8 M €20,8 M €13,9 M €12,1 M €6,2 M €3,9 M €
Operating result29 M €31,8 M €52,9 M €11,6 M €18,8 M €22,1 M €22,8 M €21,8 M €16,7 M €9,6 M €10,1 M €8,6 M €12,5 M €6,3 M €5,4 M €3,6 M €2,2 M €
Net result29,6 M €54,2 M €51,6 M €16,2 M €23,4 M €27,3 M €26,9 M €22 M €10,8 M €6 M €7 M €6,2 M €22,3 M €8,1 M €4,1 M €3 M €2,1 M €
Balance sheet
Equity108,5 M €108,5 M €84,4 M €70,2 M €70,2 M €70,2 M €55,5 M €41,9 M €31,7 M €31,3 M €35,8 M €39,1 M €32,9 M €26,6 M €20,5 M €17,5 M €15,8 M €
Total assets333 M €315,2 M €239,7 M €177,3 M €173,3 M €170,6 M €164,3 M €154,9 M €147,8 M €147,6 M €161 M €153,3 M €141,4 M €109,7 M €95 M €43,7 M €35,5 M €
Cash4,8 M €7,6 M €4,1 M €3,4 M €5,1 M €4,1 M €22,9 M €5,7 M €6,6 M €13,4 M €7,5 M €2,9 M €5,1 M €2,4 M €1,6 M €114,7 k €116,1 k €
Debts218,7 M €200,2 M €149,5 M €95,4 M €98,9 M €95,8 M €103,6 M €108,5 M €112 M €113,1 M €121,3 M €111,2 M €106,5 M €81,6 M €73,4 M €24,9 M €18,7 M €
Other
Workforce48,7 ETP47,2 ETP42,8 ETP40,4 ETP38,9 ETP45,0 ETP49,8 ETP47,6 ETP43,3 ETP37,9 ETP36,8 ETP35,2 ETP31,5 ETP27,4 ETP23,5 ETP8,7 ETP8,6 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 · 11 active · 94 ended

Active mandates

Kristof Bossuyt

Director · since 24 juin 2025 · until 26 avril 2029

Active
Estos

Director · since 30 avril 2025 · until 26 avril 2029 · 1008.036.371

Represented by Eric Spiessens

Active
Habib el Ouakili

Director · since 30 avril 2025 · until 26 avril 2029

Active
Joris Laenen

Director · since 30 avril 2025 · until 26 avril 2029

Active
Raf Drieskens

Chairman of the board of directors · since 30 avril 2025 · until 26 avril 2029

Active
David De Brabant

Director · since 26 avril 2023 · until 26 avril 2029

Active
Guy Dumst

Director · since 26 avril 2023 · until 26 avril 2029

Active
Jan Valgaeren

Director · since 26 avril 2023 · until 26 avril 2029

Active
Kevin Defieuw

Director · since 26 avril 2023 · until 26 avril 2029

Active
Mark Vanleeuw

Director · since 26 avril 2023 · until 26 avril 2029

Active
Toon Vancoillie

Director · since 26 avril 2023 · until 26 avril 2029

Active

Ended mandates

Estos

Director · since 22 octobre 2024 · until 30 avril 2025 · 1008.036.371

Represented by Eric Spiessens

Ended
Joris Laenen

Director · since 22 octobre 2024 · until 30 avril 2025

Ended
Sven Vlietinck

Director · since 24 avril 2024 · until 26 avril 2029

Ended
Willy Claes

Director · since 24 avril 2024 · until 26 avril 2029

Ended
At this address

Other companies at this address

CompanyCBE no.
AEB Energy Storage● Active
1036.071.549
A&P WIND SERVICES● Active
0563.425.686
ASPIRAVI ANTILLEN● Active
0654.923.313
ASPIRAVI ENERGY● Active
0553.706.187
ASPIRAVI HOLDING● Active
0833.432.809
ASPIRAVI INTERNATIONAL● Active
0665.755.639
ASPIRAVI OFFSHORE● Active
0477.948.593
ASPIRAVI OFFSHORE II● Active
0847.319.645
Cableco● Active
0631.913.428
Northwind● Active
0894.163.222
TeaMWise● Active
0552.706.295
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
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 date29/05/202629/05/202528/06/202422/05/202324/05/202217/05/2021
General meeting29/04/202630/04/202524/04/202426/04/202327/04/202228/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

25 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/04/202629/05/2026DutchPDF
Full model31/12/202430/04/202529/05/2025DutchPDF
Full model31/12/202324/04/202428/06/2024DutchPDF
Full model31/12/202226/04/202322/05/2023DutchPDF
Full model31/12/202127/04/202224/05/2022DutchPDF
Consolidated accounts31/12/202127/04/202227/05/2022DutchPDF
Full model31/12/202028/04/202116/05/2021DutchPDF
Consolidated accounts31/12/202028/04/202117/05/2021DutchPDF
Full model31/12/201925/03/202019/05/2020DutchPDF
Consolidated accounts31/12/201929/04/202019/05/2020DutchPDF
Full model31/12/201824/04/201921/05/2019DutchPDF
Consolidated accounts31/12/201825/06/201916/07/2019DutchPDF
Full model31/12/201725/04/201822/05/2018DutchPDF
Full model31/12/201626/04/201722/05/2017DutchPDF
Full model31/12/201527/04/201612/05/2016DutchPDF
Full model31/12/201429/04/201520/05/2015DutchPDF
Full model31/12/201330/04/201416/05/2014DutchPDF
Full model31/12/201224/04/201316/05/2013DutchPDF
Full modelCorrection31/12/201125/04/201227/09/2012DutchPDF
Full model31/12/201125/04/201203/05/2012DutchPDF
Full model31/12/201027/04/201111/05/2011DutchPDF
Full model31/12/200928/04/201006/05/2010DutchPDF
Full model31/12/200829/04/200905/05/2009DutchPDF
Full model31/12/200730/04/200808/05/2008DutchPDF

View all 25 filings

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 · 11 active · 94 ended

Active mandates

Kristof Bossuyt

Director · since 24 juin 2025 · until 26 avril 2029

Active
Estos

Director · since 30 avril 2025 · until 26 avril 2029 · 1008.036.371

Represented by Eric Spiessens

Active
Habib el Ouakili

Director · since 30 avril 2025 · until 26 avril 2029

Active
Joris Laenen

Director · since 30 avril 2025 · until 26 avril 2029

Active
Raf Drieskens

Chairman of the board of directors · since 30 avril 2025 · until 26 avril 2029

Active
David De Brabant

Director · since 26 avril 2023 · until 26 avril 2029

Active
Guy Dumst

Director · since 26 avril 2023 · until 26 avril 2029

Active
Jan Valgaeren

Director · since 26 avril 2023 · until 26 avril 2029

Active
Kevin Defieuw

Director · since 26 avril 2023 · until 26 avril 2029

Active
Mark Vanleeuw

Director · since 26 avril 2023 · until 26 avril 2029

Active
Toon Vancoillie

Director · since 26 avril 2023 · until 26 avril 2029

Active

Ended mandates

Estos

Director · since 22 octobre 2024 · until 30 avril 2025 · 1008.036.371

Represented by Eric Spiessens

Ended
Joris Laenen

Director · since 22 octobre 2024 · until 30 avril 2025

Ended
Sven Vlietinck

Director · since 24 avril 2024 · until 26 avril 2029

Ended
Willy Claes

Director · since 24 avril 2024 · until 26 avril 2029

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office06/01/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates25/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/02/2024
    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

Timeline

  1. 29/04/2026
    nominationKristof Bossuyt — bestuurder
  2. 29/04/2026
    nominationElie Janssens — commissaris
  3. 2025
    Annual accounts 202529,6 M €↓
  4. 24/06/2025
    nominationKristof Bossuyt — bestuurder
  5. 24/06/2025
    nominationBernard Steverlynck — algemeen directeur
  6. 30/04/2025
    nominationJoris Laenen — bestuurder
  7. 30/04/2025
    nominationEric Spiessens — bestuurder (vertegenwoordiger CommV Estos)
  8. 30/04/2025
    nominationRaf Drieskens — bestuurder
  9. 30/04/2025
    nominationHabib el Ouakili — bestuurder
  10. 2024
    Annual accounts 202454,2 M €↑
  11. 22/10/2024
    nominationJoris Laenen — bestuurder
  12. 24/04/2024
    nominationWilly Claes — bestuurder
  13. 24/04/2024
    nominationSven Vlietinck — bestuurder
  14. 01/04/2024
    nominationBernard Steverlynck — algemeen directeur
  15. 2023
    Annual accounts 202351,6 M €↑
  16. 24/10/2023
    nominationSven Vlietinck — bestuurder
  17. 26/04/2023
    reconductionGuy Dumst — bestuurder
  18. 26/04/2023
    reconductionMark Vanleeuw — bestuurder
  19. 26/04/2023
    reconductionMarc Schepers — bestuurder
  20. 26/04/2023
    reconductionJan Valgaeren — bestuurder
  21. 26/04/2023
    reconductionThierry de Grunne — bestuurder
  22. 26/04/2023
    reconductionKevin Defieuw — bestuurder
  23. 26/04/2023
    reconductionToon Vancoillie — bestuurder
  24. 26/04/2023
    nominationPeter Wouters — bestuurder
  25. 26/04/2023
    nominationDavid De Brabant — bestuurder
  26. 26/04/2023
    reconductionEric Spiessens — bestuurder
  27. 26/04/2023
    nominationBenoit Verwilghen — bestuurder
  28. 26/04/2023
    nominationFrancis Boelens — vaste vertegenwoordiger (commissaris)
  29. 2022
    Annual accounts 202216,2 M €↓
  30. 25/10/2022
    nominationJan Valgaeren — bestuurder
  31. 27/04/2022
    nominationJan Valgaeren Advies GCV — bestuurder
  32. 27/04/2022
    nominationMarc Schepers — bestuurder
  33. 29/03/2022
    nominationJan Valgaeren Advies GCV — bestuurder
  34. 2021
    Annual accounts 202123,4 M €↓
  35. 2020
    Annual accounts 202027,3 M €↑
  36. 2019
    Annual accounts 201926,9 M €↑
  37. 2018
    Annual accounts 201822 M €↑
  38. 2017
    Annual accounts 201710,8 M €↑
  39. 2014
    Annual accounts 20146 M €↓
  40. 2013
    Annual accounts 20137 M €↑
  41. 2012
    Annual accounts 20126,2 M €↓
  42. 2011
    Annual accounts 201122,3 M €↑
  43. 2010
    Annual accounts 20108,1 M €↑
  44. 2009
    Annual accounts 20094,1 M €↑
  45. 2007
    Annual accounts 20073 M €↑
  46. 2006
    Annual accounts 20062,1 M €
  47. 15/05/2002
    IncorporationPublic limited company