ACTIVE

Vlaams Energiebedrijf

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Financial year 2025 · Closed on 31/12/2025

Net result1,9 M €-7,1 %over 1 year
Revenue847 M €+36,8 %over 1 year
Equity50,5 M €+3,9 %over 1 year
Workforce103,9 ETP+6,9 %over 1 year

Identity

Source · BCE/KBO

Vlaams Energiebedrijf is a Public limited company incorporated in 2012. Its registered office is in Bruxelles. It employs on average 103,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0843.383.425
Incorporation
03/02/2012
Legal form
Public limited company
Registered office
Avenue du Port 88
1000 Bruxelles · BruxellesSee on map
Contributed capital
50 000 000,00 €
Latest accounts
31/12/2025
Average workforce
103,9 ETP
Joint committees (2)
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 15 filings

Trend over 14 financial years

20252024202320222021
Income statement
Revenue847 M €619,3 M €733,8 M €962,3 M €481,3 M €
EBITDA2,3 M €2,7 M €-457,2 k €893,3 k €2,9 M €
Operating result2,6 M €2,3 M €41,3 k €502,4 k €1,1 M €
Net result1,9 M €2 M €741 k €526,4 k €961,6 k €
Balance sheet
Equity50,5 M €48,6 M €46,6 M €45,9 M €45,3 M €
Total assets120 M €225,9 M €245,9 M €180,1 M €251,3 M €
Cash36,4 M €47,3 M €83,8 M €304,6 k €50,8 M €
Debts69,5 M €177,2 M €199,2 M €134,1 M €205,9 M €
Other
Workforce103,9 ETP97,2 ETP81,9 ETP67,8 ETP59,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 45 ended

Active mandates

Johan Vande Lanotte

Director · since 07 mai 2025 · until 07 mai 2031

Active
Jozef Wittouck

Chairman of the board of directors · since 07 mai 2025 · until 07 mai 2031

Active
Wim Verrelst

Director · since 07 mai 2025 · until 07 mai 2031

Active
Stijn Caekelbergh

Government commissioner · since 21 mars 2025

Active
Géraldine Nolens

Director · since 02 mai 2024 · until 02 mai 2030

Active
Leen Zwaenepoel

Director · since 02 mai 2024 · until 02 mai 2030

Active
Marc De Clercq

Chairman of the board of directors · since 06 mai 2020 · until 07 mai 2025

Active
Eric Christiaens

Director · since 06 mai 2015 · until 07 mai 2025

Active
Frank Geets

Director · since 06 mai 2015 · until 07 mai 2025

Active

Ended mandates

Laura Olaerts

Government commissioner · since 10 novembre 2023 · until 02 décembre 2024

Ended
Laura Olaerts

Government commissioner · since 10 novembre 2023

Ended
Marc De Clercq

Chairman of the board of directors · since 06 mai 2020 · until 06 mai 2026

Ended
Samir Louenchi

Government commissioner · since 30 avril 2020 · until 10 novembre 2023

Ended

Other companies at this address

Avenue du Port 88 1000 Bruxelles
CompanyCBE no.
Diestsepoort● Active
0885.191.811
Eigen Vermogen Digitaal Vlaanderen● Active
0643.634.986
Eigen Vermogen van het Instituut voor Natuur- en Bosonderzoek● Active
0898.934.731
European Chapter of the Society for Ecological Restoration (SER) International● Active
0849.548.764
FLANDERS SPECIAL VENUES● Active
0419.899.934
Garantiefonds voor Huisvesting● Liquidation
0548.967.045
GEPENSIONEERDENVERENIGING VOOR HET VLAAMS OVERHEIDSPERSONEEL● Active
0448.646.972
Milieu- en Natuurraad van Vlaanderen● Active
0812.019.662
Ministères de la Communauté flamande● Active
0316.380.841
Natuurinvest● Active
0887.269.985
NETWERK VOOR MANAGEMENT IN DE OPENBARE VLAAMSE INSTELLINGEN● Active
0463.657.426
SOCIALE DIENST VOOR HET VLAAMS OVERHEIDSPERSONEEL● Active
0443.639.002
STRATEGISCHE ADVIESRAAD RUIMTELIJKE ORDENING - ONROEREND ERFGOED● Active
0896.717.587
Vlaams Datanutsbedrijf● Active
0795.547.478
Vlaamse Gemeenschap● Active
0220.923.141
Vlaamse Gewest● Active
0220.819.807
VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN● Active
0236.506.487
VLAAMSE VERENIGING VOOR ICT-PERSONEEL● Active
0552.687.984
Vlaams Financieringsfonds voor Grond- en Woonbeleid voor Vlaams-Brabant● Liquidation
0254.011.524
VLAAMS PENSIOENFONDS● Active
0715.774.777

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 date08/05/202619/05/202513/05/202409/05/202317/05/202210/05/2021
General meeting06/05/202607/05/202502/05/202403/05/202304/05/202205/05/2021
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, 15 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202506/05/202608/05/2026DutchPDF
Full model31/12/202407/05/202519/05/2025DutchPDF
Full model31/12/202302/05/202413/05/2024DutchPDF
Full model31/12/202203/05/202309/05/2023DutchPDF
Full model31/12/202104/05/202217/05/2022DutchPDF
Full model31/12/202005/05/202110/05/2021DutchPDF
Full model31/12/201906/05/202011/05/2020DutchPDF
Full model31/12/201802/05/201914/05/2019DutchPDF
Full modelCorrection31/12/201702/05/201820/06/2018DutchPDF
Full model31/12/201702/05/201818/05/2018DutchPDF
Full model31/12/201603/05/201716/05/2017DutchPDF
Full model31/12/201504/05/201602/06/2016DutchPDF
Full model31/12/201406/05/201505/06/2015DutchPDF
Full model31/12/201307/05/201413/05/2014DutchPDF
Full model31/12/201202/05/201323/05/2013DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 45 ended

Active mandates

Johan Vande Lanotte

Director · since 07 mai 2025 · until 07 mai 2031

Active
Jozef Wittouck

Chairman of the board of directors · since 07 mai 2025 · until 07 mai 2031

Active
Wim Verrelst

Director · since 07 mai 2025 · until 07 mai 2031

Active
Stijn Caekelbergh

Government commissioner · since 21 mars 2025

Active
Géraldine Nolens

Director · since 02 mai 2024 · until 02 mai 2030

Active
Leen Zwaenepoel

Director · since 02 mai 2024 · until 02 mai 2030

Active
Marc De Clercq

Chairman of the board of directors · since 06 mai 2020 · until 07 mai 2025

Active
Eric Christiaens

Director · since 06 mai 2015 · until 07 mai 2025

Active
Frank Geets

Director · since 06 mai 2015 · until 07 mai 2025

Active

Ended mandates

Laura Olaerts

Government commissioner · since 10 novembre 2023 · until 02 décembre 2024

Ended
Laura Olaerts

Government commissioner · since 10 novembre 2023

Ended
Marc De Clercq

Chairman of the board of directors · since 06 mai 2020 · until 06 mai 2026

Ended
Samir Louenchi

Government commissioner · since 30 avril 2020 · until 10 novembre 2023

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/05/2026
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/10/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares30/03/2021
    KAPITAAL - AANDELEN
    PDF
  • Other24/03/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

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 20251,9 M €↓
  2. 07/05/2025
    nominationBDO-Bedrijfsrevisoren — commissaris
  3. 07/05/2025
    nominationJohan Vande Lanotte — bestuurder
  4. 07/05/2025
    nominationJozef Wittouck — bestuurder
  5. 07/05/2025
    nominationWim Verrelst — bestuurder
  6. 2024
    Annual accounts 20242 M €↑
  7. 02/05/2024
    nominationLeen Zwaenepoel — Bestuurder
  8. 02/05/2024
    nominationGéraldine Nolens — Bestuurder
  9. 2023
    Annual accounts 2023741 k €↑
  10. 2022
    Annual accounts 2022526,4 k €↓
  11. 04/05/2022
    reconductionBDO-Bedrijfsrevisoren — commissaris
  12. 2021
    Annual accounts 2021961,6 k €↑
  13. 2020
    Annual accounts 2020395,6 k €↓
  14. 2019
    Annual accounts 2019664,3 k €↓
  15. 2018
    Annual accounts 2018861,9 k €↑
  16. 2017
    Annual accounts 2017-1,9 M €↓
  17. 2016
    Annual accounts 2016-1,8 M €↓
  18. 2015
    Annual accounts 2015-1,8 M €↓
  19. 2014
    Annual accounts 2014-1,4 M €↓
  20. 2013
    Annual accounts 2013-708,8 k €↓
  21. 2012
    Annual accounts 201249,2 k €
  22. 03/02/2012
    IncorporationPublic limited company