RESA
0847.027.754 · rovalta.com · 24/09/2026
ACTIVE
RESA
Financial year 2025 · Closed on 31/12/2025
Net result
49,3 M €
+2,2 %over 1 yearRevenue
386,4 M €
+0,6 %over 1 yearEquity
985,6 M €
+3,1 %over 1 yearWorkforce
930,6 ETP
-0,9 %over 1 yearOverview
Identity
Source · BCE/KBORESA is a Public limited company incorporated in 2012. Its main activity is: Production of electricity. Its registered office is in Liège. It employs on average 930,6 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0847.027.754
- Incorporation
- 02/07/2012
- Legal form
- Public limited company
- Registered office
- Boulevard d'Avroy 38
4000 Liège · WallonieSee on map - Contributed capital
- 657 880 492,30 €
- Latest accounts
- 31/12/2025
- Average workforce
- 930,6 ETP
Activities (NACE)
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 14 filingsTrend over 14 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 386,4 M € | +0.6% | 383,9 M € | -2.3% | 393 M € | +7.7% | 364,9 M € | +11.2% | 328,1 M € |
| EBITDA | 151,8 M € | +6.5% | 142,5 M € | +9.5% | 130,1 M € | +11.6% | 116,6 M € | -8.2% | 127,1 M € |
| Operating result | 85 M € | +10.5% | 76,9 M € | +3.0% | 74,7 M € | +13.8% | 65,6 M € | -9.1% | 72,2 M € |
| Net result | 49,3 M € | +2.2% | 48,3 M € | -5.6% | 51,1 M € | +21.7% | 42 M € | -12.3% | 47,9 M € |
| Balance sheet | |||||||||
| Equity | 985,6 M € | +3.1% | 955,6 M € | +6.9% | 894,3 M € | +3.9% | 860,7 M € | +2.8% | 837,1 M € |
| Total assets | 2,2 Md € | +15.0% | 2 Md € | +7.3% | 1,8 Md € | +6.7% | 1,7 Md € | +2.3% | 1,7 Md € |
| Cash | 58,7 M € | +92.5% | 30,5 M € | +28.0% | 23,8 M € | -42.0% | 41,1 M € | +28.4% | 32 M € |
| Debts | 1,2 Md € | +26.0% | 973,5 M € | +6.6% | 913,1 M € | +10.1% | 829,7 M € | +2.6% | 808,7 M € |
| Other | |||||||||
| Workforce | 930,6 ETP | -0.9% | 939,2 ETP | -1.6% | 954,4 ETP | +1.8% | 937,6 ETP | +0.1% | 936,9 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 500 M€ and 1.000 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202526 active · 106 ended
Active mandates
Jacques CHABOT
ActiveCaroline SAAL
ActiveAndré DENIS
ActiveAnne THANS-DEBRUGE
ActiveAntoine LUKOKI KONDA
ActiveAntoine PELOSATO
ActiveBenjamin HOUET
ActiveEmmanuel DOUETTE
ActiveEric GILLET
ActiveLuc GILLARD
ActiveMélanie LEPONCE
ActiveNicolas du FONTBARE
ActivePaul ERNOUX
ActivePhilippe GROSJEAN
ActiveAntonio GOMEZ GARCIA
ActiveFabian PAVONE
ActiveFrançois SCHREUER
ActivePaul ERNOUX
ActiveRodrigue DEMEUSE
ActiveMarie-Josée LOMBARDO
ActiveMalik BEN ACHOUR
ActiveMichel GRIGNARD
ActiveThomas BOLS
ActiveCaroline SAAL
ActiveGuy COEME
ActivePol GUILLAUME
ActiveEnded mandates
Antonio GOMEZ GARCIA
EndedFabian PAVONE
EndedFrançois SCHREUER
EndedPaul ERNOUX
EndedOther companies at this address
Boulevard d'Avroy 38 4000 Liège| Company | CBE no. |
|---|---|
RESA Holding● Active | 1001.753.642 |
RESA Innovation et Technologie● Active | 0724.552.089 |
TRANSENERGIE● Active | 1003.748.377 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| 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 | 18/06/2026 | 25/06/2025 | 14/06/2024 | 12/06/2023 | 11/08/2022 | 12/07/2021 |
| General meeting | 02/06/2026 | 04/06/2025 | 05/06/2024 | 07/06/2023 | 25/05/2022 | 02/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 14 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 02/06/2026 | 18/06/2026 | French | |
| Full model | 31/12/2024 | 04/06/2025 | 25/06/2025 | French | |
| Full model | 31/12/2023 | 05/06/2024 | 14/06/2024 | French | |
| Full model | 31/12/2022 | 07/06/2023 | 12/06/2023 | French | |
| Full model | 31/12/2021 | 25/05/2022 | 11/08/2022 | French | |
| Full model | 31/12/2020 | 02/06/2021 | 12/07/2021 | French | |
| Full model | 31/12/2019 | 17/06/2020 | 08/07/2020 | French | |
| Full model | 31/12/2018 | 25/04/2019 | 23/05/2019 | French | |
| Full model | 31/12/2017 | 26/04/2018 | 11/05/2018 | French | |
| Full model | 31/12/2016 | 27/04/2017 | 12/06/2017 | French | |
| Full model | 31/12/2015 | 28/04/2016 | 02/05/2016 | French | |
| Full model | 31/12/2014 | 30/04/2015 | 03/06/2015 | French | |
| Full model | 31/12/2013 | 24/04/2014 | 03/06/2014 | French | |
| Full model | 31/12/2012 | 25/04/2013 | 15/05/2013 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 M€ and 1.000 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202526 active · 106 ended
Active mandates
Jacques CHABOT
ActiveCaroline SAAL
ActiveAndré DENIS
ActiveAnne THANS-DEBRUGE
ActiveAntoine LUKOKI KONDA
ActiveAntoine PELOSATO
ActiveBenjamin HOUET
ActiveEmmanuel DOUETTE
ActiveEric GILLET
ActiveLuc GILLARD
ActiveMélanie LEPONCE
ActiveNicolas du FONTBARE
ActivePaul ERNOUX
ActivePhilippe GROSJEAN
ActiveAntonio GOMEZ GARCIA
ActiveFabian PAVONE
ActiveFrançois SCHREUER
ActivePaul ERNOUX
ActiveRodrigue DEMEUSE
ActiveMarie-Josée LOMBARDO
ActiveMalik BEN ACHOUR
ActiveMichel GRIGNARD
ActiveThomas BOLS
ActiveCaroline SAAL
ActiveGuy COEME
ActivePol GUILLAUME
ActiveEnded mandates
Antonio GOMEZ GARCIA
EndedFabian PAVONE
EndedFrançois SCHREUER
EndedPaul ERNOUX
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates17/07/2026DEMISSIONS, NOMINATIONS
- Registered office28/05/2026SIEGE SOCIAL
- Mandates23/03/2026DEMISSIONS, NOMINATIONS - DIVERS
- Mandates13/02/2026DEMISSIONS, NOMINATIONS
- Mandates20/11/2025DEMISSIONS, NOMINATIONS
- Mandates15/10/2025DEMISSIONS, NOMINATIONS
- Mandates09/09/2025DEMISSIONS, NOMINATIONS
- Mandates29/07/2025DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 27/01/2026nominationGil SIMON — Directeur général
- 2025Annual accounts 202549,3 M €↑
- 17/12/2025nominationJacques CHABOT — Administrateur représentant la province actionnaire
- 17/12/2025nominationJonathan DAWANCE — Observateur syndical
- 07/10/2025nominationJacques CHABOT — administrateur
- 04/06/2025nominationEmmanuel DOUETTE — administrateur
- 04/06/2025nominationBenjamin HOUET — administrateur
- 04/06/2025nominationPhillipe GROSJEAN — administrateur
- 04/06/2025nominationAntoine PELOSATO — administrateur
- 04/06/2025nominationEric GILLET — administrateur
- 04/06/2025nominationLuc GILLARD — administrateur
- 04/06/2025nominationAndré DENIS — administrateur
- 04/06/2025nominationMélanie LEPONCE — administrateur
- 04/06/2025nominationAntoine LUKOKI — administrateur
- 04/06/2025nominationNicolas du FONTBARÉ — administrateur
- 04/06/2025nominationEmmanuel DOUETTE — Président du Conseil d'Administration
- 04/06/2025nominationPhilippe GROSJEAN — Vice-Président du Conseil d'Administration
- 04/06/2025nominationGil SIMON — Directeur général
- 2024Annual accounts 202448,3 M €↓
- 18/12/2024reconductionRodrigue DEMEUSE — administrateur
- 18/12/2024reconductionFabian PAVONE — administrateur
- 18/12/2024reconductionFrançois SCHREUER — administrateur
- 18/12/2024reconductionAntonio GOMEZ-GARCIA — administrateur
- 18/12/2024nominationM. Fabian PAVONE — administrateur
- 18/12/2024nominationM. François SCHREUER — administrateur
- 18/12/2024nominationM. Antonio GOMEZ GARCIA — administrateur
- 18/12/2024nominationM. Rodrigue DEMEUSE — administrateur
- 18/12/2024nominationM. Paul ERNOUX — Observateur
- 03/12/2024nominationMme LOMBARDO — Présidente du Conseil d'administration
- 05/06/2024nominationPwC réviseurs d'entreprise SRL — Réviseur d'entreprises
- 2024Name changeRESA SA Intercommunale
- 2023Annual accounts 202351,1 M €↑
- 28/06/2023nominationOlivier Spirlet — Directeur financier, Membre du Comité de Direction
- 28/06/2023nominationLuc Meyers — représenter la société auprès des administrations fiscales
- 2022Annual accounts 202242 M €↓
- 21/12/2022nominationMehdi BOUZALGHA — Administrateur représentant les Communes actionnaires
- 29/06/2022nominationMehdi BOUZALGHA — administrateur
- 2021Annual accounts 202147,9 M €↓
- 2020Annual accounts 202049,8 M €↓
- 27/05/2020nominationGil SIMON — Directeur général
- 2019Annual accounts 201951,5 M €↓
- 2018Annual accounts 201858 M €↑
- 2017Annual accounts 201750,9 M €↑
- 2016Annual accounts 201644,3 M €↓
- 2015Annual accounts 201550,9 M €↑
- 2014Annual accounts 201420,1 M €
- 2014Name changeRESA
- 2013Annual accounts 2013
- 2012Annual accounts 2012
- 02/07/2012IncorporationPublic limited company
- 2012Name changeRESA Services