ACTIVE

Fluvius Riobra

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

-51.6% YoY

Revenue

22,1 M €

+12.8% YoY

Equity

261 M €

+6.1% YoY

What does Fluvius Riobra do?

Fluvius Riobra is a Project leader organization, Flemish Region incorporated in 2005. Its main activity is: Sewerage. Its registered office is in Lubbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.051.819

Incorporation

07/12/2005

Legal form

Project leader organization, Flemish Region

Registered office

Diestsesteenweg(LIN) 126
3210 Lubbeek · FlandreSee on map

Contributed capital

150 450 748,93 €

Latest accounts

31/12/2025

Activities (NACE)

37000Sewerage· main 37000Sewerage 90010Performing arts

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	22,1 M €	+12.8%	19,6 M €	+1.5%	19,3 M €	+6.3%	18,2 M €	+1.5%	17,9 M €	+3.1%	17,4 M €	+6.3%	16,3 M €	-0.3%	16,4 M €	+12.5%	14,6 M €	+2.6%	14,2 M €	-0.2%	14,2 M €	+22.3%	11,6 M €	-0.8%	11,7 M €	+7.6%	10,9 M €	+7.0%	10,2 M €	+1.2%	10,1 M €	-15.7%	11,9 M €	+47.8%	8,1 M €	+31.4%	6,1 M €	-11.0%	6,9 M €
EBITDA	9,4 M €	+3.8%	9 M €	-3.8%	9,4 M €	+12.1%	8,4 M €	-0.8%	8,4 M €	-12.1%	9,6 M €	+23.4%	7,8 M €	-9.6%	8,6 M €	+5.2%	8,2 M €	+18.6%	6,9 M €	-10.8%	7,7 M €	-3.9%	8,1 M €	-8.5%	8,8 M €	+22.2%	7,2 M €	+8.6%	6,6 M €	-2.3%	6,8 M €	+5.9%	6,4 M €	+75.2%	3,7 M €	+4.2%	3,5 M €	-13.1%	4 M €
Operating result	666,2 k €	-15.2%	785,6 k €	-38.0%	1,3 M €	+11.5%	1,1 M €	-33.9%	1,7 M €	-42.1%	3 M €	+114%	1,4 M €	-43.4%	2,5 M €	+1.5%	2,4 M €	+95.7%	1,2 M €	-44.4%	2,2 M €	-24.0%	2,9 M €	-18.0%	3,6 M €	+85.5%	1,9 M €	+17.6%	1,6 M €	-17.4%	2 M €	+5.5%	1,9 M €	+119%	856,2 k €	-22.4%	1,1 M €	-23.1%	1,4 M €
Net result	1,3 M €	-51.6%	2,7 M €	-8.8%	3 M €	+83.7%	1,6 M €	-21.2%	2,1 M €	-35.9%	3,2 M €	+106%	1,6 M €	-41.7%	2,7 M €	+6.9%	2,5 M €	+123%	1,1 M €	-47.7%	2,1 M €	-14.5%	2,5 M €	-27.5%	3,5 M €	+114%	1,6 M €	+4.4%	1,5 M €	-24.4%	2 M €	+74.0%	1,2 M €	+3724%	30,8 k €	-91.5%	362,1 k €	+58.3%	228,8 k €
Balance sheet
Equity	261 M €	+6.1%	246 M €	+4.5%	235,4 M €	+4.2%	226 M €	+0.0%	225,9 M €	+5.9%	213,4 M €	+3.0%	207,2 M €	-0.8%	208,8 M €	+11.1%	188 M €	+4.4%	180,1 M €	+2.7%	175,4 M €	+10.0%	159,4 M €	+4.4%	152,7 M €	+3.8%	147 M €	+7.2%	137,2 M €	+2.3%	134,1 M €	+1.9%	131,7 M €	+113%	61,9 M €	+2.4%	60,5 M €	+7.8%	56,1 M €
Total assets	383,3 M €	+11.1%	345 M €	+9.3%	315,8 M €	+10.7%	285,2 M €	+2.3%	278,7 M €	+5.0%	265,5 M €	+12.8%	235,4 M €	-0.2%	235,9 M €	+9.4%	215,6 M €	+3.8%	207,7 M €	+2.6%	202,5 M €	+8.7%	186,3 M €	+4.8%	177,9 M €	+5.1%	169,2 M €	+8.9%	155,4 M €	+1.6%	152,9 M €	+2.1%	149,8 M €	+65.0%	90,8 M €	+6.6%	85,2 M €	+4.4%	81,6 M €
Cash	896,4 €	-34.3%	1,4 k €	+76.8%	771,9 €	+5.5%	731,9 €	-99.8%	425,6 k €	-78.2%	2 M €	+45071%	4,3 k €	-99.8%	2,4 M €	+87.0%	1,3 M €	+285%	329,6 k €	-77.4%	1,5 M €	+271%	392,5 k €	-68.9%	1,3 M €	-22.3%	1,6 M €	+57.6%	1 M €	+374%	217,4 k €	+63.0%	133,4 k €	-77.9%	604,7 k €	+194%	205,8 k €	-90.3%	2,1 M €
Debts	120,8 M €	+23.2%	98 M €	+22.8%	79,8 M €	+35.1%	59,1 M €	+12.0%	52,7 M €	+2.6%	51,4 M €	+84.2%	27,9 M €	+3.3%	27 M €	-2.0%	27,6 M €	+0.6%	27,4 M €	+1.2%	27,1 M €	+0.6%	26,9 M €	+8.5%	24,8 M €	+14.6%	21,6 M €	+19.9%	18 M €	-2.8%	18,5 M €	+4.7%	17,7 M €	-35.5%	27,5 M €	+14.3%	24 M €	-3.2%	24,8 M €
Other
Workforce	–		–		–		–		–		–		5,2 ETP	-75.1%	20,9 ETP	-2.3%	21,4 ETP	-0.5%	21,5 ETP	-0.5%	21,6 ETP	+4.3%	20,7 ETP	+13.1%	18,3 ETP	-6.2%	19,5 ETP	+4.3%	18,7 ETP	+13.3%	16,5 ETP	+19.6%	13,8 ETP	+46.8%	9,4 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 · 16 active · 162 ended

Active mandates

David Geladé

Director · since 15 mai 2025

Active

Niels Willems

Director · since 15 mai 2025

Active

Bart De Vos

Director · since 12 mars 2025

Active

Johan Limbourg

Director · since 12 mars 2025

Active

Karin Devyver

Director · since 12 mars 2025

Active

Lotte Van Custem

Director · since 12 mars 2025

Active

Manuela Vervoort

Director · since 12 mars 2025

Active

Patrick Vanbellinhgen

Director · since 12 mars 2025

Active

Peter Kaspers

Chairman of the board of directors · since 12 mars 2025

Active

Stijn Langendries

Director · since 12 mars 2025

Active

Taverniers Jean Pierre

Vice-chairman of the board of directors · since 12 mars 2025

Active

Tine Eerlingen

Director · since 12 mars 2025

Active

Vandevelde Andy

Director · since 15 mars 2019

Active

Bert Meulemans

Director

Active

Kathleen D' Herde

Director

Active

Laura Monseu

Director · until 12 mars 2025

Active

Ended mandates

PASCALE SOUFFRIAU

Director · since 09 septembre 2021

Ended

ANN GOOVAERTS

Director · since 08 février 2021

Ended

Ann Goovaerts

Director · since 15 septembre 2019

Ended

Bart Sorée

Director · since 15 mars 2019

Ended

At this address

Other companies at this address

Company	CBE no.
CREADIV● Active	0472.812.840
FLUVIUS ZENNE-DIJLE● Active	0222.343.301

Annual accounts

Full financial information

	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	24/06/2026	25/06/2025	26/06/2024	04/07/2023	27/06/2022	14/07/2021
General meeting	23/06/2026	24/06/2025	24/06/2024	28/06/2023	22/06/2022	29/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	24/06/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	24/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	28/06/2023	04/07/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	29/06/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	22/06/2020	25/06/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	12/07/2019	Dutch	PDF
Full modelCorrection	31/12/2017	22/06/2018	04/03/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	23/06/2017	28/06/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	29/06/2016	Dutch	PDF
Full model	31/12/2014	19/06/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	20/06/2014	04/07/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	17/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	06/09/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	03/08/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	09/09/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	07/08/2007	Dutch	PDF

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 · 16 active · 162 ended

Active mandates

David Geladé

Director · since 15 mai 2025

Active

Niels Willems

Director · since 15 mai 2025

Active

Bart De Vos

Director · since 12 mars 2025

Active

Johan Limbourg

Director · since 12 mars 2025

Active

Karin Devyver

Director · since 12 mars 2025

Active

Lotte Van Custem

Director · since 12 mars 2025

Active

Manuela Vervoort

Director · since 12 mars 2025

Active

Patrick Vanbellinhgen

Director · since 12 mars 2025

Active

Peter Kaspers

Chairman of the board of directors · since 12 mars 2025

Active

Stijn Langendries

Director · since 12 mars 2025

Active

Taverniers Jean Pierre

Vice-chairman of the board of directors · since 12 mars 2025

Active

Tine Eerlingen

Director · since 12 mars 2025

Active

Vandevelde Andy

Director · since 15 mars 2019

Active

Bert Meulemans

Director

Active

Kathleen D' Herde

Director

Active

Laura Monseu

Director · until 12 mars 2025

Active

Ended mandates

PASCALE SOUFFRIAU

Director · since 09 septembre 2021

Ended

ANN GOOVAERTS

Director · since 08 février 2021

Ended

Ann Goovaerts

Director · since 15 septembre 2019

Ended

Bart Sorée

Director · since 15 mars 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/02/2026
BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other09/08/2023
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares07/06/2023
KAPITAAL - AANDELEN
PDF
Mandates27/01/2022
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

2025
Annual accounts 20251,3 M €↓
24/06/2025
nominationDavid Geladé — lid van het regionaal bestuurscomité (RBC) Oost
24/06/2025
nominationNiels Willems — lid van het regionaal bestuurscomité (RBC) Oost
24/06/2025
nominationStefaan Goessens — lid van het regionaal bestuurscomité (RBC) West
2024
Annual accounts 20242,7 M €↓
01/01/2024
nominationFrank Vanbrabant — CEO
01/01/2024
nominationRaf Bellers — Directeur Netbeheer
01/01/2024
nominationTom Ceuppens — Directeur Netuitbating
01/01/2024
nominationGuy Cosyns — Directeur Klantendienst en Databeheer
01/01/2024
nominationJean Pierre Hollevoet — Directeur Energie- en Klimaattransitie
01/01/2024
nominationDavid Termont — Directeur Financieel Beheer, Legal en ICT
01/01/2024
nominationIlse Van Belle — Directeur HR
01/01/2024
nominationFilip Van Rompaey — Directeur Strategie
01/01/2024
nominationBruce Almey — Gevolmachtigde
2023
Annual accounts 20233 M €↑
2022
Annual accounts 20221,6 M €↓
2021
Annual accounts 20212,1 M €↓
2021
Name changeRIOBRA Opdrachthoudende Vereniging
2020
Annual accounts 20203,2 M €↑
2019
Annual accounts 20191,6 M €↓
2018
Annual accounts 20182,7 M €↑
2017
Annual accounts 20172,5 M €↑
2016
Annual accounts 20161,1 M €↓
2015
Annual accounts 20152,1 M €↓
2014
Annual accounts 20142,5 M €↓
2013
Annual accounts 20133,5 M €↑
2012
Annual accounts 20121,6 M €↑
2011
Annual accounts 20111,5 M €↓
2010
Annual accounts 20102 M €↑
2009
Annual accounts 20091,2 M €↑
2008
Annual accounts 200830,8 k €↓
2007
Annual accounts 2007362,1 k €↑
2006
Annual accounts 2006228,8 k €
2006
Name changeRIOBRA
07/12/2005
IncorporationProject leader organization, Flemish Region

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Fluvius Riobra

Overview

What does Fluvius Riobra do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline