NORTHER
0896.052.742 · rovalta.com · 24/09/2026
ACTIVE
NORTHER
Financial year 2025 · Closed on 31/12/2025
Net result
46,2 M €
-13,4 %over 1 yearRevenue
170,8 M €
-4,0 %over 1 yearEquity
133,8 M €
+3,3 %over 1 yearWorkforce
16,6 ETP
-2,4 %over 1 yearOverview
Identity
Source · BCE/KBONORTHER is a Public limited company incorporated in 2008. Its main activity is: Production of electricity. Its registered office is in Oostende. It employs on average 16,6 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0896.052.742
- Incorporation
- 27/02/2008
- Legal form
- Public limited company
- Registered office
- Esplanadestraat 14
8400 Oostende · FlandreSee on map - Contributed capital
- 81 033 000,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 16,6 ETP
Activities (NACE)
Joint committees (4)
- 100
- 200
- 218
- 326
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 17 filingsTrend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 170,8 M € | -4.0% | 177,8 M € | -32.3% | 262,5 M € | +64.8% | 159,2 M € | -0.7% | 160,3 M € |
| EBITDA | 129,4 M € | -6.4% | 138,2 M € | -32.7% | 205,4 M € | +60.4% | 128 M € | -3.7% | 132,9 M € |
| Operating result | 73,8 M € | -10.4% | 82,4 M € | -45.1% | 149,9 M € | +106% | 72,9 M € | -6.4% | 77,9 M € |
| Net result | 46,2 M € | -13.4% | 53,3 M € | -48.3% | 103,1 M € | +141% | 42,8 M € | -6.8% | 45,9 M € |
| Balance sheet | |||||||||
| Equity | 133,8 M € | +3.3% | 129,6 M € | -8.1% | 141 M € | +6.3% | 132,6 M € | -6.3% | 141,5 M € |
| Total assets | 816,7 M € | -5.8% | 867,4 M € | -13.5% | 1 Md € | +2.5% | 978,7 M € | -5.5% | 1 Md € |
| Cash | 80,2 M € | -5.6% | 84,9 M € | -46.4% | 158,4 M € | +68.5% | 94 M € | -2.7% | 96,6 M € |
| Debts | 656,1 M € | -8.3% | 715,8 M € | -15.1% | 842,6 M € | +1.4% | 831,3 M € | -5.8% | 882,7 M € |
| Other | |||||||||
| Workforce | 16,6 ETP | -2.4% | 17,0 ETP | -4.5% | 17,8 ETP | +8.5% | 16,4 ETP | +18.8% | 13,8 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 31/12/202510 active · 67 ended
Active mandates
Andries TEERLYNCK
ActiveEllen DEPREZ
ActiveVanessa VANLEENE
ActiveActive
ENECO bv BO
ActiveActive
Active
Alain JANSSENS
ActiveActive
Active
Ended mandates
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 | 30/04/2026 | 06/05/2025 | 27/05/2024 | 02/05/2023 | 19/05/2022 | 25/06/2021 |
| General meeting | 20/04/2026 | 22/04/2025 | 15/04/2024 | 17/04/2023 | 19/04/2022 | 19/04/2021 |
| 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, 17 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 20/04/2026 | 30/04/2026 | Dutch | |
| Full model | 31/12/2024 | 22/04/2025 | 06/05/2025 | Dutch | |
| Full model | 31/12/2023 | 15/04/2024 | 27/05/2024 | Dutch | |
| Full model | 31/12/2022 | 17/04/2023 | 02/05/2023 | Dutch | |
| Full model | 31/12/2021 | 19/04/2022 | 19/05/2022 | Dutch | |
| Full model | 31/12/2020 | 19/04/2021 | 25/06/2021 | Dutch | |
| Full model | 31/12/2019 | 20/04/2020 | 11/05/2020 | Dutch | |
| Full model | 31/12/2018 | 15/04/2019 | 06/05/2019 | Dutch | |
| Full model | 31/12/2017 | 16/04/2018 | 18/05/2018 | Dutch | |
| Full model | 31/12/2016 | 24/05/2017 | 19/06/2017 | Dutch | |
| Full model | 31/12/2015 | 27/04/2016 | 03/05/2016 | Dutch | |
| Full model | 31/12/2014 | 16/03/2015 | 15/04/2015 | Dutch | |
| Full model | 31/12/2013 | 28/05/2014 | 23/07/2014 | French | |
| Full model | 31/12/2012 | 18/03/2013 | 23/04/2013 | French | |
| Full model | 31/12/2011 | 19/03/2012 | 20/04/2012 | French | |
| Full model | 31/12/2010 | 11/04/2011 | 27/04/2011 | French | |
| Full model | 31/12/2009 | 17/05/2010 | 28/07/2010 | 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 31/12/202510 active · 67 ended
Active mandates
Andries TEERLYNCK
ActiveEllen DEPREZ
ActiveVanessa VANLEENE
ActiveActive
ENECO bv BO
ActiveActive
Active
Alain JANSSENS
ActiveActive
Active
Ended mandates
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates23/06/2026ONTSLAGEN - BENOEMINGEN
- Mandates17/04/2025ONTSLAGEN - BENOEMINGEN
- Mandates12/03/2025ONTSLAGEN - BENOEMINGEN
- Mandates06/12/2024ONTSLAGEN - BENOEMINGEN
- Mandates22/07/2024ONTSLAGEN - BENOEMINGEN
- Mandates26/06/2024ONTSLAGEN - BENOEMINGEN
- Mandates16/11/2023ONTSLAGEN - BENOEMINGEN
- Mandates08/08/2023ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 20/04/2026reconductionEllen Deprez — Bestuurder
- 20/04/2026reconductionAndries Teerlynck — Bestuurder
- 20/04/2026reconductionVanessa Vanleene — Bestuurder
- 2025Annual accounts 202546,2 M €↓
- 01/04/2025nominationPeter Goderis — vaste vertegenwoordiger belast met de uitvoering van het bestuursmandaat
- 01/04/2025nominationAndries Teerlynck — bestuurder
- 01/04/2025nominationEllen Deprez — bestuurder
- 2024Annual accounts 202453,3 M €↓
- 10/10/2024nominationVanessa Vanleene — bestuurder
- 24/05/2024nominationPatrick Daoust — vaste vertegenwoordiger belast met de uitvoering van het bestuursmandaat
- 15/04/2024nominationBrecht Deketele — commissaris
- 09/02/2024nominationChristophe De Schryver — Uitvoerend Manager / vaste vertegenwoordiger ter zake van het dagelijks bestuur
- 09/02/2024nominationRalf Bauer — Financieel Directeur / vaste vertegenwoordiger ter zake van het dagelijks bestuur
- 09/02/2024nominationBjörn Reynaert — Technisch Directeur / vaste vertegenwoordiger ter zake van het dagelijks bestuur
- 2023Annual accounts 2023103,1 M €↑
- 01/11/2023nominationStijn Delauré — vaste vertegenwoordiger belast met de uitvoering van het bestuursmandaat
- 13/06/2023nominationBrecht Deketele — vertegenwoordiger (commissaris)
- 2022Annual accounts 202242,8 M €↓
- 01/06/2022nominationRemco Streppel — vaste vertegenwoordiger (bestuurder)
- 01/06/2022nominationJonathan Couvreur — vaste vertegenwoordiger (bestuurder)
- 11/05/2022nominationAdrianus van der Wijst — vaste vertegenwoordiger
- 11/05/2022nominationAdrianus van der Wijst — vaste vertegenwoordiger (bestuurder)
- 2021Annual accounts 202145,9 M €↓
- 26/05/2021nominationCornelis de Haan — vaste vertegenwoordiger (bestuurder)
- 26/05/2021nominationRuben Dijkstra — vaste vertegenwoordiger (bestuurder)
- 2020Annual accounts 202069,1 M €↑
- 2019Annual accounts 201933,1 M €↑
- 2018Annual accounts 2018-428 k €↓
- 2017Annual accounts 2017-248,5 k €↓
- 2016Annual accounts 2016-152,3 k €↓
- 2015Annual accounts 2015-116,6 k €↓
- 2014Annual accounts 2014-55,5 k €↑
- 2013Annual accounts 2013-104,9 k €↓
- 2012Annual accounts 2012-88,3 k €↓
- 2011Annual accounts 2011-40,7 k €↓
- 2010Annual accounts 2010-4 k €↑
- 2009Annual accounts 2009-12,5 k €
- 27/02/2008IncorporationPublic limited company