Financials
Financial year 2025
Association Intercommunale d'Electricité du Sud du Hainaut from Sivry-Rance, company number BE0201712587, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year Association Intercommunale d'Electricité du Sud du Hainaut recorded revenue of € 21.3 million and equity of € 49.8 million. Compared with financial year 2024, the result moved from € 898,342 to € 1.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 49.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 3 million
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 241,749 paid out
21 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
52.7
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.7 million
▲ 9% vs 2024
€ 126,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 789,879
▲ 74% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 22.1 million
▼ 4% vs 2024
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 2.6 million
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 66 days on average.
€ 1.9 million
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,449,933 | € 14,434,341 | € 17,596,666 | € 21,320,420 | ▲ 21% |
| Profit after taxes | € -331,785 | € 1,094,988 | € 898,342 | € 1,171,542 | ▲ 30% |
| Equity | € 41,019,521 | € 42,114,509 | € 48,877,664 | € 49,807,457 | ▲ 2% |
| Total debts | € 19,886,616 | € 24,340,763 | € 32,335,484 | € 30,443,768 | ▼ 6% |
| Cash | € 1,182,938 | € 4,122,421 | € 4,195,479 | € 3,017,167 | ▼ 28% |
| Land & buildings | € 209,810 | € 219,325 | € 385,211 | € 374,042 | ▼ 3% |
| Retained profit | € 26,730,060 | € 17,999,291 | € 20,329,306 | € 21,565,525 | ▲ 6% |
| Dividend | € 0 | € 0 | € 0 | € 241,749 | |
| Bank debt | € 12,508,146 | € 15,117,075 | € 22,907,694 | € 22,096,492 | ▼ 4% |
| Balance sheet total | € 60,906,137 | € 66,455,271 | € 81,213,147 | € 80,251,224 | ▼ 1% |
| Employees (FTE) | 49.2 | 52.2 | 53.3 | 52.7 | ▼ 0.6 |
Key figures of Association Intercommunale d'Electricité du Sud du Hainaut, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Association Intercommunale d'Electricité du Sud du Hainaut?
What happened at Association Intercommunale d'Electricité du Sud du Hainaut in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TANGUY DARDENNE stepped down as director. NBB
- BRUNO LAMBERT stepped down as director. NBB
- OLIVIER ROBIN stepped down as director. NBB
- VINCENT DELIRE stepped down as director. NBB
- BERNARD GOTIAUX stepped down as director. NBB
- MARTINE GENOVA stepped down as director. NBB
- JEAN FURNEMONT stepped down as director. NBB
- JEHANNE DETRIXIE stepped down as director. NBB
In short
From € 331,785 loss in 2022 to € 1.2 million profit in 2025.
Paid € 1.7 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.2 million profit.
Paid out € 241,749 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 30.7% of ZE-MO and 25% of AREWAL itself.
Directors
According to the 2025 annual accounts
TANGUY DARDENNE
Director
since 2025 · until 2031
since 2025 · until 2031
OLIVIER ROBIN
Director
since 2025 · until 2031
VINCENT DELIRE
Director
Also active at: Société intercommunale BEP-Environnement, COMMISSION DE GESTION PARC NATUREL VIROIN-HERMETON
since 2025 · until 2031
RENE DUVAL
Vice-chairman of the board
Also active at: Immobilière du Moulin de la Ramée, IMMO FRANCOIS DUVAL
since 2019 · until 2025
since 2024 · until 2025
STEPHANE DOMER
Director
since 2019 · until 2025
MARTINE GENOVA
Director
since 2025 · until 2031
since 2019 · until 2025
JEAN FURNEMONT
Director
since 2025 · until 2031
DAMIEN LALOYAUX
Director
since 2019 · until 2025
JEHANNE DETRIXIE
Director
since 2025 · until 2031
ALAIN LALMANT
Director
since 2025 · until 2031
ERIC THIRY
Director
since 2019 · until 2025
since 2025 · until 2025
ALAIN VANDROMME
Vice-chairman of the board
since 2025 · until 2031
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Rue du Commerce 4
6470 Sivry-Rance
Grand'Place(CH) -
6460 Chimay
Active since 28 April 1925
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0201.712.587
- VAT number
- BE 0201.712.587
- Registered office
- Rue du Commerce 4, 6470 Sivry-Rance
- Names & denominations
- Association Intercommunale d'Electricité du Sud du Hainaut · A.I.E.S.H.
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 28 April 1925
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Distributie van elektriciteit