Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM from Izegem, company number BE0207559115, closed financial year 2025 with a result of € -402,731 after tax. For that financial year AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM recorded a gross margin of € 2.3 million and equity of € 20.4 million. Compared with financial year 2024, the result moved from € 54,186 to € -402,731. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 20.4 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -402,731
▼ still € 54,186 profit in 2024
Profit after tax over the fiscal year.
€ 188,980
▲ € 178,842 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 288,629.
Debts at end 2025
€ 13 million
▲ 45% vs 2024
€ 473,117 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 3 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 181,146
▲ 6% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,026,012 | € 1,932,585 | € 2,070,747 | € 2,347,387 | ▲ 13% |
| Profit after taxes | € 456,523 | € 466,885 | € 54,186 | € -402,731 | ▼ € 456,917 |
| Equity | € 20,754,539 | € 20,750,540 | € 20,800,727 | € 20,393,997 | ▼ 2% |
| Total debts | € 11,504,109 | € 12,692,146 | € 15,194,805 | € 17,243,582 | ▲ 13% |
| Cash | € 55,004 | € 4,342 | € 10,137 | € 188,980 | ▲ € 178,842 |
| Retained profit | € 637,175 | € 637,175 | € 691,360 | € 288,629 | ▼ 58% |
| Dividend | € 456,523 | € 466,885 | € 0 | € 0 | |
| Bank debt | € 2,538,997 | € 2,426,577 | € 8,973,971 | € 13,007,243 | ▲ 45% |
| Balance sheet total | € 32,258,649 | € 33,442,686 | € 35,995,532 | € 37,637,579 | ▲ 5% |
Key figures of AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM, 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 AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM?
What happened at AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 402,731 (▼ € 456,917 vs 2024). Source: NBB ↗
- Laura Vandamme became a director. NBB
- Filip Buyse became a director. NBB
- Fien Claeys became a director. NBB
- Sam Weyts became a director. NBB
- Cinthy Defour became a director. NBB
- Ronny Mistiaen became a director. NBB
- Hannes Vanderstraeten became a director. NBB
In short
From € 456,523 profit in 2022 to € 402,731 loss in 2025.
Best year ever: 2023, with € 466,885 profit.
Paid out € 923,408 in dividends to the owners in total.
A new publication or filing at AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM? We notify you, reason included.
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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
Behind AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM are Filip Buyse, Laura Vandamme, Caroline Maertens, Fien Claeys, Sam Weyts and Cinthy Defour. Filip Buyse is also behind Intergemeentelijke vereniging voor duurzaam milieubeleid in Izegem en Ommeland, EFIN and Autonoom gemeentebedrijf Izegem. Caroline Maertens is also behind Fluvius West, West-Vlaamse Intercommunale, FLUVIUS WEST, Autonoom gemeentebedrijf Izegem and DVV Midwest. Fien Claeys is also behind Autonoom gemeentebedrijf Izegem.
Directors
According to the 2025 annual accounts
Filip Buyse
Director
Also active at: Intergemeentelijke vereniging voor duurzaam milieubeleid in Izegem en Ommeland, EFIN, Autonoom gemeentebedrijf Izegem
since 2025
Laura Vandamme
Director
since 2025
Caroline Maertens
Director
Also active at: Fluvius West, West-Vlaamse Intercommunale, FLUVIUS WEST, Autonoom gemeentebedrijf Izegem, DVV Midwest
since 2013
since 2025
Sam Weyts
Director
since 2025
Cinthy Defour
Director
since 2025
since 2025
since 2025
Nigel Casier
Director
Also active at: Autonoom gemeentebedrijf Izegem, Verzekeringen Claeys & Casier
since 2025
Establishments
Establishment units
Physical locations of this company
Prins Albertlaan 3
8870 Izegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
HETZNER-AS, DE
Website info
Features
Security
Details
- Company number
- 0207.559.115
- VAT number
- BE 0207.559.115
- Registered office
- Prins Albertlaan 3, 8870 Izegem
- Names & denominations
- AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM · ETIZ
- Enterprise type
- Rechtspersoon
- Legal form
- Autonoom gemeentebedrijf
- Legal situation
- Normale toestand
- Start date
- 17 May 1954
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- etc-electro.be
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Productie van elektriciteit