What does FLUVIUS WEST do?

FLUVIUS WEST is an energy company in Kortrijk. Opdrachthoudende vereniging (Vlaams Gewest), started on 17 February 1975.

What is the address of FLUVIUS WEST?

The registered office of FLUVIUS WEST is located at President Kennedypark(Kor) 12, 8500 Kortrijk.

Is FLUVIUS WEST still active?

Yes. According to the CBE (29 October 2026) FLUVIUS WEST is active, legal situation “Normale toestand”, started on 17 February 1975.

Is FLUVIUS WEST registered on Peppol?

Yes, FLUVIUS WEST is registered on the Peppol network with ID 0208:0215266160.

What is the enterprise number of FLUVIUS WEST?

The enterprise number of FLUVIUS WEST is BE0215266160.

When was FLUVIUS WEST founded?

FLUVIUS WEST was founded on 17 February 1975.

Is FLUVIUS WEST a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 February 1975; 5 annual accounts filed, latest fiscal year 2025; 19 directors known from the annual account.

How much profit did FLUVIUS WEST make in 2025?

FLUVIUS WEST posted a profit after taxes of € 50,249,954 in financial year 2025.

What is the revenue of FLUVIUS WEST?

In its most recent annual accounts (2025), FLUVIUS WEST reported revenue of € 541,745,938.

FLUVIUS WEST - Kortrijk - BE0215266160

Q: Who are the directors of FLUVIUS WEST?

According to the 2025 annual accounts, the directors of FLUVIUS WEST are: Christof Dejaegher, Mieke Bailleul-Vanrobaeys, Tijl Rommelaere, Patrick Lanssens, Francis Pattyn, Lieven Cobbaert, Katrien Desomer, Greta Vandeputte.

Dossier FLUVIUS WEST, printed on 29 October 2026 from databakkes.be/en/0215266160/fluvius-west. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

FLUVIUS WEST from Kortrijk, company number BE0215266160, closed financial year 2025 with a result of € 50.2 million after tax. For that financial year FLUVIUS WEST recorded revenue of € 541.7 million and equity of € 1.3 billion. Compared with financial year 2024, the result moved from € 20.4 million to € 50.2 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 June 26, 2026.

What it is worth Growing

€ 1.3 billion

▲ 75% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 50.2 million

▲ 146% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1,337

▲ 60% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 26.1 million paid out

52 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Vehicles and equipment

€ 26.9 million

▲ 29% vs 2024

Of which on lease € 15.5 million.

Debts at end 2025

Bank debt ≈ 13 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.9 billion

▲ 35% vs 2024

€ 145.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.

Owed to suppliers

€ 86.5 million

▲ € 68.8 million vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.

Taxes

€ 14 million

▲ 100% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 385,457,474 Revenue 2022: € 385,457,474 First fiscal year in the series	€ 362,064,605 Revenue 2023: € 362,064,605 ▼ 6% vs 2022 (€ 385,457,474) Unfavourable step	€ 360,191,712 Revenue 2024: € 360,191,712 ▼ 1% vs 2023 (€ 362,064,605) Unfavourable step	€ 541,745,938 Revenue 2025: € 541,745,938 ▲ 50% vs 2024 (€ 360,191,712) Favourable step	▲ 50%
Profit after taxes	€ 39,529,371 Profit after taxes 2022: € 39,529,371 First fiscal year in the series	€ 28,509,706 Profit after taxes 2023: € 28,509,706 ▼ 28% vs 2022 (€ 39,529,371) Unfavourable step	€ 20,398,636 Profit after taxes 2024: € 20,398,636 ▼ 28% vs 2023 (€ 28,509,706) Unfavourable step	€ 50,249,954 Profit after taxes 2025: € 50,249,954 ▲ 146% vs 2024 (€ 20,398,636) Favourable step	▲ 146%
Equity	€ 750,306,387 Equity 2022: € 750,306,387 First fiscal year in the series	€ 747,455,994 Equity 2023: € 747,455,994 Unchanged (€ 750,306,387) Unfavourable step	€ 738,174,516 Equity 2024: € 738,174,516 ▼ 1% vs 2023 (€ 747,455,994) Unfavourable step	€ 1,295,033,064 Equity 2025: € 1,295,033,064 ▲ 75% vs 2024 (€ 738,174,516) Favourable step	▲ 75%
Total debts	€ 1,212,007,397 Total debts 2022: € 1,212,007,397 First fiscal year in the series	€ 1,337,280,334 Total debts 2023: € 1,337,280,334 ▲ 10% vs 2022 (€ 1,212,007,397) Unfavourable step	€ 1,468,361,815 Total debts 2024: € 1,468,361,815 ▲ 10% vs 2023 (€ 1,337,280,334) Unfavourable step	€ 2,048,270,787 Total debts 2025: € 2,048,270,787 ▲ 39% vs 2024 (€ 1,468,361,815) Unfavourable step	▲ 39%
Cash	€ 12,733 Cash 2022: € 12,733 First fiscal year in the series	€ 1,380 Cash 2023: € 1,380 ▼ 89% vs 2022 (€ 12,733) Unfavourable step	€ 835 Cash 2024: € 835 ▼ 40% vs 2023 (€ 1,380) Unfavourable step	€ 1,337 Cash 2025: € 1,337 ▲ 60% vs 2024 (€ 835) Favourable step	▲ 60%
Land & buildings	€ 49,088,084 Land & buildings 2022: € 49,088,084 First fiscal year in the series	€ 48,424,436 Land & buildings 2023: € 48,424,436 ▼ 1% vs 2022 (€ 49,088,084) Unchanged	€ 48,421,366 Land & buildings 2024: € 48,421,366 Unchanged (€ 48,424,436) Unchanged	€ 79,689,401 Land & buildings 2025: € 79,689,401 ▲ 65% vs 2024 (€ 48,421,366) Unchanged	▲ 65%
Retained profit	€ 231,632,648 Retained profit 2022: € 231,632,648 First fiscal year in the series	€ 233,271,387 Retained profit 2023: € 233,271,387 ▲ 1% vs 2022 (€ 231,632,648) Favourable step	€ 241,347,669 Retained profit 2024: € 241,347,669 ▲ 3% vs 2023 (€ 233,271,387) Favourable step	€ 454,996,984 Retained profit 2025: € 454,996,984 ▲ 89% vs 2024 (€ 241,347,669) Favourable step	▲ 89%
Dividend	€ 33,684,504 Dividend 2022: € 33,684,504 First fiscal year in the series	€ 31,534,076 Dividend 2023: € 31,534,076 ▼ 6% vs 2022 (€ 33,684,504) Unchanged	€ 29,921,894 Dividend 2024: € 29,921,894 ▼ 5% vs 2023 (€ 31,534,076) Unchanged	€ 26,125,009 Dividend 2025: € 26,125,009 ▼ 13% vs 2024 (€ 29,921,894) Unchanged	▼ 13%
Bank debt	€ 1,129,502,621 Bank debt 2022: € 1,129,502,621 First fiscal year in the series	€ 1,237,660,891 Bank debt 2023: € 1,237,660,891 ▲ 10% vs 2022 (€ 1,129,502,621) Unfavourable step	€ 1,388,502,364 Bank debt 2024: € 1,388,502,364 ▲ 12% vs 2023 (€ 1,237,660,891) Unfavourable step	€ 1,869,370,394 Bank debt 2025: € 1,869,370,394 ▲ 35% vs 2024 (€ 1,388,502,364) Unfavourable step	▲ 35%
Balance sheet total	€ 1,968,205,729 Balance sheet total 2022: € 1,968,205,729 First fiscal year in the series	€ 2,090,431,483 Balance sheet total 2023: € 2,090,431,483 ▲ 6% vs 2022 (€ 1,968,205,729) Unchanged	€ 2,212,213,444 Balance sheet total 2024: € 2,212,213,444 ▲ 6% vs 2023 (€ 2,090,431,483) Unchanged	€ 3,378,067,279 Balance sheet total 2025: € 3,378,067,279 ▲ 53% vs 2024 (€ 2,212,213,444) Unchanged	▲ 53%

Key figures of FLUVIUS WEST, 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 FLUVIUS WEST?

What happened at FLUVIUS WEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 26, 2026 New annual accounts for financial year 2025: profit of € 50.2 million (▲ 146% vs 2024). Source: NBB ↗
2025 Mieke Bailleul-Vanrobaeys became a director. NBB
2025 Tijl Rommelaere became a director. NBB
2025 Katrien Desomer became a director. NBB
2025 Greta Vandeputte became a director. NBB
2025 Jean-Marie Callewaert became a director. NBB
2025 Claude Croes became a director. NBB
2025 Philip Pauwels became a director. NBB

In short

From € 39.5 million profit in 2022 to € 50.2 million profit in 2025.

Paid € 44.8 million in corporate taxes since 2022.

Best year ever: 2025, with € 50.2 million profit.

Paid out € 121.3 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Christof Dejaegher

Mieke Bailleul-Vanrobaeys

Tijl Rommelaere

Patrick Lanssens

+12

FLUVIUS WEST

Fluvius System Operator 63.2%

Transco Energy 11.1%

Behind FLUVIUS WEST are Christof Dejaegher, Mieke Bailleul-Vanrobaeys, Tijl Rommelaere, Patrick Lanssens, Francis Pattyn and Lieven Cobbaert. It owns 63.2% of Fluvius System Operator and 11.1% of Transco Energy itself.

Directors

According to the 2025 annual accounts

Christof Dejaegher

Chairman of the board

Also active at: West-Vlaamse Intercommunale, VLAAMSE LANDMAATSCHAPPIJ, WESTTOER, West-Vlaamse Politieschool, PUBLI-T, Fluvius System Operator, Dienstverlenende vereniging Westhoek, Autonoom Gemeentebedrijf De Kouter +1 more

since 2019

Mieke Bailleul-Vanrobaeys

Director

since 2025

Tijl Rommelaere

Director

Also active at: BOUWMAATSCHAPPIJ RONSE

since 2025

Patrick Lanssens

Director

since 2025

Francis Pattyn

Director

Also active at: Fluvius West

since 2025

Lieven Cobbaert

Director

Also active at: Fluvius System Operator, LUCHTHAVENONTWIKKELINGSMAATSCHAPPIJ VLAANDEREN

since 2019

Katrien Desomer

Director

Also active at: West-Vlaamse Intercommunale, AQUAFIN, Autonoom Gemeentebedrijf Musea Ieper, SuMA, DESOMER MILIEU & VEILIGHEID, Autonoom Gemeentebedrijf Stadsontwikkeling en Patrimoniumbeheer Ieper

since 2025

Greta Vandeputte

Director

Also active at: DVV Midwest, Intergemeentelijke Vereniging voor Crematoriumbeheer in Zuid-West-Vlaanderen

since 2025

Stijn Tant

Director

since 2025

Jean-Marie Callewaert

Lid met raadgevende stem

since 2025

Mieke Vanbrussel

Director

Also active at: De Spil, HET PORTAAL, LIGO, CENTRUM VOOR BASISEDUCATIE MIDDEN-EN ZUID-WEST-VLAANDEREN

since 2019

Claude Croes

Director

Also active at: Inagro, provinciaal extern verzelfstandigd agentschap in privaatrechtelijke vorm, PUBLIGAS

since 2025

Philip Pauwels

Director

Also active at: Alkove, Lanson Industries Plant I, Immo Genics, EUROPAL-LOGISTICS, GLOBAL RENTAL PROPERTIES II, FIBRIMMO, GLOBAL RENTAL PROPERTIES, Global Rental Properties Advisory +12 more

since 2025

Arthur Vandenbulcke

Director

since 2025

Joop Verzele

Director

Also active at: Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid, Onderwijsvereniging van Steden en Gemeenten, Dienstenbedrijf K-ei-rein in Kruisem, Woonmaatschappij Vlaamse Ardennen

since 2019

Véronique Buyck

Vice-chairman of the board

Also active at: Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid, Autonoom Gemeentebedrijf Ardooie

since 2025

Caroline Maertens

Director

Also active at: Fluvius West, West-Vlaamse Intercommunale, AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM, Autonoom gemeentebedrijf Izegem, DVV Midwest

since 2025 · until 2025

Lynn Vermote

Director

Also active at: Fluvius West

since 2025 · until 2025

Lies Laridon

Director

Also active at: FLUVIUS, Fluvius West, WOONMAATSCHAPPIJ IJZER EN ZEE, Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid, West-Vlaamse Politieschool, VLAAMSE ENERGIEHOLDING, 't WERKPAND, WEST-VLAAMSE DUURZAME LOGISTIEKE WERKVENNOOTSCHAP +3 more

since 2025 · until 2025

Establishments

Establishment units

Physical locations of this company

Registered office

President Kennedypark(Kor) 12

8500 Kortrijk

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0215.266.160

VAT number

BE 0215.266.160

Registered office

President Kennedypark(Kor) 12, 8500 Kortrijk

Names & denominations

FLUVIUS WEST

Enterprise type

Rechtspersoon

Legal form

Opdrachthoudende vereniging (Vlaams Gewest)

Legal situation

Normale toestand

Start date

17 February 1975

Peppol

Active · Active since 30 Aug 2023

Activities · NACE

Distributie van elektriciteit

Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen

Activiteiten van bouwarchitecten

Distributie van gasvormige brandstoffen via leidingen

Productie van elektriciteit uit niet-hernieuwbare bronnen

Bouw van civieltechnische werken voor elektriciteit en telecommunicatie

Vervaardiging van radiatoren, stoomketels en ketels voor centrale verwarming

Algemene elektrotechnische installatiewerken

View on CBE Public ↗ Annual accounts (NBB) ↗

FLUVIUS WEST

Financials

What happened to FLUVIUS WEST?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions