Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FLUVIUS IMEWO from Merelbeke-Melle, company number BE0215362368, closed financial year 2025 with a result of € 42 million after tax. For that financial year FLUVIUS IMEWO recorded revenue of € 544.9 million and equity of € 772.5 million. Compared with financial year 2024, the result moved from € 19.6 million to € 42 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 772.5 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42 million
▲ 114% vs 2024
Profit after tax over the fiscal year.
€ 993
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 17.4 million paid out
41 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 27.2 million
▲ 10% vs 2024
Of which on lease € 12.2 million.
Debts at end 2025
€ 2.1 billion
▲ 11% vs 2024
€ 161.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 87.1 million
▲ € 68.8 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 79 days on average.
€ 13.6 million
▲ 17% 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 | |
|---|---|---|---|---|---|
| Revenue | € 448,721,573 | € 426,694,571 | € 426,186,254 | € 544,911,033 | ▲ 28% |
| Profit after taxes | € 40,957,292 | € 19,072,345 | € 19,630,098 | € 42,031,854 | ▲ 114% |
| Equity | € 735,217,385 | € 723,855,034 | € 715,140,711 | € 772,545,254 | ▲ 8% |
| Total debts | € 1,652,643,832 | € 1,846,132,313 | € 2,001,584,542 | € 2,293,851,040 | ▲ 15% |
| Cash | € 8,087 | € 1,380 | € 1,503 | € 993 | ▼ 34% |
| Land & buildings | € 41,084,253 | € 44,791,720 | € 61,977,706 | € 64,688,429 | ▲ 4% |
| Retained profit | € 208,455,982 | € 201,940,868 | € 211,732,028 | € 257,581,412 | ▲ 22% |
| Dividend | € 32,125,210 | € 30,451,795 | € 28,332,698 | € 17,418,700 | ▼ 39% |
| Bank debt | € 1,402,727,482 | € 1,636,921,989 | € 1,871,898,892 | € 2,086,615,837 | ▲ 11% |
| Balance sheet total | € 2,391,145,620 | € 2,572,940,591 | € 2,719,289,174 | € 3,069,003,579 | ▲ 13% |
Key figures of FLUVIUS IMEWO, 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 IMEWO?
What happened at FLUVIUS IMEWO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 42 million (▲ 114% vs 2024). Source: NBB ↗
- Judith OOMS became a director. NBB
- Isabel DELLAERT became a director. NBB
- Trees VAN EYKEREN became a director. NBB
- Joachim COENS became a director. NBB
- Piet BERTON became a director. NBB
- Philip KONINGS became a director. NBB
- Hilde DE GRAEVE became a director. NBB
In short
From € 41 million profit in 2022 to € 42 million profit in 2025.
Paid € 35.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 42 million profit.
Paid out € 108.3 million 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
Behind FLUVIUS IMEWO are Judith OOMS, Isabel DELLAERT, Trees VAN EYKEREN, Joachim COENS, Piet BERTON and Philip KONINGS. It owns 36% of Fluvius System Operator and 11.1% of Transco Energy itself.
Directors
According to the 2025 annual accounts
Judith OOMS
Director
Also active at: Autonoom Gemeentebedrijf Oostende, VLAAMS INSTITUUT VOOR DE ZEE, BUITENGOED OOSTENDE, ECONOMISCH HUIS OOSTENDE
since 2025
Isabel DELLAERT
Director
Also active at: Intercommunale voor Huisvuilverwerking en Milieuzorg DURME - MOERVAART, Woonzorgcentrum Zilverbos, CULTUUROVERLEG MEETJESLAND
since 2025
since 2025
Joachim COENS
Director
Also active at: Pax Christi Vlaanderen, Unitas, FLANDERS COLD CENTER, Woonzorgvereniging De Stek
since 2025
since 2025
Philip KONINGS
Director
Also active at: Intercommunale Kustreddingsdienst West-Vlaanderen, PERFORMANT
since 2025
since 2025
Jan DE KEYSER
Director
Also active at: Ter Luchte, Vlaams-Europees Verbindingsagentschap, Autonoom Gemeentebedrijf Oostkamp
since 2019
Joris VANDENBROUCKE
Chairman of the board
Also active at: Vlaamse Vervoermaatschappij - De Lijn, Stadsontwikkeling Gent (sogent), THUISPUNT GENT, Fluvius System Operator, Investeringsmaatschappij Modest, Creat, Creat Services, Eiland Zwijnaarde +1 more
since 2025
since 2025
Rutger DE REU
Vice-chairman of the board
since 2025
Johan VANDENBUSSCHE
Lid met raadgevende stem
since 2025
since 2025
since 2025
since 2019
since 2025
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 199
9090 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Fluvius System Operator same network
€ 2.9 billion revenue · 2025
SYNDUCTIS
€ 2.9 million revenue · 2025
ECONOMISCHE GROEP FLUVIUS
DE STROOMLIJN
€ 27.5 million revenue · 2025
Fluvius System Operator Pillar 2
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0215.362.368
- VAT number
- BE 0215.362.368
- Registered office
- Brusselsesteenweg 199, 9090 Merelbeke-Melle
- Names & denominations
- FLUVIUS IMEWO
- Enterprise type
- Rechtspersoon
- Legal form
- Opdrachthoudende vereniging (Vlaams Gewest)
- Legal situation
- Normale toestand
- Start date
- 10 March 1975
- Peppol
- Active · Active since 30 Aug 2023
- Activities · NACE
Distributie van elektriciteit
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Distributie van gasvormige brandstoffen via leidingen
Activiteiten van bouwarchitecten
Productie van elektriciteit uit niet-hernieuwbare bronnen
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Algemene elektrotechnische installatiewerken
Vervaardiging van radiatoren, stoomketels en ketels voor centrale verwarming
+6