Financials
Financial year 2025
FLUVIUS MIDDEN-VLAANDEREN from Dendermonde, company number BE0220764971, closed financial year 2025 with a result of € 17.7 million after tax. For that financial year FLUVIUS MIDDEN-VLAANDEREN recorded revenue of € 242.7 million and equity of € 346.1 million. Compared with financial year 2024, the result moved from € 5.7 million to € 17.7 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.
€ 346.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17.7 million
▲ 209% vs 2024
Profit after tax over the fiscal year.
€ 993
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 9 million paid out
51 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 13.3 million
▼ 2% vs 2024
Of which on lease € 7.3 million.
Debts at end 2025
€ 868.9 million
▲ 7% vs 2024
€ 64.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 40.6 million
▲ 289% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 5.2 million
▲ 10% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 205,797,457 | € 201,585,199 | € 199,983,337 | € 242,736,979 | ▲ 21% |
| Profit after taxes | € 18,897,212 | € 8,141,036 | € 5,734,582 | € 17,698,095 | ▲ 209% |
| Equity | € 357,377,046 | € 354,012,787 | € 345,660,142 | € 346,065,423 | |
| Total debts | € 735,434,196 | € 809,941,227 | € 889,058,033 | € 946,626,642 | ▲ 6% |
| Cash | € 7,197 | € 1,380 | € 1,442 | € 993 | ▼ 31% |
| Land & buildings | € 22,655,024 | € 22,615,283 | € 22,831,071 | € 23,189,194 | ▲ 2% |
| Retained profit | € 134,139,205 | € 129,916,405 | € 129,641,306 | € 140,469,771 | ▲ 8% |
| Dividend | € 15,999,140 | € 14,970,742 | € 14,260,886 | € 9,036,900 | ▼ 37% |
| Bank debt | € 627,443,046 | € 712,869,036 | € 809,402,902 | € 868,932,581 | ▲ 7% |
| Balance sheet total | € 1,095,080,597 | € 1,166,008,096 | € 1,236,766,390 | € 1,294,735,894 | ▲ 5% |
Key figures of FLUVIUS MIDDEN-VLAANDEREN, 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 MIDDEN-VLAANDEREN?
What happened at FLUVIUS MIDDEN-VLAANDEREN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17.7 million (▲ 209% vs 2024). Source: NBB ↗
- Evelien De Both became a director. NBB
- Dirk Abbeloos became a director. NBB
- Carl Hanssens became a director. NBB
- Vincent Delforge became a director. NBB
- Matthias Van Zele became a director. NBB
- Leentje Van Laere became a director. NBB
- Yves De Smet became a director. NBB
In short
From € 18.9 million profit in 2022 to € 17.7 million profit in 2025.
Paid € 14.8 million in corporate taxes since 2022.
Best year ever: 2022, with € 18.9 million profit.
Paid out € 54.3 million in dividends to the owners in total.
Management
Behind FLUVIUS MIDDEN-VLAANDEREN are Dirk Abbeloos, Carl Hanssens, Vincent Delforge, Evelien De Both, Matthias Van Zele and Leentje Van Laere. It owns 15.2% of Fluvius System Operator and 11.1% of Transco Energy itself.
Directors
According to the 2025 annual accounts
Dirk Abbeloos
Vice-chairman of the board
Also active at: Verenigde Kompostbedrijven, ABBELOOS & GHYSBRECHT, Advo-Gillia, Autonoom Gemeentebedrijf Dendermonde
since 2025
since 2025
Vincent Delforge
Director
since 2025
since 2025
Matthias Van Zele
Lid met raadgevende stem
since 2025
Leentje Van Laere
Director
Also active at: Autonoom Gemeentebedrijf Sport, Cultuur en Recreatie Kruibeke
since 2025
Yves De Smet
Director
Also active at: Intergemeentelijk Samenwerkingsverband voor ruimtelijke ordening en socio-economische expansie, Opdrachthoudend samenwerkingsverband Land van Aalst voor Milieu
since 2025
Establishments
Establishment units
Physical locations of this company
Franz Courtensstraat (DEN) 11
9200 Dendermonde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0220.764.971
- VAT number
- BE 0220.764.971
- Registered office
- Franz Courtensstraat (DEN) 11, 9200 Dendermonde
- Names & denominations
- FLUVIUS MIDDEN-VLAANDEREN
- Enterprise type
- Rechtspersoon
- Legal form
- Opdrachthoudende vereniging (Vlaams Gewest)
- Legal situation
- Normale toestand
- Start date
- 15 September 1980
- Peppol
- Active · Active since 19 Dec 2022
- Activities · NACE
Distributie van elektriciteit
Activiteiten van bouwarchitecten
Distributie van gasvormige brandstoffen via leidingen
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Algemene elektrotechnische installatiewerken
Elektrische installatie
Architecten
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen