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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VLAAMSE ENERGIEHOLDING from Torhout, company number BE0448632324, closed financial year 2025 with a result of € 29.7 million after tax. For that financial year VLAAMSE ENERGIEHOLDING recorded revenue of € 6,503 and equity of € 601.2 million. Compared with financial year 2024, the result moved from € 18.4 million to € 29.7 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 January 19, 2026.
€ 601.2 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29.7 million
▲ 61% vs 2024
Profit after tax over the fiscal year.
€ 271,061
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 28 million paid out
94 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 50,613
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 26,733
▲ € 26,401 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 | - | - | € 11,612 | € 6,503 | ▼ 44% |
| Profit after taxes | € 50,589,285 | € 21,926,744 | € 18,447,343 | € 29,656,997 | ▲ 61% |
| Equity | € 268,459,477 | € 271,386,221 | € 599,524,221 | € 601,181,217 | |
| Total debts | € 50,168,907 | € 31,521,035 | € 39,140,822 | € 45,520,305 | ▲ 16% |
| Cash | € 5,507,509 | € 249,146 | € 595,465 | € 271,061 | ▼ 54% |
| Retained profit | € 229,892,430 | € 232,819,174 | € 222,216,064 | € 223,873,060 | ▲ 1% |
| Dividend | € 18,000,000 | € 19,000,000 | € 27,000,000 | € 28,000,000 | ▲ 4% |
| Balance sheet total | € 318,628,384 | € 302,907,256 | € 638,665,042 | € 646,701,523 | ▲ 1% |
Key figures of VLAAMSE ENERGIEHOLDING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to VLAAMSE ENERGIEHOLDING?
What happened at VLAAMSE ENERGIEHOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dirk Hermans stepped down as director. NBB
- Joris Laenen stepped down as director. NBB
- Guy DUMST stepped down as director. NBB
- Mark Vanleeuw stepped down as director. NBB
- Eric SPIESSENS stepped down as director. NBB
- Michel Lüttgens stepped down as director. NBB
- Christophe PEETERS stepped down as director. NBB
- Habib El Ouakili stepped down as director. NBB
In short
From € 50.6 million profit in 2022 to € 29.7 million profit in 2025.
Paid € 2.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 50.6 million profit.
Paid out € 92 million in dividends to the owners in total.
A new publication or filing at VLAAMSE ENERGIEHOLDING? 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
The shares are held by Nuhma AC (24.6%), P&V Verzekeringen cv (17.4%), EthiasCo bv (10.6%), EFIN bv (10.2%), Stad Gent (9.4%) and KBC Verzekeringen nv (7.7%). It owns 100% of V2Hfin, 50% of HyoffGreen, 18.4% of PUBLI-T, 15.1% of ASPIRAVI ENERGY, 15.1% of TEAMWISE and 15.1% of ASPIRAVI itself.
Directors
According to the 2025 annual accounts
Dirk Hermans
Director
since 2024 · until 2027
Joris Laenen
Director
Also active at: SOCOFE, ASPIRAVI, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI INTERNATIONAL +2 more
since 2024 · until 2027
Guy DUMST
Director
Also active at: Kanvaz, Zenne en Dijle, Toerisme Vlaams-Brabant, CREADIV, ASPIRAVI, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY +6 more
since 2021 · until 2027
Mark Vanleeuw
Director
Also active at: NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ, ASPIRAVI, TeaMWise, ASPIRAVI ENERGY, LOMMEL WIN(D)T, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI ANTILLEN +7 more
since 2025 · until 2027
Eric SPIESSENS
Vice-chairman of the board
Also active at: L'Economie Populaire, Beweging.academie, Huis van de Arbeid - Maison du Travail, PUBLIGAS, ASPIRAVI, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY +6 more
since 2021 · until 2027
since 2024 · until 2024
Ludo KELCHTERMANS
Managing director
Also active at: FLUXYS BELGIUM, L.K.C., CIPAL, LIZEL, 3E, HOPPE, C - Power, C-POWER HOLDCO +19 more
since 2021 · until 2025
since 2024 · until 2027
Christophe PEETERS
Chairman of the board
Also active at: Farys, Intercommunale Maatschappij Opera voor Vlaanderen, Stadsontwikkeling Gent (sogent), AquaFlanders, Collegium Vocale Gent, Fluvius System Operator, Investeringsmaatschappij Modest, SYNDUCTIS +2 more
since 2021 · until 2027
Habib El Ouakili
Director
Also active at: Crematorium Hasselt, ASPIRAVI, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI ANTILLEN, ASPIRAVI INTERNATIONAL +3 more
since 2025 · until 2027
Sven VLIETINCK
Director
Also active at: Water-link, FINEG, ZOMER VAN ANTWERPEN VZW, ASPIRAVI, ASPIRAVI OFFSHORE, TeaMWise, LUCHTHAVENONTWIKKELINGSMAATSCHAPPIJ VLAANDEREN, ASPIRAVI ENERGY +13 more
since 2022 · until 2027
Ronny NECKEBROECK
Director
since 2021 · until 2027
Wim Aurousseau
Director
since 2022 · until 2027
Lies Laridon
Director
Also active at: FLUVIUS, Fluvius West, FLUVIUS WEST, WOONMAATSCHAPPIJ IJZER EN ZEE, Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid, West-Vlaamse Politieschool, 't WERKPAND, WEST-VLAAMSE DUURZAME LOGISTIEKE WERKVENNOOTSCHAP +4 more
since 2024 · until 2027
Shareholders
24.6%
17.4%
10.6%
10.2%
9.4%
7.7%
7.7%
6.6%
4%
2%
Participations
100%
50%
18.4%
15.1%
15.1%
15.1%
15.1%
15%
14.3%
13.6%
Establishments
Establishment units
Physical locations of this company
Noordlaan 9
8820 Torhout
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
UPCLOUD, FI
Website info
Features
Security
Details
- Company number
- 0448.632.324
- VAT number
- BE 0448.632.324
- Registered office
- Noordlaan 9, 8820 Torhout
- Names & denominations
- VLAAMSE ENERGIEHOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 1992
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- vlhold.be [email protected]
- Activities · NACE
Activiteiten van holdings
Holdings
Productie van elektriciteit uit niet-hernieuwbare bronnen
Overige zakelijke dienstverlening, neg