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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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
EFIN from Torhout, company number BE0472244597, closed financial year 2025 with a result of € 18.9 million after tax. For that financial year EFIN recorded revenue of € 645,502 and equity of € 308.4 million. Compared with financial year 2024, the result moved from € 18.1 million to € 18.9 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 17, 2026.
€ 308.4 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18.9 million
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 65,721
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10.3 million paid out
54 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
1.5
Average over the fiscal year, from the social balance sheet.
€ 334,431
▲ 5% vs 2024
€ 223,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,803
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 44,335
▼ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 9 days on average.
€ 37,637
▼ 64% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 418,012 | € 1,107,302 | € 659,844 | € 645,502 | ▼ 2% |
| Profit after taxes | € 8,587,135 | € 9,477,396 | € 18,146,045 | € 18,941,087 | ▲ 4% |
| Equity | € 233,853,739 | € 234,208,134 | € 299,689,452 | € 308,380,539 | ▲ 3% |
| Total debts | € 1,631,699 | € 2,116,466 | € 2,391,976 | € 2,513,245 | ▲ 5% |
| Cash | € 1,398,521 | € 123,739 | € 150,892 | € 65,721 | ▼ 56% |
| Retained profit | € 54,930,839 | € 55,283,234 | € 57,394,699 | € 66,085,786 | ▲ 15% |
| Dividend | € 6,500,000 | € 9,125,000 | € 9,450,000 | € 10,250,000 | ▲ 8% |
| Balance sheet total | € 235,485,438 | € 236,324,600 | € 302,081,428 | € 310,893,785 | ▲ 3% |
| Employees (FTE) | 1.5 | 2.3 | 1.5 | 1.5 |
Key figures of EFIN, 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 EFIN?
What happened at EFIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wim Dedecker stepped down as director. NBB
- Tom Hens stepped down as director. NBB
- Filip Buyse stepped down as director. NBB
- Kristof Pillaert stepped down as director. NBB
- Patrick LANSENS stepped down as director. NBB
- Kathleen Duchi stepped down as director. NBB
- Joost Cuvelier stepped down as director. NBB
- Johan Vermaut stepped down as director. NBB
In short
From € 8.6 million profit in 2022 to € 18.9 million profit in 2025.
Paid € 392,164 in corporate taxes since 2022.
Best year ever: 2025, with € 18.9 million profit.
Paid out € 35.3 million in dividends to the owners in total.
Management
Behind EFIN is David De Brabant. The shares are held by gemeente Wevelgem (14.9%), stad Harelbeke (13.7%), gemeente Middelkerke (12.8%), stad Torhout (8.9%), stad Diksmuide (8.3%) and gemeente Kortemark (6.1%). It owns 35% of ASPIRAVI HOLDING, 31.4% of PUBLILEC, 30% of Z-KRACHT, 25% of SUNFIN, 10.2% of VLAAMSE ENERGIEHOLDING and 6.1% of The eCloud Company itself.
Directors
According to the 2025 annual accounts
since 2023
Claudia COUDEVILLE
Director
since 2019 · until 2025
Wim Dedecker
Director
Also active at: D & D ADVIESBURO, AUTONOOM GEMEENTEBEDRIJF MIDDELKERKE, BURO B EN D
since 2025 · until 2031
since 2025 · until 2031
Filip Buyse
Director
Also active at: AUTONOOM GEMEENTEBEDRIJF ELEKTRICITEITSNET IZEGEM, Intergemeentelijke vereniging voor duurzaam milieubeleid in Izegem en Ommeland, Autonoom gemeentebedrijf Izegem
since 2025 · until 2031
Ann VANDENBROELE
Director
since 2019 · until 2025
since 2019 · until 2025
since 2019 · until 2025
since 2019 · until 2025
since 2025 · until 2031
since 2019 · until 2031
since 2025 · until 2031
Joost Cuvelier
Director
Also active at: Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid
since 2025 · until 2031
Diderik PATTYN
Director
since 2023 · until 2025
since 2019 · until 2025
Johan Vermaut
Director
since 2025 · until 2031
Toon VANCOILLIE
Vice-chairman of the board
Also active at: West-Vlaamse Intercommunale, ASPIRAVI, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, BLIJVELDE WOON- EN ZORGCENTRUM, ASPIRAVI TRADING +6 more
since 2019 · until 2031
since 2025 · until 2031
Jens BALLIÈRE
Director
since 2019 · until 2031
Kevin DEFIEUW
Chairman of the board
Also active at: ASPIRAVI, ASPIRAVI OFFSHORE, TeaMWise, A&P WIND SERVICES, ASPIRAVI ANTILLEN, ASPIRAVI INTERNATIONAL, Z-KRACHT, ASPIRAVI HOLDING +2 more
since 2019 · until 2031
since 2019 · until 2025
Rudy ROMMENS
Director
since 2019 · until 2031
Lies LARIDON
Vice-chairman of the board
Also active at: FLUVIUS, Fluvius West, FLUVIUS WEST, WOONMAATSCHAPPIJ IJZER EN ZEE, Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid, West-Vlaamse Politieschool, VLAAMSE ENERGIEHOLDING, 't WERKPAND +3 more
since 2019 · until 2031
Kristien Hollevoet
Director
since 2025 · until 2031
Lieve LANDUYT
Director
Also active at: LILAN, OPDRACHTHOUDENDE VERENIGING VOOR CREMATORIUMBEHEER IN HET ARRONDISSEMENT OOSTENDE
since 2019 · until 2025
Shareholders
14.9%
13.7%
12.8%
8.9%
8.3%
6.1%
5.7%
5.4%
4.7%
3.9%
3.7%
3.7%
3.2%
2.9%
2.1%
Participations
35%
31.4%
30%
25%
10.2%
6.1%
3.5%
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.
Details
- Company number
- 0472.244.597
- VAT number
- BE 0472.244.597
- Registered office
- Noordlaan 9, 8820 Torhout
- Names & denominations
- EFIN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2000
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van holdings
Holdings
Productie van elektriciteit uit niet-hernieuwbare bronnen
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