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 21 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
ELIA ASSET from Brussel, company number BE0475028202, closed financial year 2025 with a result of € 140.2 million after tax. For that financial year ELIA ASSET recorded revenue of € 963.7 million and equity of € 1.7 billion. Compared with financial year 2024, the result moved from € 110.2 million to € 140.2 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 1.7 billion
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 140.2 million
▲ 27% vs 2024
Profit after tax over the fiscal year.
€ 8 million
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 135.3 million paid out
97 % of the profit went to the shareholders, mostly to Elia Transmission Belgium SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
999.9
▲ 62.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 138.9 million
▲ 6% vs 2024
€ 138,900 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.
€ 84.3 million
▲ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 504.5 million
▼ 18% vs 2024
Loans from banks and other lenders, long and short.
€ 541.5 million
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 618 days on average.
€ 40.3 million
▲ 35% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 698,887,329 | € 764,499,686 | € 834,048,571 | € 963,684,407 | ▲ 16% |
| Profit after taxes | € 109,768,776 | € 126,800,871 | € 110,235,962 | € 140,211,450 | ▲ 27% |
| Equity | € 1,740,639,058 | € 1,748,007,349 | € 1,764,031,259 | € 1,727,818,065 | ▼ 2% |
| Total debts | € 3,113,205,835 | € 3,511,290,898 | € 4,327,204,340 | € 5,406,775,488 | ▲ 25% |
| Cash | € 10,828,924 | € 10,279,582 | € 7,901,935 | € 8,025,192 | ▲ 2% |
| Land & buildings | € 183,829,897 | € 185,738,976 | € 198,583,292 | € 224,197,165 | ▲ 13% |
| Retained profit | € 60,645,747 | € 67,935,788 | € 73,917,643 | € 78,814,478 | ▲ 7% |
| Dividend | € 102,280,588 | € 119,510,830 | € 104,254,106 | € 135,314,614 | ▲ 30% |
| Bank debt | € 543,070,647 | € 861,244,813 | € 618,452,838 | € 504,518,932 | ▼ 18% |
| Balance sheet total | € 4,894,224,285 | € 5,301,069,618 | € 6,138,768,565 | € 7,188,609,164 | ▲ 17% |
| Employees (FTE) | 899.7 | 904 | 937.3 | 999.9 | ▲ 62.6 |
Key figures of ELIA ASSET, 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 ELIA ASSET?
What happened at ELIA ASSET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fabienne Bozet stepped down as director. NBB
- Roberte Kersteman stepped down as director. NBB
- Dominique Offergeld stepped down as director. NBB
- Eddy Vermoesen stepped down as director. NBB
- Astrid Pieron stepped down as director. NBB
- Bernard Thiry stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 140.2 million (▲ 27% vs 2024). Source: NBB ↗
- Christophe Peeters stepped down as director. NBB
In short
From € 109.8 million profit in 2022 to € 140.2 million profit in 2025.
Paid € 157.9 million in corporate taxes since 2022.
Best year ever: 2025, with € 140.2 million profit.
Paid out € 461.4 million in dividends to the owners in total.
A new publication or filing at ELIA ASSET? 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 Elia Transmission Belgium SA (100%) and Publi-T (0%). It owns 100% of ELIA RE and 100% of ELIA ENGINEERING itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2026
since 2025 · until 2029
since 2020 · until 2026
Nadine Lemaitre
Director
since 2025 · until 2026
Roberte Kersteman
Director
since 2023 · until 2029
since 2021 · until 2026
since 2023 · until 2029
since 2023 · until 2029
Director · represented by Thibaud Wyngaard
Owns 0% via Publi-T
Also active at: Elia Group, Elia Transmission Belgium
since 2022 · until 2026
since 2025 · until 2029
since 2023 · until 2029
since 2022 · until 2026
Shareholders
Publi-T · holding of Interfin CV
0%
Participations
ELIA RE
100%
100%
Establishments
Establishment units
Physical locations of this company
Keizerslaan 20
1000 Brussel
Rue Phocas Lejeune,Isnes 23
5032 Gembloux
Active since 5 July 2001
Vilvoordselaan 126
1000 Brussel
Active since 1 July 2001
Vaartkaai 2
2170 Antwerpen
Active since 1 July 2001
Emile Van Dorenlaan 99
3600 Genk
Active since 1 July 2001
Rue de Droixhe 5
4020 Liège
Active since 1 July 2001
Rue du Bosquet(GY) 37
6181 Courcelles
Active since 1 July 2001
Villeroux 25
6640 Vaux-sur-Sûre
Active since 1 July 2001
Kortrijksestraat 110
8860 Lendelede
Active since 1 July 2001
Ambachtenlaan 25
9080 Lochristi
Active since 9 January 2009
Léon Monnoyerkaai 3
1000 Brussel
Active since 30 September 2013
Joseph Stevensstraat 7
1000 Brussel
Active since 22 June 2014
Souverainestraat 33
9770 Kruisem
Active since 1 March 2026
Esplanadestraat 7
8400 Oostende
Active since 1 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Elia Engineering same network
€ 51.3 million revenue · 2025
Elia Group same network
ELIA GRID INTERNATIONAL
€ 14.3 million revenue · 2025
Elia Transmission Belgium same network
€ 1.5 billion revenue · 2025
re.alto-energy
€ -1.4 million gross margin · 2025
+2 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
- 0475.028.202
- VAT number
- BE 0475.028.202
- Registered office
- Keizerslaan 20, 1000 Brussel
- Names & denominations
- ELIA ASSET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2001
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Transmissie van elektriciteit