Financials
Financial year 2025
Elia Group from Brussel, company number BE0476388378, closed financial year 2025 with a result of € 174.9 million after tax. Compared with financial year 2024, the result moved from € 141.9 million to € 174.9 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 3, 2026.
€ 5.1 billion
▲ 75% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 174.9 million
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 5.4 million
▲ 101% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 223.8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
9.3
▲ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▲ 96% vs 2024
€ 411,400 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.
Debts at end 2025
€ 1.7 billion
Loans from banks and other lenders, long and short.
€ 3.8 million
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 131 days on average.
€ 1.5 million
▼ 77% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 2,867,888 | - | - | |
| Profit after taxes | € 144,244,931 | € 214,954,071 | € 141,949,155 | € 174,928,502 | ▲ 23% |
| Equity | € 2,834,503,794 | € 2,903,828,756 | € 2,895,127,148 | € 5,053,144,293 | ▲ 75% |
| Total debts | € 1,151,660,927 | € 1,073,878,813 | € 1,889,663,621 | € 2,063,711,161 | ▲ 9% |
| Cash | € 147,268,917 | € 8,821,883 | € 2,692,335 | € 5,422,616 | ▲ 101% |
| Retained profit | € 262,312,007 | € 331,001,588 | € 322,299,980 | € 273,474,536 | ▼ 15% |
| Dividend | € 140,389,506 | € 146,264,491 | € 150,650,763 | € 223,753,945 | ▲ 49% |
| Bank debt | € 998,921,002 | € 898,398,350 | € 1,695,599,344 | € 1,696,257,287 | |
| Balance sheet total | € 3,986,164,721 | € 3,977,707,569 | € 4,784,790,768 | € 7,145,155,454 | ▲ 49% |
| Employees (FTE) | 6.5 | 6.9 | 7.2 | 9.3 | ▲ 2.1 |
Key figures of Elia Group, 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 Group?
What happened at Elia Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier Chapelle stepped down as director. NBB
- Michel Sirat stepped down as director. NBB
- Pascale Van Damme stepped down as director. NBB
- Roberte Kesteman stepped down as director. NBB
- Dominique Offergeld stepped down as director. NBB
- Eddy Vermoesen stepped down as director. NBB
- Bernard Thiry stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 174.9 million (▲ 23% vs 2024). Source: NBB ↗
In short
From € 144.2 million profit in 2022 to € 174.9 million profit in 2025.
Paid € 15 million in corporate taxes since 2022.
Best year ever: 2023, with € 215 million profit.
Paid out € 661.1 million in dividends to the owners in total.
Management
The stake of NextGrid Holding, PUBLI-T, Intercommunale pure de financement du Brabant Wallon comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Elia GroupThe shares are held by NextGrid Holding (44.8%), PUBLI-T (0.4%) and Intercommunale pure de financement du Brabant Wallon (0.1%). It owns 100% of Eurogrid International, 100% of Windgrid, 100% of Elia Transmission Belgium and 50% of Elia Grid International itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2026
since 2025 · until 2026
Michel Sirat
Director
since 2025 · until 2029
Olivier Chapelle
Director
since 2025 · until 2029
Pascale Van Damme
Director
since 2022 · until 2029
since 2017 · until 2029
since 2021 · until 2026
since 2017 · until 2029
since 2023 · until 2029
Director · represented by Thibaud Wyngaard
Owns 0% via PUBLI-T
Also active at: ELIA ASSET, Elia Transmission Belgium
since 2022 · until 2026
since 2023 · until 2029
Shareholders
44.8%
PUBLI-T · holding of Interfin CV
0.4%
Participations
Establishments
Establishment units
Physical locations of this company
Keizerslaan 20
1000 Brussel
Emile Van Dorenlaan 99
3600 Genk
Active since 29 August 2005
Vilvoordselaan 126
1000 Brussel
Active since 29 August 2005
Vaartkaai 2
2170 Antwerpen
Active since 29 August 2005
Rue de Droixhe 5
4020 Liège
Active since 29 August 2005
Rue Phocas Lejeune,Isnes 23
5032 Gembloux
Active since 29 August 2005
Rue du Bosquet(GY) 37
6181 Courcelles
Active since 29 August 2005
Villeroux 25
6640 Vaux-sur-Sûre
Active since 29 August 2005
Kortrijksestraat 110
8860 Lendelede
Active since 29 August 2005
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 February 2026
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
€ 51.3 million revenue · 2025
ELIA ASSET same network
€ 963.7 million revenue · 2025
ELIA GRID INTERNATIONAL same network
€ 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
- 0476.388.378
- VAT number
- BE 0476.388.378
- Registered office
- Keizerslaan 20, 1000 Brussel
- Names & denominations
- Elia Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2001
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Transmissie van elektriciteit
Activiteiten van holdings
Holdings