Warning lights
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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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ASPIRAVI from Kortrijk, company number BE0477518825, closed financial year 2025 with a result of € 29.6 million after tax. For that financial year ASPIRAVI recorded revenue of € 79.5 million and equity of € 108.5 million. Compared with financial year 2024, the result moved from € 54.2 million to € 29.6 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ 108.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29.6 million
▼ 45% vs 2024
Profit after tax over the fiscal year.
€ 4.8 million
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 29.5 million paid out
100 % of the profit went to the shareholders, mostly to Aspiravi Holding (85 % of the shares). That is where the money ends up.
People and assets in 2025
48.7
▲ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.7 million
▲ 1% vs 2024
€ 96,900 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.
€ 51,387
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 173.3 million
▲ 5% vs 2024
€ 11.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 11.5 million
▲ € 8.8 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 140 days on average.
€ 3.2 million
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 57,344,916 | € 95,738,883 | € 79,484,404 | € 79,472,526 | |
| Profit after taxes | € 16,151,634 | € 51,613,484 | € 54,158,961 | € 29,574,282 | ▼ 45% |
| Equity | € 70,168,605 | € 84,418,523 | € 108,512,891 | € 108,523,225 | |
| Total debts | € 100,213,471 | € 151,698,697 | € 202,858,308 | € 220,395,436 | ▲ 9% |
| Cash | € 3,442,084 | € 4,122,524 | € 7,618,228 | € 4,818,215 | ▼ 37% |
| Land & buildings | - | - | - | € 2,960,804 | |
| Retained profit | € 63,925,989 | € 78,175,907 | € 102,270,275 | € 102,280,609 | |
| Dividend | € 16,096,542 | € 37,268,807 | € 29,995,431 | € 29,471,424 | ▼ 2% |
| Bank debt | € 60,191,196 | € 100,605,280 | € 164,467,683 | € 173,276,695 | ▲ 5% |
| Balance sheet total | € 177,321,009 | € 239,748,057 | € 315,222,869 | € 333,026,511 | ▲ 6% |
| Employees (FTE) | 40.4 | 42.8 | 47.2 | 48.7 | ▲ 1.5 |
Key figures of ASPIRAVI, 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 ASPIRAVI?
What happened at ASPIRAVI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Joris Laenen stepped down as director. NBB
- Guy Dumst stepped down as director. NBB
- Mark Vanleeuw stepped down as director. NBB
- Estos CommV stepped down as director. NBB
- Jan Valgaeren stepped down as director. NBB
- Habib el Ouakili stepped down as director. NBB
- Kristof Bossuyt stepped down as director. NBB
- Raf Drieskens stepped down as director. NBB
In short
From € 16.2 million profit in 2022 to € 29.6 million profit in 2025.
Paid € 20.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 54.2 million profit.
Paid out € 112.8 million in dividends to the owners in total.
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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 Aspiravi Holding (84.9%) and Vlaamse Energie Holding (15.1%). It owns 100% of A&P Wind Services, 66.7% of Limburg Win(d)t, 66.7% of Lommel win(d)t, 50% of A&U Energie, 50% of Vlaamse Ecologie - Energie - en milieuonderneming 3 and 50% of A&S Energie itself.
Directors
According to the 2025 annual accounts
Joris Laenen
Director
Also active at: VLAAMSE ENERGIEHOLDING, SOCOFE, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI INTERNATIONAL +2 more
since 2025 · until 2029
Guy Dumst
Director
Also active at: Kanvaz, Zenne en Dijle, Toerisme Vlaams-Brabant, VLAAMSE ENERGIEHOLDING, CREADIV, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY +6 more
since 2023 · until 2029
Mark Vanleeuw
Director
Also active at: VLAAMSE ENERGIEHOLDING, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ, TeaMWise, ASPIRAVI ENERGY, LOMMEL WIN(D)T, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI ANTILLEN +7 more
since 2023 · until 2029
Director · represented by Eric Spiessens
Also active at: ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI ANTILLEN, ASPIRAVI INTERNATIONAL, ASPIRAVI OFFSHORE II
since 2025 · until 2029
Jan Valgaeren
Director
Also active at: Wonen in Limburg, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI ANTILLEN +8 more
since 2023 · until 2029
Habib el Ouakili
Director
Also active at: Crematorium Hasselt, VLAAMSE ENERGIEHOLDING, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI ANTILLEN, ASPIRAVI INTERNATIONAL +3 more
since 2025 · until 2029
Kristof Bossuyt
Director
Also active at: Vereniging van Vlaamse Steden en Gemeenten, FINEG, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, ASPIRAVI TRADING, ASPIRAVI ANTILLEN, ASPIRAVI INTERNATIONAL +3 more
since 2025 · until 2029
Raf Drieskens
Chairman of the board
Also active at: Wonen in Limburg, Ons Eigen Huis, Vereniging van Vlaamse Steden en Gemeenten, VLAAMS SELECTIECENTRUM VOOR HET OVERHEIDSPERSONEEL C.V.B.A."TEVENS GENAAMD 'JOBPUNT VLAANDEREN' EN/ OF 'POOLSTOK', TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, ASPIRAVI TRADING +8 more
since 2025 · until 2029
Toon Vancoillie
Director
Also active at: West-Vlaamse Intercommunale, EFIN, ASPIRAVI OFFSHORE, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, BLIJVELDE WOON- EN ZORGCENTRUM, ASPIRAVI TRADING +7 more
since 2023 · until 2029
Kevin Defieuw
Director
Also active at: EFIN, ASPIRAVI OFFSHORE, TeaMWise, A&P WIND SERVICES, ASPIRAVI ANTILLEN, ASPIRAVI INTERNATIONAL, EFIN AC, Z-KRACHT +3 more
since 2023 · until 2029
David De Brabant
Director
Also active at: PUBLILEC, C - Power, ASPIRAVI OFFSHORE, The eCloud Company, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, JULANO +9 more
since 2023 · until 2029
Shareholders
84.9%
15.1%
Participations
Establishments
Establishment units
Physical locations of this company
President Kennedypark(Kor) 8A box 1
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →ASPIRAVI OFFSHORE same network
€ 557,384 revenue · 2025
TeaMWise same network
€ -10,876 gross margin · 2025
ASPIRAVI ENERGY same network
€ 84.1 million revenue · 2025
A&P WIND SERVICES same network
€ 1.9 million revenue · 2025
Cableco
€ 5.9 million revenue · 2025
+6 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
- 0477.518.825
- VAT number
- BE 0477.518.825
- Registered office
- President Kennedypark(Kor) 8A bus 1, 8500 Kortrijk
- Names & denominations
- ASPIRAVI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 May 2002
- Peppol
- Active · Active since 13 Mar 2026
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Productie van elektriciteit
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings