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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
ORES Assets from Charleroi, company number BE0543696579, closed financial year 2025 with a result of € 96.5 million after tax. For that financial year ORES Assets recorded revenue of € 1.2 billion and equity of € 2.1 billion. Compared with financial year 2024, the result moved from € 72.4 million to € 96.5 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 2, 2026.
€ 2.1 billion
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96.5 million
▲ 33% vs 2024
Profit after tax over the fiscal year.
€ 101,515
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 74.1 million paid out
77 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 47.3 million
▲ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.7 billion
▲ 16% vs 2024
€ 215.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 145.8 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 66 days on average.
€ 13.7 million
▲ 88% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,262,895,356 | € 1,124,226,545 | € 1,062,304,170 | € 1,159,409,027 | ▲ 9% |
| Profit after taxes | € 182,448,992 | € 106,206,038 | € 72,377,926 | € 96,505,594 | ▲ 33% |
| Equity | € 1,910,431,137 | € 1,948,850,153 | € 2,050,231,411 | € 2,070,897,517 | ▲ 1% |
| Total debts | € 2,638,718,966 | € 2,684,431,254 | € 2,783,221,740 | € 3,116,679,358 | ▲ 12% |
| Cash | € 121,839 | € 319,605 | € 119,036 | € 101,515 | ▼ 15% |
| Land & buildings | € 136,261,716 | € 133,356,018 | € 131,328,287 | € 133,131,107 | ▲ 1% |
| Retained profit | € 571,819,584 | € 651,776,511 | € 667,578,311 | € 557,348,937 | ▼ 17% |
| Dividend | € 71,658,373 | € 74,667,710 | € 76,144,571 | € 74,078,606 | ▼ 3% |
| Bank debt | € 2,286,120,232 | € 2,257,782,502 | € 2,332,281,572 | € 2,703,302,866 | ▲ 16% |
| Balance sheet total | € 4,559,626,929 | € 4,636,900,826 | € 4,873,759,277 | € 5,227,753,741 | ▲ 7% |
Key figures of ORES Assets, fiscal years 2021 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 ORES Assets?
What happened at ORES Assets in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 96.5 million (▲ 33% vs 2024). Source: NBB ↗
- Laurence DENYS became a director. NBB
- Thomas DERIDDER stepped down as director. NBB
- New establishment in Charleroi. KBO
- Alain Gillis became a director. NBB
- Richard FOURNAUX became a director. NBB
- Rémy LEBOUTTE became a director. NBB
- Rachel SOBRY became a director. NBB
In short
From € 182.4 million profit in 2021 to € 96.5 million profit in 2025.
Paid € 159.9 million in corporate taxes since 2021.
Best year ever: 2021, with € 182.4 million profit.
Paid out € 296.5 million in dividends to the owners in total.
Management
The stake of CENEO, Intercommunale pure d'électricité et de gaz, Intercommunale pure de financement du Brabant Wallon, SOFILUX, FINOST - FINEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ORES AssetsBehind ORES Assets are Laurence DENYS, Alain Gillis, Richard FOURNAUX, Rémy LEBOUTTE, Rachel SOBRY and Jean-Luc MOSSERAY. The shares are held by CENEO (44.8%), Intercommunale pure d'électricité et de gaz (15.7%), Intercommunale pure de financement du Brabant Wallon (13.6%), SOFILUX (11.3%) and FINOST - FINEST (3.8%). It owns 99.7% of Opérateur de Réseaux d'Energies, 93% of Comnexio and 16.7% of ATRIAS itself.
Directors
According to the 2025 annual accounts
since 2025
Alain Gillis
Director
Also active at: SOCIETE PUBLIQUE DE GESTION DE L'EAU, WE Environnement, AQUAWAL, WATER & CONSTRUCT EXPERTISE, Société digitale des Eaux de Wallonie, OPERATEUR DE RESEAUX D'ENERGIES
since 2025
Richard FOURNAUX
Director
Also active at: Service Social du Personnel de l'Administration Provinciale, OPERATEUR DE RESEAUX D'ENERGIES
since 2025
Rémy LEBOUTTE
Director
Also active at: CENTRE DE RECHERCHE ET D'INFORMATION SOCIO-POLITIQUES, Centre de recherche et d'information socio-politiques, COMNEXIO, OPERATEUR DE RESEAUX D'ENERGIES
since 2025
Rachel SOBRY
Director, Vice-chairman of the board
Also active at: Union des Villes et Communes de Wallonie, OPERATEUR DE RESEAUX D'ENERGIES
since 2025
Jean-Luc MOSSERAY
Director
Also active at: Intercommunale namuroise de Services publics, COMNEXIO, LOTH-INFO, OPERATEUR DE RESEAUX D'ENERGIES, ASBL Coeur de Condroz
since 2025
since 2025
since 2025
since 2025
since 2025
Camille MAITREJEAN
Director, Chairman of the board
Also active at: PROMOTION DE L'EMPLOI, COMNEXIO, OPERATEUR DE RESEAUX D'ENERGIES
since 2025
since 2025
since 2025
André ANTOINE
Director
Also active at: Intercommunale pure de financement du Brabant Wallon, Union des Villes et Communes de Wallonie, COMNEXIO, NEOWAL, OPERATEUR DE RESEAUX D'ENERGIES
since 2025
Sébastien HUMBLET
Director
Also active at: Intercommunale pure d'électricité et de gaz, Le Foyer Jambois et extensions, Association des ressources humaines hospitalières, PUBLIGAS, PISCICULTURE DE SECHE FOSSE, JURIS-IMMO, COMNEXIO, NEOWAL +1 more
since 2025
Christelle MATHIEU
Director
Also active at: LUXEMBOURG DEVELOPPEMENT EUROPE DEUX, OPERATEUR DE RESEAUX D'ENERGIES
since 2025
since 2025
since 2025
since 2025
since 2025
since 2020 · until 2025
Florence Van Hout
Director
Also active at: CENTRE INTERCOMMUNALE DE SANTE DU COEUR DU HAINAUT, OPERATEUR DE RESEAUX D'ENERGIES
since 2019 · until 2025
Claude Bultot
Director
Also active at: Société intercommunale BEP-Environnement, COMNEXIO, OPERATEUR DE RESEAUX D'ENERGIES
since 2019 · until 2025
since 2025 · until 2025
Maria VITULANO
Director
Also active at: Association Intercommunale de Financement pour l'Equipement Economique de la Province de Luxembourg, Agence locale pour l'Emploi de Musson, OPERATEUR DE RESEAUX D'ENERGIES
since 2022 · until 2025
Mohammed Amine MELLOUK
Director
Also active at: INTERCOMMUNALE DE MUTUALISATION EN MATIERE INFORMATIQUE ET ORGANISATIONNELLE, OPERATEUR DE RESEAUX D'ENERGIES
since 2022 · until 2025
since 2019 · until 2025
André DUTHY
Director
since 2019 · until 2025
since 2019 · until 2025
Christian Fayt
Director
Also active at: in BW Association Intercommunale, COMNEXIO, OPERATEUR DE RESEAUX D'ENERGIES
since 2019 · until 2025
since 2019 · until 2025
Jorj RADIKOV
Director
Also active at: INTERCOMMUNALE D'ETUDE ET DE GESTION, FOYER TIBERIADE, DOCTEUR RADIKOV SPRL CIVILE, OPERATEUR DE RESEAUX D'ENERGIES
since 2024 · until 2025
since 2019 · until 2025
Mario PITZ
Director
Also active at: ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE, Wirtschaftsförderungsgesellschaft Ostbelgiens VoG, Marienheim Raeren, ÖFFENTLICHER WOHNUNGSBAU OSTBELGIEN, OPERATEUR DE RESEAUX D'ENERGIES
since 2022 · until 2025
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Avenue Jean Mermoz 14
6041 Charleroi
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
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0543.696.579
- VAT number
- BE 0543.696.579
- Registered office
- Avenue Jean Mermoz 14, 6041 Charleroi
- Names & denominations
- ORES Assets
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 30 December 2013
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- ores.be [email protected]
- Activities · NACE
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