Financials
Financial year 2025
Elia Transmission Belgium from Brussel, company number BE0731852231, closed financial year 2025 with a result of € 228.4 million after tax. For that financial year Elia Transmission Belgium recorded revenue of € 1.5 billion and equity of € 3.9 billion. Compared with financial year 2024, the result moved from € 237 million to € 228.4 million. The company is profitable. 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.
€ 3.9 billion
▲ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 228.4 million
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 31.6 million
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 186.4 million paid out
82 % of the profit went to the shareholders, mostly to Elia Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
611.6
▲ 121.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 91.4 million
▲ 31% vs 2024
€ 149,500 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
€ 5.4 billion
▲ 7% vs 2024
€ 522.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 415.6 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 112 days on average.
€ 19.4 million
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,421,187,916 | € 1,339,437,870 | € 1,522,477,237 | € 1,524,550,649 | |
| Profit after taxes | € 164,672,217 | € 165,373,651 | € 237,008,025 | € 228,371,596 | ▼ 4% |
| Equity | € 2,548,873,519 | € 2,624,246,216 | € 2,761,554,275 | € 3,860,494,516 | ▲ 40% |
| Total debts | € 4,830,930,126 | € 5,063,630,070 | € 5,830,880,987 | € 6,591,734,698 | ▲ 13% |
| Cash | € 402,243,967 | € 50,360,210 | € 52,553,847 | € 31,634,178 | ▼ 40% |
| Retained profit | € 192,429,256 | € 267,166,574 | € 404,474,632 | € 446,454,814 | ▲ 10% |
| Dividend | € 180,797,156 | € 90,636,333 | € 99,699,967 | € 186,391,415 | ▲ 87% |
| Bank debt | € 3,598,783,376 | € 4,111,296,967 | € 5,042,288,979 | € 5,410,027,899 | ▲ 7% |
| Balance sheet total | € 7,380,518,695 | € 7,688,416,068 | € 8,592,763,692 | € 10,452,686,219 | ▲ 22% |
| Employees (FTE) | 419.4 | 426.5 | 490.3 | 611.6 | ▲ 121.3 |
Key figures of Elia Transmission Belgium, 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 Transmission Belgium?
What happened at Elia Transmission Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eddy Vermoesen stepped down as director. NBB
- Fabienne Bozet stepped down as director. NBB
- Dominique Offergeld stepped down as director. NBB
- Astrid Pieron stepped down as director. NBB
- Roberte Kesteman stepped down as director. NBB
- Bernard Thiry stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 228.4 million (▼ 4% vs 2024). Source: NBB ↗
- Els Neirynck stepped down as director. NBB
In short
From € 164.7 million profit in 2022 to € 228.4 million profit in 2025.
Paid € 62.9 million in corporate taxes since 2022.
Best year ever: 2024, with € 237 million profit.
Paid out € 557.5 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 Elia Group (100%) and Publi-T. It owns 100% of Elia Asset, 50% of Nemo Link Ltd., 17% of H.G.R.T. SAS, 15.8% of Coreso, 0% of Elia Engineering and 0% of Elia RE itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2026
since 2023 · until 2029
since 2025 · until 2029
since 2023 · until 2029
since 2021 · until 2026
since 2025 · until 2029
since 2025 · until 2026
Nadine Lemaitre-Rozencweig
Director
since 2025 · until 2026
Director · represented by Thibaud Wyngaard
Holds a stake via Publi-T
Also active at: ELIA ASSET, Elia Group
since 2022 · until 2026
since 2023 · until 2029
Bernard Thiry
Vice-chairman of the board
Also active at: ELIA ASSET, Elia Group, EUROGRID INTERNATIONAL
since 2023 · until 2029
since 2020 · until 2026
Shareholders
100%
Publi-T · holding of Interfin CVBA
Participations
Establishments
Establishment units
Physical locations of this company
Keizerslaan 20
1000 Brussel
Emile Van Dorenlaan 99
3600 Genk
Active since 1 January 2020
Rue Phocas Lejeune,Isnes 12
5032 Gembloux
Active since 1 January 2020
Vaartkaai 2
2170 Antwerpen
Active since 1 January 2020
Rue de Droixhe 5
4020 Liège
Active since 1 January 2020
Kortrijksestraat 110
8860 Lendelede
Active since 1 January 2020
Villeroux 25
6640 Vaux-sur-Sûre
Active since 1 January 2020
Vilvoordselaan 126
1000 Brussel
Active since 1 January 2020
Joseph Stevensstraat 7
1000 Brussel
Active since 1 January 2020
Rue du Bosquet(GY) 37
6181 Courcelles
Active since 1 January 2020
Ambachtenlaan 25
9080 Lochristi
Active since 1 January 2020
Léon Monnoyerkaai 3
1000 Brussel
Active since 1 January 2020
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.
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ELIA ASSET same network
€ 963.7 million revenue · 2025
Elia Group same network
ELIA GRID INTERNATIONAL
€ 14.3 million 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
- 0731.852.231
- VAT number
- BE 0731.852.231
- Registered office
- Keizerslaan 20, 1000 Brussel
- Names & denominations
- Elia Transmission Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 August 2019
- Peppol
- Active · Active since 10 Apr 2026
- Activities · NACE
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