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 64 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ENGIE ENERGY MANAGEMENT from Brussel, company number BE0831958211, closed financial year 2025 with a result of € 1.4 billion after tax. For that financial year ENGIE ENERGY MANAGEMENT recorded revenue of € 139.5 million and equity of € 4.6 billion. Compared with financial year 2024, the result moved from € 708.7 million to € 1.4 billion. Profitable, and profit is growing. The buffer shrank hard: equity is 51 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 4.6 billion
▼ 51% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 billion
▲ 95% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.2 billion paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
6
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▼ 5% vs 2024
€ 399,500 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
€ 2 billion
Loans from banks and other lenders, long and short.
€ 36.5 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 115 days on average.
€ 11.4 million
▲ € 9.1 million vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 355,597,382 | € 217,776,283 | € 162,941,564 | € 139,509,841 | ▼ 14% |
| Profit after taxes | € 467,702,919 | € 1,468,447,506 | € 708,705,917 | € 1,379,694,878 | ▲ 95% |
| Equity | € 17,976,139,676 | € 19,444,587,183 | € 9,388,840,143 | € 4,556,739,459 | ▼ 51% |
| Total debts | € 134,063,975 | € 2,545,673,648 | € 12,877,708,317 | € 2,091,078,762 | ▼ 84% |
| Cash | € 554,337 | € 1,599,793 | € 1,660,674 | € 1,500,617 | ▼ 10% |
| Retained profit | € 11,004,239,533 | € 12,472,687,039 | € 2,416,940,000 | € 556,739,459 | ▼ 77% |
| Dividend | € 130,000,000 | € 0 | € 10,764,452,956 | € 3,239,895,419 | ▼ 70% |
| Bank debt | € 0 | € 2,302,295,000 | € 2,000,000,000 | € 2,000,000,000 | |
| Balance sheet total | € 18,110,203,651 | € 21,990,260,831 | € 22,266,548,460 | € 6,647,818,221 | ▼ 70% |
| Employees (FTE) | 8 | 7 | 7 | 6 | ▼ 1 |
Key figures of ENGIE ENERGY MANAGEMENT, 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 ENGIE ENERGY MANAGEMENT?
What happened at ENGIE ENERGY MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jonathan SUSIN stepped down as director. NBB
- Stéphanie VASTERSAVENDTS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.4 billion (▲ 95% vs 2024). Source: NBB ↗
- Laurence JATON stepped down as director. NBB
- Jonathan SUSIN became a director. NBB
- Stéphanie VASTERSAVENDTS became a director. NBB
- Laurence JATON became a director. NBB
- New establishment in Brussel. KBO
In short
From € 467.7 million profit in 2022 to € 1.4 billion profit in 2025.
Paid € 33.9 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.5 billion profit.
Paid out € 14.1 billion in dividends to the owners in total.
A new publication or filing at ENGIE ENERGY MANAGEMENT? 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 Electrabel (100%). It owns 100% of ENGIE HOLDING PORTUGAL SA, 100% of TRUSTENERGY BV, 100% of ENGIE ITALIA S.P.A and 100% of IP KARUGAMO HOLDINGS (UK) LIMITED itself.
Directors
According to the 2025 annual accounts
Laurence JATON
Chairman of the board
since 2022 · until 2026
Jonathan SUSIN
Managing director
since 2025 · until 2029
Stéphanie VASTERSAVENDTS
Director
since 2023 · until 2027
Shareholders
100%
Participations
TRUSTENERGY BV
100%
ENGIE ITALIA S.P.A
100%
IP KARUGAMO HOLDINGS (UK) LIMITED
100%
Establishments
Establishment units
Physical locations of this company
Simon Bolivarlaan 36
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →Union financière et industrielle
ENGIE ENERGY SERVICES INTERNATIONAL
BELGONUCLEAIRE
ELECTRABEL same network
€ 13.1 billion revenue · 2025
INTERNATIONAL POWER
€ 33.4 million revenue · 2024
+38 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
- 0831.958.211
- VAT number
- BE 0831.958.211
- Registered office
- Simon Bolivarlaan 36, 1000 Brussel
- Names & denominations
- ENGIE ENERGY MANAGEMENT · E.E.M.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2010
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- engie.com
- Activities · NACE
Activiteiten van holdings
Activiteiten van hoofdkantoren
Holdings