Financials
Financial year 2025
BRUSSELS NETWORK OPERATIONS from Brussel, company number BE0881278355, closed financial year 2025 with a result of € 1,204 after tax. For that financial year BRUSSELS NETWORK OPERATIONS recorded revenue of € 142.7 million and equity of € 23,229. Compared with financial year 2024, the result moved from € 1,033 to € 1,204. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 23,229
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,204
▲ 17% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,204 paid out
100 % of the profit went to the shareholders, mostly to SIBELGA (98 % of the shares). That is where the money ends up.
People and assets in 2025
1,201.7
▲ 38.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 142 million
▲ 6% vs 2024
€ 118,200 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
None
No bank loans on the last day of the fiscal year.
€ 2.4 million
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 97 days on average.
€ 23.8 million
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 128,540,234 | € 133,727,790 | € 142,606,960 | € 142,657,537 | |
| Profit after taxes | € 1,033 | € 1,033 | € 1,033 | € 1,204 | ▲ 17% |
| Equity | € 23,229 | € 23,229 | € 23,229 | € 23,229 | |
| Total debts | € 27,470,651 | € 33,651,416 | € 34,069,048 | € 30,253,443 | ▼ 11% |
| Cash | € 3,016,750 | € 849,571 | € 911,666 | € 1,185,176 | ▲ 30% |
| Retained profit | € 3,929 | € 3,929 | € 3,929 | € 3,929 | |
| Dividend | € 1,033 | € 1,033 | € 1,033 | € 1,204 | ▲ 17% |
| Balance sheet total | € 34,523,720 | € 41,221,768 | € 41,785,831 | € 30,294,672 | ▼ 28% |
| Employees (FTE) | 1,082.3 | 1,103.1 | 1,163.5 | 1,201.7 | ▲ 38.2 |
Key figures of BRUSSELS NETWORK OPERATIONS, 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 BRUSSELS NETWORK OPERATIONS?
What happened at BRUSSELS NETWORK OPERATIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- David CORDONNIER stepped down as director. NBB
- Olivia P'TITO stepped down as director. NBB
- Hervé DOYEN stepped down as director. NBB
- Ahmed OUARTASSI stepped down as director. NBB
- Floriane BONNIER stepped down as director. NBB
- Luca D'AGRO stepped down as director. NBB
- Thibaud WYNGAARD stepped down as director. NBB
- EY Reviseur d'entreprises SRL - représenté par Carlo-Sébastien D'Addario stepped down as director. NBB
In short
From € 1,033 profit in 2022 to € 1,204 profit in 2025.
Paid € 7.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 1,204 profit.
Paid out € 4,302 in dividends to the owners in total.
Management
The shares are held by SIBELGA (98%), INTERFIN (1%), COMMUNE D'IXELLES (0.5%) and COMMUNE DE ST-GILLES (0.5%).
Directors
According to the 2025 annual accounts
David CORDONNIER
Chairman of the board
Also active at: SIBELGA, Interfin, Conseil de l'Enseignement des Communes et des Provinces
since 2025 · until 2031
Olivia P'TITO
Director
Also active at: SIBELGA, INTERFIN, Gewestelijke School voor Openbaar Bestuur - Ecole régionale d'Administration publique, PUBLI-T
since 2025 · until 2031
Hervé DOYEN
Director
Also active at: SIBELGA, INTERFIN, LOJEGA, Centre scolaire Notre-Dame de la Sagesse
since 2025 · until 2031
EY Reviseur d'entreprises SRL - représenté par Carlo-Sébastien D'Addario
Réviseur d'Entreprises
Also active at: SIBELGA, SERVICE D'AIDE A DOMICILE, Centre Medico Social du Tournaisis, SERVICE D'ACCUEILLANTES D'ENFANTS CONVENTIONNEES, A.VOGEL, BMC Software Belgium, JSA, Dynaco Europe +30 more
since 2024 · until 2027
Floriane BONNIER
Director
Also active at: SIBELGA, INTERFIN, Jeunesse à Bruxelles, MABRU, FINANCIERE REYERS
since 2025 · until 2031
since 2025 · until 2031
Thibaud WYNGAARD
Director
Also active at: SIBELGA, Interfin, ELIA ASSET, PUBLI-T, Elia Group, Elia Transmission Belgium
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Werkhuizenkaai 16
1000 Brussel
Emile Jacqmainlaan 96
1000 Brussel
Active since 26 June 2006
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.
Details
- Company number
- 0881.278.355
- VAT number
- BE 0881.278.355
- Registered office
- Werkhuizenkaai 16, 1000 Brussel
- Names & denominations
- BRUSSELS NETWORK OPERATIONS · BNO
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 12 May 2006
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Distributie van elektriciteit
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Handel in elektriciteit