ELECTRABEL

Active Public limited companyfounded 1905active for 121 yearsSimon Bolivarlaan 36, 1000 BrusselsKBO/BCE: BE 0403.170.701 subsidiary of ENGIE#1 company by total assets in Belgium, Energy sector

Part of the group ENGIE 197 companies in 29 countries

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ELECTRABEL

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Holdings

own 2025 accounts, the bar shows equity in euros

This companyELECTRABEL40 holdings, 3 countries 2025 accounts

Belgium 38 Year Equity Result

BE ENGIE ENERGY MANAGEMENT 2025€4.56bn result €1.38bn (2025)
BE CONTASSUR (CONTIBEL ASSURANCES VIE)15% 2024€208.1m result €6.0m (2024)
BE BE-NUC50% 2025€148.2m result €138.2m (2025)
BE WIND4FLANDERS50% 2025€46.6m result €1.7m (2025)
BE ZANDVLIET POWER50% 2025€28.8m result €659,275 (2025)
BE BELGONUCLEAIRE22.46% 2025€25.5m result €311,705 (2025)
BE HACO13.64% 2026€24.9m result €79,652 (2026)
BE LABORELEC (LABORATOIRE BELGE DE L'INDUSTRIE ELECTRIQUE)99.99% 2025€21.8m result €1.2m (2025)
BE WIND4FLANDERS PROJECTS 20.01% 2025€17.4m result €1.1m (2025)
BE WIND4FLANDERS PROJECTS 10.01% 2025€16.9m result €2.1m (2025)
BE SYNATOM ( SOCIETE BELGE DES COMBUSTIBLES NUCLEAIRES )99.99% 2025€15.6m result €20.5m (2025)
BE EGPF (ELECTRABEL GREEN PROJECTS FLANDERS)70% 2025€15.4m result -€881,205 (2025)
BE GROEN COMPAGNIE VERTE50% 2025€15.4m result €1.5m (2025)
BE WIND4FLANDERS PROJECTS 30.01% 2025€15.3m result €175,603 (2025)
BE GREENSKY50% 2025€15.1m result €3.1m (2025)
BE ENGIE SUN4BUSINESS50% 2025€15.1m result -€182,023 (2025)
BE CONQUEST4WIND P549% 2025€13.1m result €1.9m (2025)
BE WIND4FLANDERS PROJECTS 40.01% 2025€10.7m result €921,495 (2025)
BE N-ALLO 2025€10.3m result €1.7m (2025)
BE BLOMHOF99.99% 2025€9.9m result €206,134 (2025)
BE WIND4WALLONIA50% 2025€9.1m result €709,170 (2025)
BE ICO WINDPARK37.5% 2025€8.3m result €2.0m (2025)
BE CONTASSUR ASSISTANCE-CONSEIL0.04% 2025€7.9m result €874,756 (2025)
BE LILLO ENERGY50% 2025€5.4m result €2.8m (2025)
BE COGREEN CV0.34% 2025€4.5m result €179,885 (2025)
BE ELECTRABEL SEANERGY80% 2025€3.7m result €62,736 (2025)
BE ENGIE GLOBAL BUSINESS SUPPORT0.01% 2024€3.7m result €5,975 (2024)
BE WALWIND50% 2025€2.3m result €9,132 (2025)
BE SEAGULL I62.49% 2025€2.2m result €303,602 (2025)
BE UFI (UNION FINANCIERE ET INDUSTRIELLE) 2025€2.0m result €14,897 (2025)
BE ENORA10% 2025€1.9m result €163,841 (2025)
BE STERRES 2025€1.4m result €75,354 (2025)
BE RECYBEL49% 2025€477,151 result €191,979 (2025)
BE LES VENTS DE PERWEZ24.88% 2026€189,969 result -€15,706 (2026)
BE CAPRICORN CLEANTECH FUND ( en liquidation)11.18%no longer active 2023€157,728 result -€254,890 (2023)
BE ENGIE MANAGEMENT COMPANY BELGIUM0.01% 2025€122,667 result €0 (2025)
BE LES VENTS DE L'ORNOI50% 2026€83,715 result -€175,966 (2026)
BE BELUX INNOVATION HOLDING 2025-€7,065 result -€18.1m (2025)

Europe 2 Year Equity Result

NL ENGIE ENERGIE NEDERLAND HOLDING 2024€2.28bn result -€25.1m (2024)
DE ENGIE GENERATION GERMANY GMBH 2024€195,375 result €38,753 (2024)

Source: list of holdings in its own 2025 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

Part of the group ENGIE Group, risk and exposure

Parent

ENGIE

France

At the same address

Simon Bolivarlaan 36, 1000 Brussels · 50 other companies

ENGIE CC registered office since 01-01-2011 · founded in 1990 · group ENGIE	total assets €17.35bn (2025) 0442.100.363
Belgische Maatschappij voor Kernbrandstoffen Synatom registered office since 01-10-1969 · founded in 1969 · group ENGIE	turnover €299.8m (2025) 0406.820.671
ENGIE ENERGY SERVICES INTERNATIONAL registered office since 01-11-1946 · founded in 1946 · group ENGIE	total assets €7.45bn (2025) 0403.108.145
ENGIE ENERGY MANAGEMENT registered office since 01-01-2011 · founded in 2010 · group ENGIE	turnover €139.5m (2025) 0831.958.211
INTERNATIONAL POWER registered office since 01-01-2011 · founded in 1903 · group ENGIE	total assets €3.68bn (2025) 0403.203.264
BE-NUC registered office since 08-05-2024 · founded in 2024	turnover €401.6m (2025) 1009.228.976
GENFINA registered office since 09-09-1988 · founded in 1988 · group ENGIE	total assets €630.1m (2025) 0435.084.986
TELFIN registered office since 31-12-1984 · founded in 1984 · group ENGIE	total assets €575.0m (2025) 0427.428.025
TRACTEBEL ENGINEERING registered office since 01-11-1972 · founded in 1972 · group ENGIE	1,326 FTE (2025) 0412.639.681
GEMONYX establishment since 24-04-2019 · founded in 2019	turnover €244.6m (2025) 0725.645.320

and 40 more

Earlier ties

NAMUR INVEST PREFACE via Philippe Vanbéver, at ELECTRABEL, last mentioned in 2014 · Director · deed of 23-09-2010 founded in 2001 · negative equity (2025) · group NAMUR INVEST	total assets €31.6m (2025)
SENEC via Pierre Devillers, at ELECTRABEL, last mentioned in 2010 · Director · deed of 01-07-2025 founded in 1982 · negative equity (2024) · group ENGIE · accounts filed late	114 FTE (2024)
OWN CAPITAL via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Director · deed of 19-07-2021 founded in 2021 · negative equity (2025)	total assets €9.1m (2025)
Indigo Diabetes via Van Den Bossche Jan, at ELECTRABEL, last mentioned in 2015 · Director · deed of 28-07-2020 founded in 2016 · negative equity (2025)	11 FTE (2025)
ENGELS B&E via Didier Engels, at ELECTRABEL until 2018 · Permanent representative · deed of 02-09-2020 founded in 2004 · negative equity (2025)	total assets €93,627 (2025)
ALLEGRIA SOLUTIONS via Denis Lohest, at ELECTRABEL, last mentioned in 2015 · Director (not named in the articles) · deed of 12-08-2026 founded in 2024 · negative equity (2025)	total assets €17,135 (2025)

Show 128 more earlier ties

BNP Paribas Fortis via Sophie Dutordoir, at ELECTRABEL until 2014 · Director · deed of 12-06-2019 founded in 1934 · group BNP PARIBAS	total assets €282.82bn (2025)
KBC Bank via Jean-Pierre Depaemelaere, at ELECTRABEL, last mentioned in 2008 · Independent director · deed of 19-02-2010 founded in 1998 · group KBC Groep	total assets €236.27bn (2025)
KBC Groupe via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 04-06-2010 founded in 1935	total assets €39.70bn (2025)
CBC Banque via Jean-Pierre Depaemelaere, at ELECTRABEL, last mentioned in 2008 · Director · deed of 03-06-2016 founded in 1958 · group KBC Groep	total assets €19.48bn (2025)
ENGIE CC via BIGAUD Yanick (at ELECTRABEL, last mentioned in 2011), Didier Engels (at ELECTRABEL until 2018) and 2 others · Director · deeds of 11-05-2017 and 02-01-2014 founded in 1990 · group ENGIE	total assets €17.35bn (2025)
SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES via Sophie Dutordoir, at ELECTRABEL until 2014 · Director · deed of 13-02-2017 founded in 1968 · group Belgische Staat	turnover €2.62bn (2025)
Fluvius System Operator via André SARENS (at ELECTRABEL, last mentioned in 2014), Luc De Bruycker (at ELECTRABEL, last mentioned in 2005) and Sophie Dutordoir (at ELECTRABEL until 2014) · deeds of 10-08-2012, 12-04-2010 and 05-07-2004 founded in 2002	5,326 FTE (2025)
PROXIMUS via Lutgart Van den Berghe, at ELECTRABEL until 2014 · Director · deed of 26-05-2010 founded in 1930 · group Belgische Staat	8,312 FTE (2025)
ELIA ASSET via Walter PEERAER (at ELECTRABEL, last mentioned in 2008) and Sophie Dutordoir (at ELECTRABEL until 2014) · Director · deeds of 19-02-2010 and 01-07-2005 founded in 2001 · group Elia Group	1,000 FTE (2025)
Delhaize Le Lion/De Leeuw via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 28-06-2011 founded in 1962 · group Koninklijke Ahold Delhaize N.V.	3,423 FTE (2025)
FLUXYS via Walter PEERAER, at ELECTRABEL, last mentioned in 2008 · Director · deed of 18-04-2014 founded in 2010 · group PUBLIGAS	total assets €4.79bn (2025)
TELENET via Yvan Dupon (at ELECTRABEL, last mentioned in 2005) and André SARENS (at ELECTRABEL, last mentioned in 2014) · Director · deed of 18-06-2004 founded in 2000 · group LIBERTY GLOBAL LTD.	2,476 FTE (2025)
bpost via Sophie Dutordoir, at ELECTRABEL until 2014 · Director · deed of 08-07-2013 founded in 1974	23,730 FTE (2025)
SOCIETE PUBLIQUE DE GESTION DE L'EAU via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 21-03-2022 founded in 1980	turnover €450.2m (2025)
FLUVIUS WEST via André SARENS, at ELECTRABEL, last mentioned in 2014 · Director · deed of 16-05-2013 founded in 1975	turnover €541.7m (2025)
TELENET GROUP HOLDING via Yvan Dupon (at ELECTRABEL, last mentioned in 2005) and André SARENS (at ELECTRABEL, last mentioned in 2014) · deed of 18-06-2004 founded in 2002 · group LIBERTY GLOBAL LTD.	total assets €3.08bn (2025)
OPERATEUR DE RESEAUX D'ENERGIES via Eric VAN den RUL (at ELECTRABEL, last mentioned in 2009), Philippe Vanbéver (at ELECTRABEL, last mentioned in 2014) and 2 others · deeds of 14-09-2012 and 02-08-2010 founded in 2008 · group ORES Assets	3,000 FTE (2025)
FLUVIUS ZENNE-DIJLE via André SARENS (at ELECTRABEL, last mentioned in 2014) and Sophie Dutordoir (at ELECTRABEL until 2014) · Director · deeds of 22-04-2013 and 29-07-2009 founded in 1982	turnover €354.2m (2025)
Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Non-executive director · deed of 08-08-2017 founded in 1895 · group SAVERCO	turnover €96.2m (2025)
FLUXYS BELGIUM via Jean-Pierre HANSEN (at ELECTRABEL, last mentioned in 2010), Yvan Dupon (at ELECTRABEL, last mentioned in 2005) and 3 others · deeds of 30-07-2010 and 22-09-2003 founded in 1929 · group PUBLIGAS	919 FTE (2025)
NETHYS via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 19-05-2023 founded in 1999 · group ENODIA	total assets €1.72bn (2025)
SIBELGA via Walter PEERAER (at ELECTRABEL, last mentioned in 2008) and Van Den Bossche Jan (at ELECTRABEL, last mentioned in 2015) · Director · deeds of 11-07-2005 and 11-07-2005 founded in 1982 · group INTERFIN	turnover €396.7m (2025)
Fluvius Halle-Vilvoorde via André SARENS (at ELECTRABEL, last mentioned in 2014) and Luc De Bruycker (at ELECTRABEL, last mentioned in 2005) · deeds of 30-06-2006 and 10-11-2003 founded in 1986	turnover €238.2m (2025)
SOCOFE via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 20-01-2020 founded in 2000	total assets €908.6m (2025)
JOHN COCKERILL via Sophie Dutordoir, at ELECTRABEL until 2014 · Director · deed of 26-09-2024 founded in 1981	566 FTE (2025)
AVEVE via Sophie Dutordoir, at ELECTRABEL until 2014 · Director · deed of 10-07-2019 founded in 1901 · group MAATSCHAPPIJ VOOR ROEREND BEZIT VAN DE BOERENBOND	474 FTE (2025)
INDAVER via Yvan Dupon, at ELECTRABEL, last mentioned in 2005 · Director · deed of 18-05-2015 founded in 1985 · group Indaver Holding	580 FTE (2025)
SN AIRHOLDING via Emmanuel Van Innis, at ELECTRABEL until 2012 · Director · deed of 28-09-2015 founded in 1979	167 FTE (2025)
PAIRI DAIZA via Florence Coppenolle, at ELECTRABEL, last mentioned in 2019 · Permanent representative · deed of 29-07-2022 founded in 1969 · group ALLARA	552 FTE (2026)
H. ESSERS via THIJS JOHNNY, no longer at H. ESSERS · Manager · deed of 01-08-2023 founded in 1999 · group MAN@THEWHEEL	total assets €509.9m (2025)
PROMAN Agilitas via Sophie Dutordoir, at ELECTRABEL until 2014 · Director · deed of 12-02-2010 founded in 2002 · group Proman Northeastern Europe	4,140 FTE (2025)
GIGARANT via Johan Van Bragt, at ELECTRABEL, last mentioned in 2019 · Independent director · deed of 30-08-2024 founded in 2009	turnover €13.5m (2025)
We Connect Infra via Luc De Bruycker, at ELECTRABEL, last mentioned in 2005 · Director · deed of 20-08-2021 founded in 2021	turnover €39.1m (2025)
NETWORK RESEARCH BELGIUM via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 01-09-2017 founded in 1986 · group ETHIAS	915 FTE (2025)
TRACTEBEL ENGINEERING via Pierre Devillers, at ELECTRABEL, last mentioned in 2010 · Director · deed of 14-09-2026 founded in 1972 · group ENGIE	1,326 FTE (2025)
ELICIO via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 19-06-2025 founded in 2014 · group ENODIA	50 FTE (2025)
Algemeen Ziekenhuis Alma via Lutgart Van den Berghe, at ELECTRABEL until 2014 · Director · deed of 18-10-2024 founded in 1998	1,125 FTE (2025)
LINEAS GROUP via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 05-04-2011 founded in 2010 · group B LOGISTICS HOLDING	total assets €263.0m (2025)
Société de Développement et de Participation du Bassin de Charleroi via Philippe Vanbéver, at ELECTRABEL, last mentioned in 2014 · Director · deed of 13-07-2009 founded in 1985	turnover €3.7m (2025)
FONDATION CONTRE LE CANCER via Tony VANDEPUTTE, at ELECTRABEL until 2010 · Director · deed of 07-06-2011 founded in 2005	87 FTE (2025)
Odisee via Sophie Dutordoir, at ELECTRABEL until 2014 · Director · deed of 26-01-2012 founded in 1971	201 FTE (2025)
BRUSSELS NETWORK OPERATIONS via André SARENS (at ELECTRABEL, last mentioned in 2014), Bernard MASSET (at ELECTRABEL, last mentioned in 2005) and Walter PEERAER (at ELECTRABEL, last mentioned in 2008) · deeds of 10-07-2006 and 22-05-2006 founded in 2006 · group INTERFIN	1,202 FTE (2025)
YPTO via Sophie Dutordoir, at ELECTRABEL until 2014 · Director · deed of 21-04-2017 founded in 2009 · group Belgische Staat	445 FTE (2025)
THE CAPITAL MARKETS COMPANY via Lutgart Van den Berghe, at ELECTRABEL until 2014 · Independent director · deed of 27-06-2003 founded in 1998	46 FTE (2025)
NEXANS NETWORK SOLUTIONS via Didier Engels, at ELECTRABEL until 2018 · Director · deed of 20-08-2026 founded in 1992 · group NEXANS	322 FTE (2025)
ROYAL SPORTING CLUB ANDERLECHT via Emmanuel Van Innis, at ELECTRABEL until 2012 · Director · deed of 22-12-2015 founded in 2010 · group ALYCHLO	166 FTE (2025)
BANIMMO via Emmanuel Van Innis, at ELECTRABEL until 2012 · Director · deed of 14-07-2010 founded in 2007 · group PATRONALE LIFE	turnover €3.2m (2025)
AGORIA via BIGAUD Yanick, at ELECTRABEL, last mentioned in 2011 · Director · deed of 16-08-2016 founded in 1946	181 FTE (2025)
Peltzer & Fils SA via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Permanent representative · deed of 16-09-2020 founded in 1968	total assets €81.9m (2025)
NAMUR INVEST via Philippe Vanbéver, at ELECTRABEL, last mentioned in 2014 · Director · deed of 06-09-2010 founded in 1995	total assets €77.8m (2025)
ST Engineering iDirect (Europe) CY via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Director · deed of 21-02-2017 founded in 1985	220 FTE (2025)
TELENET VLAANDEREN via Yvan Dupon (at ELECTRABEL, last mentioned in 2005) and André SARENS (at ELECTRABEL, last mentioned in 2014) · Director · deed of 18-06-2004 founded in 1996 · group LIBERTY GLOBAL LTD.	total assets €73.2m (2025)
ATRIAS via Eric VAN den RUL (at ELECTRABEL, last mentioned in 2009), Luc De Bruycker (at ELECTRABEL, last mentioned in 2005) and Fernand Grifnée (at ELECTRABEL, last mentioned in 2011) · Director · deeds of 05-09-2022, 16-10-2012 and 25-05-2011 founded in 2011	40 FTE (2025)
INVESTSUD via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Director · deed of 12-11-2024 founded in 1983 · group FINANCIERE DU SUD - EST	11 FTE (2025)
Fondation Francqui via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 18-11-2015 founded in 1932	total assets €55.6m (2025)
Wind4Flanders Projects Alfa via THOUMSIN François Pierre Daniel, at ELECTRABEL, last mentioned in 2019 · Director · deed of 21-11-2019 founded in 2019 · group ENGIE	turnover €5.0m (2025)
Fedustria via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Director · deed of 20-01-2025 founded in 2007	29 FTE (2025)
NeWIN via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 27-08-2021 founded in 2009	114 FTE (2025)
PIPELINK via Johan Van Bragt, at ELECTRABEL, last mentioned in 2019 · Director · deed of 24-06-2016 founded in 1978 · group Haven van Antwerpen - Brugge	7.2 FTE (2025)
WIND4WALLONIA 2 via THOUMSIN François Pierre Daniel, at ELECTRABEL, last mentioned in 2019 · Director · deed of 03-04-2020 founded in 2017 · group ENGIE	turnover €5.8m (2025)
DE STROOMLIJN via Luc De Bruycker, at ELECTRABEL, last mentioned in 2005 · Director · deed of 22-01-2007 founded in 2007 · group Fluvius System Operator	331 FTE (2025)
CARABI via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Permanent representative · deed of 08-12-2023 founded in 2006	total assets €28.1m (2025)
ENERDEAL GROUP via Florence Coppenolle, at ELECTRABEL, last mentioned in 2019 · Director · deed of 26-01-2022 founded in 2020	total assets €19.4m (2025)
Fédération belge des Banques alimentaires via Tony VANDEPUTTE, at ELECTRABEL until 2010 · Director · deed of 12-09-2014 founded in 1988	1.8 FTE (2025)
ELISABETH AAN ZEE via Luc De Bruycker, at ELECTRABEL, last mentioned in 2005 · Member of the executive committee · deed of 07-03-2014 founded in 1968	96 FTE (2025)
POSEIDON via Guido De Clercq, at ELECTRABEL, last mentioned in 2008 · Director · deed of 11-02-2026 founded in 1992	total assets €13.4m (2025)
FEDERATION DES ENTREPRISES DE BELGIQUE - VERBOND VAN BELGISCHE ONDERNEMINGEN - VERBAND DER BELGISCHEN UNTERNEHMEN via Fernand Grifnée, at ELECTRABEL, last mentioned in 2011 · Director · deed of 03-03-2022 founded in 2002	73 FTE (2025)
GROUPE MECA via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Permanent representative · deed of 03-11-2020 founded in 2018 · group CARABI	4.3 FTE (2025)
Fédération des Gestionnaires de Réseaux Electricité et Gaz en Belgique via Fernand Grifnée, at ELECTRABEL, last mentioned in 2011 · Chair of the board · deed of 30-08-2021 founded in 1946	24 FTE (2025)
Tennis Padel Pickelball Wallonie-Bruxelles via PONCELET Etienne, at ELECTRABEL, last mentioned in 2008 · Director · deed of 06-08-2010 founded in 1979	14 FTE (2025)
INTEREL HOLDINGS via Emmanuel Van Innis, at ELECTRABEL until 2012 · Director · deed of 12-07-2017 founded in 2011 · group INTEREL ASSOCIATION MANAGEMENT	total assets €9.7m (2025)
MECASPRING via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Administrateur rémunéré de type a · deed of 12-04-2021 founded in 2002 · group CARABI	62 FTE (2025)
ROYAL PARK INVESTMENTS via Guido De Clercq, at ELECTRABEL, last mentioned in 2008 · Class B director · deed of 12-06-2026 founded in 2008 · group ageas SA/NV	total assets €9.5m (2025)
GVO via Luc De Bruycker, at ELECTRABEL, last mentioned in 2005 · Day-to-day manager · deed of 18-09-2019 founded in 1994	11 FTE (2025)
Sint Anna via Luc De Bruycker, at ELECTRABEL, last mentioned in 2005 · Day-to-day manager · deed of 20-03-2019 founded in 1987	73 FTE (2025)
Ghentpoort via Luc De Bruycker, at ELECTRABEL, last mentioned in 2005 · Director · deed of 09-03-2020 founded in 1997	total assets €7.2m (2025)
Wallonie Data Center via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 09-09-2021 founded in 2006	4.9 FTE (2025)
Compagnie Immobilière de Belgique via Tony VANDEPUTTE, at ELECTRABEL until 2010 · Director · deed of 04-11-2011 founded in 1968	total assets €6.2m (2025)
Cinémathèque Royale de Belgique via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 19-07-2012 founded in 1969	56 FTE (2025)
INSTITUT DE L'INSTRUCTION CHRETIENNE - ABBAYE DE FLONE via Alex PIRARD, at ELECTRABEL, last mentioned in 2005 · Director · deed of 17-08-2026 founded in 1986	15 FTE (2025)
ASSUSOFT via Wim De Clercq, at ELECTRABEL, last mentioned in 2017 · Director · deed of 10-05-2021 founded in 1985	24 FTE (2025)
BECI-BRUSSELS CHAMBER OF COMMERCE via Emmanuel Van Innis, at ELECTRABEL until 2012 · Director · deed of 02-12-2010 founded in 1961	21 FTE (2026)
PHENIX DATA CENTER via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 16-11-2022 founded in 2003	turnover €420,000 (2025)
Instituut voor Bestuurders - l'Institut des Administrateurs via Lutgart Van den Berghe, at ELECTRABEL until 2014 · Director · deed of 25-06-2018 founded in 1995	total assets €3.6m (2025)
Institut Saint-Dominique via Laurent Michiels, permanent representative of ELECTRABEL · Director · deed of 15-06-2011 founded in 1964	18 FTE (2025)
Community of European Railway and Infrastructure Companies via Sophie Dutordoir, at ELECTRABEL until 2014 · Vice-chair · deed of 07-07-2026 founded in 1996	16 FTE (2025)
ALUBERT via Emmanuel SCHELLEKENS, at ELECTRABEL, last mentioned in 2003 · Permanent representative · deed of 06-02-2020 founded in 1993 · group CARABI	turnover €180,000 (2025)
Citymesh 0G via Johan Van Bragt, at ELECTRABEL, last mentioned in 2019 · Director · deed of 04-01-2017 founded in 2015 · group ANSA	2.5 FTE (2025)
CHIRVASC DR PIRARD via Alex PIRARD, at ELECTRABEL, last mentioned in 2005 · Director (not named in the articles) · deed of 17-08-2020 founded in 2015	total assets €829,533 (2025)
Stichting Brandwonden - Fondation des brûlés via Jean-Pierre ARNOULD, at ELECTRABEL, last mentioned in 2002 · Managing director · deed of 05-10-2022 founded in 1986	6.8 FTE (2025)
FEBEG RECONCILIATION AND SETTLEMENT ORGANISATION via Thierry Saegeman, no longer at FEBEG RECONCILIATION AND SETTLEMENT ORGANISATION · Director · deed of 05-07-2021 founded in 2010	total assets €564,129 (2025)
ASSOCIATION POUR LA PROMOTION DES ARTS ET DU PATRIMOINE via Fernand Grifnée (at ELECTRABEL, last mentioned in 2011) and Florence Coppenolle (at ELECTRABEL, last mentioned in 2019) · deeds of 07-03-2014 and 15-02-2012 founded in 1985	5.6 FTE (2025)
SERVADIS via Jean-Pierre ARNOULD, at ELECTRABEL, last mentioned in 2002 · Permanent representative · deed of 13-03-2026 founded in 2006	total assets €510,070 (2025)
CONTRIBUONS A UNE WALLONIE PICARDE DE QUALITÉ via Florence Coppenolle, at ELECTRABEL, last mentioned in 2019 · Director · deed of 09-07-2026 founded in 1998	total assets €300,060 (2025)
DIVERSIFICATION ET COMMUNICATION via Florence Coppenolle, at ELECTRABEL, last mentioned in 2019 · Managing director · deed of 12-02-2024 founded in 1991	1 FTE (2025)
GUIDO DE CLERCQ via Guido De Clercq, at ELECTRABEL, last mentioned in 2008 · Director (not named in the articles) · deed of 21-06-2023 founded in 2016	total assets €32,146 (2025)
NR63 via Johan Van Bragt, at ELECTRABEL, last mentioned in 2019 · Permanent representative · deed of 10-09-2018 founded in 2018	total assets €29,713 (2025)
Association des Gestionnaires de Réseaux Wallons ASBL via Fernand Grifnée, at ELECTRABEL, last mentioned in 2011 · Director · deed of 27-07-2026	founded in 2023
BELFIUS ASSURANCES via Lutgart Van den Berghe, at ELECTRABEL until 2014 · Independent director · deed of 06-07-2023 group BELFIUS BANK	founded in 1925
BELFIUS BANQUE via Lutgart Van den Berghe, at ELECTRABEL until 2014 · Director · deed of 28-05-2024	founded in 1962
Belgian Waste-to-Energy via Magerman, Geert, permanent representative of ELECTRABEL · Day-to-day manager · deed of 21-11-2022	founded in 2015
CAISSE DE PENSIONS TRACTEBEL - PENSIOENKAS TRACTEBEL via Hein Dirix (at ELECTRABEL, last mentioned in 2005) and Didier Engels (at ELECTRABEL until 2018) · deeds of 05-09-2025 and 27-07-2011	founded in 1953
Cimarosa Muziekreizen via Van Den Bossche Jan, at ELECTRABEL, last mentioned in 2015 · Director · deed of 02-03-2026	founded in 2011
Club de Tennis de Table Hamme-Mille 6V via Philippe Vanbéver, at ELECTRABEL, last mentioned in 2014 · Committee member · deed of 01-09-2026	founded in 2017
Confédération Européenne des Associations d'Administrateurs via Lutgart Van den Berghe, at ELECTRABEL until 2014 · Director · deed of 04-10-2017	founded in 2004
DE VRIENDEN VAN HET ZOUTE - LES AMIS DU ZOUTE via Emmanuel Van Innis, at ELECTRABEL until 2012 · Director · deed of 04-02-2022	founded in 1932
Ecole Saint-Jean-Baptiste via Didier Engels, at ELECTRABEL until 2018 · Chair · deed of 29-01-2026	founded in 1994
ENTRAIDE FRANCAISE via Emmanuel Van Innis, at ELECTRABEL until 2012 · Director · deed of 06-05-2019	founded in 1947
EPM ACADEMY via Jean-Pierre HANSEN (at ELECTRABEL, last mentioned in 2010) and THOUMSIN François Pierre Daniel (at ELECTRABEL, last mentioned in 2019) · Director · deeds of 28-12-2022 and 06-07-2015	founded in 1987
Fondation CHU Saint-Pierre via Florence Coppenolle, at ELECTRABEL, last mentioned in 2019 · Chair · deed of 24-06-2022	founded in 2015
ICC Belgique via Guido De Clercq, at ELECTRABEL, last mentioned in 2008 · Director · deed of 17-03-2015	founded in 2007
LA PISTE AUX ESPOIRS via Florence Coppenolle, at ELECTRABEL, last mentioned in 2019 · Director · deed of 12-07-2023	founded in 2003
Les (rencontres) Inattendues, musiques et philosophies via Florence Coppenolle, at ELECTRABEL, last mentioned in 2019 · Director · deed of 08-01-2024	founded in 2015
Lions Club Frameries en Borinage via Serge LEFEVRE, at ELECTRABEL, last mentioned in 2003 · Director · deed of 19-12-2023	founded in 1983
Lohest.eu via Denis Lohest, at ELECTRABEL, last mentioned in 2015 · Manager · deed of 26-09-2025	founded in 2025
ORGANISATION DES BUREAUX D'INGENIEURS CONSEILS D'INGENIERIE ET DE CONSULTANCE - ORGANISATIE VAN RAADGEVENDE INGENIEURS ENGINEERING EN CONSULTANCYBUREAUS via Denis Lohest, at ELECTRABEL, last mentioned in 2015 · Director · deed of 25-11-2021	founded in 1992
PENSIOBEL via Luc De Bruycker (at ELECTRABEL, last mentioned in 2005), Pierre Devillers (at ELECTRABEL, last mentioned in 2010) and 5 others · Director · deeds of 12-08-2010 and 31-07-2009	founded in 1952
SEQUOIA via Christine Marchal, at ELECTRABEL, last mentioned in 2019 · Director · deed of 10-12-2024	founded in 2005
Sporthonden Groeninghe Waregem via Debaets Marc, at ELECTRABEL, last mentioned in 2005 · Director · deed of 20-03-2026	founded in 2015
STICHTING VAN DE ONDERNEMING - FONDATION DE L'ENTREPRISE via Tony VANDEPUTTE, at ELECTRABEL until 2010 · Director · deed of 04-10-2011	founded in 1956
Syndicat d'Initiative Le Méridional via Jean-Pierre ARNOULD, at ELECTRABEL, last mentioned in 2002 · Director · deed of 30-07-2025	founded in 1989
Transparency International Belgium via Guido De Clercq, at ELECTRABEL, last mentioned in 2008 · Day-to-day manager · deed of 01-07-2019	founded in 1995
V.V.D.H. KG GROENINGHE - WAREGEM via Debaets Marc, at ELECTRABEL, last mentioned in 2005 · Logistiek verantwoordelijk · deed of 13-05-2025	founded in 1991
INTEGRALE via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 18-05-2020 No longer active · founded in 1931 · group ENODIA	total assets €9.1m (2025)
UNION DES ENTREPRISES DE BRUXELLES-VERBOND VAN ONDERNEMINGEN TE BRUSSEL via Denis Lohest, at ELECTRABEL, last mentioned in 2015 · Director · deed of 04-12-2019 No longer active	2.2 FTE (2023)
Aelin Therapeutics via Van Den Bossche Jan, at ELECTRABEL, last mentioned in 2015 · Director · deed of 02-06-2022 No longer active · founded in 2017	turnover €30,000 (2025)
NEWCO1 via Jean-Pierre HANSEN, at ELECTRABEL, last mentioned in 2010 · Director · deed of 09-09-2021 No longer active	total assets €167,328 (2023)
SEMPAI PARTNERS via Eric VAN den RUL, at ELECTRABEL, last mentioned in 2009 · Director · deed of 15-07-2020 No longer active	total assets €81,462 (2021)

Holdings and subsidiaries

40 in the list of holdings, 5 from the LEI register · 32 subsidiaries, including indirect ones

ELECTRABEL INVEST LUXEMBOURGLUsubsidiary
SourceLEI register

consolidated
ENGIE Energie Nederland N.V.NLsubsidiary
SourceLEI register

consolidated
ENGIE Invest International S.A.LUsubsidiary
SourceLEI register

consolidated
ENGIE PORTFOLIO MANAGEMENT B.V.NLsubsidiary
SourceLEI register

consolidated
INTERNATIONAL POWER LTD.GBsubsidiary
SourceLEI register

consolidated

Share, source and own figures per holding (40)

Source for every holding own accounts 2025

BELUX INNOVATION HOLDINGsubsidiary
Equity -€7,065 Loss of €18.1m in 2025 (loss of €663,850 in 2024) Checked score 49
Alsoaccounts BELUX INNOVATION HOLDING 2025

100%
ENGIE ENERGIE NEDERLAND HOLDINGNLsubsidiary
Equity €2.28bnResult -€25.1m

100%
ENGIE ENERGY MANAGEMENTsubsidiary
Equity €4.56bn Profit of €1.38bn in 2025 (profit of €708.7m in 2024)
Alsoaccounts ENGIE ENERGY MANAGEMENT 2025

100%+ 0% via subsidiaries
ENGIE GENERATION GERMANY GMBHDEsubsidiary
Equity €195,375Result €38,753

100%
N-ALLOsubsidiary
Equity €10.3m Profit of €1.7m in 2025 (profit of €2.6m in 2024) Checked score 90

100%
STERRESsubsidiary
Equity €1.4m Profit of €75,354 in 2025 (profit of €185,803 in 2024) Checked score 86
Alsoaccounts STERRES 2025

100%
Union financière et industriellesubsidiary
Equity €2.0m Profit of €14,897 in 2025 (profit of €37,952 in 2024) Checked score 92
Alsoaccounts Union financière et industrielle 2025

100%
Belgisch Laboratorium van Elektriciteitsindustriesubsidiary
Equity €21.8m Profit of €1.2m in 2025 (profit of €3.1m in 2024) Checked score 95
AlsoLEI register accounts Belgisch Laboratorium van Elektriciteitsindustrie 2025

99.99%
Belgische Maatschappij voor Kernbrandstoffen Synatomsubsidiary
Equity €15.6m Profit of €20.5m in 2025 (profit of €797,135 in 2024)
AlsoLEI register accounts Belgische Maatschappij voor Kernbrandstoffen Synatom 2025

99.99%
BLOMHOFsubsidiary
Equity €9.9m Profit of €206,134 in 2025 (profit of €81,960 in 2024) Checked score 95
Alsoaccounts BLOMHOF 2025

99.99%+ 0.01% via subsidiaries
ELECTRABEL SEANERGYsubsidiary
Equity €3.7m Profit of €62,736 in 2025 (profit of €72,247 in 2024) Checked score 95

80%
ELECTRABEL GREEN PROJECTS FLANDERSsubsidiary
Equity €15.4m Loss of €881,205 in 2025 (loss of €363,407 in 2024) Checked score 88
Alsoaccounts ELECTRABEL GREEN PROJECTS FLANDERS 2025

70%+ 0.01% via subsidiaries
Seagull Isubsidiary
Equity €2.2m Profit of €303,602 in 2025 (profit of €259,895 in 2024) Checked score 94
Alsoaccounts Seagull I 2025

62.49%+ 37.51% via subsidiaries
BE-NUC
Equity €148.2m Profit of €138.2m in 2025 (loss of €10,145 in 2024) Checked score 57
Alsodeed 30-09-2025deed 30-09-2025accounts BE-NUC 2025deed 30-09-2025deed 30-09-2025deed 16-05-2024

50%
GREENSKY
Equity €15.1m Profit of €3.1m in 2025 (profit of €3.8m in 2024) Checked score 97
Alsoaccounts GREENSKY 2025

50%
GROEN COMPAGNIE VERTE
Equity €15.4m Profit of €1.5m in 2025 (profit of €5,567 in 2024)
Alsoaccounts GROEN COMPAGNIE VERTE 2025

50%
Joulz Sun4Business
Equity €15.1m Loss of €182,023 in 2025 (profit of €2.0m in 2024)

50%
LES VENTS DE L'ORNOI
Equity €83,715 Loss of €175,966 in 2026 (profit of €56,370 in 2025) Checked score 55
Alsoaccounts LES VENTS DE L'ORNOI 31-03-2026

50%+ 50% via subsidiaries
LILLO ENERGY
Equity €5.4m Profit of €2.8m in 2025 (profit of €540,205 in 2024) Checked score 88
Alsoaccounts LILLO ENERGY 2025

50%
WALWIND
Equity €2.3m Profit of €9,132 in 2025 (profit of €19,383 in 2024) Checked score 94
Alsoaccounts WALWIND 2025

50%
WIND4FLANDERS
Equity €46.6m Profit of €1.7m in 2025 (profit of €4.4m in 2024) Checked score 95
Alsoaccounts WIND4FLANDERS 2025

50%
WIND4WALLONIA
Equity €9.1m Profit of €709,170 in 2025 (profit of €757,071 in 2024) Checked score 96
Alsoaccounts WIND4WALLONIA 2025

50%
ZANDVLIET POWER
Equity €28.8m Profit of €659,275 in 2025 (profit of €893,202 in 2024) Checked score 86
Alsoaccounts ZANDVLIET POWER 2025

50%
Conquest4Wind P5
Equity €13.1m Profit of €1.9m in 2025 (profit of €1.5m in 2024) Checked score 93
Alsoaccounts Conquest4Wind P5 2025

49%+ 51% via subsidiaries
RECYBEL
Equity €477,151 Profit of €191,979 in 2025 (profit of €248,113 in 2024) Checked score 94

49%+ 51% via subsidiaries
ICO WINDPARK
Equity €8.3m Profit of €2.0m in 2025 (profit of €1.1m in 2024) Checked score 96
Alsoaccounts ICO WINDPARK 2025

37.5%
LES VENTS DE PERWEZ
Equity €189,969 Loss of €15,706 in 2026 (profit of €18,640 in 2025) Checked score 95
Alsoaccounts LES VENTS DE PERWEZ 31-03-2026

24.88%
BELGONUCLEAIRE
Equity €25.5m Profit of €311,705 in 2025 (loss of €799,242 in 2024) Checked score 93

22.46%+ 8.59% via subsidiaries
CONTASSUR - CONTIBEL ASSURANCES VIE - CONTIBEL LEVENSVERZEKERINGEN
Equity €208.1mResult €6.0m

15%+ 85% via subsidiaries
Haco
Equity €24.9m Profit of €79,652 in 2026 (profit of €324,805 in 2025) Checked score 86

13.64%
CAPRICORN CLEANTECH FUND
Equity €157,728 Loss of €254,890 in 2023 (loss of €3.7m in 2022)

11.18%
ENoRa
Equity €1.9m Profit of €163,841 in 2025 (profit of €394,167 in 2024) Checked score 95

10%
CoGreen
Equity €4.5m Profit of €179,885 in 2025 (profit of €234,355 in 2024) Checked score 70

0.34%
CONTASSUR BIJSTAND ADVIES
Equity €7.9m Profit of €874,756 in 2025 (profit of €1.1m in 2024)

0.04%+ 99.96% via subsidiaries
ENGIE Global Business Support
Loss of €217,747 in 2025 (profit of €5,975 in 2024)
Alsoaccounts ENGIE Global Business Support 2024

0.01%+ 99.99% via subsidiaries
ENGIE MANAGEMENT COMPANY BELGIUM
Equity €122,667 Result of €0 in 2025 (loss of €887,333 in 2024) Checked score 66
Alsoaccounts ENGIE MANAGEMENT COMPANY BELGIUM 2025

0.01%+ 99.99% via subsidiaries
WIND4Flanders Projects 1
Equity €16.9m Profit of €2.1m in 2025 (profit of €2.6m in 2024) Checked score 97
Alsoaccounts WIND4Flanders Projects 1 2025

0.01%+ 99.99% via subsidiaries
WIND4FLANDERS PROJECTS 2
Equity €17.4m Profit of €1.1m in 2025 (profit of €417,950 in 2024) Checked score 97
Alsoaccounts WIND4FLANDERS PROJECTS 2 2025

0.01%+ 99.99% via subsidiaries
WIND4FLANDERS PROJECTS 3
Equity €15.3m Profit of €175,603 in 2025 (loss of €250,208 in 2024) Checked score 95
Alsoaccounts WIND4FLANDERS PROJECTS 3 2025

0.01%+ 99.99% via subsidiaries
WIND4FLANDERS PROJECTS 4
Equity €10.7m Profit of €921,495 in 2025 (profit of €1.8m in 2024) Checked score 91
Alsoaccounts WIND4FLANDERS PROJECTS 4 2025

0.01%+ 99.99% via subsidiaries

All subsidiaries, including indirect ones 32

ELECTRABEL or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

BELUX INNOVATION HOLDING 100%5 subsidiaries
- AJUSTO 100%
- COZIE 100%1 subsidiary
  - COZIE.BE 100%
- SENEC 100%1 subsidiary
  - HARDENNE P 100%
ENGIE ENERGIE NEDERLAND HOLDINGNL 100%
ENGIE ENERGY MANAGEMENT 100%4 subsidiaries
- ENGIE HOLDING PORTUGAL SAPT 100%
- ENGIE ITALIA S.P.AIT 100%
- IP KARUGAMO HOLDINGS (UK) LIMITED 100%
- TRUSTENERGY BV 100%
ENGIE GENERATION GERMANY GMBHDE 100%
N-ALLO 100%
STERRES 100%
Union financière et industrielle 100%
Belgisch Laboratorium van Elektriciteitsindustrie 99.99%
Belgische Maatschappij voor Kernbrandstoffen Synatom 99.99%5 subsidiaries
- BELGIAN NUCLEAR LIABILITIES FUND 100%
- Nuclear Investment Fund ( NIF 2)LU 100%
- Nuclear Investment Fund ( NIF1)LU 100%
- Nuclear Investment Fund ( NIF3)LU 100%
- BELGIAN NUCLEAR LIABILITIES FUND consolidated
BLOMHOF 99.99%
ELECTRABEL SEANERGY 80%
ELECTRABEL GREEN PROJECTS FLANDERS 70%
Seagull I 62.49%
ELECTRABEL INVEST LUXEMBOURGLU consolidated
ENGIE Energie Nederland N.V.NL consolidated
ENGIE Invest International S.A.LU consolidated
ENGIE PORTFOLIO MANAGEMENT B.V.NL consolidated
INTERNATIONAL POWER LTD.GB consolidated

Holdings through the years 2009 to 2025

Holdings through the years
Name	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
BELUX INNOVATION HOLDING 2016 to 2020: 99.99% 2021 to 2025: 100%								99.99%					100%
ENGIE ENERGIE NEDERLAND HOLDINGNL 2018 to 2025: 100%										100%
ENGIE ENERGY MANAGEMENT 2010 to 2012: 100% 2013 to 2014: 99.99% 2015: 100% 2016 to 2018: 99.99% 2019 to 2020: 100% 2021 to 2022: 98.54% 2023 to 2025: 100%		100%			99.99%		100%	99.99%			100%		98.54%		100%
ENGIE GENERATION GERMANY GMBHDE 2019 to 2025: 100%											100%
N-ALLO 2009 to 2018: 86.02% 2019: 99.99% 2020 to 2025: 100%	86.02%										99.99%	100%
STERRES 2021 to 2025: 100%													100%
Union financière et industrielle 2009 to 2025: 100%	100%
Belgisch Laboratorium van Elektriciteitsindustrie 2009 to 2025: 99.99%	99.99%
Belgische Maatschappij voor Kernbrandstoffen Synatom 2009 to 2019: 100% 2020 to 2025: 99.99%	100%											99.99%
BLOMHOF 2016 to 2025: 99.99%								99.99%
ELECTRABEL SEANERGY 2009 to 2025: 80%	80%
ELECTRABEL GREEN PROJECTS FLANDERS 2009 to 2025: 70%	70%
Seagull I 2018 to 2025: 62.49%										62.49%
BE-NUC 2024: 100% 2025: 50%																100%	50%
GREENSKY 2009 to 2014: 56% 2015 to 2025: 50%	56%						50%
GROEN COMPAGNIE VERTE 2017 to 2025: 50%									50%
Joulz Sun4Business 2016 to 2018: 50% 2019: 74.07% 2020: 62.5% 2021 to 2025: 50%								50%			74.07%	62.5%	50%
LES VENTS DE L'ORNOI 2009: 51.2% 2010 to 2025: 50%	51.2%	50%
LILLO ENERGY 2009 to 2025: 50%	50%
WALWIND 2018 to 2025: 50%										50%
WIND4FLANDERS 2015 to 2025: 50%							50%
WIND4WALLONIA 2014: 99.73% 2015 to 2025: 50%						99.73%	50%
ZANDVLIET POWER 2009 to 2025: 50%	50%
Conquest4Wind P5 2018: 99.9% 2019 to 2025: 49%										99.9%	49%
RECYBEL 2009 to 2025: 49%	49%
ICO WINDPARK 2021 to 2025: 37.5%													37.5%
LES VENTS DE PERWEZ 2009 to 2025: 24.88%	24.88%
BELGONUCLEAIRE 2009: 33.87% 2010 to 2022: 33.86% 2023 to 2025: 22.46%	33.87%	33.86%													22.46%
CONTASSUR - CONTIBEL ASSURANCES VIE - CONTIBEL LEVENSVERZEKERINGEN 2009 to 2025: 15%	15%
Haco 2009 to 2013: 13.64% 2021 to 2025: 13.64%	13.64%												13.64%
CAPRICORN CLEANTECH FUND 2021 to 2025: 11.18%													11.18%
ENoRa 2014: 50% 2015 to 2018: 33.33% 2019: 19.5% 2020 to 2021: 33.33% 2022 to 2025: 10%						50%	33.33%				19.5%	33.33%		10%
CoGreen 2013: 98.67% 2014 to 2015: 1.96% 2016 to 2019: 1.99% 2020: 0.43% 2022 to 2025: 0.34%					98.67%	1.96%		1.99%				0.43%		0.34%
CONTASSUR BIJSTAND ADVIES 2009 to 2020: 0.04% 2022 to 2025: 0.04%	0.04%													0.04%
ENGIE Global Business Support 2014 to 2020: 0.01% 2022 to 2025: 0.01%						0.01%								0.01%
ENGIE MANAGEMENT COMPANY BELGIUM 2010 to 2020: 1% 2022 to 2024: 1% 2025: 0.01%		1%												1%			0.01%
WIND4Flanders Projects 1 2014: 99.73% 2015: listed 2016 to 2020: via 100% 2022 to 2025: 0.01%						99.73%	listed	via 100%						0.01%
WIND4FLANDERS PROJECTS 2 2015: listed 2016 to 2020: via 100% 2022 to 2025: 0.01%							listed	via 100%						0.01%
WIND4FLANDERS PROJECTS 3 2015: 99.95% 2016 to 2020: via 100% 2022 to 2025: 0.01%							99.95%	via 100%						0.01%
WIND4FLANDERS PROJECTS 4 2016: 99.99% 2017 to 2018: listed 2019 to 2020: via 100% 2022 to 2025: 0.01%								99.99%	listed		via 100%			0.01%
INTERNATIONAL POWER LTDGB 2013 to 2014: 99.99% 2015 to 2019: 100% 2020 to 2022: 99.99% 2023 to 2024: 100%					99.99%		100%					99.99%			100%
ENGIE INVEST INTERNATIONALLU 2016 to 2017: 9.85% 2018: 7.4% 2019: 6.54% 2020: 2.45% 2022 to 2024: 2.45%								9.85%		7.4%	6.54%	2.45%		2.45%
Joulz Sun4Business 3 2018: 0.05% 2019 to 2020: 5% 2022 to 2024: 0.07%										0.05%	5%			0.07%
POWER TO METHANOL ANTWERP 2021 to 2023: 14.29%													14.29%
WIND4WALLONIA 3 2020 to 2022: 100%												100%
ENGIE ALLIANCEFR 2016 to 2022: 12%								12%
GENFINA 2014 to 2019: listed 2020: via 100% 2022: 0.01%						listed						via 100%		0.01%
Wind4Flanders Projects Alfa 2019 to 2020: 100%											100%
WIND4WALLONIA 2 2017: 99.95% 2018 to 2019: listed 2020: via 100%									99.95%	listed		via 100%
SEAGULL II 2018 to 2020: 62.5%										62.5%
Citymesh 0G 2016 to 2017: 40% 2018: 28.63% 2019 to 2020: 29.27%								40%		28.63%	29.27%
ENGIE CORP LUXEMBOURG SARLLU 2016 to 2018: 0.1% 2019 to 2020: 0.03%								0.1%			0.03%
OW Belgium Netherlands 2018: 99.83% 2019: 100%										99.83%	100%
TECNUBEL 2018 to 2019: 99.99%										99.99%
EUROPEAN CONTROL SERVICES 2018: 10% 2019: 8.91%										10%	8.91%
OOSTERWEEL 2009 to 2010: 83.33% 2011 to 2017: 83.2% 2018: 100%	83.33%		83.2%							100%
TRACTEBEL ENGINEERING INTERNATIONAL 2009 to 2018: 50%	50%
ENGIE ENERGIE NEDERLAND HOLDING BV (EX GDF SUEZ NEDERLAND HOLDING BV)NL 2016 to 2017: 100%								100%
ENGIE GLOBAL LNG UK LTDGB 2016 to 2017: 100%								100%
IT-PARTNERS 2009: 15.03% 2010 to 2014: 9.62% 2015 to 2016: 15.03% 2017: 9.62%	15.03%	9.62%					15.03%		9.62%
ELECTRABEL FRANCEFR 2009 to 2013: 100% 2014: 99.99% 2015: 100% 2016: 99.99%	100%					99.99%	100%	99.99%
ELECTRABEL GREEN PROJECTS FLANDERS WIND WERKT ECHT 2011: 15% 2012 to 2016: 35%			15%	35%
PIPELINK 2010 to 2016: 25%		25%
ELECTRABEL GREEN PROJECTS FLANDERS WONDELGEM HOOGSTRATEN HOOGLEDE 2009 to 2016: 0.01%	0.01%
ELECTRABEL CUSTOMER SOLUTIONS 2009 to 2013: 95.8% 2014: 98.8% 2015: 100%	95.8%					98.8%	100%
ENGIE CC 2009: 100% 2010: 19.51% 2011: 0.01% 2012 to 2015: via 100%	100%	19.51%	0.01%	via 100%
GDF SUEZ ENERGIE NEDERLAND HOLDING BV ( EX ELECTRABEL HOUDSTERMAATSCHAPPIJ BV ) ( EX ELECTRABEL NEDERLAND COOPERATIVE U.A.)NL 2013 to 2015: 100%					100%
GDF SUEZ LNG UK LTDGB 2010: 100% 2014 to 2015: 100%		100%				100%
ENERGY EUROPE INVEST 2009 to 2011: 100% 2012 to 2015: 99.98%	100%			99.98%
ELECTRABEL BLUE SKY INVESTMENTS 2011: 52.4% 2012 to 2013: 52.14% 2014 to 2015: 99.52%			52.4%	52.14%		99.52%
MAX GREEN 2009 to 2014: 72% 2015: 99%	72%						99%
BELGREEN 2009 to 2010: 100% 2011: 99.98% 2012: 99.99% 2013 to 2015: 85%	100%		99.98%	99.99%	85%
ENGIE INVEST INTERNATIONAL (ex GSII)LU 2015: 17.55%							17.55%
ENGIE ALLIANCE ( ex GS ALLIANCE )FR 2015: 12%							12%
ENGIE CORP LUXEMBOURG SARL ( ex GS Corp Lux )LU 2015: 0.1%							0.1%
GDF SUEZ INVEST INTERNATIONALLU 2012: 17.84% 2013 to 2014: 17.55%				17.84%	17.55%
GDF SUEZ ALLIANCEFR 2010 to 2014: 12%		12%
GDF SUEZ CORP LUXEMBOURG SARLLU 2010 to 2012: 0.25% 2013 to 2014: 0.1%		0.25%			0.1%
GDF SUEZ ENERGY TRADING BULGARIA LTD (EN LIQUIDATION)BG 2013: 100%					100%
GDF SUEZ GLOBAL LNG (UK) LTDGB 2011 to 2013: 100%			100%
TEVEO 2009 to 2013: 100%	100%
ELECTRABEL SOLAR ENERGY 2009 to 2011: 100% 2012 to 2013: 99.99%	100%			99.99%
SHAREPART 2009 to 2010: 99.99% 2011: 100% 2012 to 2013: 99.99%	99.99%		100%	99.99%
GDF SUEZ ENERGIA ITALIA S.P.AIT 2009 to 2013: 55%	55%
DUNAMENTI POWER PLANT Closed LTD (DUNAMENTI EROMU ZARTKOUEN MUKODO RESZVENYTATSASAG)HU 2013: 50.31%					50.31%
N-ALLO FRANCE SASFR 2009: 63.64% 2010 to 2011: 71.43% 2012 to 2013: 35.66%	63.64%	71.43%		35.66%
ORES Assets 2013: 24.85%					24.85%
START-IT 2009: 39.99% 2010 to 2013: 13.33%	39.99%	13.33%
Xpo Group 2009: 0.44% 2010 to 2013: 6.44%	0.44%	6.44%
PALAIS DES EXPOSITIONS CONGRES DE CHARLEROI 2009 to 2012: 3.16% 2013: 3.15%	3.16%				3.15%
ELECTRABEL ENERGEIA HELLAS (ELECTRABEL HELLAS POWER GENERATION EXPLOITATION AND TRADING)GR 2012: 100%				100%
ELECTRABEL PORTFOLIO SERVICES 2009 to 2012: 100%	100%
GDF SUEZ ENERGY NEDERLAND HOLDING BV ( EX ELECTRABEL HOUDSTERMAATSCHAPPIJ BV ) ( EX ELECTRABEL NEDERLAND COOPERATIVE U.A.)NL 2012: 100%				100%
GDF SUEZ ENERGY TRADING BULGARIA LTDBG 2012: 100%				100%
GDF SUEZ ENERGY TRADING ROMANIA LLCRO 2012: 100%				100%
INTERNATIONAL POWER PLCGB 2011: 69.8% 2012: 99.99%			69.8%	99.99%
SOLTECH 2009 to 2012: 51%	51%
DUNAMENTI POWER PLANT Closed RT (DUNAMENTI EROMU ZARTKOUEN MUKODO RESZVENYTATSASAG)HU 2012: 50.31%				50.31%
PHOTOVOLTECH 2009: 45.34% 2010: 47.52% 2011: 49.62% 2012: 50%	45.34%	47.52%	49.62%	50%
FINPIPE 2010 to 2012: 36.67%		36.67%
INTERCOMMUNALE DE DISTRIBUTION D'ELECTRICITE ET DE GAZ 2009: 100% 2010: 30% 2011 to 2012: 25%	100%	30%	25%
INTERCOMMUNALE DE GAZ DU HAINAUT 2009: 100% 2010: 50.16% 2011 to 2012: 25%	100%	50.16%	25%
INTERCOMMUNALE POUR LA DISTRIBUTION D'ENERGIE DANS LA PROVINCE DE LUXEMBOURG 2009: 31.84% 2010: 30% 2011 to 2012: 25%	31.84%	30%	25%
SOCIETE INTERCOMMUNALE D'ELECTRICITE ET DE GAZ DES REGIONS DE L'EST 2009 to 2010: 100% 2011 to 2012: 25%	100%		25%
SOCIETE INTERCOMMUNALE MIXTE D'ELECTRICITE ET DE GAZ 2009 to 2010: 100% 2011: 23.16% 2012: 25%	100%		23.16%	25%
INTERCOMMUNALE D'ELECTRICITE DU HAINAUT 2009 to 2010: 50.08% 2011 to 2012: 24.97%	50.08%		24.97%
SEDILEC 2010: 30% 2011: 17.89% 2012: 17.44%		30%	17.89%	17.44%
SOCIETE INTERCOMMUNALE POUR LA DISTRIBUTION DU GAZ ET DE L'ELECTRICITE DANS LA REGION DE MOUSCRON 2009: 100% 2010: 53.43% 2011: 12.63% 2012: 12.57%	100%	53.43%	12.63%	12.57%
Carbon Group 2009 to 2012: 12.5%	12.5%
ELECTRABEL ENERGEIA HELLASGR 2010 to 2011: 100%		100%
ELECTRABEL NEDERLAND HOLDING BVNL 2010 to 2011: 100%		100%
GDF SUEZ ENERGY TRADING BULGARIA EOODBG 2010 to 2011: 100%		100%
GDF SUEZ ENERGY TRADING ROMANIARO 2009 to 2011: 100%	100%
GDF SUEZ FINANZIARIAIT 2011: 55%			55%
DUNAMENTI POWER PLANT ClosedHU 2009 to 2011: 50.31%	50.31%
Fluvius Halle-Vilvoorde 2009 to 2011: 30%	30%
FLUVIUS IMEWO 2009 to 2011: 30%	30%
FLUVIUS KEMPEN 2009 to 2011: 30%	30%
FLUVIUS MIDDEN-VLAANDEREN 2009 to 2011: 30%	30%
FLUVIUS WEST 2009 to 2011: 30%	30%
FLUVIUS ZENNE-DIJLE 2009 to 2011: 30%	30%
INTERCOMMUNALE MAATSCHAPPIJ VOOR ENERGIEVOORZIENING ANTWERPEN 2009 to 2011: 30%	30%
SIBELGA 2009 to 2011: 30%	30%
C.E.F. SA (COMPAGNIE EUROPENNE DE FINANCEMENT)LU 2010: 100% 2011: 18.25%		100%	18.25%
GDF SUEZ ENERJI TICARETTR 2010 to 2011: 0.04%		0.04%
GDF SUEZ ENERGY ASIA, TURKEY & SOUTHERN AFRICA B.V.NL 2010: 100%		100%
GDF SUEZ ENERGY COLOMBIA LTDACO 2010: via 100%		via 100%
INTERNATIONAL POWER 2009: 99.98% 2010: 100%	99.98%	100%
ASSOCIATION INTERCOMMUNALE NAMUROISE DE TELEDISTRIBUTION 2009 to 2010: 57.65%	57.65%
INTERCOMMUNALE GENERALE DE DISTRIBUTION DE SIGNAUX ANALOGIQUES ET NUMERIQUES EN HAINAUT OCCIDENTAL 2009 to 2010: 50%	50%
SEDITEL 2009: 65% 2010: 50%	65%	50%
ELECTRABEL INVEST LUXEMBOURGLU 2009 to 2010: 48.47%	48.47%
INTERCOMMUNALE POUR LA DISTRIBUTION D'EMISSIONS DE TELEVISION ET DE RADIOFFUSION 2009: 48.7% 2010: 28.13%	48.7%	28.13%
GDF SUEZ ENERGIE DEUTSCHLAND AGDE 2010: 3.1%		3.1%
ELECTRABEL INVESTMENT BVNL 2009: 100%	100%
ELECTRABEL NL COOPERATIEVE U. ANL 2009: 100%	100%
BELGIAN PIPE CONTROL 2009: 50%	50%
FLUXYS BELGIUM 2009: 38.5%	38.5%
Elia Group 2009: 24.35%	24.35%
OXIPAR D'EXPLOITATION 2009: 23.37%	23.37%
GIE SUEZ ALLIANCEFR 2009: 12%	12%
GDF DEUTSCHLANDDE 2009: 3.1%	3.1%
GENERAL INTERNATIONAL FINANCELU 2009: 0.25%	0.25%