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FLUVIUS

Active
Opdrachthoudende vereniging (Vlaams Gewest)founded 1968active for 58 yearsTrichterheideweg 8, 3500 Hasselt, BelgiumKBO/BCE: BE 0201.311.226

Financials · financial year 2024, full format, standalone accounts, 2025 accounts filed

Annual accounts 2025 filed on 08-06-2026 PDF all 66 filings

The accounts were filed as a scan.

Turnover
€102.1m▼ 4.4%
2023 · €106.8m
EBIT margin
1.1%=
2023 · 1.1%
Net result
€0
2023 · €0
Working capital
-€464,538▼ 37.3%
2023 · -€338,364
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result for 2024 is 6% lower than in 2023 and the lowest since 2020. It is the second fall in a row.

Turnover€102.1m 2024 Operating result€1.1m 2024 Net result€0 2024

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Electricity, gas, steam and air conditioning supply (NACE 35). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Turnover€82.3m-€98.7m▲ 19.8%€104.9m▲ 6.3%€104.7m▼ 0.2%€104.6m▼ 0.1%€106.8m▲ 2.0%€102.1m▼ 4.4%
Operating result€0.08m-€1.1m▲ 15×€2.0m▲ 78.9%€1.3m▼ 34.8%€1.3m▲ 3.2%€1.2m▼ 12.7%€1.1m▼ 6.1%
Net result€0within the sector's middle half€0within the sector's middle half
EBIT margin0.1%-1.1%▲ 1.0pp1.9%▲ 0.8pp1.2%▼ 0.7pp1.3%=1.1%▼ 0.2pp1.1%=
Equity€0.02m-€0.03m▲ 7.7%€0.03mbelow the sector's middle half=€0.03mbelow the sector's middle half=€0.03mbelow the sector's middle half=€0.03mbelow the sector's middle half=€0.03mbelow the sector's middle half=
Total assets€22.6m-€19.4m▼ 14.1%€19.2mwithin the sector's middle half▼ 0.9%€27.2mwithin the sector's middle half▲ 41.3%€28.7mwithin the sector's middle half▲ 5.7%€29.2mwithin the sector's middle half▲ 1.6%€30.3mwithin the sector's middle half▲ 3.8%
Debt€22.6m-€19.4m▼ 14.2%€19.2m▼ 0.9%€27.2m▲ 41.3%€28.7m▲ 5.7%€29.2m▲ 1.6%€30.3m▲ 3.8%
Working capital-€0.2m-€0.2m-€0.4mbelow the sector's middle half-€0.4mwithin the sector's middle half▼ 1.4%€1.5mwithin the sector's middle half-€0.3mwithin the sector's middle half-€0.5mbelow the sector's middle half▼ 37.3%
Solvency0.1%-0.1%=0.1%below the sector's middle half=0.1%below the sector's middle half=0.1%below the sector's middle half=0.1%below the sector's middle half=0.1%below the sector's middle half=
Current ratio0.99-1.01▲ 0.020.98within the sector's middle half▼ 0.030.98within the sector's middle half▲ 0.011.06within the sector's middle half▲ 0.070.99within the sector's middle half▼ 0.070.98within the sector's middle half=
Return on assets (ROA)0.0%within the sector's middle half0.0%within the sector's middle half=
Staff (FTE)713.9-787.5▲ 10.3%787.7above the sector's middle half=757.4above the sector's middle half▼ 3.8%708.6above the sector's middle half▼ 6.4%664.4above the sector's middle half▼ 6.2%615.4above the sector's middle half▼ 7.4%
above within below The sector band is the middle half of the companies in Electricity, gas, steam and air conditioning supply (NACE 35). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30.3m
Fixed assets €491,180 =
Current assets €29.8m ▲ 3.8%
Equity and liabilities €30.3m
Equity €26,642 =
Debt €30.3m ▲ 3.8%
Debt's share of the balance-sheet total stays at 99.9%.
Key figures and ratios
2024 value · change against 2023
ROE
0.0%=
2023 · 0.0%
Debt ≤ 1 year
€30.3m▲
2023 · €29.0m
Income taxes
€1.2m▼
2023 · €1.3m
Customer credit
1 day▼
2023 · 53 days
Staff costs
€101.6m▼
2023 · €107.1m
A ratio outside any meaningful range has been withheld (balance sheet total €30.3m, equity €26,642).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-2024
Employees at the balance-sheet date770714670620
full-time662609568519
part-time108105102101
in full-time equivalents743.5689.6645.4594.3
Average over the year, in full-time equivalents757.4708.6664.4615.4
On a permanent contract770714670620
Joined0000
Left42564450
Training hours13,6728,3287,2445,962

Source: social balance sheet in the 2021 to 2024 annual accounts

Auditor

fees
Item2021202220232024
Fee for the audit€13,422€14,567€15,325€15,933
Other work by the auditor€1,950---
Work by persons linked to the auditor--€4,250-

Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €68,336 awarded · €63,336 paid
Year Entries AwardedPaid
2025 1 €15,106€15,106
2024 1 €14,585€14,585
2023 2 €24,007€19,007
2022 1 €14,638€14,638
Schemes
4 entries · €58,336 · €58,336 paid · Departement Werk en Sociale Economie
1 entry · €10,000 · €5,000 paid · DAB Fonds voor Preventie en Sanering inzake Leefmilieu en Natuur

Comparable companies

These companies have the same main activity as FLUVIUS: electricity, gas, steam and air conditioning supply (NACE 35140). They are comparable in size and age: total assets between €30m and €136m, founded between 1925 and 2012.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
FLUVIUS Hasselt1968€30.3m€0.03m€102.1m€0615.42024
Association Intercommunale d'Etudes et d'Exploitation d'Electricité et de Gaz Andenne1968€74.1m€49.6m€20.1m€1.5m45.82025
BRUSSELS NETWORK OPERATIONS Brussel2006€30.3m€0.02m€142.7m€0.001m1,201.72025
Association Intercommunale d'Electricité du Sud du Hainaut Sivry-Rance1925€80.3m€49.8m€21.3m€1.2m52.72025
CORESO Brussel2008€45.3m€8.7m€50.7m€1.5m110.82025
YUSO Waregem2012€30.1m€9.0m€105.4m€0.7m32.12025
E.ON Power Plants Belgium Mechelen2008€135.9m€38.2m€33.7m€1.0m192025

They were chosen from the 58 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines

Source: Annual accounts 2024 (PDF), filed on 18-06-2025.

Balance sheet Code20232024
Assets
Total assets20/58€29.2m€30.3m▲
Fixed assets21/28€0.5m€0.5m=
Tangible fixed assets22/27€0.2m€0.2m=
Land and buildings22€0.2m€0.2m=
Financial fixed assets28€0.3m€0.3m=
Other financial fixed assets284/8€0.3m€0.3m=
Shares284€0.3m€0.3m=
Current assets29/58€28.7m€29.8m▲
Amounts receivable within one year40/41€25.3m€26.5m▲
Trade receivables40€15.4m€0.4m▼
Other amounts receivable41€9.9m€26.1m▲
Cash at bank and in hand54/58€452€448▼
Deferred charges and accrued income490/1€3.4m€3.3m▼
Equity and liabilities
Total equity and liabilities10/49€29.2m€30.3m▲
Equity10/15€0.03m€0.03m=
Contributions10/11€0.02m€0.02m=
Reserves13€0.002m€0.002m=
Distributable reserves133€0.002m€0.002m=
Amounts payable17/49€29.2m€30.3m▲
Amounts payable within one year42/48€29.0m€30.3m▲
Trade debts44€1.3m€0.9m▼
Suppliers440/4€1.3m€0.9m▼
Taxes, remuneration and social security45€26.0m€27.4m▲
Taxes450/3€6.0m€5.5m▼
Remuneration and social security454/9€20.0m€21.9m▲
Other amounts payable47/48€1.7m€2.0m▲
Accrued charges and deferred income492/3€0.1m-
Income statement Code20232024
Operating income70/76A€132.0m€126.4m▼
Turnover70€106.8m€102.1m▼
Other operating income74€2.4m€1.5m▼
Non-recurring operating income76A€22.8m€22.8m=
Operating charges60/66A€130.8m€125.4m▼
Services and other goods61€0.9m€0.9m▲
Remuneration, social security and pensions62€107.1m€101.6m▼
Other operating charges640/8€0.003m€0.003m▲
Non-recurring operating charges66A€22.8m€22.8m=
Operating profit (loss)9901€1.2m€1.1m▼
Financial income75/76B€0.2m€0.2m▼
Recurring financial income75€0.2m€0.2m▼
Income from financial fixed assets750€0.008m€0.008m▲
Income from current assets751€0.2m€0.2m▼
Financial charges65/66B€0.03m€0.03m▲
Recurring financial charges65€0.03m€0.03m▲
Debt charges650€0.03m€0.03m▲
Other financial charges652/9€496€0.001m▲
Profit (loss) for the period before taxes9903€1.3m€1.2m▼
Income taxes67/77€1.3m€1.2m▼
Taxes670/3€1.4m€1.2m▼
Tax adjustments and reversals of tax provisions77€0.03m-
Profit (loss) for the period9904€0€0=
Profit (loss) for the period to be appropriated9905€0€0=
Appropriation of the result
Profit (loss) to be appropriated9906€0€0=
Social balance sheet
Average headcount (FTE)9087664.4615.4▼

The notes to these accounts have 26 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2018201920202021202220232024Change
Operating income70/76A---€127.8m€131.2m€132.0m€126.4m▼ 4.2%
Turnover70€82.3m€98.7m€104.9m€104.7m€104.6m€106.8m€102.1m▼ 4.4%
Other operating income74---€1.7m€1.7m€2.4m€1.5m▼ 34.9%
Non-recurring operating income76A---€21.3m€24.9m€22.8m€22.8m=
Operating charges60/66A---€126.5m€129.9m€130.8m€125.4m▼ 4.2%
Services and other goods61---€0.7m€0.8m€0.9m€0.9m▲ 0.1%
Remuneration, social security and pensions62---€104.4m€104.2m€107.1m€101.6m▼ 5.1%
Other operating charges640/8----€0.003m€0.003m€0.003m▲ 16.8%
Non-recurring operating charges66A---€21.3m€24.9m€22.8m€22.8m=
Operating profit (loss)9901€0.08m€1.1m€2.0m€1.3m€1.3m€1.2m€1.1m▼ 6.1%
Financial income75/76B---€0.008m€0.04m€0.2m€0.2m▼ 11.4%
Recurring financial income75€0.06m€0.03m€0.02m€0.008m€0.04m€0.2m€0.2m▼ 11.4%
Income from financial fixed assets750-----€0.008m€0.008m▲ 10.0%
Income from current assets751---€0.008m€0.04m€0.2m€0.2m▼ 12.3%
Financial charges65/66B---€0.03m€0.03m€0.03m€0.03m▲ 11.7%
Recurring financial charges65€0.08m€0.02m€0.05m€0.03m€0.03m€0.03m€0.03m▲ 11.7%
Debt charges650€0.07m€0.02m€0.04m€0.02m€0.03m€0.03m€0.03m▲ 10.4%
Other financial charges652/9---€0.002m€0.001m€496€0.001m▲ 97.2%
Profit (loss) for the period before taxes9903€0.06m€1.1m€1.9m€1.3m€1.3m€1.3m€1.2m▼ 7.4%
Income taxes67/77€0.06m€1.1m€1.9m€1.3m€1.3m€1.3m€1.2m▼ 7.4%
Taxes670/3---€1.3m€1.3m€1.4m€1.2m▼ 9.2%
Tax adjustments and reversals of tax provisions77---€0.001m-€0.03m--
Profit (loss) for the period9904-----€0€0-
Profit (loss) for the period to be appropriated9905-----€0€0-
Line2018201920202021202220232024Change
Assets
Total assets20/58€22.6m€19.4m€19.2m€27.2m€28.7m€29.2m€30.3m▲ 3.8%
Fixed assets21/28€0.2m€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m=
Tangible fixed assets22/27€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Land and buildings22---€0.2m€0.2m€0.2m€0.2m=
Financial fixed assets28€0.006m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Other financial fixed assets284/8---€0.3m€0.3m€0.3m€0.3m=
Shares284---€0.3m€0.3m€0.3m€0.3m=
Current assets29/58€22.4m€18.9m€18.8m€26.7m€28.3m€28.7m€29.8m▲ 3.8%
Amounts receivable within one year40/41€19.6m€15.3m€15.8m€23.8m€25.1m€25.3m€26.5m▲ 4.7%
Trade receivables40---€15.4m€17.2m€15.4m€0.4m▼ 97.4%
Other amounts receivable41---€8.4m€7.9m€9.9m€26.1m▲ 163%
Current investments50/53€0.1m-------
Cash at bank and in hand54/58€0.4m€0.5m€0.2m€0.04m€0.07m€452€448▼ 1.0%
Deferred charges and accrued income490/1---€2.9m€3.1m€3.4m€3.3m▼ 2.2%
Equity and liabilities
Total equity and liabilities10/49€22.6m€19.4m€19.2m€27.2m€28.7m€29.2m€30.3m▲ 3.8%
Equity10/15€0.02m€0.03m€0.03m€0.03m€0.03m€0.03m€0.03m=
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Distributable reserves133---€0.002m€0.002m€0.002m€0.002m=
Amounts payable17/49€22.6m€19.4m€19.2m€27.2m€28.7m€29.2m€30.3m▲ 3.8%
Amounts payable within one year42/48€22.6m€18.7m€19.2m€27.1m€26.8m€29.0m€30.3m▲ 4.2%
Trade debts44€0.1m€0.4m€0.8m€3.2m€0.8m€1.3m€0.9m▼ 29.9%
Suppliers440/4---€3.2m€0.8m€1.3m€0.9m▼ 29.9%
Taxes, remuneration and social security45---€22.5m€24.5m€26.0m€27.4m▲ 5.1%
Taxes450/3---€6.4m€6.6m€6.0m€5.5m▼ 9.3%
Remuneration and social security454/9---€16.1m€17.9m€20.0m€21.9m▲ 9.4%
Other amounts payable47/48---€1.5m€1.5m€1.7m€2.0m▲ 18.3%
Accrued charges and deferred income492/3---€0.04m€1.9m€0.1m--
Line2018201920202021202220232024Change
Profit (loss) for the period9904-----€0€0-
Operating cash flow (approximation)-----€0€0-
Investment in fixed assets (approximation)--€249,484€0€0€0€0€0-
Change in cash-€133,597-€310,527-€197,382€35,937-€70,674-€5▲ 100.0%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 66 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 08-06-2026 2026-00165875 PDF
31-12-2024 full format 18-06-2025 2025-00176066 PDF
31-12-2023 full format 25-06-2024 2024-00180515 PDF
31-12-2022 full format 13-06-2023 2023-00132736 PDF
31-12-2021 full format 05-07-2022 2022-20170915 PDF
31-12-2020 full format 23-06-2021 2021-24100371 PDF
31-12-2019 full format 18-06-2020 2020-18700021 PDF
31-12-2018 full format 17-07-2019 2019-34700273 PDF
31-12-2017 full format 24-04-2018 2018-10500512 PDF
31-12-2017 consolidated 24-04-2018 2018-10500573 PDF

Show all 66 filings

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