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FLUVIUS WEST

Active
Opdrachthoudende vereniging (Vlaams Gewest)founded 1975active for 51 yearsPresident Kennedypark(Kor) 12, 8500 Kortrijk, BelgiumKBO/BCE: BE 0215.266.160
Summary

FLUVIUS WEST has the legal form “Opdrachthoudende vereniging (Vlaams Gewest)” in the KBO. Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €1.30bn and a net result of €50.2m. Equity has been stable since 2018 (±0.2% per year). Its solvency ranks better than 60% of 352 sector peers (NACE 35, financial year 2025). The company has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
FLUVIUS WESTActiveChecked score 61/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 17-02-1975 Normal situation
Activity
Electricity, gas, steam and air conditioning supply NACE 35140and 6 others
Financial year end
31 December
Peppol
Reachable since 19-10-2022
Company details

Board and ownership

Board
and 14 others
Holdings
Shares in 2 companies Fluvius System Operator and TRANSCO ENERGY
Board & ownership

Financial position

61 Healthy Checked score 2025
Bankruptcy probability: legal form outside the model
Annual accounts 2025
Turnover
€541.7m
▲ 50.4%
Profit
€50.2m
▲ 146%
Equity
€1.30bn
▲ 75.4%
Total assets
€3.38bn
▲ 52.7%
Turnover +50%: merger
Filed on 26-06-2026, 35 days before the deadline
Financials
Signalslowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence

Checked score

Score 2025
61 / 100
Healthy▲ +3 on 2024
Without a bankruptcy probability, the score rests on the figures alone.
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 63+5
equity 38.3% of total assets
Liquidity 50=
short-term debt 8.3% · cash 0.0%
Profitability 71+4
return on assets 1.5%
Bankruptcy probability within 12 months

The KBO gives the legal form as “Opdrachthoudende vereniging (Vlaams Gewest)”. There is no bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.

Credit of up to €54,150,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.47 (1.56 in 2024), below the usual 1.5. Short-term debt is 8.3% and cash 0% of total assets. 61.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.30bn
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
30 days early
2023
33 days early
2022
33 days early
2021
18 days early
2020
18 days early
2019
4 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Result rose in 2025merger with FLUVIUS WEST (oud) ▲ 146% View
  • Positive: Largest company by total assets in West Flanders, Energy sectorin the Checked rankings No. 1 View
  • 5 restructurings since 2025latest: branch transferred to FLUVIUS HALLE-VILVOORDE 5 View
  • Flemish supportawarded from 2022 to 2025 €246.2m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €50.2m 8 years View

Recent changes

  1. · Gazette deed Capital & shares
  2. · Gazette deed Capital & shares
  3. · Gazette deed Transfer proposal: Autonoom Gemeentebedrijf Elektriciteitsnet Izegem transfers a branch of activity to FLUVIUS WEST
All 77 events

Comparable companies

These companies have the same main activity as FLUVIUS WEST: electricity, gas, steam and air conditioning supply (NACE 35140). They are comparable in size and age: total assets between €1.2bn and €3.3bn, founded between 1970 and 2008.

CompanyTotal assetsTurnover
FLUVIUS WEST Kortrijk€3,378.1m€541.7m
FLUVIUS IMEWO Merelbeke-Melle€3,069.0m€544.9m
Fluvius Limburg Hasselt€3,255.3m€434.3m
FLUVIUS MIDDEN-VLAANDEREN Dendermonde€1,294.7m€242.7m
FLUVIUS KEMPEN Turnhout€1,158.7m€221.6m
Fluvius Halle-Vilvoorde Vilvoorde€1,355.4m€238.2m
OPERATEUR DE RESEAUX D'ENERGIES Charleroi€2,831.2m€920.9m
Full comparison

Key facts about FLUVIUS WEST
What is the company number of FLUVIUS WEST?
The company number of FLUVIUS WEST is 0215.266.160. The VAT number is the same number with BE in front: BE 0215.266.160.
Where is FLUVIUS WEST based?
The registered office is at President Kennedypark(Kor) 12, 8500 Kortrijk.Company details
What does FLUVIUS WEST do?
According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35140).
What is the legal form of FLUVIUS WEST?
The legal form of FLUVIUS WEST is Opdrachthoudende vereniging (Vlaams Gewest).
When was FLUVIUS WEST founded?
FLUVIUS WEST was founded on 17-02-1975.
Is FLUVIUS WEST still active?
Yes, FLUVIUS WEST is an active enterprise in the KBO register.
What is the turnover of FLUVIUS WEST?
The turnover of FLUVIUS WEST was €541.7m in financial year 2025, according to the filed annual accounts.Financials
Is FLUVIUS WEST profitable?
In financial year 2025, FLUVIUS WEST made a profit of €50.2m.
Where can I find the annual accounts of FLUVIUS WEST?
FLUVIUS WEST filed 50 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FLUVIUS WEST due?
FLUVIUS WEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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