NETHYS
ActiveSummary
NETHYS has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.65bn and a net result of €18.3m. Equity is growing by about 3.9% per year across the filed financial years. Its solvency ranks better than 94% of 831 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Group and network
Part of the group
ENODIA
41 companies
Group, risk and exposure
Shared directors
Holdings and subsidiaries
17 holdings · 45 subsidiaries in the treeHoldings 17
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100%
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100%
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99.31%
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92.33%
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78.76%
-
72%
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71.15%
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70.57%
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66.81%
- BETVsubsidiarySourceLEI registerconsolidated
Show 7 more holdings
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33.7%
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29.02%
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25.35%
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22.4%
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11.49%
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11.11%
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4.43%
Stated earlier (3)
An older source named these holdings; newer accounts no longer list them.
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100%
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100%
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25%
All subsidiaries, including indirect ones 45
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
ELICIO 100%24 subsidiaries
- Elicio Ali d.o.o.RS 100%
- Elicio EolicaES 100%
- Elicio France SASFR 100%
- Elicio Mali WF d.o.o.RS 100%
- ELICIO OFFSHORE 100%
- Elicio Plateau de Bassenge 100%
- ELICIO PLUS 100%
- Elicio Power in Motion 100%
- Elicio SLH 100%
- Elicio Vent de Hesbaye 100%
- Elicio Vent de Sambre 100%
- Elicio Vents d'Ardenne 100%
- Elicio Vetropark Juzni Banat D.o.o.RS 100%
- Elicio Vetropark Nadel d.o.o.RS 100%
- Elicio Vetropark Nadel Starce d.o.o.RS 100%
- Elicio Wind d.o.o.RS 100%
- Elicio WP 100%
- ELNU 100%
- Electrawinds KenyaKE 99%
- Elicio Wind For Water 80%
- ELICIO BASTOGNE 60%
- Elicio Maldegem 60%
- ELICIO BERLARE 51%
- ElNu2sea 51%
- NETHYS IMMO 100%
CREDIS 99.31%1 subsidiary
- Intégrale LuxembourgLU 85%
- Le Travailleur chez Lui 92.33%
- LES AMIS DE M 78.76%
TAXSHELTER.BE 72%1 subsidiary
- SHELTER PROD 99%
INTEGRALE 71.15%6 subsidiaries
- Building Green One consolidated
- COPERNICUS SITE consolidated
- GINKGO PARC consolidated
- LA FONCIERE LIEGEOISE consolidated
- LOZANA INVEST consolidated
- LUSO INVEST consolidated
NEB PARTICIPATIONS 70.57%2 subsidiaries
Liege airport 50.36%1 subsidiary
- LIEGE AIRPORT BUSINESS PARK 80.11%
- BETV consolidated
According to the 2025 annual accounts of NETHYS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
133 connected companiesThis company
Company
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Linked via shared directors
CABINET DE RADIOLOGIE DE LA DODAINE
via DEMAL, Grégory · Director
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Caisse de retraite des députés wallons
via Olivier de Wasseige · Director
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via Bernard THIRY · Chair
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CHU HELORA
via DEMAL, Grégory · Independent director
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CONSEILS DES POUVOIRS ORGANISATEURS DE L'ENSEIGNEMENT OFFICIEL NEUTRE SUBVENTIONNE
via Julie FERNANDEZ FERNANDEZ · Director
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CREDE
via DEMAL, Grégory · Director
→
Edgard Milhaud
via Bernard THIRY · Director
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ELIA ASSET
via Bernard THIRY · Administrateur non indépendant
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Elia Group
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Elia Transmission Belgium
via Bernard THIRY · Administrateur non indépendant
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EUROGRID INTERNATIONAL
via Bernard THIRY · Director
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HELORA Réseau Hospitalier
via DEMAL, Grégory · Director
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LIEGE - GESTION CENTRE - VILLE
via Olivier de Wasseige · Director
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Mnema
via Muriel Gerkens and Bernard THIRY
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NEB Foncière
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NextGrid Holding
via Bernard THIRY · Class A director
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Oxfam-Magasins du monde
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PUBLI-T
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SOCIETE WALLONNE DES EAUX
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SOLIDARIS ASSURANCES
via Bernard THIRY · Independent director
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Animation et Créativité
via Julie FERNANDEZ FERNANDEZ · Administratrice présidente
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BELFIUS BANQUE
via Bernard THIRY · Director
former→
CENTRE REGIONAL POUR L'INTEGRATION DES PERSONNES ETRANGERES OU D'ORIGINE ETRANGERE DE LIEGE
via Julie FERNANDEZ FERNANDEZ · Chair
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COSUCRA - GROUPE WARCOING
via Adrien GRABARSKI · Director
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DEXIA HOLDING
via Bernard THIRY · Director
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ECETIA INTERCOMMUNALE
via Muriel Gerkens · Director
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EPM ACADEMY
via Olivier de Wasseige · Director
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ETHIAS
via Bernard THIRY · Director
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Ethias Solution
via Bernard THIRY · Director
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EthiasCo
via Bernard THIRY · Director
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ETOPIA
via Muriel Gerkens · Director
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FEBECOOP
via Bernard THIRY · Director
former→
FEDERATION DES ENTREPRISES DE BELGIQUE - VERBOND VAN BELGISCHE ONDERNEMINGEN - VERBAND DER BELGISCHEN UNTERNEHMEN
via Olivier de Wasseige · Director
former→
FONDATION IHSANE JARFI
via Bernard THIRY · Director
former→
Groupe pour HEC-Ecole , Management School University of Liège
via Bernard THIRY and Olivier de Wasseige · Director
former→
IMBC SPINNOVA
via Adrien GRABARSKI · Permanent representative
former→
LIAGES ASBL
via Bernard THIRY · Vice-chair
former→
LOTERIE NATIONALE
via DEMAL, Grégory · Membre ordinaire du conseil d'administration
former→
Luminus
via Bernard THIRY · Bestuurder van klasse a
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MONS.RENOVATION
via DEMAL, Grégory · Administrateur délégué et administrateur
former→
NeWIN
via Bernard THIRY and Muriel Gerkens · Director
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PHENIX DATA CENTER
via Bernard THIRY and Muriel Gerkens · Director
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POINT DE MIRE- LIEGE-RESEAU Solidaris
via Bernard THIRY · Director
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PUBLIGAZ
via Bernard THIRY · Director
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RESA Innovation et Technologie
via Bernard THIRY · Chair of the board
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Solidaris Coopérative
via Bernard THIRY · Director
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Solidaris Immo
via Bernard THIRY · Director
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SPARAXIS
via Adrien GRABARSKI · Director
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Union des Associations d'Assurance mutuelle
via Bernard THIRY · Director
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Wallonie Data Center
via Bernard THIRY and Muriel Gerkens · Director
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ACERTA Consult
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ALETHEA
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AMONIS
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AQUALIS
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AREWAL
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Association Intercommunale de Financement pour l'Equipement Economique de la Province de Luxembourg
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ATRIAS
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Barthel PAULS
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BASSE-MEUSE DEVELOPPEMENT
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Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge
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CAPLINE
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Centre culturel de l'Arrondissement de Huy
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CENTRE D'ACCUEIL LES HEURES CLAIRES
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Centre d'Orientation et de Formation
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Cinémathèque Royale de Belgique
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CREDIALYS
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DALCQ
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DEFICOM GROUP
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Delhaize Le Lion/De Leeuw
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Ecetia Real Estate
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EKLO
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ELECTRABEL
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ES-FINANCE
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Esenca-Province de Liège-Réseau Solidaris
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EUREMIS HOLDING
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Experconsult
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FLAGEY
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FLUXYS BELGIUM
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FN Browning Group
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FN HERSTAL
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Fondation Francqui
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FRATERNELLE NOEUDPRE
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JEAN CRAB ET SES FILS
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JOHN COCKERILL
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John Cockerill Groupe Siège
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KBC Groupe
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L'Avenir Développement
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L'Economie Populaire
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Lavafields Palani
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Les Amis du Château féodal de Moha
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LES LUXOS
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Liege airport
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LIEGE AIRPORT BUSINESS PARK
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LINEAS GROUP
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MEUSE CONDROZ LOGEMENT
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Mithra Pharmaceuticals
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NOSHAQ EUROPE 3
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OLDICO
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RSM INTERAUDIT
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Réseau Entreprendre Wallonie
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Schreder BE
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SHEHERAZADE Développement
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SOCIETE PUBLIQUE DE GESTION DE L'EAU
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SPI
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Statuts Collectifs
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TERRANOVA
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Transparency International Belgium
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Union des Villes et Communes de Wallonie
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Board mandates elsewhere
2 board mandatesBoard mandates of this companythis company sits on their board2
9 locations
4 locations
Acquisitions and mergers
7 transactionsTook over:L'Avenir Advertising
Took over:NEWCO 1
Took over:Électricité du Bassin de Ivugha
Contributed a branch of activity to:WIN
Contributed a branch of activity to:NEWCO 2
Split off to:FINANPART
Contributed a branch of activity to:NEWCO 2