ENGIE
ENGIE (France) and the 56 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 44 of the 46 Belgian companies (financial years 2024-2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- 5 companies with negative equity: Transnubel (-€5.4m), COZIE.BE (-€3.2m), SENEC (-€950,968), RGE Leuze-en-Hainaut (-€398,962), BELUX INNOVATION HOLDING (-€7,065).
- 12 companies with a loss in the latest year: ENGIE ENERGY SERVICES INTERNATIONAL (-€1.07bn), TRACTEBEL ENGINEERING INTERNATIONAL (-€63.8m), BELUX INNOVATION HOLDING (-€18.1m), Transnubel (-€7.6m), Engie Impact Belgium (-€4.1m), SENEC (-€2.7m) and 6 more.
- 6 companies no longer active in the register: AXIMA REFRIGERATION, COZIE, COZIE.BE, FABRICOM DIGITAL, HARDENNE P, TRACTEBEL ENGINEERING INTERNATIONAL.
- 31.1% of the added-up total assets sits in one company: ELECTRABEL.
- 0.3% of the added-up total assets sits at companies with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- ENGIE22 subsidiaries
- Elevated€37.8m €10.4m 2022
- Healthy · 93€64.9m €13.1m 2025
- Elevatedno figures
- ELECTRABEL14 subsidiariesHealthy · 88€20.52bn €10.21bn 2025
- Healthy · 95€80.2m €21.8m 2025
- BELUX INNOVATION HOLDING2 subsidiariesFair · 49€6,600 -€7,065 2025
- SENEC1 subsidiaryElevated · 27€6.1m -€950,968 2024
- Elevated€1.5m €882,132 2025
- Healthy · 95€9.9m €9.9m 2025
- Healthy · 88€18.6m €15.4m 2025
- Healthy · 95€3.8m €3.7m 2025
- Healthy · 94€8.0m €2.2m 2025
- Belgische Maatschappij voor Kernbrandstoffen Synatom2 subsidiariesNo verdict€8.98bn €15.6m 2025
- No verdict- - 2025
- BELGIAN NUCLEAR LIABILITIES FUND
- Healthy · 86€1.6m €1.4m 2025
- Healthy · 92€2.0m €2.0m 2025
- ELECTRABEL INVEST LUXEMBOURG
- ENGIE Energie Nederland N.V.
- ENGIE Invest International S.A.
- ENGIE PORTFOLIO MANAGEMENT B.V.
- INTERNATIONAL POWER LTD.1 subsidiary
- No verdict€2.61bn €2.56bn 2024
- Healthy · 64€17.35bn €3.49bn 2025
- No verdict€6.65bn €4.56bn 2025
- ENGIE ENERGY SERVICES INTERNATIONAL8 subsidiariesNo verdict€7.45bn €3.40bn 2025
- Healthy · 93€10.9m €3.7m 2025
- Healthy · 83€41.1m €36.3m 2025
- Fair · 51€2,794 -€398,962 2025
- No verdict€575.0m €537.4m 2025
- TRACTEBEL ENGINEERING INTERNATIONAL2 subsidiariesElevated€175.5m €107.2m 2025
- Healthy · 92€14.1m €5.3m 2025
- Healthy · 69€4.5m €797,466 2025
- ENERGY DISTRIBUTION a.s.
- ENGIE Services a.s.
- LAHMEYER HOLDING GMBH
- ENGIE MANAGEMENT COMPANY BELGIUM1 subsidiaryHealthy · 66€21.9m €122,667 2025
- No verdict€61.1m - 2025
- Healthy · 80€4.9m €647,559 2025
- Healthy · 83€630.1m €628.8m 2025
- Healthy · 96€46.6m €8.3m 2025
- Healthy · 90€16.9m €10.3m 2025
- TRACTEBEL ENGINEERING1 subsidiaryHealthy · 92€350.5m €176.4m 2025
- Tractebel Engineering a.s.
- Elevated · 36€24.3m -€5.4m 2025
- WALWIND1 subsidiaryHealthy · 94€6.4m €2.3m 2025
- Healthy · 90€18.3m €2.9m 2025
- Healthy · 97€19.6m €16.9m 2025
- Healthy · 97€30.3m €17.4m 2025
- Healthy · 95€53.2m €15.3m 2025
- Healthy · 91€49.9m €10.7m 2025
- Healthy · 83€54.8m €2.2m 2025
- Healthy · 96€27.2m €9.1m 2025
- Healthy · 92€48.7m €10.2m 2025
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Shared directors
Who sits on the boards of several group companies. This is where control over the group sits in practice.
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9
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5
- 2
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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Koen Vlaeminck appointed as director
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Capital decrease of €2,200,000 to €11,620,489.26
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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Forvis Mazars Bedrijfrevisoren appointed as statutory auditor
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Forvis Mazars Réviseurs d’Entreprises appointed as statutory auditor
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Capital increase of €274,000 to €2,941,000
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Capital increase of €274,000 to €2,941,000
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1 director appointed, 1 director resigning, 1 reappointed
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1 director appointed, 1 reappointed
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning, 1 reappointed
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1 director appointed, 1 director resigning, 1 reappointed
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Share cancellation
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Forvis Mazars Bedrijfsrevisoren BV resigns as statutory auditor
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4 directors appointed
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Registered office moved from Herstal to Braine-l'Alleud
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Registered office moved from Herstal to Braine-l'Alleud
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Capital decrease of €4,453,841
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Capital decrease of €4,453,841
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Dissolution of the company
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Dissolution of the company
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3 directors appointed
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2 directors appointed
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10 directors appointed
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1 director appointed, 1 director resigning
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Transaction in capital or shares
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Transaction in capital or shares
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3 directors appointed, 2 directors resigning, 1 reappointed
The 30 most recent; each dossier shows its company's full timeline.
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 10-10-2026