Elia Group
Elia Group and the 10 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 8 of the 8 Belgian companies (fiscal years 2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Elia Group also files consolidated accounts (fiscal year 2025): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.
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.
- The parent itself: Elia Group, no verdict.
- 2 companies with a loss in the latest year: WindGrid (-€121.1m), re.alto-energy (-€1.3m).
- 39.3% of the added-up total assets sits in one company: Elia Transmission Belgium.
- 0.4% 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.
- Elia Group6 subsidiariesNo verdict€7.15bn €5.05bn 2025
- Healthy · 65€13.5m €9.0m 2025
- Elia Transmission Belgium1 subsidiaryFair · 52€10.45bn €3.86bn 2025
- ELIA ASSET1 subsidiaryHealthy · 61€7.19bn €1.73bn 2025
- Healthy · 71€25.9m €15.4m 2025
- EUROGRID INTERNATIONAL2 subsidiariesNo verdict€1.64bn €1.64bn 2025
- Healthy · 69€4.7m €4.6m 2025
- Eurogrid GmbH
- Elevated · 52€118.6m €37.9m 2025
- 50Hertz Offshore GmbH
- 50Hertz Transmission GmbH
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.
- 4
- 3
- 2
- 2
- 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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Authorised capital
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2 directors appointed, 2 directors resigning
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Capital increase of €336,230 to €2,824,448,580
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Capital increase of €336,230 to €2,824,448,580
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2 directors appointed, 5 directors resigning
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2 directors appointed, 2 directors resigning
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Christophe Peeters appointed as director
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Christophe Peeters appointed as director
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Christophe Peeters appointed as director
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2 directors appointed, 2 directors resigning
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Christophe Peeters appointed as director
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6 directors appointed, 1 director resigning
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6 directors appointed, 1 director resigning
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Capital increase of €5,682,500
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Capital increase of €2,722,778,825.18
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Capital increase of €2,722,778,825.18
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6 directors appointed, 2 directors resigning
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2 directors appointed, 1 director resigning
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Nicolas Pire appointed as chief financial officer en ondervoorzitter van het college van dagelijks bestuur
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1 director appointed, 1 director resigning
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Nicolas Pire appointed as chief financial officer en ondervoorzitter van het college van dagelijks bestuur
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Nicolas Pire appointed as chief financial officer et vice président du collège de gestion journalière
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Capital increase to €2,722,614,819.74
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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 02-10-2026