Electricity, gas, steam and air conditioning supply: highest revenue in West Flanders
As of 14 Nov 2026, 34 companies in Electricity, gas, steam and air conditioning supply (NACE 35) in West Flanders publish their revenue in recent accounts (financial years 2025 to 2026). The top 10 account for €2.24bn, out of €2.70bn for all of them; median revenue is €18.2m. Fluvius West leads with €541.7m (financial year 2025).
Top 34 · Electricity, gas, steam and air conditioning supply · West Flanders
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Fluvius West 8500 Kortrijk | €3.38bn | €541.7m | €1.30bn | — | 2025 |
| 2 | Elindus 8790 Waregem | €86.7m | €382.6m | €19.3m | 54.1 | 2025 |
| 3 | Scholt Energy 8790 Waregem | €104.7m | €329.9m | €9.20m | 33.2 | 2025 |
| 4 | SeaMade 8400 Ostend | €995.6m | €171.5m | €118.5m | — | 2025 |
| 5 | Norther 8400 Ostend | €816.7m | €170.8m | €133.8m | 16.6 | 2025 |
| 6 | Entrado 8790 Waregem | €28.2m | €147.5m | €4.76m | 10.5 | 2025 |
| 7 | Rentel 8400 Ostend | €690.1m | €134.1m | €140.3m | — | 2025 |
| 8 | C - Power 8400 Ostend | €536.4m | €130.5m | €289.0m | 20.9 | 2025 |
| 9 | Northwind 8500 Kortrijk | €392.5m | €121.1m | €67.8m | — | 2025 |
| 10 | European Commodities 8540 Deerlijk | €25.0m | €106.8m | €5.25m | 7.4 | 2025 |
| 11 | YUSO 8790 Waregem | €30.1m | €105.4m | €9.01m | 32.1 | 2025 |
| 12 | Aspiravi Energy 8500 Kortrijk | €29.6m | €84.1m | €5.86m | — | 2025 |
| 13 | Aspiravi 8500 Kortrijk | €333.0m | €79.5m | €108.5m | 48.7 | 2025 |
| 14 | Aspiravi Trading 8500 Kortrijk | €18.9m | €35.8m | €1.70m | — | 2025 |
| 15 | Elexys 8540 Deerlijk | €15.1m | €30.0m | €9.91m | 2.1 | 2025 |
| 16 | A&U Energie 8780 Oostrozebeke | €63.8m | €27.8m | €9.12m | — | 2025 |
| 17 | Biopower Oostende 8400 Ostend | €107.2m | €22.5m | €30.9m | 21.9 | 2025 |
| 18 | A&S Energie 8780 Oostrozebeke | €17.5m | €14.0m | €10.3m | 45.6 | 2025 |
| 19 | Otary RS 8400 Ostend | €95.6m | €12.4m | €81.5m | 42.7 | 2025 |
| 20 | callensvyncke 8790 Waregem | €29.6m | €10.6m | 67,650 € | 15.5 | 2025 |
| 21 | Libeccio I 8380 Bruges | €29.7m | €8.61m | €12.0m | — | 2026 |
| 22 | Am-Power 8740 Pittem | €11.4m | €8.46m | −€22.1m | 10.8 | 2025 |
| 23 | Elicio 8400 Ostend | €299.9m | €5.44m | €271.1m | 50.0 | 2025 |
| 24 | Fieva 8720 Dentergem | €28.0m | €5.43m | €12.6m | — | 2025 |
| 25 | Ruien Energy Storage 8580 Avelgem | €26.0m | €4.50m | €1.47m | — | 2026 |
| 26 | D-Estate 8930 Menen | €21.7m | €2.58m | €6.36m | — | 2025 |
| 27 | Seagull I 8380 Bruges | €7.99m | €1.19m | €2.21m | — | 2025 |
| 28 | Aspiravi Offshore 8500 Kortrijk | €132.2m | 557,384 € | €113.5m | — | 2025 |
| 29 | Greenstyle 8830 Hooglede | €1.34m | 334,125 € | €1.11m | — | 2025 |
| 30 | Vlamalin 8791 Waregem | €5.09m | 244,196 € | €2.91m | — | 2025 |
| 31 | Greenpower Oostende 8400 Ostend | €44.2m | 234,841 € | €29.1m | — | 2025 |
| 32 | Aspiravi Antillen 8500 Kortrijk | €46.6m | 206,185 € | €41.3m | — | 2025 |
| 33 | Electrawinds Distributie 8400 Ostend | €9.18m | 84,195 € | 545,870 € | — | 2025 |
| 34 | Net Zero Energy Services 8790 Waregem | 30,663 € | 20,322 € | 17,438 € | — | 2025 |
Ranking based on each company's own annual accounts (statutory, not consolidated): a subsidiary and its parent appear separately, and the ranking differs from lists based on consolidated group accounts. These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.
Electricity, gas, steam and air conditioning supply across Belgium → All sectors · West Flanders →
Other sectors · West Flanders
- 01 Crop and animal production, hunting and related service activities55
- 10 Manufacture of food products145
- 13 Manufacture of textiles60
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials18
- 17 Manufacture of paper and paper products11
- 18 Printing and reproduction of recorded media13
- 20 Manufacture of chemicals and chemical products28
- 22 Manufacture of rubber and plastic products35
- 23 Manufacture of other non-metallic mineral products35
- 24 Manufacture of basic metals13
- 25 Manufacture of fabricated metal products, except machinery and equipment75
- 26 Manufacture of computer, electronic and optical products19
- 28 Manufacture of machinery and equipment n.e.c.44
- 29 Manufacture of motor vehicles, trailers and semi-trailers11
- 31 Manufacture of furniture28
- 33 Repair, maintenance and installation of machinery and equipment22
- 38 Waste collection, recovery and disposal activities37
- 41 Construction of residential and non-residential buildings93
- 42 Civil engineering32
- 43 Specialised construction activities169
- 46 Wholesale trade471
- 47 Retail trade192
- 49 Land transport and transport via pipelines98
- 52 Warehousing, storage and support activities for transportation38
- 55 Accommodation21
- 56 Food and beverage service activities55
- 62 Computer programming, consultancy and related activities62
- 64 Financial service activities, except insurance and pension funding362
- 66 Activities auxiliary to financial services and insurance activities37
- 68 Real estate activities283
- 69 Legal and accounting activities54
- 70 Activities of head offices and management consultancy187
- 71 Architectural and engineering activities; technical testing and analysis33
- 73 Activities of advertising, market research and public relations16
- 77 Rental and leasing activities26
- 78 Employment activities26
- 81 Services to buildings and landscape activities17
- 82 Office administrative, office support and other business support activities47
- 85 Education81
- 86 Human health activities49
- 87 Residential care activities80
- 88 Social work activities without accommodation35
- 90 Arts creation and performing arts activities15
- 93 Sports activities and amusement and recreation activities20
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles21
- 96 Personal service activities20
Municipalities with the most companies in the sector · West Flanders
- 8400 Ostend (Stene, Zandvoorde)24
- 8500 Kortrijk23
- 8790 Waregem14
- 8580 Avelgem5
- 8300 Knokke-Heist (Knokke, Westkapelle)4
- 8480 Ichtegem (Bekegem, Eernegem)4
- 8791 Waregem (Beveren)4
- 8200 Bruges (Sint-Andries, Sint-Michiels)3
- 8210 Zedelgem (Loppem, Veldegem)3
- 8380 Bruges (Dudzele, Lissewege, Zeebrugge)3
- 8530 Harelbeke3
- 8540 Deerlijk3
Frequently asked questions
Which company in Electricity, gas, steam and air conditioning supply in West Flanders has the highest revenue?
Fluvius West, with €541.7m of published revenue (financial year 2025).
Why are some companies missing?
Small companies (micro and abridged accounts) do not have to publish their revenue: only the 34 that publish it, out of 158 companies in the sector in the area, are ranked.
Why does this ranking differ from other lists?
It uses each company's annual accounts as filed with the National Bank, not consolidated group accounts. A holding, a subsidiary or a purchasing entity can therefore appear separately. Only companies whose latest accounts are less than 3 years old are ranked.
Analyse companies · West Flanders
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Open the full file →Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 14 Nov 2026.