Ranking · West Flanders · NACE 35
Electricity, gas, steam and air conditioning supply: the largest companies in West Flanders
As of 14 Nov 2026, 153 companies in Electricity, gas, steam and air conditioning supply (NACE 35) in West Flanders publish total assets in recent accounts (financial years 2024 to 2026). The top 10 account for €7.68bn, out of €8.93bn for all of them; median total assets are €1.66m. Fluvius West leads with €3.38bn (financial year 2025).
Top 50 · Electricity, gas, steam and air conditioning supply · West Flanders
Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Fluvius West 8500 Kortrijk | €3.38bn | €541.7m | €1.30bn | — | 2025 |
| 2 | SeaMade 8400 Ostend | €995.6m | €171.5m | €118.5m | — | 2025 |
| 3 | Norther 8400 Ostend | €816.7m | €170.8m | €133.8m | 16.6 | 2025 |
| 4 | Rentel 8400 Ostend | €690.1m | €134.1m | €140.3m | — | 2025 |
| 5 | C - Power 8400 Ostend | €536.4m | €130.5m | €289.0m | 20.9 | 2025 |
| 6 | Northwind 8500 Kortrijk | €392.5m | €121.1m | €67.8m | — | 2025 |
| 7 | Aspiravi 8500 Kortrijk | €333.0m | €79.5m | €108.5m | 48.7 | 2025 |
| 8 | Elicio 8400 Ostend | €299.9m | €5.44m | €271.1m | 50.0 | 2025 |
| 9 | Aspiravi Offshore 8500 Kortrijk | €132.2m | 557,384 € | €113.5m | — | 2025 |
| 10 | Biopower Oostende 8400 Ostend | €107.2m | €22.5m | €30.9m | 21.9 | 2025 |
| 11 | Scholt Energy 8790 Waregem | €104.7m | €329.9m | €9.20m | 33.2 | 2025 |
| 12 | Otary RS 8400 Ostend | €95.6m | €12.4m | €81.5m | 42.7 | 2025 |
| 13 | Elindus 8790 Waregem | €86.7m | €382.6m | €19.3m | 54.1 | 2025 |
| 14 | A&U Energie 8780 Oostrozebeke | €63.8m | €27.8m | €9.12m | — | 2025 |
| 15 | Beauvent 8400 Ostend | €51.7m | — | €33.9m | 11.5 | 2025 |
| 16 | Aspiravi Antillen 8500 Kortrijk | €46.6m | 206,185 € | €41.3m | — | 2025 |
| 17 | ICO Windpark 8380 Bruges | €46.6m | — | €8.32m | — | 2025 |
| 18 | Greenpower Oostende 8400 Ostend | €44.2m | 234,841 € | €29.1m | — | 2025 |
| 19 | Autonoom Gemeentebedrijf Elektriciteitsnet Izegem 8870 Izegem | €37.6m | — | €20.4m | — | 2025 |
| 20 | Elicio Vent de Hesbaye 8400 Ostend | €33.5m | — | €1.61m | — | 2025 |
| 21 | YUSO 8790 Waregem | €30.1m | €105.4m | €9.01m | 32.1 | 2025 |
| 22 | Libeccio I 8380 Bruges | €29.7m | €8.61m | €12.0m | — | 2026 |
| 23 | callensvyncke 8790 Waregem | €29.6m | €10.6m | 67,650 € | 15.5 | 2025 |
| 24 | Aspiravi Energy 8500 Kortrijk | €29.6m | €84.1m | €5.86m | — | 2025 |
| 25 | Elicio Plateau de Bassenge 8400 Ostend | €28.8m | — | €6.16m | — | 2025 |
| 26 | Entrado 8790 Waregem | €28.2m | €147.5m | €4.76m | 10.5 | 2025 |
| 27 | Fieva 8720 Dentergem | €28.0m | €5.43m | €12.6m | — | 2025 |
| 28 | Ruien Energy Storage 8580 Avelgem | €26.0m | €4.50m | €1.47m | — | 2026 |
| 29 | European Commodities 8540 Deerlijk | €25.0m | €106.8m | €5.25m | 7.4 | 2025 |
| 30 | Elicio Offshore 8400 Ostend | €22.7m | — | €16.2m | — | 2025 |
| 31 | D-Estate 8930 Menen | €21.7m | €2.58m | €6.36m | — | 2025 |
| 32 | Aspiravi Trading 8500 Kortrijk | €18.9m | €35.8m | €1.70m | — | 2025 |
| 33 | Elicio Vent de Sambre 8400 Ostend | €17.9m | — | 974,746 € | — | 2025 |
| 34 | A&S Energie 8780 Oostrozebeke | €17.5m | €14.0m | €10.3m | 45.6 | 2025 |
| 35 | Elicio WP 8400 Ostend | €15.5m | — | €4.01m | — | 2025 |
| 36 | Elexys 8540 Deerlijk | €15.1m | €30.0m | €9.91m | 2.1 | 2025 |
| 37 | Pathoeke Industries 8800 Roeselare | €14.8m | — | €8.94m | — | 2025 |
| 38 | Ruien Energy Storage 2 8580 Avelgem | €14.5m | — | €4.35m | — | 2026 |
| 39 | Mildevan 8480 Ichtegem | €12.2m | — | €10.2m | — | 2025 |
| 40 | Am-Power 8740 Pittem | €11.4m | €8.46m | −€22.1m | 10.8 | 2025 |
| 41 | Concorde Invest 8940 Wervik | €11.3m | — | €6.93m | 1.0 | 2025 |
| 42 | Electrawinds Distributie 8400 Ostend | €9.18m | 84,195 € | 545,870 € | — | 2025 |
| 43 | Gridpower 8610 Kortemark | €8.56m | — | −907,335 € | — | 2025 |
| 44 | Seagull I 8380 Bruges | €7.99m | €1.19m | €2.21m | — | 2025 |
| 45 | 528 Productions 8790 Waregem | €7.98m | — | 79,089 € | 15.3 | 2025 |
| 46 | 2 Clever 8530 Harelbeke | €7.10m | — | 311,198 € | — | 2025 |
| 47 | IVC Green Power 8580 Avelgem | €6.36m | — | €6.12m | — | 2025 |
| 48 | Sunfin 8820 Torhout | €6.29m | — | €1.60m | — | 2025 |
| 49 | LemBeau 8400 Ostend | €6.25m | — | €2.24m | — | 2025 |
| 50 | Elicio Wind For Water 8400 Ostend | €6.17m | — | 536,081 € | — | 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.
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
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 activities1,348
- 02 Forestry and logging23
- 03 Fishing and aquaculture80
- 08 Other mining and quarrying10
- 10 Manufacture of food products739
- 11 Manufacture of beverages76
- 13 Manufacture of textiles334
- 14 Manufacture of wearing apparel70
- 15 Manufacture of leather and related products of other materials10
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials260
- 17 Manufacture of paper and paper products41
- 18 Printing and reproduction of recorded media267
- 20 Manufacture of chemicals and chemical products90
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations39
- 22 Manufacture of rubber and plastic products136
- 23 Manufacture of other non-metallic mineral products208
- 24 Manufacture of basic metals55
- 25 Manufacture of fabricated metal products, except machinery and equipment1,018
- 26 Manufacture of computer, electronic and optical products76
- 27 Manufacture of electrical equipment107
- 28 Manufacture of machinery and equipment n.e.c.285
- 29 Manufacture of motor vehicles, trailers and semi-trailers71
- 30 Manufacture of other transport equipment29
- 31 Manufacture of furniture221
- 32 Other manufacturing136
- 33 Repair, maintenance and installation of machinery and equipment474
- 37 Sewerage24
- 38 Waste collection, recovery and disposal activities169
- 41 Construction of residential and non-residential buildings1,927
- 42 Civil engineering255
- 43 Specialised construction activities6,772
- 46 Wholesale trade4,612
- 47 Retail trade4,832
- 49 Land transport and transport via pipelines1,376
- 50 Water transport34
- 51 Air transport28
- 52 Warehousing, storage and support activities for transportation264
- 53 Postal and courier activities84
- 55 Accommodation765
- 56 Food and beverage service activities3,145
- 58 Publishing activities119
- 59 Motion picture, video and television programme production, sound recording and music publishing activities104
- 60 Programming, broadcasting, news agency and other content distribution activities22
- 61 Telecommunication47
- 62 Computer programming, consultancy and related activities1,724
- 63 Computing infrastructure, data processing, hosting and other information service activities327
- 64 Financial service activities, except insurance and pension funding5,038
- 65 Insurance, reinsurance and pension funding, except compulsory social security38
- 66 Activities auxiliary to financial services and insurance activities1,123
- 68 Real estate activities7,123
- 69 Legal and accounting activities2,125
- 70 Activities of head offices and management consultancy5,934
- 71 Architectural and engineering activities; technical testing and analysis1,600
- 72 Scientific research and development75
- 73 Activities of advertising, market research and public relations816
- 74 Other professional, scientific and technical activities451
- 75 Veterinary activities232
- 77 Rental and leasing activities428
- 78 Employment activities180
- 79 Travel agency, tour operator and other reservation service and related activities124
- 80 Investigation and security activities51
- 81 Services to buildings and landscape activities840
- 82 Office administrative, office support and other business support activities1,581
- 84 Public administration and defence; compulsory social security16
- 85 Education347
- 86 Human health activities4,164
- 87 Residential care activities132
- 88 Social work activities without accommodation154
- 90 Arts creation and performing arts activities224
- 91 Libraries, archives, museums and other cultural activities21
- 92 Gambling and betting activities19
- 93 Sports activities and amusement and recreation activities450
- 94 Activities of membership organisations52
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles504
- 96 Personal service activities638
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 is the largest company in Electricity, gas, steam and air conditioning supply in West Flanders?
By total assets, it is Fluvius West (€3.38bn, financial year 2025).
How many companies in Electricity, gas, steam and air conditioning supply in West Flanders are ranked?
153 out of 158 active companies in the sector with their registered office in the area: those whose latest accounts are less than 3 years old.
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.
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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.