Production of electricity from renewable sources
50 Belgian companies whose main activity falls under NACE code 3512 have filed annual accounts. Their median solvency is 46.7% for financial year 2025.
Sector medians
Computed by IdonisDistribution across the sector's companies for financial year 2025: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.
| Indicator | 1st quartile | Median | 3rd quartile | Companies |
|---|---|---|---|---|
| Solvency | 17.7% | 46.7% | 71.3% | 47 |
| Current ratio | 1.00 | 1.28 | 4.68 | 46 |
| ROE | -5.9% | 3.6% | 12.0% | 44 |
| Equity | 76,958 € | €1.67m | €6.48m | 47 |
| Total assets | 758,792 € | €5.27m | €13.6m | 47 |
| Net result | −40,294 € | 37,584 € | 181,334 € | 47 |
| Headcount (avg FTE) | 0.0 | 0.8 | 6.0 | 12 |
Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method
Largest companies: Production of electricity from renewable sources
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 | Norther 8400 Ostend | €816.7m | €170.8m | €133.8m | 16.6 | 2025 |
| 2 | Northwind 8500 Kortrijk | €392.5m | €121.1m | €67.8m | — | 2025 |
| 3 | Eol'Wapi 7500 Tournai | €121.9m | €17.4m | €81.8m | — | 2025 |
| 4 | ActiVent Wallonie 6000 Charleroi | €102.1m | €5.22m | €18.6m | — | 2025 |
| 5 | Ecopower 2600 Antwerp | €94.8m | €71.9m | €66.1m | 48.2 | 2025 |
| 6 | Demainvest 4030 Liège | €81.4m | €3.32m | €6.71m | — | 2025 |
| 7 | Renewable Power Company 6680 Sainte-Ode | €55.5m | €10.1m | €51.9m | — | 2025 |
| 8 | Bertemes 6690 Vielsalm | €53.5m | €16.3m | €3.65m | — | 2025 |
| 9 | Zo-Fier 1210 Saint-Josse-ten-Noode | €31.0m | €2.48m | €8.47m | — | 2025 |
| 10 | Power 2 Green 1210 Saint-Josse-ten-Noode | €21.3m | €4.76m | €6.24m | — | 2025 |
| 11 | Terranova Solar 2940 Stabroek | €16.9m | — | €7.92m | — | 2025 |
| 12 | LumIKA 1210 Saint-Josse-ten-Noode | €15.9m | €1.01m | €4.14m | — | 2025 |
| 13 | LCL Energy 1831 Machelen (Brab.) | €13.7m | 676,581 € | 148,160 € | — | 2025 |
| 14 | Fortech 9170 Sint-Gillis-Waas | €13.6m | — | €7.45m | 2.9 | 2025 |
| 15 | Courant d'Air 4750 Bütgenbach | €13.5m | — | €9.97m | 4.1 | 2025 |
| 16 | EolSPI 4000 Liège | €13.2m | — | €1.11m | — | 2025 |
| 17 | Lumiwind 1210 Saint-Josse-ten-Noode | €13.2m | €1.77m | €12.7m | — | 2025 |
| 18 | Luminus Wind Together 1210 Saint-Josse-ten-Noode | €11.0m | €1.77m | €10.5m | — | 2025 |
| 19 | Hydroelectricite d'Ourthe et Sambre 6142 Fontaine-l'Évêque | €8.59m | — | €3.29m | — | 2025 |
| 20 | EnerGent 9000 Ghent | €8.23m | — | €5.76m | 11.6 | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
See all 50 companies, full list →
Where are they based?
Municipalities with the most
- 1210 Saint-Josse-ten-Noode9
- 6142 Fontaine-l'Évêque (Leernes)4
- 4030 Liège (Grivegnee)3
- 1080 Molenbeek-Saint-Jean2
- 1831 Machelen (Brab.) (Diegem)2
- 4000 Liège (Glain, Rocourt)2
- 7500 Tournai (Ere, Saint-Maur)2
- 8500 Kortrijk2
- 1000 Brussels1
- 1140 Evere1
- 1160 Auderghem1
- 1495 Villers-la-Ville (Marbais, Mellery, Sart-Dames-Avelines, …)1
Related sectors
← The whole Electricity, gas, steam and air conditioning supply sector (NACE 35)
Frequently asked questions
How many Production of electricity from renewable sources companies are there in Belgium?
50 Belgian companies whose main activity falls under NACE code 3512 (Production of electricity from renewable sources) have filed annual accounts with the National Bank.
What is the median solvency in Production of electricity from renewable sources?
For financial year 2025, median solvency (equity over total assets) is 46.7%. The middle half of companies lies between 17.7% and 71.3% (47 companies).
What is the largest company in Production of electricity from renewable sources?
By total assets, it is Norther (€816.7m, financial year 2025).
Where are Production of electricity from renewable sources companies based?
The municipalities with the most: Saint-Josse-ten-Noode (9), Fontaine-l'Évêque (4), Liège (3).
Analyse companies in Production of electricity from renewable sources
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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 12 Nov 2026.