Sector · NACE 3514

Distribution of electricity

60 Belgian companies whose main activity falls under NACE code 3514 have filed annual accounts. Their median solvency is 31.9% for financial year 2025.

Companies60
Median solvency31.9%
Median equity419,444 €
Median headcount (FTE)4.8
Founded in the last 3 years11

Sector medians

Computed by Idonis

Distribution 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.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 1.6%31.9%62.4% 52
Current ratio 0.701.011.47 53
ROE -0.0%4.5%14.6% 44
Equity 33,802 €419,444 €€5.22m 53
Total assets 571,261 €€4.17m€34.0m 52
Net result −12,176 €32,821 €663,333 € 52
Headcount (avg FTE) 1.94.839.4 16

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: Distribution of electricity

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 ORES Assets 6041 Charleroi €5.23bn €1.16bn €2.07bn — 2025
2 Fluvius West 8500 Kortrijk €3.38bn €541.7m €1.30bn — 2025
3 Fluvius Limburg 3500 Hasselt €3.26bn €434.3m €1.66bn — 2025
4 Fluvius Imewo 9090 Merelbeke-Melle €3.07bn €544.9m €772.5m — 2025
5 Operateur de Reseaux d'Energies 6041 Charleroi €2.83bn €920.9m 461,806 € 3,000.0 2025
6 Fluvius Halle-Vilvoorde 1800 Vilvoorde €1.36bn €238.2m €343.2m — 2025
7 Fluvius Midden-Vlaanderen 9200 Dendermonde €1.29bn €242.7m €346.1m — 2025
8 Fluvius Kempen 2300 Turnhout €1.16bn €221.6m €298.6m — 2025
9 Axpo Benelux 1050 Brussels €240.3m €411.2m €3.04m 6.7 2025
10 E.ON Power Plants Belgium 2800 Mechelen €135.9m €33.7m €38.2m 19.0 2025
11 Reseau d'Energies de Wavre 1301 Wavre €84.5m €14.7m €62.0m 35.0 2025
12 Association Intercommunale d'Electricité du Sud du Hainaut 6470 Sivry-Rance €80.3m €21.3m €49.8m 52.7 2025
13 Coreso 1000 Brussels €45.3m €50.7m €8.66m 110.8 2025
14 Brussels Network Operations 1000 Brussels €30.3m €142.7m 23,229 € 1,201.7 2025
15 YUSO 8790 Waregem €30.1m €105.4m €9.01m 32.1 2025
16 Fluvius 3500 Hasselt €27.9m — 26,642 € — 2025
17 Parc Eolien Gesves Ohey 3000 Leuven €22.0m — €1.10m — 2025
18 Ampyr Distributed Energy Belgium 1 1000 Brussels €21.6m 126,000 € 384,061 € — 2025
19 Windfarm Tongeren-Oost 3000 Leuven €17.1m 673,538 € −202,994 € — 2025
20 Soless 2018 Antwerp €16.4m — €13.6m — 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

See all 60 companies, full list →

Where are they based?

  • Brussels-Capital11
  • Flemish Brabant10
  • Limburg10
  • Antwerp7
  • East Flanders7
  • West Flanders5
  • Hainaut4
  • Namur2
  • Walloon Brabant2
  • Liège1
  • Luxembourg1

Municipalities with the most

Related sectors

← The whole Electricity, gas, steam and air conditioning supply sector (NACE 35)

Frequently asked questions

How many Distribution of electricity companies are there in Belgium?

60 Belgian companies whose main activity falls under NACE code 3514 (Distribution of electricity) have filed annual accounts with the National Bank.

What is the median solvency in Distribution of electricity?

For financial year 2025, median solvency (equity over total assets) is 31.9%. The middle half of companies lies between 1.6% and 62.4% (52 companies).

What is the largest company in Distribution of electricity?

By total assets, it is ORES Assets (€5.23bn, financial year 2025).

Where are Distribution of electricity companies based?

The municipalities with the most: Leuven (7), Hasselt (7), Brussels (6).

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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 12 Nov 2026.