Strong figures, a crucial year for the upcoming growth

Since EnergyVision was founded in 2014, each financial year has seen higher turnover and profit than the last. 2023 was no different: EUR 121 million, or +4% YoY turnover, with EBITDA in particular experiencing strong growth, surpassing the EUR 30 million mark. Despite a lot of political turbulence and legal uncertainty, higher interest rates and volatile energy prices, we still continued to grow.

The year 2023 brought with it some great reference projects, such as the 30 hectares of solar panels at Ostend–Bruges International Airport, or the Sibelga public contract for 1,400 charging stations in Brussels. These were vital to the company’s overall growth.

Year after year, EnergyVision continues to be one of Belgium’s fastest growing companies, a market leader in the energy transition. Pacing ourselves in terms of revenue growth was a conscious and strategic decision. Reaching unicorn status is not where it stops for EnergyVision. That is precisely where the next growth spurt begins.

Over the course of 2023, the focal point for the Board of Directors and Management Committee was to lay the foundations for the next growth spurt. The business models were made more robust to be able to navigate a world with a challenging macroeconomic climate (whether there is now a ‘hard landing’ or ‘soft landing’ to come), a world in which US-China relations could have an even greater impact on the energy sector, a world with a potential trade war looming, a world keeping a close eye on the geopolitical situation in Eastern Europe and the Middle East, and a world in which the need for an energy transition is getting greater by the day.

Sound corporate governance is still very important against the backdrop of this growth story. Our dynamic nature, sturdy business structure and swift response to important decisions have reaped their rewards in the past. Now, we are ready for the next chapter: corporate governance on target, business models ready, and our swift and dynamic nature kept intact. The same DNA, just stronger.

On behalf of the Board of Directors, I would like to thank the whole EnergyVision team for their commitment and for this excellent year.

Maqsud Bilal Chair of the board of Directors, EnergyVision