EnergyVision first newcomer on Brussels stock exchange in year and a half
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With the symbolic ringing of the opening bell on Wednesday morning, the adventure of energy company EnergyVision on the Brussels stock exchange has begun. The share, issued at 9.50 euros each, quickly rose above 10 euros. EnergyVision, which is listed as “ENRGY”, is the first newcomer on the Brussels stock exchange since the end of 2023.
EnergyVision had announced the financial details of its initial public offering (IPO) on Tuesday evening. 4.45 million new shares were issued at 9.50 euros per share. The transaction, with proceeds of 42.3 million euros, values the company at around 582 million euros.
CEO Maarten Michielssens repeatedly emphasised the “human dimension” of the IPO at the launch. “People are the value of the company, that is deeply ingrained in our DNA,” he said. “We also wanted to translate that into the stock market operation, for example by giving absolute priority to retail investors. We are therefore proud that 37 per cent of the new shares have been purchased by private investors.”
The stock market listing gives EnergyVision visibility and access to the capital market. The free float, the number of shares that can be freely traded, is still fairly limited at just over five per cent of all shares. However, the intention is to “gradually expand liquidity and the free float”.
EnergyVision, founded in 2014, amongst others offers solar panels and charging stations. Since last year, it has also been active as an energy supplier. Last year, it had a turnover of 99.6 million euros with an EBITDA or gross operating profit of 26.9 million euros. At the end of 2024, the company had 220 employees.
Improved situation
EnergyVision, listed as “ENRGY”, is the first newcomer on the Brussels stock exchange since Syensqo split from Solvay at the end of 2023. That was a technical transaction, the last “real” IPOs date back to the autumn of 2021, with Azelis and Onward Medical.
"We are still in a geopolitically complex situation, but inflation is much more under control and interest rates are at more normal levels"
“The last few years have been very challenging for the entire financing chain,” said Benoît van den Hove, CEO of stock exchange operator Euronext Brussels. “Today, we are still in a geopolitically complex situation, but inflation is much more under control and interest rates are at more normal levels. That facilitates access to capital.”
An example of the improved situation is that companies - including Elia and Gimv - have already raised 4 billion euros on the Brussels stock exchange since the beginning of this year, compared to an average of 3.3 billion euros per year in recent years.
Possible departures
However, no other newcomers are expected to join the Brussels stock market in the immediate future. The biotech company Galapagos has put its planned split into two listed companies on hold for the time being. The Walloon company I-care from Mons, which specialises in the maintenance of industrial machinery, has postponed its plan to go public.
While EnergyVision's stock market adventure began on Wednesday, Smartphoto was on its last day of trading. Entrepreneurs Marc Coucke, who is also a shareholder in EnergyVision, and Philippe Vlerick took over the manufacturer of personalised photo products. There are also attempts to delist the fruit and vegetable company Greenyard, media group Roularta and gas tanker shipping company Exmar.
#FlandersNewsService | Launch of EnergyVision at the Brussels Stock Exchange, on 09 July 2025 © BELGA PHOTO MAARTEN WEYNANTS / © BELGA VIDEO MAARTEN WEYNANTS
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