First Belgian IPO in four years is a fact: EnergyVision rings the bell on Euronext Brussels

GHENT - 9 July 2025 - At exactly 9 a.m. this morning, Maarten Michielssens, Hassan Mourhit and Koen Decourt, the founders of the energy company EnergyVision, rang the bell at the Brussels stock exchange. With this traditional bell ceremony, the first Belgian IPO since October 2021 has become a reality. EnergyVision is listed under the name ENRGY.

Founded in 2014, EnergyVision has made rapid strides in the energy sector. In just ten years, it has evolved from an SME with five employees into an integrated energy and mobility company with more than 200 staff. EnergyVision is building an intelligent, flexible and decentralized energy network in which solar panels and charging stations play a central role. The company has installed and manages 123.1 MWp of solar installations for households, businesses and governments, of which 98.6 MWp was already operational as of March 31, 2025. In addition, 2,280 public and semi-public charging points have been deployed. Since its founding, the company has been active in China and Morocco, but its main focus remains the Belgian home market.

“This is without question a historic day in the history of EnergyVision. Our mission is to bring as many people, families and companies as possible into the energy transition. Not over people’s heads, but together with them. That is why this IPO is so important, and why we found it essential to also give private investors the opportunity to participate. This wasn’t easy. Yet we’re proud that no less than 37.5% of the newly issued shares were bought by retail investors, excluding MDM and Alychlo. Together with everyone, we’re making this energy company better, bigger, deeper and more future-oriented. To help even more people, to do good on a larger scale. It’s also a recognition and crowning achievement for the hard work of all our employees and teams. This IPO will make our company look different, and at the same time it will remain the same. From people, for people. We’re ready.” Maarten Michielssens, CEO of EnergyVision

€42.3 million raised (gross)

This morning, EnergyVision was listed for the first time, with 61,138,400 shares admitted to trading. Through the trading of these shares, the energy company aims to be accessible to both existing and new investors, not only large institutional investors, but also smaller private investors. The offering price was set at €9.50 per share. The market capitalization at the start of trading was €575 million.

“Other major Belgian stock market success stories like Argenx and VGP also began their stock market journeys at the lower end of the price range, with a limited free float. We too are starting at the bottom of that price range and are now fully focused on creating value in the years to come.”  Maarten Michielssens, CEO of EnergyVision

 “The stock exchange is the place where entrepreneurs and investors meet to finance projects together and help build the future. Euronext Brussels is therefore pleased to welcome EnergyVision. The company is an important example of Belgian entrepreneurship, and as a key player in the energy transition, the IPO underscores how capital markets play a crucial role in accelerating sustainable growth in Europe.”  Benoît van den Hove, CEO and Chairman of Euronext Brussels