What Elindus does

Elindus is a 100% Belgian B2B energy supplier headquartered in Kortrijk and founded in 2012. The company supplies electricity and related energy services to Belgian businesses and entrepreneurs, operating along a platform-plus-modules architecture: a dynamic energy contract is the entry point, augmented by Price Stability for volatility protection, Energy Sharing for peer-to-peer flows, and the Elion smart steering solution that allows customers to actively manage consumption and earn from energy by responding to market and grid signals.

Underlying the platform is integration with sister company Smart at Energy, which contributes energy trading, forecasting, and grid balancing expertise. Together the group combines commodity supply with optimization and flexibility monetization, targeting Belgian SMEs as the primary segment and Belgian cities and municipalities as a secondary vertical served via the partnership with Aspiravi Energy.

Elindus monetizes through subscription-style recurring contracts, with pricing tailored per customer through a quote-based (prijsaanvraag) flow rather than public list pricing. Go-to-market is enterprise field sales supported by a dedicated B2B customer portal, content marketing, and social channels. In March 2026, Sofindev Private Equity Partners acquired a minority stake to underwrite customer expansion, product commercialization, and international scaling of trading and flexibility activities into the broader Benelux region.

Name

Elindus

Legal name

Elindus

Website

https://elindus.be

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Elindus is a 100% Belgian B2B energy supplier serving businesses and entrepreneurs with a dynamic energy contract plus Elion smart steering, price stability, and energy sharing modules, supported by trading and grid balancing from sister company Smart at Energy.

Ownership category

akta.pro rank

Product category

Business Energy Supply

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Microgrid, DER & Building Electrification Energy Controls (Solar/Storage/EV Load Orchestration) (BPABAGAJ)

Keywords

• B2B energy supply
• Smart energy management
• Dynamic energy contracts
• Business electricity supply
• Renewable energy solutions

Headquarters

HQ city

Kortrijk

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Energy Supply Contracts: Elindus supplies electricity and potentially gas to B2B customers in Belgium through various contract types including dynamic energy contracts and price stability products.
2. Smart Control Services (Elion): Revenue from smart energy management solutions that enable businesses to actively participate in energy markets, consume smarter, and sell energy back at optimal moments.
3. Energy Sharing (Elindus Energy Sharing): Revenue from energy sharing solutions that allow businesses to share energy resources.
4. Price Stability Products: Revenue from price stability contract solutions that protect businesses from energy market volatility.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Elindus is a 100% Belgian energy supplier that delivers electricity and energy services to business customers and entrepreneurs across Belgium. Its offering combines traditional energy supply contracts (dynamic and price-stable) with the Elion smart energy management platform, which enables businesses to optimize consumption and actively trade energy through automated smart steering technology, supported by sister company Smart at Energy's trading, forecasting, and grid balancing capabilities.

Product overview

Elindus is a 100% Belgian energy supplier for businesses that offers a platform-plus-modules architecture. The core offering centers on Elion, a smart energy management platform that enables businesses to intelligently consume and monetize energy through smart steering technology. This platform is complemented by a dynamic energy contract that adapts to market conditions, a price stability module that protects against market volatility, and an energy sharing feature for peer-to-peer energy trading. The company positions itself as a technology-enabled energy supplier operating alongside its sister company Smart at Energy, which provides energy trading, forecasting, and grid balancing expertise.

Differentiator

Problem solved

Functional benefit

Brands

• Elion: Smart energy management solution that helps businesses consume energy more intelligently and also earn from energy by becoming active players in the energy market through smart control technology.

Products and services

• Elion Smart Energy Management Smart energy management platform that enables businesses to not only consume energy more intelligently but also earn revenue from it by actively selling energy at the most advantageous moments through smart steering technology.
• Dynamic Energy Contract Energy contract that adapts pricing based on market conditions, allowing businesses to benefit from price fluctuations in the energy market.
• Price Stability Product Energy pricing solution designed to protect businesses from market volatility by providing stable, predictable energy pricing.
• Elindus Energy Sharing Energy sharing solution that allows businesses to share energy resources with other entities, facilitating energy trading among business customers.

Quantifiable outcome

• Transition from energy consumer to active market participant

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Smart at EnergycoreStrategic or Co-development PartnerSmart at Energy is Elindus's sister company operating within the same group. It provides expertise in energy trading, forecasting, and grid balancing. Together they operate a technology-enabled platform combining energy supply with advanced energy management capabilities.
• Aspiravi EnergyminorStrategic or Co-development PartnerElindus and Aspiravi Energy have partnered to work together for more sustainable cities and municipalities. The partnership combines local renewable energy, smart data solutions, and Belgian expertise to support local governments in energy transition and provide concrete solutions for more efficient and sustainable energy management.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Emerging players

• EnergyVision: EnergyVision is a Belgian energy solutions provider offering solar, charging, and energy management services to businesses. It overlaps with Elindus's smart energy management ambitions from the customer-side energy services angle.
• Smappee: Smappee is a Belgian provider of smart energy monitoring and management hardware and software for residential and commercial customers. It is comparable to Elindus's Elion platform in the smart energy management and orchestration category.
• Aspiravi Energy: Aspiravi is a Belgian renewable energy project developer and supplier focused on wind and green energy for businesses and municipalities. It is both a partner and a partial peer to Elindus in the renewable B2B and municipal energy segment.

Direct peers

• Treion: Treion is a Belgian B2B-focused energy supplier and advisor for SMEs and larger enterprises. It directly overlaps with Elindus in the Belgian commercial customer segment and offers similar advisory and procurement services.
• Luminus: Luminus is one of the largest Belgian energy suppliers serving both residential and business customers with electricity and gas, plus energy services. It directly competes with Elindus in the Belgian B2B energy supply market and is the closest scaled domestic peer.
• OCTA+: OCTA+ is a Belgian energy supplier providing electricity and gas to households and small business customers with a digital-first approach. Comparable to Elindus in offering Belgian customers an alternative to incumbent utilities.
• Eneco Belgium: Eneco Belgium is a Dutch-origin renewable-focused energy supplier active in the Belgian B2B and B2C markets. It competes directly with Elindus by offering dynamic contracts and renewable supply to Belgian businesses with a similar customer value proposition.
• Mega (Power Online): Mega is a Belgian online energy challenger offering dynamic and fixed-price electricity and gas contracts to both consumers and small businesses. It is a direct challenger-style peer comparable to Elindus's B2B-focused digital supply model.

Broad incumbents

• ENGIE Belgium: ENGIE Belgium is the Belgian arm of the global ENGIE utility group, supplying electricity and gas to a broad base of residential, business, and industrial customers. As the largest incumbent, it competes with Elindus across all B2B segments while offering a much wider portfolio.
• TotalEnergies Belgium (Electrabel): TotalEnergies operates a Belgian energy retail business supplying electricity and gas to residential and business customers under the TotalEnergies brand. It is a broad incumbent competitor to Elindus with global scale and resources.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Elindusenergie
• LinkedInlinkedin.com/company/elindus
• Instagraminstagram.com/elindusenergie
• Xx.com/elindus_

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elindus