in BW Association Intercommunale (Cooperative society) — Nivelles (1400)

Identity

Source · BCE/KBO

in BW Association Intercommunale is a Cooperative society incorporated in 1968. Its main activity is: Sewerage. Its registered office is in Nivelles. It employs on average 488,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0200.362.210
Incorporation: 26/02/1968
Legal form: Cooperative society
Registered office: Rue de la Religion 10
1400 Nivelles · WallonieSee on map
Contributed capital: 67 127 720,07 €
Latest accounts: 31/12/2025
Average workforce: 488,0 ETP

Activities (NACE)

37000Sewerage· main 37000Sewerage 90010Performing arts

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 53 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	135,7 M €	+5.1%	129 M €	+1.2%	127,5 M €	+10.4%	115,5 M €	+0.8%	114,6 M €
EBITDA	37,8 M €	-1.5%	38,4 M €	+4.1%	36,9 M €	+9.5%	33,7 M €	-0.4%	33,9 M €
Operating result	12 M €	-6.7%	12,9 M €	-0.1%	12,9 M €	+6.3%	12,2 M €	+8.4%	11,2 M €
Net result	4,8 M €	+22.5%	4 M €	-9.4%	4,4 M €	+9.0%	4 M €	-12.6%	4,6 M €
Balance sheet
Equity	219,5 M €	+7.8%	203,6 M €	+3.1%	197,5 M €	+3.2%	191,3 M €	+3.0%	185,8 M €
Total assets	576,1 M €	+1.8%	565,8 M €	+0.9%	560,9 M €	+3.1%	543,8 M €	+9.6%	496,1 M €
Cash	2,8 M €	-19.1%	3,5 M €	-59.6%	8,6 M €	-15.8%	10,2 M €	-9.8%	11,4 M €
Debts	346,3 M €	-1.3%	350,8 M €	+0.6%	348,6 M €	+2.6%	339,7 M €	+13.4%	299,7 M €
Other
Workforce	488,0 ETP	+1.1%	482,7 ETP	+1.2%	477,1 ETP	+3.0%	463,2 ETP	-0.6%	466,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

31 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Aisling D'Hooghe	Director18/06/2025 → 17/06/2031
Axelle Valembois	Director18/06/2025 → 17/06/2031
Bénédicte Delmez	Director12/12/2018 → 17/06/2031
Bernard Löwenthal	Director26/06/2019 → 17/06/2031
Cédric du Monceau	Chairman of the board of directors18/06/2025 → 17/06/2031Director02/12/2024 → 18/06/2025
Cédric Gillis	Director18/06/2025 → 17/06/2031
Christian Fayt	Director07/10/2014 → 17/06/2031
Christophe Dister	Director01/12/2024 → 17/06/2031Chairman of the board of directors26/06/2019 → 2021 accountsended
Hélène Ryckmans	Director06/12/2024 → 17/06/2031
Henri Detandt	Director18/06/2025 → 17/06/2031
Jordan Godfriaux	Director12/12/2018 → 17/06/2031
Julien Breuer	Vice-chairman of the board of directors18/06/2025 → 17/06/2031
Laurence Smets	Director26/06/2019 → 17/06/2031Vice-chairman of the board of directors30/09/2014 → 26/06/2019ended
Nancy Schroeders	Director18/06/2025 → 17/06/2031
Olivier Vanham	Director26/06/2019 → 17/06/2031
Pascal Henry	Director26/06/2013 → 17/06/2031
Philippe Barras	Director26/06/2013 → 17/06/2031
Pierre Huart	Chairman of the board of directors01/10/2024 → 18/06/2025Director26/06/2013 → 17/06/2031
Steve De Wevere	Director18/06/2025 → 17/06/2031
Sybille de Coster-Bauchau	Director18/06/2025 → 17/06/2031
Delphine De Sauvage	Director12/02/2025 → 18/06/2025
Jean-Marie Thiry	Director02/12/2024 → 18/06/2025
Gilles Agosti	Director12/05/2021 → 25/06/2025
Carole Ghiot	Director09/11/2020 → 25/06/2025
Sophie Keymolen	Director27/06/2018 → 25/06/2025
Jean-Marc Zocastello	Director18/12/2019 → 25/06/2025
Louison Renault	Director13/11/2019 → 25/06/2025
Hadelin de Beer de Laer	Vice-chairman of the board of directors26/06/2019 → 25/06/2025Director12/12/2018 → 26/06/2019ended
Michael Goblet d'Alviella	Director12/12/2018 → 25/06/2025
Muriel Flamand	Director26/06/2019 → 25/06/2025
Patricia Lebon	Director26/06/2019 → 25/06/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniel Vankerkove	Director19/02/2020 → 2021 accounts
Anne Masson	Director26/06/2019 → 30/04/2021

Other companies at this address

Rue de la Religion 10 1400 Nivelles

Company	CBE no.
Association des Copropriétaires du Parc d'activité économique "Espace Hélécine Innovation"● Active	0743.513.017
Fondation Economique et Sociale du Brabant wallon● Active	0432.304.056

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	12/07/2025	10/07/2024	03/07/2023	29/03/2023	30/06/2021
General meeting	24/06/2026	18/06/2025	26/06/2024	28/06/2023	22/06/2022	23/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 53 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	06/07/2026	French	PDF
Full model	31/12/2024	18/06/2025	12/07/2025	French	PDF
Full model	31/12/2023	26/06/2024	10/07/2024	French	PDF
Full model	31/12/2022	28/06/2023	03/07/2023	French	PDF
Full modelCorrection	31/12/2021	22/06/2022	29/03/2023	French	PDF
Full model	31/12/2021	22/06/2022	01/07/2022	French	PDF
Full model	31/12/2020	23/06/2021	30/06/2021	French	PDF
Full modelCorrection	31/12/2019	02/09/2020	22/12/2020	French	PDF
Full model	31/12/2019	24/06/2020	30/09/2020	French	PDF
Full model	31/12/2018	26/06/2019	05/07/2019	French	PDF
Full model	31/12/2017	27/06/2018	04/07/2018	French	PDF
Full modelCorrection	31/12/2016	21/06/2017	17/01/2018	French	PDF
Full model	31/12/2016	21/06/2017	04/07/2017	French	PDF
Full model	31/12/2015	22/06/2016	06/07/2016	French	PDF
Full model	31/12/2014	23/06/2015	25/06/2015	French	PDF
Full model	31/12/2013	24/06/2014	25/06/2014	French	PDF
Full model	31/12/2012	26/06/2013	01/07/2013	French	PDF
Full model	31/12/2011	19/06/2012	27/06/2012	French	PDF
Full model	31/12/2010	14/06/2011	17/06/2011	French	PDF
Full model	31/12/2009	08/06/2010	15/06/2010	French	PDF
Full model	31/12/2008	15/06/2009	16/06/2009	French	PDF
Full model	31/12/2007	05/06/2008	19/06/2008	French	PDF
Full model	31/12/2006	25/06/2007	25/07/2007	French	PDF
m930-p	31/12/2005	09/06/2006	28/06/2006	French	PDF

View all 53 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

31 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Aisling D'Hooghe	Director18/06/2025 → 17/06/2031
Axelle Valembois	Director18/06/2025 → 17/06/2031
Bénédicte Delmez	Director12/12/2018 → 17/06/2031
Bernard Löwenthal	Director26/06/2019 → 17/06/2031
Cédric du Monceau	Chairman of the board of directors18/06/2025 → 17/06/2031Director02/12/2024 → 18/06/2025
Cédric Gillis	Director18/06/2025 → 17/06/2031
Christian Fayt	Director07/10/2014 → 17/06/2031
Christophe Dister	Director01/12/2024 → 17/06/2031Chairman of the board of directors26/06/2019 → 2021 accountsended
Hélène Ryckmans	Director06/12/2024 → 17/06/2031
Henri Detandt	Director18/06/2025 → 17/06/2031
Jordan Godfriaux	Director12/12/2018 → 17/06/2031
Julien Breuer	Vice-chairman of the board of directors18/06/2025 → 17/06/2031
Laurence Smets	Director26/06/2019 → 17/06/2031Vice-chairman of the board of directors30/09/2014 → 26/06/2019ended
Nancy Schroeders	Director18/06/2025 → 17/06/2031
Olivier Vanham	Director26/06/2019 → 17/06/2031
Pascal Henry	Director26/06/2013 → 17/06/2031
Philippe Barras	Director26/06/2013 → 17/06/2031
Pierre Huart	Chairman of the board of directors01/10/2024 → 18/06/2025Director26/06/2013 → 17/06/2031
Steve De Wevere	Director18/06/2025 → 17/06/2031
Sybille de Coster-Bauchau	Director18/06/2025 → 17/06/2031
Delphine De Sauvage	Director12/02/2025 → 18/06/2025
Jean-Marie Thiry	Director02/12/2024 → 18/06/2025
Gilles Agosti	Director12/05/2021 → 25/06/2025
Carole Ghiot	Director09/11/2020 → 25/06/2025
Sophie Keymolen	Director27/06/2018 → 25/06/2025
Jean-Marc Zocastello	Director18/12/2019 → 25/06/2025
Louison Renault	Director13/11/2019 → 25/06/2025
Hadelin de Beer de Laer	Vice-chairman of the board of directors26/06/2019 → 25/06/2025Director12/12/2018 → 26/06/2019ended
Michael Goblet d'Alviella	Director12/12/2018 → 25/06/2025
Muriel Flamand	Director26/06/2019 → 25/06/2025
Patricia Lebon	Director26/06/2019 → 25/06/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniel Vankerkove	Director19/02/2020 → 2021 accounts
Anne Masson	Director26/06/2019 → 30/04/2021

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Other10/07/2026
cession de branche d'activité pour cause d'utilité publique
PDF
Restructuring31/03/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates30/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/01/2025
DEMISSIONS, NOMINATIONS
PDF
Other24/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings7 filings

Mandates

Jordan Godfriaux

Axelle Valembois

Philippe Barras

Bénédicte Delmez

Laurence Smets

Henri Detandt

Olivier Vanham

Pascal Henry

Nancy Schroeders

Sybille de Coster-Bauchau

Christian Fayt

Steve De Wevere

Show the 35 other mandates

1968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

in BW Association Intercommunale

Rue de la Religion 10, 1400 Nivelles

Director

DirectorVice-chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de la Religion 10, 1400 NivellesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00275950

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
in BW Association IntercommunaleCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00275950

Events

2025
Annual accounts 20254,8 M €↑
29/07/2025
nominationCédric Gillis · membre du Comité d'audit
29/07/2025
nominationAisling D'Hooghe · membre du Comité de rémunération
18/06/2025
nominationJulien BREUER · administrateur
18/06/2025
nominationAisling D'HOOGHE · administrateur
18/06/2025
nominationSteve DE WEVERE · administrateur
18/06/2025
nominationBénédicte DELMEZ · administrateur
18/06/2025
nominationHenri DE TANDT · administrateur
18/06/2025
nominationCédric GILLIS · administrateur
18/06/2025
nominationPascal HENRY · administrateur
18/06/2025
nominationPierre HUART · administrateur
18/06/2025
nominationNancy SCHROEDERS · administrateur
18/06/2025
nominationSybille DE COSTER-BAUCHAU · administrateur
18/06/2025
nominationChristophe DISTER · administrateur
18/06/2025
nominationJordan GODFRIAUX · administrateur
18/06/2025
nominationPhilippe BARRAS · administrateur
18/06/2025
nominationCédric Du MONCEAU · administrateur
18/06/2025
nominationAxelle VALEMBOIS · administrateur
18/06/2025
nominationOlivier VANHAM · administrateur
18/06/2025
nominationChristian FAYT · administrateur
18/06/2025
nominationLaurence SMETS · administrateur
18/06/2025
nominationBernard LOWENTHAL · administrateur
18/06/2025
nominationHélène RYCKMANS · administrateur
12/02/2025
nominationDelphine DE SAUVAGE · administratrice
12/02/2025
nominationDelphine de SAUVAGE · administrateur
2024
Annual accounts 20244 M €↓
11/12/2024
nominationCédric Du MONCEAU · administrateur
06/12/2024
nominationHélène RYCKMANS · administratrice
06/12/2024
nominationHélène RYCKMANS · administrateur
06/12/2024
nominationChristophe DISTER · administrateur
06/12/2024
nominationMuriel FLAMAND · membre du Comité d'audit
02/12/2024
nominationJean-Marie THIRY · administrateur
01/12/2024
nominationPierre Huart · administrateur
2023
Annual accounts 20234,4 M €↑
26/04/2023
nominationBénédicte Delmez · Présidente du Comité d'audit
2022
Annual accounts 20224 M €↓
28/09/2022
nominationJordan Godfriaux · membre du Bureau exécutif
28/09/2022
nominationBénédicte Delmez · membre du Comité d'audit
15/07/2022
nominationLaurent DAUGE · Directeur général
2021
Annual accounts 20214,6 M €↓
2020
Annual accounts 20204,9 M €↓
2019
Annual accounts 20197,1 M €
26/02/1968
IncorporationCooperative society

in BW Association Intercommunale

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events