in BW Association Intercommunale
0200.362.210 · rovalta.com · 22/09/2026
ACTIVE
in BW Association Intercommunale
Financial year 2025 · closed on 31/12/2025
Net result
4,8 M €
+22.5% YoY
Revenue
135,7 M €
+5.1% YoY
Equity
219,5 M €
+7.8% YoY
Workforce
488,0 ETP
+1.1% YoY
Overview
What does in BW Association Intercommunale do?
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
1400 Nivelles · WallonieSee on map
Contributed capital
67 127 720,07 €
Latest accounts
31/12/2025
Average workforce
488,0 ETP
Activities (NACE)
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
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Financials
Trend over 7 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 € | +7.5% | 106,6 M € | -2.0% | 108,8 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 € | -2.5% | 34,7 M € | -6.8% | 37,3 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 € | +1.4% | 11,1 M € | -19.0% | 13,7 M € |
| Net result | 4,8 M € | +22.5% | 4 M € | -9.4% | 4,4 M € | +9.0% | 4 M € | -12.6% | 4,6 M € | -6.1% | 4,9 M € | -31.8% | 7,1 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 € | +2.1% | 182 M € | +2.8% | 177 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 € | +0.1% | 495,7 M € | +3.4% | 479,4 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 € | -39.3% | 18,7 M € | +202% | 6,2 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 € | -2.2% | 306,3 M € | +4.8% | 292,3 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 | -0.5% | 468,2 ETP | +0.6% | 465,4 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 50 M€ and 100 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 41 active · 76 ended
Active mandates
Aisling D'Hooghe
ActiveAxelle Valembois
ActiveBénédicte Delmez
ActiveBernard Löwenthal
ActiveCédric du Monceau
ActiveCédric Gillis
ActiveChristian Fayt
ActiveChristophe Dister
ActiveHélène Ryckmans
ActiveHenri Detandt
ActiveJordan Godfriaux
ActiveJulien Breuer
ActiveLaurence Smets
ActiveNancy Schroeders
ActiveOlivier Vanham
ActivePascal Henry
ActivePhilippe Barras
ActivePierre Huart
ActiveSteve De Wevere
ActiveSybille de Coster-Bauchau
ActiveDelphine De Sauvage
ActiveHélène Ryckmans
ActiveCédric du Monceau
ActiveJean-Marie Thiry
ActiveChristophe Dister
ActivePierre Huart
ActiveGilles Agosti
ActiveCarole Ghiot
ActiveSophie Keymolen
ActiveJean-Marc Zocastello
ActiveLouison Renault
ActiveBénédicte Delmez
ActiveBernard Löwenthal
ActiveChristian Fayt
ActiveHadelin de Beer de Laer
ActiveJordan Godfriaux
ActiveLaurence Smets
ActiveMichaël Goblet d'Alviella
ActiveMuriel Flamand
ActivePascal Henry
ActivePatricia Lebon
ActiveEnded mandates
Pierre Huart
EndedGilles Agosti
EndedGilles Agosti
EndedCarole Ghiot
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0743.513.017 | |
| 0432.304.056 |
Financials
Annual accounts
Full financial information
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
53 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 24/06/2026 | 06/07/2026 | French | |
| Full model | 31/12/2024 | 18/06/2025 | 12/07/2025 | French | |
| Full model | 31/12/2023 | 26/06/2024 | 10/07/2024 | French | |
| Full model | 31/12/2022 | 28/06/2023 | 03/07/2023 | French | |
| Full modelCorrection | 31/12/2021 | 22/06/2022 | 29/03/2023 | French | |
| Full model | 31/12/2021 | 22/06/2022 | 01/07/2022 | French | |
| Full model | 31/12/2020 | 23/06/2021 | 30/06/2021 | French | |
| Full modelCorrection | 31/12/2019 | 02/09/2020 | 22/12/2020 | French | |
| Full model | 31/12/2019 | 24/06/2020 | 30/09/2020 | French | |
| Full model | 31/12/2018 | 26/06/2019 | 05/07/2019 | French | |
| Full model | 31/12/2017 | 27/06/2018 | 04/07/2018 | French | |
| Full modelCorrection | 31/12/2016 | 21/06/2017 | 17/01/2018 | French | |
| Full model | 31/12/2016 | 21/06/2017 | 04/07/2017 | French | |
| Full model | 31/12/2015 | 22/06/2016 | 06/07/2016 | French | |
| Full model | 31/12/2014 | 23/06/2015 | 25/06/2015 | French | |
| Full model | 31/12/2013 | 24/06/2014 | 25/06/2014 | French | |
| Full model | 31/12/2012 | 26/06/2013 | 01/07/2013 | French | |
| Full model | 31/12/2011 | 19/06/2012 | 27/06/2012 | French | |
| Full model | 31/12/2010 | 14/06/2011 | 17/06/2011 | French | |
| Full model | 31/12/2009 | 08/06/2010 | 15/06/2010 | French | |
| Full model | 31/12/2008 | 15/06/2009 | 16/06/2009 | French | |
| Full model | 31/12/2007 | 05/06/2008 | 19/06/2008 | French | |
| Full model | 31/12/2006 | 25/06/2007 | 25/07/2007 | French | |
| m930-p | 31/12/2005 | 09/06/2006 | 28/06/2006 | French |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 41 active · 76 ended
Active mandates
Aisling D'Hooghe
ActiveAxelle Valembois
ActiveBénédicte Delmez
ActiveBernard Löwenthal
ActiveCédric du Monceau
ActiveCédric Gillis
ActiveChristian Fayt
ActiveChristophe Dister
ActiveHélène Ryckmans
ActiveHenri Detandt
ActiveJordan Godfriaux
ActiveJulien Breuer
ActiveLaurence Smets
ActiveNancy Schroeders
ActiveOlivier Vanham
ActivePascal Henry
ActivePhilippe Barras
ActivePierre Huart
ActiveSteve De Wevere
ActiveSybille de Coster-Bauchau
ActiveDelphine De Sauvage
ActiveHélène Ryckmans
ActiveCédric du Monceau
ActiveJean-Marie Thiry
ActiveChristophe Dister
ActivePierre Huart
ActiveGilles Agosti
ActiveCarole Ghiot
ActiveSophie Keymolen
ActiveJean-Marc Zocastello
ActiveLouison Renault
ActiveBénédicte Delmez
ActiveBernard Löwenthal
ActiveChristian Fayt
ActiveHadelin de Beer de Laer
ActiveJordan Godfriaux
ActiveLaurence Smets
ActiveMichaël Goblet d'Alviella
ActiveMuriel Flamand
ActivePascal Henry
ActivePatricia Lebon
ActiveEnded mandates
Pierre Huart
EndedGilles Agosti
EndedGilles Agosti
EndedCarole Ghiot
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring10/07/2026RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring31/03/2026RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Mandates30/01/2026DEMISSIONS, NOMINATIONS
- Mandates24/10/2025DEMISSIONS, NOMINATIONS
- Mandates22/07/2025DEMISSIONS, NOMINATIONS
- Mandates18/04/2025DEMISSIONS, NOMINATIONS
- Mandates29/01/2025DEMISSIONS, NOMINATIONS
- Other24/01/2025STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20254,8 M €↑
- 29/07/2025nominationCédric Gillis — membre du Comité d'audit
- 29/07/2025nominationAisling D'Hooghe — membre du Comité de rémunération
- 18/06/2025nominationJulien BREUER — administrateur
- 18/06/2025nominationAisling D'HOOGHE — administrateur
- 18/06/2025nominationSteve DE WEVERE — administrateur
- 18/06/2025nominationBénédicte DELMEZ — administrateur
- 18/06/2025nominationHenri DE TANDT — administrateur
- 18/06/2025nominationCédric GILLIS — administrateur
- 18/06/2025nominationPascal HENRY — administrateur
- 18/06/2025nominationPierre HUART — administrateur
- 18/06/2025nominationNancy SCHROEDERS — administrateur
- 18/06/2025nominationSybille DE COSTER-BAUCHAU — administrateur
- 18/06/2025nominationChristophe DISTER — administrateur
- 18/06/2025nominationJordan GODFRIAUX — administrateur
- 18/06/2025nominationPhilippe BARRAS — administrateur
- 18/06/2025nominationCédric Du MONCEAU — administrateur
- 18/06/2025nominationAxelle VALEMBOIS — administrateur
- 18/06/2025nominationOlivier VANHAM — administrateur
- 18/06/2025nominationChristian FAYT — administrateur
- 18/06/2025nominationLaurence SMETS — administrateur
- 18/06/2025nominationBernard LOWENTHAL — administrateur
- 18/06/2025nominationHélène RYCKMANS — administrateur
- 12/02/2025nominationDelphine DE SAUVAGE — administratrice
- 12/02/2025nominationDelphine de SAUVAGE — administrateur
- 2024Annual accounts 20244 M €↓
- 11/12/2024nominationCédric Du MONCEAU — administrateur
- 06/12/2024nominationHélène RYCKMANS — administratrice
- 06/12/2024nominationHélène RYCKMANS — administrateur
- 06/12/2024nominationChristophe DISTER — administrateur
- 06/12/2024nominationMuriel FLAMAND — membre du Comité d'audit
- 02/12/2024nominationJean-Marie THIRY — administrateur
- 01/12/2024nominationPierre Huart — administrateur
- 2023Annual accounts 20234,4 M €↑
- 26/04/2023nominationBénédicte Delmez — Présidente du Comité d'audit
- 2022Annual accounts 20224 M €↓
- 28/09/2022nominationJordan Godfriaux — membre du Bureau exécutif
- 28/09/2022nominationBénédicte Delmez — membre du Comité d'audit
- 15/07/2022nominationLaurent DAUGE — Directeur général
- 2021Annual accounts 20214,6 M €↓
- 2020Annual accounts 20204,9 M €↓
- 2019Annual accounts 20197,1 M €
- 26/02/1968IncorporationCooperative society