ACTIVE

in BW Association Intercommunale

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Financial year 2025 · Closed on 31/12/2025

Net result4,8 M €+22,5 %over 1 year

Revenue135,7 M €+5,1 %over 1 year

Equity219,5 M €+7,8 %over 1 year

Workforce488,0 ETP+1,1 %over 1 year

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

41 active · 76 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Aisling D'Hooghe	Director	18/06/2025 → 17/06/2031
Axelle Valembois	Director	18/06/2025 → 17/06/2031	00
Bénédicte Delmez	Director	18/06/2025 → 17/06/2031	000
Bernard Löwenthal	Director	18/06/2025 → 17/06/2031	000
Cédric du Monceau	Chairman of the board of directors	18/06/2025 → 17/06/2031	000
Cédric Gillis	Director	18/06/2025 → 17/06/2031	00
Christian Fayt	Director	18/06/2025 → 17/06/2031	00
Christophe Dister	Director	18/06/2025 → 17/06/2031
Hélène Ryckmans	Director	18/06/2025 → 17/06/2031	00
Henri Detandt	Director	18/06/2025 → 17/06/2031	000
Jordan Godfriaux	Director	18/06/2025 → 17/06/2031	0
Julien Breuer	Vice-chairman of the board of directors	18/06/2025 → 17/06/2031
Laurence Smets	Director	18/06/2025 → 17/06/2031	0
Nancy Schroeders	Director	18/06/2025 → 17/06/2031	00
Olivier Vanham	Director	18/06/2025 → 17/06/2031	00
Pascal Henry	Director	18/06/2025 → 17/06/2031	00
Philippe Barras	Director	18/06/2025 → 17/06/2031	000
Pierre Huart	Director	18/06/2025 → 17/06/2031	000
Steve De Wevere	Director	18/06/2025 → 17/06/2031
Sybille de Coster-Bauchau	Director	18/06/2025 → 17/06/2031	000
Delphine De Sauvage	Director	12/02/2025 → 18/06/2025	000
Hélène Ryckmans	Director	06/12/2024 → 30/01/2025	00
Cédric du Monceau	Director	02/12/2024 → 18/06/2025	000
Jean-Marie Thiry	Director	02/12/2024 → 18/06/2025
Christophe Dister	Director	01/12/2024 → 18/06/2025
Pierre Huart	Chairman of the board of directors	01/12/2024 → 18/06/2025	000
Gilles Agosti	Director	12/05/2021 → 18/06/2025	000
Carole Ghiot	Director	09/11/2020 → 18/06/2025	00
Sophie Keymolen	Director	07/10/2020 → 18/06/2025	00
Jean-Marc Zocastello	Director	18/12/2019 → 18/06/2025	00
Louison Renault	Director	13/11/2019 → 18/06/2025	0
Bénédicte Delmez	Director	26/06/2019 → 18/06/2025	000
Bernard Löwenthal	Director	26/06/2019 → 18/06/2025	000
Christian Fayt	Director	26/06/2019 → 18/06/2025	00
Hadelin de Beer de Laer	Vice-chairman of the board of directors	26/06/2019 → 18/06/2025	0
Jordan Godfriaux	Director	26/06/2019 → 18/06/2025	0
Laurence Smets	Director	26/06/2019 → 18/06/2025	0
Michaël Goblet d'Alviella	Director	26/06/2019 → 18/06/2025
Muriel Flamand	Director	26/06/2019 → 18/06/2025	00
Pascal Henry	Director	26/06/2019 → 18/06/2025	00
Patricia Lebon	Director	26/06/2019 → 18/06/2025	00

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Pierre Huart	Chairman of the board of directors	01/10/2024 → 18/06/2025	000
Gilles Agosti	Director	12/05/2021 → 28/06/2023	000
Gilles Agosti	Director	12/05/2021 → 25/06/2025	000
Carole Ghiot	Director	09/11/2020 → 26/06/2024	00

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
m930-p	31/12/2004	13/06/2005	17/06/2005	French	PDF
m930-p	31/12/2003	07/06/2004	25/06/2004	French	PDF
m930-p	31/12/2002	23/06/2003	02/07/2003	French	PDF
m930-p	31/12/2001	17/06/2002	24/07/2002	French	PDF
Full model	31/12/2000	18/06/2001	18/07/2001	French	PDF
Full model	31/12/1999	19/06/2000	13/07/2000	French	PDF
Full model	31/12/1998	21/06/1999	20/07/1999	French	PDF
Full model	31/12/1997	08/06/1998	22/06/1998	French	—
Full model	31/12/1996	23/06/1997	26/06/1997	French	—
Full model	31/12/1995	03/06/1996	13/06/1996	French	—
Full model	31/12/1994	29/05/1995	07/06/1995	French	—
Full model	31/12/1993	30/05/1994	08/06/1994	French	—
Full model	31/12/1992	24/05/1993	17/06/1993	French	—
Full model	31/12/1991	25/05/1992	04/06/1992	French	—
Full model	31/12/1990	27/05/1991	05/06/1991	French	—
Full model	31/12/1989	28/05/1990	20/06/1990	French	—
Full model	31/12/1988	05/06/1989	15/06/1989	French	—
Full model	31/12/1987	30/05/1988	27/06/1988	French	—
Full model	31/12/1986	25/05/1987	05/06/1987	French	—
Full model	31/12/1985	23/06/1986	01/07/1986	French	—
Full model	31/12/1984	24/06/1985	27/06/1985	English	—
m903-p	31/12/1983	25/06/1984	27/06/1984	English	—
m903-p	31/12/1982	27/06/1983	16/12/1983	English	—
m903-p	31/12/1981	28/06/1982	16/12/1983	English	—
m903-p	31/12/1980	01/01/9999	16/12/1983	English	—
m903-p	31/12/1979	01/01/9999	16/12/1983	English	—
m903-p	31/12/1978	01/01/9999	16/12/1983	English	—
m903-p	31/12/1977	01/01/9999	01/12/1983	English	—
m949-p	31/12/1976	01/01/9999	16/12/1983	English	—

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

41 active · 76 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Aisling D'Hooghe	Director	18/06/2025 → 17/06/2031
Axelle Valembois	Director	18/06/2025 → 17/06/2031	00
Bénédicte Delmez	Director	18/06/2025 → 17/06/2031	000
Bernard Löwenthal	Director	18/06/2025 → 17/06/2031	000
Cédric du Monceau	Chairman of the board of directors	18/06/2025 → 17/06/2031	000
Cédric Gillis	Director	18/06/2025 → 17/06/2031	00
Christian Fayt	Director	18/06/2025 → 17/06/2031	00
Christophe Dister	Director	18/06/2025 → 17/06/2031
Hélène Ryckmans	Director	18/06/2025 → 17/06/2031	00
Henri Detandt	Director	18/06/2025 → 17/06/2031	000
Jordan Godfriaux	Director	18/06/2025 → 17/06/2031	0
Julien Breuer	Vice-chairman of the board of directors	18/06/2025 → 17/06/2031
Laurence Smets	Director	18/06/2025 → 17/06/2031	0
Nancy Schroeders	Director	18/06/2025 → 17/06/2031	00
Olivier Vanham	Director	18/06/2025 → 17/06/2031	00
Pascal Henry	Director	18/06/2025 → 17/06/2031	00
Philippe Barras	Director	18/06/2025 → 17/06/2031	000
Pierre Huart	Director	18/06/2025 → 17/06/2031	000
Steve De Wevere	Director	18/06/2025 → 17/06/2031
Sybille de Coster-Bauchau	Director	18/06/2025 → 17/06/2031	000
Delphine De Sauvage	Director	12/02/2025 → 18/06/2025	000
Hélène Ryckmans	Director	06/12/2024 → 30/01/2025	00
Cédric du Monceau	Director	02/12/2024 → 18/06/2025	000
Jean-Marie Thiry	Director	02/12/2024 → 18/06/2025
Christophe Dister	Director	01/12/2024 → 18/06/2025
Pierre Huart	Chairman of the board of directors	01/12/2024 → 18/06/2025	000
Gilles Agosti	Director	12/05/2021 → 18/06/2025	000
Carole Ghiot	Director	09/11/2020 → 18/06/2025	00
Sophie Keymolen	Director	07/10/2020 → 18/06/2025	00
Jean-Marc Zocastello	Director	18/12/2019 → 18/06/2025	00
Louison Renault	Director	13/11/2019 → 18/06/2025	0
Bénédicte Delmez	Director	26/06/2019 → 18/06/2025	000
Bernard Löwenthal	Director	26/06/2019 → 18/06/2025	000
Christian Fayt	Director	26/06/2019 → 18/06/2025	00
Hadelin de Beer de Laer	Vice-chairman of the board of directors	26/06/2019 → 18/06/2025	0
Jordan Godfriaux	Director	26/06/2019 → 18/06/2025	0
Laurence Smets	Director	26/06/2019 → 18/06/2025	0
Michaël Goblet d'Alviella	Director	26/06/2019 → 18/06/2025
Muriel Flamand	Director	26/06/2019 → 18/06/2025	00
Pascal Henry	Director	26/06/2019 → 18/06/2025	00
Patricia Lebon	Director	26/06/2019 → 18/06/2025	00

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Pierre Huart	Chairman of the board of directors	01/10/2024 → 18/06/2025	000
Gilles Agosti	Director	12/05/2021 → 28/06/2023	000
Gilles Agosti	Director	12/05/2021 → 25/06/2025	000
Carole Ghiot	Director	09/11/2020 → 26/06/2024	00

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring10/07/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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

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