ACTIVE

Compagnie Intercommunale Liégeoise des Eaux

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Financial year 2025 · Closed on 31/12/2025

Net result4,5 M €-87,7 %over 1 year

Revenue159,7 M €+10,8 %over 1 year

Equity366,6 M €+1,6 %over 1 year

Workforce393,7 ETP+0,8 %over 1 year

Identity

Source · BCE/KBO

Compagnie Intercommunale Liégeoise des Eaux is a Cooperative society incorporated in 1913. Its main activity is: Water collection, treatment and supply. Its registered office is in Liège. It employs on average 393,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0202.395.052
Incorporation: 27/12/1913
Legal form: Cooperative society
Registered office: Rue Canal-de-l'Ourthe 8
4031 Liège · WallonieSee on map
Contributed capital: 49 837 018,13 €
Latest accounts: 31/12/2025
Average workforce: 393,7 ETP

Activities (NACE)

36000Water collection, treatment and supply· main 36000Water collection, treatment and supply 41000Construction of buildings

Contacts

4 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 51 filings

Trend over 19 financial years

	2025		2024		2022		2021		2020
Income statement
Revenue	159,7 M €	+10.8%	144,2 M €	+5.0%	137,2 M €	+0.4%	136,7 M €	+0.7%	135,7 M €
EBITDA	21,6 M €	-27.5%	29,8 M €	+90.0%	15,7 M €	+1.8%	15,4 M €	+2.2%	15,1 M €
Operating result	4,3 M €	-67.0%	13,1 M €	+2859%	441,7 k €	-7.9%	479,6 k €	-59.6%	1,2 M €
Net result	4,5 M €	-87.7%	36,3 M €	+16370%	220,3 k €	-49.2%	433,7 k €	-38.1%	700,6 k €
Balance sheet
Equity	366,6 M €	+1.6%	360,9 M €	+13.0%	319,4 M €	+0.6%	317,5 M €	+0.7%	315,2 M €
Total assets	460,1 M €	+0.8%	456,4 M €	+7.5%	424,4 M €	-0.1%	424,7 M €	-0.0%	424,8 M €
Cash	25 M €	-17.7%	30,3 M €	+75.1%	17,3 M €	-39.4%	28,6 M €	-21.2%	36,3 M €
Debts	88,9 M €	-1.5%	90,2 M €	-7.7%	97,7 M €	-4.0%	101,8 M €	-3.0%	105 M €
Other
Workforce	393,7 ETP	+0.8%	390,4 ETP	-0.9%	394,0 ETP	+1.6%	387,9 ETP	+3.1%	376,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

21 active · 295 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Philippe LAMALLE	Director	09/09/2025 → 19/06/2031	000
Adrien CARLOZZI	Director	19/06/2025 → 19/06/2031	000
Anne-Marie LIBON	Director	19/06/2025 → 19/06/2031	00
Caroline LEBEAU	Director	19/06/2025 → 19/06/2031	00
Céline FASSOTTE	Director	19/06/2025 → 19/06/2031	000
Didier HENROTTIN	Vice-chairman of the board of directors	19/06/2025 → 19/06/2031	00
Eric DOSOGNE	Director	19/06/2025 → 19/06/2031	000
Etienne VENDY	Director	19/06/2025 → 19/06/2031
Faustin LIDJI-HOUET	Director	19/06/2025 → 19/06/2031
Jérôme COCHART	Director	19/06/2025 → 19/06/2031	00
Marc CAPPA	Director	19/06/2025 → 19/06/2031	00
Muslim CHINKHOYEV	Director	19/06/2025 → 19/06/2031	000
Patrick LECERF	Director	19/06/2025 → 19/06/2031	00
Robert ROUZEEUW	Director	19/06/2025 → 19/06/2031	000
Sandra BELHOCINE	Director	19/06/2025 → 19/06/2031	00
Thibaud SMOLDERS	Director	19/06/2025 → 19/06/2031	000
Thomas CIALONE	Chairman of the board of directors	19/06/2025 → 19/06/2031
Vanessa LABRUYERE	Director	19/06/2025 → 19/05/2031	00
Marie-Christine NOSSENT	Observatrice - Directrice générale INTRADEL	since 01/03/2023
Eric VAN SEVENANT	Observateur - Président du comité de direction SWDE	since 09/01/2018	000
Florence HERRY	Oservateur - Directrice générale AIDE	since 09/01/2018	0

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Julie GELDOF	Chairman of the board of directors	17/02/2025 → 19/06/2025	00
Céline FASSOTTE	Director	14/01/2025 → 19/06/2025	000
Frédéric DEVILLERS	Director	14/01/2025 → 19/06/2025	000
Grégory PHILIPPIN	Director	10/12/2024 → 19/06/2025	0

Other companies at this address

Rue Canal-de-l'Ourthe 8 4031 Liège

Company	CBE no.
L'eau solidaire● Active	0705.984.707

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	24/06/2026	24/06/2026	03/07/2024	20/06/2023	27/06/2022	06/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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, 51 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/06/2026	24/06/2026	French	PDF
Full modelCorrection	31/12/2024	19/06/2025	24/06/2026	French	PDF
Full model	31/12/2024	19/06/2025	30/06/2025	French	PDF
Full model	31/12/2023	20/06/2024	03/07/2024	French	PDF
Full model	31/12/2022	15/06/2023	20/06/2023	French	PDF
Full model	31/12/2021	16/06/2022	27/06/2022	French	PDF
Full model	31/12/2020	17/06/2021	06/07/2021	French	PDF
Full model	31/12/2019	18/06/2020	24/06/2020	French	PDF
Full model	31/12/2018	20/06/2019	24/06/2019	French	PDF
Full model	31/12/2017	21/06/2018	05/07/2018	French	PDF
Full model	31/12/2016	15/06/2017	26/06/2017	French	PDF
Full modelCorrection	31/12/2015	16/06/2016	15/11/2016	French	PDF
Full model	31/12/2015	16/06/2016	21/06/2016	French	PDF
Full model	31/12/2014	18/06/2015	06/07/2015	French	PDF
Full model	31/12/2013	26/06/2014	02/07/2014	French	PDF
Full model	31/12/2012	20/06/2013	03/07/2013	French	PDF
Full model	31/12/2011	21/06/2012	10/07/2012	French	PDF
Full model	31/12/2010	23/06/2011	19/07/2011	French	PDF
Full model	31/12/2009	24/06/2010	16/07/2010	French	PDF
Full model	31/12/2008	25/06/2009	22/07/2009	French	PDF
Full model	31/12/2007	24/06/2008	18/07/2008	French	PDF
Full model	31/12/2006	21/06/2007	19/07/2007	French	PDF
Full model	31/12/2005	22/06/2006	14/07/2006	French	PDF
Full model	31/12/2004	21/06/2005	30/06/2005	French	PDF
Full model	31/12/2003	24/06/2004	30/06/2004	French	PDF
Full model	31/12/2002	24/06/2003	30/06/2003	French	PDF
Full model	31/12/2001	19/06/2002	21/06/2002	French	PDF
Full model	31/12/2000	21/06/2001	26/06/2001	French	PDF
Full model	31/12/1999	22/06/2000	29/06/2000	French	PDF
Full model	31/12/1998	10/06/1999	24/06/1999	French	PDF
Full model	31/12/1997	11/06/1998	24/06/1998	French	—
Full model	31/12/1996	23/06/1997	11/07/1997	French	—
Full model	31/12/1995	21/05/1996	12/06/1996	French	—
Full model	31/12/1994	16/05/1995	08/06/1995	French	—
Full model	31/12/1993	17/05/1994	13/06/1994	French	—
Full modelCorrection	31/12/1992	18/05/1993	16/06/1993	French	—
Full model	31/12/1992	18/05/1993	16/06/1993	French	—
Full model	31/12/1991	19/05/1992	19/06/1992	French	—
Full model	31/12/1990	21/05/1991	21/06/1991	French	—
Full model	31/12/1989	16/05/1990	21/06/1990	French	—
Full model	31/12/1988	16/05/1989	15/06/1989	French	—
m930-p	31/12/1987	14/06/1988	03/08/1988	French	—
m930-p	31/12/1986	09/06/1987	10/07/1987	French	—
m930-p	31/12/1985	13/05/1986	19/06/1986	French	—
m930-p	31/12/1984	14/05/1985	12/06/1985	English	—
m903-p	31/12/1983	15/05/1984	06/06/1984	English	—
m903-p	31/12/1982	10/05/1983	09/06/1983	English	—
m903-p	31/12/1981	11/05/1982	03/06/1982	English	—
m903-p	31/12/1980	01/01/9999	04/06/1981	English	—
m903-p	31/12/1979	01/01/9999	12/06/1980	English	—
m903-p	31/12/1978	01/01/9999	26/06/1979	English	—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

21 active · 295 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Philippe LAMALLE	Director	09/09/2025 → 19/06/2031	000
Adrien CARLOZZI	Director	19/06/2025 → 19/06/2031	000
Anne-Marie LIBON	Director	19/06/2025 → 19/06/2031	00
Caroline LEBEAU	Director	19/06/2025 → 19/06/2031	00
Céline FASSOTTE	Director	19/06/2025 → 19/06/2031	000
Didier HENROTTIN	Vice-chairman of the board of directors	19/06/2025 → 19/06/2031	00
Eric DOSOGNE	Director	19/06/2025 → 19/06/2031	000
Etienne VENDY	Director	19/06/2025 → 19/06/2031
Faustin LIDJI-HOUET	Director	19/06/2025 → 19/06/2031
Jérôme COCHART	Director	19/06/2025 → 19/06/2031	00
Marc CAPPA	Director	19/06/2025 → 19/06/2031	00
Muslim CHINKHOYEV	Director	19/06/2025 → 19/06/2031	000
Patrick LECERF	Director	19/06/2025 → 19/06/2031	00
Robert ROUZEEUW	Director	19/06/2025 → 19/06/2031	000
Sandra BELHOCINE	Director	19/06/2025 → 19/06/2031	00
Thibaud SMOLDERS	Director	19/06/2025 → 19/06/2031	000
Thomas CIALONE	Chairman of the board of directors	19/06/2025 → 19/06/2031
Vanessa LABRUYERE	Director	19/06/2025 → 19/05/2031	00
Marie-Christine NOSSENT	Observatrice - Directrice générale INTRADEL	since 01/03/2023
Eric VAN SEVENANT	Observateur - Président du comité de direction SWDE	since 09/01/2018	000
Florence HERRY	Oservateur - Directrice générale AIDE	since 09/01/2018	0

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Julie GELDOF	Chairman of the board of directors	17/02/2025 → 19/06/2025	00
Céline FASSOTTE	Director	14/01/2025 → 19/06/2025	000
Frédéric DEVILLERS	Director	14/01/2025 → 19/06/2025	000
Grégory PHILIPPIN	Director	10/12/2024 → 19/06/2025	0

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other24/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates13/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2024
DEMISSIONS, NOMINATIONS
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 20254,5 M €↓
19/06/2025
nominationSandra BELHOCINE · administrateur
19/06/2025
nominationCéline FASSOTTE · administrateur
19/06/2025
nominationVanessa LABRUYERE · administrateur
19/06/2025
nominationAdrien CARLOZZI · administrateur
19/06/2025
nominationMuslim CHINKHOYEV · administrateur
19/06/2025
nominationThomas CIALONE · administrateur
19/06/2025
nominationJérôme COCHART · administrateur
19/06/2025
nominationEric DOSOGNE · administrateur
19/06/2025
nominationDidier HENROTTIN · administrateur
19/06/2025
nominationPatrick LECERF · administrateur
19/06/2025
nominationFaustin LIDJI-HOUET · administrateur
19/06/2025
nominationAnthony LO BUE · administrateur
19/06/2025
nominationRobert ROUZEEUW · administrateur
19/06/2025
nominationThibaud SMOLDERS · administrateur
19/06/2025
nominationEtienne VENDY · administrateur
19/06/2025
nominationCaroline LEBEAU · administrateur
19/06/2025
nominationMarc CAPPA · administrateur
19/06/2025
nominationAnne-Marie LIBON · administrateur
18/02/2025
nominationJulie GELDOF · administrateur
14/01/2025
nominationCéline FASSOTTE · administrateur
14/01/2025
nominationFrédéric DEVILLERS · administrateur
2024
Annual accounts 202436,3 M €↑
10/12/2024
nominationGrégory PHILIPPIN · administrateur
10/12/2024
nominationThibaud SMOLDERS · administrateur
10/12/2024
nominationMuslim CHINKHOYEV · administrateur
10/12/2024
nominationMichel WEBER · administrateur
10/12/2024
nominationNicole MARECHAL · administrateur
01/09/2023
nominationIngrid GABRIEL · Directrice générale
2022
Annual accounts 2022220,3 k €↓
2022
Name changeCompagnie Intercommunale Liégeoise des Eaux
16/06/2022
nominationCarl LASCHET · représentant permanent
2021
Annual accounts 2021433,7 k €↓
2020
Annual accounts 2020700,6 k €↑
2019
Annual accounts 2019484,3 k €↑
2018
Annual accounts 2018-1,7 M €↓
2017
Annual accounts 20173,3 M €↑
2016
Annual accounts 2016667,9 k €↓
2015
Annual accounts 20152,1 M €↓
2014
Annual accounts 20145,3 M €↑
2013
Annual accounts 20134,4 M €↑
2012
Annual accounts 2012821,1 k €↓
2011
Annual accounts 201120,1 M €↑
2010
Annual accounts 2010710,2 k €↓
2009
Annual accounts 2009730,6 k €↓
2008
Annual accounts 2008742,8 k €↓
2007
Annual accounts 20073,1 M €↓
2006
Annual accounts 20064 M €
27/12/1913
IncorporationCooperative society

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Canal-de-l'Ourthe 8, 4031 AngleurCurrent	accounts 2022 → 2025 · CBE, tracked since 27/09/2026	Accounts 2025 · 2026-00217443
Rue du Canal de l'Ourthe 8, 4031 Angleur	accounts 2021	Accounts 2021 · 2022-20107022

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Compagnie Intercommunale Liégeoise des EauxCurrent	accounts 2022 → 2025 · CBE, tracked since 27/09/2026	Accounts 2025 · 2026-00217443
CILE	accounts 2021	Accounts 2021 · 2022-20107022

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.

Compagnie Intercommunale Liégeoise des Eaux

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