ACTIVE

Pidpa

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Financial year 2025 · Closed on 31/12/2025

Net result31,3 M €+253,6 %over 1 year

Revenue402,7 M €+27,8 %over 1 year

Equity859,3 M €+5,2 %over 1 year

Workforce715,6 ETP+0,4 %over 1 year

Identity

Source · BCE/KBO

Pidpa is a Project leader organization, Flemish Region incorporated in 1968. Its main activity is: Water collection, treatment and supply. Its registered office is in Grobbendonk. It employs on average 715,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0204.908.936
Incorporation: 01/01/1968
Legal form: Project leader organization, Flemish Region
Registered office: Vierselse baan 5
2280 Grobbendonk · FlandreSee on map
Contributed capital: 19 377 372,62 €
Latest accounts: 31/12/2025
Average workforce: 715,6 ETP

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 52 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	402,7 M €	+27.8%	315,1 M €	+4.9%	300,3 M €	+4.5%	287,3 M €	+5.7%	272 M €
EBITDA	123,4 M €	+66.0%	74,4 M €	+13.5%	65,5 M €	-0.9%	66,1 M €	+1.2%	65,3 M €
Operating result	34,7 M €	+253%	-22,7 M €	-1513%	-1,4 M €	-113%	11 M €	-42.9%	19,2 M €
Net result	31,3 M €	+254%	-20,4 M €	-3187%	660,7 k €	-94.8%	12,7 M €	-39.3%	21 M €
Balance sheet
Equity	859,3 M €	+5.2%	817,2 M €	-0.1%	817,8 M €	+1.1%	809,1 M €	+3.0%	785,8 M €
Total assets	1,6 Md €	+8.6%	1,5 Md €	+4.7%	1,4 Md €	+8.8%	1,3 Md €	+7.4%	1,2 Md €
Cash	14,8 M €	+214%	4,7 M €	-11.7%	5,4 M €	-28.3%	7,5 M €	-18.2%	9,1 M €
Debts	532,7 M €	+12.4%	473,9 M €	+15.0%	412 M €	+34.1%	307,3 M €	+33.2%	230,7 M €
Other
Workforce	715,6 ETP	+0.4%	712,5 ETP	+1.2%	704,2 ETP	-1.6%	715,4 ETP	+3.4%	691,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

16 active · 239 ended

Active mandates

Danny Van de Velde

Director · since 28 mars 2025

Active

David Geerts

Director · since 28 mars 2025

Active

Guy Echelpoels

Director · since 28 mars 2025

Active

Hans De Groof

Director · since 28 mars 2025

Active

Inge Bruynooghe

Director · since 28 mars 2025

Active

Ingrid Meulders

Director · since 28 mars 2025

Active

Jeroen De Jonghe

Director · since 28 mars 2025

Active

Kathleen Helsen

Director · since 28 mars 2025

Active

Katrien Somers

Director · since 28 mars 2025

Active

Kris Verbeeck

Director · since 28 mars 2025

Active

Lukas Jacobs

Director · since 28 mars 2025

Active

Nathalie Obbers

Director · since 28 mars 2025

Active

Peter Hannes

Director · since 28 mars 2025

Active

Kris Gebruers

Director

Active

Mieke Van den Brande

Chairman of the board of directors

Active

Sven Deckers

Bestuurder met raadgevende stem

Active

Ended mandates

Liesbeth Bardyn

Director · since 01 janvier 2023

Ended

Jenne Meyvis

Director · since 01 janvier 2022

Ended

Kris Hapers

Bestuurder met raadgevende stem · since 01 janvier 2022

Ended

Achiel Luyten

Director

Ended

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	02/07/2026	01/07/2025	25/04/2025	26/06/2023	04/07/2022	28/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	16/06/2023	24/06/2022	18/06/2021
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, 52 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	02/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	01/07/2025	Dutch	PDF
Full modelCorrection	31/12/2023	28/06/2024	25/04/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	22/07/2024	Dutch	PDF
Full model	31/12/2022	16/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	18/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	19/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	20/06/2016	05/07/2016	Dutch	PDF
Full model	31/12/2014	15/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	17/06/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	18/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	20/06/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	21/06/2010	14/07/2010	Dutch	PDF
Full model	31/12/2008	22/06/2009	13/07/2009	Dutch	PDF
Full model	31/12/2007	16/06/2008	07/07/2008	Dutch	PDF
Full model	31/12/2006	18/06/2007	05/07/2007	Dutch	PDF
Full modelCorrection	31/12/2005	19/06/2006	13/09/2006	Dutch	PDF
Full model	31/12/2005	19/06/2006	05/07/2006	Dutch	PDF
Full model	31/12/2004	20/06/2005	19/07/2005	Dutch	PDF
Full model	31/12/2003	21/06/2004	08/07/2004	Dutch	PDF
Full model	31/12/2002	16/06/2003	03/07/2003	Dutch	PDF
Full model	31/12/2001	01/01/9999	23/07/2002	Dutch	PDF
Full model	31/12/2000	19/06/2001	13/07/2001	Dutch	PDF
Full model	31/12/1999	20/06/2000	18/07/2000	Dutch	PDF
Full model	31/12/1998	15/06/1999	30/06/1999	Dutch	PDF
Full model	31/12/1997	16/06/1998	03/07/1998	Dutch	—
Full model	31/12/1996	17/06/1997	02/07/1997	Dutch	—
Full model	31/12/1995	18/06/1996	26/06/1996	Dutch	—
Full model	31/12/1994	20/06/1995	30/06/1995	Dutch	—
Full model	31/12/1993	21/06/1994	30/06/1994	Dutch	—
Full model	31/12/1992	15/06/1993	06/07/1993	Dutch	—
Full model	31/12/1991	16/06/1992	10/07/1992	Dutch	—
Full model	31/12/1990	18/06/1991	08/07/1991	Dutch	—
m930-p	31/12/1989	19/06/1990	29/06/1990	Dutch	—
m930-p	31/12/1988	20/06/1989	07/07/1989	Dutch	—
m930-p	31/12/1987	31/05/1988	20/06/1988	Dutch	—
m930-p	31/12/1986	02/06/1987	30/06/1987	Dutch	—
m930-p	31/12/1985	03/06/1986	30/06/1986	Dutch	—
m930-p	31/12/1984	04/06/1985	25/06/1985	English	—
m903-p	31/12/1983	05/06/1984	06/07/1984	English	—
m903-p	31/12/1982	07/06/1983	30/09/1983	English	—
m903-p	31/12/1981	01/06/1982	30/09/1983	English	—
m903-p	31/12/1980	01/01/9999	30/09/1983	English	—
m903-p	31/12/1979	01/01/9999	04/07/1983	English	—
m903-p	31/12/1978	01/01/9999	04/07/1983	English	—
m903-p	31/12/1977	01/01/9999	03/07/1979	English	—
m949-p	31/12/1976	01/01/9999	03/07/1979	English	—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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

16 active · 239 ended

Active mandates

Danny Van de Velde

Director · since 28 mars 2025

Active

David Geerts

Director · since 28 mars 2025

Active

Guy Echelpoels

Director · since 28 mars 2025

Active

Hans De Groof

Director · since 28 mars 2025

Active

Inge Bruynooghe

Director · since 28 mars 2025

Active

Ingrid Meulders

Director · since 28 mars 2025

Active

Jeroen De Jonghe

Director · since 28 mars 2025

Active

Kathleen Helsen

Director · since 28 mars 2025

Active

Katrien Somers

Director · since 28 mars 2025

Active

Kris Verbeeck

Director · since 28 mars 2025

Active

Lukas Jacobs

Director · since 28 mars 2025

Active

Nathalie Obbers

Director · since 28 mars 2025

Active

Peter Hannes

Director · since 28 mars 2025

Active

Kris Gebruers

Director

Active

Mieke Van den Brande

Chairman of the board of directors

Active

Sven Deckers

Bestuurder met raadgevende stem

Active

Ended mandates

Liesbeth Bardyn

Director · since 01 janvier 2023

Ended

Jenne Meyvis

Director · since 01 janvier 2022

Ended

Kris Hapers

Bestuurder met raadgevende stem · since 01 janvier 2022

Ended

Achiel Luyten

Director

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/06/2025
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring21/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares06/04/2023
KAPITAAL - AANDELEN
PDF
Capital / shares06/04/2023
KAPITAAL - AANDELEN
PDF
Capital / shares06/04/2023
KAPITAAL - AANDELEN
PDF
Capital / shares06/04/2023
KAPITAAL - AANDELEN
PDF
Capital / shares06/04/2023
KAPITAAL - AANDELEN
PDF
Capital / shares06/04/2023
KAPITAAL - AANDELEN
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 202531,3 M €↑
2024
Annual accounts 2024-20,4 M €↓
2023
Annual accounts 2023660,7 k €↓
17/01/2023
augmentation_capital
2022
Annual accounts 202212,7 M €↓
2021
Annual accounts 202121 M €↓
05/05/2021
augmentation_capital
28/04/2021
augmentation_capital
2020
Annual accounts 202022,5 M €↑
2019
Annual accounts 201917,2 M €↑
2018
Annual accounts 201815,1 M €↑
2017
Annual accounts 2017-44,2 M €↓
2016
Annual accounts 20168,4 M €↓
2015
Annual accounts 201513,8 M €↑
03/12/2015
apport
03/12/2015
augmentation_capital
2014
Annual accounts 201410 M €↑
2013
Annual accounts 20137,2 M €↓
2012
Annual accounts 20129,1 M €↓
2011
Annual accounts 201112,9 M €↑
2010
Annual accounts 201012,9 M €↑
2009
Annual accounts 20099,3 M €↑
2008
Annual accounts 20084,9 M €↓
2007
Annual accounts 20076,4 M €↓
2006
Annual accounts 200610,7 M €
01/01/1968
IncorporationProject leader organization, Flemish Region

Pidpa

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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