ACTIVE

Water-Link

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Financial year 2025 · Closed on 31/12/2025

Net result16,5 M €-2,4 %over 1 year

Revenue254,5 M €+12,7 %over 1 year

Equity313,7 M €+4,7 %over 1 year

Workforce481,0 ETP-0,6 %over 1 year

Identity

Source · BCE/KBO

Water-Link is a Project leader organization, Flemish Region incorporated in 1968. Its main activity is: Water collection, treatment and supply. Its registered office is in Antwerpen. It employs on average 481,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0204.923.881
Incorporation: 14/11/1968
Legal form: Project leader organization, Flemish Region
Registered office: Mechelsesteenweg 66
2018 Antwerpen · FlandreSee on map
Contributed capital: 189 275 046,25 €
Latest accounts: 31/12/2025
Average workforce: 481,0 ETP

Activities (NACE)

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

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 61 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	254,5 M €	+12.7%	225,9 M €	-0.8%	227,6 M €	+6.6%	213,4 M €	+2.6%	208 M €
EBITDA	111,7 M €	+55.8%	71,7 M €	+22.4%	58,6 M €	-5.3%	61,8 M €	+12.5%	55 M €
Operating result	20,2 M €	+49.8%	13,5 M €	+182%	4,8 M €	+252%	-3,1 M €	-130%	10,6 M €
Net result	16,5 M €	-2.4%	16,9 M €	+127%	7,5 M €	+2753%	261,7 k €	-97.3%	9,8 M €
Balance sheet
Equity	313,7 M €	+4.7%	299,7 M €	+4.2%	287,8 M €	+2.3%	281,4 M €	-0.7%	283,5 M €
Total assets	571,5 M €	+5.8%	540,4 M €	+7.0%	505,1 M €	+2.7%	491,8 M €	-0.2%	492,7 M €
Cash	690,7 k €	-76.7%	3 M €	-75.7%	12,2 M €	-52.2%	25,5 M €	-31.7%	37,4 M €
Debts	228 M €	+11.7%	204 M €	+10.5%	184,6 M €	+0.9%	182,9 M €	+2.0%	179,4 M €
Other
Workforce	481,0 ETP	-0.6%	484,0 ETP	0.0%	484,0 ETP	-2.0%	494,0 ETP	-2.9%	509,0 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 · 241 ended

Active mandates

Hakim Chadli

Director · since 30 avril 2026

Active

Christof Victor

Director · since 26 mars 2025

Active

Danielle Meirsman

Director · since 26 mars 2025

Active

Dirk Van de Poel

Vice-chairman of the board of directors · since 26 mars 2025

Active

Elke Brydenbach

Director · since 26 mars 2025

Active

Ellen Stevens

Director · since 26 mars 2025

Active

Jitse Born

Director · since 26 mars 2025

Active

Ken Casier

Chairman of the board of directors · since 26 mars 2025

Active

Koen Palinckx

Director · since 26 mars 2025

Active

Paul Cordy

Director · since 26 mars 2025

Active

Rik Van Herpen

Director · since 26 mars 2025

Active

Sandra Maes

Director · since 26 mars 2025

Active

Sven Lievens

Director · since 26 mars 2025

Active

Tatjana Scheck

Director · since 26 mars 2025

Active

Sven Vlietinck

Director · until 05 mars 2026

Active

Tjerk Sekeris

Director

Active

Ended mandates

Samuel Markowitz

Director · since 14 décembre 2023 · until 26 mars 2025

Ended

Samuel Markowitz

Director · since 14 décembre 2023 · until 28 mars 2025

Ended

Sven Vlietinck

Director · since 14 décembre 2023 · until 28 mars 2025

Ended

Sven Vlietinck

Director · since 14 décembre 2023

Ended

Other companies at this address

Mechelsesteenweg 66 2018 Antwerpen

Company	CBE no.
Instelling voor bedrijfspensioenvoorziening water-link● Active	0476.567.235

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	09/07/2026	08/07/2025	20/06/2024	29/06/2023	28/06/2022	05/07/2021
General meeting	25/06/2026	30/06/2025	13/06/2024	08/06/2023	09/06/2022	10/06/2021
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, 61 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	08/07/2025	Dutch	PDF
Full model	31/12/2023	13/06/2024	20/06/2024	Dutch	PDF
Full model	31/12/2022	08/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	09/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	10/06/2021	05/07/2021	Dutch	PDF
Full model	31/12/2019	11/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	08/07/2019	15/07/2019	Dutch	PDF
Consolidated accounts	31/12/2018	08/07/2019	24/07/2019	Dutch	PDF
Full model	31/12/2017	14/06/2018	27/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	14/06/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	15/06/2017	03/07/2017	Dutch	PDF
Consolidated accounts	31/12/2016	15/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	30/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	16/06/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	17/12/2015	21/12/2015	Dutch	PDF
Consolidated accounts	31/12/2014	17/12/2015	21/12/2015	Dutch	PDF
Full model	31/12/2013	26/06/2014	27/06/2014	Dutch	PDF
Consolidated accounts	31/12/2013	26/06/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	19/06/2013	21/06/2013	Dutch	PDF
Consolidated accounts	31/12/2012	01/01/9999	21/06/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	19/06/2012	Dutch	PDF
Consolidated accounts	31/12/2011	14/06/2012	19/06/2012	Dutch	PDF
Full model	31/12/2010	16/06/2011	27/06/2011	Dutch	PDF

View all 61 filings

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 · 241 ended

Active mandates

Hakim Chadli

Director · since 30 avril 2026

Active

Christof Victor

Director · since 26 mars 2025

Active

Danielle Meirsman

Director · since 26 mars 2025

Active

Dirk Van de Poel

Vice-chairman of the board of directors · since 26 mars 2025

Active

Elke Brydenbach

Director · since 26 mars 2025

Active

Ellen Stevens

Director · since 26 mars 2025

Active

Jitse Born

Director · since 26 mars 2025

Active

Ken Casier

Chairman of the board of directors · since 26 mars 2025

Active

Koen Palinckx

Director · since 26 mars 2025

Active

Paul Cordy

Director · since 26 mars 2025

Active

Rik Van Herpen

Director · since 26 mars 2025

Active

Sandra Maes

Director · since 26 mars 2025

Active

Sven Lievens

Director · since 26 mars 2025

Active

Tatjana Scheck

Director · since 26 mars 2025

Active

Sven Vlietinck

Director · until 05 mars 2026

Active

Tjerk Sekeris

Director

Active

Ended mandates

Samuel Markowitz

Director · since 14 décembre 2023 · until 26 mars 2025

Ended

Samuel Markowitz

Director · since 14 décembre 2023 · until 28 mars 2025

Ended

Sven Vlietinck

Director · since 14 décembre 2023 · until 28 mars 2025

Ended

Sven Vlietinck

Director · since 14 décembre 2023

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/09/2026
Ontslag en benoeming bestuurder
PDF
Capital / shares28/01/2026
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/04/2024
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

01/01/2026
reduction_capital
2025
Annual accounts 202516,5 M €↓
30/06/2025
reconductionGrant Thornton Bedrijfsrevisoren — commissaris-revisor
30/06/2025
reconductionStefaan De Coninck — commissaris
08/05/2025
nominationKen Casier — voorzitter van de raad van bestuur
08/05/2025
nominationDirk van De Poel — ondervoorzitter van de raad van bestuur
26/03/2025
nominationKen Casier — bestuurder
26/03/2025
nominationPaul Cordy — bestuurder
26/03/2025
nominationTjerk Sekeris — bestuurder
26/03/2025
nominationElke Brydenbach — bestuurder
26/03/2025
nominationSven Lievens — bestuurder
26/03/2025
nominationKoen Palinckx — bestuurder
26/03/2025
nominationDanielle Meirsman — bestuurder
26/03/2025
nominationTatjana Scheck — bestuurder
26/03/2025
nominationSven Vlietinck — bestuurder
26/03/2025
nominationDirk Van de Poel — bestuurder
26/03/2025
nominationRik Van Herpen — bestuurder
26/03/2025
nominationEllen Stevens — bestuurder
26/03/2025
nominationSandra Maes — bestuurder
26/03/2025
nominationJitse Born — bestuurder
26/03/2025
nominationChristof Victor — bestuurder
2024
Annual accounts 202416,9 M €↑
2023
Annual accounts 20237,5 M €↑
14/12/2023
nominationSamuel Markowitz — bestuurder
14/12/2023
nominationSven Vlietinck — bestuurder
2022
Annual accounts 2022261,7 k €↓
25/05/2022
nominationGodelieve Voets — bestuurder
23/02/2022
nominationErica Caluwaerts — bestuurder
2021
Annual accounts 20219,8 M €↑
2020
Annual accounts 20207,1 M €↓
2019
Annual accounts 201932,4 M €↑
2018
Annual accounts 2018-6,1 M €↓
2017
Annual accounts 20178,8 M €↓
2016
Annual accounts 201613,7 M €↑
2015
Annual accounts 201513,1 M €↓
2014
Annual accounts 201425,6 M €↑
2013
Annual accounts 201317,4 M €↑
2012
Annual accounts 201217,2 M €↓
2011
Annual accounts 201123,4 M €↑
2010
Annual accounts 201021,1 M €↑
2009
Annual accounts 20094,4 M €↑
2008
Annual accounts 2008-2 M €↓
2007
Annual accounts 20072,9 M €
14/11/1968
IncorporationProject leader organization, Flemish Region

Water-Link

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