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Intercommunale Waterleidingsmaatschappij van Veurne Ambacht

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Financial year 2025 · Closed on 31/12/2025

Net result2,6 M €+1,5 %over 1 year

Revenue26,5 M €+15,7 %over 1 year

Equity52,9 M €+13,3 %over 1 year

Workforce42,8 ETP-0,7 %over 1 year

Identity

Source · BCE/KBO

Intercommunale Waterleidingsmaatschappij van Veurne Ambacht is a Project leader organization, Flemish Region incorporated in 1924. Its main activity is: Water collection, treatment and supply. Its registered office is in Koksijde. It employs on average 42,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0205.264.668
Incorporation: 24/12/1924
Legal form: Project leader organization, Flemish Region
Registered office: Doornpannestraat(Odk) 1
8670 Koksijde · FlandreSee on map
Contributed capital: 2 049 750,00 €
Latest accounts: 31/12/2025
Average workforce: 42,8 ETP

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 50 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	26,5 M €	+15.7%	22,9 M €	-1.0%	23,1 M €	+4.9%	22,1 M €	+1.6%	21,7 M €
EBITDA	5 M €	+19.7%	4,2 M €	+7.3%	3,9 M €	-11.5%	4,4 M €	-2.0%	4,5 M €
Operating result	1,9 M €	+3.3%	1,8 M €	+188%	630,3 k €	-57.6%	1,5 M €	-18.3%	1,8 M €
Net result	2,6 M €	+1.5%	2,6 M €	+102%	1,3 M €	-36.2%	2 M €	-15.6%	2,4 M €
Balance sheet
Equity	52,9 M €	+13.3%	46,7 M €	+8.9%	42,9 M €	+12.7%	38 M €	+5.2%	36,2 M €
Total assets	99,1 M €	+10.9%	89,3 M €	+6.1%	84,2 M €	+10.0%	76,6 M €	+8.3%	70,7 M €
Cash	164,5 k €	-4.8%	172,8 k €	-95.9%	4,2 M €	-18.0%	5,1 M €	+5.6%	4,8 M €
Debts	10,2 M €	+16.3%	8,7 M €	-5.8%	9,3 M €	+11.5%	8,3 M €	+39.4%	6 M €
Other
Workforce	42,8 ETP	-0.7%	43,1 ETP	-3.4%	44,6 ETP	+3.0%	43,3 ETP	-6.9%	46,5 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

21 active · 78 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Anne-Stephanie LESCROART	Director	since 11/12/2025
Ben PEPERSTRAETE	Vice-chairman of the board of directors	since 11/12/2025	000
Bert GUNST	Director	since 11/12/2025	000
Gerard LIEFOOGHE	Director	since 11/12/2025
Leen WARREYN	Director	since 11/12/2025
Martin OBIN	Director	since 11/12/2025
Stéphanie ANSEEUW	Director	since 11/12/2025
Björn COOLS	Director	since 27/03/2025	000
Gerard LIEFOOGHE	Vice-chairman of the board of directors	27/03/2025 → 10/12/2025
Hanne NEYTS	Director	27/03/2025 → 10/12/2025	000
Koen COUPILLIE	Director	27/03/2025 → 10/12/2025
Michèle NOTE	Director	27/03/2025 → 10/12/2025
Wim JANSSENS	Chairman of the board of directors	since 27/03/2025	00
Arnel LEMAIRE	Director	31/05/2024 → 26/03/2025	000
Gerard LIEFOOGHE	Vice-chairman of the board of directors	10/04/2019 → 26/03/2025
Marc VANDEN BUSSCHE	Chairman of the board of directors	10/04/2019 → 26/03/2025
Anne DEQUIDT	Director	29/03/2019 → 26/03/2025	00
Bram DEGRIECK	Director	29/03/2019 → 26/03/2025
Geert VANDEN BROUCKE	Director	29/03/2019 → 26/03/2025	00
Katleen WINNE	Director	29/03/2019 → 26/03/2025
Wouter VANLOUWE	Mandate		000

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Arnel LEMAIRE	Director	since 31/05/2024	000
Elwin VAN HERCK	Director	16/05/2023 → 31/05/2024	00
Johan BLIECK	Director	27/05/2022 → 16/05/2023	000
Dirk KESTELOOT	Director	26/05/2021 → 27/05/2022

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	03/06/2026	23/12/2025	06/06/2024	08/06/2023	26/08/2022	02/06/2021
General meeting	21/05/2026	21/05/2025	31/05/2024	16/05/2023	27/05/2022	26/05/2021
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, 50 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/05/2026	03/06/2026	Dutch	PDF
Full modelCorrection	31/12/2024	21/05/2025	23/12/2025	Dutch	PDF
Full model	31/12/2024	21/05/2025	06/06/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	06/06/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	08/06/2023	Dutch	PDF
Full model	31/12/2021	27/05/2022	26/08/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	02/06/2021	Dutch	PDF
Full model	31/12/2019	20/05/2020	02/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	06/06/2018	Dutch	PDF
Full model	31/12/2016	24/05/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	23/05/2014	17/06/2014	Dutch	PDF
Full model	31/12/2012	24/05/2013	11/06/2013	Dutch	PDF
Full model	31/12/2011	25/05/2012	30/05/2012	Dutch	PDF
Full model	31/12/2010	27/05/2011	06/06/2011	Dutch	PDF
Full model	31/12/2009	21/05/2010	03/06/2010	Dutch	PDF
Full model	31/12/2008	20/05/2009	29/05/2009	Dutch	PDF
Full model	31/12/2007	23/05/2008	10/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	29/05/2007	Dutch	PDF
Full model	31/12/2005	23/05/2006	12/06/2006	Dutch	PDF
Full model	31/12/2004	26/05/2005	22/06/2005	Dutch	PDF
Full model	31/12/2003	19/05/2004	14/06/2004	Dutch	PDF

View all 50 filings

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

21 active · 78 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Anne-Stephanie LESCROART	Director	since 11/12/2025
Ben PEPERSTRAETE	Vice-chairman of the board of directors	since 11/12/2025	000
Bert GUNST	Director	since 11/12/2025	000
Gerard LIEFOOGHE	Director	since 11/12/2025
Leen WARREYN	Director	since 11/12/2025
Martin OBIN	Director	since 11/12/2025
Stéphanie ANSEEUW	Director	since 11/12/2025
Björn COOLS	Director	since 27/03/2025	000
Gerard LIEFOOGHE	Vice-chairman of the board of directors	27/03/2025 → 10/12/2025
Hanne NEYTS	Director	27/03/2025 → 10/12/2025	000
Koen COUPILLIE	Director	27/03/2025 → 10/12/2025
Michèle NOTE	Director	27/03/2025 → 10/12/2025
Wim JANSSENS	Chairman of the board of directors	since 27/03/2025	00
Arnel LEMAIRE	Director	31/05/2024 → 26/03/2025	000
Gerard LIEFOOGHE	Vice-chairman of the board of directors	10/04/2019 → 26/03/2025
Marc VANDEN BUSSCHE	Chairman of the board of directors	10/04/2019 → 26/03/2025
Anne DEQUIDT	Director	29/03/2019 → 26/03/2025	00
Bram DEGRIECK	Director	29/03/2019 → 26/03/2025
Geert VANDEN BROUCKE	Director	29/03/2019 → 26/03/2025	00
Katleen WINNE	Director	29/03/2019 → 26/03/2025
Wouter VANLOUWE	Mandate		000

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Arnel LEMAIRE	Director	since 31/05/2024	000
Elwin VAN HERCK	Director	16/05/2023 → 31/05/2024	00
Johan BLIECK	Director	27/05/2022 → 16/05/2023	000
Dirk KESTELOOT	Director	26/05/2021 → 27/05/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other30/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2019
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/12/2017
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other27/05/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/06/2007
ONTSLAGEN - BENOEMINGEN
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 20252,6 M €↑
27/03/2025
nominationWim Janssens · voorzitter
27/03/2025
nominationGerard Liefooghe · ondervoorzitter
27/03/2025
nominationKoen Coupillie · bestuurder
27/03/2025
nominationBjörn Cools · bestuurder
27/03/2025
nominationHanne Neyts · bestuurder
27/03/2025
nominationMichèle Note · bestuurder
2024
Annual accounts 20242,6 M €↑
2023
Annual accounts 20231,3 M €↓
2022
Annual accounts 20222 M €↓
2021
Annual accounts 20212,4 M €↑
2020
Annual accounts 20202 M €↑
2019
Annual accounts 20191,6 M €↓
2018
Annual accounts 20182,5 M €↑
2017
Annual accounts 20172,1 M €↓
2016
Annual accounts 20162,3 M €↑
2015
Annual accounts 20151,7 M €↓
2014
Annual accounts 20141,8 M €↑
2013
Annual accounts 20131,5 M €↑
2012
Annual accounts 2012969,2 k €↑
2011
Annual accounts 2011440,2 k €↓
2010
Annual accounts 20101,3 M €↑
2009
Annual accounts 20091,3 M €↑
2008
Annual accounts 20081,1 M €↑
2007
Annual accounts 2007932,1 k €↓
2006
Annual accounts 20061,7 M €
24/12/1924
IncorporationProject leader organization, Flemish Region

Intercommunale Waterleidingsmaatschappij van Veurne Ambacht

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