SOCIETE WALLONNE DES EAUX
0230.132.005 · rovalta.com · 24/09/2026
ACTIVE
SOCIETE WALLONNE DES EAUX
Financial year 2025 · closed on 31/12/2025
Net result
19,1 M €
+86.3% YoY
Revenue
631,3 M €
+11.1% YoY
Equity
1,5 Md €
+4.0% YoY
Workforce
1 318,2 ETP
+1.0% YoY
Overview
What does SOCIETE WALLONNE DES EAUX do?
SOCIETE WALLONNE DES EAUX is a Cooperative society incorporated in 1986. Its registered office is in Verviers. It employs on average 1 318,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0230.132.005
Incorporation
19/12/1986
Legal form
Cooperative society
Registered office
Rue de la Concorde 41
4800 Verviers · WallonieSee on map
4800 Verviers · WallonieSee on map
Contributed capital
1 107 864 845,55 €
Latest accounts
31/12/2025
Average workforce
1 318,2 ETP
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 631,3 M € | +11.1% | 568,1 M € | -0.3% | 570,1 M € | +4.4% | 545,9 M € | -0.3% | 547,6 M € | -0.6% | 551,1 M € | +1.4% | 543,2 M € | +0.7% | 539,6 M € | +5.8% | 510 M € | +2.6% | 497,2 M € | +3.9% | 478,5 M € | +4.7% | 457,2 M € | +7.6% | 425 M € | +1.1% | 420,2 M € | +6.2% | 395,6 M € | +4.2% | 379,8 M € | +1.3% | 374,8 M € | +11.6% | 335,8 M € | +6.3% | 315,8 M € |
| EBITDA | 149,7 M € | +35.4% | 110,6 M € | -2.7% | 113,7 M € | +19.0% | 95,5 M € | +40.3% | 68,1 M € | -44.3% | 122,3 M € | +10.1% | 111 M € | -8.9% | 121,9 M € | +1.3% | 120,3 M € | +2.9% | 116,9 M € | -2.0% | 119,4 M € | +8.0% | 110,5 M € | +8.5% | 101,9 M € | +5.6% | 96,4 M € | -5.1% | 101,6 M € | +10.8% | 91,7 M € | +39.6% | 65,7 M € | +6.2% | 61,8 M € | +2.6% | 60,3 M € |
| Operating result | 24,9 M € | +330% | -10,8 M € | -251% | 7,2 M € | +316% | -3,3 M € | +90.3% | -34,2 M € | -448% | 9,8 M € | +177% | 3,6 M € | -71.5% | 12,4 M € | +6.0% | 11,7 M € | -6.7% | 12,6 M € | -36.1% | 19,7 M € | +76.6% | 11,1 M € | +203% | 3,7 M € | -57.0% | 8,5 M € | -53.9% | 18,5 M € | +38.5% | 13,4 M € | +223% | -10,8 M € | -22.3% | -8,9 M € | +38.8% | -14,5 M € |
| Net result | 19,1 M € | +86.3% | 10,3 M € | +67.9% | 6,1 M € | +251% | -4 M € | +88.3% | -34,4 M € | -16522% | 209,8 k € | -91.9% | 2,6 M € | -71.2% | 9 M € | +33.7% | 6,7 M € | +33.9% | 5 M € | -57.8% | 11,9 M € | +331% | 2,8 M € | +143% | -6,4 M € | -989% | 724,4 k € | -92.8% | 10,1 M € | -4.9% | 10,6 M € | +177% | -13,8 M € | -174% | -5 M € | +65.8% | -14,7 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 1,5 Md € | +4.0% | 1,5 Md € | +2.4% | 1,4 Md € | +2.3% | 1,4 Md € | +0.8% | 1,4 Md € | -3.7% | 1,4 Md € | +0.8% | 1,4 Md € | +1.5% | 1,4 Md € | +1.3% | 1,4 Md € | +3.8% | 1,3 Md € | +1.5% | 1,3 Md € | +1.9% | 1,3 Md € | +1.1% | 1,3 Md € | +0.5% | 1,3 Md € | +8.4% | 1,2 Md € | -0.7% | 1,2 Md € | +2.5% | 1,2 Md € | -1.1% | 1,2 Md € | +0.8% | 1,2 Md € |
| Total assets | 2,6 Md € | +7.9% | 2,4 Md € | +7.1% | 2,2 Md € | +6.4% | 2,1 Md € | +2.2% | 2 Md € | -6.2% | 2,2 Md € | +3.6% | 2,1 Md € | +3.5% | 2 Md € | -1.6% | 2,1 Md € | +1.3% | 2 Md € | +0.0% | 2 Md € | +8.6% | 1,9 Md € | +1.3% | 1,8 Md € | +0.1% | 1,8 Md € | +12.7% | 1,6 Md € | +0.9% | 1,6 Md € | -3.9% | 1,7 Md € | +0.9% | 1,7 Md € | +8.8% | 1,5 Md € |
| Cash | 39,3 M € | +90.2% | 20,7 M € | -23.0% | 26,8 M € | +42.0% | 18,9 M € | -59.3% | 46,4 M € | -74.6% | 182,6 M € | +40.2% | 130,3 M € | +20.3% | 108,3 M € | -28.9% | 152,4 M € | -0.5% | 153,2 M € | -4.3% | 160,1 M € | +90.2% | 84,2 M € | +30.3% | 64,6 M € | -31.6% | 94,4 M € | +479% | 16,3 M € | +18.5% | 13,8 M € | +86.3% | 7,4 M € | -32.2% | 10,9 M € | +46.0% | 7,5 M € |
| Debts | 1 Md € | +14.8% | 873,8 M € | +16.1% | 752,5 M € | +15.9% | 649,1 M € | +5.8% | 613,7 M € | -11.2% | 691,2 M € | +10.4% | 626,1 M € | +6.4% | 588,4 M € | -8.0% | 639,8 M € | -4.3% | 668,3 M € | -2.9% | 688,5 M € | +24.6% | 552,6 M € | +1.7% | 543,3 M € | -1.1% | 549,2 M € | +24.3% | 441,9 M € | +4.8% | 421,8 M € | -18.2% | 515,8 M € | +6.1% | 486,1 M € | +37.0% | 354,8 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 1 318,2 ETP | +1.0% | 1 304,8 ETP | +2.7% | 1 270,3 ETP | -2.7% | 1 306,2 ETP | -2.5% | 1 339,7 ETP | +0.3% | 1 335,8 ETP | +0.8% | 1 325,6 ETP | +0.7% | 1 316,1 ETP | -0.9% | 1 328,4 ETP | -2.2% | 1 357,7 ETP | -2.4% | 1 390,8 ETP | -2.8% | 1 430,8 ETP | -4.5% | 1 499,0 ETP | -4.1% | 1 562,5 ETP | -2.8% | 1 606,7 ETP | -0.1% | 1 608,2 ETP | -0.2% | 1 611,0 ETP | +0.4% | 1 604,8 ETP | -1.9% | 1 635,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 250 M€ and 500 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 20 active · 179 ended
Active mandates
Olivier HENRY
ActiveRachid BOUKAMIR
ActiveAdrien GRABARSKI
ActiveCédric JACQUET
ActiveDenis VAN EECKHOUT
ActiveDiego SANGES
ActiveEmmanuelle VANDAMME
ActiveJessica MAYON
ActiveKristel KARLER
ActiveLaurent LEVEQUE
ActiveMarine WINAND
ActiveMireille FRANCOTTE
ActiveStéphane NICOLAS
ActiveThomas SALDEN
ActiveBrieuc QUEVY
ActiveChristian LERICHE
ActiveChristina DEWART
ActiveIngrid POTY
ActiveSimon DETHIER
ActiveSébastien BERTRAND
ActiveEnded mandates
Adrien GRABARSKI
EndedAurore TOURNEUR
EndedAurore TOURNEUR
EndedChristian LERICHE
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
MAINVAULT● Active | 1011.734.051 |
| 0407.660.811 | |
SERVICE SOCIAL DE LA SOCIETE WALLONNE DES EAUX● Liquidation | 0447.447.439 |
SOCIETE DE FINANCEMENT DES EAUX● Active | 0466.557.627 |
Financials
Annual accounts
Full financial information
| 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 | 26/06/2026 | 27/06/2025 | 28/06/2024 | 20/06/2023 | 22/12/2022 | 02/06/2021 |
| General meeting | 26/05/2026 | 27/05/2025 | 28/05/2024 | 30/05/2023 | 31/05/2022 | 25/05/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
24 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 26/05/2026 | 26/06/2026 | French | |
| Full model | 31/12/2024 | 27/05/2025 | 27/06/2025 | French | |
| Full model | 31/12/2023 | 28/05/2024 | 28/06/2024 | French | |
| Full model | 31/12/2022 | 30/05/2023 | 20/06/2023 | French | |
| Full modelCorrection | 31/12/2021 | 31/05/2022 | 22/12/2022 | French | |
| Full model | 31/12/2021 | 31/05/2022 | 28/06/2022 | French | |
| Full model | 31/12/2020 | 25/05/2021 | 02/06/2021 | French | |
| Full model | 31/12/2019 | 26/05/2020 | 19/06/2020 | French | |
| Full modelCorrection | 31/12/2018 | 28/05/2019 | 24/10/2019 | French | |
| Full model | 31/12/2018 | 28/05/2019 | 19/06/2019 | French | |
| Full modelCorrection | 31/12/2017 | 29/05/2018 | 20/03/2019 | French | |
| Full model | 31/12/2017 | 29/05/2018 | 14/06/2018 | French | |
| Full model | 31/12/2016 | 30/05/2017 | 15/06/2017 | French | |
| Full model | 31/12/2015 | 31/05/2016 | 21/06/2016 | French | |
| Full model | 31/12/2014 | 26/05/2015 | 15/06/2015 | French | |
| Full model | 31/12/2013 | 27/05/2014 | 13/06/2014 | French | |
| Full model | 31/12/2012 | 28/05/2013 | 20/06/2013 | French | |
| Full model | 31/12/2011 | 29/05/2012 | 26/06/2012 | French | |
| Full modelCorrection | 31/12/2010 | 31/05/2011 | 04/10/2011 | French | |
| Full model | 31/12/2010 | 31/05/2011 | 28/06/2011 | French | |
| Full model | 31/12/2009 | 25/05/2010 | 23/06/2010 | French | |
| Full model | 31/12/2008 | 26/05/2009 | 26/06/2009 | French | |
| Full model | 31/12/2007 | 27/05/2008 | 25/06/2008 | French | |
| Full model | 31/12/2006 | 29/05/2007 | 02/08/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 M€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 20 active · 179 ended
Active mandates
Olivier HENRY
ActiveRachid BOUKAMIR
ActiveAdrien GRABARSKI
ActiveCédric JACQUET
ActiveDenis VAN EECKHOUT
ActiveDiego SANGES
ActiveEmmanuelle VANDAMME
ActiveJessica MAYON
ActiveKristel KARLER
ActiveLaurent LEVEQUE
ActiveMarine WINAND
ActiveMireille FRANCOTTE
ActiveStéphane NICOLAS
ActiveThomas SALDEN
ActiveBrieuc QUEVY
ActiveChristian LERICHE
ActiveChristina DEWART
ActiveIngrid POTY
ActiveSimon DETHIER
ActiveSébastien BERTRAND
ActiveEnded mandates
Adrien GRABARSKI
EndedAurore TOURNEUR
EndedAurore TOURNEUR
EndedChristian LERICHE
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other17/11/2025DIVERS
- Mandates17/10/2025DEMISSIONS, NOMINATIONS
- Mandates08/07/2025DEMISSIONS, NOMINATIONS
- Mandates10/04/2025DEMISSIONS, NOMINATIONS
- Mandates27/02/2024DEMISSIONS, NOMINATIONS
- Other20/12/2023STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates02/02/2023DEMISSIONS, NOMINATIONS
- Mandates08/07/2022DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202519,1 M €↑
- 28/08/2025nominationRachid BOUKAMIR — administrateur représentant la région
- 28/08/2025nominationOlivier HENRY — administrateur représentant la région
- 18/06/2025nominationStéphane NICOLAS — président
- 18/06/2025nominationThomas SALDEN — administrateur
- 18/06/2025nominationJessica MAYON — administrateur
- 18/06/2025nominationEmmanuelle VANDAMME — vice-présidente du Conseil d'administration
- 18/06/2025nominationAdrien GRABARSKI — administrateur
- 18/06/2025nominationCédric JACQUET — administrateur
- 18/06/2025nominationMarine WINAND — administrateur
- 18/06/2025nominationMireille FRANCOTTE — administrateur
- 18/06/2025nominationKristel KARLER — administrateur
- 18/06/2025nominationDiego SANGES — administrateur
- 18/06/2025nominationDenis VAN EECKHOUT — administrateur
- 27/05/2025reconductionOlivier HUBERT — Président du Collège des commissaires aux comptes
- 20/02/2025nominationWINAND Marine — administratrice
- 2024Annual accounts 202410,3 M €↑
- 19/03/2024nominationNicolas PIRE — membre du Comité de direction
- 01/01/2024nominationDenis Van Eeckhout — président du Conseil d'administration
- 01/01/2024nominationThomas Salden — vice-président du Conseil d'administration
- 01/01/2024nominationKristel Karler — administrateur
- 01/01/2024nominationMireille Francotte — administrateur
- 01/01/2024nominationDiego Sanges — administrateur
- 01/01/2024nominationChristian Leriche — administrateur
- 01/01/2024nominationChristina Dewart — administrateur
- 01/01/2024nominationIngrid Poty — administrateur
- 01/01/2024nominationEmmanuelle Vandamme — administrateur
- 01/01/2024nominationAdrien Grabarski — administrateur
- 01/01/2024nominationAurore Tourneur — administrateur
- 01/01/2024nominationSimon Dethier — administrateur
- 01/01/2024nominationIsabelle JEURISSEN — membre du Comité de direction
- 01/01/2024nominationEric VAN SEVENANT — Président du Comité de direction
- 01/01/2024nominationEric SMIT — membre du Comité de direction
- 2023Annual accounts 20236,1 M €↑
- 2022Annual accounts 2022-4 M €↑
- 19/07/2022nominationAdrien GRABARSKI — administrateur
- 31/05/2022reconductionOlivier HUBERT — Président du Collège des commissaires aux comptes
- 2022Name changeSWDE
- 2021Annual accounts 2021-34,4 M €↓
- 2020Annual accounts 2020209,8 k €↓
- 2019Annual accounts 20192,6 M €↓
- 2018Annual accounts 20189 M €↑
- 2017Annual accounts 20176,7 M €↑
- 2016Annual accounts 20165 M €↓
- 2015Annual accounts 201511,9 M €↑
- 2014Annual accounts 20142,8 M €↑
- 2013Annual accounts 2013-6,4 M €↓
- 2012Annual accounts 2012724,4 k €↓
- 2011Annual accounts 201110,1 M €↓
- 2010Annual accounts 201010,6 M €↑
- 2009Annual accounts 2009-13,8 M €↓
- 2008Annual accounts 2008-5 M €↑
- 2007Annual accounts 2007-14,7 M €
- 2007Name changeSOCIETE WALLONNE DES EAUX
- 19/12/1986IncorporationCooperative society