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Veolia Environmental Services Belux

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Financial year 2025 · closed on 31/12/2025
Net result
10,8 M €
-52.6% YoY
Revenue
130,1 M €
+0.5% YoY
Equity
397,2 M €
-36.7% YoY
Workforce
626,7 ETP
-0.6% YoY

What does Veolia Environmental Services Belux do?

Veolia Environmental Services Belux is a Public limited company incorporated in 1967. Its main activity is: Treatment and disposal of non-hazardous waste. Its registered office is in Saint-Gilles. It employs on average 626,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0403.316.397
Incorporation
09/01/1967
Legal form
Public limited company
Registered office
Boulevard Poincaré 78-79
1060 Saint-Gilles · BruxellesSee on map
Contributed capital
222 527 600,39 €
Latest accounts
31/12/2025
Average workforce
626,7 ETP
Activities (NACE)
38219Treatment and disposal of non-hazardous waste· main38330Materials recovery64200Activities of holding companies64210Activities of holding companies90021Support activities to performing arts38219Treatment and disposal of non-hazardous waste+1
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue130,1 M €129,4 M €122,1 M €126,8 M €111,8 M €109,7 M €118,1 M €119,2 M €106,8 M €95,8 M €81,9 M €58,3 M €55,8 M €43,2 M €39,8 M €37,8 M €41,6 M €43,3 M €39,4 M €29,1 M €
EBITDA5,6 M €18 M €26,9 M €21,9 M €13,9 M €12,6 M €15,5 M €12,6 M €12,3 M €17,4 M €11,4 M €5,5 M €10,9 M €5,3 M €5,5 M €7,9 M €6,6 M €7,4 M €6,2 M €4,9 M €
Operating result5,9 M €15,9 M €26 M €20,4 M €10,7 M €8 M €10,8 M €8,3 M €8,2 M €13,4 M €7,7 M €2,1 M €7,5 M €2,6 M €3,1 M €5,4 M €4,3 M €4,8 M €3,7 M €2,4 M €
Net result10,8 M €22,7 M €15,7 M €21,5 M €10,5 M €4,9 M €6,9 M €9,5 M €5,5 M €13 M €20,8 M €-6,5 M €60,2 M €22,9 M €29,7 M €34,9 M €32,5 M €18,7 M €14,7 M €11,7 M €
Balance sheet
Equity397,2 M €627,2 M €400,7 M €400,7 M €400,8 M €411,7 M €411,7 M €414,9 M €434,9 M €429,4 M €416,3 M €407,6 M €414,2 M €375 M €373,1 M €366,4 M €356,5 M €367,8 M €362,1 M €357,7 M €
Total assets520,3 M €745,6 M €543,7 M €525,3 M €497,6 M €471,1 M €487,1 M €483,8 M €513,6 M €497 M €649,6 M €456,1 M €465,8 M €496,5 M €499,6 M €496,1 M €591,8 M €554,9 M €566,9 M €569,6 M €
Cash13,6 M €9 M €6,5 k €553,1 k €154,1 k €217,7 k €165,8 k €159,7 k €201,1 k €7,2 k €1,5 k €–265 €332,4 €499 €600 €2 M €1,6 M €4,3 M €2,1 M €
Debts121,8 M €116 M €141,8 M €122,9 M €93,5 M €55 M €68,7 M €66,1 M €75,1 M €64,5 M €231,7 M €46,4 M €48,7 M €118,8 M €123,9 M €125,8 M €230,1 M €178,9 M €195,5 M €202,1 M €
Other
Workforce626,7 ETP630,3 ETP652,3 ETP611,3 ETP607,5 ETP613,4 ETP629,4 ETP601,8 ETP493,3 ETP382,4 ETP309,3 ETP172,8 ETP152,4 ETP68,0 ETP41,8 ETP41,9 ETP42,5 ETP42,3 ETP42,4 ETP28,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 39 ended

Active mandates

Richard Kirkman

Director · since 02 avril 2026 · until 26 juin 2029

Active
Franck Arlen

Director · since 24 juin 2025 · until 26 juin 2029

Active
Philippe TYCHON

Chairman of the board of directors · since 27 juin 2023 · until 26 juin 2029

Active

Ended mandates

Gavin GRAVESON

Director · since 25 juin 2024 · until 26 juin 2029

Ended
Eric TRODOUX

Director · since 28 juin 2022 · until 23 juin 2026

Ended
Nicolas GERMOND

Director · since 28 juin 2022 · until 23 juin 2026

Ended
David Palmer Jones

Director · since 23 juin 2020 · until 31 décembre 2021

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/08/202611/07/202512/07/202424/07/202306/07/202224/06/2021
General meeting26/06/202624/06/202525/06/202427/06/202328/06/202222/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

40 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202624/08/2026FrenchPDF
Full model31/12/202526/06/202624/08/2026DutchPDF
Full model31/12/202424/06/202511/07/2025DutchPDF
Full model31/12/202424/06/202503/07/2025FrenchPDF
Full model31/12/202325/06/202412/07/2024DutchPDF
Full model31/12/202325/06/202412/07/2024FrenchPDF
Full model31/12/202227/06/202324/07/2023DutchPDF
Full model31/12/202227/06/202324/07/2023FrenchPDF
Full model31/12/202128/06/202206/07/2022FrenchPDF
Full model31/12/202128/06/202206/07/2022DutchPDF
Full model31/12/202022/06/202124/06/2021DutchPDF
Full model31/12/202022/06/202124/06/2021FrenchPDF
Full model31/12/201925/06/202008/07/2020FrenchPDF
Full model31/12/201925/06/202008/07/2020DutchPDF
Full model31/12/201825/06/201908/07/2019DutchPDF
Full model31/12/201825/06/201908/07/2019FrenchPDF
Full model31/12/201726/06/201811/07/2018DutchPDF
Full model31/12/201726/06/201811/07/2018FrenchPDF
Full model31/12/201630/06/201701/08/2017DutchPDF
Full model31/12/201630/06/201731/07/2017FrenchPDF
Full model31/12/201528/06/201606/07/2016DutchPDF
Full model31/12/201528/06/201606/07/2016FrenchPDF
Full model31/12/201423/06/201529/07/2015DutchPDF
Full model31/12/201423/06/201528/07/2015FrenchPDF

View all 40 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 39 ended

Active mandates

Richard Kirkman

Director · since 02 avril 2026 · until 26 juin 2029

Active
Franck Arlen

Director · since 24 juin 2025 · until 26 juin 2029

Active
Philippe TYCHON

Chairman of the board of directors · since 27 juin 2023 · until 26 juin 2029

Active

Ended mandates

Gavin GRAVESON

Director · since 25 juin 2024 · until 26 juin 2029

Ended
Eric TRODOUX

Director · since 28 juin 2022 · until 23 juin 2026

Ended
Nicolas GERMOND

Director · since 28 juin 2022 · until 23 juin 2026

Ended
David Palmer Jones

Director · since 23 juin 2020 · until 31 décembre 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares22/10/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares22/10/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates12/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other01/04/2025
    DIVERSEN
    PDF
  • Mandates01/04/2025
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 27/03/2026
    nominationRichard Kirkman — bestuurder
  2. 27/03/2026
    nominationRichard Kirkman — administrateur
  3. 2025
    Annual accounts 202510,8 M €↓
  4. 20/10/2025
    reduction_capital
  5. 24/06/2025
    nominationFranck Arlen — administrateur
  6. 24/06/2025
    nominationDeloitte Réviseurs d'Entreprises SRL — commissaire
  7. 17/02/2025
    nominationVincent MOON — Directeur van Circpack
  8. 2024
    Annual accounts 202422,7 M €↑
  9. 25/06/2024
    nominationGavin Graveson — administrateur
  10. 25/06/2024
    nominationGavin Graveson — bestuurder
  11. 01/04/2024
    reduction_capital
  12. 29/03/2024
    augmentation_capital
  13. 2023
    Annual accounts 202315,7 M €↓
  14. 27/06/2023
    reconductionPhilippe Tychon — bestuurder
  15. 27/06/2023
    nominationPhilippe Tychon — Voorzitter van de Raad van Bestuur
  16. 27/06/2023
    reconductionPhilippe Tychon — administrateur
  17. 27/06/2023
    nominationPhilippe Tychon — Président du Conseil d'Administration
  18. 2022
    Annual accounts 202221,5 M €↑
  19. 15/09/2022
    nominationKPMG Bedrijfsrevisoren BV — commissaris
  20. 01/07/2022
    nominationEmilie Van Callemont — commissaire
  21. 28/06/2022
    nominationNicolas Germond — bestuurder
  22. 28/06/2022
    nominationNicolas Germond — administrateur
  23. 2021
    Annual accounts 202110,5 M €↑
  24. 2021
    Name changeVEOLIA Environmental Services Belux
  25. 2020
    Annual accounts 20204,9 M €↓
  26. 2019
    Annual accounts 20196,9 M €↓
  27. 2018
    Annual accounts 20189,5 M €↑
  28. 2017
    Annual accounts 20175,5 M €↓
  29. 2016
    Annual accounts 201613 M €↓
  30. 2015
    Annual accounts 201520,8 M €↑
  31. 2015
    Name changeSUEZ R&R Belgium
  32. 2014
    Annual accounts 2014-6,5 M €↓
  33. 2013
    Annual accounts 201360,2 M €↑
  34. 2012
    Annual accounts 201222,9 M €↓
  35. 2011
    Annual accounts 201129,7 M €↓
  36. 2010
    Annual accounts 201034,9 M €↑
  37. 2009
    Annual accounts 200932,5 M €↑
  38. 2008
    Annual accounts 200818,7 M €↑
  39. 2007
    Annual accounts 200714,7 M €↑
  40. 2006
    Annual accounts 200611,7 M €
  41. 2006
    Name changeSITA BELGIUM
  42. 09/01/1967
    IncorporationPublic limited company