ACTIVE

WE Environnement

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Financial year 2025 · closed on 31/12/2025

Net result

11,5 M €

+102.6% YoY

Gross margin

-505,6 k €

+23.4% YoY

Equity

157,4 M €

+23.1% YoY

Workforce

3,3 ETP

-34.0% YoY

What does WE Environnement do?

WE Environnement is a Public limited company incorporated in 1984. Its main activity is: Activities of holding companies. Its registered office is in Liège. It employs on average 3,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.516.918

Incorporation

19/10/1984

Legal form

Public limited company

Registered office

Avenue Maurice-Destenay 13
4000 Liège · WallonieSee on map

Contributed capital

125 000 000,00 €

Latest accounts

31/12/2025

Average workforce

3,3 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-505,6 k €	+23.4%	-660,1 k €	-452%	-119,7 k €	-141%	294 k €	+57.0%	187,2 k €	+8.6%	172,3 k €	+13.4%	152 k €	+279%	40,1 k €	+131%	-129,5 k €		–		–		–		–		–		–		–		–		–
EBITDA	-1,1 M €	+24.1%	-1,5 M €	-65.1%	-906,9 k €	-24.8%	-726,5 k €	+5.1%	-766 k €	-23.4%	-620,9 k €	-7813%	-7,8 k €	-101%	718,7 k €	+203%	-695,3 k €	+74.2%	-2,7 M €	-300%	-671,9 k €	+3.4%	-695,4 k €	+17.2%	-840,2 k €	+3.6%	-871,4 k €	-3.7%	-840,4 k €	-180%	1 M €	+134%	-3,1 M €	-263%	-848 k €
Operating result	-1,1 M €	+24.0%	-1,5 M €	-64.8%	-909,1 k €	-24.7%	-728,7 k €	+5.2%	-768,3 k €	-23.4%	-622,7 k €	-6378%	-9,6 k €	-101%	717,9 k €	+203%	-695,8 k €	+74.1%	-2,7 M €	-300%	-672,6 k €	+3.3%	-695,8 k €	+17.2%	-840,5 k €	+3.6%	-871,8 k €	-3.7%	-841 k €	-180%	1 M €	+134%	-3,1 M €	-263%	-849 k €
Net result	11,5 M €	+103%	5,7 M €	-51.1%	11,6 M €	+44.3%	8 M €	-1.2%	8,1 M €	+89.8%	4,3 M €	-37.4%	6,8 M €	+170%	2,5 M €	+40.5%	1,8 M €	-76.2%	7,5 M €	+1099%	-755,7 k €	+89.0%	-6,9 M €	-130%	-3 M €	-412%	956,8 k €	+109%	-10,6 M €	-3279%	332,2 k €	-96.5%	9,5 M €	+1333%	661,3 k €
Balance sheet
Equity	157,4 M €	+23.1%	127,9 M €	+0.1%	127,7 M €	+5.3%	121,3 M €	+2.5%	118,3 M €	+3.6%	114,1 M €	+0.2%	113,9 M €	+4.7%	108,8 M €	+1.7%	107 M €	+1.7%	105,2 M €	+7.7%	97,7 M €	-0.8%	98,4 M €	-6.5%	105,3 M €	-2.8%	108,3 M €	+0.9%	107,3 M €	+4.7%	102,5 M €	+26.5%	81 M €	+8.7%	74,6 M €
Total assets	216,5 M €	+24.4%	174,1 M €	+14.9%	151,5 M €	+4.4%	145,2 M €	+2.9%	141 M €	+2.9%	137,1 M €	-1.6%	139,3 M €	-7.3%	150,3 M €	+5.9%	141,9 M €	+1.1%	140,4 M €	+29.6%	108,4 M €	-2.7%	111,4 M €	+3.4%	107,7 M €	-2.0%	109,9 M €	+1.2%	108,6 M €	+1.4%	107,1 M €	+22.5%	87,5 M €	+11.9%	78,2 M €
Cash	27 M €	+59.0%	17 M €	-50.3%	34,1 M €	+106%	16,5 M €	+16.9%	14,2 M €	+7.0%	13,2 M €	+71.1%	7,7 M €	+212%	2,5 M €	-64.7%	7 M €	+1649%	401,1 k €	-79.9%	2 M €	+322%	473,7 k €	-69.7%	1,6 M €	-65.3%	4,5 M €	-48.7%	8,8 M €	+1283%	634,9 k €	+1094%	53,2 k €	-46.9%	100,1 k €
Debts	58,8 M €	+27.2%	46,2 M €	+95.1%	23,7 M €	-0.5%	23,8 M €	+4.6%	22,8 M €	-0.8%	22,9 M €	-9.7%	25,4 M €	-37.7%	40,8 M €	+23.6%	33 M €	-1.0%	33,3 M €	+211%	10,7 M €	-17.2%	12,9 M €	+426%	2,5 M €	+51.0%	1,6 M €	+25.1%	1,3 M €	-71.8%	4,6 M €	+9.4%	4,2 M €	+18.7%	3,5 M €
Other
Workforce	3,3 ETP	-34.0%	5,0 ETP	-2.0%	5,1 ETP	-15.0%	6,0 ETP	+13.2%	5,3 ETP	+26.2%	4,2 ETP	+5.0%	4,0 ETP	+5.3%	3,8 ETP	+26.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-25.0%	4,0 ETP	0.0%	4,0 ETP	-7.0%	4,3 ETP	+48.3%	2,9 ETP	+45.0%	2,0 ETP	0.0%	2,0 ETP	+100%	1,0 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 · 10 active · 86 ended

Active mandates

Dimitri DE WEYVER

Director · since 03 juin 2025 · until 04 juin 2030

Active

Eline WAUTELET

Director · since 03 juin 2025 · until 04 juin 2030

Active

Julien LECHAT

Director · since 26 mars 2024 · until 03 juin 2025

Active

Philippe CREVITS

Director · since 19 septembre 2023 · until 04 juin 2030

Active

Marylise LEDOUBLE

Vice-chairman of the board of directors · since 18 septembre 2023 · until 03 juin 2025

Active

Renaud MOENS

Director · since 18 septembre 2023 · until 04 juin 2030

Active

Valérie MAES

Director · since 18 septembre 2023 · until 04 juin 2030

Active

Marcel DORMANN

Director · since 09 juillet 2021 · until 04 juin 2030

Active

SOCOFE

Director · since 17 septembre 2020 · until 04 juin 2030 · 0472.085.439

Represented by Jean-Marie BREBAN

Active

Alain GILLIS

Chairman of the board of directors · since 19 mai 2011 · until 04 juin 2030

Active

Ended mandates

Julien LECHAT

Director · since 26 mars 2024 · until 05 juin 2029

Ended

Philippe CREVITS

Director · since 19 septembre 2023 · until 05 juin 2029

Ended

Emilie HOYOS

Director · since 18 septembre 2023 · until 10 décembre 2023

Ended

Marylise LEDOUBLE

Vice-chairman of the board of directors · since 18 septembre 2023 · until 05 juin 2029

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/06/2026	17/06/2025	13/06/2024	11/07/2023	07/06/2022	14/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	19/05/2023	19/05/2022	20/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	25/06/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	17/06/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	13/06/2024	French	PDF
Abridged model	31/12/2022	19/05/2023	11/07/2023	French	PDF
Abridged model	31/12/2021	19/05/2022	07/06/2022	French	PDF
Abridged model	31/12/2020	20/05/2021	14/06/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	26/05/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	13/06/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	29/05/2018	French	PDF
Full model	31/12/2016	18/05/2017	02/06/2017	French	PDF
Full model	31/12/2015	19/05/2016	26/05/2016	French	PDF
Full model	31/12/2014	21/05/2015	08/06/2015	French	PDF
Full model	31/12/2013	15/05/2014	05/06/2014	French	PDF
Full model	31/12/2012	16/05/2013	23/05/2013	French	PDF
Full model	31/12/2011	18/05/2012	29/05/2012	French	PDF
Full model	31/12/2010	19/05/2011	27/05/2011	French	PDF
Full model	31/12/2009	20/05/2010	28/05/2010	French	PDF
Full model	31/12/2008	22/05/2009	09/06/2009	French	PDF
Full model	31/12/2007	08/05/2008	19/05/2008	French	PDF
Full model	31/12/2006	10/05/2007	24/05/2007	French	PDF

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 · 10 active · 86 ended

Active mandates

Dimitri DE WEYVER

Director · since 03 juin 2025 · until 04 juin 2030

Active

Eline WAUTELET

Director · since 03 juin 2025 · until 04 juin 2030

Active

Julien LECHAT

Director · since 26 mars 2024 · until 03 juin 2025

Active

Philippe CREVITS

Director · since 19 septembre 2023 · until 04 juin 2030

Active

Marylise LEDOUBLE

Vice-chairman of the board of directors · since 18 septembre 2023 · until 03 juin 2025

Active

Renaud MOENS

Director · since 18 septembre 2023 · until 04 juin 2030

Active

Valérie MAES

Director · since 18 septembre 2023 · until 04 juin 2030

Active

Marcel DORMANN

Director · since 09 juillet 2021 · until 04 juin 2030

Active

SOCOFE

Director · since 17 septembre 2020 · until 04 juin 2030 · 0472.085.439

Represented by Jean-Marie BREBAN

Active

Alain GILLIS

Chairman of the board of directors · since 19 mai 2011 · until 04 juin 2030

Active

Ended mandates

Julien LECHAT

Director · since 26 mars 2024 · until 05 juin 2029

Ended

Philippe CREVITS

Director · since 19 septembre 2023 · until 05 juin 2029

Ended

Emilie HOYOS

Director · since 18 septembre 2023 · until 10 décembre 2023

Ended

Marylise LEDOUBLE

Vice-chairman of the board of directors · since 18 septembre 2023 · until 05 juin 2029

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/08/2025
CAPITAL, ACTIONS
PDF
Mandates31/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2024
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates09/10/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - ASSEMBLEE GENERALE
PDF
Mandates20/04/2023
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

2025
Annual accounts 202511,5 M €↑
18/06/2025
nominationAlain Gillis — Président
18/06/2025
nominationRenaud Moens — Membre du Conseil d'administration
18/06/2025
nominationValérie Maes — Vice-Présidente
18/06/2025
nominationDimitri de Weyer — Membre du Conseil d'administration
18/06/2025
nominationEline Wautelet — Membre du Conseil d'administration
18/06/2025
nominationPhilippe Crevits — Membre du Conseil d'administration
18/06/2025
nominationMarcel Dormann — Membre du Conseil d'administration
04/04/2025
augmentation_capital
2024
Annual accounts 20245,7 M €↓
04/06/2024
reconductionAlain GILLIS — Président
04/06/2024
reconductionMarcel DORMANN — administrateur
26/03/2024
nominationJulien LECHAT — administrateur
2023
Annual accounts 202311,6 M €↑
20/12/2023
nominationAnne VEREECKE — membre du Comité de Direction
19/12/2023
nominationValérie MAES — membre du Comité d'Audit
19/12/2023
nominationMarcel DORMANN — membre du Comité d'Audit
19/09/2023
nominationAlain GILLIS — Président
19/09/2023
nominationMarylise LEDOUBLE — Vice-Présidente
18/09/2023
nominationLEDOUBLE Marylise Ghislaine — administrateur
18/09/2023
nominationMOENS Renaud René — administrateur
18/09/2023
nominationCREVITS Philippe Claude Marcel Gaspar — administrateur
18/09/2023
nominationHOYOS Emily Marie Geneviève — administrateur
18/09/2023
nominationMAES Valérie Galina Jeanne — administrateur
22/05/2023
reconductionOlivier VANDERIJST — Administrateur
22/05/2023
reconductionOlivier BOUCHAT — Administrateur
22/05/2023
reconductionMarcel DORMANN — Administrateur
22/05/2023
reconductionJean-Marie BREBAN — Administrateur
22/05/2023
reconductionSébastien DURIEUX — Administrateur
22/05/2023
reconductionAlain GILLIS — Administrateur
22/05/2023
reconductionJean-Christophe PETERKENNE — Administrateur
22/05/2023
reconductionEric PONCIN — Administrateur
22/05/2023
reconductionEric SMIT — Administrateur
2023
Name changeWE Environnement
2022
Annual accounts 20228 M €↓
2021
Annual accounts 20218,1 M €↑
2021
Name changeSRIW Environnement
2020
Annual accounts 20204,3 M €↓
2019
Annual accounts 20196,8 M €↑
2018
Annual accounts 20182,5 M €↑
2017
Annual accounts 20171,8 M €↓
2016
Annual accounts 20167,5 M €↑
2015
Annual accounts 2015-755,7 k €↑
2014
Annual accounts 2014-6,9 M €↓
2013
Annual accounts 2013-3 M €↓
2012
Annual accounts 2012956,8 k €↑
2011
Annual accounts 2011-10,6 M €↓
2010
Annual accounts 2010332,2 k €↓
2010
Name changeS.R.I.W. ENVIRONNEMENT
2009
Annual accounts 20099,5 M €↑
2008
Annual accounts 2008661,3 k €
2008
Name changeEcotech Finance
19/10/1984
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WE Environnement

Overview

What does WE Environnement do?

Trend over 18 financial years

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