ACTIVE

Veolia Treatment & Recycling BE

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Financial year 2025 · closed on 31/12/2025

Net result

9,3 M €

+46.0% YoY

Revenue

41,4 M €

+28.4% YoY

Equity

15,5 M €

-0.6% YoY

Workforce

45,2 ETP

-3.8% YoY

What does Veolia Treatment & Recycling BE do?

Veolia Treatment & Recycling BE is a Public limited company incorporated in 1997. Its main activity is: Sewerage. Its registered office is in Saint-Gilles. It employs on average 45,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.711.605

Incorporation

06/01/1997

Legal form

Public limited company

Registered office

Boulevard Poincaré 78-79
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

11 452 000,00 €

Latest accounts

31/12/2025

Average workforce

45,2 ETP

Activities (NACE)

37100Sewerage· main 38210Treatment and disposal of non-hazardous waste 38322Recovery of sorted materials 46772Wholesale of waste and scrap 46872Wholesale trade, except of motor vehicles and motorcycles 90021Support activities to performing arts+2

Joint committees (3)

14201
200
218

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	41,4 M €	+28.4%	32,2 M €	+5.4%	30,6 M €	+12.4%	27,2 M €	+1.7%	26,7 M €	+36.9%	19,5 M €	+20.7%	16,2 M €	-16.2%	19,3 M €	+0.9%	19,2 M €	+21.8%	15,7 M €	+77.3%	8,9 M €	+0.5%	8,8 M €	-6.7%	9,5 M €	+3.0%	9,2 M €	+4.5%	8,8 M €	+67.3%	5,2 M €	+0.6%	5,2 M €	+10.8%	4,7 M €	+59.0%	3 M €
EBITDA	15,8 M €	+44.7%	10,9 M €	+25.4%	8,7 M €	-14.6%	10,2 M €	+25.0%	8,2 M €	+120%	3,7 M €	+130%	1,6 M €	-14.8%	1,9 M €	-46.1%	3,5 M €	+52.2%	2,3 M €	-2.3%	2,4 M €	+0.7%	2,4 M €	-7.0%	2,5 M €	+1.4%	2,5 M €	-29.3%	3,5 M €	+228%	1,1 M €	-38.2%	1,7 M €	+22.9%	1,4 M €	+11.9%	1,3 M €
Operating result	12,4 M €	+53.4%	8,1 M €	+29.1%	6,3 M €	-20.7%	7,9 M €	+24.3%	6,4 M €	+232%	1,9 M €	+98.2%	967,3 k €	-14.4%	1,1 M €	-59.5%	2,8 M €	+63.3%	1,7 M €	-9.2%	1,9 M €	-0.9%	1,9 M €	-10.3%	2,1 M €	-2.1%	2,2 M €	-32.8%	3,2 M €	+246%	930,8 k €	-24.8%	1,2 M €	+8.6%	1,1 M €	+13.7%	1 M €
Net result	9,3 M €	+46.0%	6,4 M €	+35.4%	4,7 M €	-20.7%	5,9 M €	+24.8%	4,8 M €	+235%	1,4 M €	+146%	577,8 k €	-22.0%	741,1 k €	-59.3%	1,8 M €	+64.1%	1,1 M €	-55.0%	2,5 M €	+394%	499,5 k €	-78.1%	2,3 M €	+185%	798,4 k €	-64.2%	2,2 M €	+140%	929,2 k €	-28.7%	1,3 M €	+8.6%	1,2 M €	+20.1%	998,7 k €
Balance sheet
Equity	15,5 M €	-0.6%	15,6 M €	-0.6%	15,7 M €	-0.6%	15,8 M €	-0.6%	15,9 M €	-0.6%	16 M €	+12.0%	14,3 M €	+6.5%	13,4 M €	+8.4%	12,4 M €	-8.2%	13,5 M €	+13.1%	12 M €	+1.3%	11,8 M €	+0.4%	11,7 M €	+223%	3,6 M €	+3.5%	3,5 M €	-17.8%	4,3 M €	+27.7%	3,3 M €	-33.7%	5 M €	+31.2%	3,8 M €
Total assets	44,9 M €	+26.0%	35,6 M €	-3.5%	36,9 M €	+16.1%	31,8 M €	+15.2%	27,6 M €	+11.3%	24,8 M €	+4.9%	23,6 M €	-0.3%	23,7 M €	-1.5%	24,1 M €	+19.9%	20,1 M €	-73.3%	75,4 M €	+2.8%	73,3 M €	-2.1%	74,9 M €	+2.2%	73,3 M €	+696%	9,2 M €	+43.8%	6,4 M €	+27.2%	5 M €	-28.4%	7 M €	+39.1%	5 M €
Cash	821,3 k €	+11.9%	734,1 k €	+15.4%	636,2 k €	+2615%	23,4 k €	+1239%	1,8 k €	-57.8%	4,1 k €	-20.8%	5,2 k €	+1.0%	5,2 k €	+51.4%	3,4 k €	-28.7%	4,8 k €	+1708%	265,4 €	-20.8%	335,2 €	+241%	98,4 €	-63.2%	267,1 €	-13.8%	310 €		–		–		–		–
Debts	23,7 M €	+43.2%	16,6 M €	-1.2%	16,8 M €	+32.1%	12,7 M €	+41.3%	9 M €	+36.0%	6,6 M €	-11.1%	7,4 M €	+2.8%	7,2 M €	-17.6%	8,8 M €	+115%	4,1 M €	-93.4%	62 M €	+2.9%	60,2 M €	-2.6%	61,8 M €	-9.4%	68,2 M €	+1298%	4,9 M €	+249%	1,4 M €	+53.4%	912,5 k €	+47.2%	620,1 k €	+41.6%	438 k €
Other
Workforce	45,2 ETP	-3.8%	47,0 ETP	+11.9%	42,0 ETP	+0.5%	41,8 ETP	+6.4%	39,3 ETP	-1.5%	39,9 ETP	+11.5%	35,8 ETP	+0.3%	35,7 ETP	+2.9%	34,7 ETP	+1.2%	34,3 ETP	+221%	10,7 ETP	+15.1%	9,3 ETP	+32.9%	7,0 ETP	+4.5%	6,7 ETP	+28.8%	5,2 ETP	+4.0%	5,0 ETP	+19.0%	4,2 ETP	+7.7%	3,9 ETP	+39.3%	2,8 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 · 28 ended

Active mandates

Jérôme Waterkeyn

Director · since 27 juin 2025 · until 14 mai 2030

Active

Philippe TYCHON

Chairman of the board of directors · since 27 juin 2025 · until 14 mai 2030

Active

Marc DAS

Director · since 01 juin 2021 · until 11 mai 2027

Active

Ended mandates

Jérôme Waterkeyn

Director · since 28 juin 2024 · until 08 juin 2026

Ended

Eric TRODOUX

Managing director · since 25 juin 2020 · until 12 mai 2026

Ended

Philippe TYCHON

Director · since 04 juin 2020 · until 13 mai 2025

Ended

Philippe TYCHON

Director · since 04 juin 2019 · until 13 mai 2025

Ended

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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	29/07/2026	11/07/2025	12/07/2024	24/07/2023	06/07/2022	21/06/2021
General meeting	18/05/2026	27/06/2025	28/06/2024	30/06/2023	02/06/2022	01/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

27 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	29/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	11/07/2025	Dutch	PDF
Full model	31/12/2024	27/06/2025	03/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	12/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	24/07/2023	French	PDF
Full model	31/12/2021	02/06/2022	06/07/2022	Dutch	PDF
Full model	31/12/2021	02/06/2022	06/07/2022	French	PDF
Full model	31/12/2020	01/06/2021	21/06/2021	French	PDF
Full model	31/12/2020	01/06/2021	21/06/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	09/07/2020	Dutch	PDF
Full model	31/12/2019	25/06/2020	08/07/2020	French	PDF
Full model	31/12/2018	04/06/2019	07/08/2019	French	PDF
Full model	31/12/2018	04/06/2019	07/08/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	11/07/2018	French	PDF
Full model	31/12/2017	28/06/2018	11/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	14/09/2017	French	PDF
Full model	31/12/2015	29/06/2016	18/08/2016	Dutch	PDF
Full model	31/12/2015	29/06/2016	18/08/2016	French	PDF
Full model	31/12/2014	12/05/2015	30/07/2015	French	PDF
Full model	31/12/2013	13/05/2014	28/07/2014	French	PDF
Full model	31/12/2012	11/06/2013	19/06/2013	French	PDF
Full model	31/12/2011	06/06/2012	12/06/2012	French	PDF
Full model	31/12/2010	10/06/2011	13/07/2011	French	PDF
Full model	31/12/2009	11/05/2010	11/06/2010	French	PDF

View all 27 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 · 28 ended

Active mandates

Jérôme Waterkeyn

Director · since 27 juin 2025 · until 14 mai 2030

Active

Philippe TYCHON

Chairman of the board of directors · since 27 juin 2025 · until 14 mai 2030

Active

Marc DAS

Director · since 01 juin 2021 · until 11 mai 2027

Active

Ended mandates

Jérôme Waterkeyn

Director · since 28 juin 2024 · until 08 juin 2026

Ended

Eric TRODOUX

Managing director · since 25 juin 2020 · until 12 mai 2026

Ended

Philippe TYCHON

Director · since 04 juin 2020 · until 13 mai 2025

Ended

Philippe TYCHON

Director · since 04 juin 2019 · until 13 mai 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office24/03/2023
MAATSCHAPPELIJKE ZETEL
PDF
Registered office24/03/2023
SIEGE SOCIAL
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 20259,3 M €↑
27/06/2025
reconductionPhilippe Tychon — administrateur-président
27/06/2025
nominationCarl Laschet — commissaire
27/06/2025
reconductionPhilippe Tychon — bestuurder-voorzitter
27/06/2025
nominationDeloitte Bedrijfsrevisoren BV — Commissaris
13/02/2025
nominationMarie KOKOT — Chief Human Resources Officer (CHRO)
2024
Annual accounts 20246,4 M €↑
28/06/2024
nominationJérôme Waterkeyn — administrateur
28/06/2024
nominationJérôme Waterkeyn — bestuurder
2023
Annual accounts 20234,7 M €↓
2022
Annual accounts 20225,9 M €↑
15/09/2022
nominationKPMG Réviseurs d'Entreprises SRL — commissaire
10/05/2022
nominationPhilippe Tychon — Voorzitter van de Raad van Bestuur
10/05/2022
nominationPhilippe Tychon — Président du Conseil d'administration
31/03/2022
nominationEric Trodoux — Voorzitter van de Raad van Bestuur
2021
Annual accounts 20214,8 M €↑
2021
Name changeVeolia Treatment & Recycling BE
2020
Annual accounts 20201,4 M €↑
2019
Annual accounts 2019577,8 k €↓
2018
Annual accounts 2018741,1 k €↓
2017
Annual accounts 20171,8 M €↑
2016
Annual accounts 20161,1 M €↓
2016
Name changeSUEZ Treatment & Recycling
2014
Annual accounts 20142,5 M €↑
2014
Name changeSITA Treatment & Recycling
2013
Annual accounts 2013499,5 k €↓
2012
Annual accounts 20122,3 M €↑
2011
Annual accounts 2011798,4 k €↓
2010
Annual accounts 20102,2 M €↑
2009
Annual accounts 2009929,2 k €↓
2008
Annual accounts 20081,3 M €↑
2007
Annual accounts 20071,2 M €↑
2006
Annual accounts 2006998,7 k €
2006
Name changeSITA VALOMAC
06/01/1997
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

Veolia Treatment & Recycling BE

Overview

What does Veolia Treatment & Recycling BE do?

Trend over 19 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