ACTIVE

AQUALIS

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Financial year 2025 · Closed on 31/12/2025

Net result109,2 k €-26,6 %over 1 year
Revenue1,4 M €+0,2 %over 1 year
Equity10,9 M €-0,0 %over 1 year
Workforce1,1 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

AQUALIS is a Cooperative company with limited liability incorporated in 1999. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Spa. It employs on average 1,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0465.435.890
Incorporation
12/02/1999
Legal form
Cooperative company with limited liability
Registered office
Rue de l'Hôtel de Ville 44
4900 Spa · WallonieSee on map
Contributed capital
14 549 405,21 €
Latest accounts
31/12/2025
Average workforce
1,1 ETP
Joint committees (1)
  • 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue1,4 M €1,4 M €1,3 M €983,2 k €574,1 k €
EBITDA937,7 k €928,1 k €761,3 k €534,6 k €165,9 k €
Operating result-232,9 k €-187,5 k €-361,2 k €-579 k €-905,9 k €
Net result109,2 k €148,9 k €-50,2 k €-278,1 k €-617 k €
Balance sheet
Equity10,9 M €10,9 M €10,9 M €10,9 M €10,8 M €
Total assets11,9 M €12,4 M €12,8 M €13,4 M €14,1 M €
Cash731,5 k €859,3 k €456,5 k €302,5 k €374,3 k €
Debts970,3 k €1,4 M €1,8 M €2,3 M €2,9 M €
Other
Workforce1,1 ETP1,1 ETP1,1 ETP1,9 ETP2,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 85 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Commune de Dison0206.644.444Represented by Léontine Crutzen
Directorsince 04/06/2025Vice-chairman of the board of directors05/06/2019 → 2024 accountsended
Commune de Jalhay0207.402.628Represented by Alison Clément
Directorsince 04/06/2025
Commune de Pepinster0206.621.282Represented by Nadia Loukia
Directorsince 04/06/2025
Commune de Plombières0216.695.129Represented by Martine Linkens
Directorsince 05/06/2019
Commune de Spa0206.768.366Represented by Alda Gréoli
Chairman of the board of directorssince 05/06/2019Directorsince 05/04/2019
Commune de Theux0207.373.627Represented by Philippe Boury
Directorsince 05/06/2019
Commune de Thimister-Clermont0216.695.327Represented by Lambert Demonceau
Vice-chairman of the board of directorssince 04/06/2025Director05/06/2019 → 2024 accountsended
ETHIAS0404.484.654Represented by Marcel Petry
Directorsince 25/11/2009Mandate2021 accountsended
Fédération du Tourisme de la Province de Liège0402.398.857
Directorsince 05/06/2019
P & V Assurances0402.236.531Represented by Gilles Doutrelepont
Directorsince 06/06/2007Mandate2024 accountsended
Secrétariat Social des Classes Moyennes0407.571.234Represented by Jean-Michel Gillard
Directorsince 05/06/2019
Ville de Malmédy0206.700.763Represented by Simon Piette
Directorsince 28/01/2020
Ville de Verviers0206.644.741Represented by Caroline Baudinet
Directorsince 05/06/2019

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
André-Hubert Denis
Director28/01/2020 → 2021 accounts
Commune de Trois-Ponts0207.690.955Represented by Francis Piette
Director27/08/2019 → 2024 accounts
Francis Piette
Director27/08/2019 → 2021 accounts

Other companies at this address

Rue de l'Hôtel de Ville 44 4900 Spa
CompanyCBE no.
Association de projet Parc naturel des Sources● Active
0563.960.968
Commune de Spa● Active
0206.768.366
EUROPEAN HISTORIC THERMAL TOWNS ASSOCIATION● Active
0823.039.357
Festival Royal de Théâtre de Spa● Active
0458.549.979
Régie Communale autonome Ville de Spa● Active
0567.609.356

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date18/06/202608/07/202501/07/202405/07/202314/06/202203/08/2021
General meeting03/06/202604/06/202505/06/202407/06/202301/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202618/06/2026FrenchPDF
Abridged model31/12/202404/06/202508/07/2025FrenchPDF
Abridged model31/12/202305/06/202401/07/2024FrenchPDF
Abridged model31/12/202207/06/202305/07/2023FrenchPDF
Abridged model31/12/202101/06/202214/06/2022FrenchPDF
Abridged model31/12/202002/06/202103/08/2021FrenchPDF
Abridged model31/12/201930/09/202005/10/2020FrenchPDF
Abridged model31/12/201805/06/201924/06/2019FrenchPDF
Abridged model31/12/201706/06/201821/06/2018FrenchPDF
Abridged model31/12/201607/06/201722/06/2017FrenchPDF
Full model31/12/201501/06/201630/06/2016FrenchPDF
Full model31/12/201403/06/201507/07/2015FrenchPDF
Full model31/12/201304/06/201417/06/2014FrenchPDF
Full model31/12/201205/06/201324/06/2013FrenchPDF
Full model31/12/201106/06/201221/06/2012FrenchPDF
Full model31/12/201001/06/201106/06/2011FrenchPDF
Full model31/12/200902/06/201023/06/2010FrenchPDF
Full model31/12/200803/06/200914/07/2009FrenchPDF
Full model31/12/200704/06/200806/06/2008FrenchPDF
Full model31/12/200606/06/200710/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

13 active · 85 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Commune de Dison0206.644.444Represented by Léontine Crutzen
Directorsince 04/06/2025Vice-chairman of the board of directors05/06/2019 → 2024 accountsended
Commune de Jalhay0207.402.628Represented by Alison Clément
Directorsince 04/06/2025
Commune de Pepinster0206.621.282Represented by Nadia Loukia
Directorsince 04/06/2025
Commune de Plombières0216.695.129Represented by Martine Linkens
Directorsince 05/06/2019
Commune de Spa0206.768.366Represented by Alda Gréoli
Chairman of the board of directorssince 05/06/2019Directorsince 05/04/2019
Commune de Theux0207.373.627Represented by Philippe Boury
Directorsince 05/06/2019
Commune de Thimister-Clermont0216.695.327Represented by Lambert Demonceau
Vice-chairman of the board of directorssince 04/06/2025Director05/06/2019 → 2024 accountsended
ETHIAS0404.484.654Represented by Marcel Petry
Directorsince 25/11/2009Mandate2021 accountsended
Fédération du Tourisme de la Province de Liège0402.398.857
Directorsince 05/06/2019
P & V Assurances0402.236.531Represented by Gilles Doutrelepont
Directorsince 06/06/2007Mandate2024 accountsended
Secrétariat Social des Classes Moyennes0407.571.234Represented by Jean-Michel Gillard
Directorsince 05/06/2019
Ville de Malmédy0206.700.763Represented by Simon Piette
Directorsince 28/01/2020
Ville de Verviers0206.644.741Represented by Caroline Baudinet
Directorsince 05/06/2019

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
André-Hubert Denis
Director28/01/2020 → 2021 accounts
Commune de Trois-Ponts0207.690.955Represented by Francis Piette
Director27/08/2019 → 2024 accounts
Francis Piette
Director27/08/2019 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other14/12/2023
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates13/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/01/2021
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
Commune de Pepinster
Commune de Dison
Ville de Verviers
Ville de Malmédy
Commune de Spa
Commune de Theux
Commune de Jalhay
Commune de Plombières
Commune de Thimister-Clermont
P & V Assurances
Fédération du Tourisme de la Province de Liège
ETHIAS
1999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
AQUALIS
Rue de l'Hôtel de Ville 44, 4900 Spa
Director
DirectorVice-chairman of the board of directors
Director
Director
Chairman of the board of directorsDirector
Director
Director
Director
Vice-chairman of the board of directorsDirector
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue de l'Hôtel de Ville 44, 4900 SpaCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00177775
Rue de l'Hôtel de Ville 17, 4900 Spa
accounts 2022
Accounts 2022 · 2023-00215443
Rue de l'Hôtel de Ville 44, 4900 Spa
accounts 2021
Accounts 2021 · 2022-20064823

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
AQUALISCurrent
accounts 2006 → 2025
Accounts 2025 · 2026-00177775

Events

  1. 2025
    Annual accounts 2025109,2 k €↓
  2. 2024
    Annual accounts 2024148,9 k €↑
  3. 2023
    Annual accounts 2023-50,2 k €↑
  4. 2022
    Annual accounts 2022-278,1 k €↑
  5. 2021
    Annual accounts 2021-617 k €↓
  6. 2020
    Annual accounts 2020-319,6 k €↓
  7. 2019
    Annual accounts 2019-112,9 k €↑
  8. 2018
    Annual accounts 2018-286,6 k €↑
  9. 2017
    Annual accounts 2017-324,5 k €↑
  10. 2016
    Annual accounts 2016-388 k €↑
  11. 2015
    Annual accounts 2015-467,8 k €↑
  12. 2014
    Annual accounts 2014-535,8 k €↑
  13. 2013
    Annual accounts 2013-634,8 k €↓
  14. 2012
    Annual accounts 201222,8 k €↑
  15. 2011
    Annual accounts 2011-7,4 k €↑
  16. 2010
    Annual accounts 2010-71,2 k €↑
  17. 2009
    Annual accounts 2009-77,4 k €↓
  18. 2008
    Annual accounts 200896,7 k €↑
  19. 2007
    Annual accounts 200724,6 k €↑
  20. 2006
    Annual accounts 2006-60,6 k €
  21. 12/02/1999
    IncorporationCooperative company with limited liability