ACTIVE

AQUIRIS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

4,9 M €

+326.9% YoY

Revenue

55,3 M €

+1.9% YoY

Equity

7,6 M €

0.0% YoY

Workforce

62,0 ETP

-7.2% YoY

What does AQUIRIS do?

AQUIRIS is a Public limited company incorporated in 2001. Its main activity is: Water collection, treatment and supply. Its registered office is in Bruxelles. It employs on average 62,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.443.124

Incorporation

08/08/2001

Legal form

Public limited company

Registered office

Avenue de Vilvorde 450
1130 Bruxelles · BruxellesSee on map

Contributed capital

6 900 000,00 €

Latest accounts

31/12/2025

Average workforce

62,0 ETP

Activities (NACE)

36000Water collection, treatment and supply· main 36000Water collection, treatment and supply 41000Construction of buildings

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	55,3 M €	+1.9%	54,2 M €	-0.6%	54,5 M €	+1.7%	53,6 M €	+7.2%	50 M €	+3.6%	48,2 M €	+1.9%	47,4 M €	+2.1%	46,4 M €	+1.9%	45,5 M €	+8.4%	42 M €	+26.5%	33,2 M €	-28.7%	46,5 M €	+11.2%	41,9 M €	+5.9%	39,5 M €	+10.1%	35,9 M €	-49.6%	71,2 M €		–		95,3 M €
EBITDA	22,7 M €	+23.9%	18,3 M €	-5.0%	19,3 M €	-18.6%	23,7 M €	+2.8%	23 M €	+6.8%	21,6 M €	+6.7%	20,2 M €	-8.0%	22 M €	-3.4%	22,8 M €	+27.4%	17,9 M €	+109%	8,6 M €	-60.8%	21,8 M €	+115%	10,2 M €	-41.8%	17,5 M €	+12.5%	15,5 M €	-64.4%	43,6 M €	+863%	-5,7 M €	-832%	779,9 k €
Operating result	9,3 M €	+65.1%	5,6 M €	-15.8%	6,7 M €	-40.6%	11,2 M €	-4.5%	11,7 M €	+23.2%	9,5 M €	+12.0%	8,5 M €	-22.7%	11 M €	-7.0%	11,8 M €	+50.1%	7,9 M €	+2.4%	7,7 M €	-0.7%	7,7 M €	+3747%	201,4 k €	-97.3%	7,5 M €	+35.3%	5,5 M €	-78.1%	25,3 M €	+540%	-5,8 M €	-920%	702,4 k €
Net result	4,9 M €	+327%	1,1 M €	-28.6%	1,6 M €	-71.3%	5,6 M €	-9.5%	6,1 M €	+20.4%	5,1 M €	+51.8%	3,4 M €	-33.0%	5 M €	-12.2%	5,7 M €	+715%	-927,5 k €	-130%	-402,5 k €	+80.0%	-2 M €	+80.4%	-10,3 M €	-262%	-2,8 M €	+47.5%	-5,4 M €	-233%	4,1 M €	+155%	-7,4 M €	-1144%	705,3 k €
Balance sheet
Equity	7,6 M €	0.0%	7,6 M €	0.0%	7,6 M €	0.0%	7,6 M €	0.0%	7,6 M €	+1.6%	7,5 M €	+3.5%	7,2 M €	+2.4%	7 M €	+46.1%	4,8 M €	+256%	-3,1 M €	-43.0%	-2,2 M €	-688%	-274 k €	+94.5%	-5 M €	-193%	5,3 M €	-23.0%	6,9 M €	-43.9%	12,4 M €	+49.3%	8,3 M €	-47.1%	15,6 M €
Total assets	67,8 M €	-17.7%	82,3 M €	-11.5%	93,1 M €	-12.5%	106,3 M €	-7.2%	114,6 M €	-8.9%	125,8 M €	-10.2%	140,1 M €	-3.7%	145,5 M €	-5.0%	153,2 M €	-16.1%	182,6 M €	-11.9%	207,3 M €	+6.8%	194,1 M €	+0.6%	193 M €	-2.8%	198,6 M €	-4.4%	207,6 M €	-21.4%	264 M €	+18.8%	222,2 M €	+18.4%	187,7 M €
Cash	26,4 k €	+173%	9,7 k €	-100.0%	29,9 M €	-4.8%	31,3 M €	+11.2%	28,2 M €	+4.3%	27 M €	-0.6%	27,2 M €		–		–		23,5 k €	+254%	6,6 k €	-1.0%	6,7 k €	-77.3%	29,6 k €	-10.3%	33 k €	-95.6%	744,6 k €	+73.7%	428,7 k €	-41.4%	731,1 k €	-74.4%	2,9 M €
Debts	53 M €	-19.3%	65,7 M €	-11.1%	73,9 M €	-14.2%	86,1 M €	-7.1%	92,7 M €	-10.2%	103,2 M €	-10.8%	115,8 M €	-5.0%	121,9 M €	-10.4%	136,1 M €	-25.4%	182,3 M €	-9.0%	200,5 M €	+8.6%	184,6 M €	-1.8%	188 M €	-1.1%	190,1 M €	-3.5%	197,1 M €	-20.1%	246,6 M €	+15.9%	212,8 M €	+24.0%	171,6 M €
Other
Workforce	62,0 ETP	-7.2%	66,8 ETP	+20.8%	55,3 ETP	-9.0%	60,8 ETP	-5.0%	64,0 ETP	-3.0%	66,0 ETP	+8.4%	60,9 ETP	+0.8%	60,4 ETP	+0.7%	60,0 ETP	+15.6%	51,9 ETP	-0.4%	52,1 ETP	+2.8%	50,7 ETP	+6.5%	47,6 ETP	-5.0%	50,1 ETP	+14.1%	43,9 ETP	+6.3%	41,3 ETP	+29.5%	31,9 ETP	+142%	13,2 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 · 6 active · 71 ended

Active mandates

Philippe Seberac

Vice-chairman of the board of directors · since 18 novembre 2025 · until 11 mai 2026

Active

Franck Arlen

Managing director · since 01 juillet 2025 · until 10 mai 2031

Active

Philippe Tychon

Managing director · since 29 septembre 2023 · until 11 mai 2026

Active

B-Consult SA

Director · since 10 mai 2023 · until 11 mai 2026

Represented by Jean-Marie Boudet

Active

Eric Trodoux

Director · since 10 mai 2023 · until 11 mai 2026

Active

Patrick Couzinet

Chairman of the board of directors · since 10 mai 2023 · until 11 mai 2026

Active

Ended mandates

Philippe Tychon

Managing director · since 29 septembre 2023 · until 10 mai 2026

Ended

Eric Trodoux

Director · since 10 mai 2023 · until 10 mai 2026

Ended

Stéphane Deleris

Managing director · since 09 juin 2020 · until 10 mai 2023

Ended

B-Consult SA

Director · since 11 mai 2020 · until 10 mai 2023

Represented by Jean-Marie Boudet

Ended

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	24/07/2026	21/06/2025	23/07/2024	09/06/2023	10/06/2022	03/06/2021
General meeting	11/05/2026	12/05/2025	10/05/2024	10/05/2023	10/05/2022	10/05/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/05/2026	24/07/2026	French	PDF
Full model	31/12/2024	12/05/2025	21/06/2025	French	PDF
Full model	31/12/2023	10/05/2024	23/07/2024	French	PDF
Full model	31/12/2022	10/05/2023	09/06/2023	French	PDF
Full model	31/12/2021	10/05/2022	10/06/2022	French	PDF
Full model	31/12/2020	10/05/2021	03/06/2021	French	PDF
Full model	31/12/2019	11/05/2020	04/06/2020	French	PDF
Full model	31/12/2018	10/05/2019	15/05/2019	French	PDF
Full model	31/12/2017	16/05/2018	17/05/2018	French	PDF
Full model	31/12/2016	01/06/2017	21/06/2017	French	PDF
Full model	31/12/2015	31/05/2016	28/06/2016	French	PDF
Full model	31/12/2014	19/05/2015	01/06/2015	French	PDF
Full model	31/12/2013	23/05/2014	30/06/2014	French	PDF
Full model	31/12/2012	23/05/2013	27/06/2013	French	PDF
Full model	31/12/2011	30/05/2012	21/06/2012	French	PDF
Full model	31/12/2010	10/05/2011	30/05/2011	French	PDF
Full model	31/12/2009	10/05/2010	09/09/2010	French	PDF
Full model	31/12/2008	11/05/2009	13/05/2009	French	PDF
Full model	31/12/2007	20/05/2008	22/05/2008	French	PDF
Full model	31/12/2006	10/05/2007	10/07/2007	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 · 6 active · 71 ended

Active mandates

Philippe Seberac

Vice-chairman of the board of directors · since 18 novembre 2025 · until 11 mai 2026

Active

Franck Arlen

Managing director · since 01 juillet 2025 · until 10 mai 2031

Active

Philippe Tychon

Managing director · since 29 septembre 2023 · until 11 mai 2026

Active

B-Consult SA

Director · since 10 mai 2023 · until 11 mai 2026

Represented by Jean-Marie Boudet

Active

Eric Trodoux

Director · since 10 mai 2023 · until 11 mai 2026

Active

Patrick Couzinet

Chairman of the board of directors · since 10 mai 2023 · until 11 mai 2026

Active

Ended mandates

Philippe Tychon

Managing director · since 29 septembre 2023 · until 10 mai 2026

Ended

Eric Trodoux

Director · since 10 mai 2023 · until 10 mai 2026

Ended

Stéphane Deleris

Managing director · since 09 juin 2020 · until 10 mai 2023

Ended

B-Consult SA

Director · since 11 mai 2020 · until 10 mai 2023

Represented by Jean-Marie Boudet

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates12/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates11/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/02/2022
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

05/02/2026
nominationPhilippe SÉBÉRAC — administrateur et vice-président
2025
Annual accounts 20254,9 M €↑
12/05/2025
nominationFranck ARLEN — administrateur
25/04/2025
nominationFranck ARLEN — Administrateur délégué
2024
Annual accounts 20241,1 M €↓
2023
Annual accounts 20231,6 M €↓
21/11/2023
nominationPhilippe TYCHON — administrateur délégué
02/10/2023
nominationPhilippe TYCHON — administrateur
10/05/2023
nominationEric TRODOUX — Administrateur
10/05/2023
reconductionGeneviève LEBOUCHER — Administrateur
10/05/2023
reconductionNicolas GERMOND — Administrateur
10/05/2023
reconductionPatrick COUZINET — Administrateur
10/05/2023
reconductionStéphane DELERIS — Administrateur
10/05/2023
nominationVanessa Cordonnier — représentant permanent du commissaire
25/04/2023
nominationNicolas GERMOND — Administrateur Délégué
25/04/2023
nominationStéphane DELERIS — Administrateur Délégué
25/04/2023
nominationPatrick COUZINET — Président du Conseil d'administration
25/04/2023
nominationGeneviève LEBOUCHER — Vice-Présidente du Conseil d'administration
2022
Annual accounts 20225,6 M €↓
2021
Annual accounts 20216,1 M €↑
2020
Annual accounts 20205,1 M €↑
2019
Annual accounts 20193,4 M €↓
2018
Annual accounts 20185 M €↓
2017
Annual accounts 20175,7 M €↑
2015
Annual accounts 2015-927,5 k €↓
2014
Annual accounts 2014-402,5 k €↑
2012
Annual accounts 2012-2 M €↑
2011
Annual accounts 2011-10,3 M €↓
2010
Annual accounts 2010-2,8 M €↑
2009
Annual accounts 2009-5,4 M €↓
2008
Annual accounts 20084,1 M €↑
2007
Annual accounts 2007-7,4 M €↓
2006
Annual accounts 2006705,3 k €
08/08/2001
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

AQUIRIS

Overview

What does AQUIRIS do?

Trend over 18 financial years

Indicative valuation

Board of directors

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