ACTIVE

SEURECA INDUSTRIAL WATER SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result290,1 k €+122,4 %over 1 year

Revenue2 M €+21,6 %over 1 year

Equity2,4 M €+13,8 %over 1 year

Workforce12,2 ETP+22,0 %over 1 year

Identity

Source · BCE/KBO

SEURECA INDUSTRIAL WATER SERVICES is a Public limited company incorporated in 2003. Its main activity is: Sewerage. Its registered office is in Merelbeke-Melle. It employs on average 12,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0859.955.379
Incorporation: 05/08/2003
Legal form: Public limited company
Registered office: Brusselsesteenweg 346B box 1
9090 Merelbeke-Melle · FlandreSee on map
Contributed capital: 2 625 000,00 €
Latest accounts: 31/12/2025
Average workforce: 12,2 ETP

Activities (NACE)

37000Sewerage· main 37000Sewerage 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 90010Performing arts 38219Treatment and disposal of non-hazardous waste+2

Joint committees (3)

Contacts

5 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2 M €	+21.6%	1,7 M €	-1.5%	1,7 M €	-7.3%	1,8 M €	-3.0%	1,9 M €
EBITDA	374,8 k €	+80.6%	207,5 k €	+118%	95 k €	-63.8%	262,5 k €	+13.4%	231,5 k €
Operating result	269,2 k €	+167%	100,7 k €	+782%	-14,8 k €	-110%	152,9 k €	+15.8%	132,1 k €
Net result	290,1 k €	+122%	130,4 k €	+1252%	9,6 k €	-93.6%	149,7 k €	+19.0%	125,7 k €
Balance sheet
Equity	2,4 M €	+13.8%	2,1 M €	+6.6%	2 M €	+0.5%	2 M €	+8.3%	1,8 M €
Total assets	3 M €	+13.9%	2,6 M €	+15.1%	2,3 M €	+1.1%	2,3 M €	+2.5%	2,2 M €
Cash	9,8 k €	+129%	4,3 k €	+3758%	110,5 €	-99.6%	27,6 k €	+32.2%	20,9 k €
Debts	613,9 k €	+14.2%	537,5 k €	+67.6%	320,7 k €	+5.2%	304,8 k €	-23.5%	398,5 k €
Other
Workforce	12,2 ETP	+22.0%	10,0 ETP	-8.3%	10,9 ETP	+9.0%	10,0 ETP	-2.9%	10,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 31 ended

Active mandates

Llywelyn Jones

Director · since 30 juin 2025 · until 30 juin 2030

Active

François Lacour

Director · since 02 janvier 2025 · until 30 juin 2030

Active

Farida DOULAMI

Managing director · since 28 juin 2024 · until 30 juin 2030

Active

Jacques BONNERIC

Director · since 28 juin 2024 · until 30 juin 2025

Active

Philippe SEBERAC

Director · since 28 juin 2024 · until 30 juin 2030

Active

Ended mandates

Philippe BLOCH

Director · since 20 juin 2024 · until 02 janvier 2025

Ended

Jacques BONNERIC

Director · since 04 juin 2024 · until 30 juin 2024

Ended

Farida DOULAMI

Managing director · since 17 juin 2019 · until 30 juin 2024

Ended

Philippe SEBERAC

Director · since 14 juin 2019 · until 30 juin 2024

Ended

Full financial information

Source · NBB

	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	15/07/2026	05/08/2025	23/08/2024	31/08/2023	25/08/2022	31/08/2021
General meeting	19/06/2026	30/06/2025	28/06/2024	17/08/2023	19/08/2022	27/08/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	05/08/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	23/08/2024	Dutch	PDF
Full model	31/12/2022	17/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	19/08/2022	25/08/2022	Dutch	PDF
Full model	31/12/2020	27/08/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	20/08/2020	14/09/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	12/08/2019	Dutch	PDF
Full model	31/12/2017	27/08/2018	31/08/2018	Dutch	PDF
Full model	31/12/2016	25/08/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	01/09/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	17/07/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	18/07/2014	Dutch	PDF
Full model	31/12/2012	10/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	04/06/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	31/08/2011	French	PDF
Full model	31/12/2009	07/06/2010	01/10/2010	French	PDF
Full model	31/12/2008	30/06/2009	14/07/2009	French	PDF
Full model	31/12/2007	09/06/2008	08/07/2008	French	PDF
Full model	31/12/2006	23/04/2007	22/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

5 active · 31 ended

Active mandates

Llywelyn Jones

Director · since 30 juin 2025 · until 30 juin 2030

Active

François Lacour

Director · since 02 janvier 2025 · until 30 juin 2030

Active

Farida DOULAMI

Managing director · since 28 juin 2024 · until 30 juin 2030

Active

Jacques BONNERIC

Director · since 28 juin 2024 · until 30 juin 2025

Active

Philippe SEBERAC

Director · since 28 juin 2024 · until 30 juin 2030

Active

Ended mandates

Philippe BLOCH

Director · since 20 juin 2024 · until 02 janvier 2025

Ended

Jacques BONNERIC

Director · since 04 juin 2024 · until 30 juin 2024

Ended

Farida DOULAMI

Managing director · since 17 juin 2019 · until 30 juin 2024

Ended

Philippe SEBERAC

Director · since 14 juin 2019 · until 30 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other19/02/2024
BENAMING
PDF
Registered office07/02/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other02/10/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring09/07/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/07/2019
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

2025
Annual accounts 2025290,1 k €↑
2024
Annual accounts 2024130,4 k €↑
2023
Annual accounts 20239,6 k €↓
2023
Name changeSeureca Industrial Water Services
2022
Annual accounts 2022149,7 k €↑
2021
Annual accounts 2021125,7 k €↑
2021
Name changeEPAS International
2020
Annual accounts 202032 k €↑
2019
Annual accounts 2019565,6 €↓
2018
Annual accounts 201886,9 k €↑
2017
Annual accounts 2017-14,7 k €↑
2016
Annual accounts 2016-93,9 k €↓
2015
Annual accounts 201540,5 k €↑
2014
Annual accounts 201434,4 k €↓
2013
Annual accounts 201354,3 k €↑
2012
Annual accounts 2012-858,5 k €↓
2011
Annual accounts 2011-84,1 k €↑
2010
Annual accounts 2010-139,9 k €↑
2009
Annual accounts 2009-1,1 M €↓
2008
Annual accounts 2008-518,7 k €
05/08/2003
IncorporationPublic limited company

SEURECA INDUSTRIAL WATER SERVICES

Overview

Identity

Financials

Valuation

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

Timeline