SOCIETE WALLONNE DES EAUX
ActiveSummary
SOCIETE WALLONNE DES EAUX has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.52B and a net result of €19.10M. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 70% of 49 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+2
Solvency85▼-2
Growth65▲+1
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.0 in 2024; short-term debt: 9.1% and cash: 1.5% of total assets), and 40.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.6%
Return on assets
0.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 36
Relative position
BE, all sectors
reference
Sector 36
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
34 d early
2023
33 d early
2022
41 d early
2021
33 d early
2020
59 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€631.29M▲ 11.1%
2024 · €568.13M
2018: €539.62M
2019: €543.22M
2020: €551.07M
2021: €547.58M
2022: €545.94M
2023: €570.09M
2024: €568.13M
2018 → 2025
EBIT margin
3.9%▲ 5.8pp
2024 · -1.9%
2018: 2.3%
2019: 0.7%
2020: 1.8%
2021: -6.3%
2022: -0.6%
2023: 1.3%
2024: -1.9%
2018 → 2025
Net result
€19.10M▲ 86.3%
2024 · €10.25M
2018: €9.02M
2019: €2.59M
2020: €210k
2021: €-34.45M
2022: €-4.04M
2023: €6.11M
2024: €10.25M
2018 → 2025
Working capital
€22.52M▲ 5,977%
2024 · €371k
2018: €65.17M
2019: €87.97M
2020: €176.21M
2021: €42.77M
2022: €54.18M
2023: €27.10M
2024: €371k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€547.58M-€545.94M▼ 0.3%€570.09M▲ 4.4%€568.13M▼ 0.3%€631.29M▲ 11.1%
Equity€1.39B-€1.40B▲ 0.8%€1.43B▲ 2.3%€1.46B▲ 2.4%€1.52B▲ 4.0%
Operating result€-34.23M-€-3.32M▲ 90.3%€7.17M€-10.81M€24.89M
Net result€-34.45M-€-4.04M▲ 88.3%€6.11M€10.25M▲ 67.9%€19.10M▲ 86.3%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24.89M after a loss of €10.81M in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.56B
Fixed assets
€2.30B ▲ 7.4%
Current assets
€255.10M ▲ 12.7%
Equity and liabilities €2.56B
Equity
€1.52B ▲ 4.0%
Provisions
€15.19M ▼ 5.6%
Debt
€1.02B ▲ 14.6%
Debt's share of the balance-sheet total rises from 37.5% to 39.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€148.18M▲
2024 · €105.60M
Cash flow
€142.39M▲
2024 · €126.66M
Current ratio
1.10▲
2024 · 1.00
Quick ratio
1.07▲
2024 · 0.97
Debt to equity
0.67▲
2024 · 0.61
ROE
1.3%▲
2024 · 0.7%
ROA
0.7%▲
2024 · 0.4%
Interest coverage
7.48▲
2024 · 6.15
Debt ≤ 1 year
€232.57M▲
2024 · €225.95M
Debt > 1 year
€770.76M▲
2024 · €647.82M
Income taxes
€1.42M▼
2024 · €1.45M
Staff costs
€140.04M▲
2024 · €136.03M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 104 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.37B€2.56B▲
Fixed assets21/28€2.14B€2.30B▲
Intangible fixed assets21€13.25M€21.97M▲
Tangible fixed assets22/27€2.10B€2.23B▲
Land and buildings22€246.34M€246.93M▲
Plant, machinery and equipment23€1.55B€1.64B▲
Furniture and vehicles24€6.78M€4.88M▼
Other tangible fixed assets26€215k€202k▼
Assets under construction and advance payments27€293.77M€340.18M▲
Financial fixed assets28€31.06M€46.86M▲
Affiliated companies280/1€26.83M€42.63M▲
Participating interests280€26.83M€26.83M=
Amounts receivable281-€15.80M
Companies linked by participating interests282/3€875k€875k=
Participating interests282€875k€875k=
Other financial fixed assets284/8€3.36M€3.36M=
Shares284€3.33M€3.33M=
Amounts receivable and cash guarantees285/8€22k€22k=
Current assets29/58€226.32M€255.10M▲
Amounts receivable after more than one year29€27.71M€34.32M▲
Other amounts receivable291€27.71M€34.32M▲
Stocks and contracts in progress3€6.99M€5.09M▼
Stocks30/36€4.82M€5.09M▲
Raw materials and consumables30/31€4.82M€5.09M▲
Contracts in progress37€2.17M-
Amounts receivable within one year40/41€63.00M€72.48M▲
Trade receivables40€51.16M€57.04M▲
Other amounts receivable41€11.84M€15.45M▲
Current investments50/53€7.50M€3.50M▼
Other investments51/53€7.50M€3.50M▼
Cash at bank and in hand54/58€20.65M€39.28M▲
Deferred charges and accrued income490/1€100.47M€100.43M=
Equity and liabilities
Total equity and liabilities10/49€2.37B€2.56B▲
Equity10/15€1.46B€1.52B▲
Contributions10/11€1.11B€1.11B=
Revaluation surpluses12€18.04M€16.98M▼
Reserves13€53.61M€73.77M▲
Non-distributable reserves130/1€28.30M€28.30M=
Reserves not available under the articles1311€23.35M€23.35M=
Other1319€4.95M€4.95M=
Distributable reserves133€25.30M€45.46M▲
Investment grants15€285.43M€324.67M▲
Provisions and deferred taxes16€16.09M€15.19M▼
Provisions for liabilities and charges160/5€16.09M€15.19M▼
Other liabilities and charges164/5€16.09M€15.19M▼
Amounts payable17/49€888.11M€1.02B▲
Amounts payable after more than one year17€647.82M€770.76M▲
Financial debts170/4€644.91M€769.11M▲
Credit institutions173€621.41M€730.61M▲
Other loans174€23.50M€38.50M▲
Trade debts175€2.64M€1.35M▼
Suppliers1750€2.64M€1.35M▼
Advances received on contracts in progress176€114k€128k▲
Other amounts payable178/9€160k€160k=
Amounts payable within one year42/48€225.95M€232.57M▲
Current portion of amounts payable after more than one year42€43.86M€50.11M▲
Financial debts43€35.00M€25.00M▼
Credit institutions430/8€20.00M€25.00M▲
Other loans439€15.00M-
Trade debts44€117.00M€113.28M▼
Suppliers440/4€117.00M€113.28M▼
Advances received on contracts in progress46€3.69M€5.85M▲
Taxes, remuneration and social security45€12.69M€13.10M▲
Taxes450/3€3.38M€3.38M▼
Remuneration and social security454/9€9.31M€9.72M▲
Other amounts payable47/48€13.72M€25.23M▲
Accrued charges and deferred income492/3€14.34M€14.08M▼
Income statement
Code20242025
Operating income70/76A€656.27M€723.67M▲
Turnover70€568.13M€631.29M▲
Change in stocks of work in progress, finished goods and contracts in progress71€2.06M€-2.17M▼
Own construction capitalised72€52.71M€54.06M▲
Other operating income74€32.34M€39.52M▲
Non-recurring operating income76A€1.03M€979k▼
Operating charges60/66A€667.08M€698.78M▲
Goods for resale, raw materials and consumables60€58.35M€58.14M▼
Purchases600/8€57.97M€58.42M▲
Change in stocks: decrease (increase)609€378k€-280k▼
Services and other goods61€321.04M€347.33M▲
Remuneration, social security and pensions62€136.03M€140.04M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€116.41M€123.29M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1.92M€2.43M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€3.05M€-906k▼
Other operating charges640/8€29.82M€27.62M▼
Non-recurring operating charges66A€458k€839k▲
Operating profit (loss)9901€-10.81M€24.89M▲
Financial income75/76B€39.92M€15.57M▼
Recurring financial income75€15.38M€15.57M▲
Income from financial fixed assets750€335k€418k▲
Other financial income752/9€15.05M€15.15M▲
Non-recurring financial income76B€24.54M-
Financial charges65/66B€17.41M€19.94M▲
Recurring financial charges65€17.23M€19.94M▲
Debt charges650€17.16M€19.82M▲
Other financial charges652/9€69k€121k▲
Non-recurring financial charges66B€186k-
Profit (loss) for the period before taxes9903€11.70M€20.52M▲
Income taxes67/77€1.45M€1.42M▼
Taxes670/3€1.45M€1.42M▼
Profit (loss) for the period9904€10.25M€19.10M▲
Profit (loss) for the period to be appropriated9905€10.25M€19.10M▲
Appropriation of the result
Profit (loss) to be appropriated9906€10.25M€19.10M▲
Transfer to equity691/2€10.25M€19.10M▲
To other reserves6921€10.25M€19.10M▲
Social balance
Average headcount (FTE)90871,304.81,318.2▲
The notes to these accounts (123 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €19.10M ▲86.3%
Operating result €24.89M, net result €19.10M, both a record.
17-11
State Gazette act
Appointments: Stéphane NICOLAS, Thomas SALDEN and 12 othersResignation: Laurent LEVEQUE (director)17 facts ▸
State Gazette act
Appointments: Stéphane NICOLAS, Thomas SALDEN and 12 others
Resignation: Laurent LEVEQUE (director)17 facts ▸
- Director appointment, Stéphane NICOLAS (director)
- Director appointment, Thomas SALDEN (director)
- Director appointment, Jessica MAYON (director)
- Director appointment, Emmanuelle VANDAMME (director)
- Director appointment, Adrien GRABARSKI (director)
- Director appointment, Cédric JACQUET (director)
- Director appointment, Marine WINAND (director)
- Director appointment, Mireille FRANCOTTE (director)
- Director appointment, Kristel KARLER (director)
- Director appointment, Laurent LEVEQUE (director)
- Director appointment, Diego SANGES (director)
- Director appointment, Denis VAN EECKHOUT (director)
- +5 further facts in this act
17-10
State Gazette act
Appointments: Stéphane NICOLAS, Thomas SALDEN and 12 othersResignation: Laurent LEVEQUE (director)17 facts ▸
State Gazette act
Appointments: Stéphane NICOLAS, Thomas SALDEN and 12 others
Resignation: Laurent LEVEQUE (director)17 facts ▸
- Director appointment, Stéphane NICOLAS (director)
- Director appointment, Thomas SALDEN (director)
- Director appointment, Jessica MAYON (director)
- Director appointment, Emmanuelle VANDAMME (director)
- Director appointment, Adrien GRABARSKI (director)
- Director appointment, Cédric JACQUET (director)
- Director appointment, Mireille FRANCOTTE (director)
- Director appointment, Marine WINAND (director)
- Director appointment, Kristel KARLER (director)
- Director appointment, Laurent LEVEQUE (director)
- Director appointment, Diego SANGES (director)
- Director appointment, Denis VAN EECKHOUT (director)
- +5 further facts in this act
08-07
State Gazette act
Reappointment: Olivier HUBERT (président du collège des commissaires aux comptes)Appointments: BAKER TILLY BELGIUM (commissaire réviseur) and BDO REVISEURS D'ENTREPRISES (commissaire réviseur)4 facts ▸
State Gazette act
Reappointment: Olivier HUBERT (président du collège des commissaires aux comptes)
Appointments: BAKER TILLY BELGIUM (commissaire réviseur) and BDO REVISEURS D'ENTREPRISES (commissaire réviseur)4 facts ▸
- General meeting, 27-05-2025
- Director reappointment, Olivier HUBERT (président du collège des commissaires aux comptes)
- Auditor appointment, BAKER TILLY BELGIUM (commissaire réviseur)
- Auditor appointment, BDO REVISEURS D'ENTREPRISES (commissaire réviseur)
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
10-04
State Gazette act
Appointment: WINAND Marine (director)1 fact ▸
State Gazette act
Appointment: WINAND Marine (director)
1 fact ▸
- Director appointment, WINAND Marine (director)
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
27-02
State Gazette act
Appointments: Denis Van Eeckhout, Thomas Salden and 14 othersResignation: Philippe Boury (member of the executive committee)20 facts ▸
State Gazette act
Appointments: Denis Van Eeckhout, Thomas Salden and 14 others
Resignation: Philippe Boury (member of the executive committee)20 facts ▸
- Director appointment, Denis Van Eeckhout (director)
- Director appointment, Thomas Salden (director)
- Director appointment, Kristel Karler (director)
- Director appointment, Mireille Francotte (director)
- Director appointment, Diego Sanges (director)
- Director appointment, Christian Leriche (director)
- Director appointment, Christina Dewart (director)
- Director appointment, Ingrid Poty (director)
- Director appointment, Emmanuelle Vandamme (director)
- Director appointment, Adrien Grabarski (director)
- Director appointment, Aurore Tourneur (director)
- Director appointment, Simon Dethier (director)
- +8 further facts in this act
2023
31-12
Financial
Back to profitnet €6.11M
Net result €6.11M after 2 loss-making years.
20-12
State Gazette act
Statutes amendmentDividend restriction · Shareholding cap4 facts ▸
State Gazette act
Statutes amendment
Dividend restriction · Shareholding cap4 facts ▸
- General meeting, 30-05-2023
- Statutes amendment
- Dividend restriction, à l'exclusion de la distribution de tout dividende aux actionnaires
- Shareholding cap, La participation globale de la SPGE ne peut dépasser 20% du nombre total des actions.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
Show earlier events
02-02
State Gazette act
Resignation: Adrien DOLIMONT (director)Appointment: Adrien GRABARSKI (director)2 facts ▸
State Gazette act
Resignation: Adrien DOLIMONT (director)
Appointment: Adrien GRABARSKI (director)2 facts ▸
- Director resignation, Adrien DOLIMONT (director)
- Director appointment, Adrien GRABARSKI (director)
2022
08-07
State Gazette act
Reappointment: Olivier HUBERT (président du collège des commissaires aux comptes)Appointments: RSM INTERAUDIT (commissaire réviseur) and BDO Belgium (commissaire réviseur)4 facts ▸
State Gazette act
Reappointment: Olivier HUBERT (président du collège des commissaires aux comptes)
Appointments: RSM INTERAUDIT (commissaire réviseur) and BDO Belgium (commissaire réviseur)4 facts ▸
- General meeting, 31-05-2022
- Director reappointment, Olivier HUBERT (président du collège des commissaires aux comptes)
- Auditor appointment, RSM INTERAUDIT (commissaire réviseur)
- Auditor appointment, BDO Belgium (commissaire réviseur)
08-07
State Gazette act
Resignations & appointmentsPower of attorney5 facts ▸
State Gazette act
Resignations & appointments
Power of attorney5 facts ▸
- Board meeting, 03-06-2022
- Power of attorney, Société wallonne des eaux
- Power of attorney, Société wallonne des eaux
- Board meeting, 08-06-2022
- Power of attorney, Société wallonne des eaux
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
26-01
State Gazette act
Resignations & appointmentsPower of attorney7 facts ▸
State Gazette act
Resignations & appointments
Power of attorney7 facts ▸
- Board meeting, 03-12-2021
- Board meeting, 08-12-2021
- Power of attorney, Société wallonne des eaux
- Power of attorney, Société wallonne des eaux
- Power of attorney, Société wallonne des eaux
- Power of attorney, Société wallonne des eaux
- Power of attorney, Société wallonne des eaux
2021
31-12
Financial
Weakest financial yearnet €-34.45M ▼16522%
Net result drops to €-34.45M, the lowest in the series; recovery starts the following year.
26-11
State Gazette act
Resignation: DESILLE Géraldine (director)Appointment: WARZEE-CAVERENNE Valérie (director)3 facts ▸
State Gazette act
Resignation: DESILLE Géraldine (director)
Appointment: WARZEE-CAVERENNE Valérie (director)3 facts ▸
- Board meeting, 03-09-2021
- Director resignation, DESILLE Géraldine (director)
- Director appointment, WARZEE-CAVERENNE Valérie (director)
12-07
State Gazette act
Appointment: Olivier HUBERT (président du collège des commissaires aux comptes)Resignation: Pierre RION (membre du collège des commissaires aux comptes) · Governmental decision4 facts ▸
State Gazette act
Appointment: Olivier HUBERT (président du collège des commissaires aux comptes)
Resignation: Pierre RION (membre du collège des commissaires aux comptes) · Governmental decision4 facts ▸
- General meeting, 25-05-2021
- Director appointment, Olivier HUBERT (président du collège des commissaires aux comptes)
- Director resignation, Pierre RION (membre du collège des commissaires aux comptes)
- Governmental decision, 04-03-2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
30-12
State Gazette act
Appointments: DELETTRE Sophie, DESILLE Géraldine and 2 others4 facts ▸
State Gazette act
Appointments: DELETTRE Sophie, DESILLE Géraldine and 2 others
4 facts ▸
- Director appointment, DELETTRE Sophie (director)
- Director appointment, DESILLE Géraldine (director)
- Director appointment, DEWART Christina (director)
- Director appointment, DOLIMONT Adrien (director)
22-07
State Gazette act
Appointments: Clarisse ALBERT, Christophe BOMBLED and 12 othersResignations: Jean-Marc LIETART, Stéphanie CORTISSE and 2 others20 facts ▸
State Gazette act
Appointments: Clarisse ALBERT, Christophe BOMBLED and 12 others
Resignations: Jean-Marc LIETART, Stéphanie CORTISSE and 2 others20 facts ▸
- Director appointment, Clarisse ALBERT (director)
- Director appointment, Christophe BOMBLED (director)
- Director appointment, Stéphanie CORTISSE (director)
- Director appointment, Gonzague DELBAR (director)
- Director appointment, Philippe DELCUVE (director)
- Director appointment, Virginie DI NOTTE (director)
- Director appointment, Mireille FRANCOTTE (director)
- Director appointment, Marc LEJEUNE (director)
- Director appointment, Jean-Marc LIETART (director)
- Director appointment, Carl LUKALU (director)
- Director appointment, Jean-Luc MEURICE (director)
- Director appointment, Thomas SALDEN (director)
- +8 further facts in this act
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-12
State Gazette act
Appointments: Clarisse ALBERT, Christophe BOMBLED and 19 othersResignations: Jean-Marc LIETART (director) and Stéphanie CORTISSE (director)29 facts ▸
State Gazette act
Appointments: Clarisse ALBERT, Christophe BOMBLED and 19 others
Resignations: Jean-Marc LIETART (director) and Stéphanie CORTISSE (director)29 facts ▸
- Director appointment, Clarisse ALBERT (director)
- Director appointment, Christophe BOMBLED (director)
- Director appointment, Stéphanie CORTISSE (director)
- Director appointment, Gonzague DELBAR (director)
- Director appointment, Philippe DELCUVE (director)
- Director appointment, Virginie DI NOTTE (director)
- Director appointment, Mireille FRANCOTTE (director)
- Director appointment, Marc LEJEUNE (director)
- Director appointment, Jean-Marc LIETART (director)
- Director appointment, Carl LUKALU (director)
- Director appointment, Jean-Luc MEURICE (director)
- Director appointment, Thomas SALDEN (director)
- +17 further facts in this act
08-10
State Gazette act
Statutes amendmentCapital · Governance board · Governance management committee12 facts ▸
State Gazette act
Statutes amendment
Capital · Governance board · Governance management committee12 facts ▸
- General meeting, 28-05-2019
- Statutes amendment
- Capital, €380.307.214,45
- Governance board, Conseil d'administration composé de quatorze membres nommés par le Gouvernement pour un mandat de 5 ans
- Governance management committee, Comité de direction composé de cinq membres au maximum dont un président, nommés par le Gouvernement wallon pour un mandat renouvelable d'une durée de six ans
- Share structure, Quatre types de parts (A, B, C, D) d'une valeur nominale de euro 25 chacune; les parts C sont inaliénables
- Spge participation cap, La participation globale de la SPGE ne peut dépasser 20% du nombre total des parts
- Municipal majority, Les actionnaires communaux représentent en tout temps au minimum 50% du capital plus une part
- Succursales exploitation, Huit succursales d'exploitation pour la mission de distribution d'eau, chacune rattachée à un ou plusieurs sous-bassins hydrographiques
- Contrat de gestion, Contrat de gestion conclu pour cinq ans entre la Région wallonne et la SWDE
- Legal exemption, La SWDE n'est pas soumise aux dispositions de la loi du 8 août 1997 sur les faillites ni à celles de la loi du 31 janvier 2009 relative à la continuité des entr…
- Execution immunity, La SWDE bénéficie de l'immunité d'exécution pour les biens entièrement ou partiellement affectés à la mise en œuvre de ses tâches de service public
08-07
State Gazette act
Resignations & appointmentsPower of attorney5 facts ▸
State Gazette act
Resignations & appointments
Power of attorney5 facts ▸
- Board meeting, 05-04-2019
- Board meeting, 03-05-2019
- Power of attorney, Société wallonne des eaux
- Power of attorney, Société wallonne des eaux
- Power of attorney, Société wallonne des eaux
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
08-01
State Gazette act
Resignations & appointmentsManagement committee meeting · Power of attorney5 facts ▸
State Gazette act
Resignations & appointments
Management committee meeting · Power of attorney5 facts ▸
- Board meeting, 07-12-2018
- Management committee meeting, 13-12-2018
- Power of attorney, Comité de direction
- Power of attorney, membres du personnel
- Power of attorney, Comité de direction
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-12
State Gazette act
Permanent representative: Pierre RIONAppointment: Pierre RION (président du collège des commissaires aux comptes)5 facts ▸
State Gazette act
Permanent representative: Pierre RION
Appointment: Pierre RION (président du collège des commissaires aux comptes)5 facts ▸
- Board composition, Ernst & Young (commissaire aux comptes)
- Board composition, KPMG (commissaire aux comptes)
- Board composition, La Cour des comptes (commissaire aux comptes)
- Permanent representative, Pierre RION
- Director appointment, Pierre RION (président du collège des commissaires aux comptes)
09-03
State Gazette act
Appointment: José DAMILOT (director)2 facts ▸
State Gazette act
Appointment: José DAMILOT (director)
2 facts ▸
- General meeting, 26-05-2015
- Director appointment, José DAMILOT (director)
2014
30-10
State Gazette act
Resignations & appointmentsPower of attorney9 facts ▸
State Gazette act
Resignations & appointments
Power of attorney9 facts ▸
- Board meeting, 01-10-2013
- Power of attorney, Laurie KRETZ
- Power of attorney, Laetitia SOQUETTE
- Power of attorney, Emmanuel RODRIQUE
- Power of attorney, Patrick HUPPERMANN
- Power of attorney, Julien SCHOFFENIELS
- Power of attorney, Cathy GHYOT
- Power of attorney, Valérie CHABOT
- Power of attorney, Martine NISET
13-06
State Gazette act
Permanent representatives: Thierry LEJUSTE, Baudouin THEUNISSEN and Pierre RIONAppointment: Pierre RION (président du collège des commissaires aux comptes)7 facts ▸
State Gazette act
Permanent representatives: Thierry LEJUSTE, Baudouin THEUNISSEN and Pierre RION
Appointment: Pierre RION (président du collège des commissaires aux comptes)7 facts ▸
- Board composition, RSM InterAudit (commissaire aux comptes)
- Permanent representative, Thierry LEJUSTE
- Board composition, Callens, Pirenne, Theunissen & C° SCRL (commissaire aux comptes)
- Permanent representative, Baudouin THEUNISSEN
- Board composition, La Cour des comptes (commissaire aux comptes)
- Permanent representative, Pierre RION
- Director appointment, Pierre RION (président du collège des commissaires aux comptes)
13-06
State Gazette act
Appointment: Eric SMIT (président f.f. du comité de direction)16 facts ▸
State Gazette act
Appointment: Eric SMIT (président f.f. du comité de direction)
16 facts ▸
- Board meeting, 28-05-2013
- Board composition, Thierry MEUNIER (chair)
- Board composition, Giuseppe GIANGRECO (premier vice président)
- Board composition, Alain TABART (deuxième vice président)
- Board composition, Véronique BIORDI (director)
- Board composition, Freddy BREUWER (director)
- Board composition, Léon CASAERT (director)
- Board composition, Gonzague DELBAR (director)
- Board composition, Roland ENGLEBERT (director)
- Board composition, Mireille FRANCOTTE (director)
- Board composition, Jean-Marc LECOCQ (director)
- Board composition, Jean-Luc MARTIN (director)
- +4 further facts in this act
2012
12-01
State Gazette act
Appointment: Pierre RION (président du collège des commissaires aux comptes)2 facts ▸
State Gazette act
Appointment: Pierre RION (président du collège des commissaires aux comptes)
2 facts ▸
- General meeting, 31-05-2011
- Director appointment, Pierre RION (président du collège des commissaires aux comptes)
2011
11-02
State Gazette act
Permanent representatives: Thierry LEJUSTE, Baudouin THEUNISSEN and 2 others7 facts ▸
State Gazette act
Permanent representatives: Thierry LEJUSTE, Baudouin THEUNISSEN and 2 others
7 facts ▸
- Board composition, RSM InterAudit (commissaire aux comptes)
- Permanent representative, Thierry LEJUSTE
- Board composition, Callens, Pirenne, Theunissen & C° SCCRL (commissaire aux comptes)
- Permanent representative, Baudouin THEUNISSEN
- Permanent representative, Pierre BOGAERTS
- Board composition, La Cour des comptes (commissaire aux comptes)
- Permanent representative, Pierre RION
2010
08-12
State Gazette act
Permanent representatives: Thierry LEJUSTE and Baudoin THEWISSEN5 facts ▸
State Gazette act
Permanent representatives: Thierry LEJUSTE and Baudoin THEWISSEN
5 facts ▸
- Board composition, RSM InterAudit (commissaire aux comptes)
- Board composition, CALLENS, PIRENNE, THEUNISSEN & C° (commissaire aux comptes)
- Board composition, Pierre Rion (commissaire aux comptes)
- Permanent representative, Thierry LEJUSTE
- Permanent representative, Baudoin THEWISSEN
2008
17-11
State Gazette act
Appointments: Sabine DUMONT (director) and Léon CASAERT (director)Reappointments: Sabine DUMONT (director) and Léon CASAERT (director)7 facts ▸
State Gazette act
Appointments: Sabine DUMONT (director) and Léon CASAERT (director)
Reappointments: Sabine DUMONT (director) and Léon CASAERT (director)7 facts ▸
- Board meeting, 26-09-2007
- Director appointment, Sabine DUMONT (director)
- Board meeting, 29-02-2008
- Director appointment, Léon CASAERT (director)
- General meeting, 27-05-2008
- Director reappointment, Sabine DUMONT (director)
- Director reappointment, Léon CASAERT (director)
2006
13-07
State Gazette act
Restructuring · MiscellaneousDemerger1 fact ▸
State Gazette act
Restructuring · Miscellaneous
Demerger1 fact ▸
- Demerger, scission par absorption
10-07
State Gazette act
Restructuring · MiscellaneousMerger2 facts ▸
State Gazette act
Restructuring · Miscellaneous
Merger2 facts ▸
- Merger
- Merger
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
35 directors, no change since 2025
Olivier HENRY
CurrentAdministrateur représentant la région · since 28-08-2025
Rachid BOUKAMIR
CurrentAdministrateur représentant la région · since 28-08-2025
JACQUET Cédric
CurrentDirector · since 18-06-2025
Jessica MAYON
CurrentDirector · since 18-06-2025
Stéphane NICOLAS
CurrentDirector · since 18-06-2025
Marine WINAND
CurrentDirector · since 20-02-2025
29 other directors
Nicolas PIRE
CurrentMember of the executive committee · since 01-03-2024
Christian Leriche
CurrentDirector · since 01-01-2024
Denis VAN EECKHOUT
CurrentDirector · since 01-01-2024
Diego SANGES
CurrentDirector · since 01-01-2024
Emmanuelle Vandamme
CurrentDirector · since 01-01-2024
Ingrid POTY
CurrentDirector · since 01-01-2024
KARLER Kristel
CurrentDirector · since 01-01-2024
Simon Dethier
CurrentDirector · since 01-01-2024
Adrien GRABARSKI
CurrentDirector · since 19-07-2022
WARZEE-CAVERENNE Valérie
CurrentDirector · since 28-10-2021
Olivier HUBERT
CurrentPrésident du collège des commissaires aux comptes · since 25-05-2021
Christina DEWART
CurrentDirector · since 26-11-2020
Sophie Delettre
CurrentDirector · since 26-11-2020
Eric VAN SEVENANT
CurrentMember of the executive committee · since 01-06-2019
Isabelle JEURISSEN
CurrentMember of the executive committee · since 01-06-2019
Mireille FRANCOTTE
CurrentDirector · since 15-03-2019
Thomas SALDEN
CurrentDirector · since 15-03-2019
TOURNEUR Aurore
CurrentDirector · since 15-03-2019
Eric SMIT
CurrentMember of the executive committee · since 03-06-2014
Gonzague DELBAR
Not recently confirmedDirector · since 15-03-2019
Jean-Luc MEURICE
Not recently confirmedDirector · since 15-03-2019
LEJEUNE Marc
Not recently confirmedDirector · since 15-03-2019
Luc VANSAINGELE
Not recently confirmedDirector · since 15-03-2019
LUKALU Carl
Not recently confirmedDirector · since 15-03-2019
Philippe DELCUVE
Not recently confirmedDirector · since 15-03-2019
Virginie DI NOTTE
Not recently confirmedDirector · since 15-03-2019
José DAMILOT
Not recently confirmedDirector · since 26-05-2015
Léon CASAERT
Not recently confirmedDirector · since 29-02-2008
Sabine DUMONT
Not recently confirmedDirector · since 26-09-2007
07-11-2025
Laurent LEVEQUE: Reappointed as Director
10-10-2025
Olivier HENRY: Appointed as Administrateur représentant la région
10-10-2025
Rachid BOUKAMIR: Appointed as Administrateur représentant la région
10-10-2025
Laurent LEVEQUE: Resigned
28-08-2025
Olivier HENRY: Appointed as Administrateur représentant la région
Location & real-estate footprint
Registered office, Verviers · 30 establishment units since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Concorde 414800 VerviersGround area
22.2 ha
Building footprint
2.9 ha
Volume, LiDAR
156,824 m³
23 parcels, Wallonia · tallest building 23.5 m, ±7 floors. Linked by address, not a title deed.
30 establishment units
SWDE
since 19862.147.572.377
SWDE
since 19862.138.172.879
SWDE
since 19862.138.172.978
SWDE
since 19862.138.173.176
SWDE
since 19862.138.173.473
SWDE
since 19862.138.173.572
Show 24 more locations
SWDE
since 19862.138.173.671
SWDE
since 19862.138.173.770
SWDE
since 19862.138.173.869
SWDE
since 19862.138.174.364
SWDE
since 19862.138.174.760
SWDE
since 19862.138.174.859
SWDE
since 19862.138.175.453
SWDE
since 19862.138.175.552
SWDE
since 19862.138.175.651
SWDE
since 19862.138.175.750
SWDE
since 19862.138.175.849
SWDE
since 19862.147.137.164
SWDE
since 19872.138.172.780
SWDE
since 20082.242.047.706
SWDE
since 20082.242.047.805
SWDE
since 20082.174.245.694
SWDE
since 20082.174.245.892
SWDE
since 20102.203.052.221
SWDE
since 20152.243.428.668
SWDE
since 20182.282.073.369
SWDE
since 20192.290.061.122
SWDE
since 20232.353.059.256
SWDE
since 20232.353.059.355
SWDE
since 20242.356.563.431
23 parcels
Wallonia
23
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63074B0134/00A000 | Wallonia | 4.5 ha | 1 · 6,577 m² | 16.5 m · 3 fl. |
| 63074B0123/00A000 | Wallonia | 3.7 ha | 1 · 1,510 m² | 8.8 m · 2 fl. |
| 52063E0185/00D000 | Wallonia | 2.3 ha | 1 · 7,486 m² | - |
| 63572B0097/00G002 | Wallonia | 1.4 ha | 1 · 1,634 m² | - |
| 25049A0219/00W000 | Wallonia | 1.3 ha | 1 · 1,776 m² | 7.6 m · 2 fl. |
| 53036B0688/00A000 | Wallonia | 1.2 ha | 1 · 598 m² | 14.8 m · 2 fl. |
| 92009B0026/00Z002 | Wallonia | 1.1 ha | 1 · 478 m² | - |
| 61068A0224/00E000 | Wallonia | 9,179 m² | 1 · 199 m² | - |
| 52332B0504/00M000 | Wallonia | 8,756 m² | 1 · 16 m² | - |
| 83002A0932/00P000 | Wallonia | 8,000 m² | - | - |
| 91034B0103/00G000 | Wallonia | 6,528 m² | 1 · 274 m² | 5.1 m · 1 fl. |
| 63079A0698/00X005 | Wallonia | 6,431 m² | 1 · 1,253 m² | 19.6 m · 5 fl. |
| 84009C0847/00H005 | Wallonia | 6,360 m² | 1 · 3,231 m² | - |
| 53019A0252/00E012 | Wallonia | 3,996 m² | 1 · 988 m² | 12.8 m · 4 fl. |
| 92120F0021/00Y002indicative | Wallonia | 3,913 m² | 1 · 1,006 m² | 8.3 m · 2 fl. |
| 53053D0249/00M000 | Wallonia | 2,966 m² | 1 · 868 m² | 23.5 m · 7 fl. |
| 56076D0072/00C000 | Wallonia | 2,541 m² | - | - |
| 92078A0002/02R003 | Wallonia | 2,304 m² | - | - |
| 52014A0085/00C000indicative | Wallonia | 1,846 m² | 1 · 546 m² | 13.8 m · 2 fl. |
| 82022E1218/00Y000 | Wallonia | 1,355 m² | 1 · 98 m² | - |
| 81006C0467/00A000 | Wallonia | 1,127 m² | 1 · 696 m² | 8.2 m · 2 fl. |
| 53028A0379/00A003 | Wallonia | 489 m² | 1 · 49 m² | 11.0 m · 3 fl. |
| 51004B0807/00P104 | Wallonia | 372 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 22
21 of 23 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
2 auditors| Baker Tilly BelgiumCurrent Commissaire réviseur | 27-05-2025 → present |
| BDO Réviseurs d'EntreprisesCurrent Commissaire réviseur | 27-05-2025 → present |
Show 4 earlier auditors
| BDO Belgium Commissaire réviseur succeeded by Baker Tilly Belgium in 2025 | 31-05-2022 → 27-05-2025 |
| Ernst & Young Commissaire réviseur succeeded by RSM INTERAUDIT in 2022 | 28-05-2019 → 31-05-2022 |
| KPMG Commissaire réviseur succeeded by RSM INTERAUDIT in 2022 | 28-05-2019 → 31-05-2022 |
| RSM INTERAUDIT Commissaire réviseur succeeded by Baker Tilly Belgium in 2025 | 31-05-2022 → 27-05-2025 |
Articles of association
Duration
Unlimited
Purpose
L'objet social de la SWDE ainsi que ses missions de service public sont déterminés par le Code de l'eau
Full purpose
L'objet social de la SWDE ainsi que ses missions de service public sont déterminés par le Code de l'eau.
Structure & network
Connections & network
79 connected companiesLinked via shared directors
via KARLER Kristel · Director
→
via KARLER Kristel · Director
→
via KARLER Kristel · Présidente du comité de gestion
→
via KARLER Kristel · Présidente du comité de gestion
→
Show 75 more companies with a shared director
via Emmanuelle Vandamme · Director
→
via Adrien GRABARSKI · Director
→
via JACQUET Cédric · Director
→
via KARLER Kristel · Director
→
via KARLER Kristel · Director
→
via Adrien GRABARSKI · Director
→
via JACQUET Cédric · Vice-chair
→
via JACQUET Cédric · Director
→
via Ingrid POTY, Sophie Delettre and 6 others
→
via JACQUET Cédric · Vice-chair
→
via Eric VAN SEVENANT and Emmanuelle Vandamme · Director
→
via KARLER Kristel · Director
→
via Adrien GRABARSKI · Director
former→
via Sophie Delettre · Chair
former→
via TOURNEUR Aurore · Director
former→
via Sophie Delettre · Chair of the board
former→
via Eric VAN SEVENANT · Director
former→
via Sophie Delettre · Director
former→
via Eric VAN SEVENANT · Director
former→
via JACQUET Cédric · Director
former→
via Adrien GRABARSKI · Director
former→
via Sophie Delettre · Director
former→
via JACQUET Cédric · Director
former→
via Thomas SALDEN · Vice-chair
former→
via Adrien GRABARSKI · Permanent representative
former→
via JACQUET Cédric · Vice-chair
former→
via KARLER Kristel · Director
former→
via Thomas SALDEN · Director
former→
via Eric VAN SEVENANT · Administrateur représentant le csef
former→
via KARLER Kristel · Director
former→
via Eric VAN SEVENANT · Director
former→
via TOURNEUR Aurore · Director
former→
via Adrien GRABARSKI · Director
former→
via TOURNEUR Aurore · Director
former→
via TOURNEUR Aurore · Director
former→
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Acquisitions and mergers
4 transactionsTook over:Intercommunale Aquasambre
Received in a demerger part of:A.I.E. - Association Intercommunale pour l'Energie et l'Eau
Received in a demerger part of:Association Intercommunale pour l'Energie et l'Eau
Capital and shareholders
Capital over the years
- 08-10-2019 Capital stated in the act · 380,307,214.45 EUR
Public money · subsidies and aid
European research
2 projects · 262,938 EUR EU contributionProgrammes
Horizon 2020
Projects
Advanced Tools to assEss and mitigate the criticality of ICT compoNents and their dependencies over Critical InfrAstructures
PROTECTion against Endocrine Disruptors; Detection, mixtures, health effects, risk assessment and communication.
Recognitions · licences · registrations
Food safety, FASFC
4 sitesCouvin2.138.175.849
Houffalize2.138.175.750
Tournai2.174.245.694
Verviers2.138.172.780
Legal Entity Identifier
529900FSC6AK09C01G63
Similar companies · same sector, comparable size
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Of 135 companies in sector 36000 we hold annual accounts for 69. 7 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded19-12-1986
Fiscal year end31-12
Abbreviation FR
S.W.D.E.
Activities, NACEBEL 2025
36000Water collection, treatment and supply
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:officiel.pm_swde@swde.be