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ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS

Active
Cooperative companyfounded 1979active for 47 yearsPré Wigy 20, 4040 Herstal, BelgiumKBO/BCE: BE 0219.511.295
Summary

ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOIS has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35.5m and a net result of -€12.7m. Equity remains stable across the filed financial years (±1.1% per year). Its solvency ranks better than 22% of 77 sector peers (NACE 84, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

ASSOCIATION INTERCOMMUNALE DE TRAITEMENT DES DECHETS LIEGEOISActiveChecked score 89/100

Overview

Activity
Public administration and defence; compulsory social security
NACE 84119Waste collection, recovery and disposal activities NACE 38110
6th largest employer in Belgium, Public administration sector56 sites
Size
€125.1mturnover 2025
Staff
321 FTE
Equity
€35.5m
Loss
-€12.7m
Standalone figures, without subsidiaries
Financial health
89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Waals Gewest · 78.95%
Board
19 members
Holdings
9
Auditor: 3R, Leboutte & C°Accounts 35 days early
Why 89raises riskLoss of €12.7m, the second in a row (financial year 2025)Equity €35.5m (19.0% of total assets)lowers riskSector: Public administration and defence; compulsory social security (NACE 84)Size: turnover €125.1m, 321 FTE, total assets €187.4m, files consolidated accountsShow the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 26% of its sector peers (NACE 84)
Financial strength · tick = 2024
Weak
Solvency 44+1
equity 19.0% of total assets
Liquidity 52-2
short-term debt 29.7% · cash 11.3%
Profitability 13-14
return on assets -6.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (8 companies, NACE 84, large)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.2%▲ +0.1 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €3,150,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.41, compared with 1.56 in 2024; short-term debt: 29.7% and cash: 11.3% of total assets), and 81% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 84): better than 22% on solvency, 44% on liquidity, 8% on profitability and 31% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Public administration and defence; compulsory social security (NACE 84)
KBO
raises risk · Loss of €12.7m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Equity €35.5m (19.0% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €125.1m, 321 FTE, total assets €187.4m, files consolidated accounts
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 77 sector peers (2025).
NBB · sector comparison
Position among 77 sector peers
Solvency
better than 22%
← weakest strongest →
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 · 5 filings
Deviation from the deadline
2025
35 days early
2024
17 days early
2023
29 days early
2022
27 days early
2021
20 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 26 days before the deadline; the sector median (NACE 84) for financial year 2024 is 30 days before the deadline, and 20% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations & appointmentsBoard composition
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2025 · consolidated

Key points

  • Risk: 8 loss-making years in a rowloss financial year 2025 -€12.7m View
  • Caution: Among the weakest 5% on net resultsector median €23,812 · 77 companies -€12.7m View
  • Controlled by Waals Gewestknown shareholders 97.7% 78.95% View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View
  • Active since 1979founded 25-06-1979 47 years View

By topic

Financials

Financial year
2025
Turnover
€125.1m
Loss
-€12.7m
Solvency
19.0%
Turnover▼ 3.5%
Net result
20182025
Go to Financials

Board & ownership

Board
19 members
Parent
Waals Gewest · 78.95%
Known shareholders
97.7%
Auditor
3R, Leboutte & C°
  • Véronique BONNIChair
  • Virginie FIRKETDirector
  • Alain DELCHEFDirector
  • Adrien CROONENDirector
  • Aurélie OCHELENDirector

and 14 other directors

Go to Board & ownership

Network & group

Subsidiaries
2
Holdings
9
Connected companies
62
Mergers and asset contributions
1

9 holdings

Go to Network & group

Timeline

Events
90
Since
1980
Next accounts
by 31-07-2027
  1. 07-11-2025Resignations: François MATTINA, Christophe KERSTEENS and 23…
  2. 15-07-2025Annual accounts filed
  3. 14-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
56
Legal form
Cooperative company
Activity
Public administration and defence; compulsory social securityNACE 84119
Founded
25-06-1979
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
4
Purpose
“INTRADEL a pour objet de réaliser toutes études, implantations et exploitations…” (deed in French)
Go to Articles of association

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