Financials
Financial year 2025
in BW Association Intercommunale from Nivelles, company number BE0200362210, closed financial year 2025 with a result of € 4.8 million after tax. For that financial year in BW Association Intercommunale recorded revenue of € 135.7 million and equity of € 219.5 million. Compared with financial year 2024, the result moved from € 4 million to € 4.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 219.5 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.8 million
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 2.8 million
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 115.8 million.
People and assets in 2025
488
▲ 5.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 42.9 million
▲ 2% vs 2024
€ 87,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 110.4 million
▼ 7% vs 2024
Of which on lease € 106.7 million.
Debts at end 2025
€ 302.7 million
▼ 3% vs 2024
€ 18.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 26.8 million
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 6.1 million
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 115,506,051 | € 127,465,875 | € 129,041,908 | € 135,653,742 | ▲ 5% |
| Profit after taxes | € 4,002,495 | € 4,362,459 | € 3,951,905 | € 4,839,491 | ▲ 22% |
| Equity | € 191,317,747 | € 197,503,224 | € 203,588,833 | € 219,525,253 | ▲ 8% |
| Total debts | € 351,452,572 | € 362,445,225 | € 361,089,057 | € 355,070,526 | ▼ 2% |
| Cash | € 10,248,114 | € 8,632,104 | € 3,489,867 | € 2,821,759 | ▼ 19% |
| Land & buildings | € 58,044,070 | € 59,642,612 | € 59,076,911 | € 62,026,502 | ▲ 5% |
| Retained profit | € 102,630,527 | € 106,992,985 | € 110,944,891 | € 115,784,379 | ▲ 4% |
| Bank debt | € 296,571,302 | € 305,882,748 | € 312,479,516 | € 302,743,625 | ▼ 3% |
| Balance sheet total | € 543,846,291 | € 560,940,524 | € 565,831,513 | € 576,116,610 | ▲ 2% |
| Employees (FTE) | 463.2 | 477.1 | 482.7 | 488 | ▲ 5.3 |
Key figures of in BW Association Intercommunale, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to in BW Association Intercommunale?
What happened at in BW Association Intercommunale in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Laurence Smets stepped down as director. NBB
- Bernard Löwenthal stepped down as director. NBB
- Aisling D'Hooghe stepped down as director. NBB
- Sybille de Coster-Bauchau stepped down as director. NBB
- Cédric du Monceau stepped down as director. NBB
- Jordan Godfriaux stepped down as director. NBB
- Christian Fayt stepped down as director. NBB
- Cédric Gillis stepped down as director. NBB
In short
From € 4 million profit in 2022 to € 4.8 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 4.8 million profit.
Pays suppliers within 100 days on average.
A new publication or filing at in BW Association Intercommunale? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 37.5% of DIGINNOV, 20% of SMART ENERGY INVEST II, 7.2% of WALWIND, 7.2% of WIND4WALLONIA, 5% of GBES1 and 1% of SOCIETE DIGITALE DES EAUX DE WALLONIE itself.
Directors
According to the 2025 annual accounts
Laurence Smets
Director
Also active at: LIAGES ASBL, Soralia, SOFELIA, Matrimoniale Soralia, La Centrale de Services á Domicile du Brabant wallon - Réseau Solidaris, Mobilité en Brabant Wallon
since 2019 · until 2031
Bernard Löwenthal
Director
since 2019 · until 2031
Sophie Keymolen
Director
Also active at: KEYMOLEN AGRI, AGENCE IMMOBILIERE SOCIALE DU BRABANT WALLON, THE POD, INTERCOMMUNALE DE MUTUALISATION EN MATIERE INFORMATIQUE ET ORGANISATIONNELLE, Régie foncière provinciale autonome du Brabant Wallon
since 2020 · until 2025
Aisling D'Hooghe
Director
since 2025 · until 2031
Sybille de Coster-Bauchau
Director
since 2025 · until 2031
since 2025 · until 2025
Jean-Marc Zocastello
Director
Also active at: SOCIETE D'ASSAINISSEMENT ET DE RENOVATION DES SITES INDUSTRIELS DU BRABANT WALLON, Habitations sociales du Roman Pais
since 2019 · until 2025
Cédric du Monceau
Chairman of the board, Director
Also active at: ACADEMIE INTERCOMMUNALE DE MUSIQUE, DE DANSE ET DES ARTS DE LA PAROLE DE COURT-SAINT-ÉTIENNE ET OTTIGNIES-LOUVAIN-LA-NEUVE
since 2024 · until 2031
since 2019 · until 2031
Hadelin de Beer de Laer
Vice-chairman of the board
since 2019 · until 2025
Louison Renault
Director
Also active at: Vakantiecentrum - La Rose des Sables - Solidaris-netwerk, Actions Arthur Guyaux - Réseau Solidaris, ESENCA - LIAGES Brabant Wallon - Réseau Solidaris, Réseau des Solidarités du Brabant wallon, LE THEATRE DE LA VALETTE ASBL, Régie foncière provinciale autonome du Brabant Wallon
since 2019 · until 2025
since 2021 · until 2025
Jean-Marie Thiry
Director
since 2024 · until 2025
Michaël Goblet d'Alviella
Director
since 2019 · until 2025
since 2019 · until 2031
Cédric Gillis
Director
Also active at: Intercommunale pure de financement du Brabant Wallon, SPAQuE, SOCOFE, GEPART
since 2025 · until 2031
since 2024 · until 2031
since 2019 · until 2031
since 2019 · until 2025
Carole Ghiot
Director
since 2020 · until 2025
Olivier Vanham
Director
Also active at: Habitations sociales du Roman Pais, Fondation Folon, Régie communale autonome de Braine-l'Alleud
since 2025 · until 2031
Christophe Dister
Director
since 2024 · until 2031
Steve De Wevere
Director
since 2025 · until 2031
Nancy Schroeders
Director
Also active at: Centre culturel du Brabant wallon, SPOTT - Centre culturel d'Ottignies-Louvain-la-Neuve
since 2025 · until 2031
Bénédicte Delmez
Director
since 2019 · until 2031
Muriel Flamand
Director
since 2019 · until 2025
since 2024 · until 2031
since 2025 · until 2031
Julien Breuer
Vice-chairman of the board
since 2025 · until 2031
Philippe Barras
Director
Also active at: Intercommunale pure de financement du Brabant Wallon, FEDERATION DES CHAMBRES DE COMMERCE BELGES - FEDERATIE VAN BELGISCHE KAMERS VAN KOOPHANDEL
since 2025 · until 2031
Henri Detandt
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Rue de la Religion 10
1400 Nivelles
Rue Emile François 27
1474 Genappe
Active since 1 February 2004
Avenue Jean Monnet 1
1348 Ottignies-Louvain-la-Neuve
Active since 1 January 2016
Rue des Frères Dulait -
7090 Braine-le-Comte
Active since 1 January 2018
Rue de Hal -
1440 Braine-le-Château
Active since 1 January 2018
Rue de la Petite Sibérie -
1435 Mont-Saint-Guibert
Active since 1 January 2018
Drève Eugène Goblet d'Alviella 1
1490 Court-Saint-Etienne
Active since 1 January 2018
Rue de Tubize 16
1460 Ittre
Active since 1 January 2018
Rue de Tubize -
1460 Ittre
Active since 1 January 2018
Rue de la Chise -
1315 Incourt
Active since 1 January 2018
Rue Nicolas Lebrun -
1470 Genappe
Active since 1 January 2018
Rue du Werchai 2
1490 Court-Saint-Etienne
Active since 1 January 2018
Chemin de Vieusart, Corroy 3
1325 Chaumont-Gistoux
Active since 1 January 2018
Chaussée du Longchamp -
1300 Wavre
Active since 1 January 2018
Rue de la Station 1 box F
1495 Villers-la-Ville
Active since 1 January 2018
Chemin Massart -
1480 Tubize
Active since 1 January 2018
Colline du Glain -
1330 Rixensart
Active since 1 January 2018
Le Weya(NSV) 4-10
1457 Walhain
Active since 1 January 2018
Chaussée du Longchamp 2
1300 Wavre
Active since 1 January 2018
Rue d'Oisquercq 51
1480 Tubize
Active since 1 January 2018
Drève du Brocard 5
1410 Waterloo
Active since 1 January 2018
Chemin Fourneau 44
1400 Nivelles
Active since 1 January 2018
Rue Nicolas Baudine SN
1440 Braine-le-Château
Active since 1 January 2018
Chemin de Profondval SN
1490 Court-Saint-Etienne
Active since 1 January 2018
Rue des Broucks(Z.-L.) SN
1370 Jodoigne
Active since 1 January 2018
Rue de Hamme-Mille SN
1390 Grez-Doiceau
Active since 1 January 2018
Rue de Tombeek 30
1331 Rixensart
Active since 1 January 2018
Route de Quenast -
1430 Rebecq
Active since 1 January 2018
Rue de Jandrain(O) -
1350 Orp-Jauche
Active since 1 January 2018
Avenue des Moissons 16
1360 Perwez
Active since 1 January 2018
Rue de l'Artisanat -
1400 Nivelles
Active since 1 January 2018
Rue de l'Avenir(Jod.) -
1370 Jodoigne
Active since 1 January 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0200.362.210
- VAT number
- BE 0200.362.210
- Registered office
- Rue de la Religion 10, 1400 Nivelles
- Names & denominations
- in BW Association Intercommunale · in B.W.
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 26 February 1968
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected]
- Activities · NACE
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