What does Water-Link do?

Water-Link is a water company in Antwerpen. Opdrachthoudende vereniging (Vlaams Gewest), started on 14 November 1968, 8 establishments.

What is the address of Water-Link?

The registered office of Water-Link is located at Mechelsesteenweg 66, 2018 Antwerpen.

Is Water-Link still active?

Yes. According to the CBE (29 October 2026) Water-Link is active, legal situation “Normale toestand”, started on 14 November 1968.

Is Water-Link registered on Peppol?

Yes, Water-Link is registered on the Peppol network with ID 0208:0204923881.

What is the enterprise number of Water-Link?

The enterprise number of Water-Link is BE0204923881.

When was Water-Link founded?

Water-Link was founded on 14 November 1968.

Is Water-Link a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 November 1968; 5 annual accounts filed, latest fiscal year 2025; 16 directors known from the annual account; 8 establishments in the CBE.

How much profit did Water-Link make in 2025?

Water-Link posted a profit after taxes of € 16,509,006 in financial year 2025.

What is the revenue of Water-Link?

In its most recent annual accounts (2025), Water-Link reported revenue of € 254,546,322.

How much does an employee at Water-Link earn?

The average wage cost per full-time employee at Water-Link was € 119,700 in 2025: staff costs of € 57.6 million for 481 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Water-Link have?

According to the 2025 annual accounts, Water-Link has 481 full-time equivalents (FTE).

Water-Link - Antwerpen - BE0204923881

Q: Who are the directors of Water-Link?

According to the 2025 annual accounts, the directors of Water-Link are: Jitse Born, Ken Casier, Hakim Chadli, Sandra Maes, Ellen Stevens, Tatjana Scheck, Elke Brydenbach, Paul Cordy.

Dossier Water-Link, printed on 29 October 2026 from databakkes.be/en/0204923881/water-link. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Water-Link from Antwerpen, company number BE0204923881, closed financial year 2025 with a result of € 16.5 million after tax. For that financial year Water-Link recorded revenue of € 254.5 million and equity of € 313.7 million. Compared with financial year 2024, the result moved from € 16.9 million to € 16.5 million. The company is profitable. 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 9, 2026.

What it is worth Growing

€ 313.7 million

▲ 5% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 16.5 million

▼ 2% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 690,716

▼ 77% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 4.2 million paid out

25 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

481

▼ 3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 60.7 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 57.6 million

▲ 2% vs 2024

€ 119,700 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.

Vehicles and equipment

€ 5.4 million

▼ 12% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 44.1 million

▲ 52% vs 2024

€ 6.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 60.9 million

▲ 68% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.

Taxes and wages

€ 11 million

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 213,448,387 Revenue 2022: € 213,448,387 First fiscal year in the series	€ 227,636,274 Revenue 2023: € 227,636,274 ▲ 7% vs 2022 (€ 213,448,387) Favourable step	€ 225,867,491 Revenue 2024: € 225,867,491 ▼ 1% vs 2023 (€ 227,636,274) Unfavourable step	€ 254,546,322 Revenue 2025: € 254,546,322 ▲ 13% vs 2024 (€ 225,867,491) Favourable step	▲ 13%
Profit after taxes	€ 261,714 Profit after taxes 2022: € 261,714 First fiscal year in the series	€ 7,467,832 Profit after taxes 2023: € 7,467,832 ▲ € 7.2 million vs 2022 (€ 261,714) Favourable step	€ 16,917,021 Profit after taxes 2024: € 16,917,021 ▲ 127% vs 2023 (€ 7,467,832) Favourable step	€ 16,509,006 Profit after taxes 2025: € 16,509,006 ▼ 2% vs 2024 (€ 16,917,021) Unfavourable step	▼ 2%
Equity	€ 281,437,645 Equity 2022: € 281,437,645 First fiscal year in the series	€ 287,784,034 Equity 2023: € 287,784,034 ▲ 2% vs 2022 (€ 281,437,645) Favourable step	€ 299,741,405 Equity 2024: € 299,741,405 ▲ 4% vs 2023 (€ 287,784,034) Favourable step	€ 313,680,510 Equity 2025: € 313,680,510 ▲ 5% vs 2024 (€ 299,741,405) Favourable step	▲ 5%
Total debts	€ 207,495,490 Total debts 2022: € 207,495,490 First fiscal year in the series	€ 214,433,863 Total debts 2023: € 214,433,863 ▲ 3% vs 2022 (€ 207,495,490) Unfavourable step	€ 233,609,776 Total debts 2024: € 233,609,776 ▲ 9% vs 2023 (€ 214,433,863) Unfavourable step	€ 250,160,647 Total debts 2025: € 250,160,647 ▲ 7% vs 2024 (€ 233,609,776) Unfavourable step	▲ 7%
Cash	€ 25,547,885 Cash 2022: € 25,547,885 First fiscal year in the series	€ 12,215,800 Cash 2023: € 12,215,800 ▼ 52% vs 2022 (€ 25,547,885) Unfavourable step	€ 2,962,687 Cash 2024: € 2,962,687 ▼ 76% vs 2023 (€ 12,215,800) Unfavourable step	€ 690,716 Cash 2025: € 690,716 ▼ 77% vs 2024 (€ 2,962,687) Unfavourable step	▼ 77%
Land & buildings	€ 283,444,944 Land & buildings 2022: € 283,444,944 First fiscal year in the series	€ 291,031,189 Land & buildings 2023: € 291,031,189 ▲ 3% vs 2022 (€ 283,444,944) Unchanged	€ 330,636,279 Land & buildings 2024: € 330,636,279 ▲ 14% vs 2023 (€ 291,031,189) Unchanged	€ 347,359,497 Land & buildings 2025: € 347,359,497 ▲ 5% vs 2024 (€ 330,636,279) Unchanged	▲ 5%
Retained profit	€ 88,844,119 Retained profit 2022: € 88,844,119 First fiscal year in the series	€ 95,096,793 Retained profit 2023: € 95,096,793 ▲ 7% vs 2022 (€ 88,844,119) Favourable step	€ 108,033,086 Retained profit 2024: € 108,033,086 ▲ 14% vs 2023 (€ 95,096,793) Favourable step	€ 120,612,985 Retained profit 2025: € 120,612,985 ▲ 12% vs 2024 (€ 108,033,086) Favourable step	▲ 12%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 1,525,003 Dividend 2023: € 1,525,003 Unchanged (€ 0) Unchanged	€ 4,262,301 Dividend 2024: € 4,262,301 ▲ 179% vs 2023 (€ 1,525,003) Unchanged	€ 4,160,297 Dividend 2025: € 4,160,297 ▼ 2% vs 2024 (€ 4,262,301) Unchanged	▼ 2%
Bank debt	€ 38,684,540 Bank debt 2022: € 38,684,540 First fiscal year in the series	€ 33,825,147 Bank debt 2023: € 33,825,147 ▼ 13% vs 2022 (€ 38,684,540) Favourable step	€ 28,965,753 Bank debt 2024: € 28,965,753 ▼ 14% vs 2023 (€ 33,825,147) Favourable step	€ 44,106,360 Bank debt 2025: € 44,106,360 ▲ 52% vs 2024 (€ 28,965,753) Unfavourable step	▲ 52%
Balance sheet total	€ 491,814,176 Balance sheet total 2022: € 491,814,176 First fiscal year in the series	€ 505,078,763 Balance sheet total 2023: € 505,078,763 ▲ 3% vs 2022 (€ 491,814,176) Unchanged	€ 540,413,698 Balance sheet total 2024: € 540,413,698 ▲ 7% vs 2023 (€ 505,078,763) Unchanged	€ 571,527,021 Balance sheet total 2025: € 571,527,021 ▲ 6% vs 2024 (€ 540,413,698) Unchanged	▲ 6%
Employees (FTE)	494 Employees (FTE) 2022: 494 First fiscal year in the series	484 Employees (FTE) 2023: 484 ▼ 10 vs 2022 (494) Unchanged	484 Employees (FTE) 2024: 484 Unchanged (484) Unchanged	481 Employees (FTE) 2025: 481 ▼ 3 vs 2024 (484) Unchanged	▼ 3

Key figures of Water-Link, 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 Water-Link?

What happened at Water-Link in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 9, 2026 New annual accounts for financial year 2025: profit of € 16.5 million (▼ 2% vs 2024). Source: NBB ↗
2026 Hakim Chadli became a director. NBB
2026 Sven Vlietinck stepped down as director. NBB
2025 Jitse Born became a director. NBB
2025 Ken Casier became a director. NBB
2025 Sandra Maes became a director. NBB
2025 Ellen Stevens became a director. NBB
2025 Tatjana Scheck became a director. NBB

In short

From € 261,714 profit in 2022 to € 16.5 million profit in 2025.

Paid € 16.7 million in corporate taxes since 2022.

Best year ever: 2024, with € 16.9 million profit.

Paid out € 9.9 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Jitse Born

Ken Casier

Hakim Chadli

Sandra Maes

+11

Water-Link

PIDPA 11.4%

Behind Water-Link are Jitse Born, Ken Casier, Hakim Chadli, Sandra Maes, Ellen Stevens and Tatjana Scheck. It owns 11.4% of PIDPA itself.

Directors

According to the 2025 annual accounts

Jitse Born

Director

since 2025

Ken Casier

Chairman of the board

Also active at: PAMPERO WIND

since 2025

Hakim Chadli

Director

since 2026

Sandra Maes

Director

Also active at: Autonoom Gemeentebedrijf Sport en Ontspanning Hove

since 2025

Ellen Stevens

Director

since 2025

Tatjana Scheck

Director

Also active at: Antwerp Symphony Orchestra, GasthuisZusters Antwerpen, HETPALEIS, Studiecentrum voor Vlaamse Muziek, AMUZ (Festival van Vlaanderen-Antwerpen), Netwerk ZAS, ZIEKENHUIS AAN DE STROOM, Opera Ballet Vlaanderen

since 2025

Elke Brydenbach

Director

Also active at: Thuisrand

since 2025

Paul Cordy

Director

since 2025

Dirk Van de Poel

Vice-chairman of the board

since 2025

Christof Victor

Director

Also active at: INGENIEURSBURO VICTOR, Projectvereniging erfgoed Voorkempen

since 2025

Rik Van Herpen

Director

since 2025

Tjerk Sekeris

Director

Also active at: Pontes, Vzw LOKAAL CULTUURBELEID DISTRICT DEURNE, REGIONAAL LANDSCHAP DE VOORKEMPEN vzw

Koen Palinckx

Director

Also active at: Antwerp International School

since 2025

Sven Lievens

Director

since 2025

Danielle Meirsman

Director

since 2025

Sven Vlietinck

Director

Also active at: VLAAMSE ENERGIEHOLDING, FINEG, ZOMER VAN ANTWERPEN VZW, ASPIRAVI, ASPIRAVI OFFSHORE, TeaMWise, LUCHTHAVENONTWIKKELINGSMAATSCHAPPIJ VLAANDEREN, ASPIRAVI ENERGY +14 more

· until 2026

Establishments

Establishment units

Physical locations of this company

Registered office

Mechelsesteenweg 66

2018 Antwerpen

2.160.001.839

Herenpolderbrug 4

2020 Antwerpen

Active since 14 November 1968

2.160.002.136

Mechelsesteenweg 111

2840 Rumst

Active since 14 November 1968

2.160.002.730

Oudstrijdersstraat 199

2520 Ranst

Active since 14 November 1968

2.303.646.664

Notmeir 35

2570 Duffel

Active since 14 November 1968

2.303.646.763

Antwerpsestraat 258

2640 Mortsel

Active since 14 November 1968

2.303.646.961

Pleitstraat 5

9042 Gent

Active since 8 July 2019

2.303.647.060

Kruisschansweg zn

2030 Antwerpen

Active since 8 July 2019

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 →

Instelling voor bedrijfspensioenvoorziening water-link

Associated Investment Companies

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0204.923.881

VAT number

BE 0204.923.881

Registered office

Mechelsesteenweg 66, 2018 Antwerpen

Names & denominations

Water-Link

Enterprise type

Rechtspersoon

Legal form

Opdrachthoudende vereniging (Vlaams Gewest)

Legal situation

Normale toestand

Start date

14 November 1968

Peppol

Active · Active since 17 Dec 2025

Activities · NACE

Winning, behandeling en distributie van water

Winning, zuivering en distributie van water

View on CBE Public ↗ Annual accounts (NBB) ↗

Water-Link

Warning lights

Financials

What happened to Water-Link?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions