Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
S.C. COMPAGNIE INTERCOMMUNALE DES EAUX DE LA SOURCE DE LES AVINS GROUPE DE CLAVIER from Clavier, company number BE0205620501, closed financial year 2025 with a result of € -28,794 after tax. For that financial year S.C. COMPAGNIE INTERCOMMUNALE DES EAUX DE LA SOURCE DE LES AVINS GROUPE DE CLAVIER recorded a gross margin of € 1.2 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € -73,435 to € -28,794. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 1.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,794
▲ 61 % less loss than in 2024
Profit after tax over the fiscal year.
€ 462,061
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 528,989.
People and assets in 2025
5.6
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 426,887
€ 76,200 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.
€ 52,840
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 532,776
▼ 12% vs 2024
€ 86,936 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 733,977
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 68,967
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,009,787 | € 1,080,300 | € 1,069,099 | € 1,195,275 | ▲ 12% |
| Profit after taxes | € -103,840 | € -102,871 | € -73,435 | € -28,794 | ▲ € 44,641 |
| Equity | € 1,458,429 | € 1,397,644 | € 1,363,218 | € 1,342,743 | ▼ 2% |
| Total debts | € 1,145,409 | € 1,115,406 | € 1,480,405 | € 1,437,022 | ▼ 3% |
| Cash | € 625,347 | € 395,810 | € 608,208 | € 462,061 | ▼ 24% |
| Land & buildings | € 94,721 | € 84,013 | € 73,305 | € 62,598 | ▼ 15% |
| Retained profit | € 734,089 | € 631,218 | € 557,783 | € 528,989 | ▼ 5% |
| Bank debt | € 408,029 | € 358,383 | € 608,364 | € 532,776 | ▼ 12% |
| Balance sheet total | € 2,767,051 | € 2,724,187 | € 3,054,992 | € 2,995,948 | ▼ 2% |
| Employees (FTE) | 5.7 | 5.6 | 5.8 | 5.6 | ▼ 0.2 |
Key figures of S.C. COMPAGNIE INTERCOMMUNALE DES EAUX DE LA SOURCE DE LES AVINS GROUPE DE CLAVIER, 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 S.C. COMPAGNIE INTERCOMMUNALE DES EAUX DE LA SOURCE DE LES AVINS GROUPE DE CLAVIER?
What happened at S.C. COMPAGNIE INTERCOMMUNALE DES EAUX DE LA SOURCE DE LES AVINS GROUPE DE CLAVIER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 28,794. Source: NBB ↗
- Dominique ALBANESE became a director. NBB
- Benjamin OLIVIER became a director. NBB
- Emmanuelle LECOMTE became a director. NBB
- Agnes PARIS became a director. NBB
- Philippe DUBOIS became a director. NBB
- Magali BEUGNIER became a director. NBB
- Alain HUPPE became a director. NBB
In short
From € 103,840 loss in 2022 to € 28,794 loss in 2025.
Paid € 2,399 in corporate taxes since 2022.
On average € 213,400 of value added per employee in 2025.
Management
Behind S.C. COMPAGNIE INTERCOMMUNALE DES EAUX DE LA SOURCE DE LES AVINS GROUPE DE CLAVIER are Benjamin OLIVIER, Philippe DUBOIS, Dominique ALBANESE, Michel PREVOT, Magali BEUGNIER and Alain HUPPE. Benjamin OLIVIER is also behind Régie communale autonome de Clavier. Philippe DUBOIS is also behind Fondation rurale de Wallonie, Union des Villes et Communes de Wallonie, Centre d'Orientation et de Formation and INTERCOMMUNALE DE MUTUALISATION EN MATIERE INFORMATIQUE ET ORGANISATIONNELLE. Michel PREVOT is also behind Michel PREVOT.
Directors
According to the 2025 annual accounts
since 2025
Philippe DUBOIS
Director
Also active at: Fondation rurale de Wallonie, Union des Villes et Communes de Wallonie, Centre d'Orientation et de Formation, INTERCOMMUNALE DE MUTUALISATION EN MATIERE INFORMATIQUE ET ORGANISATIONNELLE
since 2025
Dominique ALBANESE
Director
since 2025
since 2019
Magali BEUGNIER
Director
since 2024
Alain HUPPE
Chairman of the board
since 2024
Emmanuelle LECOMTE
Director
since 2025
Agnes PARIS
Director
since 2025
William DENIS
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Rue de la Source 10
4560 Clavier
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0205.620.501
- VAT number
- BE 0205.620.501
- Registered office
- Rue de la Source 10, 4560 Clavier
- Names & denominations
- S.C. COMPAGNIE INTERCOMMUNALE DES EAUX DE LA SOURCE DE LES AVINS GROUPE DE CLAVIER · CIESAC
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 26 Jan 2026
- Contact
- [email protected]
- Activities · NACE
Winning, behandeling en distributie van water
Winning, zuivering en distributie van water