Financials
Financial year 2025
Willis Towers Watson from Liège, company number BE0415981926, closed financial year 2025 with a result of € 16.2 million after tax. For that financial year Willis Towers Watson recorded revenue of € 131.4 million and equity of € 106 million. Compared with financial year 2024, the result moved from € 14.3 million to € 16.2 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 106 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16.2 million
▲ 13% vs 2024
Profit after tax over the fiscal year.
€ 305.5 million
▲ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 16.2 million paid out
100 % of the profit went to the shareholders, mostly to Willis Europe B.V (100 % of the shares). That is where the money ends up.
People and assets in 2025
123.7
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.9 million
€ 120,500 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.
€ 15,835
▲ 198% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 118.4 million
Loans from banks and other lenders, long and short.
€ 655.8 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 2954 days on average.
€ 14 million
▲ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 112,772,634 | € 113,962,864 | € 126,527,060 | € 131,425,125 | ▲ 4% |
| Profit after taxes | € 8,280,986 | € 9,183,446 | € 14,300,899 | € 16,198,490 | ▲ 13% |
| Equity | € 110,496,551 | € 99,679,997 | € 105,980,896 | € 105,980,896 | |
| Total debts | € 523,041,371 | € 625,942,900 | € 822,974,142 | € 809,219,900 | ▼ 2% |
| Cash | € 104,846,618 | € 120,026,564 | € 159,839,558 | € 305,477,659 | ▲ 91% |
| Retained profit | € 20,357,297 | € 9,540,743 | € 15,841,642 | € 15,841,642 | |
| Dividend | € 8,280,986 | € 20,000,000 | € 8,000,000 | € 16,198,490 | ▲ 102% |
| Bank debt | € 0 | € 0 | € 118,559,891 | € 118,362,620 | |
| Balance sheet total | € 633,537,922 | € 725,622,897 | € 928,955,038 | € 915,200,796 | ▼ 1% |
| Employees (FTE) | 102.4 | 116.2 | 120.5 | 123.7 | ▲ 3.2 |
Key figures of Willis Towers Watson, 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 Willis Towers Watson?
What happened at Willis Towers Watson in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16.2 million (▲ 13% vs 2024). Source: NBB ↗
- Alastair SWIFT stepped down as director. NBB
- Nicholas James HARVEY stepped down as director. NBB
- Hugo Antonius Martinus WEGBRANS stepped down as director. NBB
- Stefan WEDA stepped down as director. NBB
- Anjana SHAH stepped down as director. NBB
- Nicholas James HARVEY became a director. NBB
- Anne PULLUM stepped down as director. NBB
In short
From € 8.3 million profit in 2022 to € 16.2 million profit in 2025.
Paid € 29.7 million in corporate taxes since 2022.
Best year ever: 2025, with € 16.2 million profit.
Paid out € 52.5 million in dividends to the owners in total.
Management
The shares are held by Willis Europe B.V (99.9%) and Willis International Limited (0.1%). It owns 100% of WILLIS TOWERS WATSON CONSULTING BV and 5% of WILLIS TOWERS WATSON MANAGEMENT (LUXEMBOURG) SA itself.
Directors
According to the 2025 annual accounts
Anjana SHAH
Director
since 2023 · until 2026
Alastair SWIFT
Managing director, Director
since 2021 · until 2026
Nicholas James HARVEY
Director
since 2026 · until 2026
Hugo Antonius Martinus WEGBRANS
Director
since 2025 · until 2026
Stefan WEDA
Managing director, Director
since 2023 · until 2026
Anne PULLUM
Director
since 2019 · until 2025
Shareholders
Willis Europe B.V
99.9%
Willis International Limited
0.1%
Participations
WILLIS TOWERS WATSON MANAGEMENT (LUXEMBOURG) SA
5%
Establishments
Establishment units
Physical locations of this company
Quai des Vennes 18-20
4020 Liège
Da Vincilaan 5
1930 Zaventem
Active since 1 January 1976
Hendrik van Veldekesingel 150 box 120
3500 Hasselt
Active since 1 January 1976
Quai des Vennes 18 box 20
4020 Liège
Active since 1 January 1976
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →GAUDER & Co
€ 200,533 gross margin · 2025
SUDEL
€ 231,988 gross margin · 2025
ALPINA
€ -4,147 gross margin · 2025
AX CAPITAL
€ 8,094 gross margin · 2025
BELFI+
€ 182,937 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.981.926
- VAT number
- BE 0415.981.926
- Registered office
- Quai des Vennes 18-20, 4020 Liège
- Names & denominations
- Willis Towers Watson
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1975
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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