Financials
Financial year 2025
SOCIETE PUBLIQUE DE GESTION DE L'EAU from Verviers, company number BE0420651980, closed financial year 2025 with a result of € 27.3 million after tax. For that financial year SOCIETE PUBLIQUE DE GESTION DE L'EAU recorded revenue of € 450.2 million and equity of € 2.1 billion. Compared with financial year 2024, the result moved from € -8.1 million to € 27.3 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.
€ 2.1 billion
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27.3 million
▲ still € 8.1 million loss in 2024
Profit after tax over the fiscal year.
€ 118.4 million
▲ € 94.5 million 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 € 299.3 million.
People and assets in 2025
65
▲ 7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.7 million
▲ 14% vs 2024
€ 117,900 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.
€ 126,480
▲ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 billion
▲ 9% vs 2024
€ 130.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 93.6 million
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 108 days on average.
€ 8.3 million
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 413,785,550 | € 406,331,504 | € 411,939,131 | € 450,223,607 | ▲ 9% |
| Profit after taxes | € 7,397,237 | € 7,659,955 | € -8,137,478 | € 27,301,169 | ▲ € 35.4 million |
| Equity | € 2,008,775,128 | € 2,051,999,617 | € 2,081,268,063 | € 2,141,950,395 | ▲ 3% |
| Total debts | € 1,732,472,432 | € 1,652,003,322 | € 1,723,927,862 | € 1,897,230,928 | ▲ 10% |
| Cash | € 132,864,557 | € 30,398,794 | € 23,953,976 | € 118,412,969 | ▲ € 94.5 million |
| Land & buildings | € 1,964,886,435 | € 1,997,655,552 | € 2,017,534,251 | € 1,987,865,343 | ▼ 1% |
| Retained profit | € 272,941,517 | € 280,106,372 | € 271,968,894 | € 299,270,063 | ▲ 10% |
| Dividend | € 372,816 | € 495,100 | € 0 | € 0 | |
| Bank debt | € 1,595,027,140 | € 1,499,464,296 | € 1,600,601,269 | € 1,742,538,973 | ▲ 9% |
| Balance sheet total | € 3,793,069,389 | € 3,738,294,259 | € 3,833,590,128 | € 4,058,962,696 | ▲ 6% |
| Employees (FTE) | 54.2 | 52.7 | 58 | 65 | ▲ 7 |
Key figures of SOCIETE PUBLIQUE DE GESTION DE L'EAU, 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 SOCIETE PUBLIQUE DE GESTION DE L'EAU?
What happened at SOCIETE PUBLIQUE DE GESTION DE L'EAU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain GILLIS stepped down as director. NBB
- Jean-Denis LEJEUNE stepped down as director. NBB
- Hélène LEBRUN stepped down as director. NBB
- Thomas SALDEN stepped down as director. NBB
- Véronique DELVAUX MAULEON stepped down as director. NBB
- Mireille FRANCOTTE stepped down as director. NBB
- Stéphane NICOLAS stepped down as director. NBB
- Emmanuelle VANDAMME stepped down as director. NBB
In short
From € 7.4 million profit in 2022 to € 27.3 million profit in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2025, with € 27.3 million profit.
Paid out € 867,916 in dividends to the owners in total.
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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
The stake of SOCIETE DE FINANCEMENT DES EAUX, SOCOFE, SOCIETE WALLONNE DES EAUX, Intercommunale namuroise de Services publics, "I.D.E.A. S.C", in BW Association Intercommunale comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOCIETE PUBLIQUE DE GESTION DE L'EAUThe shares are held by SOCIETE DE FINANCEMENT DES EAUX (50%), SOCOFE (11.5%), SOCIETE WALLONNE DES EAUX (9%), Intercommunale namuroise de Services publics (2.8%), "I.D.E.A. S.C" (1%) and in BW Association Intercommunale. It owns 108.8% of S.W.D.E., 50% of Digit'eaux and 20% of CITV itself.
Directors
According to the 2025 annual accounts
Alain GILLIS
Director
Also active at: WE Environnement, AQUAWAL, ORES Assets, WATER & CONSTRUCT EXPERTISE, Société digitale des Eaux de Wallonie, OPERATEUR DE RESEAUX D'ENERGIES
since 2025 · until 2030
Jean-Denis LEJEUNE
Director
since 2025 · until 2030
since 2025 · until 2030
since 2023 · until 2025
Michel LEMMENS
Director
since 2024 · until 2025
Thomas SALDEN
Director
since 2025 · until 2030
Véronique DELVAUX MAULEON
Director
since 2025 · until 2030
Mireille FRANCOTTE
Director
since 2025 · until 2030
Stéphane NICOLAS
Chairman of the board
Also active at: SOCIETE WALLONNE DES EAUX, SOCIETE DE FINANCEMENT DES EAUX
since 2025 · until 2030
Emmanuelle VANDAMME
Vice-chairman of the board
since 2025 · until 2030
Sophie DELETTRE
Director
Also active at: SOCIETE WALLONNE DES EAUX, CENTRE D'ACCUEIL LES HEURES CLAIRES, Agence locale pour l'Emploi de Spa, Le Circuit de Spa Francorchamps
since 2023 · until 2025
Pierre LEONARD
Director
since 2025 · until 2030
since 2025 · until 2030
Christina DEWART
Director
since 2023 · until 2025
since 2023 · until 2025
Nicola DE PALMA
Director
Also active at: MAISON DU TOURISME DE LA REGION DE MONS, PORT DE PLAISANCE DU GRAND LARGE A MONS
since 2025 · until 2030
since 2025 · until 2030
André ROBERT
Director
since 2024 · until 2025
since 2025 · until 2030
Dominique PERRIN
Director
since 2023 · until 2025
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Rue des Ecoles 17-19
4800 Verviers
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.651.980
- VAT number
- BE 0420.651.980
- Registered office
- Rue des Ecoles 17-19, 4800 Verviers
- Names & denominations
- SOCIETE PUBLIQUE DE GESTION DE L'EAU · SPGE · SA DE DROIT PUBLIC SUITE AU DECRET RW du 15041999 (cfr 0110 05081999 99D0002)
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 1980
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected]
- Activities · NACE
Openbaar bestuur op het gebied van het bedrijfsleven; stimuleren van het bedrijfsleven
Activiteiten van openbare instellingen m.b.t. economische aangelegenheden
Afvalwaterafvoer
Afvalwaterinzameling en -behandeling