Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
WATERLEAU GROUP from Haacht, company number BE0473254189, closed financial year 2025 with a result of € -5.5 million after tax. For that financial year WATERLEAU GROUP recorded revenue of € 70.7 million and equity of € 27.4 million. Compared with financial year 2024, the result moved from € -8 million to € -5.5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 27.4 million
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.5 million
▲ 32 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4.5 million
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
People and assets in 2025
109.5
▼ 159.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.1 million
▼ 3% vs 2024
€ 129,200 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.
€ 1.4 million
▼ 3% vs 2024
Of which on lease € 1 million.
Debts at end 2025
€ 24.9 million
▼ 15% vs 2024
€ 662,131 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 20.8 million
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 144 days on average.
€ 5.5 million
▲ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 55,389,731 | € 54,464,617 | € 70,670,437 | ▲ 30% |
| Profit after taxes | € 1,925,818 | € -7,999,625 | € -5,463,784 | ▲ € 2.5 million |
| Equity | € 36,725,691 | € 32,869,390 | € 27,405,606 | ▼ 17% |
| Total debts | € 59,558,920 | € 58,921,262 | € 66,413,573 | ▲ 13% |
| Cash | € 6,657,657 | € 3,963,320 | € 4,537,452 | ▲ 14% |
| Land & buildings | € 8,722,478 | € 17,503,972 | € 16,752,963 | ▼ 4% |
| Retained profit | € 16,852,780 | € 3,288,145 | € -1,864,161 | ▼ € 5.2 million |
| Bank debt | € 28,128,988 | € 29,358,833 | € 24,920,641 | ▼ 15% |
| Balance sheet total | € 97,054,505 | € 93,268,562 | € 95,181,450 | ▲ 2% |
| Employees (FTE) | 217.5 | 268.6 | 109.5 | ▼ 159.1 |
Key figures of WATERLEAU GROUP, 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 WATERLEAU GROUP?
What happened at WATERLEAU GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- JH Partners BV stepped down as director. NBB
- Tom Melotte BV stepped down as director. NBB
- Jemi Consult BV stepped down as director. NBB
- JLD Impact EURL stepped down as director. NBB
- Jan Van Looy stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5.5 million. Source: NBB ↗
- JH Partners BV became a director. NBB
- Paladan BV stepped down as director. NBB
In short
From € 1.9 million profit in 2022 to € 5.5 million loss in 2025.
Paid € 2.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.9 million profit.
Pays suppliers within 144 days on average.
A new publication or filing at WATERLEAU GROUP? 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
The stake of J.M. RECYCLING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WATERLEAU GROUPThe shares are held by J.M. RECYCLING (93.7%). It owns 100% of WATERLEAU SERVICES FRANCE, 100% of KARY-PLANAQUA, 100% of WATERLEAU FRANCE, 100% of WATERLEAU IRELAND, 100% of WATERLEAU SERVICES GERMANY and 100% of WATERLEAU USA itself.
Directors
According to the 2025 annual accounts
JLD Impact EURL
Director · represented by Jean-Luc Desire
since 2024 · until 2030
since 2026 · until 2031
Director · represented by Tom Melotte
Also active at: Maasland Groefuitbating, Remo - Milieubeheer, Genk Cargo Connect, Machiels, TAMORCO, MACHIELS REAL ESTATE, MATRACO, MAC² SHIPPING +20 more
since 2025 · until 2031
since 2024 · until 2026
Director · represented by Marieke Meugens
Also active at: Maasland Groefuitbating, Remo - Milieubeheer, Genk Cargo Connect, Machiels, TAMORCO, MACHIELS REAL ESTATE, MATRACO, MAC² SHIPPING +22 more
since 2023 · until 2025
Director · represented by Louis Machiels
Also active at: Maasland Groefuitbating, Remo - Milieubeheer, Genk Cargo Connect, Machiels, TAMORCO, Waterleau Technics, MACHIELS REAL ESTATE, MATRACO +57 more
since 2025 · until 2031
Jan Van Looy
Director
Also active at: Genk Cargo Connect, URBICOON, EXPANDUS, VILOMA, FLOATING PV, Port of Limburg, Port of Limburg Real Estate, ZONNECENTRALE LOMMEL +3 more
since 2021 · until 2027
Shareholders
93.7%
Participations
WATERLEAU SERVICES FRANCE
100%
KARY-PLANAQUA
100%
WATERLEAU FRANCE
100%
WATERLEAU IRELAND
100%
WATERLEAU SERVICES GERMANY
100%
100%
WATERLEAU VIETNAM
100%
WATERLEAU NETHERLANDS
100%
WATERLEAU MEXICO
100%
100%
WATERLEAU ASIA
100%
100%
WATERLEAU TURKEY
100%
WATERLEAU WEST-AFRICA
100%
WATERLEAU EGYPT
99%
WATERLEAU PORTUGAL
99%
33.3%
Establishments
Establishment units
Physical locations of this company
Nieuwstraat(WSP) 26
3150 Haacht
Wissenstraat 21
9200 Dendermonde
Active since 1 January 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0473.254.189
- VAT number
- BE 0473.254.189
- Registered office
- Nieuwstraat(WSP) 26, 3150 Haacht
- Names & denominations
- WATERLEAU GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Technische studiën en ingenieursactiviteiten
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Waterbouw, muv baggerwerken
Winning, behandeling en distributie van water
Winning, zuivering en distributie van water
Overige waterbouw