Financials
Financial year 2025
SOCIETE WALLONNE DES AEROPORTS from Namur, company number BE0475247837, closed financial year 2025 with a result of € 299,618 after tax. For that financial year SOCIETE WALLONNE DES AEROPORTS recorded revenue of € 38.6 million and equity of € 366.9 million. Compared with financial year 2024, the result moved from € 7.4 million to € 299,618. 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 2, 2026.
€ 366.9 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 299,618
▼ 96% vs 2024
Profit after tax over the fiscal year.
€ 49.8 million
▲ 4% 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 € -46 million.
People and assets in 2025
67.8
▼ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.7 million
▲ 7% vs 2024
€ 113,400 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.
€ 356,282
▲ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 101.8 million
▼ 10% vs 2024
€ 11.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 10.8 million
▲ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 567 days on average.
€ 3.5 million
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 53,821,951 | € 75,593,260 | € 56,329,550 | € 38,626,735 | ▼ 31% |
| Profit after taxes | € 7,338,369 | € 18,451,528 | € 7,406,412 | € 299,618 | ▼ 96% |
| Equity | € 313,248,375 | € 343,020,283 | € 361,271,358 | € 366,921,528 | ▲ 2% |
| Total debts | € 196,550,294 | € 160,961,069 | € 132,974,606 | € 124,825,416 | ▼ 6% |
| Cash | € 13,847,382 | € 29,913,742 | € 48,127,671 | € 49,844,955 | ▲ 4% |
| Land & buildings | € 300,001,257 | € 281,883,872 | € 259,911,325 | € 262,604,323 | ▲ 1% |
| Retained profit | € -72,128,014 | € -53,676,486 | € -46,270,073 | € -45,970,456 | ▲ € 299,618 |
| Bank debt | € 174,037,369 | € 138,392,606 | € 113,517,284 | € 101,787,221 | ▼ 10% |
| Balance sheet total | € 509,798,669 | € 503,981,351 | € 494,245,965 | € 491,746,944 | ▼ 1% |
| Employees (FTE) | 69.2 | 70.2 | 70.7 | 67.8 | ▼ 2.9 |
Key figures of SOCIETE WALLONNE DES AEROPORTS, 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 WALLONNE DES AEROPORTS?
What happened at SOCIETE WALLONNE DES AEROPORTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- THOMAS DECHAINEUX stepped down as director. NBB
- VINCENT MOYSE stepped down as director. NBB
- MICHAEL VAN DEN KERKHOVE stepped down as director. NBB
- Déborah DEPAUW stepped down as director. NBB
- NASTAJA WARTEL stepped down as director. NBB
- LAURA IKER stepped down as director. NBB
- NICOLE MARECHAL stepped down as director. NBB
- MARC DENEVE stepped down as director. NBB
In short
From € 7.3 million profit in 2022 to € 299,618 profit in 2025.
Paid € 4 million in corporate taxes since 2022.
Best year ever: 2023, with € 18.5 million profit.
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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
It owns 100% of SOCIETE DE GESTION DE L'AERODROME DE SPA, 24.1% of LIEGE AIRPORT and 16.1% of BRUSSELS SOUTH CHARLEROI AIRPORT itself.
Directors
According to the 2025 annual accounts
THOMAS DECHAINEUX
Government commissioner
Also active at: La Joie du Foyer, Société de Gestion de l'Aérodrome de Spa
since 2024 · until 2029
since 2022 · until 2027
Déborah DEPAUW
Director
Also active at: SOCIETE D'ASSAINISSEMENT ET DE RENOVATION DES SITES INDUSTRIELS DU BRABANT WALLON, B.E. Fin, SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON, Lease.BW, DP PROJECT, DDP INVEST, B2START, Société de Financement de Projets Structurants de l'Est du Brabant Wallon
since 2022 · until 2027
NASTAJA WARTEL
Director
since 2022 · until 2027
LAURA IKER
Director
Also active at: ASSOCIATION INTERCOMMUNALE POUR LE DEMERGEMENT ET L'EPURATION DES COMMUNES DE LA PROVINCE DE LIEGE, CENTRE DE RECHERCHE ET D'INFORMATION SOCIO-POLITIQUES, Centre de recherche et d'information socio-politiques, Société de Gestion de l'Aérodrome de Spa
since 2022 · until 2027
NICOLE MARECHAL
Director
Also active at: Compagnie Intercommunale Liégeoise des Eaux, CENTRE HOSPITALIER REGIONAL DE LA CITADELLE, CHU-IMMO, ELIPSE, RESEAU HOSPITALIER UNIVERSITAIRE, Société de Gestion de l'Aérodrome de Spa
since 2022 · until 2027
since 2024 · until 2029
MARC DENEVE
Vice-chairman of the board
since 2022 · until 2027
since 2022 · until 2027
FRANCOISE LEJEUNE
Director
Also active at: SOCIETE D'ASSAINISSEMENT ET DE RENOVATION DES SITES INDUSTRIELS DU BRABANT WALLON, Liege airport, Centre d'Orientation et de Formation, Société de Financement de Projets Structurants de l'Est du Brabant Wallon, SOCIETE LIEGEOISE DE GESTION FONCIERE
since 2022 · until 2027
LAURENT BLANCHART
Chairman of the board
since 2022 · until 2027
LAURENT JOSSART
Director
since 2022 · until 2027
since 2022 · until 2027
Establishments
Establishment units
Physical locations of this company
Rue Benjamin Franklin(RH) 1B
5020 Namur
Avenue des Dessus de Lives(LO) 8
5101 Namur
Active since 23 July 2001
Rue des Frères Wright 29
6041 Charleroi
Active since 8 January 2019
Rue des Fusillés 8
6040 Charleroi
Active since 10 July 2014
Rue de l'Aéroport 50 box 2ème ét
4460 Grâce-Hollogne
Active since 15 October 2012
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.247.837
- VAT number
- BE 0475.247.837
- Registered office
- Rue Benjamin Franklin(RH) 1B, 5020 Namur
- Names & denominations
- SOCIETE WALLONNE DES AEROPORTS · SOWAER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2001
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Overige dienstverlenende activiteiten op het gebied van informatie
Financiële lease
Diverse administratieve activiteiten ten behoeve van kantoren
Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.