Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RESEAU D'ENERGIES DE WAVRE from Wavre, company number BE0644638937, closed financial year 2025 with a result of € 196,086 after tax. For that financial year RESEAU D'ENERGIES DE WAVRE recorded revenue of € 14.7 million and equity of € 62 million. Compared with financial year 2024, the result moved from € -255,744 to € 196,086. 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 August 18, 2026.
€ 62 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 196,086
▲ still € 255,744 loss in 2024
Profit after tax over the fiscal year.
€ 1.8 million
▼ 53% 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 € 748,787.
People and assets in 2025
35
▲ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▲ 8% vs 2024
€ 100,900 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.
€ 314,645
▲ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11.1 million
▼ 7% vs 2024
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 8.1 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 290 days on average.
€ 574,970
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,804,893 | € 13,110,084 | € 13,221,985 | € 14,717,850 | ▲ 11% |
| Profit after taxes | € 273,870 | € -74,610 | € -255,744 | € 196,086 | ▲ € 451,831 |
| Equity | € 61,441,667 | € 61,367,057 | € 61,789,403 | € 61,985,489 | |
| Total debts | € 18,346,405 | € 17,589,884 | € 21,493,506 | € 22,419,585 | ▲ 4% |
| Cash | € 6,276,793 | € 2,309,980 | € 3,747,507 | € 1,767,142 | ▼ 53% |
| Land & buildings | € 8,599,568 | € 8,373,477 | € 8,147,386 | € 7,921,296 | ▼ 3% |
| Retained profit | € 883,055 | € 808,445 | € 552,700 | € 748,787 | ▲ 35% |
| Dividend | € 1,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 10,983,538 | € 10,198,437 | € 11,953,071 | € 11,147,516 | ▼ 7% |
| Balance sheet total | € 80,124,073 | € 79,292,941 | € 83,342,909 | € 84,465,074 | ▲ 1% |
| Employees (FTE) | 29.1 | 29.9 | 32 | 35 | ▲ 3 |
Key figures of RESEAU D'ENERGIES DE WAVRE, 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 RESEAU D'ENERGIES DE WAVRE?
What happened at RESEAU D'ENERGIES DE WAVRE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benoit RAUCENT stepped down as director. NBB
- Guillau DE WOUTERS DE BOUCHOUT stepped down as director. NBB
- Paul BRASSEUR stepped down as director. NBB
- Pascale COLLET-NEWMAN stepped down as director. NBB
- Marie-Pierre JADIN stepped down as director. NBB
- Qassem FOSSEPREZ stepped down as director. NBB
- Luc GILLARD stepped down as director. NBB
- Cédric MORTIER stepped down as director. NBB
In short
From € 273,870 profit in 2022 to € 196,086 profit in 2025.
Paid € 183,715 in corporate taxes since 2022.
Best year ever: 2022, with € 273,870 profit.
Paid out € 1 million in dividends to the owners in total.
A new publication or filing at RESEAU D'ENERGIES DE WAVRE? 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 in BW Association Intercommunale comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RESEAU D'ENERGIES DE WAVREThe shares are held by in BW Association Intercommunale. It owns 25% of AREWAL itself.
Directors
According to the 2025 annual accounts
Guillau DE WOUTERS DE BOUCHOUT
Director
since 2025 · until 2030
Paul BRASSEUR
Director
since 2025 · until 2030
Pascale COLLET-NEWMAN
Director
since 2025 · until 2030
since 2025 · until 2030
Qassem FOSSEPREZ
Director
since 2025 · until 2030
Benoit RAUCENT
Chairman of the board
since 2025 · until 2030
since 2025 · until 2030
since 2025 · until 2030
Gatie DE RADZIZSKY D'OSTROWICK
Director
since 2025 · until 2030
Madeleine GUYOT
Director
since 2025 · until 2030
Shareholders
Participations
25%
Establishments
Establishment units
Physical locations of this company
Rue Provinciale 265
1301 Wavre
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0644.638.937
- VAT number
- BE 0644.638.937
- Registered office
- Rue Provinciale 265, 1301 Wavre
- Names & denominations
- RESEAU D'ENERGIES DE WAVRE · REW
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 18 December 2015
- Peppol
- Active · Active since 16 Jul 2026
- Contact
- rew.be [email protected] 010/22.26.53
- Activities · NACE
Distributie van elektriciteit
Gemeentelijke overheid, met uitzondering van het OCMW