Skip to content

Water-Link

Active
Opdrachthoudende vereniging (Vlaams Gewest)founded 1968active for 57 yearsMechelsesteenweg 66, 2018 Antwerpen, BelgiumKBO/BCE: BE 0204.923.881
Summary

Water-Link has the legal form “Opdrachthoudende vereniging (Vlaams Gewest)” in the KBO. Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €313.7m and a net result of €16.5m. Equity has been growing by about 2.7% per year since 2018. Its solvency ranks better than 62% of 65 sector peers (NACE 36, financial year 2025). The company has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
Water-LinkActiveChecked score 66/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 14-11-1968 Normal situation
Activity
Water collection, treatment and supply NACE 36000
Establishment units
2.160.001.542 2018 Antwerpen, since 14-11-1968
2.160.001.839 2020 Antwerpen, since 14-11-1968and 6 others
Financial year end
31 December
Peppol
Reachable since 17-12-2025
Company details

Board and ownership

Board
and 12 others
Auditor
Grant Thornton Accountancy, Tax & Legal
Holdings
Shares in 2 companies Pidpa and Doccle
Board & ownership

Financial position

66 Healthy Checked score 2025
Bankruptcy probability: legal form outside the model
Annual accounts 2025
Turnover
€254.5m
▲ 12.7%
Profit
€16.5m
▼ 2.4%
Equity
€313.7m
▲ 4.7%
Total assets
€571.5m
▲ 5.8%
Employees on 31-12-2025
488
▼ 1.4%
Financials
SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Score 2025
66 / 100
Healthy▲ +1 on 2024
Without a bankruptcy probability, the score rests on the figures alone.
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 80=
equity 54.9% of total assets
Liquidity 36=
short-term debt 33.3% · cash 0.1%
Profitability 82=
return on assets 2.9%
Bankruptcy probability within 12 months

The KBO gives the legal form as “Opdrachthoudende vereniging (Vlaams Gewest)”. There is no bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.

Credit of up to €20,700,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.53 (0.36 in 2024), below 1. Short-term debt is 33.3% and cash 0.1% of total assets. 45.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
22 days early
2024
23 days early
2023
41 days early
2022
32 days early
2021
33 days early
2020
26 days early
2019
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 31 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest company by total assets in Antwerp, Water and waste sectorin the Checked rankings No. 1 View
  • Flemish supportawarded from 2022 to 2025 €106.4m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €16.5m 7 years View
  • Board changedlatest change 30-04-2026 · 15 in office 1 joined · 1 left View

Recent changes

  1. · Gazette deed Resignation: Sven Vlietinck (director)Appointment: Hakim Chadli (director)
  2. · Gazette deed Withdrawals: Kalmthout (member) and Kapellen (member)
  3. · Gazette deed Resignations & appointments
All 23 events

Comparable companies

These companies have the same main activity as Water-Link: water collection, treatment and supply (NACE 36000). They are comparable in size and age: total assets between €186m and €3.8bn, founded between 1913 and 1986.

CompanyTotal assetsTurnover
Water-Link Antwerpen€571.5m€254.5m
VIVAQUA Brussel€1,759.6m€356.0m
Compagnie Intercommunale Liégeoise des Eaux Liège€460.1m€159.7m
SOCIETE WALLONNE DES EAUX Verviers€2,555.9m€631.3m
Farys Gent€3,813.1m€576.9m
Intercommunale namuroise de Services publics Namur€185.8m€49.1m
Vlaamse Maatschappij voor Watervoorziening Schaarbeek€2,419.8m€974.0m
Full comparison

Key facts about Water-Link
What is the company number of Water-Link?
The company number of Water-Link is 0204.923.881. The VAT number is the same number with BE in front: BE 0204.923.881.
Where is Water-Link based?
The registered office is at Mechelsesteenweg 66, 2018 Antwerpen.Company details
What does Water-Link do?
According to the KBO register, the main activity is water collection, treatment and supply (NACE 36000).
What is the legal form of Water-Link?
The legal form of Water-Link is Opdrachthoudende vereniging (Vlaams Gewest).
When was Water-Link founded?
Water-Link was founded on 14-11-1968.
Is Water-Link still active?
Yes, Water-Link is an active enterprise in the KBO register.
How many employees does Water-Link have?
Water-Link had an average of 481 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Water-Link?
The turnover of Water-Link was €254.5m in financial year 2025, according to the filed annual accounts.
Is Water-Link profitable?
In financial year 2025, Water-Link made a profit of €16.5m.
Where can I find the annual accounts of Water-Link?
Water-Link filed 58 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Water-Link due?
Water-Link must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure