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SPAQuE

Active
Public limited companyfounded 199135 yrs activeAvenue Maurice-Destenay 13, 4000 Liège, BelgiumKBO/BCE: BE 0243.929.462
Summary

The annual accounts of SPAQuE for fiscal year 2025 show a net loss of 392% of the equity at the start of that year. The 2025 annual accounts show equity of €55.9m and a net result of -€30.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 90 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
59 / 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-7
Solvency37▲+11
Growth40▼-2
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,050,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.61 against 3.03 in 2024; short-term debt: 20.8% and cash: 44% of total assets), but 88.4% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 39
Relative position
BE, all sectors
reference
Remediation activities and other waste management service activities (NACE 39)
about 46% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
11.6%
Return on assets
-6.3%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 90 sector peers (2025).
NBB · sector comparison
Position among 90 sector peers
Solvency
better than 25%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €55.9m
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
21 d early
2023
54 d early
2022
24 d early
2021
48 d early
2020
19 d early
2019
14 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SPAQuE was incorporated on 13 March 1991.1 Between 2011 and 2026 the capital was increased 11 times, most recently to EUR 108 million.234 The registered office was moved to Liège in 2020.5 The board currently has 10 members; Valérie SARETTO has served longest, since 2018.4 Revenue fell from EUR 16 million in 2018 to EUR 11 million in 2025 and headcount from 83.2 to 84.4 full-time equivalents.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 14-06-2011
  3. 3Belgian State Gazette, 23-12-2025
  4. 4Belgian State Gazette, 14-07-2026
  5. 5Belgian State Gazette, 04-05-2020
  6. 6National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€10.6m▼ 14.7%
2024 · €12.4m
EBIT margin
12.6%▼ 16.2pp
2024 · 28.8%
Net result
-€30.1m▼ 8.5%
2024 · -€27.8m
Working capital
€360.4m▲ 4.4%
2024 · €345.3m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€43.4m▲ 76.6%€37.8m▼ 12.9%€28.7m▼ 24.0%€12.4m▼ 56.6%€10.6m▼ 14.7%
Operating result-€61.3m€8.3m€743,268▼ 91.1%€3.6m▲ 383%€1.3m▼ 62.7%
Net result-€26.1m▲ 1.8%-€18.4m▲ 29.5%-€31.3m▼ 70.1%-€27.8m▲ 11.3%-€30.1m▼ 8.5%
EBIT margin-141.2%▼ 144.1pp22.1%▲ 163.3pp2.6%▼ 19.5pp28.8%▲ 26.2pp12.6%▼ 16.2pp
Equity€4.1m▲ 92.8%€44.7m▲ 999%€35.4m▼ 20.7%€7.7m▼ 78.3%€55.9m▲ 628%
Total assets€600.0m▲ 38.5%€540.0m▼ 10.0%€540.5m▲ 0.1%€534.1m▼ 1.2%€479.8m▼ 10.2%
Debt€489.2m▲ 28.3%€400.8m▼ 18.1%€413.8m▲ 3.3%€437.4m▲ 5.7%€337.9m▼ 22.7%
Working capital€441.3m▲ 44.5%€435.5m▼ 1.3%€406.2m▼ 6.7%€345.3m▼ 15.0%€360.4m▲ 4.4%
Staff (FTE)74.5▼ 2.1%78.8▲ 5.8%79.1▲ 0.4%80.6▲ 1.9%84.4▲ 4.7%
Why a figure moved sharply
  • 2025 Equity +628% on 2024. Capital increase of €18,900,000 (Official Gazette 23-12-2025). Capital increase of €59,433,333 (Official Gazette 21-01-2025).
  • 2022 Equity +999% on 2021. Capital increase of €29,519,000 (Official Gazette 28-12-2022). Capital increase of €29,519,000 (Official Gazette 22-07-2022).
Result per fiscal year
Operating resultNet result
-€80.0m-€60.0m-€40.0m-€20.0m€0Operating result 2021: -€61.3m-€61.3mNet result 2021: -€26.1m-€26.1mOperating result 2022: €8.3m€8.3mNet result 2022: -€18.4m-€18.4mOperating result 2023: €743,268€743,268Net result 2023: -€31.3m-€31.3mOperating result 2024: €3.6m€3.6mNet result 2024: -€27.8m-€27.8mOperating result 2025: €1.3m€1.3mNet result 2025: -€30.1m-€30.1m20212022202320242025-€40m-€30m-€20m-€10m€0Operating result 2023: €743,268€743,000Net result 2023: -€31.3m-€31mOperating result 2024: €3.6m€3.6mNet result 2024: -€27.8m-€28mOperating result 2025: €1.3m€1.3mNet result 2025: -€30.1m-€30m202320242025
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €479.8m
Fixed assets €19.6m ▲ 7.3%
Current assets €460.2m ▼ 10.8%
Equity and liabilities €479.8m
Equity €55.9m ▲ 628%
Provisions €86.0m ▼ 3.4%
Debt €337.9m ▼ 22.7%
Debt's share of the balance-sheet total falls from 81.9% to 70.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.7m▼
2024 · €4.0m
Cash flow
-€29.7m▼
2024 · -€27.3m
Current ratio
4.61▲
2024 · 3.03
Quick ratio
4.55▲
2024 · 2.99
Debt to equity
6.05▼
2024 · 56.99
ROE
-53.9%▲
2024 · -361.7%
ROA
-6.3%▼
2024 · -5.2%
Interest coverage
0.20▼
2024 · 0.43
Debt ≤ 1 year
€99.7m▼
2024 · €170.5m
Debt > 1 year
€206.5m▼
2024 · €230.4m
Income taxes
€6,362▲
2024 · €5,772
Staff costs
€14.4m▲
2024 · €13.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 367 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
0.5% went bankrupt
2.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 367 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 89 lines
Balance sheet Code20242025
Assets
Total assets20/58€534.1m€479.8m▼
Fixed assets21/28€18.3m€19.6m▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€5.3m€6.6m▲
Land and buildings22€368,194€889,434▲
Plant, machinery and equipment23€3.4m€4.0m▲
Furniture and vehicles24€330,538€201,183▼
Other tangible fixed assets26€18,979€18,048▼
Assets under construction and advance payments27€1.1m€1.5m▲
Financial fixed assets28€13.0m€13.0m=
Affiliated companies280/1€12.1m€12.1m=
Participating interests280€125,000€125,000=
Amounts receivable281€12.0m€12.0m=
Companies linked by participating interests282/3€885,687€885,687=
Participating interests282€885,687€885,687=
Other financial fixed assets284/8€0-
Shares284€0-
Amounts receivable and cash guarantees285/8€0-
Current assets29/58€515.8m€460.2m▼
Stocks and contracts in progress3€6.4m€6.0m▼
Stocks30/36€6.4m€6.0m▼
Property held for sale35€6.4m€6.0m▼
Amounts receivable within one year40/41€19.5m€12.5m▼
Trade receivables40€3.7m€2.8m▼
Other amounts receivable41€15.7m€9.6m▼
Cash at bank and in hand54/58€236.2m€211.0m▼
Deferred charges and accrued income490/1€253.7m€230.7m▼
Equity and liabilities
Total equity and liabilities10/49€534.1m€479.8m▼
Equity10/15€7.7m€55.9m▲
Contributions10/11€66.6m€85.9m▲
Capital10€66.6m€85.9m▲
Issued capital100€66.6m€85.9m▲
Reserves13€125,000€125,000=
Non-distributable reserves130/1€125,000€125,000=
Legal reserve130€125,000€125,000=
Profit (loss) carried forward14-€59.1m-€30.1m▲
Provisions and deferred taxes16€89.0m€86.0m▼
Provisions for liabilities and charges160/5€89.0m€86.0m▼
Other liabilities and charges164/5€89.0m€86.0m▼
Amounts payable17/49€437.4m€337.9m▼
Amounts payable after more than one year17€230.4m€206.5m▼
Financial debts170/4€230.4m€206.5m▼
Other loans174€230.4m€206.5m▼
Amounts payable within one year42/48€170.5m€99.7m▼
Current portion of amounts payable after more than one year42€27.1m€28.0m▲
Financial debts43€72.7m€59.4m▼
Other loans439€72.7m€59.4m▼
Trade debts44€10.7m€7.9m▼
Suppliers440/4€10.7m€7.9m▼
Taxes, remuneration and social security45€1.7m€1.9m▲
Taxes450/3€196,469€221,434▲
Remuneration and social security454/9€1.5m€1.7m▲
Other amounts payable47/48€58.2m€2.6m▼
Accrued charges and deferred income492/3€36.5m€31.7m▼
Income statement Code20242025
Operating income70/76A€31.5m€29.3m▼
Turnover70€12.4m€10.6m▼
Other operating income74€18.5m€18.6m▲
Non-recurring operating income76A€574,332€51,307▼
Operating charges60/66A€27.9m€27.9m=
Goods for resale, raw materials and consumables60€11.5m€12.6m▲
Purchases600/8€12.5m€12.2m▼
Change in stocks: decrease (increase)609-€1.1m€427,436▲
Services and other goods61€2.9m€2.6m▼
Remuneration, social security and pensions62€13.3m€14.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€454,738€375,037▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€349,324-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€495,918-€3.1m▼
Other operating charges640/8€713,174€1.0m▲
Non-recurring operating charges66A€11,748€0▼
Operating profit (loss)9901€3.6m€1.3m▼
Financial income75/76B€327,345€197,869▼
Recurring financial income75€189,295€197,869▲
Income from financial fixed assets750€189,275€197,750▲
Other financial income752/9€20€119▲
Non-recurring financial income76B€138,050€0▼
Financial charges65/66B€31.7m€31.6m▼
Recurring financial charges65€31.7m€31.6m▼
Debt charges650€9.3m€8.5m▼
Other financial charges652/9€22.3m€23.1m▲
Profit (loss) for the period before taxes9903-€27.8m-€30.1m▼
Income taxes67/77€5,772€6,362▲
Taxes670/3€5,772€6,362▲
Profit (loss) for the period9904-€27.8m-€30.1m▼
Profit (loss) for the period to be appropriated9905-€27.8m-€30.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€59.1m-€89.2m▼
Profit (loss) brought forward from the previous period14P-€31.3m-€59.1m▼
Transfer from equity791/2€0€59.1m▲
From contributions791€0€59.1m▲
Social balance
Average headcount (FTE)908780.684.4▲

The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€45.6m€39.8m€30.9m€31.5m€29.3m▼ 7.2%
Turnover70€43.4m€37.8m€28.7m€12.4m€10.6m▼ 14.7%
Other operating income74€1.8m€718,334€1.0m€18.5m€18.6m▲ 0.5%
Non-recurring operating income76A€349,848€1.3m€1.1m€574,332€51,307▼ 91.1%
Operating charges60/66A€106.8m€31.5m€30.1m€27.9m€27.9m=
Goods for resale, raw materials and consumables60€35.1m€26.6m€17.2m€11.5m€12.6m▲ 10.0%
Purchases600/8€35.1m€25.6m€17.2m€12.5m€12.2m▼ 2.8%
Change in stocks: decrease (increase)609-€942,089--€1.1m€427,436▲ 140%
Services and other goods61€2.8m€2.9m€2.8m€2.9m€2.6m▼ 10.5%
Remuneration, social security and pensions62€10.7m€11.6m€13.7m€13.3m€14.4m▲ 8.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€423,188€425,359€437,746€454,738€375,037▼ 17.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€349,324--
Provisions for liabilities and charges: additions (uses and reversals)635/8€57.2m-€12.3m-€4.9m-€495,918-€3.1m▼ 518%
Other operating charges640/8€526,938€2.2m€829,422€713,174€1.0m▲ 43.3%
Non-recurring operating charges66A€10,443€179,790€0€11,748€0▼ 100%
Operating profit (loss)9901-€61.3m€8.3m€743,268€3.6m€1.3m▼ 62.7%
Financial income75/76B€62.3m€395,505€197,755€327,345€197,869▼ 39.6%
Recurring financial income75€62.3m€395,505€197,755€189,295€197,869▲ 4.5%
Income from financial fixed assets750€125,000€395,500€197,750€189,275€197,750▲ 4.5%
Other financial income752/9€62.1m€5€5€20€119▲ 494%
Non-recurring financial income76B---€138,050€0▼ 100%
Financial charges65/66B€27.1m€27.1m€32.2m€31.7m€31.6m▼ 0.1%
Recurring financial charges65€27.1m€27.1m€32.1m€31.7m€31.6m▼ 0.1%
Debt charges650€8.7m€8.2m€10.1m€9.3m€8.5m▼ 8.5%
Other financial charges652/9€18.3m€19.0m€22.0m€22.3m€23.1m▲ 3.4%
Non-recurring financial charges66B--€138,050---
Profit (loss) for the period before taxes9903-€26.1m-€18.4m-€31.3m-€27.8m-€30.1m▼ 8.5%
Income taxes67/77€16,315-€7,904€5,177€5,772€6,362▲ 10.2%
Taxes670/3€16,315€4,453€5,177€5,772€6,362▲ 10.2%
Tax adjustments and reversals of tax provisions77-€12,357----
Profit (loss) for the period9904-€26.1m-€18.4m-€31.3m-€27.8m-€30.1m▼ 8.5%
Profit (loss) for the period to be appropriated9905-€26.1m-€18.4m-€31.3m-€27.8m-€30.1m▼ 8.5%
Line20212022202320242025Change
Assets
Total assets20/58€600.0m€540.0m€540.5m€534.1m€479.8m▼ 10.2%
Fixed assets21/28€13.3m€17.6m€17.3m€18.3m€19.6m▲ 7.3%
Intangible fixed assets21€18,213€8,400€2,611€0€0-
Tangible fixed assets22/27€4.8m€4.6m€4.4m€5.3m€6.6m▲ 25.3%
Land and buildings22€328,389€328,389€328,389€368,194€889,434▲ 142%
Plant, machinery and equipment23€3.7m€3.5m€3.5m€3.4m€4.0m▲ 16.9%
Furniture and vehicles24€711,661€720,944€557,520€330,538€201,183▼ 39.1%
Other tangible fixed assets26€17,343€21,350€22,070€18,979€18,048▼ 4.9%
Assets under construction and advance payments27---€1.1m€1.5m▲ 32.7%
Financial fixed assets28€8.5m€13.0m€12.9m€13.0m€13.0m=
Affiliated companies280/1€7.6m€12.1m€12.1m€12.1m€12.1m=
Participating interests280€125,000€125,000€125,000€125,000€125,000=
Amounts receivable281€7.5m€12.0m€12.0m€12.0m€12.0m=
Companies linked by participating interests282/3€810,700€810,700€672,650€885,687€885,687=
Participating interests282€810,700€810,700€672,650€885,687€885,687=
Other financial fixed assets284/8€75,437€75,437€75,437€0--
Shares284€74,987€74,987€74,987€0--
Amounts receivable and cash guarantees285/8€450€450€450€0--
Current assets29/58€586.7m€522.3m€523.2m€515.8m€460.2m▼ 10.8%
Stocks and contracts in progress3€6.3m€5.4m€5.4m€6.4m€6.0m▼ 6.6%
Stocks30/36€6.3m€5.4m€5.4m€6.4m€6.0m▼ 6.6%
Property held for sale35€6.3m€5.4m€5.4m€6.4m€6.0m▼ 6.6%
Amounts receivable within one year40/41€79.2m€42.3m€22.9m€19.5m€12.5m▼ 36.1%
Trade receivables40€43.4m€19.0m€1.1m€3.7m€2.8m▼ 25.0%
Other amounts receivable41€35.8m€23.3m€21.7m€15.7m€9.6m▼ 38.7%
Cash at bank and in hand54/58€184.6m€176.9m€218.3m€236.2m€211.0m▼ 10.6%
Deferred charges and accrued income490/1€316.6m€297.8m€276.6m€253.7m€230.7m▼ 9.1%
Equity and liabilities
Total equity and liabilities10/49€600.0m€540.0m€540.5m€534.1m€479.8m▼ 10.2%
Equity10/15€4.1m€44.7m€35.4m€7.7m€55.9m▲ 628%
Contributions10/11€56.6m€63.0m€66.6m€66.6m€85.9m▲ 28.9%
Capital10€56.6m€63.0m€66.6m€66.6m€85.9m▲ 28.9%
Issued capital100€56.6m€63.0m€66.6m€66.6m€85.9m▲ 28.9%
Reserves13€125,000€125,000€125,000€125,000€125,000=
Non-distributable reserves130/1€125,000€125,000€125,000€125,000€125,000=
Legal reserve130€125,000€125,000€125,000€125,000€125,000=
Profit (loss) carried forward14-€52.6m-€18.4m-€31.3m-€59.1m-€30.1m▲ 49.0%
Provisions and deferred taxes16€106.8m€94.4m€91.2m€89.0m€86.0m▼ 3.4%
Provisions for liabilities and charges160/5€106.8m€94.4m€91.2m€89.0m€86.0m▼ 3.4%
Other liabilities and charges164/5€106.8m€94.4m€91.2m€89.0m€86.0m▼ 3.4%
Amounts payable17/49€489.2m€400.8m€413.8m€437.4m€337.9m▼ 22.7%
Amounts payable after more than one year17€298.1m€276.6m€253.5m€230.4m€206.5m▼ 10.4%
Financial debts170/4€298.1m€276.6m€253.5m€230.4m€206.5m▼ 10.4%
Subordinated loans170€743,681€743,681----
Other loans174€297.4m€275.8m€253.5m€230.4m€206.5m▼ 10.4%
Amounts payable within one year42/48€145.4m€86.9m€116.9m€170.5m€99.7m▼ 41.5%
Current portion of amounts payable after more than one year42€18.9m€21.6m€26.2m€27.1m€28.0m▲ 3.4%
Financial debts43€46.6m€21.7m€36.5m€72.7m€59.4m▼ 18.4%
Other loans439€46.6m€21.7m€36.5m€72.7m€59.4m▼ 18.4%
Trade debts44€50.1m€10.8m€18.3m€10.7m€7.9m▼ 26.4%
Suppliers440/4€50.1m€10.8m€18.3m€10.7m€7.9m▼ 26.4%
Taxes, remuneration and social security45€3.0m€2.3m€1.7m€1.7m€1.9m▲ 11.6%
Taxes450/3€1.6m€749,409€193,599€196,469€221,434▲ 12.7%
Remuneration and social security454/9€1.4m€1.5m€1.5m€1.5m€1.7m▲ 11.5%
Other amounts payable47/48€26.9m€30.5m€34.2m€58.2m€2.6m▼ 95.6%
Accrued charges and deferred income492/3€45.6m€37.4m€43.4m€36.5m€31.7m▼ 13.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€26.1m-€18.4m-€31.3m-€27.8m-€30.1m▼ 8.5%
+ Depreciation and write-downs630€423,188€425,359€437,746€454,738€375,037▼ 17.5%
Operating cash flow (approximation)-€25.6m-€18.0m-€30.9m-€27.3m-€29.7m▼ 8.9%
Investment in fixed assets (approximation)--€4.8m-€116,901-€1.4m-€1.7m▼ 19.8%
Change in cash--€7.7m€41.5m€17.8m-€25.1m▼ 241%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 10-07-2026
  • Power of attorney
28-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
14-07
State Gazette act Appointments: Florence GIET, Isabelle JEURISSEN and 8 others
Capital increase · Bank account · Capital16 facts ▸
  • General meeting, 10 juillet 2026
  • Capital increase, €22.449.380,93
  • Bank account, BELFIUS BANQUE S.A., non spécifié
  • Capital, €108.332.703,29
  • Statutes amendment, 10
  • Statutes amendment, 20
  • Director appointment, Florence GIET (director)
  • Director appointment, Isabelle JEURISSEN (director)
  • Director appointment, Sarah LAMBOT (director)
  • Director appointment, Valérie SARETTO (director)
  • Director appointment, Carlo DI ANTONIO (director)
  • Director appointment, Raphaël DUBOIS (director)
  • +4 further facts in this act
2025
31-12
Financial Equity above €50mEq €55.9m ▲628%
Equity rises from €7.7m to €55.9m.
23-12
State Gazette act Resignation: Carlo Di Antonio (chair)
Appointment: Vincent PEREMANS (chair) · Capital decrease · Capital increase7 facts ▸
  • General meeting, 19/12/2025
  • Capital decrease, €27.763.807,47
  • Capital increase, €18.900.000
  • Bank account, BE11 0910 2317 5248
  • Capital, €85.883.322,36
  • Director resignation, Carlo Di Antonio (chair)
  • Director appointment, Vincent PEREMANS (chair)
21-10
State Gazette act Capital & shares · Resignations & appointments
Mandate term · Power of attorney2 facts ▸
  • Mandate term, trois ans, 03-10-2025
  • Power of attorney, Jean François ROBE
10-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
21-01
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital increase · Share issue7 facts ▸
  • General meeting, 14 janvier 2025
  • Capital decrease, €31.290.738,32
  • Capital increase, €59.433.333
  • Share issue, sans émission d’actions nouvelles, 0
  • Bank account, BELFIUS BANQUE S.A.
  • Capital, €94.747.129,83
  • Statutes amendment
2024
07-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
21-05
State Gazette act Resignations & appointments
Power of attorney · Mandate term · Approval6 facts ▸
  • Board meeting, 29/03/2024
  • Power of attorney, Jean François Robe
  • Power of attorney, Société publique d'aide à la qualité de l'environnement
  • Power of attorney, Société publique d'aide à la qualité de l'environnement
  • Mandate term, trois ans, 29/03/2024
  • Approval, 29/03/2024
2023
31-12
Financial Weakest financial yearnet -€31.3m
Net result drops to -€31.3m, the lowest in the series; recovery starts the following year.
07-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
31-12
Financial Equity above €25mEq €44.7m ▲999%
Equity rises from €4.1m to €44.7m.
28-12
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital increase · Share issue7 facts ▸
  • General meeting, 22/12/2022
  • Capital decrease, €26.072.040,91
  • Capital increase, €29.519.000
  • Share issue, sans émission d’actions nouvelles, 0
  • Bank account, BELFIUS BANQUE S.A.
  • Capital, €62.981.353,49
  • Statutes amendment
22-07
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital increase · Bank account8 facts ▸
  • General meeting, 19 juillet 2022
  • Capital decrease, €26.562.168,88
  • Capital increase, €29.519.000
  • Bank account, BELFIUS BANQUE S.A.
  • Capital, €59.534.394,4
  • Statutes amendment
  • Shareholding, 75%
  • Shareholding, 25%
19-07
State Gazette act Appointment: Jean-François BERNARD (commissaire réviseur)
Power of attorney · Mandate term5 facts ▸
  • General meeting, 20/05/2022
  • Auditor appointment, Jean-François BERNARD (commissaire réviseur)
  • Board meeting, 17/06/2022
  • Power of attorney, Comité de direction / Directeur général / Groupes 1, 2, 3
  • Mandate term, trois ans à dater du 17 juin 2022
13-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
25-03
State Gazette act Appointment: Renaud DEVRIESE (member of the executive committee)
Statutes amendment3 facts ▸
  • Board meeting, 24/02/2022
  • Director appointment, Renaud DEVRIESE (member of the executive committee)
  • Statutes amendment
05-01
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital increase · Bank account8 facts ▸
  • General meeting, 23/12/2021
  • Capital decrease, €27.166.139,62
  • Capital increase, €28.030.000
  • Bank account, BELFIUS BANQUE S.A.
  • Capital, €56.577.563,28
  • Statutes amendment
  • Shareholding, 75%
  • Shareholding, 25%
2021
12-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
26-04
State Gazette act Resignations & appointments
Statutes amendment2 facts ▸
  • Board meeting, 26/02/2021
  • Statutes amendment
2020
31-12
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital increase · Share issue9 facts ▸
  • General meeting, 18/12/2020
  • Capital decrease, €25.808.614
  • Capital increase, €25.931.000
  • Share issue, sans émission d'actions nouvelles, 0
  • Bank account, BELFIUS BANQUE S.A.
  • Capital, €55.713.702,9
  • Statutes amendment
  • Shareholder, SPAQUE
  • Shareholder, SPAQUE
14-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 14 days late
04-05
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 21/02/2020
  • Registered-office move, 13, avenue Maurice Destenay à 4000 Liège
2019
31-12
Financial Equity above €2mEq €2.7m
Equity rises from -€19.8m to €2.7m.
20-09
State Gazette act Appointments: Cabinet Wilmet & Associés (commissaire reviseur) and SPAQuE (daily management delegate)
Power of attorney8 facts ▸
  • General meeting, 24/05/2019
  • Board meeting, 28/06/2019
  • Auditor appointment, Cabinet Wilmet & Associés (commissaire reviseur)
  • Director appointment, SPAQuE (daily management delegate)
  • Power of attorney, SPAQuE
  • Power of attorney, SPAQuE
  • Power of attorney, SPAQuE
  • Power of attorney, SPAQuE
10-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
03-06
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital increase · Share issue7 facts ▸
  • General meeting, 24/05/2019
  • Capital decrease, €59.558.328,45
  • Capital increase, €49.722.000
  • Share issue, sans émission d’actions nouvelles, 0
  • Bank account, BELFIUS BANQUE S.A.
  • Capital, €55.591.316,9
  • Statutes amendment
23-05
State Gazette act Resignations: Eric PONCIN (vice-chair and director) and Philippe ADAM (directeur général)
Appointments: Isabelle JEURISSEN (vice-chair) and Jean-François ROBE (directeur général) · Mandate term9 facts ▸
  • Board meeting, 26/04/2019
  • Board meeting, 25/01/2019
  • Board meeting, 22/02/2019
  • Director resignation, Eric PONCIN (vice-chair and director)
  • Director appointment, Isabelle JEURISSEN (vice-chair)
  • Director appointment, Isabelle JEURISSEN (director)
  • Director appointment, Jean-François ROBE (directeur général)
  • Director resignation, Philippe ADAM (directeur général)
  • Mandate term, trois ans, 01/05/2019
2018
20-09
State Gazette act Appointments: SARETTO Valérie, PONCIN Eric and 7 others
Resignations: BOURLARD Vincent, GERARD Elisabeth and 10 others22 facts ▸
  • General meeting, 13/07/2018
  • Director appointment, SARETTO Valérie (chair)
  • Director appointment, PONCIN Eric (vice-chair)
  • Director appointment, CHARLIER Véronique (director)
  • Director appointment, DEMARERT Géraldine (director)
  • Director appointment, VANBOCKESTAL Marie-Christine (director)
  • Director appointment, POURTOIS Maxime (director)
  • Director appointment, SERUSIAUX Emmanuel (director)
  • Director appointment, URBAIN Vincent (director)
  • Director appointment, ZECCHINI Laurent (director)
  • Director resignation, BOURLARD Vincent
  • Director resignation, GERARD Elisabeth
  • +10 further facts in this act
12-09
State Gazette act Appointments: Philippe Adam, Pol Jacquemart and 7 others
10 facts ▸
  • Board meeting, 19/07/2018
  • Director appointment, Philippe Adam (director (executive))
  • Director appointment, Pol Jacquemart (directeur de la stratégie)
  • Director appointment, Philippe Thiry (directeur des opérations)
  • Director appointment, Marie-France Willamme (directrice des services supports)
  • Director appointment, Pierre Eyen (responsable du département des finances)
  • Director appointment, Esmeralda Dominguez (responsable service comptabilité)
  • Director appointment, Hala al Assouad (membre du service juridique)
  • Director appointment, Emmanuel Colla (membre du service juridique)
  • Director appointment, Vincent de Lame (membre du service juridique)
08-08
State Gazette act Purpose
Purpose change · Capital · Statutes amendment4 facts ▸
  • General meeting, 19/07/2018
  • Purpose change, La société a pour objet: -de réaliser toutes les activités en général liées à la prévention, à l'élimination, au traitement, à la valorisation des déchets de to…
  • Capital, €65.427.645,35
  • Statutes amendment
17-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
02-05
State Gazette act Appointments: Philippe Adam, Pol Jacquemart and 7 others
9 facts ▸
  • Director appointment, Philippe Adam (administrateur directeur)
  • Director appointment, Pol Jacquemart (directeur de la stratégie)
  • Director appointment, Philippe Thiry (directeur des opérations)
  • Director appointment, Marie France Willamme (directrice des services supports)
  • Director appointment, Pierre Eyen (responsable du département des finances)
  • Director appointment, Esmeralda Dominguez (responsable service comptabilité)
  • Director appointment, Sophie al Assouad (membre du service juridique)
  • Director appointment, Emmanuel Colia (membre du service juridique)
  • Director appointment, Vincent de Lame (membre du service juridique)
2017
10-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
21-04
State Gazette act Appointments: Philippe Adam, Pol Jacquemart and 6 others
Power of attorney11 facts ▸
  • Power of attorney, Philippe Adam
  • Director appointment, Philippe Adam
  • Director appointment, Pol Jacquemart
  • Director appointment, Pol Jacquemart
  • Director appointment, Philippe Thiry
  • Director appointment, Marie-France Willamme
  • Director appointment, Pierre Eyen
  • Director appointment, Esméralda Dominguez
  • Director appointment, Vincent Bourlard
  • Director appointment, Eric Poncin
  • Director appointment, Philippe Adam
2016
28-07
State Gazette act Appointment: LAMBOTTE & MONSIEUR (commissaire reviseur)
Mandate term3 facts ▸
  • General meeting, 15/06/2016
  • Auditor appointment, LAMBOTTE & MONSIEUR (commissaire reviseur)
  • Mandate term, 3 ans
2015
26-10
State Gazette act Appointment: Emmanuel WART (director)
Resignation: Philippe KNAEPEN (director)3 facts ▸
  • General meeting, 02/10/2015
  • Director appointment, Emmanuel WART (director)
  • Director resignation, Philippe KNAEPEN (director)
06-05
State Gazette act Resignations & appointments
Statutes amendment · Power of attorney3 facts ▸
  • Board meeting, 21/01/2015
  • Statutes amendment
  • Power of attorney, SPAQUE
06-05
State Gazette act Appointment: Philippe ADAM (fonctionnaire dirigeant)
Power of attorney3 facts ▸
  • Board meeting, 21/01/2015
  • Power of attorney, Vincent BOURLARD
  • Director appointment, Philippe ADAM (fonctionnaire dirigeant)
2014
15-12
State Gazette act Resignation: Anne POUTRAIN (director)
Appointment: Valérie VERZELÉ (director)3 facts ▸
  • General meeting, 22/10/2014
  • Director resignation, Anne POUTRAIN (director)
  • Director appointment, Valérie VERZELÉ (director)
24-11
State Gazette act Capital & shares
Capital decrease · Capital increase · Share issue8 facts ▸
  • General meeting, 22/10/2014
  • Capital decrease, €47.643.414,65
  • Capital increase, €30.121.059
  • Share issue, sans émission d'actions nouvelles, l'intégralité de l'augmentation du capital étant offerte exclusivement à la souscription de l'actionnaire unique
  • Bank account, BELFIUS BANQUE SA
  • Capital, €65.427.645,35
  • Statutes amendment
  • Shareholding, 50,01%
2013
04-09
State Gazette act Resignations: Anne POUTRAIN (director) and Sophie al ASSOUAD (secrétaire du conseil d'administration)
Appointment: Pol JACQUEMART (secrétaire du conseil d'administration)5 facts ▸
  • Board meeting, 13/06/2012
  • Director resignation, Anne POUTRAIN (director)
  • Board meeting, 27/02/2013
  • Director appointment, Pol JACQUEMART (secrétaire du conseil d'administration)
  • Director resignation, Sophie al ASSOUAD (secrétaire du conseil d'administration)
04-09
State Gazette act Appointment: SPRL F.A. WILMET & Cie (commissaire reviseur)
2 facts ▸
  • General meeting, 19/06/2013
  • Auditor appointment, SPRL F.A. WILMET & Cie (commissaire reviseur)
2012
12-07
State Gazette act Appointment: F.A. WILMET & Cie (commissaire réviseur)
2 facts ▸
  • General meeting, 19/05/2010
  • Auditor appointment, F.A. WILMET & Cie (commissaire réviseur)
26-06
State Gazette act Capital & shares · Statutes amendment
Capital increase · Bank account · Capital5 facts ▸
  • General meeting, 13/06/2012
  • Capital increase, €7.950.000
  • Bank account, compte spécial auprès de DEXIA BANQUE S.A.
  • Capital, €82.950.001
  • Statutes amendment
2011
23-11
State Gazette act Reappointments: Elisabeth GERARD, Isabelle JEURISSEN and 12 others
Appointments: Vincent BOURLARD, Eric PONCIN and Philippe ADAM · Power of attorney20 facts ▸
  • General meeting, 14/09/2011
  • Board meeting, 14/09/2011
  • Director reappointment, Elisabeth GERARD (director)
  • Director reappointment, Isabelle JEURISSEN (director)
  • Director reappointment, Diana NIKOLIC (director)
  • Director reappointment, Anne POUTRAIN (director)
  • Director reappointment, Coralie VIAL (director)
  • Director reappointment, Philippe ADAM (director)
  • Director reappointment, Vincent BOURLARD (director)
  • Director reappointment, Marc DARVILLE (director)
  • Director reappointment, Alain DE ROOVER (director)
  • Director reappointment, Didier HELLIN (director)
  • +8 further facts in this act
14-06
State Gazette act Capital & shares
Capital increase · Real estate · Capital5 facts ▸
  • General meeting, 18 mai 2011
  • Capital increase, €1
  • Real estate, parcelles du site des « Huilenes Grisard », cadastrées à Mons division Cuesmes, section A n°s 97V7, 97W7, 97X7, et 93Y2 pour une contenance totale de 1HA22A91CA
  • Capital, €75.000.001
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
34 of 35 acts read
About the unread acts

Of the 35 Belgian State Gazette acts we know for this company, 34 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 directors, 1 in day-to-day management, last change in 2025

Board 9

Valérie SARETTO
Chair · since 13-07-2018 · Director · since 09-07-2025
Current
Vincent PEREMANS
Chair · since 23-10-2025
Current
Isabelle JEURISSEN
Vice-chair · since 01-01-2019 · Director · since 01-01-2019
Current
Damien ROBERT
Director · since 09-07-2025
Current
Florence GIET
Director · since 09-07-2025
Current
Gianni INFANTI
Director · since 09-07-2025
Current
GILLIS Cédric
Director · since 09-07-2025
Current
Raphael Dubois
Director · since 09-07-2025
Current
Show all 9 directors
Sarah LAMBOT
Director · since 09-07-2025
Current
15 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Alain DE ROOVER
Director · since 14-09-2011
Not recently confirmed
Diana NIKOLIC
Director · since 14-09-2011
Not recently confirmed
SERUSIAUX Emmanuel
Director · since 14-09-2011
Not recently confirmed
Esméralda Dominguez
Director · since 21-04-2017
Not recently confirmed
JACQUEMART Pol
Director · since 21-04-2017
Not recently confirmed
Marie-France Willamme
Director · since 21-04-2017
Not recently confirmed
Philippe Thiry
Director · since 21-04-2017
Not recently confirmed
Pierre Eyen
Director · since 21-04-2017
Not recently confirmed
CHARLIER Véronique
Director · since 13-07-2018
Not recently confirmed
DEMARERT Géraldine
Director · since 13-07-2018
Not recently confirmed
POURTOIS Maxime
Director · since 13-07-2018
Not recently confirmed
VANBOCKESTAL Marie-Christine
Director · since 13-07-2018
Not recently confirmed
Vincent URBAIN
Director · since 13-07-2018
Not recently confirmed
Zecchini Laurent
Director · since 13-07-2018
Not recently confirmed
Not recently confirmed

Day-to-day management 1

Renaud DEVRIESE
Member of the executive committee · since 24-02-2022
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Jean-François ROBE
Directeur général · since 01-05-2019
Not recently confirmed

Statutory auditor 1

Callens, Vandelanotte & Theunissen SRL
Statutory auditor · since 14-07-2026 · perm. rep.: Claudia CORSALE
Current

Other functions 10

JACQUEMART Pol
Directeur de la stratégie · since 27-02-2013
Not recently confirmed
Emmanuel Colia
Membre du service juridique · since 02-05-2018
Not recently confirmed
Esméralda Dominguez
Responsable service comptabilité · since 02-05-2018
Not recently confirmed
Marie-France Willamme
Directrice des services supports · since 02-05-2018
Not recently confirmed
Philippe Thiry
Directeur des opérations · since 02-05-2018
Not recently confirmed
Pierre Eyen
Responsable du département des finances · since 02-05-2018
Not recently confirmed
Sophie al Assouad
Membre du service juridique · since 02-05-2018
Not recently confirmed
Vincent de Lame
Membre du service juridique · since 02-05-2018
Not recently confirmed
Show all 10 office holders
Emmanuel Colla
Membre du service juridique · since 19-07-2018
Not recently confirmed
Hala al Assouad
Membre du service juridique · since 19-07-2018
Not recently confirmed
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 35 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1995
seat establishment The establishment unit on the map
Ground area
2,811 m²
Building footprint
1,999 m²
Volume, LiDAR
68,083 m³
Parcel 62803A1368/00V000, Wallonia · tallest building 43.0 m, ±12 floors. Linked by address, not a title deed.
45 companies at this address See who is registered here
1 establishment unit
Société publique d'aide à la qualité de l'environnement
Avenue Maurice-Destenay 13, 4000 LiègeArts creation and performing arts activities
since 19952.052.553.949
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62803A1368/00V000 Wallonia 2,811 m² 1 · 1,999 m² 43.0 m · 12 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

50 people since 2011, 32 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Isabelle JEURISSEN
  • Director, already before 14-09-2011 to 13-07-2018
  • Vice-chair, from 01-01-2019 not ended, last confirmed 23-05-2019
  • Director, from 01-01-2019 to date
Valérie SARETTO
  • Chair, from 13-07-2018 not ended, last confirmed 20-09-2018
  • Director, from 09-07-2025 to date
Damien ROBERT
  • Director, from 09-07-2025 to date
Florence GIET
  • Director, from 09-07-2025 to date
Gianni INFANTI
  • Director, from 09-07-2025 to date
GILLIS Cédric
  • Director, from 09-07-2025 to date
Raphael Dubois
  • Director, from 09-07-2025 to date
Sarah LAMBOT
  • Director, from 09-07-2025 to date
Vincent PEREMANS
  • Chair, from 23-10-2025 to date
Renaud DEVRIESE
  • Member of the executive committee, from 24-02-2022 to date
Callens, Vandelanotte & Theunissen SRL
  • Statutory auditor, from 14-07-2026 to date
Alain DE ROOVER
  • Director, already before 14-09-2011 not ended, last confirmed 23-11-2011
Diana NIKOLIC
  • Director, already before 14-09-2011 not ended, last confirmed 23-11-2011
Jean-François RAVONE
  • Director, already before 14-09-2011 to 13-07-2018
  • Director, already before 14-09-2011 not ended, last confirmed 23-11-2011
SERUSIAUX Emmanuel
  • Director, already before 14-09-2011 not ended, last confirmed 20-09-2018
JACQUEMART Pol
  • Secrétaire du conseil d'administration, from 27-02-2013 not ended, last confirmed 12-09-2018
  • Board, from 21-04-2017 not ended, last confirmed 21-04-2017
Esméralda Dominguez
  • Board, from 21-04-2017 not ended, last confirmed 21-04-2017
  • Responsable service comptabilité, from 02-05-2018 not ended, last confirmed 12-09-2018
Marie-France Willamme
  • Board, from 21-04-2017 not ended, last confirmed 21-04-2017
  • Directrice des services supports, from 02-05-2018 not ended, last confirmed 12-09-2018
Philippe Thiry
  • Board, from 21-04-2017 not ended, last confirmed 21-04-2017
  • Directeur des opérations, from 02-05-2018 not ended, last confirmed 12-09-2018
Pierre Eyen
  • Board, from 21-04-2017 not ended, last confirmed 21-04-2017
  • Responsable du département des finances, from 02-05-2018 not ended, last confirmed 12-09-2018
CHARLIER Véronique
  • Director, from 13-07-2018 not ended, last confirmed 20-09-2018
DEMARERT Géraldine
  • Director, from 13-07-2018 not ended, last confirmed 20-09-2018
POURTOIS Maxime
  • Director, from 13-07-2018 not ended, last confirmed 20-09-2018
VANBOCKESTAL Marie-Christine
  • Director, from 13-07-2018 not ended, last confirmed 20-09-2018
Vincent URBAIN
  • Director, from 13-07-2018 not ended, last confirmed 20-09-2018
Zecchini Laurent
  • Director, from 13-07-2018 not ended, last confirmed 20-09-2018
Jean-François ROBE
  • Directeur général, from 01-05-2019 not ended, last confirmed 23-05-2019
Sophie al Assouad
  • Secrétaire du conseil d'administration, until 04-09-2013
  • Membre du service juridique, from 02-05-2018 not ended, last confirmed 02-05-2018
Emmanuel Colia
  • Membre du service juridique, from 02-05-2018 not ended, last confirmed 02-05-2018
Vincent de Lame
  • Membre du service juridique, from 02-05-2018 not ended, last confirmed 12-09-2018
Emmanuel Colla
  • Membre du service juridique, from 19-07-2018 not ended, last confirmed 12-09-2018
Hala al Assouad
  • Membre du service juridique, from 19-07-2018 not ended, last confirmed 12-09-2018
Carlo Di Antonio
  • Director, from 09-07-2025 ended, last mentioned 14-07-2026
  • Chair, until 23-12-2025
Jean-François BERNARD
  • Commissaire réviseur, from 19-07-2022 to 14-07-2026
Cabinet Wilmet & Associés
  • Commissaire reviseur, from 20-09-2019 to 19-07-2022
LAMBOTTE & MONSIEUR
  • Commissaire reviseur, from 28-07-2016 to 20-09-2019
Philippe ADAM
  • Director, already before 14-09-2011 to 13-07-2018
  • Fonctionnaire dirigeant, from 06-05-2015 ended, last mentioned 12-09-2018
  • Directeur général, until 30-04-2019
Eric Poncin
  • Vice-chair, from 14-09-2011 to 31-12-2018
  • Director, already before 14-09-2011 ended, last mentioned 21-04-2017
Coralie VIAL
  • Director, already before 14-09-2011 to 13-07-2018
DEROOVER Alain
  • Board, until 13-07-2018
Didier HELLIN
  • Director, already before 14-09-2011 to 13-07-2018
Elisabeth GERARD
  • Director, already before 14-09-2011 to 13-07-2018
Marc DARVILLE
  • Director, already before 14-09-2011 to 13-07-2018
NICKOLIC Diana
  • Board, until 13-07-2018
VERZELE Valérie
  • Director, from 22-10-2014 to 13-07-2018
Vincent BOURLARD
  • Président du conseil, from 14-09-2011 ended, last mentioned 23-11-2011
  • Director, already before 14-09-2011 to 13-07-2018
WART Emmanuel
  • Director, from 02-10-2015 to 13-07-2018
F.A. Wilmet & Cie SPRL
  • Commissaire reviseur, from 12-07-2012 to 28-07-2016
KNAEPEN Philippe
  • Director, already before 14-09-2011 to 26-10-2015
Anne Poutrain
  • Director, already before 14-09-2011 to 08-06-2012
  • Director, until 15-12-2014
See the board, name and seat on a given date →

Articles of association

Purpose
La société a pour objet: -de réaliser toutes les activités en général liées à la prévention, à l'élimination, au traitement, à la valorisation des déchets de toute nature et des…
Full purpose

La société a pour objet: -de réaliser toutes les activités en général liées à la prévention, à l'élimination, au traitement, à la valorisation des déchets de toute nature et des sols poliués; -de contribuer à l'amélioration de la connaissance de l'état des sols, à la prévention des atteintes à la qualité des sols ainsi qu'à la gestion des sois potentiellement pollués et pollués; -de revaloriser des sites pollués; -d'assurer la recherche, le développement et le partage de l'expertise, de l'expérience, des savoirs et des outils développés en matière de gestion des déchets et des sols pollués; -d'assister la prospective, la planification et l'élaboration de plans, programmes ou outils stratégiques en matière de gestion des déchets ou des sols potentiellement pollués ou pollués; -d'accompagner les acteurs publics et privés confrontés à une problématique de sols potentiellement pollués ou pollués; -de conseiller les pouvoirs locaux en matière de gestion des déchets ou des sols potentiellement pollués ou pollués; -de valoriser à l'international le savoir-faire wallon dans le secteur de la gestion des déchets et du redéploiement des friches industrielles, en veillant à éviter les risques industriels, commerciaux ou financiers. En outre, la société exécute toute mission que le Gouvernement wallon lui confie par arrêté ou décision et dans le cadre d'un contrat de gestion. Pour réaliser son objet, la société peut notamment: -accomplir toutes opérations commerciales, industrielles, financières, immobilières ou mobilières nécessaires ou utiles à la réalisation de son objet; -faire partie de toute association, groupe ou syndicat, ou y prendre des intérêts; -acquérir une participation dans le capital d'une société par voie d'apport, de fusion, de cession, de souscription de parts lors d'une augmentation de capital ou par tout autre moyen; -s'associer avec une autre société spécialisée de la Région wallonne en vue de créer des synergies ou pôles de compétences; - développer des partenariats avec des entrepríses privées et/ou publiques dans le but de faire bénéficier la Région de l'effet de levier de l'investissement privé; - réaliser des opérations susceptibles de générer des revenus dans les limites de son objet social; -souscrire des emprunts obligataires ou non, octroyer des prêts, des avances; -prendre toutes garanties et sûretés personnelles ou réelles; -prester des services techniques, administratifs ou financiers; -d'une manière générale, faire pour son compte ou pour compte de tiers, toute opération se rapportant directement ou indirectement à se missions ou de nature à en favoriser la réalisation. La société peut recourir aux services de tiers et les charger de toute opération utile à la réalisation de son objet et de ses missions.

Structure & network

Owners and holdings

5 holdings

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 5

According to the 2025 annual accounts of SPAQuE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

48 connected companies
Linked via shared directors
Show 44 more companies with a shared director
NOSHAQ
via Valérie SARETTO · Director
→
→
NOSHAQ SPIN-OFFS
via Valérie SARETTO · Vice présidente du conseil d'administration
→
→
JEUNES MR
via GILLIS Cédric · Secrétaire politique
former→
former→
former→
SOCOFE
via GILLIS Cédric · Director
former→
former→
"I.D.E.A. S.C"
Shared director
→
→
CENEO
Shared director
→
EthiasCo
Shared director
→
HYGEA
Shared director
→
LA SENSACION
Shared director
→
Le Botanique
Shared director
→
→
LOTERIE NATIONALE
Shared director
→
MONS.RENOVATION
Shared director
→
PUBLI-T
Shared director
→
SPARAXIS
Shared director
→
SPARKOH!
Shared director
→
Transports Penning
Shared director
→
W.ALTER.
Shared director
→
Wallonie Entreprendre
Shared director
→
WE Environnement
Shared director
→

Capital and shareholders

Shareholders according to the acts
After the capital increase act of 23-12-2025 ↗
  • REGION WALLONNE
After the capital increase act of 28-12-2022 ↗
  • REGION WALLONNE
After the capital increase act of 31-12-2020 ↗
  • REGION WALLONNE
After the capital increase act of 03-06-2019 ↗
  • REGION WALLONNE
After the capital increase act of 24-11-2014 ↗
  • REGION WALLONNE
Stated in the act act of 24-11-2014 ↗
  • REGION WALLONNE 50,01%
Show 1 older mentions
After the capital increase act of 26-06-2012 ↗
  • REGION WALLONNE

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 14-07-2026 Capital increase of 22,449,380.93 EUR · to 108,332,703.29 EUR · in cash
  2. 23-12-2025 Capital reduction of 27,763,807.47 EUR · to 66,983,322.36 EUR · to absorb losses
  3. 23-12-2025 Capital increase of 18,900,000 EUR · to 85,883,322.36 EUR · in cash
  4. 21-01-2025 Capital reduction of 31,290,738.32 EUR · to 35,313,796.83 EUR · to absorb losses
  5. 21-01-2025 Capital increase of 59,433,333 EUR · to 94,747,129.83 EUR · in cash
  6. 28-12-2022 Capital reduction of 26,072,040.91 EUR · to 33,462,353.49 EUR · to absorb losses
  7. 28-12-2022 Capital increase of 29,519,000 EUR · to 62,981,353.49 EUR · in cash
  8. 22-07-2022 Capital reduction of 26,562,168.88 EUR · to 30,015,394.40 EUR · to absorb losses
Show 12 older capital entries
  1. 22-07-2022 Capital increase of 29,519,000 EUR · to 59,534,394.40 EUR · in cash
  2. 05-01-2022 Capital reduction of 27,166,139.62 EUR · to 28,547,563.28 EUR · to absorb losses
  3. 05-01-2022 Capital increase of 28,030,000 EUR · to 56,577,563.28 EUR · in cash
  4. 31-12-2020 Capital reduction of 25,808,614 EUR · to 29,782,702.90 EUR · to absorb losses
  5. 31-12-2020 Capital increase of 25,931,000 EUR · to 55,713,702.90 EUR · in cash
  6. 03-06-2019 Capital reduction of 59,558,328.45 EUR · to 5,869,316.90 EUR · to absorb losses
  7. 03-06-2019 Capital increase of 49,722,000 EUR · to 55,591,316.90 EUR · in cash
  8. 08-08-2018 Capital stated in the act · 65,427,645.35 EUR · 50,000 shares
  9. 24-11-2014 Capital reduction of 47,643,414.65 EUR · to 35,306,586.35 EUR · to absorb losses
  10. 24-11-2014 Capital increase of 30,121,059 EUR · to 65,427,645.35 EUR · in cash
  11. 26-06-2012 Capital increase of 7,950,000 EUR · to 82,950,001 EUR · “sans émission d'action nouvelles”
  12. 14-06-2011 Capital increase of 1 EUR · to 75,000,001 EUR · no new shares · in kind

Public money · subsidies and aid

European research

2 projects · 345,675 EUR EU contribution
Programmes
2 entries · 345,675 EUR
Projects
Enhanced In Situ Bioremediation for Contaminated Land Remediation
Horizon 2020 · participant · 01-01-2021 to 31-12-2024 · 268,050 EUR · EiCLaR
POlluted SIte DecontaminatiON - PCP
Horizon 2020 · participant · 01-02-2018 to 31-10-2023 · 77,625 EUR · POSIDON

Similar companies · same sector, comparable size

Of 253 companies in sector 39000 we hold annual accounts for 133. 12 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded13-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
38320Waste collection, recovery and disposal activities
39000Remediation activities and other waste management service activities
35120Electricity, gas, steam and air conditioning supply
35150Electricity, gas, steam and air conditioning supply
43130Specialised construction activities
68110Buying and selling of own real estate
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail communication@spaque.be
Phone 04/220.94.11
Phone 0479 88 91 33
Fax 04/220.40.43
Website www.spaque.beLiège
E-mail contact@spaque.beLiège
Fax 04/221.40.43Liège
E-invoicing
Reachable via Peppol
Peppol ID 0208:0243929462
Also 9925:BE0243929462
Registered 02-09-2023

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.