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Willis Towers Watson

Active Risk: not assessed Public limited companyfounded 1975active for 50 yearsQuai des Vennes 18-20, 4020 LiègeKBO/BCE: BE 0415.981.926 subsidiary of Willis Europe B.V.#1 employer in the province of Liège, Auxiliary financial services sector
Part of the group WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY 3 companies in 2 countries
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Lifetime

20 annual accounts with figures on one time axis, 49 filings since 1977
peak €143.5m (2021)
€131.4m▲ 3.9%
lowest -€1.1m (2010)
€16.2m▲ 13.3%
peak €210.6m (2021)
€106.0munchanged
€809.2m▼ 1.7%
peak 142.8 FTE (2007)
123.7 FTE▲ 2.7%
Board35 names since 2008all names
8 directorsStuart John EDWARDS-WEBB and 7 others
Owners6 names in the annual accounts
99.94%Willis Europe B.V and 2 others
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
1 director appointed, 2 reappointments 07-11Powers of attorney: Richard Goff, Alastair Swift and 8 others 07-111 director appointed, 1 resignation, 1 statutory auditor reap… 29-08Dividend €16.2mCash from €159.8m to €305.5m

Key points

from the 2025 annual accounts

Equity

€106.0m =
106.02024+16.2Profit-16.2Dividend106.02025

Willis Towers Watson paid out €16.2m in dividends. That is 100% of the 2025 profit.

Debts

€809.2m 88% of the balance sheet
Financial debts 15%Suppliers 81%Taxes and wages 2%Other 3%

Of this, €687.5m falls due within a year.

Payment terms

2,954 days to suppliers
Suppliers
2853 to 2954
Customers
1560 to 1049

Willis Towers Watson pays its suppliers 101 days later than in 2024. Customers pay 511 days earlier.

Filings

49 annual accounts since 1977
AprilJune31 JulyOctober1980199520102025

The last five annual accounts were filed 2 to 25 days before the end of the period.

Board

1 joined · 1 left

Board changed. Latest change 25-03-2026 · 7 in office.

Position in the sector

€16.2m

Higher net result than 95% of companies in auxiliary financial services. Sector median €113,793 · 617 companies.

Financial institution: outside the modelBankruptcy probability: sector outside the model

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

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

Signals

Two signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 616 sector peers (2025).
NBB · sector comparison
Position among 616 sector peers
Solvency
better than 19%
← weakest strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 days early
2024
22 days early
2023
20 days early
2022
25 days early
2021
2 days early
2020
4 days early
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 66), the median for financial year 2024 was 5 days before the deadline, and 39% of those companies filed 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 9 July (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
08-11-2026 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

Board and ownership

SJ
Managing director
AJ
Managing director
SW
Managing director
and 2 others

Shares in 3 companies, including WILLIS TOWERS WATSON CONSULTING and WILLIS TOWERS WATSON MANAGEMENT (LUXEMBOURG) SA

Board & ownership

Recent changes

4 directors reappointed Hugo WEGBRANS (chair of the board), Alastair SWIFT (managing director), Stefan WEDA (managing director) and Nicholas HARVEY · General meeting of 19-06-2026 · Gazette deed
Resignation: Anjana Shah (director) Appointment: Nicholas James Harvey (director) · Board meeting of 30-01-2026 · Gazette deed
1 director appointed, 2 reappointments Appointment: Hugo WEGBRANS (chair of the board) · Reappointments: Alastair SWIFT (managing director) and Stefan WEDA (managing director) · Board meeting of 27-05-2025 · Gazette deed
1 director appointed, 1 resignation, 1 statutory auditor reappointed, 4 reappointments Appointment: Hugo Antonius Martinus Wegbrans · Reappointments: Deloitte Réviseurs d'Entreprises SRL (statutory auditor), Hugo Antonius Martinus Wegbrans, Alastair SWIFT, Anjana SHAH and Stefan WEDA · Resignation: Anne Pullum · General meeting of 20-06-2025 · Gazette deed
All 98 events

Comparable companies

same main activity, similar in size and age
Company
Willis Towers Watson Liège €131.4m 18.4% 11.6% 123.7
MARSH Auderghem €129.7m 5.0% 12.3% 266.2
AON BELGIUM Machelen (Brab.) €393.1m 21.8% 5.1% 317
Group induver Antwerp €43.8m 14.9% 17.5% 141.2
Cigna International Health Services Antwerp €98.7m 13.8% 23.5% 201.5
VANBREDA RISK & BENEFITS Antwerp €136.7m 24.4% 16.8% 611.3
ALLIA INSURANCE BROKERS Roeselare €63.6m 13.3% 10.5% 274.5
-10%0%10%20%€1m€10m€100mWillis Towers WatsonEBIT margin

Grey: the largest companies of the sector (auxiliary financial services (NACE 66)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as Willis Towers Watson: insurance agents and brokers (NACE 66220). They are comparable in size and age: total assets between €120m and €1.8bn, founded between 1947 and 2012.

Official details

Source: KBO
Status
Active since 30-12-1975Normal situation
Registered office
17 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
Activity
Activities auxiliary to financial services and insurance activitiesNACE 66220and 1 other
Joint committee
307Insurance brokers and agencies · annual accounts 2025
Establishment units
2.011.714.1771930 Zaventem, since 01-01-1976
2.011.714.6723500 Hasselt, since 01-01-1976and 1 other
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€915.2m▼ 1.5%
Employeeson 31-12-2025
126=
Filing
Filed on 07-07-2026, 24 days before the end of the filing period
Financials

Insights on Willis Towers Watson

Willis Towers Watson has existed since 1975. In 2021 turnover rose from €32.1m to €143.5m. On 12 August 2020 Willis Towers Watson absorbed Gras Savoye Consulting (Belgium) in a merger.

Turnover has grown every year since 2022.

Willis Europe B.V. holds all the shares. In 2023, three directors stepped down. In October 2023, the Official Gazette published the appointment of Stefan WEDA as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Willis Towers Watson

What is the company number of Willis Towers Watson?
The company number of Willis Towers Watson is 0415.981.926. The VAT number is the same number with BE in front: BE 0415.981.926.
Where is Willis Towers Watson based?
The registered office is at Quai des Vennes 18-20, 4020 Liège.Company details
What does Willis Towers Watson do?
According to the KBO register, the main activity is insurance agents and brokers (NACE 66220).
What is the legal form of Willis Towers Watson?
Willis Towers Watson is a public limited company (NV).
When was Willis Towers Watson founded?
Willis Towers Watson was founded on 30-12-1975.
Is Willis Towers Watson still active?
Yes, Willis Towers Watson is an active enterprise in the KBO register.
How many employees does Willis Towers Watson have?
Willis Towers Watson had an average of 123.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Willis Towers Watson fall under?
In its 2025 annual accounts, Willis Towers Watson states joint committee 307 (Insurance brokers and agencies).
What is the turnover of Willis Towers Watson?
The turnover of Willis Towers Watson was €131.4m in financial year 2025, according to the filed annual accounts.
Is Willis Towers Watson profitable?
In financial year 2025, Willis Towers Watson made a profit of €16.2m.
Where can I find the annual accounts of Willis Towers Watson?
Willis Towers Watson filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Willis Towers Watson due?
Willis Towers Watson must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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