Credit profile
As at 31 December 2023 Aquafin was responsible for the management of 329 waste water treatment plants (WWTP), 7,298 km of pipes and 2,057 supra-municipal pumping stations and storage settlement tanks.
Rating
Agency: Moody's
Last update: October 2023
Long term rating: Aa3 - stable outlook
Short term rating: P-1
Legal structure
Aquafin is 100% owned by the Flemish Region. Its direct holding company is the Flemish Participation Agency NV.
Aquaplus is a subsidiary of Aquafin that focuses on industrial waste water treatment.
Corporate figures (BE GAAP) at 31 December 2023
In thousands of euros
| Operating income | 720,929 |
| Profit for appropriation | 4,877 |
| Total assets | 3,965,178 |
| Capital and reserves | 328,243 |
| Short term financing | 53,101 |
| Long term financing | 2,342,212 |
Employees
| Employees Aquafin | 1,213 |
| Employees VMM | 33 |
| Total | 1,246 |
Projects in portfolio for the Flemish Region as at 31 December 2023
| Number | Value (millions of euros) | |
|---|---|---|
| Delivered (1) | 3,805 | 4,712.76 |
| Tendered and awarded (2) | 290 | 616.72 |
| In design phase (3) | 990 | 1,301.73 |
| Total in progress (2 + 3) | 1,280 | 1,918.45 |
