Free Utility Snapshot

De Watergroep

West Flanders, East Flanders, Flemish Brabant and Limburg, Flanders, Belgium

Flanders’ largest drinking water company, renewing its mains and cutting water loss while rebuilding its finances under a regulated six-year tariff plan.

At a glance

Scale, service and financial position

3,398,870Customers in the service area2025 · actual
1,552,455Drinking water connections2025 · actual
125,351,550 m³Drinking water produced2025 · actual
34,926 kmDrinking water network2025
1.15Infrastructure Leakage Index (target 1.07)2025 · actual against target
€974 millionTurnover (result: €24.1 million profit)2025 · actual

01

About the Utility

De Watergroep is the largest drinking water company in Flanders. In 2025 it served customers in 167 municipalities across West Flanders, East Flanders, Flemish Brabant and Limburg, employing 1,636 people. Its core task is producing and supplying drinking water, and through Riopact, a branch set up with Aquafin, it also relieves partner municipalities of wastewater management. Prices are regulated: every six years De Watergroep submits a tariff plan to the WaterRegulator, its customers and its shareholders, which the regulator approves or rejects, subject to appeal to the minister. Drinking water tariffs may only cover the costs of that task. The current plan runs from 2025 to 2030.

02

Water System

In 2025 De Watergroep’s drinking water network extended 34,926 km, with an average age of 36.7 years. The volume made available to customers exceeds its own production because it adds purchased water and deducts water sold on. Household demand per connection edged up as sales rose after the extremely dry year, a sensitive point because 80% of income depends on volumes sold while 80% of costs are fixed. Water loss is the operating priority: a seven-track leakage action plan combines detection, repair and pressure management, and a record 9,524 leaks were repaired in 2025.

174,012,068 m³Drinking water made available (self-produced minus sold plus purchased)2025 · actual
65.38 m³Average household consumption per connection (64.37 m³ in 2024)2025 · actual
36.7 yearsAverage age of the drinking water network2025

Infrastructure Leakage Index

De Watergroep drinking water network, Infrastructure Leakage Index (dimensionless), 2020 to 2025 (calendar years)

ILI
Infrastructure Leakage Index: 2020, 1.7 ILI, actual; 2021, 1.5 ILI, actual; 2022, 1.2 ILI, actual; 2023, 1.2 ILI, actual; 2024, 1.2 ILI, actual; 2025, 1.2 ILI, actual121.720201.520211.220221.220231.220241.22025
Actual

Reported actuals; lower is better. Targets were 1.13 for 2024 and 1.07 for 2025, with a milestone of 0.80 by end-2030.

Sources: De Watergroep Jaarverslag 2025 (water-loss section, p. 22-23).

03

Wastewater System

Wastewater responsibilities come through Riopact, the branch De Watergroep set up with Aquafin to relieve municipalities of wastewater management. At the end of 2024 Riopact had 25 partners and 49 Riopact municipalities; Lochristi and Meulebeke then joined under a total solution in which De Watergroep takes over a municipality’s full sewerage management. The work also covers new sewer connections, which reached 2,028 in 2024, and advice to towns and municipalities. The need is policy-driven: every municipality has reduction targets to improve waterway quality by 2027, prompting targeted investment in sewerage infrastructure.

49Riopact municipalities (25 Riopact partners)End-2024
2,028New sewer connections (1,778 in 2023)2024 · actual

04

Investment & Priorities

Mains renewal dominates the capital programme. Actual spending on distribution and supply mains, including new connections, rose again in 2025, and the share of the network replaced met its target. A €350 million European Investment Bank loan supports mains replacement and extension in the programme running to 2028, with a first €200 million contract partly drawn. Construction continues on the De Gavers production centre expansion. Net debt has continued to rise, but its ratio to EBITDA has eased since 2023 and remains below its fixed limit.

€162.165 millionInvestment in distribution and supply mains, incl. new connections (€141.475 million in 2024)2025 · actual
1.28%Share of mains network replaced (in line with target)2025 · actual
5.9Debt ratio, net debt ÷ EBITDA (fixed upper limit 9; 8.63 in 2023)2025 · actual

05

Sustainability & Resilience

Drought resilience shapes supply planning. De Watergroep sizes production capacity to the highest historical consumption peak plus a reserve margin, is preparing brackish and seawater treatment, and is deploying aquifer storage and recovery through Waterunie, its merger company with Farys. It already buys 100% green electricity and targets energy neutrality on its own sites by 2030, although the renewable energy consortium appointed for that goal had yet to file permit applications. A plan for full climate neutrality by 2050 is being developed.

80 GWhEnergy use (78 GWh in 2024)2025 · actual
100%Share of purchased electricity that is green2025 · actual
92 GWhRenewable generation sought from the appointed consortiumTarget · by 2030

06

Key Challenges

  1. Reducing water loss towards an Infrastructure Leakage Index of 0.80 by end-2030.
  2. Delivering rising mains renewal while keeping the debt ratio below its fixed limit.
  3. Rebuilding financial resilience when most income varies with volumes but most costs are fixed.
  4. Securing drought-resilient supply through new capacity, aquifer storage and brackish and seawater treatment.
  5. Supporting municipal sewerage investment towards waterway quality targets for 2027.

07

Major Projects

De Gavers Water Production Centre Expansion

Expansion of the De Gavers water production centre, with €10.5 million invested in the project during 2025.

Status / period
Under construction · works started 10 January 2022

Brackish and Seawater Treatment

Preparation to treat brackish water and seawater as an ultimate drought-resistant source of drinking water.

Status / period
In preparation
Investment / capacity
Up to 12,000 m³/day brackish; up to 7,200 m³/day seawater

BESIX Group – Perpetum Energy – Rebel Development Renewable Consortium

Consortium appointed to develop solar and wind generation on De Watergroep sites under a 25-year power purchase agreement.

Status / period
Appointed 2024 · permit applications due 2026
Investment / capacity
Around 92 GWh by 2030 (target)

Evidence

Sources and reporting periods

This Snapshot draws on De Watergroep’s annual reports and board reports on the annual accounts for 2018 to 2025, its company profile, the Flemish WaterRegulator’s tariff regulation pages and the Flemish Government’s Blue Deal programme page.

Evidence through: 2026-09-2118 source documents

Report library

Reports on De Watergroep

2 reports available for purchase

Utility Financial Structure and Risk: De Watergroep cover

Financial structure and risk

Utility Financial Structure and Risk: De Watergroep

This report evaluates how De Watergroep manages tariff dependence, debt discipline, institutional funding, capital investment, network renewal, water losses, and regulated financial risk across its Flemish drinking-water system.
Edition
2026
Price
USD 499
Explore report →
Water Utility of the Future: De Watergroep cover

Utility transformation

Water Utility of the Future: De Watergroep

This report evaluates how De Watergroep advances climate-resilient water supply, network renewal, source diversification, digital metering, leakage reduction, tariff planning, and long-term water security across Flanders.
Edition
2026
Price
USD 499
Explore report →

Stay informed

Our Future Water Intelligence updates

New analysis, water intelligence and report releases, delivered by email.