Enterprise

WILLEMEN GROEP consists of many different companies, with operations largely decentralised. The individual companies benefit from this extensive autonomy because their activities are so varied and specialised. This is also why the business lines have their own monitoring systems, adapted to the specific nature of the work. The Supervisory Board, Group Management Committee, Real Estate Committee and various Shared Service Centres oversee affairs at group level.
 


supervisory board

The Supervisory Board consists of the group’s shareholders – Johan, Tom, Katleen and Bram Willemen – along with five external members. It acts as an important advisory body within the group. The Board meets every two months to analyse and verify the financial and operational management of the group. The five external members each have in-depth expertise in a particular field and their advice is key to the effective functioning of the group.

The Supervisory Board plays an important role in strategic decisions on:

• Financial structure
• External benchmarking
• Risk management
• The management structures of various departments
• Acquisitions

The Supervisory Board is assisted and advised by three committees: the Appointments and Remuneration Committee, the Audit Committee, and the Risk Committee.

Members of the Supervisory Board


Shared Service Centers

The Shared Service Centres support the day-to-day operations of all the group’s operational services. The SSCs are based in the head office in Mechelen and tasked with ensuring the operational departments only need to focus on their core activities. This has significantly increased the efficiency of our operations.

The group has the following Shared Service Centres:

• Finance: accounting and financial management 
• Legal, Risk & Insurance: legal matters, risk management, insurance and fleet management. 
• Human Resources: coordination of the HR policy. 
• IT: maintenance of information and communication technologies. 
• Quality, Safety & Environment: combines the knowledge of all safety and prevention advisers, and quality and environment coordinators. 
• Business Transformation: analysis and optimisation of business processes, new ways of working, and implementation of associated software packages.


Key figures

The financial year runs from 01/01 to 31/12.

Balance

EUROS '000 2017 2016 2015 2014 2013
Fixed assets 87.722 79.862 82.067 66.443 62.216
Current assets 361.793 326.400 298.089 273.537 279.739
Equity Capital 96.052 84.286 81.300 79.103 72.007
Third-party interests 3.280 2.624 2.385 2.029 1.786
Provisions 3.966 7.875 9.689 8.810 8.754
Total for liabilities 449.515 406.263 380.155 339.980 341.955

profit and loss account

EUROS '000 2017 2016 2015 2014 2013
Operating income 800.234 736.572 662.877 619.811 669.277
EBIT 18.295 18.167 18.056 15.443 12.718
Financial result -6.736 -7.169 -7.917 -6.121 -6.234
Exceptional result 478 -40 1.232 518 4.893
Profit before taxes 18.295 10.957 11.371 9.841 11.376
Equity mutation/ Third-party share -3.924 -2.654 -4.225    
Consolidated profit 11.819 5.837 2.292 7.049 5.966

 

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