Spaque

What Spaque does

Spaque (legal entity: SPAQUE sa) is a Belgian public-interest operator headquartered in Liège, mandated by the Walloon Government to manage polluted soil and rehabilitate industrial brownfields across the Walloon Region of Belgium. Founded in 1991 and structured as a Société Anonyme (SA), the company serves exclusively public-sector clients — including the Walloon Government, municipalities (Liège, Châtelet, Charleroi, Namur), autonomous ports, and intercommunal bodies — through government commissions and public procurement. Its core activities span the full lifecycle of contaminated-site management: site investigation, soil decontamination via thermal treatment, phytoremediation, biological in-situ treatment, and selective deconstruction; landfill rehabilitation (reprofiling, leachate management, impermeable capping); groundwater monitoring and treatment; and post-remediation redevelopment into residential, commercial, or renewable-energy use. Spaque has rehabilitated over 1,000 hectares of land across 59 sites since 2000 and contributed 14,032 hectares of parcel inventory to the Walloon BDES database.

The company operates three service lines: (1) Gestion et reconversion du foncier dégradé (degraded land management and reconversion), the core remediation business; (2) Support aux activités environnementales et territoriales, providing technical and administrative support to public and private remediation projects; and (3) Centrale d'achats, a centralized purchasing system aggregating 14 specialized procurement categories for municipalities and public entities. Spaque also develops photovoltaic power plants on remediated sites, generating 3.9 million kWh of green energy in 2024. Revenue flows almost exclusively from public sources — direct Walloon Government mandates, European FEDER co-financing (€314.3M for 2021-2027), Plan Marshall program funding (€243M envelope), and Plan de Relance de la Wallonie allocations. The company's competitive position is rooted in its statutory regional mandate, multi-decade track record, and access to non-dilutive capital pools that fund multi-year, large-scale remediation programs unattainable for purely commercial competitors.

Name

Spaque

Legal name

SPAQUE sa

Website

https://spaque.be

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Spaque is the Walloon Government's mandated operator for polluted soil management and brownfield rehabilitation in Belgium's Wallonia region, serving municipalities and public entities through government commissions, public procurement, and a centralized purchasing platform, with a track record of rehabilitating over 1,000 hectares since 2000.

Ownership category

akta.pro rank

Headquarters

HQ city

Liège

HQ country

Belgium

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Government Mandates and Public Procurement: Spaque operates as a Walloon Government-mandated operator for polluted soil remediation. Revenue is generated through government commissions, European funding (FEDER programs), and regional development funds (Plan de Relance de la Wallonie, Plan Marshall). The company also executes public procurement contracts for rehabilitation work.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Spaque is a Walloon Government-mandated public interest operator specializing in environmental rehabilitation, soil pollution remediation, and conversion of degraded land. It delivers end-to-end services including site investigations, pollution diagnosis, remediation works, redevelopment of treated sites, and landfill rehabilitation. Spaque also operates a centralized purchasing system (centrale d'achats) that connects pre-qualified specialized contractors with public entities for land rehabilitation projects.

Product overview

Spaque is a multi-task operator specialized in environmental rehabilitation and polluted soil management for the Walloon Region of Belgium. The company operates a unified service portfolio organized around three core pillars: (1) land management and conversion of degraded land (Gestion et reconversion du foncier dégradé), (2) technical support for environmental and territorial activities, and (3) a centralized purchasing platform (Centrale d'achats) serving municipalities, ports, and intercommunal bodies. The purchasing center aggregates 14 distinct procurement categories covering the full lifecycle of polluted site remediation — from soil investigation and asbestos audits through deconstruction, drilling, and contaminated soil management to laboratory analysis, landfill rehabilitation, and renewable energy infrastructure construction. Spaque also develops and operates photovoltaic power plants on rehabilitated land. The company does not offer a software product, API, or SaaS platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Gestion et reconversion du foncier dégradé
• Support aux activités environnementales et territoriales
• Centrale d'achats
• Centrales photovoltaïques

Quantifiable outcome

• 59 sites rehabilitated, with 23 sites (599 hectares) reconverted and 26 sites (387 hectares) with ongoing reconversion projects
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Ville de LiègecoreStrategic or Co-development PartnerStrategic partner for multiple rehabilitation and redevelopment projects including Chênée riverside development (LBP site), with joint master planning for urban renewal in the aftermath of 2021 floods.
• Ville de ChâteletcoreStrategic or Co-development PartnerPartner in landfill rehabilitation project at Chêne à l'Image, with SPAQUE implementing environmental restoration and nature rehabilitation following remediation.
• CPAS de NamurminorStrategic or Co-development PartnerProperty owner and beneficiary of ACINA site rehabilitation enabling development of new projects on formerly contaminated land.
• Port autonome de CharleroiminorStrategic or Co-development PartnerProperty owner of AMS Nord site who proceeded with dismantling of above-ground structures and partnered with SPAQUE for site rehabilitation.
• ARIES Consultants, UCLouvain, CRA-WminorStrategic or Co-development PartnerConsortium partners in developing IQSW-pro (Indice de Qualité des Sols Wallons), a soil quality assessment tool supported by SPAQUE as reference partner for Walloon soil health management.
• DNF (Département de la Nature et des Forêts)minorStrategic or Co-development PartnerCollaborative partner in developing biodiversity restoration plans integrated with landfill rehabilitation, particularly for the Chêne à l'Image project.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Stantec: North American environmental and engineering consultancy with a European environmental services practice covering site investigation, remediation, and brownfield redevelopment. Comparable on contaminated land services but distributed across many geographies rather than concentrated regionally.
• WSP Global: Global engineering and environmental consultancy with a large contaminated land and brownfield redevelopment practice serving European public and private clients. Competes with SPAQUE on remediation design and project management but does not operate as a mandated regional operator.
• Arcadis: Dutch-headquartered design and environmental consultancy with a strong contaminated land and brownfield redevelopment practice across Europe. Comparable to SPAQUE on remediation advisory and project execution but offers a much broader advisory portfolio.
• Veolia: Global environmental services group with a soil and groundwater remediation division serving municipal and industrial clients across Europe. Overlaps with SPAQUE on contaminated land services but as part of a much broader water and waste portfolio.
• SUEZ: French-headquartered environmental services group with a hazardous waste and soil remediation segment. Operates across similar end markets to SPAQUE but at significantly larger scale and broader scope.

Regional players

• Tauw Group: Dutch environmental consulting and engineering firm with strong soil and groundwater remediation capabilities. Comparable to SPAQUE on technical remediation services, but operates primarily in the Netherlands rather than Belgium/Wallonia.
• Renewi: Benelux-headquartered waste management company with capabilities in contaminated soil handling and landfill services. Adjacent to SPAQUE on the waste and soil management chain, but with broader commercial waste exposure and no remediation mandate.
• Antea Group: Dutch/French environmental engineering consultancy providing site investigation, soil remediation, and environmental management primarily in the Benelux and France. Comparable to SPAQUE on contaminated site services, but not a mandated regional operator.

Others

• Geocycle (Holcim): Holcim's waste management arm offering co-processing of contaminated soils and industrial waste in cement kilns. Adjacent competitor on certain thermal treatment routes used by SPAQUE, but focused on waste valorization rather than full brownfield redevelopment.

Direct peers

• Séché Environnement: French specialist in industrial waste and soil decontamination with a comparable multi-modality remediation offering (thermal, biological, excavation) and a strong mix of public-sector and industrial clients. Highly comparable to SPAQUE in operating model and service scope.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SPAQuEsa
• YouTubeyoutube.com/user/spaquesa
• Facebookfacebook.com/spaquesa
• LinkedInlinkedin.com/company/spaque
• Pinterestpinterest.fr/spaquesa

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spaque