vik

What vik does

ViK Burgas (ВиК Бургас) is a 100% state-owned water and sewerage utility, fully owned by the Bulgarian Water and Sewerage Holding EAD, operating as the sole licensed provider of water supply, wastewater collection, and wastewater treatment services across the Burgas region of Bulgaria. The operator has run continuously since 1957 and serves approximately 250 settlements organized into 14 operational districts, with a permanent customer base of roughly 300,000 that expands to as many as 1 million users during the Black Sea tourist season. Its infrastructure footprint includes the Kamchia reservoir (235 million m³ capacity), the Yasna Polyana reservoir, and 23 wastewater treatment plants, with water-use permits valid through May 2030.

The company's revenue model is a regulated tariff structure approved by the Energy and Water Regulatory Commission (KEVR), with current pricing effective as of March 2026 for the 2027–2031 regulatory period: residential water at 1.289 EUR/m³, plus wastewater collection and treatment charges that bring the combined residential bill to approximately 2.25 EUR/m³. Commercial and industrial customers are billed at higher rates. The operator holds ISO 9001, ISO 14001, ISO 45001, and ISO/IEC 27001 certifications, and has announced an 8 million EUR capital investment programme for 2026 alongside rooftop solar PV installations at three sites.

ViK Burgas is undergoing an operational modernization phase: it is investing in network renewal, deploying distributed solar generation to reduce energy intensity, and aligning its reporting and pricing with the euro following Bulgaria's currency transition. Revenue is generated almost entirely from regulated volumetric tariffs on residential, commercial, industrial, and inter-operator customers, with no disclosed diversification beyond core water and wastewater services.

Name

vik

Legal name

"Водоснабдяване и Канализация" ЕАД

Website

https://vik-burgas.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

11–50 employees

Short description

ViK Burgas is the 100% state-owned sole provider of water supply, wastewater collection, and wastewater treatment services for the Burgas region of Bulgaria, serving approximately 300,000 permanent residential, commercial, and industrial customers across 250 settlements under KEVR-regulated tariffs.

Ownership category

akta.pro rank

Product category

Water and Sewerage Utility Services

NAICS

Water, Sewage and Other Systems (2213), Sewage Treatment Facilities (22132), Water Supply and Irrigation Systems (22131), Water Supply and Irrigation Systems (221310)

SIC

Water Supply (4941), Electric, Gas & Sanitary Services (4900), Sanitary Services (4950)

akta.pro industry

PRIMARYBPALAMAA

Municipal Wastewater Collection (Sewer Networks)

Business & Public Services/Waste Management & Remediation Services/Wastewater & Septage Management Services

SECONDARYEUANACAA

Gravity Sewer Collection Networks (Sanitary Sewers)

Energy, Utilities & Environment/Water & Wastewater Utilities/Wastewater Collection (Sewer Networks)

SECONDARYEUANACAC

Sewer Pump/Lift Stations & Wet Wells

Energy, Utilities & Environment/Water & Wastewater Utilities/Wastewater Collection (Sewer Networks)

SECONDARYIMAHAEAJ

Water & Wastewater Treatment Plant Equipment (Clarifiers, Aeration, Membrane Systems)

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Process & Industrial Plant Equipment

Keywords

• Water supply services
• Wastewater treatment
• Sewerage utilities
• Water utility infrastructure
• Municipal water services

Headquarters

HQ city

Burgas

HQ country

Bulgaria

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Others

Revenue model

1. Water Supply Services: Core revenue from delivering drinking water to residential, commercial, and industrial consumers. Rates regulated by the Energy and Water Regulatory Commission (KEVR). Current rate as of March 2026: 2.522 BGN/m³ (1.289 €/m³) for consumers.
2. Wastewater Collection: Revenue from wastewater disposal services. Rate as of March 2026: 0.741 BGN/m³ (0.379 €/m³).
3. Wastewater Treatment: Revenue from treating wastewater. Residential rate: 1.140 BGN/m³ (0.583 €/m³). Industrial rates vary by pollution level: Level 1 - 1.703 BGN/m³, Level 2 - 1.843 BGN/m³, Level 3 - 2.375 BGN/m³.
4. Water Supply to Other Operators: Revenue from supplying water to other water and sewerage operators. Rate: 0.057 BGN/m³ (0.029 €/m³).
5. Connection and Service Fees: Fees for connection to water/sewer networks, meter installation, account opening, project approval, and other services. Governed by tariff under Spatial Development Act.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

ВиК Бургас supplies drinking water, collects wastewater through sewer networks, and treats wastewater at 23 treatment plants for residential, commercial, and industrial customers across 250 settlements in Burgas Oblast, Bulgaria. The utility operates as the exclusive regional water and sewerage provider, with tariffs regulated by the Energy and Water Regulatory Commission (KEVR). It also provides customer account management, metered billing, water meter services, connection approvals, and emergency response across 14 operational districts.

Product overview

ВиК Бургас operates as a regional water supply and sewerage utility (водоснабдяване и канализация) providing an integrated portfolio of services across 14 operational districts serving 250 settlements in Burgas Oblast, Bulgaria. Its core offerings encompass drinking water supply from the Kamchia and Yasna Polyana reservoirs, wastewater collection via sewer networks, and wastewater treatment at over 20 treatment plants (ПСОВ/ЛПСОВ). The utility also delivers customer-facing services including account management (opening/closing/transferring партиди), monthly billing and multi-channel payment processing, water meter installation/readout/verification, and design approval for new property connections. Supporting services include emergency response, an e-services portal for electronic invoicing, a testing laboratory for water meter and water quality analysis, and solar photovoltaic installations for on-site renewable energy. The company is transitioning from Bulgarian lev to euro-denominated pricing as of March 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Water Supply Services (Доставяне на вода на потребителите) Delivers drinking water to residential, commercial, and industrial consumers across 250 settlements in Burgas Oblast, sourced primarily from the Kamchia and Yasna Polyana reservoirs, with rates regulated by KEVR (2.522 BGN/m³ as of March 2026).
• Wastewater Collection Services (Отвеждане на отпадъчни води)

Quantifiable outcome

• Kamchia reservoir lifespan of 230 years from construction (until 2203 AD) under current conditions
• +1 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• United Utilities: UK-listed water and wastewater company serving the North West of England. Comparable as a regulated integrated water utility with similar asset-heavy infrastructure and regulator-driven capex programs.
• American Water Works: Largest publicly traded US water and wastewater utility. Comparable as a regulated utility providing water supply, wastewater collection, and treatment to residential and commercial customers across a defined service territory.
• Suez Water (Suez / Veolia Water Technologies): International water services and technology provider operating regulated utilities and treatment solutions. Comparable broad incumbent with overlapping service lines including municipal water supply and wastewater treatment.
• Veolia Water: Global leader in water and wastewater services operating concessions and regulated utilities worldwide. Comparable as a broad incumbent offering the same integrated water/wastewater service model at much larger scale.

Direct peers

• Sofiyska Voda (ВиК София): Sole water and sewerage operator for Sofia, Bulgaria's capital. Directly comparable as a regulated Bulgarian municipal water utility operating a similar integrated water/wastewater business model under KEVR oversight.
• ВиК Пловдив (ViK Plovdiv): Regional water and sewerage operator serving Plovdiv area in Bulgaria. Comparable as a regulated integrated utility with similar service portfolio (water supply, sewerage, wastewater treatment) under KEVR oversight.
• ВиК Стара Загора (ViK Stara Zagora): Regional Bulgarian water and sewerage utility under the same Bulgarian Water and Sewerage Holding. Operates the same regulated business model across a comparable number of settlements.
• ВиК Варна (ViK Varna): Regional water and sewerage operator for Varna, Bulgaria. Highly comparable: same regulatory framework (KEVR), shared Kamchia reservoir water source, and similar coastal-tourism demand profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vik

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 vik