ACTIVE

WALTH

Financial year 2025 · closed on 31/12/2025
Net result
-641,3 k €
+59.8% YoY
Revenue
2,5 M €
+33.9% YoY
Equity
4,1 M €
+433.7% YoY
Workforce
13,1 ETP
-8.4% YoY

What does WALTH do?

WALTH is a Public limited company incorporated in 1936. Its registered office is in Hasselt. It employs on average 13,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0404.645.594
Incorporation
02/04/1936
Legal form
Public limited company
Registered office
Genkersteenweg 195 box 1.01
3500 Hasselt · FlandreSee on map
Contributed capital
7 000 000,00 €
Latest accounts
31/12/2025
Average workforce
13,1 ETP
Joint committees (3)
  • 12503
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
Healthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Revenue2,5 M €1,8 M €1,3 M €1,4 M €1,2 M €
EBITDA-139,7 k €-657,6 k €-510,5 k €196,7 k €174,7 k €-14,1 k €11,9 k €-6,2 k €22,6 k €77 k €28,8 k €128,9 k €117 k €152,4 k €41,3 k €85 k €-70 k €231,3 k €161,5 k €
Operating result-535,9 k €-1 M €-752,5 k €61,9 k €129,4 k €-21,7 k €4 k €-13,2 k €21,4 k €75,1 k €27,4 k €113,4 k €101,3 k €126,2 k €10,7 k €58,6 k €-90,3 k €210 k €146 k €
Net result-641,3 k €-1,6 M €-847,1 k €-4,9 k €52,4 k €-22,6 k €21,3 k €14,6 k €13,9 k €86,5 k €65,4 k €109,3 k €126,2 k €135,8 k €60,1 k €47,5 k €-263,2 k €64,1 k €58,7 k €
Balance sheet
Equity4,1 M €774,5 k €2,4 M €3,2 M €3,2 M €954,6 k €1,9 M €1,9 M €1,9 M €1,9 M €1,8 M €1,7 M €1,6 M €1,5 M €1,4 M €1,3 M €1,2 M €1,5 M €1,4 M €
Total assets15,5 M €8,6 M €9,2 M €6,7 M €6,3 M €1,6 M €2,6 M €3,1 M €3,1 M €4,5 M €4,8 M €4,8 M €4,7 M €5 M €4,6 M €5,3 M €5,5 M €5,9 M €6,1 M €
Cash26,1 k €5,7 k €1,3 k €2,7 k €75,2 k €51,5 k €40,4 k €190,2 k €38,1 k €78,8 k €141,6 k €100,3 k €116,4 k €218,6 k €216,2 k €109,1 k €44,6 k €41,4 k €
Debts11,3 M €7,5 M €6,7 M €3,4 M €3 M €662 k €630,1 k €1,1 M €1,2 M €2,6 M €3 M €3 M €3,1 M €3,4 M €3,2 M €3,9 M €4,1 M €4,3 M €4,6 M €
Other
Workforce13,1 ETP14,3 ETP12,3 ETP5,6 ETP3,5 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP1,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

Greet Vandersmissen

Director · since 08 décembre 2020

Active
Groep Tom Heeren

Managing director · since 08 décembre 2020 · 0737.740.131

Represented by Tom Heeren

Active
Stijn Heeren

Director · since 08 décembre 2020

Active

Ended mandates

Groep Tom Heeren

Managing director · since 08 décembre 2020 · 0737.740.131

Represented by Tom Heeren

Ended
Groep Tom Heeren

Managing director · since 08 décembre 2020 · 0737.740.131

Represented by TOM HEEREN

Ended
Andrea Joris

Managing director · since 04 juin 2015 · until 08 décembre 2020

Ended
Andrea Joris

Managing director · since 04 juin 2015 · until 03 juin 2021

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/07/202608/07/202504/07/202412/07/202308/08/202202/08/2021
General meeting24/06/202630/06/202528/06/202429/06/202315/07/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202610/07/2026DutchPDF
Full model31/12/202430/06/202508/07/2025DutchPDF
Full model31/12/202328/06/202404/07/2024DutchPDF
Full model31/12/202229/06/202312/07/2023DutchPDF
Full model31/12/202115/07/202208/08/2022DutchPDF
Full model31/12/202028/06/202102/08/2021DutchPDF
Abridged model31/12/201904/06/202004/06/2020DutchPDF
Abridged model31/12/201827/06/201905/08/2019DutchPDF
Abridged model31/12/201707/06/201805/07/2018DutchPDF
Abridged model31/12/201622/06/201720/07/2017DutchPDF
Abridged model31/12/201502/06/201622/06/2016DutchPDF
Abridged model31/12/201404/06/201504/06/2015DutchPDF
Abridged modelCorrection31/12/201305/06/201414/08/2014DutchPDF
Abridged model31/12/201305/06/201425/06/2014DutchPDF
Abridged model31/12/201206/06/201328/08/2013DutchPDF
Abridged model31/12/201107/06/201226/06/2012DutchPDF
Abridged model31/12/201003/06/201127/06/2011DutchPDF
Abridged model31/12/200903/06/201002/07/2010DutchPDF
Abridged model31/12/200804/06/200931/07/2009DutchPDF
Abridged model31/12/200705/06/200808/07/2008DutchPDF
Abridged model31/12/200607/06/200724/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

Greet Vandersmissen

Director · since 08 décembre 2020

Active
Groep Tom Heeren

Managing director · since 08 décembre 2020 · 0737.740.131

Represented by Tom Heeren

Active
Stijn Heeren

Director · since 08 décembre 2020

Active

Ended mandates

Groep Tom Heeren

Managing director · since 08 décembre 2020 · 0737.740.131

Represented by Tom Heeren

Ended
Groep Tom Heeren

Managing director · since 08 décembre 2020 · 0737.740.131

Represented by TOM HEEREN

Ended
Andrea Joris

Managing director · since 04 juin 2015 · until 08 décembre 2020

Ended
Andrea Joris

Managing director · since 04 juin 2015 · until 03 juin 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/08/2026
    Herbenoeming
    PDF
  • Capital / shares18/09/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates07/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/01/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/10/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/02/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates31/12/2009
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-641,3 k €
  2. 2024
    Annual accounts 2024-1,6 M €
  3. 2023
    Annual accounts 2023-847,1 k €
  4. 2022
    Annual accounts 2022-4,9 k €
  5. 2021
    Annual accounts 202152,4 k €
  6. 2020
    Name changeWALTH
  7. 2019
    Annual accounts 2019-22,6 k €
  8. 2018
    Annual accounts 201821,3 k €
  9. 2017
    Annual accounts 201714,6 k €
  10. 2016
    Annual accounts 201613,9 k €
  11. 2015
    Annual accounts 201586,5 k €
  12. 2014
    Annual accounts 201465,4 k €
  13. 2013
    Annual accounts 2013109,3 k €
  14. 2012
    Annual accounts 2012126,2 k €
  15. 2011
    Annual accounts 2011135,8 k €
  16. 2010
    Annual accounts 201060,1 k €
  17. 2009
    Annual accounts 200947,5 k €
  18. 2008
    Annual accounts 2008-263,2 k €
  19. 2007
    Annual accounts 200764,1 k €
  20. 2006
    Annual accounts 200658,7 k €
  21. 2006
    Name changeHoutwijk
  22. 02/04/1936
    IncorporationPublic limited company