ACTIVE

WALTH

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Financial year 2025 · Closed on 31/12/2025

Net result-641,3 k €+59,8 %over 1 year

Revenue2,5 M €+33,9 %over 1 year

Equity4,1 M €+433,7 %over 1 year

Workforce13,1 ETP-8,4 %over 1 year

Identity

Source · BCE/KBO

WALTH is a Public limited company incorporated in 1936. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. 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

Activities (NACE)

46732Wholesale of wood, construction materials and sanitary equipment· main 46832Wholesale trade, except of motor vehicles and motorcycles 51531Air transport

Joint committees (3)

12503
200
218

Contacts

2 public details availableLog in to view

Signals

Healthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,5 M €	+33.9%	1,8 M €	+46.4%	1,3 M €	-13.1%	1,4 M €	+19.8%	1,2 M €
EBITDA	-139,7 k €	+78.8%	-657,6 k €	-28.8%	-510,5 k €	-359%	196,7 k €	+12.6%	174,7 k €
Operating result	-535,9 k €	+48.3%	-1 M €	-37.8%	-752,5 k €	-1315%	61,9 k €	-52.1%	129,4 k €
Net result	-641,3 k €	+59.8%	-1,6 M €	-88.3%	-847,1 k €	-17307%	-4,9 k €	-109%	52,4 k €
Balance sheet
Equity	4,1 M €	+434%	774,5 k €	-67.3%	2,4 M €	-26.3%	3,2 M €	-0.2%	3,2 M €
Total assets	15,5 M €	+80.8%	8,6 M €	-6.5%	9,2 M €	+38.0%	6,7 M €	+5.9%	6,3 M €
Cash	–		26,1 k €	+355%	5,7 k €	+341%	1,3 k €	-51.5%	2,7 k €
Debts	11,3 M €	+51.0%	7,5 M €	+11.3%	6,7 M €	+99.1%	3,4 M €	+12.2%	3 M €
Other
Workforce	13,1 ETP	-8.4%	14,3 ETP	+16.3%	12,3 ETP	+120%	5,6 ETP	+60.0%	3,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Greet Vandersmissen	Directorsince 08/12/2020
Groep Tom Heeren0737.740.131Represented by Tom Heeren	Managing directorsince 08/12/2020
Stijn Heeren	Directorsince 08/12/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andrea Joris	Managing director04/06/2015 → 2020 accounts
BAETEN INVEST0478.012.931Represented by Joris Andrea	Director04/06/2015 → 08/12/2020

Other companies at this address

Genkersteenweg 195 3500 Hasselt

Company	CBE no.
ASGRO VASTGOED● Active	0464.335.238
Bastijns Gebroeders Algemene Bouwonderneming● Active	0400.929.308
BATIM● Active	0420.672.271
ECO-Invest● Active	0670.871.497
GROEP LIMBURGSE BOUWMARKTEN● Active	0448.331.129
GROEP M● Active	0419.054.252
Groep Tom Heeren● Active	0737.740.131
HUBO HANDBAL JEUGDOPLEIDING● Active	0787.240.716
JUNIM - HANDELMAATSCHAPPIJ● Active	0447.317.676
LIP-A● Active	0677.456.710
LIP-B● Active	0705.897.803
LIP-C● Active	0728.655.387
LIP-D● Active	0728.655.189
LIP-E● Active	0745.537.941
NEAN● Active	0428.619.442
RSPO● Active	1016.261.773
TUAKA● Active	0737.740.626

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	08/07/2025	04/07/2024	12/07/2023	08/08/2022	02/08/2021
General meeting	24/06/2026	30/06/2025	28/06/2024	29/06/2023	15/07/2022	28/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	08/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	29/06/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	15/07/2022	08/08/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	02/08/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	04/06/2020	Dutch	PDF
Abridged model	31/12/2018	27/06/2019	05/08/2019	Dutch	PDF
Abridged model	31/12/2017	07/06/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	22/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	04/06/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	05/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	24/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Greet Vandersmissen	Directorsince 08/12/2020
Groep Tom Heeren0737.740.131Represented by Tom Heeren	Managing directorsince 08/12/2020
Stijn Heeren	Directorsince 08/12/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andrea Joris	Managing director04/06/2015 → 2020 accounts
BAETEN INVEST0478.012.931Represented by Joris Andrea	Director04/06/2015 → 08/12/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1936

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Groep Tom Heeren

Greet Vandersmissen

Stijn Heeren

BAETEN INVEST

Andrea Joris

Peter Baeten-Monnoyeur

PETER BAETEN- MONNOYEUR

RENE BAETEN- MONNOYEUR

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

WALTHHoutwijk

Genkersteenweg 195 bte 1.01, 3500 Hasselt

Managing director

Director

Managing directorDirector

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Genkersteenweg 195 bte 1.01, 3500 HasseltCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00291626

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
WALTHCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00291626
Houtwijk	accounts 2006 → 2019	Accounts 2019 · 2020-14800430

Events

2025
Annual accounts 2025-641,3 k €↑
2024
Annual accounts 2024-1,6 M €↓
2023
Annual accounts 2023-847,1 k €↓
2022
Annual accounts 2022-4,9 k €↓
2021
Annual accounts 202152,4 k €↑
2020
Name changeWALTH
2019
Annual accounts 2019-22,6 k €↓
2018
Annual accounts 201821,3 k €↑
2017
Annual accounts 201714,6 k €↑
2016
Annual accounts 201613,9 k €↓
2015
Annual accounts 201586,5 k €↑
2014
Annual accounts 201465,4 k €↓
2013
Annual accounts 2013109,3 k €↓
2012
Annual accounts 2012126,2 k €↓
2011
Annual accounts 2011135,8 k €↑
2010
Annual accounts 201060,1 k €↑
2009
Annual accounts 200947,5 k €↑
2008
Annual accounts 2008-263,2 k €↓
2007
Annual accounts 200764,1 k €↑
2006
Annual accounts 200658,7 k €
02/04/1936
IncorporationPublic limited company

WALTH

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events