ACTIVE

Woonstart

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Financial year 2025 · Closed on 31/12/2025

Net result-835,2 k €-19,4 %over 1 year

Revenue7,3 M €+30,0 %over 1 year

Equity15,5 M €+31,3 %over 1 year

Workforce17,1 ETP-0,6 %over 1 year

Identity

Source · BCE/KBO

Woonstart is a Private limited company incorporated in 1923. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Tielt. It employs on average 17,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0405.220.963
Incorporation: 30/08/1923
Legal form: Private limited company
Registered office: Sint-Michielstraat 1A
8700 Tielt · FlandreSee on map
Contributed capital: 20 000,27 €
Latest accounts: 31/12/2025
Average workforce: 17,1 ETP

Activities (NACE)

68202Rental and operating of own or leased real estate· main 68202Rental and operating of own or leased real estate 70202Management consultancy activities 41001Construction of buildings 41101Development of building projects 41201Construction of residential and non-residential buildings+7

Joint committees (2)

339
33901

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 52 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	7,3 M €	+30.0%	5,6 M €	-6.5%	6 M €	+6.6%	5,7 M €	+57.3%	3,6 M €
EBITDA	2,4 M €	+34.2%	1,8 M €	+2.9%	1,7 M €	+118%	784,3 k €	-69.5%	2,6 M €
Operating result	-421,7 k €	-41.3%	-298,5 k €	-11.7%	-267,2 k €	+53.2%	-571,5 k €	-147%	1,2 M €
Net result	-835,2 k €	-19.4%	-699,6 k €	-2.0%	-685,8 k €	+31.6%	-1 M €	-244%	697,9 k €
Balance sheet
Equity	15,5 M €	+31.3%	11,8 M €	-6.5%	12,6 M €	+99.2%	6,3 M €	-14.1%	7,4 M €
Total assets	97,5 M €	+32.7%	73,5 M €	+0.2%	73,3 M €	+28.7%	57 M €	-6.5%	60,9 M €
Cash	2 M €	+29.5%	1,6 M €	-66.1%	4,6 M €	+168%	1,7 M €	+9.6%	1,6 M €
Debts	81 M €	+32.7%	61,1 M €	+1.7%	60 M €	+19.7%	50,2 M €	-5.5%	53,1 M €
Other
Workforce	17,1 ETP	-0.6%	17,2 ETP	-2.3%	17,6 ETP	+151%	7,0 ETP	+22.8%	5,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 53 ended

Active mandates

Annick Debonné

Mandate

Active

Bram De Rammelaere

Mandate

Active

Claudine Wittevrongel

Mandate

Active

Evy Biebuyck

Mandate

Active

Heidi Lievrouw

Mandate

Active

Hendrik Verkest

Mandate

Active

Hilde Decoene

Mandate

Active

Katrien Delodder

Mandate

Active

Kobe Deconinck

Mandate

Active

Luc Vannieuwenhuyze

Mandate

Active

Pascal Heytens

Mandate

Active

Sandra Quintyn

Mandate

Active

Shala Donjeta

Mandate

Active

Tom Braet

Mandate

Active

Virginie Vermaete

Mandate

Active

Ended mandates

Simon Bekaert

Director · since 02 juin 2022 · until 03 juin 2027

Ended

Pascal Baert

Vice-chairman of the board of directors · since 03 juin 2021 · until 06 juin 2024

Ended

Hedwig Verdoodt

Director · since 06 juin 2019 · until 06 juin 2024

Ended

Hedwig Verdoodt

Director · since 15 avril 2019 · until 06 juin 2019

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	15/06/2026	19/06/2025	21/10/2024	19/06/2023	23/06/2022	07/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	01/06/2023	02/06/2022	03/06/2021
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, 52 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/06/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	19/06/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	11/06/2024	21/10/2024	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	24/06/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	19/06/2023	Dutch	PDF
Full model	31/12/2021	02/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	03/06/2021	07/06/2021	Dutch	PDF
Full model	31/12/2019	02/07/2020	15/07/2020	Dutch	PDF
Full model	31/12/2018	06/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	11/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	12/06/2017	10/07/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	17/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	26/06/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	15/07/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	08/06/2011	16/06/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	06/07/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	10/06/2009	Dutch	PDF
Full model	31/12/2007	05/06/2008	09/06/2008	Dutch	PDF
Full modelCorrection	31/12/2006	07/06/2007	04/09/2007	Dutch	PDF
Full model	31/12/2006	07/06/2007	12/06/2007	Dutch	PDF
Full model	31/12/2005	01/06/2006	07/06/2006	Dutch	PDF
Full model	31/12/2004	02/06/2005	07/06/2005	Dutch	PDF
Full model	31/12/2003	03/06/2004	06/10/2004	Dutch	PDF
m930-p	31/12/2001	06/06/2002	30/08/2002	Dutch	PDF
m930-p	31/12/2000	07/06/2001	27/06/2001	Dutch	PDF
m930-p	31/12/1999	08/06/2000	26/10/2000	Dutch	PDF
m930-p	31/12/1998	03/06/1999	09/07/1999	Dutch	PDF
m930-pCorrection	31/12/1997	05/06/1998	05/10/1998	Dutch	—
m930-p	31/12/1997	05/06/1998	21/08/1998	Dutch	—
m930-pCorrection	31/12/1996	05/06/1997	26/08/1997	Dutch	—
m930-p	31/12/1996	05/06/1997	06/06/1997	Dutch	—
m930-p	31/12/1995	01/01/9999	07/06/1996	Dutch	—
Full model	31/12/1994	01/06/1995	13/06/1995	Dutch	—
m930-p	31/12/1993	02/06/1994	01/07/1994	Dutch	—
m930-p	31/12/1992	03/06/1993	08/06/1993	Dutch	—
m930-p	31/12/1991	04/06/1992	09/06/1992	Dutch	—
m930-p	31/12/1990	06/06/1991	26/06/1991	Dutch	—
m930-p	31/12/1989	07/06/1990	13/06/1990	Dutch	—
Abridged model	31/12/1988	01/06/1989	08/06/1989	Dutch	—
Abridged model	31/12/1987	02/06/1988	07/06/1988	Dutch	—
m930-p	31/12/1986	04/06/1987	09/06/1987	Dutch	—
m930-p	31/12/1985	05/06/1986	19/06/1986	Dutch	—
m930-p	31/12/1984	06/06/1985	12/06/1985	English	—
m903-p	31/12/1983	07/06/1984	10/07/1984	English	—
m903-p	31/12/1982	09/06/1983	23/06/1983	English	—
m903-p	31/12/1981	26/05/1982	11/06/1982	English	—
m904-p	31/12/1980	01/01/9999	19/06/1981	English	—
m903-p	31/12/1979	01/01/9999	27/06/1980	English	—
m903-p	31/12/1978	01/01/9999	03/07/1979	English	—
m903-p	31/12/1977	01/01/9999	24/07/1978	English	—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

15 active · 53 ended

Active mandates

Annick Debonné

Mandate

Active

Bram De Rammelaere

Mandate

Active

Claudine Wittevrongel

Mandate

Active

Evy Biebuyck

Mandate

Active

Heidi Lievrouw

Mandate

Active

Hendrik Verkest

Mandate

Active

Hilde Decoene

Mandate

Active

Katrien Delodder

Mandate

Active

Kobe Deconinck

Mandate

Active

Luc Vannieuwenhuyze

Mandate

Active

Pascal Heytens

Mandate

Active

Sandra Quintyn

Mandate

Active

Shala Donjeta

Mandate

Active

Tom Braet

Mandate

Active

Virginie Vermaete

Mandate

Active

Ended mandates

Simon Bekaert

Director · since 02 juin 2022 · until 03 juin 2027

Ended

Pascal Baert

Vice-chairman of the board of directors · since 03 juin 2021 · until 06 juin 2024

Ended

Hedwig Verdoodt

Director · since 06 juin 2019 · until 06 juin 2024

Ended

Hedwig Verdoodt

Director · since 15 avril 2019 · until 06 juin 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring13/07/2026
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring06/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/01/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/05/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/09/2023
BENAMING - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Capital / shares01/08/2023
KAPITAAL - AANDELEN
PDF

Similar companies

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

See the Business plan

Timeline

30/06/2026
split
2025
Annual accounts 2025-835,2 k €↓
30/06/2025
augmentation_capital
20/03/2025
nominationEvy Biebuyck — bestuurder
20/03/2025
nominationClaudine Wittevrongel — bestuurder
20/03/2025
nominationBram De Rammelaere — bestuurder
20/03/2025
nominationKobe Deconinck — bestuurder
20/03/2025
nominationShala Donjeta — bestuurder
20/03/2025
nominationPascal Heytens — bestuurder
20/03/2025
nominationVirginie Vermaete — bestuurder
20/03/2025
nominationAnnick Debonné — bestuurder
20/03/2025
nominationHendrik Verkest — bestuurder
20/03/2025
nominationSandra Quintyn — bestuurder
01/01/2025
augmentation_capital
2024
Annual accounts 2024-699,6 k €↓
11/06/2024
nominationNV Callens - Vandelanotte — commissaris / bedrijfsrevisor
2023
Annual accounts 2023-685,8 k €↑
30/06/2023
split
30/06/2023
apport
09/03/2023
nominationKris Verwaeren — Algemeen Directeur
09/03/2023
nominationPeter De Clerck — Operationeel Directeur
2023
Name changeWoonstart
01/01/2023
apport
2022
Annual accounts 2022-1 M €↓
2021
Annual accounts 2021697,9 k €↑
2021
Name changeTieltse Bouwmaatschappij
2020
Annual accounts 2020-384 k €↑
2019
Annual accounts 2019-952,2 k €↓
2018
Annual accounts 2018702,5 k €↓
2017
Annual accounts 2017717,8 k €↑
2016
Annual accounts 2016-240 k €↓
2015
Annual accounts 2015798,6 k €↑
2014
Annual accounts 2014618,7 k €↑
2013
Annual accounts 2013562,1 k €↑
2012
Annual accounts 2012376,9 k €↑
2011
Annual accounts 2011112,7 k €↑
2010
Annual accounts 201084,8 k €↑
2009
Annual accounts 200957,9 k €↓
2008
Annual accounts 200896 k €↑
2007
Annual accounts 200753,3 k €↓
2006
Annual accounts 200665,4 k €
30/08/1923
IncorporationPrivate limited company

Woonstart

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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