Welders
0405.755.651 · rovalta.com · 23/09/2026
ACTIVE
Welders (SA)
Financial year 2025 · closed on 30/06/2025
Net result
173,1 k €
+199.9% YoY
Gross margin
3 M €
+16.2% YoY
Equity
3,6 M €
+4.1% YoY
Workforce
33,1 ETP
+0.9% YoY
Overview
What does Welders do?
Welders is a Public limited company incorporated in 1948. Its main activity is: Manufacture of central heating radiators and boilers. Its registered office is in Aalst. It employs on average 33,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0405.755.651
Incorporation
04/05/1948
Legal form
Public limited company
Registered office
Wijngaardveld 5
9300 Aalst · FlandreSee on map
9300 Aalst · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
30/06/2025
Average workforce
33,1 ETP
Activities (NACE)
25210Manufacture of central heating radiators and boilers· main25300Manufacture of steam generators, except central heating hot water boilers28210Manufacture of ovens, furnaces and furnace burners28300Manufacture of agricultural and forestry machinery25220Manufacture of tanks, reservoirs and containers of metal25290Manufacture of other tanks, reservoirs and containers of metal
Joint committees (4)
- 111
- 1110
- 209
- 2090
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 3 M € | +16.2% | 2,5 M € | -18.3% | 3,1 M € | +2.8% | 3 M € | +12.4% | 2,7 M € | -27.4% | 3,7 M € | +113% | 1,7 M € | -18.2% | 2,1 M € | +10.5% | 1,9 M € | – | – | – | – | – | – | – | – | ||||||||
| EBITDA | 761,2 k € | +75.9% | 432,8 k € | -50.6% | 876,7 k € | -11.8% | 994,3 k € | +21.7% | 817 k € | +0.3% | 814,9 k € | +207% | -761,6 k € | -410% | 245,9 k € | +337% | -103,7 k € | -123% | 454,8 k € | +877% | -58,6 k € | -122% | 269 k € | +138% | 112,9 k € | -51.2% | 231,3 k € | +161% | -378,6 k € | -183% | 456,6 k € | +71.8% | 265,7 k € |
| Operating result | 366,8 k € | +192% | 125,8 k € | -76.7% | 540,1 k € | -27.3% | 742,6 k € | +42.0% | 522,8 k € | +36.1% | 384,1 k € | +141% | -944,3 k € | -980% | 107,3 k € | +144% | -244,1 k € | -175% | 326,4 k € | +275% | -186,2 k € | -228% | 145,5 k € | +5136% | 2,8 k € | -97.9% | 134,1 k € | +130% | -445,1 k € | -248% | 300,9 k € | +42.0% | 211,9 k € |
| Net result | 173,1 k € | +200% | 57,7 k € | -82.1% | 323,2 k € | -50.8% | 657,5 k € | +54.8% | 424,7 k € | +40.0% | 303,5 k € | +130% | -1 M € | -1810% | 59,3 k € | +121% | -283,3 k € | -191% | 311,5 k € | +229% | -242,1 k € | -576% | 50,9 k € | +185% | -59,9 k € | -203% | 58 k € | +112% | -474,1 k € | -344% | 194 k € | +52.7% | 127,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 3,6 M € | +4.1% | 3,4 M € | +1.7% | 3,4 M € | +9.5% | 3,1 M € | +10.8% | 2,8 M € | +16.0% | 2,4 M € | +14.5% | 2,1 M € | +33.7% | 1,6 M € | +3.9% | 1,5 M € | -15.8% | 1,8 M € | +21.1% | 1,5 M € | -14.1% | 1,7 M € | +3.0% | 1,7 M € | -3.5% | 1,7 M € | +98.4% | 872,3 k € | -35.2% | 1,3 M € | +16.8% | 1,2 M € |
| Total assets | 11 M € | +2.6% | 10,8 M € | +14.8% | 9,4 M € | +20.8% | 7,8 M € | +7.2% | 7,2 M € | +16.1% | 6,2 M € | -1.8% | 6,4 M € | +28.7% | 4,9 M € | -1.4% | 5 M € | -8.7% | 5,5 M € | +38.2% | 4 M € | -54.4% | 8,7 M € | +21.5% | 7,2 M € | +41.7% | 5,1 M € | +40.3% | 3,6 M € | +25.7% | 2,9 M € | -48.1% | 5,5 M € |
| Cash | 384,7 k € | -28.2% | 535,8 k € | -0.4% | 538 k € | +50.0% | 358,7 k € | +79.1% | 200,3 k € | -52.4% | 420,5 k € | -42.9% | 737,1 k € | +586% | 107,5 k € | -85.4% | 738,3 k € | +47.0% | 502,1 k € | +725% | 60,8 k € | -77.3% | 268,2 k € | +24.5% | 215,3 k € | -55.6% | 485,3 k € | +45.0% | 334,7 k € | +86.9% | 179,1 k € | -11.6% | 202,6 k € |
| Debts | 7,5 M € | +1.6% | 7,3 M € | +24.4% | 5,9 M € | +26.8% | 4,7 M € | +5.4% | 4,4 M € | +20.2% | 3,7 M € | -8.8% | 4 M € | +20.2% | 3,3 M € | -1.1% | 3,4 M € | -7.3% | 3,7 M € | +47.5% | 2,5 M € | -64.4% | 7 M € | +27.5% | 5,5 M € | +69.9% | 3,2 M € | +25.3% | 2,6 M € | +99.3% | 1,3 M € | -69.0% | 4,1 M € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 33,1 ETP | +0.9% | 32,8 ETP | +0.9% | 32,5 ETP | -7.4% | 35,1 ETP | -3.0% | 36,2 ETP | -0.8% | 36,5 ETP | +1.4% | 36,0 ETP | -7.9% | 39,1 ETP | +4.8% | 37,3 ETP | -1.8% | 38,0 ETP | -10.0% | 42,2 ETP | +6.8% | 39,5 ETP | -7.3% | 42,6 ETP | +2.2% | 41,7 ETP | +6.1% | 39,3 ETP | -12.7% | 45,0 ETP | -6.8% | 48,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/06/2025 · 2 active · 12 ended
Active mandates
Dirk Verwilst
ActivePaul Van Vooren
ActiveEnded mandates
Dirk Verwilst
EndedPaul Van Vooren
EndedDirk Verwilst
EndedPaul Van Vooren
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
ASLAN PARTNERS● Active | 0898.178.032 |
WELDERS FILTRATION TECHNOLOGY● Active | 0441.591.807 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/07/2020 | 01/01/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 30/06/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 18 months |
| Filing date | 09/12/2025 | 04/02/2025 | 29/02/2024 | 18/12/2023 | 05/01/2022 | 16/12/2020 |
| General meeting | 05/12/2025 | 27/12/2024 | 29/02/2024 | 02/12/2022 | 03/12/2021 | 04/12/2020 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/06/2025 | 05/12/2025 | 09/12/2025 | Dutch | |
| Abridged model | 30/06/2024 | 27/12/2024 | 04/02/2025 | Dutch | |
| Abridged model | 30/06/2023 | 29/02/2024 | 29/02/2024 | Dutch | |
| Abridged modelCorrection | 30/06/2022 | 02/12/2022 | 18/12/2023 | Dutch | |
| Abridged model | 30/06/2022 | 02/12/2022 | 23/12/2022 | Dutch | |
| Abridged model | 30/06/2021 | 03/12/2021 | 05/01/2022 | Dutch | |
| Abridged model | 30/06/2020 | 04/12/2020 | 16/12/2020 | Dutch | |
| Abridged model | 31/12/2018 | 30/08/2019 | 30/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 31/07/2018 | 31/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 30/06/2017 | 29/08/2017 | Dutch | |
| Full model | 31/12/2015 | 27/05/2016 | 22/08/2016 | Dutch | |
| Full model | 31/12/2014 | 29/05/2015 | 29/07/2015 | Dutch | |
| Full model | 31/12/2013 | 30/05/2014 | 31/07/2014 | Dutch | |
| Full model | 31/12/2012 | 31/05/2013 | 31/05/2013 | Dutch | |
| Full model | 31/12/2011 | 29/06/2012 | 30/07/2012 | Dutch | |
| Full model | 31/12/2010 | 27/05/2011 | 29/06/2011 | Dutch | |
| Full model | 31/12/2009 | 28/05/2010 | 24/07/2010 | Dutch | |
| Full model | 31/12/2008 | 29/05/2009 | 30/06/2009 | Dutch | |
| Full modelCorrection | 31/12/2007 | 21/03/2010 | 17/05/2010 | Dutch | |
| Full model | 31/12/2007 | 21/03/2008 | 29/05/2008 | Dutch | |
| Full model | 31/12/2006 | 16/03/2007 | 25/04/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/06/2025 · 2 active · 12 ended
Active mandates
Dirk Verwilst
ActivePaul Van Vooren
ActiveEnded mandates
Dirk Verwilst
EndedPaul Van Vooren
EndedDirk Verwilst
EndedPaul Van Vooren
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates20/03/2026ONTSLAGEN - BENOEMINGEN
- Mandates18/08/2025ONTSLAGEN - BENOEMINGEN
- Mandates09/03/2022ONTSLAGEN - BENOEMINGEN
- Mandates04/03/2020ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates06/11/2018ONTSLAGEN - BENOEMINGEN
- Mandates04/02/2016ONTSLAGEN - BENOEMINGEN
- Mandates31/07/2014ONTSLAGEN - BENOEMINGEN
- Mandates22/08/2012ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025173,1 k €↑
- 2024Annual accounts 202457,7 k €↓
- 2023Annual accounts 2023323,2 k €↓
- 2022Annual accounts 2022657,5 k €↑
- 2021Annual accounts 2021424,7 k €↑
- 2020Annual accounts 2020303,5 k €↑
- 2018Annual accounts 2018-1 M €↓
- 2017Annual accounts 201759,3 k €↑
- 2016Annual accounts 2016-283,3 k €↓
- 2015Annual accounts 2015311,5 k €↑
- 2014Annual accounts 2014-242,1 k €↓
- 2013Annual accounts 201350,9 k €↑
- 2012Annual accounts 2012-59,9 k €↓
- 2011Annual accounts 201158 k €↑
- 2010Annual accounts 2010-474,1 k €↓
- 2009Annual accounts 2009194 k €↑
- 2008Annual accounts 2008127,1 k €
- 04/05/1948IncorporationPublic limited company