ACTIVE

LOUIS DE WAELE CONSTRUCTION

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Financial year 2025 · Closed on 31/12/2025

Net result937,8 k €-45,6 %over 1 year
Revenue128,5 M €-8,1 %over 1 year
Equity10,4 M €+0,5 %over 1 year
Workforce217,0 ETP-0,3 %over 1 year

Identity

Source · BCE/KBO

LOUIS DE WAELE CONSTRUCTION is a Public limited company incorporated in 1968. Its main activity is: Construction of buildings. Its registered office is in Watermael-Boitsfort. It employs on average 217,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.829.588
Incorporation
01/01/1968
Legal form
Public limited company
Registered office
Chaussée de La Hulpe 185
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
7 232 695,15 €
Latest accounts
31/12/2025
Average workforce
217,0 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 14 financial years

20252024202320222021
Income statement
Revenue128,5 M €139,9 M €126,3 M €109,7 M €80 M €
EBITDA1,8 M €1,7 M €5,1 M €4,5 M €3,4 M €
Operating result1,5 M €2,4 M €2,9 M €3,8 M €3,4 M €
Net result937,8 k €1,7 M €2,1 M €2,8 M €2,5 M €
Balance sheet
Equity10,4 M €10,3 M €10,3 M €10,3 M €10,3 M €
Total assets51,8 M €49,1 M €48,4 M €44,9 M €41,3 M €
Cash10,5 M €9 M €11,3 M €6,2 M €10,5 M €
Debts40,7 M €37,6 M €35,2 M €33,1 M €29,6 M €
Other
Workforce217,0 ETP217,7 ETP215,6 ETP209,8 ETP213,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 48 ended

Active mandates

Eric DUTILLEUL

Director · since 13 mai 2025 · until 13 mai 2031

Active
Martin BILLIET

Director · since 13 mai 2025 · until 13 mai 2031

Active
Pierre CRAYE

Director · since 13 mai 2025 · until 13 mai 2031

Active
RABOT DUTILLEUL

Director · since 13 mai 2025 · until 13 mai 2031

Represented by François DUTILLEUL

Active
RABOT DUTILLEUL CONSTRUCTION

Chairman of the board of directors · since 13 mai 2025 · until 13 mai 2031

Represented by Frédéric STERNHEIM

Active
STEDICO

Managing director · since 13 mai 2025 · until 13 mai 2031 · 0534.547.796

Represented by S. (Acting for STEDICO) DIELEMAN

Active

Ended mandates

Martin BILLIET

Director · since 10 mai 2022 · until 13 mai 2025

Ended
STEDICO

Managing director · since 10 mai 2022 · until 13 mai 2025 · 0534.547.796

Represented by S. (Acting for STEDICO) DIELEMAN

Ended
Eric DUTILLEUL

Director · since 24 février 2021 · until 13 mai 2025

Ended
Eric DUTILLEUL

Director · since 24 février 2021 · until 20 mai 2025

Ended

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Full financial information

Source · NBB
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 date22/05/202605/06/202529/05/202424/05/202325/05/202221/05/2021
General meeting12/05/202613/05/202514/05/202409/05/202310/05/202218/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/05/202622/05/2026FrenchPDF
Full model31/12/202413/05/202505/06/2025FrenchPDF
Full model31/12/202314/05/202429/05/2024FrenchPDF
Full model31/12/202209/05/202324/05/2023FrenchPDF
Full model31/12/202110/05/202225/05/2022FrenchPDF
Full model31/12/202018/05/202121/05/2021FrenchPDF
Full model31/12/201917/07/202020/07/2020FrenchPDF
Full model31/12/201821/05/201903/06/2019FrenchPDF
Full model31/12/201715/05/201813/07/2018FrenchPDF
Full model31/12/201616/05/201711/07/2017FrenchPDF
Full model31/12/201517/05/201625/07/2016FrenchPDF
Full model31/12/201419/05/201525/06/2015FrenchPDF
Full model31/12/201320/05/201410/06/2014FrenchPDF
Full model31/12/201221/05/201302/07/2013FrenchPDF
Full model31/12/201115/05/201212/06/2012FrenchPDF
Full model31/12/201017/05/201118/08/2011FrenchPDF
Full model31/12/200918/05/201016/06/2010FrenchPDF
Full model31/12/200819/05/200908/06/2009FrenchPDF
Full model31/12/200720/05/200817/06/2008FrenchPDF
Full model31/12/200615/05/200710/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

6 active · 48 ended

Active mandates

Eric DUTILLEUL

Director · since 13 mai 2025 · until 13 mai 2031

Active
Martin BILLIET

Director · since 13 mai 2025 · until 13 mai 2031

Active
Pierre CRAYE

Director · since 13 mai 2025 · until 13 mai 2031

Active
RABOT DUTILLEUL

Director · since 13 mai 2025 · until 13 mai 2031

Represented by François DUTILLEUL

Active
RABOT DUTILLEUL CONSTRUCTION

Chairman of the board of directors · since 13 mai 2025 · until 13 mai 2031

Represented by Frédéric STERNHEIM

Active
STEDICO

Managing director · since 13 mai 2025 · until 13 mai 2031 · 0534.547.796

Represented by S. (Acting for STEDICO) DIELEMAN

Active

Ended mandates

Martin BILLIET

Director · since 10 mai 2022 · until 13 mai 2025

Ended
STEDICO

Managing director · since 10 mai 2022 · until 13 mai 2025 · 0534.547.796

Represented by S. (Acting for STEDICO) DIELEMAN

Ended
Eric DUTILLEUL

Director · since 24 février 2021 · until 13 mai 2025

Ended
Eric DUTILLEUL

Director · since 24 février 2021 · until 20 mai 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/06/2023
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/06/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION
    PDF
  • Mandates09/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/08/2021
    DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates21/04/2021
    DEMISSIONS, NOMINATIONS
    PDF

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 2025937,8 k €↓
  2. 13/05/2025
    reconductionEY Réviseurs d'Entreprises — commissaire
  3. 13/05/2025
    nominationThomas Meurice — représentant permanent
  4. 13/05/2025
    reconductionRABOT DUTILLEUL SAS — Administrateur et Président du Conseil d'Administration
  5. 13/05/2025
    reconductionSTEDICO SRL — Administrateur-délégué
  6. 13/05/2025
    reconductionMartin Billiet — Administrateur
  7. 13/05/2025
    reconductionRABOT DUTILLEUL CONSTRUCTION SAS — Administrateur
  8. 13/05/2025
    reconductionPierre Craye — Administrateur
  9. 13/05/2025
    reconductionEric Dutilleul — Administrateur
  10. 29/04/2025
    nominationStéphane DIELEMAN — Administrateur délégué
  11. 2024
    Annual accounts 20241,7 M €↓
  12. 2023
    Annual accounts 20232,1 M €↓
  13. 2022
    Annual accounts 20222,8 M €↑
  14. 12/07/2022
    unknownMartin BILLIET — Directeur Administratif et Financier et Administrateur
  15. 10/05/2022
    nominationThomas MEURICE — représentant permanent du commissaire
  16. 10/05/2022
    reconductionSTEDICO SRL — administrateur
  17. 10/05/2022
    reconductionMartin BILLIET — administrateur
  18. 10/05/2022
    reconductionEY Réviseurs d'Entreprises — Commissaire
  19. 2022
    Name changeLOUIS DE WAELE CONSTRUCTION SA
  20. 2021
    Annual accounts 20212,5 M €↑
  21. 2021
    Name changeLes Entreprises Louis De Waele
  22. 2020
    Annual accounts 202039,9 k €↓
  23. 2019
    Annual accounts 2019317 k €↑
  24. 2018
    Annual accounts 2018133,1 k €↑
  25. 2017
    Annual accounts 2017-3,1 M €↓
  26. 2016
    Annual accounts 2016-131,7 k €↓
  27. 2015
    Annual accounts 20151,5 M €↑
  28. 2014
    Annual accounts 20141,4 M €↑
  29. 2013
    Annual accounts 2013457,2 k €↓
  30. 2012
    Annual accounts 2012729,2 k €
  31. 01/01/1968
    IncorporationPublic limited company