BEWEL
0407.229.358 · rovalta.com · 23/09/2026
ACTIVE
BEWEL
Financial year 2025 · closed on 31/12/2025
Net result
2,9 M €
+240.9% YoY
Revenue
28,6 M €
+14.6% YoY
Equity
37,4 M €
+8.2% YoY
Workforce
2 015,6 ETP
+2.2% YoY
Overview
What does BEWEL do?
BEWEL is a Non-profit organization incorporated in 1964. Its registered office is in Diepenbeek. It employs on average 2 015,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0407.229.358
Incorporation
01/01/1964
Legal form
Non-profit organization
Registered office
Ginderoverstraat 143
3590 Diepenbeek · FlandreSee on map
3590 Diepenbeek · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
2 015,6 ETP
Joint committees (1)
- 32701
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Revenue | 28,6 M € | +14.6% | 25 M € | +7.8% | 23,2 M € | +8.3% | 21,4 M € | +3.3% | 20,7 M € | +19.4% | 17,4 M € | -14.4% | 20,3 M € | +3.5% | 19,6 M € | +11.7% | 17,6 M € | +5.4% | 16,7 M € | -10.0% | 18,5 M € | -6.1% | 19,7 M € | -2.6% | 20,3 M € | +9.7% | 18,5 M € | +20.4% | 15,3 M € | -17.3% | 18,6 M € | -2.2% | 19 M € |
| EBITDA | 5,7 M € | +56.6% | 3,6 M € | -26.5% | 4,9 M € | +444% | -1,4 M € | -158% | 2,5 M € | -18.6% | 3 M € | +24.5% | 2,4 M € | -14.8% | 2,8 M € | -8.4% | 3,1 M € | +13.7% | 2,7 M € | -2.3% | 2,8 M € | -0.2% | 2,8 M € | +7.8% | 2,6 M € | +55.1% | 1,7 M € | +12.9% | 1,5 M € | +3.6% | 1,4 M € | -15.4% | 1,7 M € |
| Operating result | 2,6 M € | +346% | 580,2 k € | -73.1% | 2,2 M € | +159% | -3,6 M € | -808% | 515,2 k € | -58.9% | 1,3 M € | +45.2% | 864,3 k € | -28.1% | 1,2 M € | -11.7% | 1,4 M € | +49.4% | 911,6 k € | -14.2% | 1,1 M € | +203% | 350,4 k € | +48.4% | 236,2 k € | -25.3% | 316,2 k € | +152% | 125,6 k € | -47.8% | 240,6 k € | -17.4% | 291,2 k € |
| Net result | 2,9 M € | +241% | 844,1 k € | -69.0% | 2,7 M € | +166% | -4,1 M € | -499% | 1 M € | -39.7% | 1,7 M € | -5.0% | 1,8 M € | +116% | 839,3 k € | -47.0% | 1,6 M € | -2.1% | 1,6 M € | -16.2% | 1,9 M € | +45.5% | 1,3 M € | +119% | 606,6 k € | -36.1% | 948,8 k € | -1.9% | 967,2 k € | +39.8% | 691,9 k € | -23.1% | 899,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 37,4 M € | +8.2% | 34,5 M € | +2.3% | 33,7 M € | +8.4% | 31,1 M € | -12.0% | 35,4 M € | +2.7% | 34,5 M € | +4.7% | 32,9 M € | +5.2% | 31,3 M € | +7.9% | 29 M € | +4.8% | 27,7 M € | +5.1% | 26,3 M € | +6.7% | 24,7 M € | +4.8% | 23,6 M € | -18.4% | 28,9 M € | +2.5% | 28,2 M € | +3.7% | 27,2 M € | +2.2% | 26,6 M € |
| Total assets | 63,9 M € | +3.8% | 61,5 M € | +1.9% | 60,4 M € | +1.7% | 59,4 M € | +3.8% | 57,2 M € | +1.3% | 56,5 M € | +10.7% | 51 M € | +3.1% | 49,5 M € | +8.3% | 45,7 M € | +3.3% | 44,3 M € | +4.6% | 42,3 M € | +3.7% | 40,8 M € | +1.0% | 40,4 M € | -7.6% | 43,7 M € | +2.3% | 42,7 M € | +9.5% | 39 M € | +7.5% | 36,3 M € |
| Cash | 8,3 M € | +100% | 4,2 M € | +33.6% | 3,1 M € | +25.2% | 2,5 M € | -44.8% | 4,5 M € | -34.3% | 6,8 M € | -12.8% | 7,8 M € | +31.8% | 5,9 M € | +7.2% | 5,5 M € | -21.5% | 7,1 M € | +4.2% | 6,8 M € | +27.5% | 5,3 M € | +9.6% | 4,9 M € | -15.2% | 5,7 M € | +21.0% | 4,7 M € | +2.1% | 4,6 M € | -15.6% | 5,5 M € |
| Debts | 19,3 M € | -3.0% | 19,9 M € | +2.8% | 19,4 M € | -6.8% | 20,8 M € | +45.0% | 14,3 M € | -0.0% | 14,4 M € | +52.1% | 9,4 M € | +4.4% | 9 M € | +15.0% | 7,9 M € | -2.9% | 8,1 M € | +12.7% | 7,2 M € | -2.9% | 7,4 M € | -8.7% | 8,1 M € | +18.9% | 6,8 M € | -19.6% | 8,5 M € | +17.2% | 7,2 M € | +17.0% | 6,2 M € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 2 015,6 ETP | +2.2% | 1 971,5 ETP | -0.8% | 1 987,4 ETP | -2.2% | 2 032,2 ETP | +3.0% | 1 972,3 ETP | +0.7% | 1 959,1 ETP | +2.3% | 1 915,6 ETP | +3.9% | 1 843,2 ETP | +8.2% | 1 703,7 ETP | +3.2% | 1 650,8 ETP | -0.3% | 1 656,5 ETP | -2.4% | 1 697,5 ETP | -0.2% | 1 701,0 ETP | +5.6% | 1 611,5 ETP | +0.7% | 1 599,9 ETP | -4.6% | 1 676,9 ETP | +0.8% | 1 663,1 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 50 M€ and 100 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 9 active · 120 ended
Active mandates
Gert Cielen
ActiveActive
Active
Active
Active
Joris Philips
ActiveDaan Van Noppen
ActiveJohan Bongaerts
ActiveEnded mandates
Financials
Annual accounts
Full financial information
| 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 | 09/07/2026 | 01/07/2025 | 12/07/2024 | 18/07/2023 | 24/06/2022 | 30/06/2021 |
| General meeting | 23/06/2026 | 24/06/2025 | 18/06/2024 | 27/06/2023 | 21/06/2022 | 22/06/2021 |
| 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 |
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 |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 23/06/2026 | 09/07/2026 | Dutch | |
| Full model | 31/12/2024 | 24/06/2025 | 01/07/2025 | Dutch | |
| Full model | 31/12/2023 | 18/06/2024 | 12/07/2024 | Dutch | |
| Full model | 31/12/2022 | 27/06/2023 | 18/07/2023 | Dutch | |
| Full model | 31/12/2021 | 21/06/2022 | 24/06/2022 | Dutch | |
| Full model | 31/12/2020 | 22/06/2021 | 30/06/2021 | Dutch | |
| Full model | 31/12/2019 | 16/06/2020 | 09/07/2020 | Dutch | |
| Full modelCorrection | 31/12/2018 | 18/06/2019 | 21/11/2019 | Dutch | |
| Full model | 31/12/2018 | 18/06/2019 | 26/06/2019 | Dutch | |
| Full model | 31/12/2017 | 19/06/2018 | 04/07/2018 | Dutch | |
| Full model | 31/12/2016 | 20/06/2017 | 19/07/2017 | Dutch | |
| Full model | 31/12/2015 | 28/06/2016 | 28/07/2016 | Dutch | |
| Full model | 31/12/2014 | 30/06/2015 | 07/07/2015 | Dutch | |
| Full model | 31/12/2013 | 24/06/2014 | 26/06/2014 | Dutch | |
| Full model | 31/12/2012 | 24/06/2013 | 01/07/2013 | Dutch | |
| Full model | 31/12/2011 | 25/06/2012 | 10/07/2012 | Dutch | |
| Full model | 31/12/2010 | 21/06/2011 | 04/07/2011 | Dutch | |
| Full model | 31/12/2009 | 22/06/2010 | 28/06/2010 | Dutch | |
| Full model | 31/12/2008 | 01/06/2009 | 03/07/2009 | Dutch | |
| Full model | 31/12/2007 | 26/06/2008 | 15/07/2008 | Dutch | |
| Full model | 31/12/2006 | 26/06/2007 | 30/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 50 M€ and 100 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 31/12/2025 · 9 active · 120 ended
Active mandates
Gert Cielen
ActiveActive
Active
Active
Active
Joris Philips
ActiveDaan Van Noppen
ActiveJohan Bongaerts
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates22/05/2026ONTSLAGEN - BENOEMINGEN
- Mandates10/06/2025ONTSLAGEN - BENOEMINGEN
- Mandates06/11/2024ONTSLAGEN - BENOEMINGEN
- Mandates21/05/2024ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates27/02/2023ONTSLAGEN - BENOEMINGEN
- Mandates18/02/2022ONTSLAGEN - BENOEMINGEN
- Mandates16/09/2021ONTSLAGEN - BENOEMINGEN
- Mandates01/04/2021ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20252,9 M €↑
- 16/12/2025nominationGert Cielen — bestuurder
- 01/01/2025nominationMoniquet Investment Company BV — bestuurder en voorzitter
- 01/01/2025nominationF&Y bv — bestuurder en ondervoorzitter
- 01/01/2025nominationVDH Consultancy BV — bestuurder
- 01/01/2025nominationJB BV — bestuurder
- 01/01/2025nominationGRAM BV — bestuurder
- 2024Annual accounts 2024844,1 k €↓
- 17/12/2024nominationRuben Lemmens — bestuurder
- 18/06/2024nominationJoris Philips — bestuurder
- 18/06/2024nominationMarc Maris — vaste vertegenwoordiger
- 23/04/2024nominationFilip Fontaine — ondervoorzitter
- 2023Annual accounts 20232,7 M €↑
- 19/12/2023nominationDaan Van Noppen — bestuurder
- 19/12/2023nominationJohan Bongaerts — bestuurder
- 19/12/2023nominationBart Lodewyckx — Raad van bestuur
- 19/12/2023nominationJoris Brams — Raad van bestuur
- 2022Annual accounts 2022-4,1 M €↓
- 20/12/2022nominationJonas De Raeve — Raad van Bestuur
- 20/12/2022nominationEdmond Brouwers — Raad van Bestuur
- 20/12/2022nominationFilip Fontaine — Raad van Bestuur
- 2021Annual accounts 20211 M €↓
- 22/06/2021reconductionMoore Audit BV — commissaris
- 2020Annual accounts 20201,7 M €↓
- 2020Name changeBewel
- 2019Annual accounts 20191,8 M €↑
- 2018Annual accounts 2018839,3 k €↓
- 2016Annual accounts 20161,6 M €↓
- 2015Annual accounts 20151,6 M €↓
- 2014Annual accounts 20141,9 M €↑
- 2013Annual accounts 20131,3 M €↑
- 2012Annual accounts 2012606,6 k €↓
- 2010Annual accounts 2010948,8 k €↓
- 2009Annual accounts 2009967,2 k €↑
- 2008Annual accounts 2008691,9 k €↓
- 2007Annual accounts 2007899,5 k €
- 2007Name changeBeschermde Werkplaatsen voor Limburg
- 01/01/1964IncorporationNon-profit organization