ACTIVE

W GROUP I

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Financial year 2025 · closed on 31/12/2025

Net result

-127,2 k €

+95.5% YoY

Revenue

7,2 M €

-31.6% YoY

Equity

798 k €

+129.8% YoY

Workforce

14,8 ETP

-50.0% YoY

What does W GROUP I do?

W GROUP I is a Public limited company incorporated in 1977. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Diepenbeek. It employs on average 14,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.887.588

Incorporation

25/02/1977

Legal form

Public limited company

Registered office

Grendelbaan 109
3590 Diepenbeek · FlandreSee on map

Contributed capital

3 850 000,00 €

Latest accounts

31/12/2025

Average workforce

14,8 ETP

Activities (NACE)

46732Wholesale of wood, construction materials and sanitary equipment· main 46832Wholesale trade, except of motor vehicles and motorcycles 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 51531Air transport 46832Wholesale trade, except of motor vehicles and motorcycles+2

Joint committees (5)

100
12503
200
201
218

Signals

Solid equityGood liquidityPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	7,2 M €	-31.6%	10,6 M €	+3.6%	10,2 M €	-12.9%	11,7 M €	-10.5%	13,1 M €	+18.8%	11 M €		–		–		–		–		–		–		–		–		–		–		4,3 M €	+3.3%	4,2 M €	-1.0%	4,2 M €	+4.3%	4,1 M €
EBITDA	64,9 k €	+103%	-2,1 M €	-56.4%	-1,3 M €	-916%	165,3 k €	-87.0%	1,3 M €	+146%	515,1 k €	+1038%	45,3 k €	+115%	-298 k €	-426%	-56,7 k €	-178%	72,7 k €	-24.6%	96,4 k €	-30.8%	139,2 k €	+140%	58 k €	-13.5%	67,1 k €	-58.4%	161,1 k €	+74.9%	92,2 k €	-52.5%	193,8 k €	-6.7%	207,8 k €	+35.7%	153,2 k €	+33.4%	114,9 k €
Operating result	-54,5 k €	+97.8%	-2,5 M €	-51.4%	-1,6 M €	-2525%	-62,9 k €	-106%	1,1 M €	+184%	374,8 k €	+1228%	-33,2 k €	+90.7%	-356,1 k €	-172%	-131 k €	-666%	23,1 k €	-57.6%	54,5 k €	+19.9%	45,5 k €	+230%	13,8 k €	-16.0%	16,4 k €	-84.9%	108,4 k €	+273%	29,1 k €	-75.9%	120,5 k €	-6.4%	128,8 k €	+49.6%	86,1 k €	+201%	28,6 k €
Net result	-127,2 k €	+95.5%	-2,8 M €	-63.3%	-1,7 M €	-1518%	-107,6 k €	-114%	768,1 k €	+134%	328,8 k €	+650%	-59,8 k €	+83.2%	-356,7 k €	-199%	-119,3 k €	-494%	30,3 k €	-41.9%	52,1 k €	-9.9%	57,8 k €	+122%	26 k €	-17.5%	31,5 k €	-63.1%	85,5 k €	+105%	41,7 k €	-54.1%	90,9 k €	+20.0%	75,8 k €	+27.2%	59,6 k €	+276%	15,8 k €
Balance sheet
Equity	798 k €	+130%	-2,7 M €	-1725%	164,7 k €	-91.4%	1,9 M €	-5.3%	2 M €	+61.7%	1,2 M €	+35.9%	915,8 k €	-6.1%	975,5 k €	-26.8%	1,3 M €	-8.2%	1,5 M €	+2.1%	1,4 M €	+3.8%	1,4 M €	+4.4%	1,3 M €	+2.0%	1,3 M €	+2.5%	1,3 M €	+7.3%	1,2 M €	+3.7%	1,1 M €	+7.7%	1 M €	+7.8%	970 k €	+6.5%	910,4 k €
Total assets	2,6 M €	-57.6%	6,2 M €	-25.6%	8,4 M €	+19.2%	7 M €	+4.3%	6,7 M €	+15.2%	5,8 M €	+18.3%	4,9 M €	+127%	2,2 M €	+0.4%	2,2 M €	-5.8%	2,3 M €	-2.2%	2,3 M €	+6.9%	2,2 M €	+6.2%	2,1 M €	-4.6%	2,2 M €	+1.6%	2,1 M €	-2.0%	2,2 M €	+0.4%	2,2 M €	-4.4%	2,3 M €	+4.1%	2,2 M €	-2.3%	2,2 M €
Cash	27,2 k €	-34.5%	41,5 k €	-13.7%	48,1 k €	+4.3%	46,1 k €	+44.5%	31,9 k €	-36.2%	50,1 k €	+159%	19,3 k €	-14.2%	22,6 k €	+118%	10,3 k €	-64.4%	29 k €	+115%	13,5 k €	+0.2%	13,5 k €	-82.3%	76,1 k €	+166%	28,6 k €	-22.0%	36,7 k €	+20.5%	30,5 k €	+2.1%	29,8 k €	+80.2%	16,6 k €	+125%	7,4 k €	-79.4%	35,8 k €
Debts	1,8 M €	-79.1%	8,5 M €	+4.9%	8,1 M €	+60.1%	5,1 M €	+8.4%	4,7 M €	+2.6%	4,6 M €	+14.1%	4 M €	+236%	1,2 M €	+45.2%	816,9 k €	+0.2%	814,9 k €	-11.8%	924,3 k €	+12.8%	819,7 k €	+9.5%	748,7 k €	-13.7%	867,3 k €	-0.4%	870,6 k €	-13.0%	1 M €	-3.2%	1 M €	-14.8%	1,2 M €	+1.1%	1,2 M €	-8.4%	1,3 M €
Other
Workforce	14,8 ETP	-50.0%	29,6 ETP	-13.5%	34,2 ETP	-3.4%	35,4 ETP	+10.6%	32,0 ETP	-3.0%	33,0 ETP	+88.6%	17,5 ETP	+19.9%	14,6 ETP	-0.7%	14,7 ETP	+7.3%	13,7 ETP	+13.2%	12,1 ETP	-8.3%	13,2 ETP	-10.8%	14,8 ETP	-13.5%	17,1 ETP	+2.4%	16,7 ETP	+0.6%	16,6 ETP	-0.6%	16,7 ETP	-4.0%	17,4 ETP	-4.9%	18,3 ETP	-1.1%	18,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 25 ended

Active mandates

Groep Tom Heeren

Director · since 08 mars 2021 · 0737.740.131

Represented by Tom Heeren

Active

Ended mandates

Groep Tom Heeren

Director · since 09 mars 2021 · until 04 juin 2027 · 0737.740.131

Represented by TOM HEEREN

Ended

Groep Tom Heeren

Director · since 08 mars 2021 · until 04 juin 2027 · 0737.740.131

Represented by TOM HEEREN

Ended

Greet Vandersmissen

Director · since 14 novembre 2019 · until 08 mars 2021

Ended

Greet Vandersmissen

Director · since 14 novembre 2019 · until 06 juin 2025

Ended

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	10/07/2026	08/07/2025	04/07/2024	12/07/2023	08/08/2022	30/07/2021
General meeting	24/06/2026	25/06/2025	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

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	25/06/2025	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	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	17/08/2020	21/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	22/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	12/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	24/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 25 ended

Active mandates

Groep Tom Heeren

Director · since 08 mars 2021 · 0737.740.131

Represented by Tom Heeren

Active

Ended mandates

Groep Tom Heeren

Director · since 09 mars 2021 · until 04 juin 2027 · 0737.740.131

Represented by TOM HEEREN

Ended

Groep Tom Heeren

Director · since 08 mars 2021 · until 04 juin 2027 · 0737.740.131

Represented by TOM HEEREN

Ended

Greet Vandersmissen

Director · since 14 novembre 2019 · until 08 mars 2021

Ended

Greet Vandersmissen

Director · since 14 novembre 2019 · until 06 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares18/09/2025
KAPITAAL - AANDELEN
PDF
Mandates21/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates11/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2016
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-127,2 k €↑
2024
Annual accounts 2024-2,8 M €↓
2023
Annual accounts 2023-1,7 M €↓
2022
Annual accounts 2022-107,6 k €↓
2021
Annual accounts 2021768,1 k €↑
2020
Annual accounts 2020328,8 k €↑
2020
Name changeW Group I
2019
Annual accounts 2019-59,8 k €↑
2018
Annual accounts 2018-356,7 k €↓
2017
Annual accounts 2017-119,3 k €↓
2016
Annual accounts 201630,3 k €↓
2015
Annual accounts 201552,1 k €↓
2014
Annual accounts 201457,8 k €↑
2013
Annual accounts 201326 k €↓
2012
Annual accounts 201231,5 k €↓
2011
Annual accounts 201185,5 k €↑
2010
Annual accounts 201041,7 k €↓
2009
Annual accounts 200990,9 k €↑
2008
Annual accounts 200875,8 k €↑
2007
Annual accounts 200759,6 k €↑
2006
Annual accounts 200615,8 k €
2006
Name changeHOUTHANDEL MODEST
25/02/1977
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

W GROUP I

Overview

What does W GROUP I do?

Trend over 20 financial years

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