ACTIVE

DE WAELE

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Financial year 2025 · closed on 31/12/2025

Net result

42,3 k €

-37.6% YoY

Gross margin

387,1 k €

-22.5% YoY

Equity

1,1 M €

+4.0% YoY

Workforce

6,1 ETP

-9.0% YoY

What does DE WAELE do?

DE WAELE is a Private limited company incorporated in 1977. Its registered office is in Sint-Niklaas. It employs on average 6,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.343.488

Incorporation

25/06/1977

Legal form

Private limited company

Registered office

Driekoningenstraat 2
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

6,1 ETP

Joint committees (4)

100
10000
201
20100

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Gross margin	387,1 k €	-22.5%	499,3 k €	-9.2%	550,1 k €	+10.6%	497,5 k €	+227%	152 k €	+45.7%	104,3 k €	-51.0%	212,9 k €	-31.0%	308,4 k €	+110%	146,6 k €	-51.9%	304,9 k €	+7.1%	284,7 k €	+22.3%	232,7 k €	+53.1%	152 k €	+2.6%	148,1 k €	+61.6%	91,6 k €	-26.9%	125,3 k €	-6.4%	133,9 k €	+4.8%	127,7 k €	-20.2%	160,1 k €	+29.1%	124 k €
EBITDA	109 k €	-41.3%	185,6 k €	-34.9%	285,3 k €	-6.0%	303,5 k €	+430%	57,3 k €	+242%	16,7 k €	-75.4%	68,1 k €	-58.9%	165,7 k €	+3131%	-5,5 k €	-103%	176,4 k €	+22.3%	144,2 k €	-15.3%	170,3 k €	+70.0%	100,2 k €	-12.8%	114,9 k €	+93.4%	59,4 k €	-35.7%	92,4 k €	-9.3%	101,8 k €	+19.5%	85,2 k €	-36.8%	134,7 k €	+41.2%	95,4 k €
Operating result	57,3 k €	-31.7%	83,9 k €	-49.9%	167,3 k €	-3.3%	173,1 k €	+393%	-59,1 k €	+46.1%	-109,6 k €	-81.7%	-60,3 k €	-230%	46,3 k €	+141%	-113,5 k €	-270%	66,8 k €	+133%	28,7 k €	-67.8%	89 k €	+215%	28,2 k €	-35.9%	44,1 k €	+958%	4,2 k €	-91.5%	49 k €	-17.3%	59,2 k €	+25.5%	47,2 k €	-53.3%	101,1 k €	+46.1%	69,2 k €
Net result	42,3 k €	-37.6%	67,8 k €	-54.5%	148,9 k €	-17.7%	181,1 k €	+489%	-46,6 k €	+52.2%	-97,4 k €	-76.7%	-55,1 k €	-224%	44,6 k €	+140%	-112,4 k €	-331%	48,6 k €	+53.4%	31,7 k €	-61.4%	82,2 k €	+120%	37,4 k €	-29.8%	53,2 k €	+155%	20,9 k €	-60.6%	52,9 k €	-15.9%	62,9 k €	+6.4%	59,2 k €	-29.9%	84,5 k €	+56.3%	54 k €
Balance sheet
Equity	1,1 M €	+4.0%	1,1 M €	+6.8%	1 M €	+17.5%	851,4 k €	+18.2%	720,3 k €	-6.1%	766,9 k €	-11.3%	864,3 k €	-6.0%	919,5 k €	+5.1%	874,9 k €	-11.4%	987,3 k €	+5.2%	938,7 k €	+3.5%	907 k €	+10.0%	824,8 k €	+4.7%	787,4 k €	+7.2%	734,2 k €	+2.9%	713,4 k €	+8.0%	660,4 k €	+10.6%	597,3 k €	+11.0%	538,2 k €	+18.6%	453,7 k €
Total assets	1,4 M €	-0.1%	1,4 M €	+5.7%	1,3 M €	+22.8%	1,1 M €	+17.8%	928,6 k €	-5.2%	979,8 k €	-13.2%	1,1 M €	-8.1%	1,2 M €	+1.0%	1,2 M €	-11.4%	1,4 M €	+1.2%	1,4 M €	+0.0%	1,4 M €	+12.7%	1,2 M €	+49.5%	803,6 k €	-2.1%	820,9 k €	+12.9%	726,9 k €	+6.6%	681,6 k €	-0.3%	683,4 k €	+9.2%	625,9 k €	+10.9%	564,6 k €
Cash	202,9 k €	+34.1%	151,3 k €	+5.9%	142,9 k €	-19.5%	177,5 k €	+55.7%	114 k €	-62.8%	306,2 k €	-17.4%	370,7 k €	-7.4%	400,4 k €	+19.0%	336,4 k €	-21.4%	427,9 k €	+15.7%	369,9 k €	+15.6%	320,1 k €	+10.0%	291 k €	-10.0%	323,4 k €	+7.8%	300,1 k €	-41.3%	511,1 k €	+17.9%	433,6 k €	+4.3%	415,8 k €	+12.9%	368,2 k €	+18.7%	310,3 k €
Debts	306,7 k €	-0.2%	307,2 k €	+4.2%	294,8 k €	+46.5%	201,2 k €	+9.4%	184 k €	-4.1%	191,8 k €	-17.0%	231 k €	-15.6%	273,6 k €	-11.8%	310,4 k €	-12.1%	353,3 k €	-11.3%	398,2 k €	-7.3%	429,8 k €	+18.2%	363,5 k €	+6592%	5,4 k €	-92.9%	76,6 k €	+2180%	3,4 k €	-72.6%	12,3 k €	-84.3%	78 k €	-6.1%	83,1 k €	-22.2%	106,9 k €
Other
Workforce	6,1 ETP	-9.0%	6,7 ETP	+3.1%	6,5 ETP	+14.0%	5,7 ETP	+26.7%	4,5 ETP	0.0%	4,5 ETP	+12.5%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	+8.1%	3,7 ETP	+48.0%	2,5 ETP	+38.9%	1,8 ETP	+5.9%	1,7 ETP	+54.5%	1,1 ETP	0.0%	1,1 ETP	-21.4%	1,4 ETP	-6.7%	1,5 ETP	-11.8%	1,7 ETP	+70.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

SUITUP

Director · since 20 décembre 2022 · 0790.563.559

Represented by Yannick De Waele

Active

Ended mandates

JEANNINE TOCK

Associate

Ended

PETER DE WAELE

Director

Ended

PETER DE WAELE

Manager

Ended

PETER DE WAELE

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
D2 Properties● Active	1028.384.102
Junior Chamber International Waasland● Active	0832.367.193
Knuscabin● Active	0768.476.263

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	01/01/2025	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	27/04/2026	27/06/2025	26/07/2024	20/06/2023	11/07/2022	22/07/2021
General meeting	07/04/2026	02/06/2025	24/06/2024	08/05/2023	13/06/2022	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
Abridged model	31/12/2025	07/04/2026	27/04/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	20/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	06/06/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	08/05/2017	02/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	10/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	02/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/04/2009	25/05/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	16/04/2007	14/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

SUITUP

Director · since 20 décembre 2022 · 0790.563.559

Represented by Yannick De Waele

Active

Ended mandates

JEANNINE TOCK

Associate

Ended

PETER DE WAELE

Director

Ended

PETER DE WAELE

Manager

Ended

PETER DE WAELE

Associate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2023
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/02/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202542,3 k €↓
2024
Annual accounts 202467,8 k €↓
2023
Annual accounts 2023148,9 k €↓
2022
Annual accounts 2022181,1 k €↑
2021
Annual accounts 2021-46,6 k €↑
2020
Annual accounts 2020-97,4 k €↓
2019
Annual accounts 2019-55,1 k €↓
2018
Annual accounts 201844,6 k €↑
2017
Annual accounts 2017-112,4 k €↓
2016
Annual accounts 201648,6 k €↑
2015
Annual accounts 201531,7 k €↓
2014
Annual accounts 201482,2 k €↑
2013
Annual accounts 201337,4 k €↓
2012
Annual accounts 201253,2 k €↑
2011
Annual accounts 201120,9 k €↓
2010
Annual accounts 201052,9 k €↓
2009
Annual accounts 200962,9 k €↑
2008
Annual accounts 200859,2 k €↓
2007
Annual accounts 200784,5 k €↑
2006
Annual accounts 200654 k €
25/06/1977
IncorporationPrivate 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

DE WAELE

Overview

What does DE WAELE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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