ACTIVE

WHY NOT

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-80 k €

+35.9% YoY

Gross margin

-32,3 k €

+24.2% YoY

Equity

-321,7 k €

-33.1% YoY

What does WHY NOT do?

WHY NOT is a Private limited company incorporated in 1977. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.866.793

Incorporation

20/12/1977

Legal form

Private limited company

Registered office

Het Dorlik 16
3500 Hasselt · FlandreSee on map

Contributed capital

38 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

Good liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	-32,3 k €	+24.2%	-42,6 k €	-17.6%	-36,2 k €	-12.1%	-32,3 k €	-169%	47,2 k €	+62.6%	29 k €	+235%	-21,4 k €	+83.4%	-129,1 k €	-2793%	-4,5 k €	+73.0%	-16,5 k €	-126%	63,5 k €	+5359%	-1,2 k €	-111%	10,8 k €	+148%	-22,7 k €	-409%	7,3 k €	+124%	-30,6 k €	-250%	20,4 k €	-43.0%	35,9 k €	-31.1%	52,1 k €	-19.7%	64,9 k €
EBITDA	-73,3 k €	+13.2%	-84,5 k €	-9.6%	-77 k €	+11.8%	-87,3 k €	-607%	-12,3 k €	-151%	24 k €	+198%	-24,7 k €	+80.9%	-129,1 k €	-2793%	-4,5 k €	+73.0%	-16,5 k €	-126%	63,5 k €	+1876%	-3,6 k €	-133%	10,8 k €	+142%	-25,7 k €	-972%	2,9 k €	+109%	-33,3 k €	-238%	-9,9 k €	+17.4%	-11,9 k €	-221%	9,9 k €	-48.3%	19,1 k €
Operating result	-79,8 k €	+12.3%	-91 k €	-9.0%	-83,5 k €	+10.8%	-93,6 k €	-403%	-18,6 k €	-204%	17,9 k €	+172%	-24,7 k €	+80.9%	-129,1 k €	-2793%	-4,5 k €	+73.0%	-16,5 k €	-126%	63,5 k €	+1876%	-3,6 k €	-133%	10,8 k €	+142%	-25,7 k €	-596%	-3,7 k €	+91.5%	-43,4 k €	-98.9%	-21,8 k €	+12.3%	-24,8 k €	-307%	-6,1 k €	-398%	2,1 k €
Net result	-80 k €	+35.9%	-124,9 k €	-12.7%	-110,9 k €	-232%	-33,3 k €	-75.7%	-19 k €	-213%	16,8 k €	+165%	-25,8 k €	+80.5%	-132,1 k €	-330%	-30,7 k €	-5.9%	-29 k €	-146%	63,5 k €	+581%	-13,2 k €	-25.8%	-10,5 k €	-107%	140,9 k €	+598%	20,2 k €	+348%	-8,1 k €	-135%	-3,5 k €	+86.2%	-25 k €	-262%	-6,9 k €	-1063%	-594,1 €
Balance sheet
Equity	-321,7 k €	-33.1%	-241,6 k €	-107%	-116,7 k €	-1906%	-5,8 k €	-121%	27,5 k €	-40.8%	46,5 k €	+56.4%	29,7 k €	-46.5%	55,5 k €	-70.4%	187,6 k €	-14.1%	218,3 k €	-11.7%	247,3 k €	+34.5%	183,9 k €	-6.7%	197,1 k €	-5.1%	207,5 k €	+211%	66,6 k €	+43.5%	46,4 k €	-14.9%	54,6 k €	-6.0%	58 k €	-30.1%	83,1 k €	-7.7%	90 k €
Total assets	824,6 k €	-5.0%	868,5 k €	-6.6%	930 k €	-0.1%	931,3 k €	-2.9%	959,5 k €	-1.4%	973,4 k €	+1.9%	955,5 k €	+0.0%	955 k €	+91.6%	498,4 k €	+40.7%	354,3 k €	-65.7%	1 M €	+6.2%	973,9 k €	-1.3%	987,1 k €	+234%	295,5 k €	+115%	137,6 k €	+11.2%	123,7 k €	-22.8%	160,3 k €	-29.0%	225,9 k €	-2.6%	232 k €	-13.0%	266,7 k €
Cash	31 k €	+49.3%	20,8 k €	-53.4%	44,5 k €	+35.7%	32,8 k €	+1.1%	32,4 k €	-48.6%	63,1 k €	+72.5%	36,6 k €	+5.3%	34,8 k €	+53.1%	22,7 k €	+48196%	47 €		–		–		24,7 k €	-91.6%	295 k €	+324%	69,6 k €	+15.0%	60,5 k €	+206%	19,8 k €	+21.0%	16,4 k €	+27.3%	12,8 k €	-40.4%	21,5 k €
Debts	1,1 M €	+3.3%	1,1 M €	+6.0%	1 M €	+11.7%	937 k €	+10.9%	845,3 k €	+0.6%	840,3 k €	+0.1%	839,2 k €	+3.2%	812,9 k €	+263%	224,2 k €	+354%	49,4 k €	-92.9%	700 k €	-0.5%	703,5 k €	0.0%	703,5 k €	+49617%	1,4 k €	-98.0%	70,7 k €	-8.5%	77,3 k €	-22.1%	99,2 k €	-39.0%	162,5 k €	+13.4%	143,3 k €	-16.2%	171 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-90.9%	1,1 ETP	-8.3%	1,2 ETP	-7.7%	1,3 ETP	-13.3%	1,5 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

I & P CONSULTING

Director · since 10 décembre 2024 · 0451.513.818

Represented by Patrick KERKHOFS

Active

S.I.M.C.

Director · since 10 décembre 2024 · 0439.857.782

Represented by Patrick SYEN

Active

SOM BEHEERSMAATSCHAPPIJ

Managing director · since 10 décembre 2024 · 0464.461.338

Represented by Danny SOMERS

Active

Ended mandates

Danny SOMERS

Director · since 04 juillet 2023

Ended

Danny Somers

Manager · since 20 octobre 2012

Ended

Danny SOMERS

Director · since 20 octobre 2012

Ended

Johan De Wolf

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BEST INVESTS● Active	0643.499.582
BEST Projects● Active	0833.642.942
B & S Beheer● Active	0450.151.660
Carnegie Projects● Active	1026.620.878
CNTR St-Truiden● Active	0795.087.422
DC Vastgoedontwikkeling● Active	0727.447.243
DE SLEUTEL● Active	1002.366.821
GEVACO● Active	0431.600.411
GLAIN PROJECTS● Active	0773.462.855
GREEN GOLF DEVELOPMENT● Active	1007.261.361
GREEN GOLF REAL ESTATE● Active	1007.259.282
HERITAGE● Active	0476.603.560
HOMEBUILD● Active	0822.670.856
IMMO3● Active	0598.902.348
INITIO PROJECTS● Active	1006.199.212
KOLMEN INVEST● Active	0840.708.106
PROJECT MEDIA● Active	0821.788.255
SOM BEHEERSMAATSCHAPPIJ● Active	0464.461.338
SOM ESTATES● Active	0563.812.993
SOM FACILITIES● Active	0454.137.667

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	17/07/2026	18/07/2025	23/07/2024	24/07/2023	18/07/2022	20/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	29/06/2023	17/06/2022	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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	18/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	23/07/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	18/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	21/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	13/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 3 active · 4 ended

Active mandates

I & P CONSULTING

Director · since 10 décembre 2024 · 0451.513.818

Represented by Patrick KERKHOFS

Active

S.I.M.C.

Director · since 10 décembre 2024 · 0439.857.782

Represented by Patrick SYEN

Active

SOM BEHEERSMAATSCHAPPIJ

Managing director · since 10 décembre 2024 · 0464.461.338

Represented by Danny SOMERS

Active

Ended mandates

Danny SOMERS

Director · since 04 juillet 2023

Ended

Danny Somers

Manager · since 20 octobre 2012

Ended

Danny SOMERS

Director · since 20 octobre 2012

Ended

Johan De Wolf

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/09/2023
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/02/2010
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares13/06/2007
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 2025-80 k €↑
2024
Annual accounts 2024-124,9 k €↓
2023
Annual accounts 2023-110,9 k €↓
2022
Annual accounts 2022-33,3 k €↓
2021
Annual accounts 2021-19 k €↓
2020
Annual accounts 202016,8 k €↑
2019
Annual accounts 2019-25,8 k €↑
2018
Annual accounts 2018-132,1 k €↓
2017
Annual accounts 2017-30,7 k €↓
2016
Annual accounts 2016-29 k €↓
2015
Annual accounts 201563,5 k €↑
2014
Annual accounts 2014-13,2 k €↓
2013
Annual accounts 2013-10,5 k €↓
2012
Annual accounts 2012140,9 k €↑
2011
Annual accounts 201120,2 k €↑
2010
Annual accounts 2010-8,1 k €↓
2009
Annual accounts 2009-3,5 k €↑
2008
Annual accounts 2008-25 k €↓
2007
Annual accounts 2007-6,9 k €↓
2006
Annual accounts 2006-594,1 €
20/12/1977
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

WHY NOT

Overview

What does WHY NOT do?

Trend over 20 financial years

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