ACTIVE

WAM

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Financial year 2025 · closed on 30/09/2025

Net result

-143,7 k €

-195.4% YoY

Gross margin

-27,3 k €

-111.7% YoY

Equity

1,5 M €

-8.5% YoY

Workforce

0,7 ETP

-30.0% YoY

What does WAM do?

WAM is a Public limited company incorporated in 1979. Its registered office is in Ronse. It employs on average 0,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.726.522

Incorporation

29/08/1979

Legal form

Public limited company

Registered office

Boulevard des Anglais 90
9600 Ronse · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

0,7 ETP

Joint committees (1)

11903

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-27,3 k €	-112%	232,8 k €	-8.1%	253,5 k €	+5.5%	240,2 k €	+4.9%	229,1 k €	-12.8%	262,6 k €	-1.4%	266,4 k €	+5.9%	251,5 k €	+14.9%	218,9 k €	+5.1%	208,3 k €	+2.1%	204 k €	+6.6%	191,4 k €	-11.2%	215,6 k €	+362%	46,7 k €	-54.8%	103,3 k €	+33.4%	77,4 k €	-0.0%	77,4 k €
EBITDA	-59,7 k €	-127%	220,6 k €	-8.7%	241,7 k €	+6.0%	227,9 k €	+5.2%	216,8 k €	-12.1%	246,6 k €	-0.7%	248,2 k €	+53.4%	161,8 k €	-22.4%	208,5 k €	+3.2%	201,9 k €	+2.0%	197,9 k €	+7.2%	184,6 k €	-11.9%	209,5 k €	+413%	40,8 k €	+3.9%	39,3 k €	+90.2%	20,7 k €	+13.0%	18,3 k €
Operating result	-61,3 k €	-128%	219 k €	-9.0%	240,5 k €	+6.0%	226,8 k €	+5.2%	215,6 k €	-12.1%	245,3 k €	+2.4%	239,6 k €	+62.2%	147,7 k €	-23.8%	193,9 k €	+3.9%	186,6 k €	+3.2%	180,9 k €	+6.4%	170 k €	-7.3%	183,4 k €	+1959%	8,9 k €	-27.7%	12,3 k €	+110%	5,9 k €	+91.7%	3,1 k €
Net result	-143,7 k €	-195%	150,7 k €	-2.0%	153,8 k €	-1.0%	155,4 k €	+2.5%	151,7 k €	-3.2%	156,7 k €	+2.2%	153,3 k €	+66.6%	92 k €	-24.0%	121 k €	+23.4%	98,1 k €	-24.1%	129,2 k €	+5.8%	122,2 k €	-10.4%	136,3 k €	+804%	15,1 k €	+12.3%	13,4 k €	+26.0%	10,7 k €	-7.2%	11,5 k €
Balance sheet
Equity	1,5 M €	-8.5%	1,7 M €	+9.8%	1,5 M €	+11.1%	1,4 M €	+12.7%	1,2 M €	+14.1%	1,1 M €	+17.1%	916,1 k €	-14.9%	1,1 M €	+9.4%	984 k €	+14.0%	863 k €	+12.8%	764,9 k €	+20.3%	635,7 k €	+15.9%	548,4 k €	+33.1%	412 k €	+3.8%	397 k €	+3.5%	383,5 k €	+2.9%	372,8 k €
Total assets	5,8 M €	+184%	2 M €	+3.4%	2 M €	+14.5%	1,7 M €	+8.9%	1,6 M €	+11.8%	1,4 M €	+10.8%	1,3 M €	+13.5%	1,1 M €	+9.5%	1 M €	+14.6%	901,1 k €	+14.1%	790,1 k €	+17.4%	672,9 k €	+16.7%	576,7 k €	+33.3%	432,7 k €	+3.9%	416,4 k €	+4.8%	397,1 k €	+2.5%	387,6 k €
Cash	3,2 M €	+226%	993,1 k €	-30.9%	1,4 M €	-1.2%	1,5 M €	+10.2%	1,3 M €	+2.7%	1,3 M €	+12.0%	1,1 M €	+17.1%	979,2 k €	+11.5%	878 k €	+20.3%	729,7 k €	+21.5%	600,8 k €	+57.7%	381 k €	-17.8%	463,4 k €	+41.6%	327,1 k €	+11.4%	293,6 k €	+6177%	4,7 k €	-86.1%	33,6 k €
Debts	4,3 M €	+1077%	363,7 k €	-18.8%	447,7 k €	+27.7%	350,5 k €	-4.0%	365,1 k €	+4.7%	348,7 k €	-5.0%	367,2 k €	+567%	55 k €	+12.7%	48,8 k €	+28.0%	38,1 k €	+51.5%	25,2 k €	-32.3%	37,2 k €	+31.1%	28,4 k €	+37.1%	20,7 k €	+6.7%	19,4 k €	+42.4%	13,6 k €	-7.7%	14,8 k €
Other
Workforce	0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+150%	0,4 ETP	0.0%	0,4 ETP		–		–		–		–		–		–		–		1,8 ETP	+20.0%	1,5 ETP	0.0%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 14 ended

Active mandates

Jean-Paul De Roose

Mandate

Active

Thierry De Roose

Mandate

Active

Ended mandates

Jean-Paul De Roose

Managing director · since 27 juin 2021 · until 27 juin 2027

Ended

Thierry De Roose

Managing director · since 27 juin 2021 · until 27 juin 2027

Ended

Fernanda Claeys

Director · since 27 juin 2015 · until 27 juin 2021

Ended

Jean-Paul De Roose

Managing director · since 27 juin 2015 · until 27 juin 2021

Ended

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	21 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/03/2026	09/08/2024	31/08/2023	26/08/2022	25/08/2021	11/08/2020
General meeting	30/03/2026	28/06/2024	24/06/2023	25/06/2022	26/06/2021	27/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	30/03/2026	30/03/2026	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	09/08/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	25/08/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	11/08/2020	Dutch	PDF
Abridged model	31/12/2018	22/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	23/06/2018	18/08/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	22/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	23/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	19/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/09/2025 · 2 active · 14 ended

Active mandates

Jean-Paul De Roose

Mandate

Active

Thierry De Roose

Mandate

Active

Ended mandates

Jean-Paul De Roose

Managing director · since 27 juin 2021 · until 27 juin 2027

Ended

Thierry De Roose

Managing director · since 27 juin 2021 · until 27 juin 2027

Ended

Fernanda Claeys

Director · since 27 juin 2015 · until 27 juin 2021

Ended

Jean-Paul De Roose

Managing director · since 27 juin 2015 · until 27 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other28/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates20/12/2023
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates22/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/12/2018
KAPITAAL - AANDELEN
PDF
Mandates16/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other10/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/09/2009
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 2025-143,7 k €↓
2023
Annual accounts 2023150,7 k €↓
2022
Annual accounts 2022153,8 k €↓
2021
Annual accounts 2021155,4 k €↑
2020
Annual accounts 2020151,7 k €↓
2019
Annual accounts 2019156,7 k €↑
2018
Annual accounts 2018153,3 k €↑
2017
Annual accounts 201792 k €↓
2016
Annual accounts 2016121 k €↑
2015
Annual accounts 201598,1 k €↓
2014
Annual accounts 2014129,2 k €↑
2013
Annual accounts 2013122,2 k €↓
2012
Annual accounts 2012136,3 k €↑
2011
Annual accounts 201115,1 k €↑
2010
Annual accounts 201013,4 k €↑
2009
Annual accounts 200910,7 k €↓
2008
Annual accounts 200811,5 k €
29/08/1979
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

WAM

Overview

What does WAM do?

Trend over 17 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