ACTIVE

De Warande

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Financial year 2025 · closed on 30/09/2025

Net result

188,3 k €

+515.1% YoY

Gross margin

1,3 M €

+17.9% YoY

Equity

1,3 M €

+17.6% YoY

What does De Warande do?

De Warande is a Private company with limited liability incorporated in 1983. Its registered office is in Bierbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.144.772

Incorporation

23/06/1983

Legal form

Private company with limited liability

Registered office

Waversesteenweg(OPV) 114
3360 Bierbeek · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

30/09/2025

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,3 M €	+17.9%	1,1 M €	+9.6%	1 M €	+14.9%	900,8 k €	+13.0%	797,1 k €	-5.1%	839,8 k €	-7.7%	909,9 k €	+14.6%	794,3 k €	-23.3%	1 M €	+6.3%	974,6 k €	+36.5%	714,1 k €	-2.8%	735 k €	+14.7%	640,8 k €	-18.4%	784,9 k €	+4.8%	748,7 k €	-3.6%	777 k €	+1.9%	762,6 k €	+30.3%	585,4 k €	+14.7%	510,3 k €
EBITDA	522 k €	+120%	237 k €	-11.6%	268,1 k €	+104%	131,7 k €	-23.4%	171,9 k €	+11.6%	153,9 k €	-15.7%	182,7 k €	+36.6%	133,8 k €	-15.5%	158,3 k €	-7.8%	171,8 k €	+22.8%	139,9 k €	-16.1%	166,7 k €	+65.8%	100,6 k €	-44.2%	180,1 k €	+19.2%	151,1 k €	-23.2%	196,7 k €	-15.7%	233,3 k €	+42.4%	163,9 k €	+22.4%	133,9 k €
Operating result	266,2 k €	+2366%	-11,8 k €	-109%	135,2 k €	+293%	34,4 k €	-50.4%	69,4 k €	+1054%	6 k €	+177%	-7,8 k €	+74.6%	-30,7 k €	-151%	-12,3 k €	-384%	4,3 k €	-52.0%	9 k €	-58.6%	21,7 k €	+135%	-62,5 k €	-514%	15,1 k €	+21.4%	12,4 k €	-70.2%	41,7 k €	-42.1%	72 k €	-7.0%	77,4 k €	+63.5%	47,3 k €
Net result	188,3 k €	+515%	-45,4 k €	-136%	124,8 k €	+228%	38 k €	-58.6%	91,9 k €	+437%	17,1 k €	+12.6%	15,2 k €	+129%	-52,5 k €	-521%	-8,4 k €	-154%	15,5 k €	+1549%	940,1 €	-93.8%	15,3 k €	+125%	-61,1 k €	-479%	16,1 k €	+65.2%	9,8 k €	-19.4%	12,1 k €	+6.4%	11,4 k €	-86.2%	82,5 k €	+103%	40,7 k €
Balance sheet
Equity	1,3 M €	+17.6%	1,1 M €	-4.1%	1,1 M €	+12.6%	990,5 k €	+4.0%	952,5 k €	+10.7%	860,5 k €	+2.0%	843,4 k €	+1.8%	828,2 k €	-6.0%	880,7 k €	-1.0%	889,1 k €	+1.8%	873,6 k €	+0.1%	872,7 k €	+1.8%	857,4 k €	-6.7%	918,6 k €	+1.8%	902,4 k €	+1.1%	892,7 k €	+1.4%	880,6 k €	+77.5%	496,2 k €	+19.9%	413,6 k €
Total assets	4,1 M €	-6.0%	4,4 M €	+27.8%	3,4 M €	-5.9%	3,6 M €	+40.4%	2,6 M €	+3.9%	2,5 M €	-1.4%	2,5 M €	+0.2%	2,5 M €	-4.3%	2,6 M €	-3.4%	2,7 M €	+3.9%	2,6 M €	+8.0%	2,4 M €	+6.9%	2,3 M €	-0.8%	2,3 M €	-1.2%	2,3 M €	+11.0%	2,1 M €	-19.4%	2,6 M €	+120%	1,2 M €	+25.0%	946 k €
Cash	6,1 k €	-66.2%	18,2 k €	-61.6%	47,3 k €		–		19,7 k €	-55.8%	44,5 k €	+339%	10,1 k €	+753%	1,2 k €	-94.5%	21,6 k €	-80.1%	108,7 k €	+884%	11,1 k €	+27.4%	8,7 k €	-74.2%	33,6 k €	+90.0%	17,7 k €	-30.7%	25,5 k €	-49.9%	50,9 k €	-71.9%	181,5 k €	+0.2%	181,1 k €	+524%	29 k €
Debts	2,8 M €	-12.9%	3,3 M €	+42.3%	2,3 M €	-5.8%	2,4 M €	+56.9%	1,6 M €	+2.3%	1,5 M €	-1.8%	1,5 M €	-1.8%	1,6 M €	-6.6%	1,7 M €	+0.7%	1,7 M €	+2.0%	1,6 M €	+10.6%	1,5 M €	+11.8%	1,3 M €	-0.6%	1,3 M €	-3.7%	1,4 M €	+18.8%	1,2 M €	-30.9%	1,7 M €	+157%	656 k €	+30.1%	504,2 k €
Other
Workforce	–		14,7 ETP	+12.2%	13,1 ETP	-9.7%	14,5 ETP	+9.0%	13,3 ETP	-3.6%	13,8 ETP	-0.7%	13,9 ETP	-6.1%	14,8 ETP	-19.6%	18,4 ETP	+7.6%	17,1 ETP	+46.2%	11,7 ETP	+2.6%	11,4 ETP	-3.4%	11,8 ETP	-1.7%	12,0 ETP	-7.7%	13,0 ETP	+1.6%	12,8 ETP	+2.4%	12,5 ETP	+27.6%	9,8 ETP	+25.6%	7,8 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 30/09/2025 · 2 active · 10 ended

Active mandates

Karim Smets

Director

Active

SMEDKA

Director · 0821.227.734

Active

Ended mandates

ANNY VANDENBEMPT

Director · since 18 janvier 2006 · until 18 janvier 2012

Ended

EDDY SMETS

Managing director · since 18 janvier 2006 · until 18 janvier 2012

Ended

KARIM SMETS

Director · since 18 janvier 2006 · until 18 janvier 2012

Ended

Eddy SMETS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
EMILIOS WELLNESS● Active	0811.261.577
Kiwanis Club Leuven● Active	0413.745.877
SMEDKA● Active	0821.227.734
SMETS RAYMOND● Active	0449.325.180

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	29/04/2025	24/04/2024	09/05/2023	12/04/2022	26/04/2021
General meeting	02/03/2026	31/03/2025	01/04/2024	07/04/2023	14/03/2022	01/02/2021
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
Micro model	30/09/2025	02/03/2026	29/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	29/04/2025	Dutch	PDF
Abridged model	30/09/2023	01/04/2024	24/04/2024	Dutch	PDF
Abridged model	30/09/2022	07/04/2023	09/05/2023	Dutch	PDF
Abridged model	30/09/2021	14/03/2022	12/04/2022	Dutch	PDF
Abridged model	30/09/2020	01/02/2021	26/04/2021	Dutch	PDF
Abridged model	30/09/2019	03/02/2020	28/04/2020	Dutch	PDF
Abridged model	30/09/2018	04/03/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	05/03/2018	04/04/2018	Dutch	PDF
Abridged model	30/09/2016	06/03/2017	26/04/2017	Dutch	PDF
Abridged model	30/09/2015	07/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	03/03/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	04/02/2013	24/04/2013	Dutch	PDF
Abridged model	30/09/2011	06/02/2012	22/03/2012	Dutch	PDF
Abridged model	30/09/2010	02/02/2011	02/05/2011	Dutch	PDF
Abridged model	30/09/2009	02/02/2010	29/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/02/2009	25/03/2009	Dutch	PDF
Abridged model	30/09/2007	10/01/2008	15/02/2008	Dutch	PDF
Abridged model	30/09/2006	10/03/2007	30/03/2007	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 30/09/2025 · 2 active · 10 ended

Active mandates

Karim Smets

Director

Active

SMEDKA

Director · 0821.227.734

Active

Ended mandates

ANNY VANDENBEMPT

Director · since 18 janvier 2006 · until 18 janvier 2012

Ended

EDDY SMETS

Managing director · since 18 janvier 2006 · until 18 janvier 2012

Ended

KARIM SMETS

Director · since 18 janvier 2006 · until 18 janvier 2012

Ended

Eddy SMETS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2008
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares06/04/2006
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Restructuring02/02/2006
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025188,3 k €↑
2024
Annual accounts 2024-45,4 k €↓
2023
Annual accounts 2023124,8 k €↑
2022
Annual accounts 202238 k €↓
2021
Annual accounts 202191,9 k €↑
2020
Annual accounts 202017,1 k €↑
2019
Annual accounts 201915,2 k €↑
2018
Annual accounts 2018-52,5 k €↓
2017
Annual accounts 2017-8,4 k €↓
2016
Annual accounts 201615,5 k €↑
2015
Annual accounts 2015940,1 €↓
2014
Annual accounts 201415,3 k €↑
2013
Annual accounts 2013-61,1 k €↓
2012
Annual accounts 201216,1 k €↑
2011
Annual accounts 20119,8 k €↓
2010
Annual accounts 201012,1 k €↑
2009
Annual accounts 200911,4 k €↓
2008
Annual accounts 200882,5 k €↑
2007
Annual accounts 200740,7 k €
23/06/1983
IncorporationPrivate company with limited liability

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 Warande

Overview

What does De Warande do?

Trend over 19 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