ACTIVE

Eqwal

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Financial year 2025 · Closed on 30/09/2025

Net result1,2 M €-49,6 %over 1 year
Revenue38,9 M €+13,0 %over 1 year
Equity7,6 M €-21,6 %over 1 year
Workforce187,8 ETP+18,8 %over 1 year

Identity

Source · BCE/KBO

Eqwal is a Public limited company incorporated in 1984. Its main activity is: Manufacture of medical and dental instruments and supplies. Its registered office is in Gent. It employs on average 187,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0426.419.720
Incorporation
26/10/1984
Legal form
Public limited company
Registered office
Herman Teirlinckstraat 15
9041 Gent · FlandreSee on map
Contributed capital
808 686,00 €
Latest accounts
30/09/2025
Average workforce
187,8 ETP
Joint committees (7)
  • 100
  • 12802
  • 12806
  • 200
  • 201
  • 218
  • 340
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue38,9 M €34,5 M €26,1 M €21,9 M €14,8 M €
EBITDA3,6 M €4,6 M €4,3 M €4,3 M €2,4 M €
Operating result1,7 M €3,2 M €3,3 M €3,3 M €1,2 M €
Net result1,2 M €2,4 M €2,5 M €2,5 M €790,3 k €
Balance sheet
Equity7,6 M €9,7 M €6,9 M €6,9 M €5,4 M €
Total assets21,6 M €24,3 M €17,1 M €13,6 M €12,3 M €
Cash10,7 k €158,5 k €1,5 M €1,6 M €830,5 k €
Debts13,9 M €14,6 M €10,1 M €6,7 M €6,8 M €
Other
Workforce187,8 ETP158,1 ETP111,2 ETP100,2 ETP92,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2024

1 active · 6 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
FINICOMA0668.547.457Represented by Jean-Pierre Mahé
Managing director30/03/2020 → 06/06/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Hoornaert Nicolas
Director10/11/2017 → 2018 accounts
Romani Management0894.953.276Represented by BE 0668.547.457 Finicoma GCV
Managing director06/10/2014 → 2018 accounts

Other companies at this address

Herman Teirlinckstraat 15 9041 Gent
CompanyCBE no.
Eqwal Care● Active
0707.608.763
Eqwal Roeselare● Active
0450.255.093
Eqwal Stomacare● Active
0849.873.517
FINICOMA● Active
0668.547.457
Nixa-Phone● Liquidation
0827.622.410

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/01/202101/01/2020
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202131/12/2020
Length of the financial year12 months12 months12 months12 months9 months12 months
Filing date20/04/202617/04/202530/04/202403/05/202331/03/202223/06/2021
General meeting20/03/202631/03/202526/04/202431/03/202307/03/202205/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202520/03/202620/04/2026DutchPDF
Full model30/09/202431/03/202517/04/2025DutchPDF
Full model30/09/202326/04/202430/04/2024DutchPDF
Full model30/09/202231/03/202303/05/2023DutchPDF
Full model30/09/202107/03/202231/03/2022DutchPDF
Full model31/12/202005/06/202123/06/2021DutchPDF
Full model31/12/201927/07/202030/07/2020DutchPDF
Full model31/12/201828/06/201923/07/2019DutchPDF
Full model31/12/201729/06/201813/07/2018DutchPDF
Full model31/12/201630/06/201706/10/2017DutchPDF
Full model31/12/201530/06/201629/07/2016DutchPDF
Full model31/12/201426/06/201524/07/2015DutchPDF
Full model31/12/201327/06/201424/07/2014DutchPDF
Full model31/12/201229/06/201319/07/2013DutchPDF
Full model31/12/201130/06/201224/07/2012DutchPDF
Full model31/12/201030/06/201111/07/2011DutchPDF
Full model31/12/200930/06/201026/07/2010DutchPDF
Full model31/12/200830/06/200927/07/2009DutchPDF
Full model31/12/200730/06/200822/07/2008DutchPDF
Full model31/12/200620/06/200720/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 30/09/2024

1 active · 6 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
FINICOMA0668.547.457Represented by Jean-Pierre Mahé
Managing director30/03/2020 → 06/06/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Hoornaert Nicolas
Director10/11/2017 → 2018 accounts
Romani Management0894.953.276Represented by BE 0668.547.457 Finicoma GCV
Managing director06/10/2014 → 2018 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Restructuring09/02/2026
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring09/02/2026
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other04/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Other20/11/2025
    DIVERSEN
    PDF
  • Other20/11/2025
    DIVERSEN
    PDF
  • Other20/11/2025
    DIVERSEN
    PDF
  • Mandates30/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares28/04/2025
    KAPITAAL - AANDELEN
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
FINICOMA
Romani Management
Hoornaert Nicolas
REAL ESTATE & MANAGEMENT
T & C
VIEC
ALMAN
1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
EqwalAQTOR !TECHNISCHE ORTHOPEDIE BELGIE
Herman Teirlinckstraat 15, 9041 Oostakker
Managing director
Managing director
Managing director
Managing director
Managing director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Herman Teirlinckstraat 15, 9041 OostakkerCurrent
accounts 2022 → 2024
Accounts 2024 · 2025-00073041

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
EqwalCurrent
accounts 2025
Accounts 2025 · 2026-00085257
AQTOR !
accounts 2014 → 2024
Accounts 2024 · 2025-00073041
TECHNISCHE ORTHOPEDIE BELGIE
accounts 2006 → 2013
Accounts 2013 · 2014-33300277

Events

  1. 2025
    Annual accounts 20251,2 M €↓
  2. 2025
    Name changeEqwal
  3. 2024
    Annual accounts 20242,4 M €↓
  4. 2023
    Annual accounts 20232,5 M €↓
  5. 2022
    Annual accounts 20222,5 M €↑
  6. 2021
    Annual accounts 2021790,3 k €↓
  7. 2020
    Annual accounts 20201,4 M €↑
  8. 2019
    Annual accounts 2019487,6 k €↓
  9. 2018
    Annual accounts 2018736,1 k €↑
  10. 2017
    Annual accounts 2017250,5 k €↑
  11. 2016
    Annual accounts 2016174,6 k €↓
  12. 2015
    Annual accounts 2015289,4 k €↑
  13. 2014
    Annual accounts 2014194,6 k €↑
  14. 2014
    Name changeAQTOR !
  15. 2013
    Annual accounts 201399,6 k €↑
  16. 2012
    Annual accounts 201244,1 k €↓
  17. 2011
    Annual accounts 201176,1 k €↓
  18. 2010
    Annual accounts 2010109,9 k €↓
  19. 2009
    Annual accounts 2009205,6 k €↑
  20. 2008
    Annual accounts 2008168,4 k €↑
  21. 2007
    Annual accounts 2007102,5 k €↓
  22. 2006
    Annual accounts 2006158,8 k €
  23. 26/10/1984
    IncorporationPublic limited company