ACTIVE

WEP

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Financial year 2025 · closed on 30/09/2025

Net result

120,2 k €

-79.7% YoY

Revenue

11,5 M €

+4.4% YoY

Equity

1,1 M €

+12.6% YoY

Workforce

32,6 ETP

+14.8% YoY

What does WEP do?

WEP is a Public limited company incorporated in 1988. Its main activity is: Information service activities. Its registered office is in Koekelberg. It employs on average 32,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.130.419

Incorporation

09/09/1988

Legal form

Public limited company

Registered office

Avenue de Jette 26
1081 Koekelberg · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

32,6 ETP

Activities (NACE)

63301Information service activities· main 79110Travel agency activities 79110Travel agency activities

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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
Revenue	11,5 M €	+4.4%	11 M €	-11.7%	12,5 M €	+2.2%	12,2 M €	+34.2%	9,1 M €		–		–		–		–		11,6 M €	+13.7%	10,2 M €	+9.4%	9,3 M €	+13.6%	8,2 M €		–		–		–		–		–		–
EBITDA	237,3 k €	-70.6%	807,1 k €	-4.9%	848,5 k €	-24.5%	1,1 M €	+28.0%	878 k €	+399%	-293,4 k €	-343%	120,8 k €	-69.8%	400,6 k €	+288%	-213,4 k €	-366%	80,1 k €	+174%	29,3 k €	-93.3%	437,8 k €	+7.9%	405,9 k €	+137%	171,2 k €	-28.4%	239 k €	+42.2%	168,1 k €	-2.7%	172,7 k €	-21.5%	219,9 k €	+7.7%	204,2 k €
Operating result	200,1 k €	-74.0%	770,5 k €	-4.5%	806,9 k €	-25.4%	1,1 M €	+30.5%	828,4 k €	+327%	-365,4 k €	-1479%	26,5 k €	-91.5%	310,1 k €	+202%	-304 k €	-3140%	-9,4 k €	+89.2%	-87 k €	-126%	334,5 k €	+24.1%	269,5 k €	+704%	33,5 k €	-68.6%	106,8 k €	+123%	48 k €	-41.0%	81,2 k €	-38.7%	132,6 k €	+9.8%	120,7 k €
Net result	120,2 k €	-79.7%	591,4 k €	+14.6%	516,1 k €	-38.9%	845,3 k €	+27.2%	664,6 k €	+266%	-401,5 k €	-2908%	-13,4 k €	-106%	221,6 k €	+171%	-314,1 k €	-151%	613,8 k €	+20814%	2,9 k €	-98.2%	158,8 k €	+58.4%	100,2 k €	+45.5%	68,9 k €	+59.3%	43,2 k €	+182%	-52,6 k €	-181%	64,9 k €	+15.8%	56,1 k €	-44.0%	100,2 k €
Balance sheet
Equity	1,1 M €	+12.6%	955,3 k €	-22.7%	1,2 M €	+0.5%	1,2 M €	+24.9%	984,5 k €	+146%	399,9 k €	-50.1%	801,4 k €	-1.6%	814,8 k €	-19.5%	1 M €	-23.4%	1,3 M €	-3.2%	1,4 M €	+25.6%	1,1 M €	+62.3%	669,5 k €	+42.5%	469,9 k €	+24.2%	378,4 k €	-79.0%	1,8 M €	+12.7%	1,6 M €	+21.6%	1,3 M €	+14.9%	1,1 M €
Total assets	7,2 M €	+10.0%	6,5 M €	+2.8%	6,3 M €	-17.2%	7,7 M €	+2.5%	7,5 M €	+49.1%	5 M €	+11.1%	4,5 M €	+1.0%	4,5 M €	-8.7%	4,9 M €	+11.9%	4,4 M €	+13.3%	3,9 M €	+13.2%	3,4 M €	+7.4%	3,2 M €	+18.7%	2,7 M €	+111%	1,3 M €	-55.2%	2,8 M €	+4.6%	2,7 M €	+28.7%	2,1 M €	+7.6%	2 M €
Cash	556,6 k €	-25.0%	742,3 k €	+150%	297,5 k €	-78.5%	1,4 M €	-47.9%	2,7 M €	+91.6%	1,4 M €	+55.4%	890,6 k €	-17.5%	1,1 M €	+85.1%	583,4 k €	-24.2%	769,4 k €	+351%	170,5 k €	-73.7%	647,4 k €	+93.0%	335,4 k €	+1.5%	330,5 k €	+158%	128,3 k €	-46.1%	238,3 k €	-58.9%	580,1 k €	+387%	119,1 k €	-35.4%	184,2 k €
Debts	6 M €	+9.8%	5,4 M €	+9.6%	5 M €	-21.1%	6,3 M €	-0.4%	6,3 M €	+65.4%	3,8 M €	+6.2%	3,6 M €	+1.6%	3,5 M €	-6.3%	3,8 M €	+28.6%	2,9 M €	+23.4%	2,4 M €	+7.5%	2,2 M €	-8.3%	2,4 M €	+9.9%	2,2 M €	+147%	890,6 k €	-13.5%	1 M €	-7.2%	1,1 M €	+40.6%	789,2 k €	-2.7%	811,3 k €
Other
Workforce	32,6 ETP	+14.8%	28,4 ETP	+12.3%	25,3 ETP	+2.4%	24,7 ETP	+5.1%	23,5 ETP	-18.7%	28,9 ETP	-14.7%	33,9 ETP	-5.8%	36,0 ETP	-2.7%	37,0 ETP	+10.8%	33,4 ETP	+3.1%	32,4 ETP	+23.2%	26,3 ETP	+20.6%	21,8 ETP	+16.0%	18,8 ETP	+14.6%	16,4 ETP	+15.5%	14,2 ETP	+3.6%	13,7 ETP	-4.9%	14,4 ETP	+53.2%	9,4 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 · 3 active · 26 ended

Active mandates

EATYS

Director · since 31 mars 2022 · 0790.875.741

Represented by Alain MABOGE

Active

Lorenzo AGATI

Director · since 14 janvier 2022

Active

Discovery Holding

Managing director · 0778.971.366

Represented by Thibaut HARDELAY

Active

Ended mandates

EATYS

Director · since 31 mars 2022 · until 31 mars 2025 · 0790.875.741

Represented by Alain MABOGE

Ended

Adrien BUNTINX

Director · since 14 janvier 2022 · until 01 octobre 2022

Ended

Nathalie GERLING

Managing director · since 14 janvier 2022

Ended

Alain MABOGE

Director · since 15 novembre 2020 · until 14 janvier 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Discovery Holding● Active	0778.971.366
WEP INTERNATIONAL● Active	0476.725.504
WEP-Windrose● Active	0471.636.071

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full 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	08/04/2026	04/04/2025	18/04/2024	14/04/2023	05/04/2022	19/03/2021
General meeting	31/03/2026	31/03/2025	29/03/2024	31/03/2023	31/03/2022	11/03/2021
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
Full model	30/09/2025	31/03/2026	08/04/2026	French	PDF
Full model	30/09/2024	31/03/2025	04/04/2025	French	PDF
Full model	30/09/2023	29/03/2024	18/04/2024	French	PDF
Full model	30/09/2022	31/03/2023	14/04/2023	French	PDF
Full model	30/09/2021	31/03/2022	05/04/2022	French	PDF
Abridged model	30/09/2020	11/03/2021	19/03/2021	French	PDF
Abridged model	30/09/2019	12/03/2020	12/03/2020	French	PDF
Abridged model	30/09/2018	25/02/2019	28/03/2019	French	PDF
Abridged model	30/09/2017	26/02/2018	15/03/2018	French	PDF
Abridged model	30/09/2016	27/02/2017	30/03/2017	French	PDF
Abridged model	30/09/2015	29/02/2016	31/03/2016	French	PDF
Abridged model	30/09/2014	28/02/2015	31/03/2015	French	PDF
Abridged model	30/09/2013	28/02/2014	19/03/2014	French	PDF
Abridged model	30/09/2012	26/03/2013	05/04/2013	French	PDF
Abridged model	30/09/2011	31/01/2012	31/01/2012	French	PDF
Abridged model	30/09/2010	19/02/2011	29/03/2011	French	PDF
Abridged model	30/09/2009	19/02/2010	31/03/2010	French	PDF
Abridged model	30/09/2008	19/02/2009	11/09/2009	French	PDF
Abridged model	30/09/2007	15/03/2008	11/04/2008	French	PDF
Abridged model	30/09/2006	15/02/2007	26/02/2007	French	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 · 3 active · 26 ended

Active mandates

EATYS

Director · since 31 mars 2022 · 0790.875.741

Represented by Alain MABOGE

Active

Lorenzo AGATI

Director · since 14 janvier 2022

Active

Discovery Holding

Managing director · 0778.971.366

Represented by Thibaut HARDELAY

Active

Ended mandates

EATYS

Director · since 31 mars 2022 · until 31 mars 2025 · 0790.875.741

Represented by Alain MABOGE

Ended

Adrien BUNTINX

Director · since 14 janvier 2022 · until 01 octobre 2022

Ended

Nathalie GERLING

Managing director · since 14 janvier 2022

Ended

Alain MABOGE

Director · since 15 novembre 2020 · until 14 janvier 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates18/06/2025
DEMISSIONS, NOMINATIONS
PDF
Other23/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates13/01/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2018
DEMISSIONS, NOMINATIONS
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 2025120,2 k €↓
2024
Annual accounts 2024591,4 k €↑
2023
Annual accounts 2023516,1 k €↓
2022
Annual accounts 2022845,3 k €↑
2021
Annual accounts 2021664,6 k €↑
2020
Annual accounts 2020-401,5 k €↓
2019
Annual accounts 2019-13,4 k €↓
2018
Annual accounts 2018221,6 k €↑
2017
Annual accounts 2017-314,1 k €↓
2016
Annual accounts 2016613,8 k €↑
2015
Annual accounts 20152,9 k €↓
2014
Annual accounts 2014158,8 k €↑
2013
Annual accounts 2013100,2 k €↑
2012
Annual accounts 201268,9 k €↑
2011
Annual accounts 201143,2 k €↑
2010
Annual accounts 2010-52,6 k €↓
2009
Annual accounts 200964,9 k €↑
2008
Annual accounts 200856,1 k €↓
2007
Annual accounts 2007100,2 k €
09/09/1988
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

WEP

Overview

What does WEP 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