ACTIVE

BODARWE - OLAERTS

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Financial year 2025 · closed on 30/09/2025

Net result

-31,2 k €

-139.0% YoY

Gross margin

-38,3 k €

+6.0% YoY

Equity

-894,8 k €

-3.6% YoY

What does BODARWE - OLAERTS do?

BODARWE - OLAERTS is a Public limited company incorporated in 1988. Its registered office is in Waimes.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.454.774

Incorporation

07/10/1988

Legal form

Public limited company

Registered office

Rue des Tchènas,Sourbrodt 13
4950 Waimes · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

30/09/2025

Joint committees (3)

Signals

Good liquidity

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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	-38,3 k €	+6.0%	-40,7 k €	-340%	16,9 k €	+146%	-36,8 k €	-540%	8,4 k €	+103%	-263,1 k €	-484%	68,6 k €	+122%	-311,3 k €	-434%	93,3 k €	-69.0%	300,7 k €	+9.1%	275,5 k €	-12.8%	316,1 k €	-37.3%	504,3 k €	+13.4%	444,8 k €	+1.1%	439,9 k €	+12.4%	391,5 k €	+28.5%	304,6 k €	+11.3%	273,7 k €	+9.7%	249,5 k €
EBITDA	-41,1 k €	+4.6%	-43,1 k €	-394%	14,6 k €	+128%	-51,4 k €	-210%	-16,6 k €	+69.4%	-54,1 k €	-317%	25 k €	+354%	-9,8 k €	+73.6%	-37,2 k €	-143%	86,5 k €	+42.2%	60,8 k €	+85.7%	32,8 k €	-86.4%	240,8 k €	+12.0%	215 k €	+28.9%	166,7 k €	+9.9%	151,7 k €	+11.6%	136 k €	+137%	57,3 k €	+32.1%	43,4 k €
Operating result	-47,8 k €	+66.1%	-140,8 k €	-1062%	14,6 k €	+128%	-51,4 k €	+46.5%	-96 k €	+76.5%	-408,1 k €	-1785%	24,2 k €	+187%	-27,9 k €	-29.8%	-21,5 k €	-175%	28,6 k €	-17.3%	34,5 k €	+3439%	-1 k €	-101%	153,2 k €	-13.3%	176,7 k €	+21.0%	146 k €	+47.2%	99,2 k €	-13.8%	115,2 k €	+121%	52,2 k €	+48.4%	35,1 k €
Net result	-31,2 k €	-139%	80,1 k €	+160%	-132,7 k €	-135%	-56,4 k €	-179%	-20,2 k €	+98.5%	-1,3 M €	-80722%	1,7 k €	-98.9%	146,5 k €	+9670%	1,5 k €	-13.9%	1,7 k €	-99.2%	205 k €	+1495%	12,9 k €	-47.0%	24,3 k €	-0.0%	24,3 k €	+1.8%	23,8 k €	+54.3%	15,5 k €	-10.3%	17,2 k €	-0.3%	17,3 k €	+215%	5,5 k €
Balance sheet
Equity	-894,8 k €	-3.6%	-863,6 k €	+8.5%	-943,7 k €	-16.4%	-811 k €	-7.5%	-754,6 k €	-2.8%	-734,4 k €	-220%	611,2 k €	+0.3%	609,5 k €	+31.6%	463,1 k €	+0.3%	461,6 k €	+0.4%	459,8 k €	+74.8%	263,1 k €	+0.4%	262 k €	+2.1%	256,7 k €	+1.9%	252 k €	+5.4%	239,2 k €	+3.3%	231,5 k €	+2.3%	226,3 k €	+8.3%	209,1 k €
Total assets	1,2 M €	-0.8%	1,2 M €	-7.8%	1,3 M €	-7.3%	1,5 M €	-3.1%	1,5 M €	+0.1%	1,5 M €	-26.6%	2 M €	-11.0%	2,3 M €	+4.5%	2,2 M €	-7.3%	2,4 M €	-3.2%	2,4 M €	+0.8%	2,4 M €	+5.0%	2,3 M €	-9.1%	2,5 M €	+4.5%	2,4 M €	+3.7%	2,3 M €	+35.0%	1,7 M €	+16.7%	1,5 M €	+0.8%	1,5 M €
Cash	21,4 k €	-89.2%	198,1 k €	+306%	48,8 k €	-89.5%	463,5 k €	+13.1%	409,9 k €	+8125%	5 k €	+12.2%	4,4 k €	-98.0%	218,3 k €	+277%	57,8 k €	-3.4%	59,9 k €	+241%	17,6 k €	-56.0%	39,9 k €	-39.9%	66,5 k €	-16.3%	79,4 k €	+423%	15,2 k €	-51.0%	30,9 k €	+254%	8,7 k €	+99.2%	4,4 k €	+50.9%	2,9 k €
Debts	1,2 M €	+3.3%	1,1 M €	+5.2%	1,1 M €	-3.8%	1,1 M €	-1.0%	1,1 M €	+9.4%	1 M €	-12.6%	1,2 M €	-17.7%	1,4 M €	+20.1%	1,2 M €	-18.9%	1,5 M €	-4.0%	1,5 M €	-10.3%	1,7 M €	+7.0%	1,6 M €	-10.2%	1,8 M €	+9.2%	1,6 M €	+4.7%	1,6 M €	+64.1%	948,8 k €	+34.1%	707,4 k €	-2.0%	722 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,0 ETP	-100%	2,8 ETP	-20.0%	3,5 ETP	-7.9%	3,8 ETP	-11.6%	4,3 ETP	-14.0%	5,0 ETP	+4.2%	4,8 ETP	+17.1%	4,1 ETP	+7.9%	3,8 ETP	-20.8%	4,8 ETP	-5.9%	5,1 ETP

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 14 ended

Active mandates

Rachel BODARWE

Director

Active

Ended mandates

RACHEL BODARWE

Director · since 30 mars 2021

Ended

RACHEL BODARWE

Managing director · since 30 mars 2021

Ended

Michel FETTWEIS

Director · since 31 mars 2018 · until 30 mars 2021

Ended

LUTGARDE OLAERTS

Director · since 31 mars 2015 · until 31 mars 2018

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	28/04/2026	23/04/2025	30/04/2024	26/04/2023	26/04/2022	28/04/2021
General meeting	31/03/2026	15/03/2025	16/03/2024	31/03/2023	31/03/2022	30/03/2021
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
Micro model	30/09/2025	31/03/2026	28/04/2026	French	PDF
Micro model	30/09/2024	15/03/2025	23/04/2025	French	PDF
Micro model	30/09/2023	16/03/2024	30/04/2024	French	PDF
Micro model	30/09/2022	31/03/2023	26/04/2023	French	PDF
Micro model	30/09/2021	31/03/2022	26/04/2022	French	PDF
Abridged model	30/09/2020	30/03/2021	28/04/2021	French	PDF
Abridged model	30/09/2019	21/03/2020	29/04/2020	French	PDF
Abridged model	30/09/2018	19/12/2018	31/12/2018	French	PDF
Abridged model	30/09/2017	31/03/2018	10/04/2018	French	PDF
Abridged model	30/09/2016	27/06/2017	22/08/2017	French	PDF
Abridged model	30/09/2015	14/06/2016	15/06/2016	French	PDF
Abridged model	30/09/2014	31/03/2015	29/04/2015	French	PDF
Abridged model	30/09/2013	01/07/2014	26/08/2014	French	PDF
Abridged model	30/09/2012	15/06/2013	15/07/2013	French	PDF
Abridged model	30/09/2011	31/03/2012	31/05/2012	French	PDF
Abridged model	30/09/2010	19/03/2011	28/04/2011	French	PDF
Abridged model	30/09/2009	20/03/2010	29/03/2010	French	PDF
Abridged model	30/09/2008	21/03/2009	31/03/2009	French	PDF
Abridged model	30/09/2007	15/03/2008	14/04/2008	French	PDF
Abridged model	30/09/2006	18/03/2007	29/03/2007	French	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 30/09/2025 · 1 active · 14 ended

Active mandates

Rachel BODARWE

Director

Active

Ended mandates

RACHEL BODARWE

Director · since 30 mars 2021

Ended

RACHEL BODARWE

Managing director · since 30 mars 2021

Ended

Michel FETTWEIS

Director · since 31 mars 2018 · until 30 mars 2021

Ended

LUTGARDE OLAERTS

Director · since 31 mars 2015 · until 31 mars 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2022
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates21/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates21/05/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates09/04/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates18/12/2008
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 2025-31,2 k €↓
2024
Annual accounts 202480,1 k €↑
2023
Annual accounts 2023-132,7 k €↓
2022
Annual accounts 2022-56,4 k €↓
2021
Annual accounts 2021-20,2 k €↑
2020
Annual accounts 2020-1,3 M €↓
2019
Annual accounts 20191,7 k €↓
2018
Annual accounts 2018146,5 k €↑
2017
Annual accounts 20171,5 k €↓
2016
Annual accounts 20161,7 k €↓
2015
Annual accounts 2015205 k €↑
2014
Annual accounts 201412,9 k €↓
2013
Annual accounts 201324,3 k €↓
2012
Annual accounts 201224,3 k €↑
2011
Annual accounts 201123,8 k €↑
2010
Annual accounts 201015,5 k €↓
2009
Annual accounts 200917,2 k €↓
2008
Annual accounts 200817,3 k €↑
2007
Annual accounts 20075,5 k €
07/10/1988
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

BODARWE - OLAERTS

Overview

What does BODARWE - OLAERTS do?

Trend over 19 financial years

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