ACTIVE

WILHELM et Co

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Financial year 2025 · closed on 31/12/2025
Net result
-898,9 k €
-108.0% YoY
Gross margin
687,8 k €
-58.3% YoY
Equity
20,5 M €
-4.2% YoY
Workforce
5,2 ETP
+4.0% YoY

What does WILHELM et Co do?

WILHELM et Co is a Public limited company incorporated in 1988. Its main activity is: Development of building projects. Its registered office is in Bruxelles. It employs on average 5,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0435.552.665
Incorporation
11/10/1988
Legal form
Public limited company
Registered office
Rue de la Bonté 5
1000 Bruxelles · BruxellesSee on map
Contributed capital
21 016 295,01 €
Latest accounts
31/12/2025
Average workforce
5,2 ETP
Activities (NACE)
41102Development of building projects· main68122Buying and selling of own real estate68203Rental and operating of own or leased real estate68203Rental and operating of own or leased real estate70113Activities of head offices74131Specialised design activities+8
Joint committees (3)
  • 100
  • 200
  • 218
Signals
Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200820072006
Income statement
Gross margin687,8 k €1,6 M €2,5 M €1,3 M €915,7 k €1,9 M €1,2 M €1,5 M €1,9 M €1,3 M €1,5 M €1,4 M €–––3,6 M €2,5 M €1,7 M €1,2 M €
EBITDA151,1 k €776,3 k €1,7 M €431,9 k €98,8 k €503,9 k €474,4 k €438,1 k €471,1 k €400,4 k €457,9 k €350,5 k €289,8 k €-1,7 M €971,7 k €1,6 M €971,5 k €516,2 k €340 k €
Operating result-362,4 k €426,2 k €1,4 M €214 k €-107,2 k €245,8 k €228,8 k €186,3 k €225,3 k €155,9 k €262,6 k €159,2 k €85,2 k €-2 M €584,4 k €864,6 k €583,7 k €350,4 k €190,4 k €
Net result-898,9 k €-432,1 k €81,6 k €93,4 k €-198,5 k €47,4 k €64,8 k €16,4 k €130,8 k €164,4 k €240,7 k €42,4 k €-226,6 k €-19,5 k €14,2 k €36,3 k €28,4 k €13 k €3,6 k €
Balance sheet
Equity20,5 M €21,4 M €21,9 M €21,8 M €21,7 M €21,9 M €21,8 M €21,8 M €13,3 M €13,2 M €13,1 M €12,8 M €312,6 k €539,2 k €558,7 k €544,5 k €508,2 k €479,7 k €466,8 k €
Total assets44,2 M €43 M €41,6 M €36,3 M €31,9 M €33 M €30,9 M €26,5 M €26,9 M €23,1 M €21,7 M €19,4 M €22,4 M €23 M €21,1 M €15,9 M €14,5 M €7,3 M €6,6 M €
Cash149,8 k €156,9 k €446 k €268,1 k €238,4 k €219,6 k €248,8 k €2,8 M €37,9 k €322,5 k €161,8 k €39,6 k €268,8 k €201,2 k €174,8 k €4,2 k €361,1 k €284,9 k €421,6 k €
Debts22,8 M €20,7 M €18,6 M €13,5 M €9,3 M €9,9 M €7,8 M €3,9 M €10,1 M €6,8 M €6,1 M €4,7 M €18,6 M €19,3 M €18,1 M €13,5 M €12,7 M €6 M €5,5 M €
Other
Workforce5,2 ETP5,0 ETP6,6 ETP9,6 ETP10,3 ETP11,9 ETP11,1 ETP11,9 ETP13,9 ETP13,4 ETP15,9 ETP15,4 ETP16,1 ETP19,8 ETP18,7 ETP20,5 ETP26,5 ETP20,7 ETP15,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 21 ended

Active mandates

Jean-Michel DESPAUX

Director · since 29 juin 2023 · until 20 juin 2029

Active
Nicole VAN DEN PLAS

Director · since 29 juin 2023 · until 20 juin 2029

Active
Peter WILHELM

Managing director · since 29 juin 2023 · until 20 juin 2029

Active

Ended mandates

Claude ARNOULD

Director · since 26 décembre 2017 · until 26 décembre 2023

Ended
Jean-Michel DESPAUX

Director · since 26 décembre 2017 · until 26 décembre 2023

Ended
Nicole Van Den Plas

Director · since 26 décembre 2017 · until 26 décembre 2023

Ended
Peter WILHELM

Managing director · since 26 décembre 2017 · until 26 décembre 2023

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months18 months12 months12 months12 months
Filing date31/08/202618/07/202528/08/202430/01/202328/01/202226/01/2021
General meeting17/07/202617/07/202518/07/202413/12/202218/01/202229/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202517/07/202631/08/2026FrenchPDF
Abridged model31/12/202417/07/202518/07/2025FrenchPDF
Abridged model31/12/202318/07/202428/08/2024FrenchPDF
Abridged model30/06/202213/12/202230/01/2023FrenchPDF
Abridged model30/06/202118/01/202228/01/2022FrenchPDF
Abridged model30/06/202029/12/202026/01/2021FrenchPDF
Abridged model30/06/201911/12/201931/01/2020FrenchPDF
Abridged model30/06/201821/12/201818/01/2019FrenchPDF
Abridged model30/06/201726/12/201726/01/2018FrenchPDF
Abridged model30/06/201631/12/201631/01/2017FrenchPDF
Abridged model30/06/201523/12/201522/01/2016FrenchPDF
Abridged model30/06/201421/10/201417/11/2014FrenchPDF
Full model30/06/201329/01/201431/01/2014FrenchPDF
Full model30/06/201216/01/201301/02/2013FrenchPDF
Full model30/06/201116/03/201216/04/2012FrenchPDF
Abridged model30/06/201025/01/201121/02/2011FrenchPDF
Abridged model31/12/200813/05/200910/07/2009FrenchPDF
Abridged model31/12/200714/05/200811/06/2008FrenchPDF
Abridged model31/12/200609/05/200706/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 3 active · 21 ended

Active mandates

Jean-Michel DESPAUX

Director · since 29 juin 2023 · until 20 juin 2029

Active
Nicole VAN DEN PLAS

Director · since 29 juin 2023 · until 20 juin 2029

Active
Peter WILHELM

Managing director · since 29 juin 2023 · until 20 juin 2029

Active

Ended mandates

Claude ARNOULD

Director · since 26 décembre 2017 · until 26 décembre 2023

Ended
Jean-Michel DESPAUX

Director · since 26 décembre 2017 · until 26 décembre 2023

Ended
Nicole Van Den Plas

Director · since 26 décembre 2017 · until 26 décembre 2023

Ended
Peter WILHELM

Managing director · since 26 décembre 2017 · until 26 décembre 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring25/11/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring29/07/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring13/12/2023
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring22/09/2023
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Mandates07/09/2023
    DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates04/04/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares14/08/2018
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-898,9 k €↓
  2. 2024
    Annual accounts 2024-432,1 k €↓
  3. 2023
    Annual accounts 202381,6 k €↓
  4. 2022
    Annual accounts 202293,4 k €↑
  5. 2022
    Name changeWILHELM & CO
  6. 2021
    Annual accounts 2021-198,5 k €↓
  7. 2020
    Annual accounts 202047,4 k €↓
  8. 2019
    Annual accounts 201964,8 k €↑
  9. 2018
    Annual accounts 201816,4 k €↓
  10. 2017
    Annual accounts 2017130,8 k €↓
  11. 2016
    Annual accounts 2016164,4 k €↓
  12. 2015
    Annual accounts 2015240,7 k €↑
  13. 2014
    Annual accounts 201442,4 k €↑
  14. 2013
    Annual accounts 2013-226,6 k €↓
  15. 2012
    Annual accounts 2012-19,5 k €↓
  16. 2011
    Annual accounts 201114,2 k €↓
  17. 2010
    Annual accounts 201036,3 k €↑
  18. 2008
    Annual accounts 200828,4 k €↑
  19. 2007
    Annual accounts 200713 k €↑
  20. 2006
    Annual accounts 20063,6 k €
  21. 2006
    Name changeWILHELM et Co
  22. 11/10/1988
    IncorporationPublic limited company