ACTIVE

B.V.B.A. NOEL DE WAELE

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Financial year 2025 · Closed on 31/12/2025

Net result214,5 k €-50,9 %over 1 year

Revenue11,3 M €+3,0 %over 1 year

Equity3,7 M €-4,4 %over 1 year

Workforce40,2 ETP-1,0 %over 1 year

Identity

Source · BCE/KBO

B.V.B.A. NOEL DE WAELE is a Private limited company incorporated in 1991. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Tielt. It employs on average 40,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0445.203.571
Incorporation: 20/09/1991
Legal form: Private limited company
Registered office: Astridlaan 17
8760 Tielt · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025
Average workforce: 40,2 ETP

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles 46731Wholesale of wood, construction materials and sanitary equipment 46831Wholesale trade, except of motor vehicles and motorcycles 51532Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	11,3 M €	+3.0%	10,9 M €	+5.4%	10,4 M €		–		–
EBITDA	698,3 k €	-28.9%	981,9 k €	-6.1%	1 M €	-16.0%	1,2 M €	+65.7%	751,8 k €
Operating result	251,2 k €	-51.1%	514 k €	-21.9%	657,9 k €	-31.3%	958,2 k €	+89.9%	504,7 k €
Net result	214,5 k €	-50.9%	437,1 k €	-7.0%	469,9 k €	-35.9%	733,5 k €	+99.5%	367,7 k €
Balance sheet
Equity	3,7 M €	-4.4%	3,9 M €	+12.8%	3,4 M €	+12.1%	3 M €	+31.7%	2,3 M €
Total assets	5,9 M €	-6.3%	6,3 M €	+10.0%	5,7 M €	+2.7%	5,6 M €	+8.9%	5,1 M €
Cash	1,6 M €	+114%	740,1 k €	-37.5%	1,2 M €	+59.6%	742 k €	+20.2%	617,5 k €
Debts	2,2 M €	-9.3%	2,4 M €	+5.8%	2,3 M €	-8.6%	2,5 M €	-9.9%	2,8 M €
Other
Workforce	40,2 ETP	-1.0%	40,6 ETP	-7.5%	43,9 ETP	+0.5%	43,7 ETP	+9.8%	39,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

XAVIER DE WAELE

Manager

Active

Ended mandates

Noël DE WAELE

Manager

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2026	29/07/2025	22/07/2024	12/06/2023	22/06/2022	14/07/2021
General meeting	13/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	13/06/2026	29/07/2026	Dutch	PDF
Full model	31/12/2024	14/06/2025	29/07/2025	Dutch	PDF
Full model	31/12/2023	08/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	12/06/2023	Dutch	PDF
Abridged model	31/12/2021	11/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	12/06/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	13/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	09/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	10/06/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	09/09/2016	15/09/2016	Dutch	PDF
Abridged model	31/12/2014	26/08/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	27/07/2010	Dutch	PDF
Abridged model	31/03/2008	05/09/2008	05/11/2008	Dutch	PDF
Abridged model	31/03/2007	07/09/2007	28/09/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

XAVIER DE WAELE

Manager

Active

Ended mandates

Noël DE WAELE

Manager

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other14/04/2009
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares19/03/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares06/03/2003
DOEL - KAPITAAL - AANDELEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025214,5 k €↓
2024
Annual accounts 2024437,1 k €↓
2024
Name changeB.V.B.A. NOEL DE WAELE
2023
Annual accounts 2023469,9 k €↓
2022
Annual accounts 2022733,5 k €↑
2021
Annual accounts 2021367,7 k €↓
2021
Name changeDE WAELE NOEL BVBA
2020
Annual accounts 2020623,6 k €↑
2019
Annual accounts 2019182,5 k €↓
2018
Annual accounts 2018274,7 k €↑
2017
Annual accounts 2017177,2 k €↑
2016
Annual accounts 2016177,1 k €↑
2015
Annual accounts 2015163,1 k €↑
2014
Annual accounts 201458,3 k €↑
2013
Annual accounts 201350,1 k €↓
2012
Annual accounts 2012124,4 k €↓
2011
Annual accounts 2011151,4 k €↑
2010
Annual accounts 201052,9 k €↑
2009
Annual accounts 20091,1 k €↑
2008
Annual accounts 2008622 €↓
2007
Annual accounts 200729,3 k €
20/09/1991
IncorporationPrivate limited company

B.V.B.A. NOEL DE WAELE

Overview

Identity

Financials

Valuation

Indicative valuation

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

Timeline