ACTIVE

WALLS & HEART

Financial year 2025 · Closed on 31/12/2025

Net result338,8 k €+58,1 %over 1 year
Gross margin1,1 M €+32,7 %over 1 year
Equity942,9 k €+52,3 %over 1 year
Workforce7,8 ETP-2,5 %over 1 year

Identity

Source · BCE/KBO

WALLS & HEART is a Public limited company incorporated in 1992. Its main activity is: Real estate agencies. Its registered office is in Antwerpen. It employs on average 7,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0448.997.063
Incorporation
16/12/1992
Legal form
Public limited company
Registered office
Goedehoopstraat 21 box 1
2000 Antwerpen · FlandreSee on map
Contributed capital
193 250,00 €
Latest accounts
31/12/2025
Average workforce
7,8 ETP
Joint committees (2)
  • 218
  • 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin1,1 M €800,6 k €914,5 k €884,2 k €867,7 k €
EBITDA517 k €335,8 k €327,6 k €324,1 k €380,2 k €
Operating result470,9 k €296 k €290 k €294,7 k €379,3 k €
Net result338,8 k €214,3 k €210,6 k €208,9 k €265,7 k €
Balance sheet
Equity942,9 k €619,1 k €1 M €814,3 k €615,4 k €
Total assets1,3 M €1,1 M €1,3 M €1,2 M €1 M €
Cash107,2 k €217,9 k €218,9 k €239,1 k €241,8 k €
Debts310,5 k €481,8 k €242,6 k €327,9 k €286,4 k €
Other
Workforce7,8 ETP8,0 ETP9,6 ETP10,9 ETP9,7 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 · 30 ended

Active mandates

BALTIMMORE

Managing director · since 23 juin 2017 · 0661.976.894

Represented by Wout Jacobs

Active

Ended mandates

BALTIMMORE

Director · since 08 juillet 2019 · 0661.976.894

Represented by Wout JACOBS

Ended
BALTIMMORE

Director · since 23 juin 2017 · 0661.976.894

Represented by Wout JACOBS

Ended
BALTIMMORE

Managing director · since 23 juin 2017 · until 22 juin 2023 · 0661.976.894

Represented by Wout JACOBS

Ended
SERUM

Managing director · since 26 janvier 2016 · until 20 juin 2022 · 0831.528.144

Represented by SEBASTIAN RUBIN

Ended

Other companies at this address

Goedehoopstraat 21 2000 Antwerpen
CompanyCBE no.
ANTELON GROUP● Active
0842.147.664
0899.452.888
ANTELON OFFICES● Active
0501.627.184
0413.089.148

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/06/202630/06/202528/06/202423/06/202305/07/202229/06/2021
General meeting15/06/202616/06/202517/06/202419/06/202320/06/202221/06/2021
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
Abridged model31/12/202515/06/202625/06/2026DutchPDF
Abridged model31/12/202416/06/202530/06/2025DutchPDF
Abridged model31/12/202317/06/202428/06/2024DutchPDF
Abridged model31/12/202219/06/202323/06/2023DutchPDF
Abridged model31/12/202120/06/202205/07/2022DutchPDF
Abridged model31/12/202021/06/202129/06/2021DutchPDF
Abridged model31/12/201915/06/202024/06/2020DutchPDF
Abridged model31/12/201817/06/201928/06/2019DutchPDF
Abridged model31/12/201718/06/201821/06/2018DutchPDF
Abridged model31/12/201623/05/201728/06/2017DutchPDF
Abridged model31/12/201520/06/201622/06/2016DutchPDF
Abridged model31/12/201415/06/201518/06/2015DutchPDF
Abridged model31/12/201316/06/201410/07/2014DutchPDF
Abridged model31/12/201217/06/201316/07/2013DutchPDF
Abridged model31/12/201118/06/201226/06/2012DutchPDF
Abridged model31/12/201020/06/201113/07/2011DutchPDF
Abridged model31/12/200921/06/201005/07/2010DutchPDF
Abridged model31/12/200815/06/200924/06/2009DutchPDF
Abridged model31/12/200716/06/200825/07/2008DutchPDF
Abridged model31/12/200618/06/200703/07/2007DutchPDF

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 · 30 ended

Active mandates

BALTIMMORE

Managing director · since 23 juin 2017 · 0661.976.894

Represented by Wout Jacobs

Active

Ended mandates

BALTIMMORE

Director · since 08 juillet 2019 · 0661.976.894

Represented by Wout JACOBS

Ended
BALTIMMORE

Director · since 23 juin 2017 · 0661.976.894

Represented by Wout JACOBS

Ended
BALTIMMORE

Managing director · since 23 juin 2017 · until 22 juin 2023 · 0661.976.894

Represented by Wout JACOBS

Ended
SERUM

Managing director · since 26 janvier 2016 · until 20 juin 2022 · 0831.528.144

Represented by SEBASTIAN RUBIN

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates12/07/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/07/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office04/08/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates25/02/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/09/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/04/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/01/2013
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates03/05/2012
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025338,8 k €↑
  2. 2024
    Annual accounts 2024214,3 k €↑
  3. 2024
    Name changeWalls Vastgoedmakelaars
  4. 2023
    Annual accounts 2023210,6 k €↑
  5. 2022
    Annual accounts 2022208,9 k €↓
  6. 2021
    Annual accounts 2021265,7 k €↑
  7. 2020
    Annual accounts 2020189,2 k €↑
  8. 2019
    Annual accounts 201977,7 k €↑
  9. 2018
    Annual accounts 2018-12,5 k €↑
  10. 2017
    Annual accounts 2017-63,7 k €↓
  11. 2016
    Annual accounts 201656,2 k €↑
  12. 2015
    Annual accounts 2015-23,1 k €↓
  13. 2014
    Annual accounts 201430,5 k €↑
  14. 2013
    Annual accounts 201316,8 k €↓
  15. 2012
    Annual accounts 201239,3 k €↓
  16. 2011
    Annual accounts 201139,5 k €↑
  17. 2010
    Annual accounts 20104,8 k €↓
  18. 2009
    Annual accounts 200967,4 k €↑
  19. 2008
    Annual accounts 2008-3,5 k €↑
  20. 2008
    Name changeWALLS & HEART
  21. 2007
    Annual accounts 2007-258,6 k €↓
  22. 2006
    Annual accounts 2006-115,1 k €
  23. 2006
    Name changeMARAND INVEST
  24. 16/12/1992
    IncorporationPublic limited company