ACTIVE

WELVAERT

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Financial year 2025 · closed on 30/06/2025

Net result

108,9 k €

+121.8% YoY

Gross margin

463,4 k €

+17.9% YoY

Equity

1,7 M €

-6.2% YoY

Workforce

1,0 ETP

0.0% YoY

What does WELVAERT do?

WELVAERT is a Private limited company incorporated in 1995. Its main activity is: Demolition. Its registered office is in Evergem. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.294.748

Incorporation

26/01/1995

Legal form

Private limited company

Registered office

Oude Burggrave 22
9940 Evergem · FlandreSee on map

Contributed capital

100 500,00 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

43110Demolition· main 43110Demolition 45111Sale of cars and light motor vehicles 42110Construction of roads and motorways 42110Construction of roads and motorways 43120Site preparation+3

Joint committees (3)

124
1240
12400

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	463,4 k €	+17.9%	393 k €	-4.8%	412,7 k €	+7.2%	385,1 k €	-3.1%	397,6 k €	-3.7%	413,1 k €	+19.9%	344,6 k €	-9.0%	378,5 k €	-14.7%	443,8 k €	-37.8%	713,6 k €	+27.1%	561,4 k €	-4.0%	584,6 k €	+7.0%	546,2 k €	+29.6%	421,4 k €	-23.8%	552,8 k €	-4.7%	580,1 k €	+13.6%	510,4 k €	+9.2%	467,6 k €	+0.9%	463,3 k €
EBITDA	385,2 k €	+21.3%	317,6 k €	-5.8%	337,1 k €	+24.4%	271 k €	+0.8%	268,7 k €	-9.8%	297,8 k €	+28.6%	231,5 k €	-12.1%	263,3 k €	-14.1%	306,5 k €	-44.0%	547,1 k €	+60.3%	341,3 k €	+5.2%	324,5 k €	-5.5%	343,5 k €	+29.6%	264,9 k €	-30.7%	382,1 k €	-4.3%	399,4 k €	+21.7%	328,1 k €	+12.2%	292,5 k €	-7.3%	315,3 k €
Operating result	166,9 k €	+105%	81,5 k €	-30.7%	117,6 k €	+60.7%	73,2 k €	-44.1%	130,9 k €	-22.5%	168,8 k €	+75.2%	96,4 k €	+1.9%	94,6 k €	-15.4%	111,8 k €	-5.7%	118,6 k €	-9.7%	131,3 k €	+16.1%	113,1 k €	+23.5%	91,6 k €	+112%	43,3 k €	-66.2%	127,9 k €	-28.0%	177,7 k €	+67.9%	105,8 k €	-19.3%	131,2 k €	-1.1%	132,7 k €
Net result	108,9 k €	+122%	49,1 k €	-50.2%	98,7 k €	+57.1%	62,8 k €	-40.6%	105,8 k €	-7.2%	113,9 k €	+83.5%	62,1 k €	-4.3%	64,9 k €	-19.9%	80,9 k €	-7.9%	87,9 k €	-12.9%	100,9 k €	+17.5%	85,9 k €	+27.0%	67,7 k €	+122%	30,5 k €	-67.7%	94,6 k €	-28.3%	132 k €	+53.7%	85,9 k €	-6.1%	91,5 k €	+1.2%	90,4 k €
Balance sheet
Equity	1,7 M €	-6.2%	1,8 M €	+2.8%	1,7 M €	+6.0%	1,6 M €	+4.0%	1,6 M €	+7.1%	1,5 M €	-4.3%	1,5 M €	+4.2%	1,5 M €	+4.6%	1,4 M €	+6.0%	1,3 M €	+7.0%	1,3 M €	+8.8%	1,1 M €	+6.1%	1,1 M €	+6.7%	1 M €	+7.0%	948,9 k €	+11.1%	854,2 k €	+18.3%	722,2 k €	+13.5%	636,3 k €	+16.8%	544,8 k €
Total assets	2,4 M €	+6.3%	2,2 M €	-1.2%	2,3 M €	+2.2%	2,2 M €	+9.1%	2 M €	+11.2%	1,8 M €	+1.2%	1,8 M €	-2.6%	1,8 M €	-0.8%	1,9 M €	+5.3%	1,8 M €	+1.7%	1,7 M €	-8.9%	1,9 M €	+19.3%	1,6 M €	+3.9%	1,5 M €	-0.7%	1,6 M €	+19.6%	1,3 M €	+10.8%	1,2 M €	+13.1%	1 M €	+4.9%	987 k €
Cash	807,6 k €	+58.6%	509,1 k €	+43.5%	354,9 k €	-18.8%	437,2 k €	-38.6%	711,6 k €	-0.1%	712,2 k €	-4.2%	743,3 k €	-3.2%	767,7 k €	-27.6%	1,1 M €	+18.8%	892 k €	+39.5%	639,2 k €	-8.4%	697,8 k €	+21.7%	573,5 k €	+30.3%	440,1 k €	+30.4%	337,5 k €	-45.4%	617,7 k €	+123%	276,6 k €	+145%	113 k €	-66.4%	336,4 k €
Debts	689,6 k €	+58.1%	436,2 k €	-14.9%	512,4 k €	-8.9%	562,2 k €	+27.6%	440,5 k €	+28.7%	342,1 k €	+33.9%	255,5 k €	-30.1%	365,5 k €	-18.0%	445,6 k €	+3.5%	430,7 k €	-11.5%	486,5 k €	-35.5%	754,9 k €	+46.6%	514,9 k €	+0.5%	512,6 k €	-14.4%	598,6 k €	+37.6%	435,1 k €	-2.8%	447,5 k €	+13.2%	395,3 k €	-9.2%	435,4 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-13.0%	2,3 ETP	-32.4%	3,4 ETP	-15.0%	4,0 ETP	-13.0%	4,6 ETP	-8.0%	5,0 ETP	+6.4%	4,7 ETP	+17.5%	4,0 ETP	-2.4%	4,1 ETP	+2.5%	4,0 ETP	0.0%	4,0 ETP	+5.3%	3,8 ETP	+26.7%	3,0 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 30/06/2025 · 3 active · 11 ended

Active mandates

Kurt WELVAERT

Director · since 26 janvier 1995

Active

Patrick LIPPENS

Director · since 26 janvier 1995

Active

Rita Withoeck

Director · since 26 janvier 1995

Active

Ended mandates

Timothy DE PRAETER

Director · since 01 avril 2013

Ended

TIMOTHY DE PRAETER

Manager · since 01 avril 2013

Ended

TIMOTHY DEPRAETER

Director · since 01 avril 2013

Ended

TIMOTHY DEPRAETER

Manager · since 01 avril 2013

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/10/2025	07/02/2025	02/02/2024	12/01/2023	13/01/2022	14/01/2021
General meeting	06/10/2025	23/01/2025	18/01/2024	17/12/2022	18/12/2021	19/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	06/10/2025	07/10/2025	Dutch	PDF
Abridged model	30/06/2024	23/01/2025	07/02/2025	Dutch	PDF
Abridged model	30/06/2023	18/01/2024	02/02/2024	Dutch	PDF
Abridged model	30/06/2022	17/12/2022	12/01/2023	Dutch	PDF
Abridged model	30/06/2021	18/12/2021	13/01/2022	Dutch	PDF
Abridged model	30/06/2020	19/12/2020	14/01/2021	Dutch	PDF
Abridged model	30/06/2019	07/12/2019	06/01/2020	Dutch	PDF
Abridged model	30/06/2018	01/12/2018	19/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	18/12/2017	Dutch	PDF
Abridged model	30/06/2016	03/12/2016	14/12/2016	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	07/01/2016	Dutch	PDF
Abridged model	30/06/2014	06/12/2014	05/01/2015	Dutch	PDF
Abridged model	30/06/2013	07/12/2013	20/12/2013	Dutch	PDF
Abridged model	30/06/2012	01/12/2012	13/12/2012	Dutch	PDF
Abridged model	30/06/2011	24/12/2011	16/01/2012	Dutch	PDF
Abridged model	30/06/2010	18/12/2010	07/01/2011	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	09/12/2009	Dutch	PDF
Abridged model	30/06/2008	27/12/2008	28/01/2009	Dutch	PDF
Abridged model	30/06/2007	29/12/2007	29/01/2008	Dutch	PDF

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 30/06/2025 · 3 active · 11 ended

Active mandates

Kurt WELVAERT

Director · since 26 janvier 1995

Active

Patrick LIPPENS

Director · since 26 janvier 1995

Active

Rita Withoeck

Director · since 26 janvier 1995

Active

Ended mandates

Timothy DE PRAETER

Director · since 01 avril 2013

Ended

TIMOTHY DE PRAETER

Manager · since 01 avril 2013

Ended

TIMOTHY DEPRAETER

Director · since 01 avril 2013

Ended

TIMOTHY DEPRAETER

Manager · since 01 avril 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/07/2014
KAPITAAL - AANDELEN
PDF
Mandates07/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/04/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2007
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/04/2006
ONTSLAGEN - BENOEMINGEN
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 2025108,9 k €↑
2024
Annual accounts 202449,1 k €↓
2023
Annual accounts 202398,7 k €↑
2022
Annual accounts 202262,8 k €↓
2021
Annual accounts 2021105,8 k €↓
2020
Annual accounts 2020113,9 k €↑
2019
Annual accounts 201962,1 k €↓
2018
Annual accounts 201864,9 k €↓
2017
Annual accounts 201780,9 k €↓
2016
Annual accounts 201687,9 k €↓
2015
Annual accounts 2015100,9 k €↑
2014
Annual accounts 201485,9 k €↑
2013
Annual accounts 201367,7 k €↑
2012
Annual accounts 201230,5 k €↓
2011
Annual accounts 201194,6 k €↓
2010
Annual accounts 2010132 k €↑
2009
Annual accounts 200985,9 k €↓
2008
Annual accounts 200891,5 k €↑
2007
Annual accounts 200790,4 k €
26/01/1995
IncorporationPrivate 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

WELVAERT

Overview

What does WELVAERT do?

Trend over 19 financial years

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