ACTIVE

WATHELET - HERMANS

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Financial year 2025 · closed on 30/06/2025

Net result

183,4 k €

-21.9% YoY

Gross margin

603,9 k €

-13.0% YoY

Equity

437,9 k €

+5.6% YoY

Workforce

6,6 ETP

+11.9% YoY

What does WATHELET - HERMANS do?

WATHELET - HERMANS is a Private limited company incorporated in 1995. Its registered office is in Villers-le-Bouillet. It employs on average 6,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.630.783

Incorporation

01/03/1995

Legal form

Private limited company

Registered office

Rue de la Science 18
4530 Villers-le-Bouillet · WallonieSee on map

Contributed capital

25 000,00 €

Latest accounts

30/06/2025

Average workforce

6,6 ETP

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	603,9 k €	-13.0%	694,2 k €	+13.3%	612,6 k €	-5.8%	650,6 k €	+26.9%	512,9 k €	+5.9%	484,2 k €	-14.1%	563,8 k €	+8.8%	518,4 k €	+5.4%	491,7 k €	-6.1%	523,7 k €	+41.8%	369,4 k €	-7.1%	397,7 k €	+27.0%	313,1 k €	-7.8%	339,6 k €	-13.8%	394 k €	+13.0%	348,7 k €	+23.6%	282 k €	-35.8%	439,3 k €
EBITDA	331,5 k €	-17.0%	399,3 k €	+5.5%	378,3 k €	+6.1%	356,6 k €	+18.0%	302,1 k €	+21.0%	249,8 k €	+22.2%	204,5 k €	+44.9%	141,2 k €	-4.5%	147,8 k €	-37.9%	237,9 k €	+70.9%	139,2 k €	-28.7%	195,2 k €	+31.2%	148,8 k €	-16.6%	178,4 k €	-23.5%	233,2 k €	+12.0%	208,2 k €	+35.8%	153,3 k €	-56.2%	350,1 k €
Operating result	260,1 k €	-22.6%	335,9 k €	-5.3%	354,5 k €	+28.7%	275,3 k €	+22.8%	224,3 k €	+59.0%	141,1 k €	+1041%	-15 k €	-293%	7,8 k €	-80.3%	39,3 k €	-70.3%	132,6 k €	+52.2%	87,1 k €	-39.8%	144,8 k €	+56.1%	92,8 k €	+3.3%	89,8 k €	-27.3%	123,5 k €	+44.1%	85,7 k €	+170%	31,7 k €	-85.5%	218,4 k €
Net result	183,4 k €	-21.9%	234,7 k €	-10.4%	261,9 k €	-18.2%	320,3 k €	+245%	93 k €	+11.1%	83,7 k €	-84.9%	555,3 k €	+1999%	26,5 k €	-45.6%	48,6 k €	-56.3%	111,3 k €	+33.3%	83,5 k €	+41.6%	58,9 k €	+0.3%	58,8 k €	+121%	26,6 k €	-64.6%	75 k €	+93.7%	38,7 k €	+2016%	1,8 k €	-98.4%	114,4 k €
Balance sheet
Equity	437,9 k €	+5.6%	414,5 k €	-29.1%	584,8 k €	+32.0%	443 k €	+41.6%	312,8 k €	+42.3%	219,8 k €	-69.1%	710,5 k €	-31.0%	1 M €	-0.6%	1 M €	-0.3%	1 M €	+6.1%	980,3 k €	+1.8%	962,6 k €	+62.8%	591,2 k €	+4.6%	565 k €	+1.3%	557,7 k €	+7.2%	520 k €	+3.6%	502 k €	+197%	169,1 k €
Total assets	995,7 k €	-8.1%	1,1 M €	-6.8%	1,2 M €	-9.1%	1,3 M €	+8.5%	1,2 M €	-8.8%	1,3 M €	-47.6%	2,5 M €	+4.6%	2,4 M €	+0.1%	2,4 M €	+12.9%	2,1 M €	+17.4%	1,8 M €	+0.8%	1,8 M €	+35.6%	1,3 M €	+3.7%	1,3 M €	-6.5%	1,3 M €	-3.5%	1,4 M €	-2.6%	1,4 M €	+60.4%	890 k €
Cash	61,1 k €	-68.7%	195 k €	+69.6%	115 k €	+4.1%	110,4 k €	+252%	31,4 k €	-24.7%	41,7 k €	-5.3%	44 k €	+133%	18,9 k €	+15623%	120 €	-99.6%	29,1 k €	+23.4%	23,6 k €	+28.8%	18,3 k €	-27.0%	25,1 k €	+2582%	937 €	+155%	367 €	+482%	63 €	-97.0%	2,1 k €	+236%	628,2 €
Debts	556,9 k €	-16.6%	667,3 k €	+15.6%	577,3 k €	-29.1%	813,9 k €	-6.0%	865,8 k €	-19.2%	1,1 M €	-38.1%	1,7 M €	+32.1%	1,3 M €	+0.9%	1,3 M €	+27.0%	1 M €	+33.2%	767,8 k €	-0.2%	769,3 k €	+14.0%	674,7 k €	+3.8%	650,3 k €	-11.8%	737,3 k €	-9.7%	816,3 k €	-5.8%	866,7 k €	+33.4%	649,9 k €
Other
Workforce	6,6 ETP	+11.9%	5,9 ETP	+18.0%	5,0 ETP	-33.3%	7,5 ETP	+36.4%	5,5 ETP	+5.8%	5,2 ETP	-8.8%	5,7 ETP	-1.7%	5,8 ETP	+1.8%	5,7 ETP	+7.5%	5,3 ETP	+35.9%	3,9 ETP	+18.2%	3,3 ETP	-26.7%	4,5 ETP	+9.8%	4,1 ETP	+7.9%	3,8 ETP	+8.6%	3,5 ETP	-10.3%	3,9 ETP	+50.0%	2,6 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 · 6 ended

Active mandates

CW GESTION

Director · since 25 juin 2018 · 0695.928.775

Represented by Wathelet CHARLOTTE

Active

Luc Wathelet

Director · since 05 janvier 1996

Active

Monique Hermans

Director · since 01 mars 1995

Active

Ended mandates

CW GESTION

Director · since 25 juin 2018 · 0695.928.775

Represented by CHARLOTTE WATHELET

Ended

CW GESTION

Manager · since 25 juin 2018 · 0695.928.775

Represented by Charlotte WATHELET

Ended

CHARLOTTE WATHELET

Director · since 02 avril 2012 · until 15 octobre 2019

Ended

CHARLOTTE WATHELET

Manager · since 02 avril 2012

Ended

At this address

Other companies at this address

Company	CBE no.
CW GESTION● Active	0695.928.775
WATH● Active	0561.780.745
WHIMM● Active	0898.957.297
WH SHOP● Active	0784.955.474

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	04/12/2025	18/12/2024	17/11/2023	21/12/2022	03/11/2021	19/11/2020
General meeting	10/11/2025	03/12/2024	31/10/2023	12/12/2022	19/10/2021	20/10/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	10/11/2025	04/12/2025	French	PDF
Abridged model	30/06/2024	03/12/2024	18/12/2024	French	PDF
Abridged model	30/06/2023	31/10/2023	17/11/2023	French	PDF
Abridged model	30/06/2022	12/12/2022	21/12/2022	French	PDF
Abridged model	30/06/2021	19/10/2021	03/11/2021	French	PDF
Abridged model	30/06/2020	20/10/2020	19/11/2020	French	PDF
Abridged modelCorrection	30/06/2019	15/10/2019	12/12/2019	French	PDF
Abridged model	30/06/2019	15/10/2019	25/11/2019	French	PDF
Abridged model	30/06/2018	16/10/2018	31/10/2018	French	PDF
Abridged model	30/06/2017	17/10/2017	29/11/2017	French	PDF
Abridged model	30/06/2016	18/10/2016	04/11/2016	French	PDF
Abridged model	30/06/2015	20/10/2015	21/10/2015	French	PDF
Abridged model	30/06/2014	21/10/2014	03/11/2014	French	PDF
Abridged model	30/06/2013	15/10/2013	30/10/2013	French	PDF
Abridged model	30/06/2012	16/10/2012	24/10/2012	French	PDF
Abridged model	30/06/2011	18/10/2011	04/11/2011	French	PDF
Abridged model	30/06/2010	19/10/2010	15/11/2010	French	PDF
Abridged model	30/06/2009	20/10/2009	03/11/2009	French	PDF
Abridged model	30/06/2008	05/08/2008	06/08/2008	French	PDF
Abridged model	30/06/2007	13/08/2007	21/08/2007	French	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 · 6 ended

Active mandates

CW GESTION

Director · since 25 juin 2018 · 0695.928.775

Represented by Wathelet CHARLOTTE

Active

Luc Wathelet

Director · since 05 janvier 1996

Active

Monique Hermans

Director · since 01 mars 1995

Active

Ended mandates

CW GESTION

Director · since 25 juin 2018 · 0695.928.775

Represented by CHARLOTTE WATHELET

Ended

CW GESTION

Manager · since 25 juin 2018 · 0695.928.775

Represented by Charlotte WATHELET

Ended

CHARLOTTE WATHELET

Director · since 02 avril 2012 · until 15 octobre 2019

Ended

CHARLOTTE WATHELET

Manager · since 02 avril 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates22/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates29/11/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2018
DEMISSIONS, NOMINATIONS
PDF
Restructuring07/08/2018
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring28/05/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares02/01/2018
CAPITAL, ACTIONS
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 2025183,4 k €↓
2024
Annual accounts 2024234,7 k €↓
2023
Annual accounts 2023261,9 k €↓
2022
Annual accounts 2022320,3 k €↑
2021
Annual accounts 202193 k €↑
2020
Annual accounts 202083,7 k €↓
2018
Annual accounts 2018555,3 k €↑
2017
Annual accounts 201726,5 k €↓
2016
Annual accounts 201648,6 k €↓
2015
Annual accounts 2015111,3 k €↑
2014
Annual accounts 201483,5 k €↑
2013
Annual accounts 201358,9 k €↑
2012
Annual accounts 201258,8 k €↑
2011
Annual accounts 201126,6 k €↓
2010
Annual accounts 201075 k €↑
2009
Annual accounts 200938,7 k €↑
2008
Annual accounts 20081,8 k €↓
2007
Annual accounts 2007114,4 k €
01/03/1995
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

WATHELET - HERMANS

Overview

What does WATHELET - HERMANS do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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