ACTIVE

ERWAL

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Financial year 2025 · closed on 31/12/2025

Net result

20,5 k €

-78.7% YoY

Gross margin

92,3 k €

-54.5% YoY

Equity

1,3 M €

+1.6% YoY

What does ERWAL do?

ERWAL is a Public limited company incorporated in 1996. Its registered office is in Beveren-Kruibeke-Zwijndrecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.887.105

Incorporation

26/09/1996

Legal form

Public limited company

Registered office

Spoorweglaan(MEL) 9
9120 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

347 050,93 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	92,3 k €	-54.5%	202,8 k €	+10.3%	183,9 k €	+14.2%	161 k €	+7.3%	150,1 k €	+18.0%	127,1 k €	-6.0%	135,3 k €	+29.6%	104,4 k €	-20.8%	131,8 k €	-1.4%	133,7 k €	+12.5%	118,9 k €	+2.1%	116,4 k €	+3.3%	112,7 k €	+25.1%	90,1 k €	-14.1%	104,9 k €	-2.2%	107,2 k €	+11.8%	95,9 k €	+10.0%	87,1 k €
EBITDA	64,8 k €	-63.6%	178,2 k €	+11.3%	160,1 k €	+16.6%	137,3 k €	+4.7%	131,2 k €	+15.8%	113,2 k €	-6.4%	121 k €	+33.1%	90,9 k €	-23.0%	118,1 k €	-2.8%	121,4 k €	+3.3%	117,6 k €	+2.2%	115,1 k €	+3.3%	111,4 k €	-2.1%	113,9 k €	+24.9%	91,2 k €	-14.0%	106 k €	+29.0%	82,2 k €	-4.4%	85,9 k €
Operating result	37 k €	-73.2%	138 k €	+4.8%	131,7 k €	+44.3%	91,3 k €	-27.0%	125 k €	+10.4%	113,2 k €	-6.4%	121 k €	+33.1%	90,9 k €	-23.0%	118,1 k €	-2.8%	121,4 k €	+9.1%	111,3 k €	+7.3%	103,7 k €	+3.7%	100,1 k €	+5.2%	95,1 k €	+32.0%	72,1 k €	-17.1%	86,9 k €	+48.9%	58,4 k €	-6.5%	62,4 k €
Net result	20,5 k €	-78.7%	96,4 k €	+7.5%	89,7 k €	+46.6%	61,2 k €	-35.3%	94,6 k €	+30.6%	72,4 k €	-0.9%	73,1 k €	+39.7%	52,3 k €	-37.6%	83,9 k €	-17.8%	102,1 k €	-33.2%	152,7 k €	+87.5%	81,5 k €	+3.2%	79 k €	+0.4%	78,7 k €	+21.6%	64,7 k €	+14.3%	56,6 k €	+11.3%	50,8 k €	+31.1%	38,8 k €
Balance sheet
Equity	1,3 M €	+1.6%	1,3 M €	+8.1%	1,2 M €	+8.1%	1,1 M €	+5.9%	1 M €	+17.2%	890,3 k €	-0.3%	892,9 k €	-2.9%	919,8 k €	+6.0%	867,5 k €	-1.8%	883,6 k €	-12.3%	1 M €	-6.3%	1,1 M €	-1.7%	1,1 M €	-10.0%	1,2 M €	+6.9%	1,1 M €	+6.0%	1,1 M €	+5.6%	1 M €	+5.3%	964,2 k €
Total assets	1,8 M €	+0.9%	1,8 M €	+0.1%	1,8 M €	-4.0%	1,8 M €	+74.4%	1,1 M €	+7.4%	979,5 k €	-6.8%	1,1 M €	+6.1%	990,2 k €	-2.3%	1 M €	-3.2%	1 M €	+0.4%	1 M €	-3.3%	1,1 M €	-1.6%	1,1 M €	-9.8%	1,2 M €	+4.2%	1,2 M €	+7.1%	1,1 M €	-4.4%	1,1 M €	-4.5%	1,2 M €
Cash	105,8 k €	+21.6%	87 k €	-25.9%	117,4 k €	-24.1%	154,7 k €	+120%	70,2 k €	+57.1%	44,7 k €	-62.8%	120,1 k €	+112%	56,7 k €	-32.1%	83,5 k €	-1.5%	84,8 k €	+20.9%	70,1 k €	+13.9%	61,6 k €	-8.5%	67,3 k €	-61.4%	174,3 k €	+74.5%	99,9 k €	+1084%	8,4 k €	-44.6%	15,2 k €	-63.2%	41,4 k €
Debts	468,8 k €	-0.9%	473,1 k €	-16.6%	567 k €	-22.3%	730 k €	+8150%	8,8 k €	-90.1%	89,2 k €	-43.4%	157,7 k €	+146%	64,1 k €	-38.7%	104,5 k €	-14.2%	121,8 k €		–		3,6 k €	+55.7%	2,3 k €		–		4,3 k €	-1.8%	4,4 k €	-96.1%	111,4 k €	-51.3%	228,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 24 ended

Active mandates

WIZCO

Director · 0876.842.287

Represented by Koenraad DE RYCKE

Active

Ended mandates

Jo De Rycke

Director · since 08 avril 2022 · until 17 mai 2028

Ended

Nathalie Zegers

Director · since 30 juin 2020 · until 08 avril 2022

Ended

Nathalie Zegers

Director · since 30 juin 2020 · until 15 août 2026

Ended

WIZCO

Director · since 30 juin 2020 · until 15 août 2026 · 0876.842.287

Represented by Koenraad DE RYCKE

Ended

At this address

Other companies at this address

Company	CBE no.
MEDAME● Active	1040.327.275
WIZCO● Active	0876.842.287

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	08/07/2026	11/07/2025	11/07/2024	28/06/2023	23/06/2022	14/07/2021
General meeting	30/06/2026	27/06/2025	10/07/2024	19/05/2023	16/05/2022	11/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	08/07/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	11/07/2025	Dutch	PDF
Micro model	31/12/2023	10/07/2024	11/07/2024	Dutch	PDF
Micro model	31/12/2022	19/05/2023	28/06/2023	Dutch	PDF
Micro model	31/12/2021	16/05/2022	23/06/2022	Dutch	PDF
Micro model	31/12/2020	11/06/2021	14/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	14/07/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	16/07/2019	Dutch	PDF
Micro model	31/12/2017	07/06/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	25/09/2017	22/11/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	13/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	17/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	04/06/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	12/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 24 ended

Active mandates

WIZCO

Director · 0876.842.287

Represented by Koenraad DE RYCKE

Active

Ended mandates

Jo De Rycke

Director · since 08 avril 2022 · until 17 mai 2028

Ended

Nathalie Zegers

Director · since 30 juin 2020 · until 08 avril 2022

Ended

Nathalie Zegers

Director · since 30 juin 2020 · until 15 août 2026

Ended

WIZCO

Director · since 30 juin 2020 · until 15 août 2026 · 0876.842.287

Represented by Koenraad DE RYCKE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/04/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2003
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 202520,5 k €↓
2024
Annual accounts 202496,4 k €↑
2023
Annual accounts 202389,7 k €↑
2022
Annual accounts 202261,2 k €↓
2021
Annual accounts 202194,6 k €↑
2018
Annual accounts 201872,4 k €↓
2017
Annual accounts 201773,1 k €↑
2016
Annual accounts 201652,3 k €↓
2015
Annual accounts 201583,9 k €↓
2014
Annual accounts 2014102,1 k €↓
2013
Annual accounts 2013152,7 k €↑
2012
Annual accounts 201281,5 k €↑
2011
Annual accounts 201179 k €↑
2010
Annual accounts 201078,7 k €↑
2009
Annual accounts 200964,7 k €↑
2008
Annual accounts 200856,6 k €↑
2007
Annual accounts 200750,8 k €↑
2006
Annual accounts 200638,8 k €
26/09/1996
IncorporationPublic 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

ERWAL

Overview

What does ERWAL 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