ACTIVE

WaSae

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Financial year 2025 · closed on 31/12/2025

Net result

5 k €

-89.0% YoY

Gross margin

69,7 k €

-46.7% YoY

Equity

345 k €

+1.5% YoY

What does WaSae do?

WaSae is a Private limited company incorporated in 1997. Its main activity is: Activities of sports clubs. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.959.638

Incorporation

04/07/1997

Legal form

Private limited company

Registered office

Melkspinde 16 box 42
9310 Aalst · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

93122Activities of sports clubs· main 93122Activities of sports clubs 62020Computer consultancy activities 62200Computer programming, consultancy and related activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	69,7 k €	-46.7%	130,8 k €	+7.9%	121,2 k €	-11.8%	137,3 k €	+2.5%	134 k €	+55.6%	86,1 k €	-32.7%	128 k €	+128%	56,2 k €	-50.8%	114,1 k €	-62.2%	301,9 k €	+1215%	23 k €	-1.3%	23,3 k €	+0.3%	23,2 k €	+1191%	1,8 k €	+124%	-7,5 k €	-121%	35,8 k €	-20.7%	45,2 k €	+2.7%	44 k €	+27.2%	34,6 k €	-28.9%	48,6 k €
EBITDA	66,3 k €	-48.4%	128,3 k €	+8.0%	118,8 k €	-12.0%	135,1 k €	+2.1%	132,4 k €	+56.9%	84,4 k €	-32.8%	125,5 k €	+129%	54,8 k €	-51.1%	111,9 k €	-62.8%	301,3 k €	+1346%	20,8 k €	-7.3%	22,5 k €	+1.7%	22,1 k €	+1198%	1,7 k €	+118%	-9,6 k €	-131%	30,9 k €	+25.5%	24,6 k €	+12.2%	21,9 k €	+53.8%	14,3 k €	-48.4%	27,7 k €
Operating result	19,7 k €	-71.9%	70,1 k €	-3.5%	72,7 k €	-19.6%	90,4 k €	+3.6%	87,2 k €	+109%	41,8 k €	-54.1%	91,1 k €	+125%	40,5 k €	-60.6%	102,8 k €	-64.7%	291,1 k €	+2473%	11,3 k €	-11.6%	12,8 k €	-5.6%	13,6 k €	+338%	-5,7 k €	+40.8%	-9,6 k €	-179%	12,2 k €	+221%	3,8 k €	+272%	-2,2 k €	+77.3%	-9,7 k €	-394%	3,3 k €
Net result	5 k €	-89.0%	45,3 k €	-4.9%	47,6 k €	-42.4%	82,6 k €	+14.7%	72 k €	+305%	17,8 k €	-77.9%	80,4 k €	+198%	27 k €	-66.6%	80,8 k €	-54.6%	178 k €	+3689%	4,7 k €	+2.5%	4,6 k €	-66.0%	13,5 k €	+335%	-5,7 k €	-19.1%	-4,8 k €	-885%	614,7 €	+111%	-5,7 k €	+43.1%	-9,9 k €	+47.1%	-18,8 k €	-55.1%	-12,1 k €
Balance sheet
Equity	345 k €	+1.5%	340,1 k €	+10.8%	306,8 k €	+18.4%	259,1 k €	-13.8%	300,8 k €	+17.6%	255,7 k €	+7.5%	238 k €	+28.9%	184,6 k €	+7.6%	171,6 k €	+48.2%	115,9 k €	+286%	-62,2 k €	+7.0%	-66,9 k €	+6.4%	-71,5 k €	+15.9%	-84,9 k €	-7.3%	-79,2 k €	-6.5%	-74,4 k €	+0.8%	-75 k €	-8.2%	-69,3 k €	-16.8%	-59,4 k €	-46.4%	-40,6 k €
Total assets	468 k €	-5.0%	492,7 k €	-6.9%	529,1 k €	-20.1%	661,8 k €	+6.5%	621,6 k €	+4.1%	596,9 k €	-8.5%	652,2 k €	+115%	302,8 k €	+7.4%	282 k €	-13.0%	324,3 k €	+480%	55,9 k €	-21.1%	70,9 k €	-10.7%	79,3 k €	+20.4%	65,9 k €	+710604%	9,3 €	-100.0%	165,8 k €	-11.3%	186,8 k €	-13.1%	215,1 k €	-6.4%	229,8 k €	-8.6%	251,5 k €
Cash	96 k €	-10.4%	107,1 k €	-25.6%	143,9 k €	-24.6%	190,8 k €	+9.3%	174,7 k €	+42.2%	122,9 k €	-56.3%	281,2 k €	+195%	95,5 k €	-20.1%	119,6 k €	+182%	42,3 k €	+237%	12,6 k €	-18.9%	15,5 k €	-19.4%	19,2 k €	+91.9%	10 k €	+108101%	9,3 €	-99.8%	4,8 k €	-3.2%	5 k €	+12.5%	4,4 k €	-4.9%	4,7 k €	-24.3%	6,1 k €
Debts	119,1 k €	-22.0%	152,7 k €	-30.7%	220,3 k €	-43.8%	392,3 k €	+27.2%	308,3 k €	-9.6%	341,2 k €	-17.5%	413,4 k €	+271%	111,3 k €	+1.7%	109,5 k €	-47.2%	207,5 k €	+77.0%	117,3 k €	-10.4%	130,9 k €	-12.7%	149,9 k €	-0.0%	150 k €	+89.4%	79,2 k €	-66.6%	237,1 k €	-8.8%	259,8 k €	-8.0%	282,4 k €	-1.4%	286,4 k €	-1.5%	290,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP	-55.6%	0,9 ETP	0.0%	0,9 ETP	-25.0%	1,2 ETP	+33.3%	0,9 ETP

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 · 3 ended

Active mandates

Walter Saerens

Director

Active

Ended mandates

FRANKY DE COCK

Manager

Ended

HARRY DE COCK

Manager

Ended

Walter Saerens

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Enforma Beweegpraktijk● Active	1034.357.025

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	05/08/2026	30/07/2025	30/09/2024	24/08/2023	31/08/2022	31/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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	19/06/2026	05/08/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	30/07/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	30/09/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	24/08/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	29/10/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	28/08/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	22/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	21/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	05/09/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	02/07/2007	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 · 3 ended

Active mandates

Walter Saerens

Director

Active

Ended mandates

FRANKY DE COCK

Manager

Ended

HARRY DE COCK

Manager

Ended

Walter Saerens

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office03/09/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/02/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/07/2016
BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other14/03/2012
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/01/2012
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2004
ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates24/12/2003
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20255 k €↓
2024
Annual accounts 202445,3 k €↓
2023
Annual accounts 202347,6 k €↓
2022
Annual accounts 202282,6 k €↑
2021
Annual accounts 202172 k €↑
2020
Annual accounts 202017,8 k €↓
2019
Annual accounts 201980,4 k €↑
2018
Annual accounts 201827 k €↓
2017
Annual accounts 201780,8 k €↓
2016
Annual accounts 2016178 k €↑
2015
Annual accounts 20154,7 k €↑
2014
Annual accounts 20144,6 k €↓
2013
Annual accounts 201313,5 k €↑
2012
Annual accounts 2012-5,7 k €↓
2011
Annual accounts 2011-4,8 k €↓
2010
Annual accounts 2010614,7 €↑
2009
Annual accounts 2009-5,7 k €↑
2008
Annual accounts 2008-9,9 k €↑
2007
Annual accounts 2007-18,8 k €↓
2006
Annual accounts 2006-12,1 k €
04/07/1997
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

WaSae

Overview

What does WaSae do?

Trend over 20 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