ACTIVE

RES NULLIUS

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Financial year 2025 · closed on 31/12/2025

Net result

10,1 k €

-44.7% YoY

Gross margin

25,9 k €

-31.5% YoY

Equity

103,1 k €

-18.4% YoY

What does RES NULLIUS do?

RES NULLIUS is a Private limited company incorporated in 1998. Its registered office is in Braine-le-Comte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.554.990

Incorporation

30/01/1998

Legal form

Private limited company

Registered office

Rue Père Damien 1
7090 Braine-le-Comte · WallonieSee on map

Contributed capital

20 000,00 €

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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	25,9 k €	-31.5%	37,8 k €	-15.3%	44,6 k €	-8.4%	48,6 k €	-21.0%	61,6 k €	+81.9%	33,9 k €	-3.8%	35,2 k €	+7.3%	32,8 k €	-29.2%	46,3 k €	+6.1%	43,7 k €	+5.3%	41,5 k €	+4.9%	39,5 k €	-4.7%	41,5 k €	+21.4%	34,2 k €	-1.0%	34,5 k €	+1.7%	34 k €	+3.7%	32,8 k €	-6.1%	34,9 k €
EBITDA	22,6 k €	-34.7%	34,6 k €	-16.7%	41,5 k €	-9.5%	45,8 k €	-22.1%	58,8 k €	+89.0%	31,1 k €	-4.2%	32,5 k €	+7.8%	30,2 k €	-31.1%	43,7 k €	+6.4%	41,1 k €	-0.0%	41,1 k €	+11.0%	37 k €	-5.0%	39 k €	+22.3%	31,9 k €	-1.3%	32,3 k €	+1.6%	31,8 k €	+4.0%	30,6 k €	-6.7%	32,8 k €
Operating result	15,2 k €	-44.0%	27,2 k €	-20.2%	34,1 k €	+18.4%	28,8 k €	-23.5%	37,7 k €	+561%	5,7 k €	-19.5%	7,1 k €	+58.9%	4,5 k €	-75.6%	18,3 k €	-13.8%	21,2 k €	+0.7%	21 k €	+24.1%	16,9 k €	-13.4%	19,5 k €	-0.8%	19,7 k €	-5.5%	20,9 k €	+1.8%	20,5 k €	-2.3%	21 k €	+9.2%	19,2 k €
Net result	10,1 k €	-44.7%	18,2 k €	-17.8%	22,1 k €	+18.0%	18,7 k €	-25.5%	25,2 k €	+590%	3,6 k €	-11.4%	4,1 k €	+58.2%	2,6 k €	-76.2%	10,9 k €	-0.3%	11 k €	-8.2%	11,9 k €	+12.7%	10,6 k €	-20.7%	13,4 k €	+15.8%	11,5 k €	+55.4%	7,4 k €	-31.0%	10,8 k €	+7.9%	10 k €	-26.2%	13,5 k €
Balance sheet
Equity	103,1 k €	-18.4%	126,4 k €	+16.8%	108,2 k €	+25.7%	86,1 k €	-32.6%	127,9 k €	+24.5%	102,7 k €	+3.7%	99,1 k €	+4.3%	94,9 k €	-33.5%	142,7 k €	+8.3%	131,8 k €	+9.1%	120,8 k €	+11.0%	108,9 k €	+127%	47,9 k €	-47.1%	90,5 k €	+14.6%	79 k €	+10.4%	71,6 k €	+17.7%	60,8 k €	+19.6%	50,8 k €
Total assets	116,8 k €	-22.7%	151,1 k €	+6.6%	141,7 k €	-20.3%	177,7 k €	-16.1%	211,9 k €	+18.9%	178,2 k €	+0.5%	177,2 k €	-1.0%	179 k €	-3.8%	186,1 k €	+3.1%	180,6 k €	+1.7%	177,5 k €	-6.7%	190,3 k €	-22.4%	245,2 k €	+42.5%	172 k €	-11.3%	194 k €	+7.5%	180,5 k €	-11.6%	204,2 k €	+29.6%	157,5 k €
Cash	53 k €	-44.2%	95 k €	+19.7%	79,3 k €	-25.9%	107 k €	-15.8%	127,1 k €	+66.9%	76,2 k €	+53.0%	49,8 k €	+66.3%	29,9 k €	+123%	13,4 k €	+48.0%	9,1 k €	+12.2%	8,1 k €	-19.1%	10 k €	-79.2%	48 k €	+68.2%	28,5 k €	-36.9%	45,2 k €	+108%	21,7 k €	-71.7%	76,9 k €	+224%	23,7 k €
Debts	13,7 k €	-44.3%	24,7 k €	-23.0%	32 k €	-65.0%	91,6 k €	+10.6%	82,8 k €	+9.8%	75,5 k €	-3.4%	78,2 k €	-3.8%	81,2 k €	+101%	40,5 k €	-11.8%	45,9 k €	-14.8%	53,8 k €	-31.5%	78,6 k €	-59.6%	194,4 k €	+145%	79,4 k €	-28.0%	110,2 k €	+3.2%	106,8 k €	-24.4%	141,3 k €	+35.1%	104,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

BRUNO WAEGENAERE

Director · since 07 janvier 1998

Active

Ended mandates

BRUNO WAEGENAERE

Manager · since 08 janvier 1998

Ended

BRUNO WAEGENAERE

Manager · since 07 janvier 1998

Ended

BRUNO WAGENAERE

Director · since 07 janvier 1998

Ended

At this address

Other companies at this address

Company	CBE no.
CLOS DE L'ABBAYE DE SAINT-DENIS● Active	0475.513.103
IMMO ATLANTIS● Active	0455.779.640
JUSTCLIC● Active	0841.865.077
LE HEAUME● Active	0427.287.275
Spinsh● Active	1003.189.935
WAEGENAERE et associés● Active	0462.554.891

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	30/07/2026	20/09/2025	23/08/2024	22/08/2023	31/08/2022	23/07/2021
General meeting	02/06/2026	12/09/2025	04/06/2024	06/06/2023	06/06/2022	01/06/2021
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	02/06/2026	30/07/2026	French	PDF
Micro model	31/12/2024	12/09/2025	20/09/2025	French	PDF
Micro model	31/12/2023	04/06/2024	23/08/2024	French	PDF
Micro model	31/12/2022	06/06/2023	22/08/2023	French	PDF
Micro model	31/12/2021	06/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	01/06/2021	23/07/2021	French	PDF
Micro model	31/12/2019	02/06/2020	16/07/2020	French	PDF
Micro model	31/12/2018	04/06/2019	20/06/2019	French	PDF
Micro model	31/12/2017	05/06/2018	26/09/2018	French	PDF
Micro model	31/12/2016	06/06/2017	03/07/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	24/09/2016	French	PDF
Abridged model	31/12/2014	02/06/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	23/07/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	26/07/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	22/08/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	13/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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

BRUNO WAEGENAERE

Director · since 07 janvier 1998

Active

Ended mandates

BRUNO WAEGENAERE

Manager · since 08 janvier 1998

Ended

BRUNO WAEGENAERE

Manager · since 07 janvier 1998

Ended

BRUNO WAGENAERE

Director · since 07 janvier 1998

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares31/07/2018
CAPITAL, ACTIONS
PDF
Mandates18/04/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
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 202510,1 k €↓
2024
Annual accounts 202418,2 k €↓
2023
Annual accounts 202322,1 k €↑
2022
Annual accounts 202218,7 k €↓
2021
Annual accounts 202125,2 k €↑
2020
Annual accounts 20203,6 k €↓
2019
Annual accounts 20194,1 k €↑
2018
Annual accounts 20182,6 k €↓
2017
Annual accounts 201710,9 k €↓
2016
Annual accounts 201611 k €↓
2015
Annual accounts 201511,9 k €↑
2014
Annual accounts 201410,6 k €↓
2013
Annual accounts 201313,4 k €↑
2012
Annual accounts 201211,5 k €↑
2011
Annual accounts 20117,4 k €↓
2010
Annual accounts 201010,8 k €↑
2009
Annual accounts 200910 k €↓
2008
Annual accounts 200813,5 k €
30/01/1998
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

RES NULLIUS

Overview

What does RES NULLIUS 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