ACTIVE

WAGE

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Financial year 2025 · closed on 31/12/2025

Net result

-13,9 k €

+27.9% YoY

Gross margin

261,2 k €

+0.3% YoY

Equity

4,3 M €

-0.3% YoY

What does WAGE do?

WAGE is a Public limited company incorporated in 1998. Its registered office is in Bilzen-Hoeselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.877.466

Incorporation

13/03/1998

Legal form

Public limited company

Registered office

Maastrichterstraat 200
3740 Bilzen-Hoeselt · FlandreSee on map

Contributed capital

1 090 000,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	261,2 k €	+0.3%	260,4 k €	+46.0%	178,3 k €	-71.7%	630,6 k €	-70.2%	2,1 M €	+1069%	180,9 k €	-73.2%	674,1 k €	+70.3%	395,9 k €	-24.4%	523,6 k €	+312%	127,1 k €	-73.0%	470 k €	+22.5%	383,7 k €	+132%	165,4 k €	-27.4%	228 k €	-45.7%	419,5 k €	-35.0%	645,1 k €	-23.1%	838,9 k €	+116%	389,2 k €	+183%	137,6 k €	-13.6%	159,2 k €
EBITDA	202,9 k €	-11.0%	228 k €	+70.6%	133,7 k €	-77.8%	602,8 k €	-71.3%	2,1 M €	+1401%	139,8 k €	-78.3%	645,5 k €	+74.9%	369,1 k €	-22.9%	478,8 k €	+338%	109,4 k €	-76.1%	457,9 k €	+29.5%	353,6 k €	+155%	138,4 k €	-35.0%	213 k €	-45.9%	394,1 k €	-36.9%	624,1 k €	-10.6%	698,3 k €	+85.0%	377,5 k €	+201%	125,3 k €	-17.0%	151 k €
Operating result	-37,1 k €	-337%	-8,5 k €	+87.1%	-66 k €	-117%	395,1 k €	-79.5%	1,9 M €	+9661%	-20,2 k €	-104%	482,3 k €	+142%	198,9 k €	-31.4%	289,9 k €	+692%	-49 k €	-116%	299,4 k €	+43.3%	209 k €	+1508%	13 k €	-83.7%	79,7 k €	-72.6%	290,3 k €	-47.2%	549,7 k €	-12.7%	630 k €	+104%	308,1 k €	+354%	67,8 k €	-29.7%	96,4 k €
Net result	-13,9 k €	+27.9%	-19,2 k €	-141%	46,4 k €	-90.8%	501,8 k €	-63.9%	1,4 M €	+850%	146,5 k €	-51.9%	304,8 k €	+212%	97,8 k €	-44.6%	176,6 k €	+287%	-94,3 k €	-127%	349,5 k €	+257%	98 k €	+16.8%	83,9 k €	-7.3%	90,5 k €	-45.0%	164,5 k €	-50.9%	335,3 k €	-11.3%	377,8 k €	+224%	116,7 k €	+627%	16 k €	-48.6%	31,2 k €
Balance sheet
Equity	4,3 M €	-0.3%	4,3 M €	-0.4%	4,3 M €	+1.1%	4,3 M €	+13.4%	3,8 M €	+58.9%	2,4 M €	+6.6%	2,2 M €	+15.9%	1,9 M €	+5.4%	1,8 M €	+10.8%	1,6 M €	-5.4%	1,7 M €	+25.3%	1,4 M €	+7.6%	1,3 M €	-1.2%	1,3 M €	+7.5%	1,2 M €	+15.7%	1 M €	+47.3%	709,5 k €	+114%	331,7 k €	+54.3%	215 k €	+8.1%	199 k €
Total assets	6 M €	+1.3%	5,9 M €	-0.3%	6 M €	+1.3%	5,9 M €	+16.9%	5 M €	+19.0%	4,2 M €	-4.3%	4,4 M €	+4.2%	4,2 M €	+8.1%	3,9 M €	+20.7%	3,3 M €	-4.6%	3,4 M €	+8.8%	3,1 M €	+8.8%	2,9 M €	-12.3%	3,3 M €	-5.6%	3,5 M €	-8.3%	3,8 M €	+56.7%	2,4 M €	-33.8%	3,7 M €	+53.7%	2,4 M €	+41.6%	1,7 M €
Cash	1,3 M €	+11.4%	1,2 M €	+124%	525,8 k €	-76.4%	2,2 M €	+61.0%	1,4 M €	+34.1%	1 M €	+97.5%	521,9 k €	+103%	256,8 k €	+721%	31,3 k €	-83.3%	187,2 k €	-45.5%	343,6 k €	+7.3%	320,2 k €	+1008%	28,9 k €	-24.2%	38,2 k €	+271%	10,3 k €	-30.6%	14,8 k €	-5.7%	15,7 k €	-41.3%	26,7 k €	+196%	9 k €	+34.1%	6,7 k €
Debts	1,6 M €	+6.9%	1,5 M €	-1.1%	1,5 M €	+1.1%	1,5 M €	+29.7%	1,2 M €	-33.0%	1,8 M €	-14.2%	2,1 M €	-5.6%	2,2 M €	+8.0%	2 M €	+33.0%	1,5 M €	-3.0%	1,6 M €	-9.6%	1,7 M €	+9.1%	1,6 M €	-13.5%	1,8 M €	-13.6%	2,1 M €	-18.8%	2,6 M €	+64.7%	1,6 M €	-52.2%	3,3 M €	+53.6%	2,2 M €	+46.5%	1,5 M €

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 31/12/2025 · 4 active · 8 ended

Active mandates

Jean-Marie GEURTS

Managing director

Active

Maria Wagemans

Managing director

Active

Michael GEURTS

Director

Active

Steven GEURTS

Director

Active

Ended mandates

Michael Geurts

Director · since 24 février 2022

Ended

Jean-Marie GEURTS

Managing director · since 24 décembre 2013 · until 23 décembre 2019

Ended

Maria WAGEMANS

Managing director · since 24 décembre 2013 · until 23 décembre 2019

Ended

Jean Marie GEURTS

Managing director · since 12 juin 2009 · until 12 juin 2015

Ended

At this address

Other companies at this address

Company	CBE no.
CORION● Active	0756.682.449
GEWA● Active	0889.959.063
IMMO ESTETICO● Active	0442.512.911
WAGE SmartEnergyConstructions● Active	0545.997.360

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	01/01/2025	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	22/07/2026	07/07/2025	16/07/2024	27/07/2023	20/07/2022	13/07/2021
General meeting	22/06/2026	13/06/2025	24/06/2024	30/06/2023	24/06/2022	23/06/2021
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
Abridged model	31/12/2025	22/06/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	23/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	06/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	18/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	09/08/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	16/06/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	18/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	28/06/2007	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 31/12/2025 · 4 active · 8 ended

Active mandates

Jean-Marie GEURTS

Managing director

Active

Maria Wagemans

Managing director

Active

Michael GEURTS

Director

Active

Steven GEURTS

Director

Active

Ended mandates

Michael Geurts

Director · since 24 février 2022

Ended

Jean-Marie GEURTS

Managing director · since 24 décembre 2013 · until 23 décembre 2019

Ended

Maria WAGEMANS

Managing director · since 24 décembre 2013 · until 23 décembre 2019

Ended

Jean Marie GEURTS

Managing director · since 12 juin 2009 · until 12 juin 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares17/01/2012
KAPITAAL - AANDELEN
PDF
Mandates24/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2003
ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
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 2025-13,9 k €↑
2024
Annual accounts 2024-19,2 k €↓
2023
Annual accounts 202346,4 k €↓
2022
Annual accounts 2022501,8 k €↓
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 2020146,5 k €↓
2019
Annual accounts 2019304,8 k €↑
2018
Annual accounts 201897,8 k €↓
2017
Annual accounts 2017176,6 k €↑
2016
Annual accounts 2016-94,3 k €↓
2015
Annual accounts 2015349,5 k €↑
2014
Annual accounts 201498 k €↑
2013
Annual accounts 201383,9 k €↓
2012
Annual accounts 201290,5 k €↓
2011
Annual accounts 2011164,5 k €↓
2010
Annual accounts 2010335,3 k €↓
2009
Annual accounts 2009377,8 k €↑
2008
Annual accounts 2008116,7 k €↑
2007
Annual accounts 200716 k €↓
2006
Annual accounts 200631,2 k €
13/03/1998
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

WAGE

Overview

What does WAGE 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