WALDING
0465.963.353 · rovalta.com · 22/09/2026
ACTIVE
WALDING
Financial year 2025 · closed on 31/12/2025
Net result
391,4 k €
-67.6% YoY
Revenue
1,6 M €
+44.1% YoY
Equity
23,1 M €
+1.7% YoY
Workforce
11,8 ETP
+21.6% YoY
Overview
What does WALDING do?
WALDING is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 11,8 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0465.963.353
Incorporation
27/04/1999
Legal form
Public limited company
Registered office
Heirbaan 395
9150 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
9150 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital
10 762 964,60 €
Latest accounts
31/12/2025
Average workforce
11,8 ETP
Activities (NACE)
Joint committees (3)
- 100
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 1,6 M € | +44.1% | 1,1 M € | -1.6% | 1,1 M € | +2.9% | 1,1 M € | +25.5% | 860,5 k € | -19.5% | 1,1 M € | +7.4% | 994,8 k € | -12.7% | 1,1 M € | -24.2% | 1,5 M € | +24.1% | 1,2 M € | +8.8% | 1,1 M € | +3.1% | 1,1 M € | -0.7% | 1,1 M € | +47.0% | 740,4 k € | +61.4% | 458,6 k € | +17.6% | 389,9 k € | -21.1% | 494,4 k € | +183% | 174,9 k € |
| EBITDA | 475,7 k € | +84.7% | 257,6 k € | -29.6% | 366,2 k € | -32.9% | 545,7 k € | +51.8% | 359,4 k € | -22.6% | 464,6 k € | -28.9% | 653,4 k € | -20.6% | 822,8 k € | -25.9% | 1,1 M € | +61.4% | 688,4 k € | +16.6% | 590,5 k € | +4.6% | 564,4 k € | +12.0% | 503,9 k € | -7.0% | 541,6 k € | +36.8% | 395,8 k € | +119% | 180,6 k € | +280% | -100,1 k € | -764% | -11,6 k € |
| Operating result | 401,9 k € | +121% | 182,1 k € | -35.2% | 281 k € | -38.3% | 455,3 k € | +67.3% | 272,1 k € | -24.4% | 359,9 k € | -46.2% | 668,5 k € | -8.4% | 729,6 k € | -9.3% | 804,2 k € | +111% | 381,2 k € | +31.6% | 289,6 k € | +47.7% | 196,1 k € | -20.9% | 248,1 k € | -47.2% | 469,4 k € | +42.2% | 330,1 k € | +85.3% | 178,2 k € | +430% | 33,6 k € | +337% | -14,1 k € |
| Net result | 391,4 k € | -67.6% | 1,2 M € | +458% | 216,2 k € | -93.6% | 3,4 M € | +127% | 1,5 M € | +261% | 410,1 k € | -34.2% | 623 k € | -26.7% | 849,7 k € | -78.8% | 4 M € | +298% | -2 M € | -2908% | 72,1 k € | +693% | 9,1 k € | -78.5% | 42,2 k € | -74.9% | 168,2 k € | -14.2% | 196,1 k € | +28.9% | 152,2 k € | -22.0% | 195 k € | -22.1% | 250,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 23,1 M € | +1.7% | 22,8 M € | +5.6% | 21,5 M € | +1.0% | 21,3 M € | +18.7% | 18 M € | +9.0% | 16,5 M € | +2.6% | 16,1 M € | +4.0% | 15,4 M € | +5.8% | 14,6 M € | +37.8% | 10,6 M € | -16.0% | 12,6 M € | +198% | 4,2 M € | +0.2% | 4,2 M € | +1.0% | 4,2 M € | +4.2% | 4 M € | +5.1% | 3,8 M € | +4.2% | 3,7 M € | -19.6% | 4,6 M € |
| Total assets | 23,6 M € | -4.9% | 24,8 M € | +4.8% | 23,7 M € | +0.9% | 23,5 M € | +23.7% | 19 M € | -2.9% | 19,5 M € | -1.9% | 19,9 M € | +0.2% | 19,9 M € | +5.3% | 18,9 M € | -3.9% | 19,6 M € | -9.9% | 21,8 M € | +62.6% | 13,4 M € | +27.4% | 10,5 M € | +13.8% | 9,3 M € | -2.1% | 9,4 M € | +115% | 4,4 M € | -4.0% | 4,6 M € | -18.0% | 5,6 M € |
| Cash | 68,2 k € | +16.1% | 58,7 k € | +275% | 15,7 k € | -83.9% | 97,6 k € | -53.6% | 210,2 k € | +44.0% | 146 k € | +931% | 14,2 k € | +157% | 5,5 k € | -71.6% | 19,4 k € | +82.3% | 10,6 k € | -68.9% | 34,2 k € | -40.4% | 57,4 k € | +125% | 25,5 k € | +744% | 3 k € | -92.3% | 39,4 k € | +1766% | 2,1 k € | -96.5% | 60,5 k € | +5796% | 1 k € |
| Debts | 411,4 k € | -79.6% | 2 M € | -2.0% | 2,1 M € | -1.8% | 2,1 M € | +113% | 981,9 k € | -67.6% | 3 M € | -20.6% | 3,8 M € | -13.4% | 4,4 M € | +3.6% | 4,3 M € | -52.8% | 9 M € | -1.1% | 9,1 M € | +0.1% | 9,1 M € | +45.5% | 6,3 M € | +24.6% | 5 M € | -4.4% | 5,3 M € | +3151% | 161,9 k € | -57.7% | 382,3 k € | -56.3% | 875,3 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 11,8 ETP | +21.6% | 9,7 ETP | +32.9% | 7,3 ETP | +14.1% | 6,4 ETP | +8.5% | 5,9 ETP | -1.7% | 6,0 ETP | +25.0% | 4,8 ETP | -9.4% | 5,3 ETP | +1.9% | 5,2 ETP | -5.5% | 5,5 ETP | -24.7% | 7,3 ETP | -1.4% | 7,4 ETP | +5.7% | 7,0 ETP | +1.4% | 6,9 ETP | +40.8% | 4,9 ETP | +11.4% | 4,4 ETP | -18.5% | 5,4 ETP | +92.9% | 2,8 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 17 ended
Active mandates
Arnold Hertsens
ActiveHilde Verhelst
ActiveEnded mandates
Arnold Hertsens
EndedHilde Verhelst
EndedArnold Hertsens
EndedHilde Verhelst
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
AFC Hertsens● Active | 1002.337.226 |
Blitz Power● Active | 0768.661.454 |
CHARBEL● Active | 0451.235.585 |
Hertsens● Active | 0506.690.485 |
Hertsens Beheer● Active | 0627.895.450 |
Hertsens West● Active | 0465.880.211 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/10/2019 |
| 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 | 15 months |
| Filing date | 12/06/2026 | 04/08/2025 | 31/08/2024 | 30/08/2023 | 30/06/2022 | 30/06/2021 |
| General meeting | 26/05/2026 | 30/06/2025 | 19/08/2024 | 24/08/2023 | 30/05/2022 | 31/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 26/05/2026 | 12/06/2026 | Dutch | |
| Full model | 31/12/2024 | 30/06/2025 | 04/08/2025 | Dutch | |
| Full model | 31/12/2023 | 19/08/2024 | 31/08/2024 | Dutch | |
| Full model | 31/12/2022 | 24/08/2023 | 30/08/2023 | Dutch | |
| Full model | 31/12/2021 | 30/05/2022 | 30/06/2022 | Dutch | |
| Full model | 31/12/2020 | 31/05/2021 | 30/06/2021 | Dutch | |
| Full model | 30/09/2019 | 13/03/2020 | 10/04/2020 | Dutch | |
| Full model | 30/09/2018 | 15/02/2019 | 15/03/2019 | Dutch | |
| Full model | 30/09/2017 | 16/02/2018 | 14/03/2018 | Dutch | |
| Full model | 30/09/2016 | 17/02/2017 | 17/03/2017 | Dutch | |
| Full model | 30/09/2015 | 19/02/2016 | 17/03/2016 | Dutch | |
| Full model | 30/09/2014 | 20/02/2015 | 20/03/2015 | Dutch | |
| Full model | 30/09/2013 | 21/02/2014 | 21/03/2014 | Dutch | |
| Full model | 30/09/2012 | 15/02/2013 | 26/03/2013 | Dutch | |
| Abridged model | 30/09/2011 | 17/02/2012 | 29/02/2012 | Dutch | |
| Abridged model | 30/09/2010 | 18/02/2011 | 01/03/2011 | Dutch | |
| Abridged model | 30/09/2009 | 19/02/2010 | 17/03/2010 | Dutch | |
| Abridged model | 30/09/2008 | 13/03/2009 | 08/04/2009 | Dutch | |
| Abridged model | 30/09/2007 | 28/03/2008 | 28/04/2008 | Dutch | |
| Abridged model | 30/09/2006 | 26/03/2007 | 30/03/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 17 ended
Active mandates
Arnold Hertsens
ActiveHilde Verhelst
ActiveEnded mandates
Arnold Hertsens
EndedHilde Verhelst
EndedArnold Hertsens
EndedHilde Verhelst
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates15/09/2026Hernieuwing bestuurdersmandaten
- Mandates18/12/2025ONTSLAGEN - BENOEMINGEN
- Mandates02/10/2020ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Mandates11/04/2017ONTSLAGEN - BENOEMINGEN
- Capital / shares03/02/2015KAPITAAL - AANDELEN
- Mandates11/04/2011ONTSLAGEN - BENOEMINGEN
- Mandates19/05/2009KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
- Restructuring20/10/2008RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025391,4 k €↓
- 2024Annual accounts 20241,2 M €↑
- 2023Annual accounts 2023216,2 k €↓
- 2022Annual accounts 20223,4 M €↑
- 2021Annual accounts 20211,5 M €↑
- 2020Annual accounts 2020410,1 k €↓
- 2019Annual accounts 2019623 k €↓
- 2018Annual accounts 2018849,7 k €↓
- 2017Annual accounts 20174 M €↑
- 2016Annual accounts 2016-2 M €↓
- 2015Annual accounts 201572,1 k €↑
- 2014Annual accounts 20149,1 k €↓
- 2013Annual accounts 201342,2 k €↓
- 2012Annual accounts 2012168,2 k €↓
- 2011Annual accounts 2011196,1 k €↑
- 2010Annual accounts 2010152,2 k €↓
- 2009Annual accounts 2009195 k €↓
- 2007Annual accounts 2007250,3 k €
- 27/04/1999IncorporationPublic limited company