ACTIVE

WFS

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Financial year 2025 · closed on 30/09/2025

Net result

51,9 k €

+17.6% YoY

Gross margin

77,2 k €

+41.7% YoY

Equity

383,5 k €

+15.6% YoY

What does WFS do?

WFS is a Public limited company incorporated in 2000. Its main activity is: Public relations and communication activities. Its registered office is in Boechout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.859.558

Incorporation

27/09/2000

Legal form

Public limited company

Registered office

Arckenhovelaan 5
2530 Boechout · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 74141Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	77,2 k €	+41.7%	54,5 k €	-5.5%	57,7 k €	+17.7%	49 k €	-12.4%	55,9 k €	+26.4%	44,2 k €	+143%	18,2 k €	-66.4%	54,1 k €	+104%	26,5 k €	+1481%	-1,9 k €	-102%	126,3 k €	+2.2%	123,5 k €	-12.7%	141,5 k €	+10.1%	128,5 k €
EBITDA	75,7 k €	+40.4%	53,9 k €	-6.1%	57,5 k €	+18.6%	48,4 k €	-12.7%	55,4 k €	+30.7%	42,4 k €	+161%	16,2 k €	-68.8%	52 k €	+120%	23,6 k €	+214%	-20,8 k €	-137%	56,1 k €	-2.9%	57,7 k €	-20.4%	72,5 k €	+27.2%	57 k €
Operating result	75,7 k €	+40.4%	53,9 k €	+30.0%	41,5 k €	+27.8%	32,4 k €	-17.8%	39,5 k €	+30.9%	30,1 k €	+297%	7,6 k €	-82.7%	44 k €	+188%	15,3 k €	+140%	-37,7 k €	-198%	38,5 k €	-6.3%	41,1 k €	+9.5%	37,5 k €	+49.3%	25,1 k €
Net result	51,9 k €	+17.6%	44,1 k €	+75.7%	25,1 k €	+65.8%	15,1 k €	-51.4%	31,2 k €	-10.7%	34,9 k €	+647%	-6,4 k €	-118%	36,1 k €	+228%	11 k €	+130%	-36,4 k €	-226%	28,9 k €	-14.9%	34 k €	+36.1%	25 k €	+300%	6,2 k €
Balance sheet
Equity	383,5 k €	+15.6%	331,7 k €	+1.9%	325,5 k €	+5.3%	309,2 k €	-10.8%	346,6 k €	+118%	158,9 k €	+28.1%	124 k €	-4.9%	130,4 k €	+38.3%	94,3 k €	+13.2%	83,3 k €	-30.4%	119,7 k €	+31.9%	90,8 k €	+59.8%	56,8 k €	+78.4%	31,8 k €
Total assets	452,3 k €	+8.8%	415,7 k €	+5.9%	392,4 k €	-1.0%	396,3 k €	+0.6%	393,8 k €	+59.6%	246,7 k €	+47.3%	167,4 k €	-23.1%	217,8 k €	+20.1%	181,4 k €	+49.3%	121,5 k €	-53.2%	259,6 k €	-42.5%	451,3 k €	+65.3%	273 k €	-21.5%	347,7 k €
Cash	21,2 k €	-48.3%	41 k €	+55.1%	26,4 k €	-60.1%	66,2 k €	+13.6%	58,3 k €	-28.9%	82 k €	-25.9%	110,7 k €	-2.3%	113,3 k €	+52.7%	74,2 k €	+26.1%	58,8 k €	+6.0%	55,5 k €	+1630%	3,2 k €	-76.8%	13,8 k €	-47.9%	26,5 k €
Debts	68,8 k €	-18.2%	84 k €	+25.5%	66,9 k €	-23.1%	87,1 k €	+84.7%	47,2 k €	-46.3%	87,8 k €	+102%	43,4 k €	-35.6%	67,4 k €	-22.6%	87,1 k €	+128%	38,2 k €	-72.7%	139,9 k €	-59.6%	346,6 k €	+98.3%	174,8 k €	-44.7%	315,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,2 ETP	-45.5%	2,2 ETP	-4.3%	2,3 ETP	+9.5%	2,1 ETP	-4.5%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 23 ended

Active mandates

Brian Frissyn

Director · since 01 avril 2024 · until 30 mars 2030

Active

Robin Frissyn

Director · since 01 avril 2024 · until 30 mars 2030

Active

Walther Johan Frissyn

Managing director · since 01 avril 2024 · until 30 mars 2030

Active

Yolande Leemans

Director · since 01 avril 2024 · until 30 mars 2030

Active

Ended mandates

Brian Frissyn

Director · since 02 avril 2018 · until 01 avril 2024

Ended

Robin Frissyn

Director · since 31 mars 2018 · until 30 mars 2024

Ended

Walther Frissyn

Managing director · since 31 mars 2018 · until 30 mars 2024

Ended

Walther Johan Frissyn

Managing director · since 31 mars 2018 · until 30 mars 2024

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/03/2026	30/04/2025	26/03/2024	26/04/2023	02/05/2022	28/04/2021
General meeting	09/03/2026	23/01/2025	21/03/2024	31/03/2023	25/03/2022	26/03/2021
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	30/09/2025	09/03/2026	16/03/2026	Dutch	PDF
Micro model	30/09/2024	23/01/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	21/03/2024	26/03/2024	Dutch	PDF
Micro model	30/09/2022	31/03/2023	26/04/2023	Dutch	PDF
Micro model	30/09/2021	25/03/2022	02/05/2022	Dutch	PDF
Micro model	30/09/2020	26/03/2021	28/04/2021	Dutch	PDF
Micro model	30/09/2019	27/03/2020	21/04/2020	Dutch	PDF
Micro model	30/09/2018	29/03/2019	08/04/2019	Dutch	PDF
Micro model	30/09/2017	30/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	03/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	02/04/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	10/04/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	08/05/2012	Dutch	PDF
Abridged model	30/09/2010	25/03/2011	28/04/2011	Dutch	PDF
Abridged model	30/09/2009	26/03/2010	26/03/2010	Dutch	PDF
Abridged model	30/09/2008	27/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	28/03/2008	31/03/2008	Dutch	PDF
Abridged model	30/09/2006	30/03/2007	02/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 4 active · 23 ended

Active mandates

Brian Frissyn

Director · since 01 avril 2024 · until 30 mars 2030

Active

Robin Frissyn

Director · since 01 avril 2024 · until 30 mars 2030

Active

Walther Johan Frissyn

Managing director · since 01 avril 2024 · until 30 mars 2030

Active

Yolande Leemans

Director · since 01 avril 2024 · until 30 mars 2030

Active

Ended mandates

Brian Frissyn

Director · since 02 avril 2018 · until 01 avril 2024

Ended

Robin Frissyn

Director · since 31 mars 2018 · until 30 mars 2024

Ended

Walther Frissyn

Managing director · since 31 mars 2018 · until 30 mars 2024

Ended

Walther Johan Frissyn

Managing director · since 31 mars 2018 · until 30 mars 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/06/2024
Herbenoemingen
PDF
Mandates28/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2006
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring30/01/2003
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring19/11/2002
DIVERSEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 202551,9 k €↑
2024
Annual accounts 202444,1 k €↑
2023
Annual accounts 202325,1 k €↑
2022
Annual accounts 202215,1 k €↓
2021
Annual accounts 202131,2 k €↓
2014
Annual accounts 201434,9 k €↑
2013
Annual accounts 2013-6,4 k €↓
2012
Annual accounts 201236,1 k €↑
2011
Annual accounts 201111 k €↑
2010
Annual accounts 2010-36,4 k €↓
2009
Annual accounts 200928,9 k €↓
2008
Annual accounts 200834 k €↑
2007
Annual accounts 200725 k €↑
2006
Annual accounts 20066,2 k €
27/09/2000
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

WFS

Overview

What does WFS do?

Trend over 14 financial years

Indicative valuation

Board of directors

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