ACTIVE

THE WALL COMPANY

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Financial year 2025 · closed on 31/12/2025

Net result

121,7 k €

+43.8% YoY

Gross margin

185 k €

+38.8% YoY

Equity

1,1 M €

+11.7% YoY

Workforce

0,0 ETP

What does THE WALL COMPANY do?

THE WALL COMPANY is a Private limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Ternat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.385.428

Incorporation

21/03/2001

Legal form

Private limited company

Registered office

Nieuwbaan 24
1742 Ternat · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	185 k €	+38.8%	133,3 k €	-12.8%	152,9 k €	-15.2%	180,3 k €	+9.4%	164,8 k €	+29.5%	127,2 k €	+38.4%	91,9 k €	-14.7%	107,7 k €	-12.4%	122,9 k €	-20.4%	154,5 k €	-5.4%	163,4 k €	+32.7%	123,1 k €	+27.8%	96,4 k €	-32.6%	143 k €	+14.6%	124,8 k €	-0.4%	125,3 k €	+210%	40,5 k €	-2.9%	41,7 k €
EBITDA	183,9 k €	+39.0%	132,3 k €	-12.9%	151,8 k €	-14.9%	178,4 k €	+8.9%	163,8 k €	+29.9%	126,1 k €	+94.9%	64,7 k €	-38.9%	106 k €	-13.2%	122,1 k €	-20.3%	153,2 k €	-5.5%	162 k €	+32.1%	122,7 k €	+28.0%	95,9 k €	-32.7%	142,4 k €	+15.1%	123,8 k €	-0.4%	124,3 k €	+211%	39,9 k €	-0.6%	40,2 k €
Operating result	165,7 k €	+47.6%	112,2 k €	-15.3%	132,5 k €	-17.0%	159,5 k €	+9.6%	145,5 k €	+61.7%	90 k €	+68.3%	53,5 k €	-43.0%	93,8 k €	-19.3%	116,2 k €	-21.1%	147,3 k €	-9.1%	162 k €	+32.1%	122,7 k €	+28.0%	95,9 k €	-32.5%	142 k €	+15.5%	123 k €	-0.4%	123,5 k €	+216%	39,1 k €	-1.6%	39,8 k €
Net result	121,7 k €	+43.8%	84,6 k €	-11.9%	96,1 k €	-14.9%	112,9 k €	+11.5%	101,2 k €	+57.5%	64,3 k €	+182%	22,8 k €	-61.7%	59,6 k €	-19.6%	74,1 k €	-20.7%	93,5 k €	-7.8%	101,3 k €	+35.2%	74,9 k €	+29.1%	58 k €	-33.7%	87,6 k €	+27.3%	68,8 k €	-11.9%	78,2 k €	+202%	25,9 k €	+7.5%	24,1 k €
Balance sheet
Equity	1,1 M €	+11.7%	1 M €	+8.8%	942,7 k €	+11.1%	848,3 k €	+15.1%	737 k €	+71.4%	430 k €	-5.6%	455,7 k €	+5.1%	433,5 k €	+15.9%	374 k €	+24.7%	299,9 k €	+45.3%	206,4 k €	+9.2%	188,9 k €	+65.7%	114 k €	-26.9%	156 k €	+128%	68,4 k €	-40.3%	114,5 k €	+201%	38 k €	-88.4%	327,1 k €
Total assets	1,2 M €	+12.5%	1,1 M €	+7.5%	1 M €	+9.5%	922,6 k €	+7.1%	861,3 k €	+22.4%	703,6 k €	-5.4%	743,9 k €	+30.2%	571,5 k €	+8.7%	526 k €	-1.2%	532,1 k €	-3.8%	553,1 k €	+20.7%	458,4 k €	-2.7%	471,1 k €	-7.5%	509,5 k €	-3.4%	527,6 k €	+6.7%	494,7 k €	-34.0%	749,6 k €	-0.6%	753,8 k €
Cash	78,9 k €	+73.7%	45,4 k €	-57.3%	106,4 k €	-5.8%	112,9 k €	+437%	21 k €	+233%	6,3 k €	-97.7%	269,9 k €	+825%	29,2 k €	+207%	9,5 k €	-55.6%	21,4 k €	-6.3%	22,8 k €	+30.1%	17,5 k €	+4.2%	16,8 k €	-54.8%	37,2 k €	+59.7%	23,3 k €	-35.3%	36 k €	-7.6%	38,9 k €	+61.3%	24,1 k €
Debts	75,4 k €	+25.7%	60 k €	-10.7%	67,2 k €	-9.5%	74,2 k €	-39.8%	123,3 k €	-54.6%	271,6 k €	-4.8%	285,3 k €	+119%	130,5 k €	-14.2%	152 k €	-34.6%	232,3 k €	-33.0%	346,7 k €	+30.9%	264,8 k €	-25.4%	354,9 k €	+1.0%	351,3 k €	-23.5%	459,2 k €	+21.6%	377,7 k €	-46.7%	709,1 k €	+66.8%	425 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP

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 · 2 active · 5 ended

Active mandates

Michael Naert

Director · since 01 mars 2016

Active

Katrien Walraevens

Director · since 28 février 2006

Active

Ended mandates

Michaël Naert

Manager · since 01 mars 2016

Ended

Katrien Walraevens

Manager

Ended

Katrien WALRAEVENS

Director

Ended

Michael Naert

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
APOTHEEK WALRAEVENS● Active	0459.570.558

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	17/06/2026	24/06/2025	09/07/2024	21/08/2023	07/07/2022	08/09/2021
General meeting	15/06/2026	15/06/2025	14/05/2024	15/06/2023	30/06/2022	11/05/2021
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

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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	15/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/06/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/05/2024	09/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	21/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	08/09/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	17/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	26/09/2018	Dutch	PDF
Abridged model	31/12/2016	09/05/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/05/2014	10/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	10/05/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	11/05/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	27/08/2007	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 · 2 active · 5 ended

Active mandates

Michael Naert

Director · since 01 mars 2016

Active

Katrien Walraevens

Director · since 28 février 2006

Active

Ended mandates

Michaël Naert

Manager · since 01 mars 2016

Ended

Katrien Walraevens

Manager

Ended

Katrien WALRAEVENS

Director

Ended

Michael Naert

Associate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares26/01/2018
KAPITAAL - AANDELEN
PDF
Mandates01/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office24/05/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/04/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2006
ONTSLAGEN - BENOEMINGEN
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 2025121,7 k €↑
2024
Annual accounts 202484,6 k €↓
2023
Annual accounts 202396,1 k €↓
2022
Annual accounts 2022112,9 k €↑
2021
Annual accounts 2021101,2 k €↑
2018
Annual accounts 201864,3 k €↑
2017
Annual accounts 201722,8 k €↓
2016
Annual accounts 201659,6 k €↓
2015
Annual accounts 201574,1 k €↓
2014
Annual accounts 201493,5 k €↓
2013
Annual accounts 2013101,3 k €↑
2012
Annual accounts 201274,9 k €↑
2011
Annual accounts 201158 k €↓
2010
Annual accounts 201087,6 k €↑
2009
Annual accounts 200968,8 k €↓
2008
Annual accounts 200878,2 k €↑
2007
Annual accounts 200725,9 k €↑
2006
Annual accounts 200624,1 k €
21/03/2001
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

THE WALL COMPANY

Overview

What does THE WALL COMPANY 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