ACTIVE

WELLENS

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Financial year 2025 · closed on 31/12/2025

Net result

12,8 k €

-79.8% YoY

Gross margin

396,6 k €

+13.9% YoY

Equity

643,7 k €

+2.0% YoY

Workforce

4,6 ETP

+48.4% YoY

What does WELLENS do?

WELLENS is a Public limited company incorporated in 2001. Its main activity is: Construction of buildings. Its registered office is in Keerbergen. It employs on average 4,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.102.229

Incorporation

16/11/2001

Legal form

Public limited company

Registered office

Vlieghavenlaan 27 box E
3140 Keerbergen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

4,6 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 43120Site preparation 43120Site preparation 43331Floor and wall covering+10

Joint committees (3)

124
1240
124,00

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	396,6 k €	+13.9%	348 k €	+1.8%	342 k €	+7.9%	316,9 k €	+3.2%	307,2 k €	+19.0%	258,2 k €	+48.1%	174,3 k €	-14.4%	203,5 k €	+4.6%	194,5 k €	-8.6%	212,7 k €	+32.1%	161 k €	-27.5%	222,2 k €	+112%	104,8 k €	-15.8%	124,5 k €	-41.5%	212,8 k €	-0.4%	213,7 k €	-10.3%	238,3 k €	+3.9%	229,4 k €
EBITDA	232,3 k €	-5.3%	245,3 k €	+6.3%	230,8 k €	+13.3%	203,6 k €	+5.4%	193,3 k €	+43.8%	134,4 k €	+41.3%	95,1 k €	+47.2%	64,6 k €	-32.2%	95,3 k €	-11.5%	107,7 k €	+55.3%	69,4 k €	-39.2%	114 k €	+319%	27,2 k €	-47.4%	51,7 k €	-51.8%	107,3 k €	+14.3%	93,9 k €	-23.6%	122,9 k €	-4.9%	129,2 k €
Operating result	103,2 k €	-31.8%	151,4 k €	+9.6%	138,1 k €	+34.5%	102,7 k €	+13.6%	90,4 k €	+18.4%	76,4 k €	+54.1%	49,6 k €	+256%	13,9 k €	-55.9%	31,6 k €	-26.1%	42,7 k €	+1116%	3,5 k €	-92.6%	47,2 k €	+295%	-24,2 k €	-702%	4 k €	-89.7%	39,2 k €	+117%	18 k €	-31.8%	26,4 k €	+16.8%	22,6 k €
Net result	12,8 k €	-79.8%	63,2 k €	+3.9%	60,8 k €	+10.5%	55,1 k €	-3.5%	57 k €	+78.9%	31,9 k €	+72.3%	18,5 k €	-18.8%	22,8 k €	+55.4%	14,7 k €	+2.0%	14,4 k €	+168%	5,4 k €	-81.3%	28,8 k €	-33.1%	43 k €	+10.9%	38,8 k €	+147%	15,7 k €	+65.8%	9,5 k €	-13.1%	10,9 k €	+10.8%	9,8 k €
Balance sheet
Equity	643,7 k €	+2.0%	630,9 k €	+11.1%	567,7 k €	+12.0%	506,9 k €	+12.2%	451,8 k €	+34.9%	334,8 k €	+10.5%	302,9 k €	+6.5%	284,4 k €	+8.7%	261,6 k €	+5.9%	247 k €	+6.2%	232,6 k €	-3.6%	241,2 k €	+13.6%	212,4 k €	+25.4%	169,4 k €	+29.7%	130,6 k €	+13.7%	114,9 k €	+9.0%	105,4 k €	+11.5%	94,5 k €
Total assets	1,8 M €	-14.0%	2,1 M €	+23.1%	1,7 M €	-9.1%	1,9 M €	+32.5%	1,4 M €	+10.7%	1,3 M €	-15.6%	1,5 M €	+41.3%	1,1 M €	-4.5%	1,1 M €	+111%	537,8 k €	-65.3%	1,5 M €	+12.1%	1,4 M €	+18.7%	1,2 M €	-16.7%	1,4 M €	+25.0%	1,1 M €	+63.6%	684,4 k €	+9.5%	625,1 k €	-8.1%	680,4 k €
Cash	16,2 k €	-79.5%	79,1 k €	-52.4%	166,2 k €	+21.6%	136,7 k €	+1.2%	135,1 k €	+97.1%	68,5 k €	-16.1%	81,7 k €	-19.2%	101,1 k €	+103%	49,7 k €	+46.6%	33,9 k €	-77.1%	148,3 k €		–		9 k €	-63.1%	24,3 k €	-14.3%	28,4 k €	+44.9%	19,6 k €	+487%	3,3 k €	-94.7%	63,3 k €
Debts	1,2 M €	-20.8%	1,5 M €	+29.0%	1,2 M €	-16.8%	1,4 M €	+42.2%	976,4 k €	+2.0%	957,6 k €	-22.0%	1,2 M €	+53.7%	799,3 k €	-8.5%	873,5 k €	+200%	290,9 k €	-77.9%	1,3 M €	+15.6%	1,1 M €	+19.6%	952,5 k €	-22.5%	1,2 M €	+24.3%	988,9 k €	+73.6%	569,6 k €	+9.7%	519,4 k €	-11.3%	585,6 k €
Other
Workforce	4,6 ETP	+48.4%	3,1 ETP	+34.8%	2,3 ETP	+15.0%	2,0 ETP	-16.7%	2,4 ETP	+20.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-28.6%	2,8 ETP	-6.7%	3,0 ETP	+114%	1,4 ETP	-26.3%	1,9 ETP	-26.9%	2,6 ETP	-7.1%	2,8 ETP	-6.7%	3,0 ETP	0.0%	3,0 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 31/12/2025 · 3 active · 9 ended

Active mandates

Karine Vissenaekens

Director

Active

Renier Wellens

Director

Active

Ronan WELLENS

Managing director

Active

Ended mandates

Karine Vissenaekens

Director · since 12 décembre 2019 · until 12 décembre 2025

Ended

Renier Wellens

Director · since 12 décembre 2019 · until 12 décembre 2025

Ended

Ronan Wellens

Managing director · since 12 décembre 2019 · until 12 décembre 2025

Ended

Renier Wellens

Director · since 01 octobre 2014 · until 12 décembre 2025

Ended

At this address

Other companies at this address

Company	CBE no.
MANAGEMENT TECHNOLOGIES● Active	0460.328.049
Wellens Construct● Active	0831.129.949

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	28/07/2026	30/07/2025	26/07/2024	27/07/2023	27/06/2022	08/07/2021
General meeting	30/06/2026	30/06/2025	29/06/2024	30/06/2023	27/05/2022	28/05/2021
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	30/06/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	06/08/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	14/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	22/06/2007	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 31/12/2025 · 3 active · 9 ended

Active mandates

Karine Vissenaekens

Director

Active

Renier Wellens

Director

Active

Ronan WELLENS

Managing director

Active

Ended mandates

Karine Vissenaekens

Director · since 12 décembre 2019 · until 12 décembre 2025

Ended

Renier Wellens

Director · since 12 décembre 2019 · until 12 décembre 2025

Ended

Ronan Wellens

Managing director · since 12 décembre 2019 · until 12 décembre 2025

Ended

Renier Wellens

Director · since 01 octobre 2014 · until 12 décembre 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/01/2014
KAPITAAL - AANDELEN
PDF
Mandates22/10/2013
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office13/06/2008
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/04/2008
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 202512,8 k €↓
2024
Annual accounts 202463,2 k €↑
2023
Annual accounts 202360,8 k €↑
2022
Annual accounts 202255,1 k €↓
2021
Annual accounts 202157 k €↑
2018
Annual accounts 201831,9 k €↑
2017
Annual accounts 201718,5 k €↓
2016
Annual accounts 201622,8 k €↑
2015
Annual accounts 201514,7 k €↑
2014
Annual accounts 201414,4 k €↑
2013
Annual accounts 20135,4 k €↓
2012
Annual accounts 201228,8 k €↓
2011
Annual accounts 201143 k €↑
2010
Annual accounts 201038,8 k €↑
2009
Annual accounts 200915,7 k €↑
2008
Annual accounts 20089,5 k €↓
2007
Annual accounts 200710,9 k €↑
2006
Annual accounts 20069,8 k €
16/11/2001
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

WELLENS

Overview

What does WELLENS 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