ACTIVE

BUILDING WORDS

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

54,9 k €

+22.6% YoY

Gross margin

467,1 k €

+12.7% YoY

Equity

247,6 k €

+1.1% YoY

What does BUILDING WORDS do?

BUILDING WORDS is a Private limited company incorporated in 2002. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.255.728

Incorporation

04/09/2002

Legal form

Private limited company

Registered office

Avenue Const.De Montpellier(VD) 9
5020 Namur · WallonieSee on map

Contributed capital

75 000,00 €

Latest accounts

30/09/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	467,1 k €	+12.7%	414,3 k €	-33.7%	624,7 k €	+57.1%	397,7 k €	-8.7%	435,5 k €	+59.5%	273,1 k €	-2.6%	280,2 k €	-7.3%	302,4 k €	-1.9%	308,4 k €	+2.9%	299,8 k €	+6.8%	280,7 k €	+2.8%	273 k €	+31.2%	208 k €	+5.2%	197,8 k €	+14.5%	172,8 k €	+10.0%	157,1 k €	+14.9%	136,7 k €	-0.8%	137,9 k €	+1.7%	135,6 k €
EBITDA	107,2 k €	+32.5%	80,9 k €	-68.5%	257,1 k €	+87.1%	137,4 k €	-20.8%	173,5 k €	+164%	65,8 k €	-45.5%	120,6 k €	+7.6%	112,1 k €	-9.7%	124,1 k €	-9.5%	137,2 k €	+1.0%	135,8 k €	+0.3%	135,4 k €	+13.2%	119,6 k €	+7.2%	111,6 k €	+14.1%	97,8 k €	-20.8%	123,4 k €	+26.0%	97,9 k €	+3.5%	94,6 k €	-14.8%	111 k €
Operating result	92,5 k €	+45.8%	63,5 k €	-73.8%	241,9 k €	+124%	108 k €	-25.2%	144,3 k €	+294%	36,6 k €	-60.6%	93 k €	+4.5%	89,1 k €	-6.9%	95,7 k €	-13.9%	111,2 k €	+5.1%	105,8 k €	+0.2%	105,6 k €	+38.7%	76,1 k €	-14.7%	89,2 k €	+25.4%	71,1 k €	-33.4%	106,8 k €	+33.6%	80 k €	+5.0%	76,2 k €	-22.4%	98,2 k €
Net result	54,9 k €	+22.6%	44,8 k €	-73.5%	169 k €	+146%	68,6 k €	-26.1%	92,9 k €	+436%	17,3 k €	-63.9%	48 k €	+8.3%	44,3 k €	+3.8%	42,7 k €	-31.7%	62,5 k €	+5.6%	59,1 k €	-2.0%	60,3 k €	+45.9%	41,3 k €	-17.5%	50,1 k €	+222%	15,5 k €	-77.7%	69,7 k €	+31.7%	52,9 k €	+5.2%	50,3 k €	-19.6%	62,6 k €
Balance sheet
Equity	247,6 k €	+1.1%	244,8 k €	+3.0%	237,8 k €	+16.1%	204,7 k €	-22.2%	263,2 k €	+7.3%	245,3 k €	-5.6%	260 k €	-0.8%	261,9 k €	+1.7%	257,6 k €	-7.6%	278,9 k €	-4.3%	291,4 k €	+1.4%	287,3 k €	+3.7%	277 k €	+0.5%	275,6 k €	-4.2%	287,9 k €	+22.1%	235,8 k €	+28.1%	184,1 k €	+7.5%	171,2 k €	+6.4%	160,9 k €
Total assets	484,4 k €	+11.1%	436,1 k €	-14.7%	511,4 k €	-19.6%	635,9 k €	+0.8%	630,6 k €	+9.4%	576,7 k €	-7.8%	625,5 k €	+2.2%	612 k €	-4.9%	643,8 k €	-7.3%	694,8 k €	+2.2%	680,1 k €	-0.1%	680,6 k €	+2.4%	664,9 k €	-0.1%	665,9 k €	+1.5%	656,1 k €	+98.5%	330,5 k €	+6.6%	310,2 k €	+4.0%	298,2 k €	-0.6%	300,1 k €
Cash	127,3 k €	+21.2%	105,1 k €	-35.4%	162,8 k €	+1.3%	160,7 k €	-9.4%	177,4 k €	+94.3%	91,3 k €	-26.0%	123,4 k €	+9.4%	112,8 k €	-16.2%	134,6 k €	+14.2%	117,8 k €	+26.8%	92,9 k €	+13.2%	82,1 k €	+17.6%	69,8 k €	-66.4%	207,5 k €	+32.4%	156,8 k €	+14.7%	136,7 k €	+50.3%	90,9 k €	+103%	44,8 k €	-67.3%	137,2 k €
Debts	236,4 k €	+23.5%	191,3 k €	-30.0%	273,2 k €	-34.6%	417,7 k €	+18.0%	354 k €	+11.4%	317,9 k €	-9.7%	352 k €	+4.7%	336,1 k €	-9.7%	372,1 k €	-7.4%	401,6 k €	+7.3%	374,2 k €	-1.2%	378,7 k €	+1.5%	373,2 k €	-0.6%	375,4 k €	+6.2%	353,4 k €	+273%	94,7 k €	-24.9%	126 k €	-0.3%	126,4 k €	-9.1%	139,1 k €
Other
Workforce	–		–		4,5 ETP		–		–		–		–		–		–		3,7 ETP	+12.1%	3,3 ETP	+10.0%	3,0 ETP	+36.4%	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	+66.7%	1,2 ETP	+20.0%	1,0 ETP		–		0,8 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 · 3 active · 2 ended

Active mandates

François-Xavier Pielaet

Director

Active

Johan Pielaet

Director

Active

Séverine Levecq

Director

Active

Ended mandates

Johann Pielaet

Manager · since 28 août 2002

Ended

Pielaet Johann

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged 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	27/04/2026	22/04/2025	27/04/2024	18/04/2023	25/04/2022	11/03/2021
General meeting	27/03/2026	28/03/2025	04/03/2024	08/03/2023	01/03/2022	20/02/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	27/03/2026	27/04/2026	French	PDF
Micro model	30/09/2024	28/03/2025	22/04/2025	French	PDF
Abridged model	30/09/2023	04/03/2024	27/04/2024	French	PDF
Micro model	30/09/2022	08/03/2023	18/04/2023	French	PDF
Micro model	30/09/2021	01/03/2022	25/04/2022	French	PDF
Micro model	30/09/2020	20/02/2021	11/03/2021	French	PDF
Micro model	30/09/2019	08/02/2020	17/03/2020	French	PDF
Micro model	30/09/2018	09/02/2019	07/03/2019	French	PDF
Micro model	30/09/2017	24/02/2018	12/03/2018	French	PDF
Abridged model	30/09/2016	19/12/2016	17/03/2017	French	PDF
Abridged model	30/09/2015	27/02/2016	22/03/2016	French	PDF
Abridged model	30/09/2014	28/02/2015	21/04/2015	French	PDF
Abridged model	30/09/2013	22/02/2014	02/04/2014	French	PDF
Abridged model	30/09/2012	23/02/2013	18/03/2013	French	PDF
Abridged model	30/09/2011	11/02/2012	22/02/2012	French	PDF
Abridged model	30/09/2010	19/02/2011	30/03/2011	French	PDF
Abridged model	30/09/2009	20/02/2010	23/03/2010	French	PDF
Abridged model	30/09/2008	21/02/2009	29/04/2009	French	PDF
Abridged model	30/09/2007	10/02/2008	18/04/2008	French	PDF
Abridged model	30/09/2006	17/02/2007	02/03/2007	French	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 · 3 active · 2 ended

Active mandates

François-Xavier Pielaet

Director

Active

Johan Pielaet

Director

Active

Séverine Levecq

Director

Active

Ended mandates

Johann Pielaet

Manager · since 28 août 2002

Ended

Pielaet Johann

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/11/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2012
ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/11/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other11/09/2002
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202554,9 k €↑
2024
Annual accounts 202444,8 k €↓
2023
Annual accounts 2023169 k €↑
2022
Annual accounts 202268,6 k €↓
2021
Annual accounts 202192,9 k €↑
2020
Annual accounts 202017,3 k €↓
2019
Annual accounts 201948 k €↑
2018
Annual accounts 201844,3 k €↑
2017
Annual accounts 201742,7 k €↓
2016
Annual accounts 201662,5 k €↑
2015
Annual accounts 201559,1 k €↓
2014
Annual accounts 201460,3 k €↑
2013
Annual accounts 201341,3 k €↓
2012
Annual accounts 201250,1 k €↑
2011
Annual accounts 201115,5 k €↓
2010
Annual accounts 201069,7 k €↑
2009
Annual accounts 200952,9 k €↑
2008
Annual accounts 200850,3 k €↓
2007
Annual accounts 200762,6 k €
04/09/2002
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

BUILDING WORDS

Overview

What does BUILDING WORDS do?

Trend over 19 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