ACTIVE

WELLEMAN

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Financial year 2025 · closed on 31/12/2025

Net result

120,6 k €

-47.3% YoY

Gross margin

1,4 M €

-3.8% YoY

Equity

1,8 M €

+4.5% YoY

Workforce

13,1 ETP

+19.1% YoY

What does WELLEMAN do?

WELLEMAN is a Private limited company incorporated in 2002. Its main activity is: Joinery installation. Its registered office is in Oostende. It employs on average 13,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.861.680

Incorporation

29/11/2002

Legal form

Private limited company

Registered office

Kuipweg 11
8400 Oostende · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

13,1 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories 41101Development of building projects 41102Development of building projects 68100Buying and selling of own real estate+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	-3.8%	1,4 M €	+23.6%	1,1 M €	-8.2%	1,2 M €	+48.3%	840 k €	-8.9%	922 k €	+19.5%	771,5 k €	-1.1%	780,2 k €	+5.4%	739,8 k €	+54.6%	478,6 k €	+6.7%	448,4 k €	+7.3%	417,8 k €	+45.3%	287,6 k €	+88.4%	152,7 k €	+30.5%	117 k €	+55.9%	75 k €	+2.9%	72,9 k €	+9.9%	66,4 k €	-45.7%	122,2 k €	+31.4%	93,1 k €
EBITDA	577 k €	-24.1%	760,1 k €	+45.9%	521 k €	-20.7%	656,8 k €	+116%	304,6 k €	-24.6%	404,1 k €	+30.2%	310,4 k €	+5.0%	295,7 k €	-18.5%	362,7 k €	+116%	167,9 k €	+25.0%	134,3 k €	+8.3%	124 k €	+72.2%	72 k €	-16.5%	86,3 k €	+22.0%	70,7 k €	-0.1%	70,8 k €	+3.2%	68,6 k €	+5.9%	64,8 k €	-26.1%	87,7 k €	+819%	9,5 k €
Operating result	221,1 k €	-49.7%	439,6 k €	+51.9%	289,4 k €	-44.4%	520,5 k €	+201%	173 k €	-39.8%	287,3 k €	+66.4%	172,6 k €	-8.0%	187,6 k €	-34.2%	285,3 k €	+163%	108,3 k €	+14.2%	94,8 k €	+16.4%	81,5 k €	+175%	29,7 k €	+3.3%	28,7 k €	-17.6%	34,9 k €	+27.4%	27,4 k €	-47.5%	52,1 k €	-1.1%	52,7 k €	-26.7%	72 k €	+592%	-14,6 k €
Net result	120,6 k €	-47.3%	228,6 k €	+29.2%	176,9 k €	-59.6%	438,2 k €	+281%	115,1 k €	-38.8%	188 k €	+299%	47,1 k €	-51.1%	96,5 k €	-48.9%	189 k €	+193%	64,5 k €	+34.9%	47,8 k €	+38.2%	34,6 k €	+56522%	61,1 €	-99.4%	10,4 k €	-18.9%	12,9 k €	+52.8%	8,4 k €	-77.7%	37,8 k €	+16.1%	32,6 k €	-31.5%	47,6 k €	+418%	-14,9 k €
Balance sheet
Equity	1,8 M €	+4.5%	1,7 M €	+15.6%	1,5 M €	+9.7%	1,3 M €	+49.3%	886,1 k €	+14.7%	772,6 k €	+31.8%	586,2 k €	+8.4%	540,6 k €	+24.2%	435,3 k €	+76.7%	246,3 k €	+35.5%	181,8 k €	+23.4%	147,3 k €	+30.7%	112,6 k €	+0.1%	112,6 k €	+10.2%	102,2 k €	+14.4%	89,3 k €	-18.7%	109,9 k €	+33.9%	82 k €	+38.0%	59,5 k €	+172%	21,9 k €
Total assets	4,7 M €	+5.2%	4,4 M €	+2.1%	4,3 M €	+4.6%	4,2 M €	+60.7%	2,6 M €	-0.8%	2,6 M €	+13.5%	2,3 M €	+35.3%	1,7 M €	-1.9%	1,7 M €	+126%	765,1 k €	+15.4%	662,8 k €	+25.1%	529,9 k €	+24.1%	427 k €	-3.1%	440,8 k €	+10.1%	400,3 k €	-11.6%	452,8 k €	+106%	219,4 k €	+14.4%	191,8 k €	-3.1%	197,9 k €	-19.9%	247,2 k €
Cash	536,6 k €	+2.9%	521,3 k €	+41.1%	369,4 k €	-54.3%	809,3 k €	+115%	376,1 k €	-39.6%	623,1 k €	+166%	234,1 k €	+52.6%	153,4 k €	-32.4%	227 k €	+131%	98,2 k €	-8.9%	107,7 k €	+133%	46,2 k €	+295%	11,7 k €	-66.3%	34,8 k €	+60.2%	21,7 k €	+181%	7,7 k €	+110%	3,7 k €	-49.0%	7,2 k €	+5202%	135,8 €	-30.9%	196,7 €
Debts	2,9 M €	+5.5%	2,7 M €	-4.9%	2,9 M €	+2.2%	2,8 M €	+67.9%	1,7 M €	-7.4%	1,8 M €	+7.5%	1,7 M €	+49.6%	1,1 M €	-10.1%	1,2 M €	+153%	493 k €	+8.0%	456,7 k €	+21.2%	376,9 k €	+20.1%	313,9 k €	-3.5%	325,2 k €	+9.1%	298 k €	-18.0%	363,5 k €	+249%	104,2 k €	-0.7%	104,9 k €	-23.3%	136,8 k €	-37.6%	219,1 k €
Other
Workforce	13,1 ETP	+19.1%	11,0 ETP	-0.9%	11,1 ETP	-3.5%	11,5 ETP	+0.9%	11,4 ETP	+5.6%	10,8 ETP	+10.2%	9,8 ETP	+4.3%	9,4 ETP	+9.3%	8,6 ETP	+30.3%	6,6 ETP	-1.5%	6,7 ETP	+3.1%	6,5 ETP	+35.4%	4,8 ETP	+167%	1,8 ETP	+63.6%	1,1 ETP		–		–		–		0,7 ETP	-69.6%	2,3 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 · 4 ended

Active mandates

Kathy Fiers

Director · since 01 juin 2015

Active

Dimitri Welleman

Director

Active

Ended mandates

Kathy Fiers

Manager · since 01 juin 2015

Ended

CLIFF KOOY

Manager

Ended

DIMITRI WELLEMAN

Manager

Ended

LAURENT WELLEMAN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DDK INTERIEUR● Active	0772.653.597
LIKA● Active	0637.820.629
WEKA CONSTRUCT● Active	0746.846.649
ZIVI● Active	1005.691.050

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	25/06/2026	10/06/2025	11/06/2024	16/06/2023	11/07/2022	28/06/2021
General meeting	08/06/2026	09/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	09/06/2025	10/06/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	11/06/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	16/06/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	11/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/03/2019	18/03/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	17/07/2018	Dutch	PDF
Abridged modelCorrection	31/12/2016	12/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	05/06/2015	Dutch	PDF
Abridged model	31/12/2013	11/03/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	30/11/2012	Dutch	PDF
Abridged model	31/12/2010	13/06/2011	09/11/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	30/10/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	22/09/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	08/05/2008	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 · 4 ended

Active mandates

Kathy Fiers

Director · since 01 juin 2015

Active

Dimitri Welleman

Director

Active

Ended mandates

Kathy Fiers

Manager · since 01 juin 2015

Ended

CLIFF KOOY

Manager

Ended

DIMITRI WELLEMAN

Manager

Ended

LAURENT WELLEMAN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office22/09/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other12/11/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/04/2010
MAATSCHAPPELIJKE ZETEL
PDF
Registered office10/05/2004
MAATSCHAPPELIJKE ZETEL
PDF
Other06/12/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 2025120,6 k €↓
2024
Annual accounts 2024228,6 k €↑
2023
Annual accounts 2023176,9 k €↓
2022
Annual accounts 2022438,2 k €↑
2021
Annual accounts 2021115,1 k €↓
2020
Annual accounts 2020188 k €↑
2019
Annual accounts 201947,1 k €↓
2018
Annual accounts 201896,5 k €↓
2017
Annual accounts 2017189 k €↑
2016
Annual accounts 201664,5 k €↑
2015
Annual accounts 201547,8 k €↑
2014
Annual accounts 201434,6 k €↑
2013
Annual accounts 201361,1 €↓
2012
Annual accounts 201210,4 k €↓
2011
Annual accounts 201112,9 k €↑
2010
Annual accounts 20108,4 k €↓
2009
Annual accounts 200937,8 k €↑
2008
Annual accounts 200832,6 k €↓
2007
Annual accounts 200747,6 k €↑
2006
Annual accounts 2006-14,9 k €
29/11/2002
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

WELLEMAN

Overview

What does WELLEMAN do?

Trend over 20 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