ACTIVE

WAFFLE FACTORY DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025
Net result
102 k €
+54.0% YoY
Revenue
2,6 M €
-0.3% YoY
Equity
837,5 k €
+8.6% YoY
Workforce
17,6 ETP
+2.9% YoY

What does WAFFLE FACTORY DEVELOPMENT do?

WAFFLE FACTORY DEVELOPMENT is a Private limited company incorporated in 2013. Its main activity is: Management consultancy activities. Its registered office is in Tournai. It employs on average 17,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0527.918.243
Incorporation
23/04/2013
Legal form
Private limited company
Registered office
Rue des Digitales 2
7522 Tournai · WallonieSee on map
Contributed capital
60 000,00 €
Latest accounts
31/12/2025
Average workforce
17,6 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities77400Leasing of intellectual property and similar products, except copyrighted works77400Leasing of intellectual property and similar products, except copyrighted works68100Buying and selling of own real estate68110Buying and selling of own real estate+4
Joint committees (2)
  • 200
  • 302
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Revenue2,6 M €2,6 M €2,4 M €––––––––––
EBITDA290,3 k €385,4 k €453,7 k €237,1 k €152 k €40,1 k €162,5 k €183,2 k €77,6 k €71,1 k €132,4 k €91,8 k €6,6 k €
Operating result218,4 k €261,9 k €378,5 k €174,1 k €70,5 k €12 k €136,8 k €162,2 k €16,1 k €28,8 k €95,8 k €56,4 k €2,7 k €
Net result102 k €66,2 k €251,1 k €102,9 k €54 k €-38,5 k €40,8 k €107,4 k €2,4 k €12,1 k €67,6 k €48,6 k €1,7 k €
Balance sheet
Equity837,5 k €771,4 k €705,1 k €454,1 k €356,2 k €302,2 k €340,6 k €299,8 k €192,4 k €190 k €177,8 k €110,3 k €61,7 k €
Total assets2,6 M €2,5 M €2,3 M €2,1 M €2,1 M €1,7 M €1,6 M €1,6 M €499,6 k €444 k €428,2 k €291,5 k €88,9 k €
Cash144,6 k €314,3 k €209 k €150,9 k €148,7 k €202,9 k €70 k €178,4 k €313,1 k €230,2 k €203,1 k €110,2 k €45,4 k €
Debts840,8 k €766,3 k €822 k €1 M €1,2 M €953 k €735,2 k €766,6 k €160,5 k €149 k €130,3 k €136,2 k €27,2 k €
Other
Workforce17,6 ETP17,1 ETP16,7 ETP16,0 ETP14,0 ETP13,0 ETP11,2 ETP8,4 ETP––7,6 ETP4,7 ETP0,5 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 · 10 ended

Active mandates

DOZ

Managing director · since 12 juin 2024 · 0783.750.397

Represented by Desobry Guillaume

Active
DESOMA

Director · since 30 mars 2022 · 0784.350.017

Represented by Desobry Stéphane

Active

Ended mandates

DESOMA

Director · since 31 mars 2022 · 0784.350.017

Represented by Desobry STÉPHANE

Ended
DOZ

Director · since 23 mars 2022 · 0783.750.397

Represented by Desobry GUILLAUME

Ended
Guillaume Desobry

Administrator - manager · since 23 avril 2013

Ended
Stéphane Desobry

Administrator - manager · since 23 avril 2013

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202604/07/202522/07/202424/08/202326/08/202223/07/2021
General meeting09/06/202610/06/202528/06/202414/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202509/06/202619/06/2026FrenchPDF
Full model31/12/202410/06/202504/07/2025FrenchPDF
Full model31/12/202328/06/202422/07/2024FrenchPDF
Abridged model31/12/202214/06/202324/08/2023FrenchPDF
Abridged model31/12/202114/06/202226/08/2022FrenchPDF
Abridged model31/12/202008/06/202123/07/2021FrenchPDF
Abridged model31/12/201904/09/202008/09/2020FrenchPDF
Abridged modelCorrection31/12/201817/06/201915/10/2019FrenchPDF
Abridged model31/12/201817/06/201918/06/2019FrenchPDF
Micro model31/12/201718/04/201810/06/2018FrenchPDF
Micro model31/12/201613/06/201723/06/2017FrenchPDF
Abridged model31/12/201517/06/201621/06/2016FrenchPDF
Abridged model31/12/201409/06/201512/06/2015FrenchPDF
Abridged model31/12/201316/06/201414/07/2014FrenchPDF
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 · 10 ended

Active mandates

DOZ

Managing director · since 12 juin 2024 · 0783.750.397

Represented by Desobry Guillaume

Active
DESOMA

Director · since 30 mars 2022 · 0784.350.017

Represented by Desobry Stéphane

Active

Ended mandates

DESOMA

Director · since 31 mars 2022 · 0784.350.017

Represented by Desobry STÉPHANE

Ended
DOZ

Director · since 23 mars 2022 · 0783.750.397

Represented by Desobry GUILLAUME

Ended
Guillaume Desobry

Administrator - manager · since 23 avril 2013

Ended
Stéphane Desobry

Administrator - manager · since 23 avril 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares02/01/2026
    DIVERS - CAPITAL, ACTIONS
    PDF
  • Mandates20/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/04/2024
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares14/10/2013
    CAPITAL, ACTIONS
    PDF
  • Other03/05/2013
    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

Timeline

  1. 2025
    Annual accounts 2025102 k €↑
  2. 2024
    Annual accounts 202466,2 k €↓
  3. 2023
    Annual accounts 2023251,1 k €↑
  4. 2022
    Annual accounts 2022102,9 k €↑
  5. 2021
    Annual accounts 202154 k €↑
  6. 2020
    Annual accounts 2020-38,5 k €↓
  7. 2019
    Annual accounts 201940,8 k €↓
  8. 2018
    Annual accounts 2018107,4 k €↑
  9. 2017
    Annual accounts 20172,4 k €↓
  10. 2016
    Annual accounts 201612,1 k €↓
  11. 2015
    Annual accounts 201567,6 k €↑
  12. 2014
    Annual accounts 201448,6 k €↑
  13. 2013
    Annual accounts 20131,7 k €
  14. 23/04/2013
    IncorporationPrivate limited company