ACTIVE

WOW

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Financial year 2025 · closed on 31/12/2025

Net result

2,6 M €

-66.2% YoY

Gross margin

-22,1 k €

-244.9% YoY

Equity

13,5 M €

+1.1% YoY

What does WOW do?

WOW is a Public limited company incorporated in 2016. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0657.816.980

Incorporation

29/06/2016

Legal form

Public limited company

Registered office

Avenue Maurice-Destenay 13
4000 Liège · WallonieSee on map

Contributed capital

9 403 400,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	-22,1 k €	-245%	-6,4 k €	+24.5%	-8,5 k €	-84.8%	-4,6 k €	-12.8%	-4,1 k €	+51.4%	-8,4 k €	-89.7%	-4,4 k €	+64.5%	-12,4 k €	+45.6%	-22,9 k €
EBITDA	-22,1 k €	-233%	-6,6 k €	+23.9%	-8,7 k €	-53.3%	-5,7 k €	-5.6%	-5,4 k €	+41.8%	-9,3 k €	-68.0%	-5,5 k €	+57.7%	-13 k €	+45.3%	-23,8 k €
Operating result	-22,1 k €	-233%	-6,6 k €	+23.9%	-8,7 k €	-53.3%	-5,7 k €	-5.6%	-5,4 k €	+41.8%	-9,3 k €	-68.0%	-5,5 k €	+57.7%	-13 k €	+45.3%	-23,8 k €
Net result	2,6 M €	-66.2%	7,8 M €	+54.3%	5,1 M €	+118%	2,3 M €	+8.9%	2,1 M €	-45.0%	3,9 M €	+156%	1,5 M €	+2066%	70 k €	-32.7%	104 k €
Balance sheet
Equity	13,5 M €	+1.1%	13,4 M €	+6.4%	12,5 M €	+9.2%	11,5 M €	+4.8%	11 M €	+11.2%	9,9 M €	+3.0%	9,6 M €	-0.0%	9,6 M €	+54.5%	6,2 M €
Total assets	25,6 M €	-18.3%	31,4 M €	+12.9%	27,8 M €	+12.9%	24,6 M €	-22.3%	31,7 M €	+4.3%	30,4 M €	+3.6%	29,3 M €	-40.8%	49,5 M €	+68.7%	29,3 M €
Cash	5,1 M €	-45.1%	9,3 M €	+107%	4,5 M €	+11.2%	4 M €	+28.8%	3,1 M €	+316%	754,1 k €	-52.8%	1,6 M €	-20.3%	2 M €	+7043%	28 k €
Debts	12,1 M €	-32.6%	17,9 M €	+19.3%	15 M €	+15.3%	13 M €	-35.8%	20,3 M €	+0.2%	20,3 M €	+2.8%	19,7 M €	-50.6%	39,9 M €	+72.5%	23,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

Anne VEREECKE

Director · since 07 mai 2024 · until 07 mai 2030

Active

Olivier BOUCHAT

Director · since 11 février 2019 · until 07 mai 2030

Active

Olivier VANDERIJST

Chairman of the board of directors · since 28 juin 2016 · until 07 mai 2030

Active

Ended mandates

Eric PONCIN

Director · since 11 février 2019 · until 03 mai 2022

Ended

Eric PONCIN

Director · since 11 février 2019 · until 07 mai 2024

Ended

Eric PONCIN

Director · since 11 février 2019 · until 04 mai 2027

Ended

Olivier BOUCHAT

Director · since 11 février 2019 · until 03 mai 2022

Ended

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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	02/06/2026	06/06/2025	31/05/2024	06/06/2023	07/06/2022	14/06/2021
General meeting	05/05/2026	06/05/2025	07/05/2024	02/05/2023	03/05/2022	04/05/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/05/2026	02/06/2026	French	PDF
Abridged model	31/12/2024	06/05/2025	06/06/2025	French	PDF
Abridged model	31/12/2023	07/05/2024	31/05/2024	French	PDF
Abridged model	31/12/2022	02/05/2023	06/06/2023	French	PDF
Abridged model	31/12/2021	03/05/2022	07/06/2022	French	PDF
Abridged model	31/12/2020	04/05/2021	14/06/2021	French	PDF
Abridged model	31/12/2019	05/05/2020	26/05/2020	French	PDF
Abridged modelCorrection	31/12/2018	07/05/2019	27/06/2019	French	PDF
Abridged model	31/12/2018	07/05/2019	14/05/2019	French	PDF
Abridged model	31/12/2017	02/05/2018	16/05/2018	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 14 ended

Active mandates

Anne VEREECKE

Director · since 07 mai 2024 · until 07 mai 2030

Active

Olivier BOUCHAT

Director · since 11 février 2019 · until 07 mai 2030

Active

Olivier VANDERIJST

Chairman of the board of directors · since 28 juin 2016 · until 07 mai 2030

Active

Ended mandates

Eric PONCIN

Director · since 11 février 2019 · until 03 mai 2022

Ended

Eric PONCIN

Director · since 11 février 2019 · until 07 mai 2024

Ended

Eric PONCIN

Director · since 11 février 2019 · until 04 mai 2027

Ended

Olivier BOUCHAT

Director · since 11 février 2019 · until 03 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other23/09/2026
—
PDF
Mandates20/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates29/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET
PDF
Mandates26/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2019
DEMISSIONS, NOMINATIONS
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 20252,6 M €↓
2024
Annual accounts 20247,8 M €↑
2024
Name changeWOW
2023
Annual accounts 20235,1 M €↑
2022
Annual accounts 20222,3 M €↑
2021
Annual accounts 20212,1 M €↓
2021
Name changeWallonia Offshore Wind
2020
Annual accounts 20203,9 M €↑
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 201870 k €↓
2017
Annual accounts 2017104 k €
29/06/2016
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

WOW

Overview

What does WOW do?

Trend over 9 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