ACTIVE

WETZLARBAD

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Financial year 2025 · closed on 31/12/2025

Net result

-54,8 k €

-120.7% YoY

Gross margin

1,7 M €

-77.3% YoY

Equity

-155,4 k €

-54.4% YoY

Workforce

19,5 ETP

+68.1% YoY

What does WETZLARBAD do?

WETZLARBAD is a Public limited company incorporated in 2018. Its main activity is: Operation of sports facilities. Its registered office is in Eupen. It employs on average 19,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0695.648.960

Incorporation

02/05/2018

Legal form

Public limited company

Registered office

Hütte 56
4700 Eupen · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

19,5 ETP

Activities (NACE)

93110Operation of sports facilities· main 93110Operation of sports facilities 56301Beverage serving activities 56301Beverage serving activities

Joint committees (2)

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	1,7 M €	-77.3%	7,5 M €	+899%	749,9 k €	+483%	128,6 k €	-66.1%	379 k €	+204%	-365,5 k €	-654%	66 k €	+131%	-214,3 k €
EBITDA	536,4 k €	+71.5%	312,7 k €	+688%	-53,2 k €	+45.8%	-98,2 k €	+74.1%	-379,8 k €	+59.3%	-933,9 k €	-9.9%	-849,6 k €	-22.2%	-695,1 k €
Operating result	-49,8 k €	-116%	311,3 k €	+666%	-55 k €	+45.3%	-100,5 k €	+86.2%	-729 k €	+53.7%	-1,6 M €	-30.4%	-1,2 M €	-66.1%	-727,4 k €
Net result	-54,8 k €	-121%	265,2 k €	+517%	-63,7 k €	+75.6%	-260,9 k €	-172%	363,7 k €	+236%	-268 k €	-302%	-66,7 k €	+60.8%	-170,2 k €
Balance sheet
Equity	-155,4 k €	-54.4%	-100,6 k €	+72.5%	-365,8 k €	-21.1%	-302,1 k €	-634%	-41,2 k €	+89.8%	-404,9 k €	-196%	-136,9 k €	-95.1%	-70,2 k €
Total assets	9,7 M €	-6.4%	10,4 M €	+2.0%	10,2 M €	+1.9%	10 M €	-4.6%	10,5 M €	-0.5%	10,5 M €	-21.2%	13,4 M €	+1441%	867,6 k €
Cash	56,7 k €	+75.0%	32,4 k €	-17.4%	39,2 k €	-52.9%	83,4 k €	+67.3%	49,8 k €	+48.8%	33,5 k €	-85.5%	230,7 k €	+72.2%	133,9 k €
Debts	9,9 M €	-6.0%	10,5 M €	-0.5%	10,5 M €	+2.4%	10,3 M €	-1.9%	10,5 M €	-2.9%	10,8 M €	-19.7%	13,5 M €	+1388%	904,8 k €
Other
Workforce	19,5 ETP	+68.1%	11,6 ETP	-11.5%	13,1 ETP	-0.8%	13,2 ETP	-22.8%	17,1 ETP	-7.1%	18,4 ETP	-17.5%	22,3 ETP	+68.9%	13,2 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 · 7 ended

Active mandates

Jan De Wit

Director · since 26 juin 2024 · until 25 juin 2030

Active

Sam Keytsman

Director · since 26 juin 2024 · until 25 juin 2030

Active

Ended mandates

Diether Thilemans

Director · since 26 juin 2024 · until 25 juin 2030

Ended

Diether Thilemans

Director · since 02 mai 2018 · until 07 mai 2024

Ended

Diether Thilemans

Director · since 02 mai 2018 · until 26 juin 2024

Ended

Jan De Wit

Director · since 02 mai 2018 · until 07 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Schwimmverein Delphin Eupen● Active	0425.999.551

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	09/09/2026	18/07/2025	28/08/2024	31/07/2023	08/08/2022	28/08/2021
General meeting	30/06/2026	25/06/2025	25/06/2024	27/06/2023	28/06/2022	25/06/2021
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	09/09/2026	French	PDF
Abridged model	31/12/2024	25/06/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	28/08/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	08/08/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	28/08/2021	French	PDF
Abridged model	31/12/2019	05/05/2020	06/08/2020	French	PDF
Abridged model	31/12/2018	07/05/2019	17/07/2019	French	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 · 7 ended

Active mandates

Jan De Wit

Director · since 26 juin 2024 · until 25 juin 2030

Active

Sam Keytsman

Director · since 26 juin 2024 · until 25 juin 2030

Active

Ended mandates

Diether Thilemans

Director · since 26 juin 2024 · until 25 juin 2030

Ended

Diether Thilemans

Director · since 02 mai 2018 · until 07 mai 2024

Ended

Diether Thilemans

Director · since 02 mai 2018 · until 26 juin 2024

Ended

Jan De Wit

Director · since 02 mai 2018 · until 07 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2024
DEMISSIONS, NOMINATIONS
PDF
Other08/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates11/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/09/2021
DEMISSIONS, NOMINATIONS
PDF
Other16/05/2018
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 2025-54,8 k €↓
2024
Annual accounts 2024265,2 k €↑
2023
Annual accounts 2023-63,7 k €↑
2022
Annual accounts 2022-260,9 k €↓
2021
Annual accounts 2021363,7 k €↑
2020
Annual accounts 2020-268 k €↓
2019
Annual accounts 2019-66,7 k €↑
2018
Annual accounts 2018-170,2 k €
02/05/2018
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

WETZLARBAD

Overview

What does WETZLARBAD do?

Trend over 8 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