ACTIVE

THE W

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Financial year 2025 · closed on 31/12/2025
Net result
35,5 k €
+51.9% YoY
Equity
5,9 M €
+0.6% YoY

What does THE W do?

THE W is a Public limited company incorporated in 2018. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0707.670.032
Incorporation
02/10/2018
Legal form
Public limited company
Registered office
Avenue Louise 480
1050 Bruxelles · BruxellesSee on map
Contributed capital
6 090 000,00 €
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 7 financial years

2025202420232022202120202019
Income statement
Gross margin–––––-26,2 k €-155,6 k €
EBITDA-47,5 k €-43,8 k €-41,5 k €-75,9 k €-54,9 k €-26,5 k €-156,3 k €
Operating result-47,5 k €-43,8 k €-41,5 k €-75,9 k €-54,9 k €-26,5 k €-164,2 k €
Net result35,5 k €23,4 k €37,2 k €-2,5 k €-43 k €-40,7 k €-177,4 k €
Balance sheet
Equity5,9 M €5,9 M €5,9 M €5,8 M €5,8 M €2,9 M €2,9 M €
Total assets6,7 M €8,6 M €8,6 M €6,6 M €6,6 M €3,7 M €3,7 M €
Cash71 k €106 k €2,6 k €92,8 k €1,1 M €4,5 k €21,7 k €
Debts743,2 k €2,7 M €2,7 M €725,1 k €747,8 k €846,1 k €822,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 8 ended

Active mandates

RED Consult

Director · since 02 septembre 2025 · until 06 juin 2028 · 0828.037.233

Represented by Pierre-Damien LEFEBVRE

Active
E-STATE

Director · since 31 janvier 2022 · until 31 janvier 2028 · 0466.809.530

Represented by GAETAN CLERMONT

Active
NICOLAS ORTS

Director · since 31 janvier 2022 · until 31 janvier 2028 · 0466.809.431

Represented by Nicolas ORTS

Active
ZOU2

Director · since 31 janvier 2022 · until 04 avril 2025 · 0502.250.459

Represented by Sophie LAMBRIGHS

Active

Ended mandates

ZOU2

Director · since 31 janvier 2022 · until 31 janvier 2028 · 0502.250.459

Represented by Sophie LAMBRIGHS

Ended
ZOU2

Director · since 31 janvier 2022 · until 31 janvier 2028 · 0502.250.459

Represented by Sophie LAMBRIGHS

Ended
ZOU2

Managing director · since 31 janvier 2019 · 0502.250.459

Represented by Sophie LAMBRIGHS

Ended
ZOU2

Managing director · since 31 janvier 2019 · 0502.250.459

Represented by Sophie LAMBRIGHS

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull 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 date28/07/202628/07/202525/07/202429/06/202313/07/202218/06/2021
General meeting02/06/202603/06/202504/06/202427/06/202307/06/202207/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202502/06/202628/07/2026FrenchPDF
Full model31/12/202403/06/202528/07/2025FrenchPDF
Full model31/12/202304/06/202425/07/2024FrenchPDF
Full model31/12/202227/06/202329/06/2023FrenchPDF
Full model31/12/202107/06/202213/07/2022FrenchPDF
Abridged model31/12/202007/06/202118/06/2021FrenchPDF
Micro model31/12/201902/06/202003/08/2020FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 active · 8 ended

Active mandates

RED Consult

Director · since 02 septembre 2025 · until 06 juin 2028 · 0828.037.233

Represented by Pierre-Damien LEFEBVRE

Active
E-STATE

Director · since 31 janvier 2022 · until 31 janvier 2028 · 0466.809.530

Represented by GAETAN CLERMONT

Active
NICOLAS ORTS

Director · since 31 janvier 2022 · until 31 janvier 2028 · 0466.809.431

Represented by Nicolas ORTS

Active
ZOU2

Director · since 31 janvier 2022 · until 04 avril 2025 · 0502.250.459

Represented by Sophie LAMBRIGHS

Active

Ended mandates

ZOU2

Director · since 31 janvier 2022 · until 31 janvier 2028 · 0502.250.459

Represented by Sophie LAMBRIGHS

Ended
ZOU2

Director · since 31 janvier 2022 · until 31 janvier 2028 · 0502.250.459

Represented by Sophie LAMBRIGHS

Ended
ZOU2

Managing director · since 31 janvier 2019 · 0502.250.459

Represented by Sophie LAMBRIGHS

Ended
ZOU2

Managing director · since 31 janvier 2019 · 0502.250.459

Represented by Sophie LAMBRIGHS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office09/11/2022
    SIEGE SOCIAL
    PDF
  • Other16/02/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Capital / shares30/06/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates06/06/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/04/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares07/11/2018
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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 202535,5 k €↑
  2. 2024
    Annual accounts 202423,4 k €↓
  3. 2023
    Annual accounts 202337,2 k €↑
  4. 2022
    Annual accounts 2022-2,5 k €↑
  5. 2021
    Annual accounts 2021-43 k €↓
  6. 2020
    Annual accounts 2020-40,7 k €↑
  7. 2019
    Annual accounts 2019-177,4 k €
  8. 02/10/2018
    IncorporationPublic limited company