ACTIVE

W H MERCHANDISING

Financial year 2025 · Closed on 31/12/2025

Net result-9,1 k €-108,3 %over 1 year
Gross margin350,6 k €-41,2 %over 1 year
Equity117,8 k €-7,2 %over 1 year
Workforce5,3 ETP+3,9 %over 1 year

Identity

Source · BCE/KBO

W H MERCHANDISING is a Private limited company incorporated in 2019. Its main activity is: Specialised design activities. Its registered office is in Liège. It employs on average 5,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0731.586.767
Incorporation
25/07/2019
Legal form
Private limited company
Registered office
Rue Montgomery 42
4030 Liège · WallonieSee on map
Contributed capital
112 600,00 €
Latest accounts
31/12/2025
Average workforce
5,3 ETP
Joint committees (3)
  • 100
  • 130
  • 200
Signals
Good liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 6 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin350,6 k €596,5 k €631,9 k €411,9 k €372,6 k €
EBITDA40,5 k €262 k €218,1 k €121,5 k €119,1 k €
Operating result-8,6 k €156,8 k €109,7 k €15,8 k €26,6 k €
Net result-9,1 k €109,7 k €74,8 k €3,9 k €11 k €
Balance sheet
Equity117,8 k €126,9 k €298,1 k €223,2 k €222,4 k €
Total assets516,4 k €779,3 k €753,5 k €1,1 M €857,2 k €
Cash154,1 k €178,3 k €388,1 k €341,5 k €402,1 k €
Debts319,9 k €616,3 k €418,5 k €871 k €626,3 k €
Other
Workforce5,3 ETP5,1 ETP5,4 ETP4,7 ETP4,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

RC PREMIUM

Director · since 30 juillet 2019

Represented by Raphael COHEN

Active

Ended mandates

MSM SAS

Director · since 17 juillet 2019 · until 09 juin 2023

Represented by Sébastien MAYER

Ended
MSM SAS

Director · since 17 juillet 2019

Represented by Sébastien MAYER

Ended

Other companies at this address

Rue Montgomery 42 4030 Liège
CompanyCBE no.
WH GROUPE● Active
0678.820.549
W H MONTGOMERY● Active
0414.480.604

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/04/2019
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 months21 months
Filing date27/08/202629/10/202528/08/202426/06/202319/08/202231/08/2021
General meeting26/06/202604/09/202528/06/202409/06/202330/06/202218/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202627/08/2026FrenchPDF
Abridged model31/12/202404/09/202529/10/2025FrenchPDF
Abridged model31/12/202328/06/202428/08/2024FrenchPDF
Abridged model31/12/202209/06/202326/06/2023FrenchPDF
Abridged model31/12/202130/06/202219/08/2022FrenchPDF
Abridged model31/12/202018/05/202131/08/2021FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

RC PREMIUM

Director · since 30 juillet 2019

Represented by Raphael COHEN

Active

Ended mandates

MSM SAS

Director · since 17 juillet 2019 · until 09 juin 2023

Represented by Sébastien MAYER

Ended
MSM SAS

Director · since 17 juillet 2019

Represented by Sébastien MAYER

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/12/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other29/07/2019
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

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 2025-9,1 k €↓
  2. 2024
    Annual accounts 2024109,7 k €↑
  3. 2023
    Annual accounts 202374,8 k €↑
  4. 2022
    Annual accounts 20223,9 k €↓
  5. 2021
    Annual accounts 202111 k €
  6. 25/07/2019
    IncorporationPrivate limited company