ACTIVE

Well One

Financial year 2025 · closed on 31/12/2025
Net result
652,3 k €
+8.9% YoY
Gross margin
-380,5 k €
-10.2% YoY
Equity
42 M €
+17.7% YoY

What does Well One do?

Well One is a Public limited company incorporated in 2019. Its main activity is: Trusts, funds and similar financial entities. Its registered office is in Sint-Martens-Latem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0739.788.217
Incorporation
18/12/2019
Legal form
Public limited company
Registered office
Kortrijksesteenweg 48 box 5
9830 Sint-Martens-Latem · FlandreSee on map
Contributed capital
43 157 500,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin-380,5 k €-345,2 k €-689,4 k €-574,1 k €-1,1 M €-1,1 M €
EBITDA-381,7 k €-346,4 k €-690,5 k €-575,1 k €-1,1 M €-1,1 M €
Operating result-394,4 k €-414,2 k €-758,1 k €-641,4 k €-1,1 M €-1,2 M €
Net result652,3 k €599,1 k €-3,1 k €-272,4 k €-970,7 k €-1,2 M €
Balance sheet
Equity42 M €35,7 M €31,1 M €23,3 M €10 M €9,9 M €
Total assets45,1 M €38,7 M €31,9 M €26,3 M €13,3 M €10,2 M €
Cash15,8 €195,2 k €958 k €1,2 M €206,1 k €888,4 k €
Debts3,1 M €3 M €837,7 k €3 M €3,3 M €271,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 31 ended

Active mandates

ASSETS INVEST

Director · since 19 décembre 2025 · until 09 mai 2031 · 0479.232.755

Represented by Alex De Witte

Active
Baltisse Real Estate

Director · since 19 décembre 2025 · until 09 mai 2031 · 0866.682.528

Represented by Marc Janssens

Active
DEMRO

Director · since 19 décembre 2025 · until 09 mai 2031 · 0878.437.938

Represented by Jan Demeyere

Active
Dirom

Director · since 19 décembre 2025 · until 09 mai 2031 · 0669.985.037

Represented by Didier Balcaen

Active
Piet Vervinckt

Director · since 19 décembre 2025 · until 09 mai 2031

Active
Simon Balcaen

Director · since 19 décembre 2025 · until 09 mai 2031

Active
WELLMAN

Managing director · since 19 décembre 2025 · until 09 mai 2031 · 0738.648.367

Represented by Piet Van Waes

Active
WOVAK

Director · since 19 décembre 2025 · until 09 mai 2031 · 0787.192.810

Represented by Dirk Vanderschrick

Active
PERUNA

Director · since 18 novembre 2025 · until 09 mai 2031 · 1007.706.472

Represented by Jan Clarebout

Active
Géraldine Billiet

Director · since 12 mai 2022 · until 12 mai 2028

Active
Avenue Building

Director · since 18 décembre 2019 · until 18 décembre 2025 · 0838.744.449

Represented by Alex De Witte

Active
CLAREBOUT

Director · since 18 décembre 2019 · until 18 novembre 2025 · 0452.829.157

Represented by Jan Clarebout

Active
COCONSULT

Director · since 18 décembre 2019 · until 18 décembre 2025 · 0433.325.625

Represented by Mark Duyck

Active

Ended mandates

Géraldine Billiet

Director · since 12 mai 2022 · until 09 mai 2025

Ended
Géraldine Billiet

Director · since 12 mai 2022 · until 11 mai 2028

Ended
Avenue Building

Director · since 18 décembre 2019 · until 18 décembre 2025 · 0838.744.449

Represented by Alex DE WITTE

Ended
Avenue Building

Director · since 18 décembre 2019 · until 09 mai 2025 · 0838.744.449

Represented by Alex De Witte

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202118/12/2019
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 months13 months
Filing date30/06/202627/06/202510/07/202407/06/202310/06/202204/05/2022
General meeting11/05/202612/05/202515/05/202412/05/202312/05/202214/05/2021
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
Abridged model31/12/202511/05/202630/06/2026DutchPDF
Abridged model31/12/202412/05/202527/06/2025DutchPDF
Abridged model31/12/202315/05/202410/07/2024DutchPDF
Abridged model31/12/202212/05/202307/06/2023DutchPDF
Abridged model31/12/202112/05/202210/06/2022DutchPDF
Abridged modelCorrection31/12/202014/05/202104/05/2022DutchPDF
Abridged model31/12/202014/05/202121/05/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 13 active · 31 ended

Active mandates

ASSETS INVEST

Director · since 19 décembre 2025 · until 09 mai 2031 · 0479.232.755

Represented by Alex De Witte

Active
Baltisse Real Estate

Director · since 19 décembre 2025 · until 09 mai 2031 · 0866.682.528

Represented by Marc Janssens

Active
DEMRO

Director · since 19 décembre 2025 · until 09 mai 2031 · 0878.437.938

Represented by Jan Demeyere

Active
Dirom

Director · since 19 décembre 2025 · until 09 mai 2031 · 0669.985.037

Represented by Didier Balcaen

Active
Piet Vervinckt

Director · since 19 décembre 2025 · until 09 mai 2031

Active
Simon Balcaen

Director · since 19 décembre 2025 · until 09 mai 2031

Active
WELLMAN

Managing director · since 19 décembre 2025 · until 09 mai 2031 · 0738.648.367

Represented by Piet Van Waes

Active
WOVAK

Director · since 19 décembre 2025 · until 09 mai 2031 · 0787.192.810

Represented by Dirk Vanderschrick

Active
PERUNA

Director · since 18 novembre 2025 · until 09 mai 2031 · 1007.706.472

Represented by Jan Clarebout

Active
Géraldine Billiet

Director · since 12 mai 2022 · until 12 mai 2028

Active
Avenue Building

Director · since 18 décembre 2019 · until 18 décembre 2025 · 0838.744.449

Represented by Alex De Witte

Active
CLAREBOUT

Director · since 18 décembre 2019 · until 18 novembre 2025 · 0452.829.157

Represented by Jan Clarebout

Active
COCONSULT

Director · since 18 décembre 2019 · until 18 décembre 2025 · 0433.325.625

Represented by Mark Duyck

Active

Ended mandates

Géraldine Billiet

Director · since 12 mai 2022 · until 09 mai 2025

Ended
Géraldine Billiet

Director · since 12 mai 2022 · until 11 mai 2028

Ended
Avenue Building

Director · since 18 décembre 2019 · until 18 décembre 2025 · 0838.744.449

Represented by Alex DE WITTE

Ended
Avenue Building

Director · since 18 décembre 2019 · until 09 mai 2025 · 0838.744.449

Represented by Alex De Witte

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Capital / shares03/04/2023
    KAPITAAL - AANDELEN
    PDF
  • Mandates19/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares03/12/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    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 2025652,3 k €
  2. 2024
    Annual accounts 2024599,1 k €
  3. 2023
    Annual accounts 2023-3,1 k €
  4. 2022
    Annual accounts 2022-272,4 k €
  5. 2021
    Annual accounts 2021-970,7 k €
  6. 2020
    Annual accounts 2020-1,2 M €
  7. 2020
    Name changeWell One
  8. 2020
    Name changeWell One Private Privak
  9. 18/12/2019
    IncorporationPublic limited company