ACTIVE

ANGELWISE

Financial year 2025 · closed on 31/12/2025
Net result
-1,2 M €
-23.6% YoY
Equity
7,8 M €
+31.1% YoY

What does ANGELWISE do?

ANGELWISE is a Public limited company incorporated in 2021. Its registered office is in Hasselt.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0778.895.548
Incorporation
21/12/2021
Legal form
Public limited company
Registered office
Hendrik van Veldekesingel 150 box 7
3500 Hasselt · FlandreSee on map
Contributed capital
11 000 999,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidity
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
EBITDA-449,5 k €-436,1 k €-436,5 k €
Operating result-472,7 k €-459,2 k €-459,6 k €
Net result-1,2 M €-937,4 k €-664,7 k €
Balance sheet
Equity7,8 M €5,9 M €3,9 M €
Total assets7,8 M €5,9 M €3,9 M €
Cash921,7 k €420,4 k €507,9 k €
Debts7,3 k €14,7 k €18,1 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 · 7 active · 6 ended

Active mandates

Participatiemaatschappij Vlaanderen

Director · since 25 novembre 2024 · until 21 décembre 2027 · 0455.777.660

Represented by Thomas Berger

Active
ADVIESBUREAU MERCURIUS

Chairman of the board of directors · since 21 décembre 2021 · until 21 décembre 2027 · 0473.962.982

Represented by Reginald Vossen

Active
Angelwise Beheer

Managing director · since 21 décembre 2021 · until 21 décembre 2027 · 0778.700.261

Represented by Marc Mommaerts

Active
Centrum voor Ondersteuning van digitale Innovatie

Director · since 21 décembre 2021 · until 21 décembre 2027 · 0416.237.094

Represented by Hedwig Vergeylen

Active
Cynthia Cornelissen

Director · since 21 décembre 2021 · until 21 décembre 2027

Active
QUNOVA PROJECTS

Director · since 21 décembre 2021 · until 21 décembre 2027 · 0536.577.175

Represented by Jan Vorstermans

Active
Rik Duyck

Director · since 21 décembre 2021 · until 21 décembre 2027

Active

Ended mandates

Participatiemaatschappij Vlaanderen

Director · since 25 novembre 2024 · 0455.777.660

Represented by Thomas Berger

Ended
ADVIESBUREAU MERCURIUS

Chairman of the board of directors · since 21 décembre 2021 · until 21 décembre 2027 · 0473.962.982

Represented by Reginald Vossen

Ended
Angelwise Beheer

Managing director · since 21 décembre 2021 · until 21 décembre 2027 · 0778.700.261

Represented by Marc Mommaerts

Ended
QUNOVA PROJECTS

Director · since 21 décembre 2021 · until 21 décembre 2027 · 0536.577.175

Represented by Jan Vorstermans

Ended
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Annual accounts

Full financial information

2025202420232022
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202321/12/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months13 months
Filing date07/05/202608/05/202523/05/202423/05/2023
General meeting24/04/202625/04/202526/04/202428/04/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/04/202607/05/2026DutchPDF
Full model31/12/202425/04/202508/05/2025DutchPDF
Full model31/12/202326/04/202423/05/2024DutchPDF
Full model31/12/202228/04/202323/05/2023DutchPDF
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 · 7 active · 6 ended

Active mandates

Participatiemaatschappij Vlaanderen

Director · since 25 novembre 2024 · until 21 décembre 2027 · 0455.777.660

Represented by Thomas Berger

Active
ADVIESBUREAU MERCURIUS

Chairman of the board of directors · since 21 décembre 2021 · until 21 décembre 2027 · 0473.962.982

Represented by Reginald Vossen

Active
Angelwise Beheer

Managing director · since 21 décembre 2021 · until 21 décembre 2027 · 0778.700.261

Represented by Marc Mommaerts

Active
Centrum voor Ondersteuning van digitale Innovatie

Director · since 21 décembre 2021 · until 21 décembre 2027 · 0416.237.094

Represented by Hedwig Vergeylen

Active
Cynthia Cornelissen

Director · since 21 décembre 2021 · until 21 décembre 2027

Active
QUNOVA PROJECTS

Director · since 21 décembre 2021 · until 21 décembre 2027 · 0536.577.175

Represented by Jan Vorstermans

Active
Rik Duyck

Director · since 21 décembre 2021 · until 21 décembre 2027

Active

Ended mandates

Participatiemaatschappij Vlaanderen

Director · since 25 novembre 2024 · 0455.777.660

Represented by Thomas Berger

Ended
ADVIESBUREAU MERCURIUS

Chairman of the board of directors · since 21 décembre 2021 · until 21 décembre 2027 · 0473.962.982

Represented by Reginald Vossen

Ended
Angelwise Beheer

Managing director · since 21 décembre 2021 · until 21 décembre 2027 · 0778.700.261

Represented by Marc Mommaerts

Ended
QUNOVA PROJECTS

Director · since 21 décembre 2021 · until 21 décembre 2027 · 0536.577.175

Represented by Jan Vorstermans

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/09/2022
    KAPITAAL - AANDELEN
    PDF
  • Mandates07/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other23/12/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025-1,2 M €
  2. 2024
    Annual accounts 2024-937,4 k €
  3. 2023
    Annual accounts 2023-664,7 k €
  4. 21/12/2021
    IncorporationPublic limited company