ACTIVE

WaterstofNet

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Financial year 2024 · closed on 31/12/2024

Net result

155,2 k €

-20.0% YoY

Gross margin

1,6 M €

-8.3% YoY

Equity

918,1 k €

+20.4% YoY

Workforce

11,3 ETP

-9.6% YoY

What does WaterstofNet do?

WaterstofNet is a Non-profit organization incorporated in 2009. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Turnhout. It employs on average 11,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0810.768.956

Incorporation

24/03/2009

Legal form

Non-profit organization

Registered office

Slachthuisstraat 112 box 1
2300 Turnhout · FlandreSee on map

Latest accounts

31/12/2024

Average workforce

11,3 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	1,6 M €	-8.3%	1,7 M €	+16.2%	1,5 M €	+6.6%	1,4 M €	-5.9%	1,5 M €	+1.8%	1,5 M €	+57.2%	931,1 k €	-10.9%	1 M €	+16.0%	900,8 k €	+1.5%	887,5 k €	-11.6%	1 M €	-0.1%	1 M €	+106%	489,1 k €	-9.6%	541,3 k €	+56.2%	346,5 k €
EBITDA	137,3 k €	-25.8%	184,9 k €	+212%	-165,6 k €	-247%	-47,7 k €	-109%	537,2 k €	-15.0%	632,2 k €	+185%	222,1 k €	-45.8%	410 k €	+4.4%	392,7 k €	-20.3%	493,1 k €	-18.5%	605,3 k €	+0.6%	601,6 k €	+253%	170,6 k €	-32.8%	253,7 k €	+288%	65,4 k €
Operating result	131,6 k €	-26.9%	180 k €	+207%	-169 k €	-237%	-50,1 k €	-146%	108,2 k €	+396%	21,8 k €	-44.6%	39,3 k €	-36.5%	61,9 k €	+153%	24,4 k €	+160%	-40,9 k €	-1109%	4,1 k €	+804%	448,4 €	+107%	-6,1 k €	-107%	85,6 k €	+36.5%	62,7 k €
Net result	155,2 k €	-20.0%	194 k €	+21.6%	159,5 k €	+410%	-51,5 k €	-148%	107,9 k €	+408%	21,2 k €	-45.0%	38,6 k €	-29.1%	54,4 k €	+118%	24,9 k €	+346%	5,6 k €	+159%	2,2 k €	-47.4%	4,1 k €	+128%	1,8 k €	-97.7%	78,5 k €	-9.5%	86,7 k €
Balance sheet
Equity	918,1 k €	+20.4%	762,8 k €	+34.1%	568,8 k €	+39.0%	409,3 k €	-11.2%	460,8 k €	-38.2%	745,2 k €	-36.3%	1,2 M €	+299%	293 k €	-50.7%	594,2 k €	-36.3%	933,5 k €	-36.0%	1,5 M €	-29.1%	2,1 M €	+43.5%	1,4 M €	+17.3%	1,2 M €	+190%	420,8 k €
Total assets	2,1 M €	-9.2%	2,3 M €	+4.8%	2,2 M €	+3.9%	2,1 M €	+20.8%	1,7 M €	+10.0%	1,6 M €	-29.6%	2,2 M €	+25.9%	1,8 M €	+1.7%	1,7 M €	-20.6%	2,2 M €	-19.1%	2,7 M €	-27.5%	3,7 M €	+21.9%	3,1 M €	+3.8%	2,9 M €	+11.8%	2,6 M €
Cash	1,7 M €	-4.0%	1,8 M €	+5.4%	1,7 M €	+3.0%	1,7 M €	+40.6%	1,2 M €	+59.4%	745,9 k €	-16.8%	896,6 k €	+80.2%	497,6 k €	-29.6%	706,8 k €	-29.9%	1 M €	+264%	277,5 k €	+196%	93,7 k €	-90.9%	1 M €	+152%	408,6 k €	-71.0%	1,4 M €
Debts	481,9 k €	-51.6%	994,8 k €	-14.0%	1,2 M €	+14.2%	1 M €	-2.3%	1 M €	+68.5%	615,5 k €	-25.4%	825,4 k €	-33.4%	1,2 M €	+33.3%	929,8 k €	-15.3%	1,1 M €	+1.9%	1,1 M €	-32.9%	1,6 M €	+0.2%	1,6 M €	-7.0%	1,7 M €	-22.1%	2,2 M €
Other
Workforce	11,3 ETP	-9.6%	12,5 ETP	+8.7%	11,5 ETP	+7.5%	10,7 ETP	+17.6%	9,1 ETP	+19.7%	7,6 ETP	+13.4%	6,7 ETP	+15.5%	5,8 ETP	+18.4%	4,9 ETP	+25.6%	3,9 ETP	+5.4%	3,7 ETP	-2.6%	3,8 ETP	+15.2%	3,3 ETP	+17.9%	2,8 ETP	+12.0%	2,5 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 31/12/2024 · 6 active · 34 ended

Active mandates

Bart Wuyts

Mandate

Active

Interuniversitair Micro-Electronica Centrum

Mandate · 0425.260.668

Represented by Jef Poortmans

Active

Jean Vliegen

Mandate

Active

Jörg Gigler

Mandate

Active

Marc Steen

Mandate

Active

SUSTESCO

Mandate · 0501.732.302

Represented by Marcel Meeus

Active

Ended mandates

Bert De Colvenaer

Chairman of the board of directors · since 21 juin 2021 · until 24 juin 2024

Ended

Blenders

Director · since 21 juin 2021 · until 24 juin 2024 · 0434.081.829

Represented by Bart Wuyts

Ended

Blenders

Director · since 21 juin 2021 · until 24 juin 2024 · 0434.081.829

Represented by Bart Wuyts

Ended

De Colvenaer Bert

Chairman of the board of directors · since 21 juin 2021 · until 24 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
DEKIMO TURNHOUT● Active	0642.501.571
Solar Energy Conversion Power Corporation● Bankrupt	0600.864.421

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/03/2026	18/09/2024	11/07/2023	05/07/2022	06/07/2021	30/06/2020
General meeting	25/02/2026	26/06/2024	19/06/2023	20/06/2022	21/06/2021	22/06/2020
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	25/02/2026	12/03/2026	Dutch	PDF
Abridged model	31/12/2023	26/06/2024	18/09/2024	Dutch	PDF
Abridged model	31/12/2022	19/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	06/07/2021	Dutch	PDF
Abridged model	31/12/2019	22/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	16/07/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	17/07/2018	Dutch	PDF
Abridged model	31/12/2016	27/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	01/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	14/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	29/06/2011	Dutch	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 31/12/2024 · 6 active · 34 ended

Active mandates

Bart Wuyts

Mandate

Active

Interuniversitair Micro-Electronica Centrum

Mandate · 0425.260.668

Represented by Jef Poortmans

Active

Jean Vliegen

Mandate

Active

Jörg Gigler

Mandate

Active

Marc Steen

Mandate

Active

SUSTESCO

Mandate · 0501.732.302

Represented by Marcel Meeus

Active

Ended mandates

Bert De Colvenaer

Chairman of the board of directors · since 21 juin 2021 · until 24 juin 2024

Ended

Blenders

Director · since 21 juin 2021 · until 24 juin 2024 · 0434.081.829

Represented by Bart Wuyts

Ended

Blenders

Director · since 21 juin 2021 · until 24 juin 2024 · 0434.081.829

Represented by Bart Wuyts

Ended

De Colvenaer Bert

Chairman of the board of directors · since 21 juin 2021 · until 24 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other14/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other07/04/2009
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

2024
Annual accounts 2024155,2 k €↓
2023
Annual accounts 2023194 k €↑
2022
Annual accounts 2022159,5 k €↑
2021
Annual accounts 2021-51,5 k €↓
2020
Annual accounts 2020107,9 k €↑
2019
Annual accounts 201921,2 k €↓
2018
Annual accounts 201838,6 k €↓
2017
Annual accounts 201754,4 k €↑
2016
Annual accounts 201624,9 k €↑
2015
Annual accounts 20155,6 k €↑
2014
Annual accounts 20142,2 k €↓
2013
Annual accounts 20134,1 k €↑
2012
Annual accounts 20121,8 k €↓
2011
Annual accounts 201178,5 k €↓
2010
Annual accounts 201086,7 k €
24/03/2009
IncorporationNon-profit organization

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

WaterstofNet

Overview

What does WaterstofNet do?

Trend over 15 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