WEL Research Institute
0812.367.476 · rovalta.com · 26/09/2026
ACTIVE
WEL Research Institute
Financial year 2025 · Closed on 31/12/2025
Net result471,7 k €+305,7 %over 1 year
Gross margin969,6 k €+79,1 %over 1 year
Equity3,1 M €+17,7 %over 1 year
Workforce3,0 ETP0,0 %over 1 year
Overview
Identity
Source · BCE/KBOWEL Research Institute is a Non-profit organization incorporated in 2009. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Wavre. It employs on average 3,0 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0812.367.476
- Incorporation
- 18/06/2009
- Legal form
- Non-profit organization
- Registered office
- Avenue Pasteur 6
1300 Wavre · WallonieSee on map - Latest accounts
- 31/12/2025
- Average workforce
- 3,0 ETP
Activities (NACE)
Joint committees (1)
- 337
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Financials
Source · NBB, 9 filingsTrend over 9 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 969,6 k € | +79.1% | 541,4 k € | +38.1% | 392,2 k € | +64.2% | 238,9 k € | +13.2% | 211,1 k € |
| EBITDA | 457,6 k € | +314% | 110,5 k € | +89.9% | 58,2 k € | +364% | 12,5 k € | -74.6% | 49,5 k € |
| Operating result | 456 k € | +321% | 108,4 k € | +91.5% | 56,6 k € | +371% | 12 k € | -75.7% | 49,5 k € |
| Net result | 471,7 k € | +306% | 116,3 k € | +91.9% | 60,6 k € | +565% | 9,1 k € | -80.8% | 47,6 k € |
| Balance sheet | |||||||||
| Equity | 3,1 M € | +17.7% | 2,7 M € | +4.6% | 2,5 M € | +2.4% | 2,5 M € | +0.4% | 2,5 M € |
| Total assets | 3,6 M € | +25.7% | 2,9 M € | +7.1% | 2,7 M € | +6.0% | 2,5 M € | +0.4% | 2,5 M € |
| Cash | 204,7 € | -21.1% | 259,3 € | +33.4% | 194,3 € | +35.8% | 143,1 € | -3.4% | 148,2 € |
| Debts | 475,4 k € | +133% | 204 k € | +50.8% | 135,3 k € | +212% | 43,4 k € | +5.0% | 41,3 k € |
| Other | |||||||||
| Workforce | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | +100% | 1,5 ETP | – | |
Valuation
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202514 active · 56 ended
Active mandates
Jean-François CORBISIER
ActiveNathalie LEBOEUF
ActiveDanielle Aubry
ActivePhilippe DENOEL
ActiveGwenaëlle DE KEYSER
ActiveJean François HEUSE
ActiveJoëlle VAN MALDEREN
ActiveMarc VAN DEN NESTE
ActivePhilippe LAMBIN
ActiveRuddy WATTIEZ
ActiveMarius GILBERT
ActiveJean-Christophe RENAULD
ActivePierre LEKEUX
ActiveVéronique HALLOIN
ActiveEnded mandates
Catherine DATH
EndedCatherine DATH
EndedFabrice BUREAU
EndedFabrice BUREAU
EndedOther companies at this address
Avenue Pasteur 6 1300 Wavre| Company | CBE no. |
|---|---|
ABILITEAM● Active | 0769.688.268 |
ADMINISTRATIVE AND TECHNICAL ASSISTANCE● Bankrupt | 0426.737.741 |
A.I.P. Consult● Bankrupt | 0778.278.708 |
| 0864.222.092 | |
Association de Capoeira Brabant● Active | 0732.889.141 |
BE TRADING.BE● Bankrupt | 0764.384.249 |
BRAINPEARLS● Active | 1032.032.389 |
Caléne● Active | 1042.497.897 |
Centigon Holdings● Active | 0826.346.067 |
| 0562.870.808 | |
Changin'It● Active | 0768.782.903 |
CONSTRUCTIONS VELVET GROUP● Active | 1032.332.792 |
ConstruForm● Active | 0755.353.747 |
COSSTRA● Bankrupt | 0862.851.325 |
CTG ITS● Active | 0822.125.181 |
Dev4Log● Active | 0782.986.176 |
DIGITAL LIFE● Active | 0695.859.786 |
DIGITAL WAVE● Active | 0867.520.092 |
EDITIONS MERCKX UITGEVERIJ● Active | 0436.681.726 |
EFFIC@PREST● Bankrupt | 0829.539.644 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 25/06/2026 | 02/06/2025 | 01/07/2024 | 27/06/2023 | 24/06/2022 | 09/08/2021 |
| General meeting | 08/06/2026 | 12/05/2025 | 17/06/2024 | 21/06/2023 | 09/06/2022 | 08/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 9 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 08/06/2026 | 25/06/2026 | French | |
| Abridged model | 31/12/2024 | 12/05/2025 | 02/06/2025 | French | |
| Abridged model | 31/12/2023 | 17/06/2024 | 01/07/2024 | French | |
| Abridged model | 31/12/2022 | 21/06/2023 | 27/06/2023 | French | |
| Abridged model | 31/12/2021 | 09/06/2022 | 24/06/2022 | French | |
| Abridged model | 31/12/2020 | 08/06/2021 | 09/08/2021 | French | |
| Abridged model | 31/12/2019 | 24/06/2020 | 31/08/2020 | French | |
| Abridged model | 31/12/2018 | 26/03/2019 | 21/05/2019 | French | |
| Abridged model | 31/12/2017 | 18/04/2018 | 04/05/2018 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202514 active · 56 ended
Active mandates
Jean-François CORBISIER
ActiveNathalie LEBOEUF
ActiveDanielle Aubry
ActivePhilippe DENOEL
ActiveGwenaëlle DE KEYSER
ActiveJean François HEUSE
ActiveJoëlle VAN MALDEREN
ActiveMarc VAN DEN NESTE
ActivePhilippe LAMBIN
ActiveRuddy WATTIEZ
ActiveMarius GILBERT
ActiveJean-Christophe RENAULD
ActivePierre LEKEUX
ActiveVéronique HALLOIN
ActiveEnded mandates
Catherine DATH
EndedCatherine DATH
EndedFabrice BUREAU
EndedFabrice BUREAU
EndedOwnership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates09/09/2026DEMISSIONS, NOMINATIONS
- Mandates20/07/2026DEMISSIONS, NOMINATIONS
- Mandates16/05/2025DEMISSIONS, NOMINATIONS
- Mandates30/01/2025DEMISSIONS, NOMINATIONS
- Mandates21/09/2023DEMISSIONS, NOMINATIONS
- Mandates16/11/2022STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
- Other27/10/2021DIVERS
- Mandates09/09/2021SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025471,7 k €↑
- 2024Annual accounts 2024116,3 k €↑
- 2023Annual accounts 202360,6 k €↑
- 2022Annual accounts 20229,1 k €↓
- 2022Name changeWEL RESEARCH INSTITUTE
- 2021Annual accounts 202147,6 k €↓
- 2021Name changeWELBIO
- 2020Annual accounts 2020139,2 k €↑
- 2019Annual accounts 201976,7 k €↓
- 2018Annual accounts 2018171,4 k €↓
- 2017Annual accounts 2017212 k €
- 2017Name changeInstitut wallon virtuel de recherche d'excellence dans les domaines des sciences de la vie
- 18/06/2009IncorporationNon-profit organization