ACTIVE

WELMAC

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Financial year 2025 · closed on 31/12/2025
Net result
-158,9 k €
-186.0% YoY
Revenue
11,1 M €
-18.4% YoY
Equity
1,4 M €
-10.2% YoY
Workforce
66,3 ETP
-3.5% YoY

What does WELMAC do?

WELMAC is a Public limited company incorporated in 2009. Its main activity is: Manufacture of other builders' carpentry and joinery. Its registered office is in Zutendaal. It employs on average 66,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0821.590.394
Incorporation
16/12/2009
Legal form
Public limited company
Registered office
Langendijkstraat 8
3690 Zutendaal · FlandreSee on map
Contributed capital
1 025 000,00 €
Latest accounts
31/12/2025
Average workforce
66,3 ETP
Activities (NACE)
16230Manufacture of other builders' carpentry and joinery· main16250Manufacture of products of wood, cork, straw and plaiting materials46649Wholesale of machinery for the textile industry and of sewing and knitting machines46699Wholesale of other machinery and equipment43320Joinery installation43320Joinery installation+2
Joint committees (7)
  • 111
  • 1110
  • 124
  • 1240
  • 126
  • 1260
  • 200
Signals
Positive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022201820172016201520142013201220112010
Income statement
Revenue11,1 M €13,6 M €13,5 M €13 M €–––––––––
EBITDA336,6 k €612,8 k €529,9 k €401,1 k €243,1 k €131,6 k €134,1 k €62,6 k €65,5 k €72,7 k €77,1 k €77,4 k €71,4 k €
Operating result-41,4 k €339,7 k €283,1 k €111,1 k €35,4 k €-7,8 k €21,5 k €12,6 k €15,5 k €22,7 k €27,1 k €27,4 k €21,4 k €
Net result-158,9 k €184,8 k €147,5 k €49 k €10 k €-17,3 k €8,1 k €7,1 k €8,2 k €11,9 k €12,7 k €13,7 k €-4,2 k €
Balance sheet
Equity1,4 M €1,6 M €1,4 M €1,2 M €1 M €1 M €1 M €107,4 k €106,8 k €106,1 k €102,2 k €101,5 k €95,8 k €
Total assets5,4 M €5,3 M €4,6 M €4,7 M €3,5 M €2,9 M €2,5 M €203,2 k €257,7 k €310,7 k €374 k €413,7 k €469,6 k €
Cash51,4 k €114,2 k €305,9 k €76,8 k €66 k €272,8 k €11,8 k €3,2 k €2,4 k €2,1 k €4,9 k €474,7 €–
Debts4 M €3,7 M €3,2 M €3,4 M €2,4 M €1,8 M €1,4 M €95,8 k €150,9 k €204,6 k €269 k €310,7 k €373,8 k €
Other
Workforce66,3 ETP68,7 ETP65,9 ETP65,3 ETP57,5 ETP58,5 ETP15,3 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Karel Stassen

Director · since 04 mars 2022 · until 02 juin 2028

Active
PAUL VLIEGEN

Director · since 04 mars 2022 · until 02 juin 2028

Active

Ended mandates

PAUL VLIEGEN

Managing director · since 04 mars 2022 · until 02 juin 2028

Ended
GEERITS HOLDING

Director · since 10 octobre 2016 · until 03 avril 2018 · 0831.791.232

Represented by Jozef Geerits

Ended
GEERITS HOLDING

Director · since 10 octobre 2016 · until 03 juin 2022 · 0831.791.232

Represented by Jozef Geerits

Ended
Karel Stassen

Director · since 10 octobre 2016 · until 03 juin 2022

Ended
At this address

Other companies at this address

CompanyCBE no.
KAPA● Active
0730.668.336
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 months12 months
Filing date18/06/202623/04/202527/03/202424/03/202314/03/202210/03/2021
General meeting05/06/202622/04/202526/03/202406/03/202304/03/202208/03/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202618/06/2026DutchPDF
Full model31/12/202422/04/202523/04/2025DutchPDF
Full model31/12/202326/03/202427/03/2024DutchPDF
Full model31/12/202206/03/202324/03/2023DutchPDF
Full model31/12/202104/03/202214/03/2022DutchPDF
Full model31/12/202008/03/202110/03/2021DutchPDF
Abridged model31/12/201930/06/202013/07/2020DutchPDF
Abridged model31/12/201807/06/201913/06/2019DutchPDF
Abridged model31/12/201701/06/201821/06/2018DutchPDF
Abridged model31/12/201602/06/201729/06/2017DutchPDF
Abridged model31/12/201503/06/201607/06/2016DutchPDF
Abridged model31/12/201405/06/201522/06/2015DutchPDF
Abridged model31/12/201306/06/201426/06/2014DutchPDF
Abridged model31/12/201207/06/201326/08/2013DutchPDF
Abridged model31/12/201101/06/201213/07/2012DutchPDF
Abridged model31/12/201003/06/201109/08/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 9 ended

Active mandates

Karel Stassen

Director · since 04 mars 2022 · until 02 juin 2028

Active
PAUL VLIEGEN

Director · since 04 mars 2022 · until 02 juin 2028

Active

Ended mandates

PAUL VLIEGEN

Managing director · since 04 mars 2022 · until 02 juin 2028

Ended
GEERITS HOLDING

Director · since 10 octobre 2016 · until 03 avril 2018 · 0831.791.232

Represented by Jozef Geerits

Ended
GEERITS HOLDING

Director · since 10 octobre 2016 · until 03 juin 2022 · 0831.791.232

Represented by Jozef Geerits

Ended
Karel Stassen

Director · since 10 octobre 2016 · until 03 juin 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other18/09/2026
    STATUTEN (VERTALING, COORDINATIE, OVERIGE
    PDF
  • Other25/04/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates30/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/06/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/10/2016
    MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other30/12/2009
    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

Timeline

  1. 2025
    Annual accounts 2025-158,9 k €↓
  2. 2024
    Annual accounts 2024184,8 k €↑
  3. 2023
    Annual accounts 2023147,5 k €↑
  4. 2022
    Annual accounts 202249 k €↑
  5. 2018
    Annual accounts 201810 k €↑
  6. 2017
    Annual accounts 2017-17,3 k €↓
  7. 2016
    Annual accounts 20168,1 k €↑
  8. 2015
    Annual accounts 20157,1 k €↓
  9. 2014
    Annual accounts 20148,2 k €↓
  10. 2013
    Annual accounts 201311,9 k €↓
  11. 2012
    Annual accounts 201212,7 k €↓
  12. 2011
    Annual accounts 201113,7 k €↑
  13. 2010
    Annual accounts 2010-4,2 k €
  14. 16/12/2009
    IncorporationPublic limited company