ACTIVE

W Projects

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Financial year 2025 · closed on 31/12/2025

Net result

314,1 k €

-18.2% YoY

Gross margin

640,2 k €

-4.7% YoY

Equity

1,4 M €

+20.8% YoY

What does W Projects do?

W Projects is a Private limited company incorporated in 2010. Its registered office is in Herentals.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.070.446

Incorporation

07/01/2010

Legal form

Private limited company

Registered office

Fabiolastraat(NDW) 13
2200 Herentals · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	640,2 k €	-4.7%	671,7 k €	+26.9%	529,4 k €	+126%	234,2 k €	+108%	112,4 k €	-17.6%	136,3 k €	-25.6%	183,2 k €	+5.5%	173,7 k €	+31.8%	131,8 k €	+16.6%	113 k €	-54.3%	247,4 k €	+120%	112,6 k €	+7.9%	104,3 k €	-21.9%	133,6 k €	+179%	47,9 k €	+45.6%	32,9 k €
EBITDA	586,2 k €	-11.1%	659,5 k €	+27.8%	516,2 k €	+143%	212,6 k €	+108%	102,4 k €	-17.5%	124,2 k €	-29.2%	175,3 k €	+4.2%	168,3 k €	+31.0%	128,5 k €	+16.9%	109,9 k €	-55.1%	244,6 k €	+122%	110,2 k €	+6.3%	103,7 k €	-22.4%	133,6 k €	+218%	42 k €	+28.1%	32,8 k €
Operating result	474,6 k €	-12.9%	544,6 k €	+18.8%	458,4 k €	+153%	181 k €	+162%	69,1 k €	-8.8%	75,7 k €	-40.4%	127 k €	+1.0%	125,7 k €	+85.2%	67,9 k €	+628%	-12,9 k €	-109%	139,3 k €	+251%	39,6 k €	-51.0%	80,9 k €	+121%	36,7 k €	-10.1%	40,8 k €	+29.2%	31,6 k €
Net result	314,1 k €	-18.2%	384 k €	+37.8%	278,7 k €	+129%	121,9 k €	-42.6%	212,2 k €	+383%	43,9 k €	-40.9%	74,3 k €	+11.9%	66,4 k €	+101%	33 k €	+156%	-59,3 k €	-203%	57,5 k €	+937%	5,5 k €	-88.4%	47,8 k €	+105%	23,3 k €	+6.7%	21,9 k €	+16.5%	18,8 k €
Balance sheet
Equity	1,4 M €	+20.8%	1,1 M €	+37.3%	826,1 k €	+50.9%	547,4 k €	+15.7%	473,3 k €	+38.4%	341,9 k €	+14.4%	298,8 k €	+33.1%	224,4 k €	+34.4%	167 k €	+24.6%	134 k €	-30.7%	193,3 k €	+42.3%	135,8 k €	+4.3%	130,3 k €	+57.9%	82,5 k €	+76.3%	46,8 k €	+87.6%	25 k €
Total assets	2,9 M €	-5.6%	3 M €	+39.6%	2,2 M €	+85.9%	1,2 M €	+2.0%	1,1 M €	-3.6%	1,2 M €	+0.3%	1,2 M €	-0.7%	1,2 M €	-12.3%	1,4 M €	-4.0%	1,4 M €	+16.7%	1,2 M €	+37.3%	887,4 k €	+79.0%	495,8 k €	+15.7%	428,3 k €	+508%	70,5 k €	+28.9%	54,7 k €
Cash	134,4 k €	-18.1%	164,1 k €	+67.5%	98 k €	-73.7%	372,6 k €	+298%	93,6 k €	+7.9%	86,8 k €	+161%	33,2 k €	+8.0%	30,7 k €	+37.3%	22,4 k €	-49.5%	44,3 k €	-74.3%	172,2 k €	-21.2%	218,6 k €	+160%	84 k €	+29.7%	64,7 k €	+53.7%	42,1 k €	-17.8%	51,2 k €
Debts	1,4 M €	-21.9%	1,8 M €	+42.9%	1,3 M €	+129%	565,9 k €	-8.3%	617 k €	-27.4%	850,2 k €	-4.2%	887,6 k €	-8.8%	972,7 k €	-18.8%	1,2 M €	-6.6%	1,3 M €	+25.7%	1 M €	+37.0%	744,9 k €	+105%	363,7 k €	+5.2%	345,8 k €	+1363%	23,6 k €	-20.4%	29,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 3 ended

Active mandates

Matthias Wullaert

Director · since 17 décembre 2020

Active

Alexander Wullaert

Director · since 27 mars 2018

Active

Erik Wullaert

Director · since 07 janvier 2010

Active

Ended mandates

Alexander Wullaert

Manager · since 27 mars 2018

Ended

Erik Wullaert

Director

Ended

Erik Wullaert

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	27/08/2026	30/06/2025	08/07/2024	31/08/2023	31/08/2022	29/07/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	30/06/2022	10/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/06/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	12/06/2025	30/06/2025	Dutch	PDF
Micro model	31/12/2023	13/06/2024	08/07/2024	Dutch	PDF
Micro model	31/12/2022	08/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	10/06/2021	29/07/2021	Dutch	PDF
Micro model	31/12/2019	20/08/2020	02/09/2020	Dutch	PDF
Micro model	31/12/2018	13/06/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	14/06/2018	09/07/2018	Dutch	PDF
Micro model	31/12/2016	08/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	09/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	09/06/2011	30/06/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 3 active · 3 ended

Active mandates

Matthias Wullaert

Director · since 17 décembre 2020

Active

Alexander Wullaert

Director · since 27 mars 2018

Active

Erik Wullaert

Director · since 07 janvier 2010

Active

Ended mandates

Alexander Wullaert

Manager · since 27 mars 2018

Ended

Erik Wullaert

Director

Ended

Erik Wullaert

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other20/01/2010
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

2025
Annual accounts 2025314,1 k €↓
2024
Annual accounts 2024384 k €↑
2023
Annual accounts 2023278,7 k €↑
2022
Annual accounts 2022121,9 k €↓
2021
Annual accounts 2021212,2 k €↑
2020
Annual accounts 202043,9 k €↓
2019
Annual accounts 201974,3 k €↑
2018
Annual accounts 201866,4 k €↑
2017
Annual accounts 201733 k €↑
2016
Annual accounts 2016-59,3 k €↓
2015
Annual accounts 201557,5 k €↑
2014
Annual accounts 20145,5 k €↓
2013
Annual accounts 201347,8 k €↑
2012
Annual accounts 201223,3 k €↑
2011
Annual accounts 201121,9 k €↑
2010
Annual accounts 201018,8 k €
07/01/2010
IncorporationPrivate limited company

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

W Projects

Overview

What does W Projects do?

Trend over 16 financial years

Indicative valuation

Board of directors

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