ACTIVE

WAB

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Financial year 2025 · closed on 31/12/2025

Net result

-107,8 k €

-8.9% YoY

Gross margin

49,1 k €

-47.7% YoY

Equity

172 k €

-38.5% YoY

Workforce

0,3 ETP

-57.1% YoY

What does WAB do?

WAB is a Private limited company incorporated in 2011. Its registered office is in Engis. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0838.762.760

Incorporation

25/08/2011

Legal form

Private limited company

Registered office

Rue Magotte(Herm) 1
4480 Engis · WallonieSee on map

Contributed capital

129 400,00 €

Latest accounts

31/12/2025

Average workforce

0,3 ETP

Joint committees (1)

Signals

Solid equityPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	49,1 k €	-47.7%	93,9 k €	-31.7%	137,5 k €	+11.9%	122,9 k €	+0.3%	122,6 k €	+5.3%	116,4 k €	+26.0%	92,4 k €	+153%	36,5 k €	+47.0%	24,8 k €	+469%	-6,7 k €	-114%	49,6 k €	+6.4%	46,6 k €	+5.8%	44,1 k €	-24.0%	58 k €
EBITDA	40,6 k €	-33.0%	60,7 k €	-15.7%	71,9 k €	+9.9%	65,4 k €	-4.9%	68,8 k €	+9.6%	62,7 k €	+27.3%	49,3 k €	+41.3%	34,9 k €	+45.5%	24 k €	+404%	-7,9 k €	-116%	48,9 k €	+6.5%	45,9 k €	+5.9%	43,3 k €	-23.5%	56,7 k €
Operating result	28,6 k €	-41.2%	48,6 k €	-18.8%	59,9 k €	+13.3%	52,8 k €	-6.0%	56,2 k €	+19.3%	47,1 k €	+40.0%	33,6 k €	+75.1%	19,2 k €	+152%	7,6 k €	+168%	-11,2 k €	-123%	48,6 k €	+6.0%	45,9 k €	+5.9%	43,3 k €	-23.5%	56,7 k €
Net result	-107,8 k €	-8.9%	-98,9 k €	+10.8%	-110,9 k €	-3276%	3,5 k €	-76.1%	14,6 k €	+149%	-29,8 k €	-9555%	315,6 €	-58.3%	757,6 €	-99.0%	73,1 k €	-69.5%	239,8 k €	+706%	29,8 k €	+32.1%	22,5 k €	+12.7%	20 k €	-73.9%	76,5 k €
Balance sheet
Equity	172 k €	-38.5%	279,8 k €	-26.1%	378,7 k €	-22.7%	489,7 k €	+0.7%	486,2 k €	+3.1%	471,6 k €	-6.0%	501,4 k €	+0.1%	501,1 k €	+0.2%	500,3 k €	+12.9%	443,3 k €	+59.3%	278,2 k €	+12.0%	248,5 k €	+10.0%	225,9 k €	+9.7%	205,9 k €
Total assets	453,3 k €	-19.7%	564,2 k €	-21.6%	719,9 k €	-16.8%	865,3 k €	-4.7%	908,2 k €	-3.9%	945,3 k €	-13.6%	1,1 M €	-1.7%	1,1 M €	-2.4%	1,1 M €	+1.3%	1,1 M €	+133%	482,8 k €	-0.0%	483 k €	-1.0%	487,8 k €	-1.9%	497,1 k €
Cash	4 k €	+1072%	345,1 €	-81.2%	1,8 k €	-30.7%	2,7 k €	-73.5%	10 k €	-41.5%	17,1 k €	-61.4%	44,3 k €	+214%	14,1 k €	-60.6%	35,8 k €	-73.4%	134,7 k €	+105496%	127,6 €	-84.0%	796,8 €	-85.7%	5,6 k €	-56.4%	12,7 k €
Debts	221,7 k €	+0.7%	220 k €	-19.1%	272,1 k €	-9.9%	302 k €	-12.2%	343,8 k €	-12.0%	390,8 k €	-22.6%	505 k €	-2.9%	519,9 k €	-4.4%	543,9 k €	-6.7%	582,9 k €	+186%	203,9 k €	-12.8%	233,8 k €	-10.4%	261 k €	-10.3%	290,9 k €
Other
Workforce	0,3 ETP	-57.1%	0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Walther BERTRAND

Director

Active

Ended mandates

Walther BERTRAND

Manager · since 09 août 2011

Ended

Walter BERTRAND

Manager

Ended

Walther BERTRAND

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ENTREPRISE DE PAVAGE H. DEFERM● Active	0441.659.311
UTVA PAVAGE BERTRAND & DEFERM● Active	0667.610.913

Annual accounts

Full financial information

	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	17/06/2026	04/07/2025	24/06/2024	01/06/2023	27/05/2022	02/06/2021
General meeting	15/06/2026	28/06/2025	21/06/2024	03/05/2023	25/05/2022	29/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	17/06/2026	French	PDF
Abridged model	31/12/2024	28/06/2025	04/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	24/06/2024	French	PDF
Abridged model	31/12/2022	03/05/2023	01/06/2023	French	PDF
Abridged model	31/12/2021	25/05/2022	27/05/2022	French	PDF
Abridged model	31/12/2020	29/05/2021	02/06/2021	French	PDF
Abridged model	31/12/2019	13/08/2020	18/08/2020	French	PDF
Abridged model	31/12/2018	29/06/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	10/06/2017	10/07/2017	French	PDF
Abridged model	31/12/2015	09/06/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	10/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	11/07/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	26/07/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 3 ended

Active mandates

Walther BERTRAND

Director

Active

Ended mandates

Walther BERTRAND

Manager · since 09 août 2011

Ended

Walter BERTRAND

Manager

Ended

Walther BERTRAND

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other06/02/2013
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other06/09/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-107,8 k €↓
2024
Annual accounts 2024-98,9 k €↑
2023
Annual accounts 2023-110,9 k €↓
2022
Annual accounts 20223,5 k €↓
2021
Annual accounts 202114,6 k €↑
2020
Annual accounts 2020-29,8 k €↓
2019
Annual accounts 2019315,6 €↓
2018
Annual accounts 2018757,6 €↓
2017
Annual accounts 201773,1 k €↓
2016
Annual accounts 2016239,8 k €↑
2015
Annual accounts 201529,8 k €↑
2014
Annual accounts 201422,5 k €↑
2013
Annual accounts 201320 k €↓
2012
Annual accounts 201276,5 k €
25/08/2011
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

WAB

Overview

What does WAB do?

Trend over 14 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