ACTIVE

WAAR

Financial year 2025 · Closed on 31/12/2025

Net result248,2 k €-14,2 %over 1 year

Gross margin355 k €-2,7 %over 1 year

Equity1,1 M €+14,2 %over 1 year

Identity

Source · BCE/KBO

WAAR is a Private limited company incorporated in 2003. Its main activity is: Activities of holding companies. Its registered office is in Koksijde.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0860.290.624
Incorporation: 01/09/2003
Legal form: Private limited company
Registered office: Middenlaan(Kok) 71
8670 Koksijde · FlandreSee on map
Latest accounts: 31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68100Buying and selling of own real estate 68110Buying and selling of own real estate 68204Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	355 k €	-2.7%	364,9 k €	+6.0%	344,3 k €	+16.7%	294,9 k €	+32.9%	222 k €
EBITDA	353 k €	-2.8%	363,3 k €	+5.9%	343 k €	+18.0%	290,7 k €	+31.8%	220,6 k €
Operating result	303,7 k €	-5.6%	321,9 k €	+6.0%	303,6 k €	+26.1%	240,7 k €	+61.0%	149,5 k €
Net result	248,2 k €	-14.2%	289,2 k €	+38.5%	208,9 k €	+77.0%	118 k €	+14.0%	103,5 k €
Balance sheet
Equity	1,1 M €	+14.2%	965,7 k €	+31.6%	734 k €	+24.2%	591,1 k €	+24.9%	473,1 k €
Total assets	1,2 M €	+13.9%	1 M €	+33.3%	775,4 k €	-7.9%	841,9 k €	+15.4%	729,4 k €
Cash	552,9 k €	+3742%	14,4 k €	-84.2%	91,1 k €	-70.6%	309,8 k €	+80.4%	171,7 k €
Debts	73,6 k €	+10.4%	66,7 k €	+61.5%	41,3 k €	-83.5%	250,7 k €	-2.2%	256,3 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jeroen Mouton	Directorsince 06/01/2023Manager2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Paul Mouton	Manager07/07/2014 → 2014 accounts
ZPM0478.461.507Represented by Paul Mouton	Manager13/11/2009 → 2009 accounts
Laurent Lots	Manager31/05/2006 → 2007 accounts
Els Mouton	Manageruntil 13/11/2009

Full financial information

Source · NBB

	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	07/04/2026	04/06/2025	12/04/2024	18/07/2023	27/06/2022	29/06/2021
General meeting	13/03/2026	12/05/2025	05/04/2024	23/06/2023	03/06/2022	04/06/2021
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 · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	13/03/2026	07/04/2026	Dutch	PDF
Micro model	31/12/2024	12/05/2025	04/06/2025	Dutch	PDF
Micro model	31/12/2023	05/04/2024	12/04/2024	Dutch	PDF
Micro model	31/12/2022	23/06/2023	18/07/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	29/06/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	09/06/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	05/07/2019	Dutch	PDF
Micro model	31/12/2017	03/03/2018	30/03/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	14/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	15/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jeroen Mouton	Directorsince 06/01/2023Manager2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Paul Mouton	Manager07/07/2014 → 2014 accounts
ZPM0478.461.507Represented by Paul Mouton	Manager13/11/2009 → 2009 accounts
Laurent Lots	Manager31/05/2006 → 2007 accounts
Els Mouton	Manageruntil 13/11/2009

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/08/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2015
Ontslag en benoeming zaakvoerder
PDF
Mandates17/12/2009
ONTSLAG & BENOEMING ZAAKVOERDER
PDF
Mandates15/06/2006
ONTSLAGIBENOEMING
PDF
Other08/09/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Jeroen Mouton

Paul Mouton

ZPM

Laurent Lots

ELS MOUTON

200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

WAAR

Middenlaan(Kok) 71, 8670 Koksijde

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Middenlaan(Kok) 71, 8670 KoksijdeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00073655

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
WAARCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00073655
Caro's kranten	accounts 2021	Accounts 2021 · 2022-20095690

Events

2025
Annual accounts 2025248,2 k €↓
2024
Annual accounts 2024289,2 k €↑
2023
Annual accounts 2023208,9 k €↑
2022
Annual accounts 2022118 k €↑
2022
Name changeWAAR
2021
Annual accounts 2021103,5 k €↓
2020
Annual accounts 2020117,1 k €↑
2019
Annual accounts 2019113,1 k €↑
2018
Annual accounts 201857,6 k €↓
2017
Annual accounts 201797,8 k €↑
2016
Annual accounts 201678,8 k €↑
2015
Annual accounts 2015-2,8 k €↑
2014
Annual accounts 2014-10,8 k €↓
2013
Annual accounts 2013-1,7 k €↑
2012
Annual accounts 2012-10,7 k €↑
2011
Annual accounts 2011-11 k €↑
2010
Annual accounts 2010-20,8 k €↑
2009
Annual accounts 2009-30,4 k €↓
2008
Annual accounts 2008-2,5 k €↑
2007
Annual accounts 2007-4,8 k €↑
2006
Annual accounts 2006-16,3 k €
01/09/2003
IncorporationPrivate limited company

WAAR

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events