ACTIVE

WASE

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Financial year 2025 · closed on 31/12/2025

Net result

144,1 k €

+316.2% YoY

Gross margin

89,9 k €

+12.1% YoY

Equity

1,3 M €

+3.6% YoY

What does WASE do?

WASE is a Private limited company incorporated in 2003. Its registered office is in Alken.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.192.724

Incorporation

21/10/2003

Legal form

Private limited company

Registered office

Industrieterrein Kolmen 1114
3570 Alken · FlandreSee on map

Contributed capital

60 540,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	89,9 k €	+12.1%	80,2 k €	-6.4%	85,7 k €	-2.1%	87,5 k €	-0.2%	87,7 k €	-19.7%	109,2 k €	+24.1%	88 k €	+6.9%	82,3 k €	-6.4%	88 k €	+4.0%	84,6 k €	+11.8%	75,7 k €	-3.5%	78,4 k €	-4.7%	82,3 k €	+1.9%	80,8 k €	+3.1%	78,4 k €	+55.8%	50,3 k €	+3689%	-1,4 k €	+49.6%	-2,8 k €	+19.3%	-3,4 k €	-43.9%	-2,4 k €
EBITDA	82,4 k €	+13.0%	72,9 k €	-7.3%	78,6 k €	-3.1%	81,1 k €	-0.4%	81,4 k €	-20.8%	102,8 k €	+25.2%	82,1 k €	+22.1%	67,2 k €	-18.3%	82,3 k €	+4.3%	78,8 k €	+14.5%	68,8 k €	-5.7%	73 k €	-5.1%	76,9 k €	+1.8%	75,5 k €	+2.2%	73,9 k €	+370%	-27,3 k €	-1112%	-2,3 k €	+38.0%	-3,6 k €	+15.5%	-4,3 k €	-32.4%	-3,2 k €
Operating result	55,9 k €	+39.6%	40,1 k €	-13.3%	46,2 k €	-5.1%	48,7 k €	-0.6%	49 k €	-30.4%	70,4 k €	+46.4%	48,1 k €	+144%	19,7 k €	-62.7%	52,8 k €	+6.9%	49,3 k €	+25.4%	39,4 k €	-17.5%	47,7 k €	-7.6%	51,6 k €	+2.7%	50,3 k €	+3.4%	48,6 k €	+193%	-52,5 k €	-2231%	-2,3 k €	+38.0%	-3,6 k €	+15.5%	-4,3 k €	-32.4%	-3,2 k €
Net result	144,1 k €	+316%	34,6 k €	-78.7%	162,7 k €	+138%	-433,4 k €	-283%	236,5 k €	+369%	50,4 k €	-37.1%	80,2 k €	+882%	8,2 k €	-81.4%	43,8 k €	+27.3%	34,4 k €	-75.4%	139,7 k €	+194%	47,5 k €	-7.7%	51,5 k €	+2.4%	50,3 k €	+19.5%	42,1 k €	+222%	-34,6 k €	-226%	27,5 k €	+33.8%	20,5 k €	-81.7%	112,4 k €	-56.2%	256,7 k €
Balance sheet
Equity	1,3 M €	+3.6%	1,2 M €	+2.9%	1,2 M €	+5.6%	1,1 M €	-33.4%	1,7 M €	+5.5%	1,6 M €	+3.3%	1,5 M €	+5.5%	1,5 M €	+0.6%	1,4 M €	+0.0%	1,4 M €	+2.4%	1,4 M €	+11.9%	1,3 M €	-28.5%	1,8 M €	+3.0%	1,7 M €	+3.0%	1,7 M €	+2.6%	1,6 M €	-2.1%	1,7 M €	+1.7%	1,6 M €	+1.3%	1,6 M €	+0.8%	1,6 M €
Total assets	1,3 M €	+0.9%	1,2 M €	-3.4%	1,3 M €	-1.6%	1,3 M €	-32.9%	1,9 M €	+0.1%	1,9 M €	-1.2%	2 M €	-1.0%	2 M €	-3.4%	2,1 M €	-1.8%	2,1 M €	-5.5%	2,2 M €	+22.5%	1,8 M €	+2.7%	1,8 M €	+3.0%	1,7 M €	+3.0%	1,7 M €	-29.9%	2,4 M €	+43.3%	1,7 M €	+1.7%	1,6 M €	+1.3%	1,6 M €	+0.8%	1,6 M €
Cash	66,3 k €	+131%	28,7 k €	-33.3%	43,1 k €	+58.6%	27,2 k €	-59.5%	67,1 k €	+239%	19,8 k €	-19.0%	24,4 k €	+107%	11,8 k €	-6.4%	12,6 k €	-83.9%	78,4 k €	+20.4%	65,1 k €	-77.5%	289,3 k €	+34.0%	215,8 k €	+1.3%	213,1 k €	+10.4%	193 k €	-78.0%	875,4 k €	+3.2%	847,9 k €	+6.0%	800 k €	+11.0%	720,6 k €	+23.2%	585 k €
Debts	335,3 €	-99.0%	33,1 k €	-70.2%	110,8 k €	-40.9%	187,5 k €	-30.6%	270,3 k €	-23.6%	354 k €	-17.3%	428,3 k €	-20.0%	535,3 k €	-11.9%	607,4 k €	-5.9%	645,6 k €	-20.1%	807,9 k €	+46.9%	550 k €	+2434706%	22,6 €	0.0%	22,6 €	0.0%	22,6 €	-100.0%	750 k €		–		–		–		55 €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

Antoine de Harlez de Deulin

Director · since 13 novembre 2025 · until 06 juin 2031

Active

SAAEM S.A.

Director · since 13 novembre 2025 · until 06 juin 2031 · 0757.713.520

Represented by Benoit Catelin

Active

JEVO HOLDING

Director · since 15 avril 2015 · until 13 novembre 2025 · 0600.989.234

Represented by Johannes De Vaan

Active

Ended mandates

Johannes de Vaan

Director · since 26 novembre 2018 · until 27 décembre 2019

Ended

Johannes de Vaan

Manager · since 26 novembre 2018

Ended

JEVO HOLDING

Manager · since 15 avril 2015 · 0600.989.234

Represented by Johannes de Vaan

Ended

JEVO HOLDING

Director · since 15 avril 2015 · 0600.989.234

Represented by Johannes de Vaan

Ended

At this address

Other companies at this address

Company	CBE no.
JEVO HOLDING● Active	0600.989.234
PEETERS● Active	0437.356.865

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	08/07/2026	29/07/2025	27/06/2024	26/07/2023	28/07/2022	12/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	08/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	12/07/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	24/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	07/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 11 ended

Active mandates

Antoine de Harlez de Deulin

Director · since 13 novembre 2025 · until 06 juin 2031

Active

SAAEM S.A.

Director · since 13 novembre 2025 · until 06 juin 2031 · 0757.713.520

Represented by Benoit Catelin

Active

JEVO HOLDING

Director · since 15 avril 2015 · until 13 novembre 2025 · 0600.989.234

Represented by Johannes De Vaan

Active

Ended mandates

Johannes de Vaan

Director · since 26 novembre 2018 · until 27 décembre 2019

Ended

Johannes de Vaan

Manager · since 26 novembre 2018

Ended

JEVO HOLDING

Manager · since 15 avril 2015 · 0600.989.234

Represented by Johannes de Vaan

Ended

JEVO HOLDING

Director · since 15 avril 2015 · 0600.989.234

Represented by Johannes de Vaan

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/08/2026
Benoeming commissaris
PDF
Mandates06/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2024
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2015
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/04/2015
KAPITAAL - AANDELEN
PDF
Capital / shares31/12/2014
KAPITAAL - AANDELEN
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 2025144,1 k €↑
2024
Annual accounts 202434,6 k €↓
2023
Annual accounts 2023162,7 k €↑
2022
Annual accounts 2022-433,4 k €↓
2021
Annual accounts 2021236,5 k €↑
2020
Annual accounts 202050,4 k €↓
2019
Annual accounts 201980,2 k €↑
2018
Annual accounts 20188,2 k €↓
2017
Annual accounts 201743,8 k €↑
2016
Annual accounts 201634,4 k €↓
2015
Annual accounts 2015139,7 k €↑
2014
Annual accounts 201447,5 k €↓
2013
Annual accounts 201351,5 k €↑
2012
Annual accounts 201250,3 k €↑
2011
Annual accounts 201142,1 k €↑
2010
Annual accounts 2010-34,6 k €↓
2009
Annual accounts 200927,5 k €↑
2008
Annual accounts 200820,5 k €↓
2007
Annual accounts 2007112,4 k €↓
2006
Annual accounts 2006256,7 k €
21/10/2003
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

WASE

Overview

What does WASE do?

Trend over 20 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