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Widmer Development Corp.

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Financial year 2025 · closed on 31/03/2025

Net result

36,3 M €

+5704.7% YoY

Gross margin

-85,1 €

-0.4% YoY

Equity

166,3 M €

+28.0% YoY

What does Widmer Development Corp. do?

Widmer Development Corp. is a Private company with limited liability incorporated in 2003. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.414.132

Incorporation

26/12/2003

Legal form

Private company with limited liability

Registered office

Hubert Frère-Orbanlaan 92N
9000 Gent · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/03/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-85,1 €	-0.4%	-84,8 €	+71.2%	-294,7 €	-104%	-144,4 €	+42.3%	-250,1 €	-74.3%	-143,5 €	-1.3%	-141,6 €	+27.7%	-195,7 €	-25.7%	-155,7 €	-1.3%	-153,6 €	0.0%	-153,6 €	-0.6%	-152,7 €	+9.3%	-168,3 €	-17.2%	-143,6 €	+94.1%	-2,4 k €	+69.8%	-8 k €	-238%	-2,4 k €	+95.0%	-47,1 k €	-570%	-7 k €
EBITDA	-169,6 k €	-37.6%	-123,2 k €	+24.2%	-162,6 k €	+4.1%	-169,5 k €	-13596%	-1,2 k €	-8.2%	-1,1 k €	-0.4%	-1,1 k €	+4.3%	-1,2 k €	-3.7%	-1,1 k €	-0.2%	-1,1 k €	-0.1%	-1,1 k €	-0.2%	-1,1 k €	+1.0%	-1,2 k €	-4.0%	-1,1 k €	+67.2%	-3,4 k €	+62.3%	-9 k €	-170%	-3,3 k €	+93.1%	-48,1 k €	-542%	-7,5 k €
Operating result	-169,6 k €	-37.6%	-123,2 k €	+24.2%	-162,6 k €	+4.1%	-169,5 k €	-13596%	-1,2 k €	-8.2%	-1,1 k €	-0.4%	-1,1 k €	+4.3%	-1,2 k €	-3.7%	-1,1 k €	-0.2%	-1,1 k €	-0.1%	-1,1 k €	-0.2%	-1,1 k €	+1.0%	-1,2 k €	-4.0%	-1,1 k €	+67.2%	-3,4 k €	+62.3%	-9 k €	-170%	-3,3 k €	+93.1%	-48,1 k €	-542%	-7,5 k €
Net result	36,3 M €	+5705%	625,9 k €	-67.7%	1,9 M €	-4.2%	2 M €	-34.7%	3,1 M €	+506%	512,3 k €	-73.3%	1,9 M €	-80.3%	9,7 M €	+195%	3,3 M €	+18.7%	2,8 M €	-33.9%	4,2 M €	+12.1%	3,8 M €	-20.7%	4,7 M €	+18.0%	4 M €	-32.2%	5,9 M €	+171%	2,2 M €	+166%	-3,3 M €	-110%	32,1 M €	+258%	9 M €
Balance sheet
Equity	166,3 M €	+28.0%	129,9 M €	+0.5%	129,3 M €	+1.5%	127,4 M €	+1.6%	125,4 M €	+2.5%	122,3 M €	+0.4%	121,7 M €	+1.6%	119,8 M €	+8.9%	110,1 M €	+3.1%	106,8 M €	+2.7%	104 M €	+4.2%	99,8 M €	+3.9%	96 M €	+5.2%	91,3 M €	+4.6%	87,3 M €	+7.3%	81,4 M €	+2.8%	79,2 M €	-4.0%	82,5 M €	+63.6%	50,4 M €
Total assets	166,9 M €	+28.2%	130,2 M €	+0.3%	129,8 M €	+1.5%	127,9 M €	+2.0%	125,4 M €	+2.5%	122,3 M €	+0.4%	121,7 M €	+1.6%	119,8 M €	+8.9%	110,1 M €	+3.1%	106,8 M €	+2.7%	104 M €	+4.2%	99,8 M €	+3.9%	96 M €	+5.2%	91,3 M €	+4.6%	87,3 M €	+7.3%	81,4 M €	+2.8%	79,2 M €	-4.0%	82,5 M €	+62.5%	50,8 M €
Cash	19,8 M €	+586%	2,9 M €	+132%	1,2 M €	-92.1%	15,8 M €	-32.5%	23,4 M €	-7.2%	25,2 M €	-27.0%	34,5 M €	-22.9%	44,7 M €	+49.4%	29,9 M €	+25.6%	23,8 M €	+23.2%	19,3 M €	-47.4%	36,8 M €	+14.6%	32,1 M €	+16.6%	27,5 M €	+16.5%	23,6 M €	+20.2%	19,6 M €	+291%	5 M €	-69.9%	16,7 M €	+1037%	1,5 M €
Debts	657,2 k €	+180%	234,8 k €	-47.9%	451 k €	-12.6%	516 k €	+2430302%	21,2 €	0.0%	21,2 €	-85.7%	148,8 €	0.0%	148,8 €	-11.0%	167,2 €	+11.6%	149,8 €	-14.4%	174,9 €	+308%	42,9 €	-91.8%	523,3 €	+2.3%	511,3 €	+1.2%	505,4 €	+1.3%	499 €	+2.3%	488 €	+1.5%	481 €	-99.9%	327,4 k €
Other
Workforce	–		–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 1 ended

Active mandates

Bart Denoo

Director

Active

Ended mandates

Bart Denoo

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Bart Denoo Engineering● Active	0446.689.948

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/11/2025	25/11/2024	28/11/2023	31/10/2022	30/11/2021	30/11/2020
General meeting	26/09/2025	27/09/2024	22/09/2023	16/09/2022	10/09/2021	11/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	26/09/2025	27/11/2025	Dutch	PDF
Abridged model	31/03/2024	27/09/2024	25/11/2024	Dutch	PDF
Abridged model	31/03/2023	22/09/2023	28/11/2023	Dutch	PDF
Abridged model	31/03/2022	16/09/2022	31/10/2022	Dutch	PDF
Abridged model	31/03/2021	10/09/2021	30/11/2021	Dutch	PDF
Abridged model	31/03/2020	11/09/2020	30/11/2020	Dutch	PDF
Abridged model	31/03/2019	06/09/2019	28/11/2019	Dutch	PDF
Abridged model	31/03/2018	31/08/2018	31/10/2018	Dutch	PDF
Abridged model	31/03/2017	28/08/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	29/08/2016	04/10/2016	Dutch	PDF
Abridged model	31/03/2015	24/08/2015	30/10/2015	Dutch	PDF
Abridged model	31/03/2014	25/08/2014	29/09/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	31/10/2013	Dutch	PDF
Abridged model	31/03/2012	24/09/2012	31/10/2012	Dutch	PDF
Abridged model	31/03/2011	26/09/2011	28/10/2011	Dutch	PDF
Abridged model	31/03/2010	27/09/2010	04/11/2010	Dutch	PDF
Abridged model	31/03/2009	28/09/2009	13/11/2009	Dutch	PDF
Abridged model	31/03/2008	29/09/2008	18/11/2008	Dutch	PDF
Abridged model	31/03/2007	24/09/2007	13/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/03/2025 · 1 active · 1 ended

Active mandates

Bart Denoo

Director

Active

Ended mandates

Bart Denoo

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares27/10/2006
KAPITAAL - AANDELEN - DIVERSEN
PDF
Other07/01/2004
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 202536,3 M €↑
2024
Annual accounts 2024625,9 k €↓
2023
Annual accounts 20231,9 M €↓
2022
Annual accounts 20222 M €↓
2021
Annual accounts 20213,1 M €↑
2020
Annual accounts 2020512,3 k €↓
2019
Annual accounts 20191,9 M €↓
2018
Annual accounts 20189,7 M €↑
2017
Annual accounts 20173,3 M €↑
2016
Annual accounts 20162,8 M €↓
2015
Annual accounts 20154,2 M €↑
2014
Annual accounts 20143,8 M €↓
2013
Annual accounts 20134,7 M €↑
2012
Annual accounts 20124 M €↓
2011
Annual accounts 20115,9 M €↑
2010
Annual accounts 20102,2 M €↑
2009
Annual accounts 2009-3,3 M €↓
2008
Annual accounts 200832,1 M €↑
2007
Annual accounts 20079 M €
26/12/2003
IncorporationPrivate company with limited liability

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

Widmer Development Corp.

Overview

What does Widmer Development Corp. do?

Trend over 19 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