ACTIVE

WMH Project

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Financial year 2025 · closed on 31/12/2025

Net result

215,3 k €

+80.7% YoY

Gross margin

723,7 k €

+24.6% YoY

Equity

1,6 M €

+15.5% YoY

Workforce

7,0 ETP

-4.1% YoY

What does WMH Project do?

WMH Project is a Private limited company incorporated in 2004. Its main activity is: Public relations and communication activities. Its registered office is in Etterbeek. It employs on average 7,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.478.360

Incorporation

17/02/2004

Legal form

Private limited company

Registered office

Boulevard Louis Schmidt 87
1040 Etterbeek · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

7,0 ETP

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 74141Specialised design activities 43240Electrical, plumbing and other construction installation activities 43299Other construction installation 45340Sale of motor vehicle parts and accessories+12

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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	723,7 k €	+24.6%	580,6 k €	-31.3%	845,5 k €	-19.6%	1,1 M €	+23.3%	853,5 k €	+4.4%	817,3 k €	+146%	331,7 k €	-43.2%	584,2 k €	+107%	282,9 k €	+25.4%	225,6 k €	+21.9%	185 k €	-53.8%	400,2 k €	-2.6%	411 k €	+41.8%	289,9 k €	-22.1%	372,3 k €	+39.9%	266 k €	+0.1%	265,9 k €	+7.6%	247 k €	+67.0%	147,9 k €	+148%	59,6 k €
EBITDA	298,8 k €	+73.3%	172,4 k €	-49.4%	340,9 k €	-50.6%	690,1 k €	-15.7%	818,5 k €	+0.8%	812,3 k €	+148%	327 k €	-43.0%	573,8 k €	+107%	277,8 k €	+26.2%	220,1 k €	+23.0%	179 k €	-54.8%	395,7 k €	-2.5%	405,8 k €	+42.4%	284,9 k €	-21.9%	365,1 k €	+39.7%	261,3 k €	+0.3%	260,5 k €	+7.9%	241,4 k €	+66.9%	144,6 k €	+154%	56,9 k €
Operating result	298,1 k €	+84.8%	161,3 k €	-46.1%	299,5 k €	-55.4%	671,5 k €	-16.7%	806,1 k €	-5.2%	850,8 k €	+227%	260,4 k €	-53.3%	557,3 k €	+114%	259,9 k €	+28.4%	202,3 k €	+28.8%	157,1 k €	-58.2%	376,1 k €	-2.0%	383,7 k €	+45.1%	264,5 k €	-23.3%	344,7 k €	+43.5%	240,2 k €	-0.4%	241,2 k €	+9.4%	220,6 k €	+106%	107,1 k €	+106%	52 k €
Net result	215,3 k €	+80.7%	119,1 k €	-40.5%	200,2 k €	-59.9%	498,7 k €	-18.2%	609,8 k €	-4.3%	637,4 k €	+278%	168,7 k €	-57.0%	392,4 k €	+138%	165 k €	+17.9%	139,9 k €	+49.3%	93,7 k €	-60.9%	239,5 k €	-1.7%	243,6 k €	+44.0%	169,2 k €	-23.3%	220,5 k €	+38.7%	159 k €	+2.6%	154,9 k €	+16.2%	133,3 k €	+78.9%	74,5 k €	+113%	35 k €
Balance sheet
Equity	1,6 M €	+15.5%	1,4 M €	+9.4%	1,3 M €	+18.5%	1,1 M €	+22.6%	876,5 k €	+1.0%	867,7 k €	+275%	231,4 k €	+263%	63,7 k €	-82.8%	369,3 k €	+79.9%	205,3 k €	+28.0%	160,4 k €	-47.9%	307,6 k €	-2.1%	314,2 k €	+30.0%	241,7 k €	-17.7%	293,9 k €	+13.1%	259,8 k €	+12.8%	230,3 k €	+251%	65,6 k €	-53.9%	142,3 k €	+105%	69,3 k €
Total assets	3 M €	+31.2%	2,3 M €	+35.3%	1,7 M €	+1.0%	1,7 M €	-5.3%	1,7 M €	+29.6%	1,3 M €	+111%	637,6 k €	-23.1%	829,1 k €	+14.2%	725,9 k €	+4.0%	697,8 k €	+24.2%	561,7 k €	-14.9%	660,4 k €	-2.6%	678,4 k €	-0.9%	684,6 k €	-10.7%	766,5 k €	+11.9%	684,7 k €	+18.3%	578,7 k €	-22.0%	741,7 k €	+62.2%	457,3 k €	+72.8%	264,6 k €
Cash	417,7 k €	-64.9%	1,2 M €	+318%	285 k €	-40.9%	482,2 k €	-22.9%	625,3 k €	+43.6%	435,5 k €	+55.1%	280,8 k €	+65.2%	169,9 k €	-43.4%	300 k €	+21.7%	246,6 k €	+156%	96,4 k €	-30.0%	137,7 k €	-19.5%	171,1 k €	+55.1%	110,3 k €	-50.6%	223,4 k €	+11.4%	200,4 k €	+91.3%	104,8 k €	-33.7%	158 k €	+317%	37,9 k €	-14.1%	44,1 k €
Debts	1,3 M €	+59.7%	822,4 k €	+138%	346,2 k €	-40.0%	576,6 k €	-33.5%	867,3 k €	+82.5%	475,3 k €	+19.5%	397,8 k €	-47.5%	758 k €	+115%	351,9 k €	-27.6%	486,3 k €	+22.7%	396,3 k €	+16.3%	340,9 k €	-4.3%	356,3 k €	-18.9%	439,1 k €	-3.9%	456,7 k €	+9.1%	418,7 k €	+39.9%	299,3 k €	-55.7%	676,1 k €	+119%	309,4 k €	+59.7%	193,7 k €
Other
Workforce	7,0 ETP	-4.1%	7,3 ETP	-20.7%	9,2 ETP	+22.7%	7,5 ETP	+838%	0,8 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

WMH Project société de droit français

Director · since 28 juillet 2021

Represented by Marc FISCHER

Active

Ended mandates

WMH Project société de droit français

Director · since 11 octobre 2021

Represented by Marc FISCHER

Ended

MARC DE BRUYNE

Mandate

Ended

Marc Henri DE BRUYNE

Director

Ended

Marc Henri DE BRUYNE

Manager

Ended

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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	03/09/2026	18/06/2025	17/06/2024	14/06/2023	25/07/2022	10/06/2021
General meeting	30/06/2026	21/05/2025	05/06/2024	17/05/2023	30/06/2022	19/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	31/12/2025	30/06/2026	03/09/2026	French	PDF
Abridged model	31/12/2025	30/06/2026	28/08/2026	French	PDF
Abridged model	31/12/2024	21/05/2025	18/06/2025	French	PDF
Abridged model	31/12/2023	05/06/2024	17/06/2024	French	PDF
Abridged model	31/12/2022	17/05/2023	14/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	25/07/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	10/06/2021	French	PDF
Abridged model	31/12/2019	10/06/2020	10/07/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	23/05/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	05/07/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	26/07/2017	French	PDF
Abridged model	31/12/2015	18/05/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	20/05/2015	06/08/2015	French	PDF
Abridged model	31/12/2013	21/05/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	15/05/2013	01/08/2013	French	PDF
Abridged model	31/12/2011	16/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	15/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	18/05/2010	23/06/2010	French	PDF
Abridged model	31/12/2008	22/05/2009	26/08/2009	French	PDF
Abridged model	31/12/2007	21/05/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	18/06/2007	17/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 8 ended

Active mandates

WMH Project société de droit français

Director · since 28 juillet 2021

Represented by Marc FISCHER

Active

Ended mandates

WMH Project société de droit français

Director · since 11 octobre 2021

Represented by Marc FISCHER

Ended

MARC DE BRUYNE

Mandate

Ended

Marc Henri DE BRUYNE

Director

Ended

Marc Henri DE BRUYNE

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates29/03/2022
DENOMINATION - SIEGE SOCIAL
PDF
Mandates19/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/11/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates25/10/2007
DEMISSIONS, NOMINATIONS
PDF
Other24/02/2004
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 2025215,3 k €↑
2024
Annual accounts 2024119,1 k €↓
2023
Annual accounts 2023200,2 k €↓
2022
Annual accounts 2022498,7 k €↓
2021
Annual accounts 2021609,8 k €↓
2021
Name changeWMH PROJECT
2020
Annual accounts 2020637,4 k €↑
2019
Annual accounts 2019168,7 k €↓
2018
Annual accounts 2018392,4 k €↑
2017
Annual accounts 2017165 k €↑
2016
Annual accounts 2016139,9 k €↑
2015
Annual accounts 201593,7 k €↓
2014
Annual accounts 2014239,5 k €↓
2013
Annual accounts 2013243,6 k €↑
2012
Annual accounts 2012169,2 k €↓
2011
Annual accounts 2011220,5 k €↑
2010
Annual accounts 2010159 k €↑
2009
Annual accounts 2009154,9 k €↑
2008
Annual accounts 2008133,3 k €↑
2007
Annual accounts 200774,5 k €↑
2006
Annual accounts 200635 k €
2006
Name changeVADEMECOM
17/02/2004
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

WMH Project

Overview

What does WMH Project 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