Welvaco Insurance
0864.561.790 · rovalta.com · 26/09/2026
ACTIVE
Welvaco Insurance
Financial year 2025 · Closed on 31/12/2025
Net result344,5 k €+50,1 %over 1 year
Gross margin707,5 k €+37,1 %over 1 year
Equity376,6 k €-14,9 %over 1 year
Workforce4,6 ETP-4,2 %over 1 year
Overview
Identity
Source · BCE/KBOWelvaco Insurance is a Private limited company incorporated in 2004. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Deinze. It employs on average 4,6 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0864.561.790
- Incorporation
- 06/04/2004
- Legal form
- Private limited company
- Registered office
- Kortrijkstraat 70 box 1
9800 Deinze · FlandreSee on map - Contributed capital
- 27 448,30 €
- Latest accounts
- 31/12/2025
- Average workforce
- 4,6 ETP
Activities (NACE)
64999Other financial service activities, except insurance and pension funding n.e.c.· main64999Other financial service activities, except insurance and pension funding n.e.c.65236Reinsurance66191Other activities auxiliary to financial services, except insurance and pension funding66191Other activities auxiliary to financial services, except insurance and pension funding82100Office administrative and support activities+1
Joint committees (1)
- 341
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Financials
Source · NBB, 20 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 707,5 k € | +37.1% | 516 k € | +14.5% | 450,6 k € | +20.1% | 375,3 k € | -14.9% | 441,2 k € |
| EBITDA | 362,1 k € | +49.8% | 241,8 k € | +4.2% | 232,1 k € | +0.5% | 230,8 k € | -21.2% | 293,1 k € |
| Operating result | 343,4 k € | +48.7% | 230,8 k € | +3.6% | 222,7 k € | +5.7% | 210,7 k € | -20.0% | 263,5 k € |
| Net result | 344,5 k € | +50.1% | 229,5 k € | +19.3% | 192,4 k € | +23.9% | 155,2 k € | -31.7% | 227,1 k € |
| Balance sheet | |||||||||
| Equity | 376,6 k € | -14.9% | 442,5 k € | +1.3% | 437 k € | -2.4% | 447,7 k € | +34.7% | 332,5 k € |
| Total assets | 782,5 k € | +11.8% | 699,7 k € | +13.2% | 618,4 k € | +14.7% | 539 k € | -6.2% | 574,5 k € |
| Cash | 392,2 k € | +2.8% | 381,6 k € | +16.4% | 327,8 k € | -4.3% | 342,7 k € | +20.3% | 284,8 k € |
| Debts | 395,3 k € | +54.3% | 256,2 k € | +42.1% | 180,4 k € | +102% | 89,4 k € | -63.1% | 242,1 k € |
| Other | |||||||||
| Workforce | 4,6 ETP | -4.2% | 4,8 ETP | +45.5% | 3,3 ETP | +22.2% | 2,7 ETP | 0.0% | 2,7 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20252 active · 8 ended
Active mandates
Active
Ended mandates
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 15 months | 12 months |
| Filing date | 30/06/2026 | 30/09/2025 | 31/08/2024 | 31/08/2023 | 31/08/2022 | 30/04/2021 |
| General meeting | 19/03/2026 | 20/06/2025 | 14/06/2024 | 09/06/2023 | 10/06/2022 | 08/03/2021 |
| 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 · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 19/03/2026 | 30/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 20/06/2025 | 30/09/2025 | Dutch | |
| Abridged model | 31/12/2023 | 14/06/2024 | 31/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 09/06/2023 | 31/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 10/06/2022 | 31/08/2022 | Dutch | |
| Micro model | 30/09/2020 | 08/03/2021 | 30/04/2021 | Dutch | |
| Micro model | 30/09/2019 | 09/03/2020 | 30/04/2020 | Dutch | |
| Micro model | 30/09/2018 | 11/03/2019 | 30/04/2019 | Dutch | |
| Micro model | 30/09/2017 | 12/03/2018 | 29/03/2018 | Dutch | |
| Abridged model | 30/09/2016 | 13/03/2017 | 30/03/2017 | Dutch | |
| Abridged model | 30/09/2015 | 14/03/2016 | 30/03/2016 | Dutch | |
| Abridged model | 30/09/2014 | 11/03/2015 | 29/04/2015 | Dutch | |
| Abridged model | 30/09/2013 | 21/03/2014 | 15/05/2014 | Dutch | |
| Abridged model | 30/09/2012 | 22/03/2013 | 26/04/2013 | Dutch | |
| Abridged model | 30/09/2011 | 23/03/2012 | 31/05/2012 | Dutch | |
| Abridged model | 30/09/2010 | 23/03/2011 | 16/05/2011 | Dutch | |
| Abridged model | 30/09/2009 | 23/03/2010 | 29/04/2010 | Dutch | |
| Abridged model | 30/09/2008 | 23/03/2009 | 03/04/2009 | Dutch | |
| Abridged model | 30/09/2007 | 23/03/2008 | 13/06/2008 | Dutch | |
| Abridged model | 30/09/2006 | 23/03/2007 | 30/05/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20252 active · 8 ended
Active mandates
Active
Ended mandates
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates27/04/2026BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Restructuring28/09/2021DOEL - BOEKJAAR - ALGEMENE VERGADERING - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
- Restructuring05/08/2021RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring30/06/2021BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates07/06/2021ONTSLAGEN - BENOEMINGEN
- Restructuring30/03/2021RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Registered office29/01/2020MAATSCHAPPELIJKE ZETEL
- Mandates04/11/2015ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025344,5 k €↑
- 2025Name changeWELVACO INSURANCE
- 2024Annual accounts 2024229,5 k €↑
- 2023Annual accounts 2023192,4 k €↑
- 2022Annual accounts 2022155,2 k €↓
- 2021Annual accounts 2021227,1 k €↑
- 2021Name changeWelvaco
- 2020Annual accounts 20203,2 k €↓
- 2019Annual accounts 201910,9 k €↑
- 2018Annual accounts 20186,4 k €↑
- 2017Annual accounts 20175,8 k €↑
- 2016Annual accounts 2016578,8 €↑
- 2015Annual accounts 2015-10,1 k €↓
- 2014Annual accounts 20142,4 k €↓
- 2013Annual accounts 201328,5 k €↑
- 2012Annual accounts 20122,8 k €↑
- 2011Annual accounts 2011-35,9 k €↓
- 2010Annual accounts 2010-7,3 k €↓
- 2009Annual accounts 2009-299,5 €↓
- 2008Annual accounts 200811,3 k €↓
- 2007Annual accounts 200712,8 k €↑
- 2006Annual accounts 20065,1 k €
- 06/04/2004IncorporationPrivate limited company