ACTIVE

DE WAEL

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Financial year 2025 · closed on 30/06/2025

Net result

24,5 k €

-16.3% YoY

Gross margin

67 k €

-18.3% YoY

Equity

238,9 k €

+6.6% YoY

Workforce

0,0 ETP

-100.0% YoY

What does DE WAEL do?

DE WAEL is a Private limited company incorporated in 2004. Its main activity is: Retail sale of other household equipment in specialised stores. Its registered office is in Wetteren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.709.963

Incorporation

14/04/2004

Legal form

Private limited company

Registered office

Brusselsesteenweg 369
9230 Wetteren · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

47551Retail sale of other household equipment in specialised stores· main 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores 31002Manufacture of furniture 31020Manufacture of kitchen furniture 36130Water collection, treatment and supply

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	67 k €	-18.3%	82 k €	-9.1%	90,2 k €	-21.6%	115,1 k €	+3.0%	111,7 k €	+39.1%	80,3 k €	+16.9%	68,7 k €	-24.3%	90,7 k €	-4.3%	94,8 k €	+6.4%	89,1 k €	-14.8%	104,5 k €	-11.1%	117,6 k €	+1.7%	115,6 k €	+8.7%	106,4 k €	+0.6%	105,8 k €	-16.6%	126,9 k €	-1.8%	129,1 k €	+10.5%	116,8 k €
EBITDA	53 k €	-13.9%	61,5 k €	+31.9%	46,6 k €	-4.8%	49 k €	-18.2%	59,9 k €	+53.0%	39,2 k €	+4.0%	37,7 k €	-14.1%	43,8 k €	-11.4%	49,5 k €	-11.8%	56,1 k €	-3.6%	58,2 k €	-20.2%	73 k €	+0.4%	72,7 k €	+11.5%	65,2 k €	-2.6%	66,9 k €	-13.2%	77,1 k €	-11.3%	86,9 k €	+9.0%	79,8 k €
Operating result	32,1 k €	-0.9%	32,4 k €	+51.2%	21,4 k €	-12.2%	24,4 k €	+23.4%	19,8 k €	+37.0%	14,4 k €	-4.3%	15,1 k €	+17.0%	12,9 k €	-27.4%	17,8 k €	-24.3%	23,5 k €	-4.8%	24,6 k €	+20.3%	20,5 k €	-3.9%	21,3 k €	+24.7%	17,1 k €	-28.0%	23,7 k €	-20.9%	30 k €	-20.1%	37,5 k €	+17.6%	31,9 k €
Net result	24,5 k €	-16.3%	29,3 k €	+140%	12,2 k €	-33.0%	18,2 k €	-2.1%	18,6 k €	+43.0%	13 k €	+170%	4,8 k €	-4.9%	5,1 k €	-52.7%	10,7 k €	-10.4%	11,9 k €	+5.7%	11,3 k €	+377%	-4,1 k €	-149%	8,3 k €	-48.0%	16 k €	+295%	4 k €	-80.9%	21,2 k €	-19.6%	26,3 k €	+113%	12,3 k €
Balance sheet
Equity	238,9 k €	+6.6%	224,1 k €	+9.6%	204,5 k €	+1.3%	201,9 k €	+4.4%	193,4 k €	+7.1%	180,6 k €	+1.6%	177,7 k €	+2.8%	172,9 k €	-2.6%	177,5 k €	+6.4%	166,8 k €	+7.7%	154,9 k €	+7.9%	143,6 k €	-2.8%	147,7 k €	+6.0%	139,4 k €	+13.0%	123,4 k €	+3.4%	119,3 k €	+21.6%	98,2 k €	+21.5%	80,8 k €
Total assets	794,7 k €	-11.2%	895,4 k €	+0.3%	892,4 k €	+23.0%	725,5 k €	-3.9%	755,2 k €	-6.3%	805,8 k €	+14.3%	705 k €	-5.7%	748 k €	-8.7%	819,6 k €	-13.5%	947,6 k €	+13.3%	836,7 k €	-14.0%	972,5 k €	-1.7%	989,8 k €	-6.9%	1,1 M €	+0.9%	1,1 M €	+0.7%	1 M €	+6.4%	983,2 k €	+5.5%	931,6 k €
Cash	30,3 k €	-63.1%	82,2 k €	-61.2%	211,8 k €	+31.5%	161,1 k €	+13.9%	141,4 k €	-15.9%	168,3 k €	-6.9%	180,8 k €	+11.5%	162,1 k €	-41.9%	278,8 k €	+5.1%	265,2 k €	+19.3%	222,3 k €	-29.7%	316,4 k €	+2.0%	310,3 k €	-23.3%	404,4 k €	+10.7%	365,2 k €	-3.2%	377,4 k €	+40.1%	269,5 k €	+17.5%	229,2 k €
Debts	438,2 k €	+9.7%	399,5 k €	+23.5%	323,5 k €	+17.8%	274,7 k €	+4.0%	264,2 k €	-34.5%	403,2 k €	+36.0%	296,6 k €	-32.7%	440,6 k €	+7.0%	411,7 k €	-19.6%	511,8 k €	-18.8%	630,6 k €	-1.0%	637 k €	-5.0%	670,7 k €	-6.3%	715,5 k €	+4.5%	684,4 k €	-17.0%	825 k €	+16.5%	708,1 k €	-16.8%	850,8 k €
Other
Workforce	0,0 ETP	-100%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	-13.3%	1,5 ETP	+50.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	-10.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Gunther De Wael

Director · since 05 avril 2004

Active

Ilse De Wolf

Director · since 05 avril 2004

Active

Ended mandates

Gunther De Wael

Director

Ended

Gunther De Wael

Manager

Ended

Ilse De Wolf

Director

Ended

Ilse De Wolf

Manager

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/02/2026	31/01/2025	09/02/2024	19/08/2023	02/03/2022	02/02/2021
General meeting	30/01/2026	31/01/2025	31/01/2024	12/11/2022	31/12/2021	31/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	30/01/2026	02/02/2026	Dutch	PDF
Abridged model	30/06/2024	31/01/2025	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	31/01/2024	09/02/2024	Dutch	PDF
Abridged model	30/06/2022	12/11/2022	19/08/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	02/03/2022	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	02/02/2021	Dutch	PDF
Abridged model	30/06/2019	31/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	30/12/2018	30/01/2019	Dutch	PDF
Abridged model	30/06/2017	30/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	30/12/2016	13/01/2017	Dutch	PDF
Abridged model	30/06/2015	29/12/2015	28/01/2016	Dutch	PDF
Abridged model	30/06/2014	20/12/2014	29/01/2015	Dutch	PDF
Abridged model	30/06/2013	30/11/2013	19/12/2013	Dutch	PDF
Abridged model	30/06/2012	02/12/2012	24/12/2012	Dutch	PDF
Abridged model	30/06/2011	31/12/2011	26/01/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	07/02/2011	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	22/12/2009	Dutch	PDF
Abridged model	30/06/2008	08/11/2008	24/12/2008	Dutch	PDF
Abridged model	30/06/2007	15/12/2007	23/01/2008	Dutch	PDF
Abridged model	30/06/2006	02/12/2006	12/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2025 · 2 active · 4 ended

Active mandates

Gunther De Wael

Director · since 05 avril 2004

Active

Ilse De Wolf

Director · since 05 avril 2004

Active

Ended mandates

Gunther De Wael

Director

Ended

Gunther De Wael

Manager

Ended

Ilse De Wolf

Director

Ended

Ilse De Wolf

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other23/04/2004
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 202524,5 k €↓
2024
Annual accounts 202429,3 k €↑
2023
Annual accounts 202312,2 k €↓
2023
Name changeDe Wael
2022
Annual accounts 202218,2 k €↓
2022
Name changeDe Wael B.V.B.A.
2021
Annual accounts 202118,6 k €↑
2020
Annual accounts 202013 k €↑
2019
Annual accounts 20194,8 k €↓
2018
Annual accounts 20185,1 k €↓
2017
Annual accounts 201710,7 k €↓
2016
Annual accounts 201611,9 k €↑
2015
Annual accounts 201511,3 k €↑
2014
Annual accounts 2014-4,1 k €↓
2013
Annual accounts 20138,3 k €↓
2012
Annual accounts 201216 k €↑
2011
Annual accounts 20114 k €↓
2010
Annual accounts 201021,2 k €↓
2009
Annual accounts 200926,3 k €↑
2008
Annual accounts 200812,3 k €
14/04/2004
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

DE WAEL

Overview

What does DE WAEL do?

Trend over 18 financial years

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