ACTIVE

WED

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Financial year 2025 · closed on 31/12/2025

Net result

24,2 k €

-42.9% YoY

Gross margin

113,6 k €

-14.2% YoY

Equity

217,6 k €

+12.5% YoY

What does WED do?

WED is a Private company with limited liability incorporated in 2004. Its main activity is: Retail sale of food, beverages and tobacco in specialised stores. Its registered office is in Westerlo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.928.896

Incorporation

23/06/2004

Legal form

Private company with limited liability

Registered office

Zoerledorp 108
2260 Westerlo · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

47279Retail sale of food, beverages and tobacco in specialised stores· main 47299Other retail sale of food in specialised stores 70200Management consultancy activities 70220Business and other management consultancy activities 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating 47113Retail sale in non-specialised stores with food, beverages or tobacco predominating+8

Joint committees (2)

201
20100

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 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	113,6 k €	-14.2%	132,4 k €	+75.1%	75,6 k €	-9.1%	83,1 k €	-25.6%	111,7 k €	+101%	55,7 k €	-11.7%	63 k €	+34.2%	47 k €	+71.4%	27,4 k €	-40.3%	45,9 k €	+2.8%	44,6 k €	+39.0%	32,1 k €	+146%	13,1 k €	+53.5%	8,5 k €	-60.2%	21,4 k €	+332%	-9,2 k €	-194%	9,8 k €	-6.1%	10,4 k €	+691%	-1,8 k €	-14.2%	-1,5 k €
EBITDA	69,1 k €	-29.3%	97,6 k €	+97.6%	49,4 k €	-6.2%	52,7 k €	-25.6%	70,8 k €	+59.6%	44,4 k €	-12.1%	50,5 k €	+12.4%	44,9 k €	+91.7%	23,4 k €	-48.2%	45,3 k €	+2.5%	44,2 k €	+39.6%	31,6 k €	+151%	12,6 k €	+54.0%	8,2 k €	-61.0%	21 k €	+320%	-9,5 k €	-201%	9,5 k €	-6.4%	10,1 k €	+590%	-2,1 k €	-33.7%	-1,5 k €
Operating result	39,9 k €	-42.7%	69,6 k €	+245%	20,2 k €	+0.6%	20,1 k €	-48.9%	39,2 k €	+223%	12,2 k €	-34.4%	18,5 k €	-0.6%	18,6 k €	+1800%	-1,1 k €	-103%	33,8 k €	+10.7%	30,6 k €	+42.7%	21,4 k €	+396%	4,3 k €	+2866%	-156,3 €	-101%	13,1 k €	+166%	-19,8 k €	-1357%	1,6 k €	-28.6%	2,2 k €	+122%	-9,9 k €	-6.4%	-9,4 k €
Net result	24,2 k €	-42.9%	42,4 k €	+215%	13,5 k €	+41.4%	9,5 k €	-65.0%	27,2 k €	+179%	9,7 k €	-43.1%	17,1 k €	+21.4%	14,1 k €	+179%	-17,9 k €	-158%	30,7 k €	+15.0%	26,7 k €	+54.6%	17,3 k €	+8532%	-204,9 €	+95.9%	-5 k €	-196%	5,2 k €	+121%	-24,4 k €	-527%	-3,9 k €	-18.6%	-3,3 k €	+78.8%	-15,5 k €	-18.9%	-13 k €
Balance sheet
Equity	217,6 k €	+12.5%	193,4 k €	+28.1%	151 k €	+9.8%	137,6 k €	+7.4%	128,1 k €	+22.8%	104,3 k €	+8.4%	96,1 k €	+19.2%	80,7 k €	+21.1%	66,6 k €	-21.1%	84,5 k €	+57.1%	53,8 k €	+98.8%	27 k €	+177%	9,8 k €	-2.1%	10 k €	-33.5%	15 k €	+53.7%	9,7 k €	-71.5%	34,2 k €	-10.2%	38,1 k €	-7.9%	41,4 k €	-27.3%	56,9 k €
Total assets	480,6 k €	+4.3%	460,6 k €	+14.5%	402,3 k €	-8.2%	438,1 k €	+9.4%	400,4 k €	-2.5%	410,7 k €	-2.0%	418,9 k €	+11.3%	376,3 k €	-3.3%	389,3 k €	+80.9%	215,2 k €	+1.3%	212,4 k €	+7.2%	198,1 k €	+10.2%	179,8 k €	-11.9%	204,2 k €	-1.5%	207,3 k €	+0.8%	205,8 k €	+5.3%	195,4 k €	-2.8%	201,1 k €	-1.4%	203,9 k €	-8.9%	223,8 k €
Cash	8,6 k €	-78.7%	40,5 k €	+58.4%	25,6 k €	-0.9%	25,8 k €	-50.2%	51,8 k €	+157%	20,1 k €	+181%	7,2 k €	-77.0%	31,1 k €	-45.8%	57,3 k €	+107%	27,6 k €	+8.9%	25,4 k €	-12.7%	29,1 k €	+79.2%	16,2 k €	-31.1%	23,5 k €	-29.8%	33,5 k €	+3803%	859,4 €	-61.1%	2,2 k €	+184%	778,2 €	-67.0%	2,4 k €	-85.2%	16 k €
Debts	263 k €	-1.6%	267,2 k €	+6.3%	251,3 k €	-16.4%	300,5 k €	+10.3%	272,4 k €	-11.1%	306,5 k €	-5.1%	322,8 k €	+9.2%	295,7 k €	-8.4%	322,7 k €	+147%	130,7 k €	-17.6%	158,7 k €	-7.2%	171,1 k €	+0.6%	170 k €	-12.3%	193,9 k €	+0.8%	192,4 k €	+0.7%	191 k €	+18.5%	161,3 k €	-1.1%	163 k €	+0.3%	162,5 k €	-2.6%	166,9 k €
Other
Workforce	–		0,8 ETP	-38.5%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	+44.4%	0,9 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 31/12/2025 · 1 active · 9 ended

Active mandates

Tine Becuwe

Director · since 15 septembre 2014

Active

Ended mandates

Eric Meyer

Managing director · since 17 juin 2010 · until 24 juin 2010

Ended

Walter Lorent

Managing director · since 17 juin 2004 · until 20 avril 2010

Ended

Daniël Van de Poel

Managing director

Ended

Eric Meyer

Managing director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	25/08/2026	26/09/2025	25/09/2024	08/02/2024	08/08/2022	29/07/2021
General meeting	31/07/2026	26/06/2025	27/06/2024	22/02/2023	23/06/2022	24/06/2021
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
Micro model	31/12/2025	31/07/2026	25/08/2026	Dutch	PDF
Abridged model	31/12/2024	26/06/2025	26/09/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	25/09/2024	Dutch	PDF
Abridged model	31/12/2022	22/02/2023	08/02/2024	Dutch	PDF
Abridged model	31/12/2021	23/06/2022	08/08/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	29/07/2021	Dutch	PDF
Micro model	31/12/2019	25/06/2020	31/07/2020	Dutch	PDF
Micro model	31/12/2018	27/06/2019	25/07/2019	Dutch	PDF
Micro model	31/12/2017	28/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	22/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	23/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	26/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	23/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	25/07/2007	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 31/12/2025 · 1 active · 9 ended

Active mandates

Tine Becuwe

Director · since 15 septembre 2014

Active

Ended mandates

Eric Meyer

Managing director · since 17 juin 2010 · until 24 juin 2010

Ended

Walter Lorent

Managing director · since 17 juin 2004 · until 20 avril 2010

Ended

Daniël Van de Poel

Managing director

Ended

Eric Meyer

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other26/03/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/10/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/10/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/10/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/05/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other01/07/2004
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 202524,2 k €↓
2024
Annual accounts 202442,4 k €↑
2023
Annual accounts 202313,5 k €↑
2022
Annual accounts 20229,5 k €↓
2021
Annual accounts 202127,2 k €↑
2020
Annual accounts 20209,7 k €↓
2019
Annual accounts 201917,1 k €↑
2018
Annual accounts 201814,1 k €↑
2017
Annual accounts 2017-17,9 k €↓
2016
Annual accounts 201630,7 k €↑
2015
Annual accounts 201526,7 k €↑
2014
Annual accounts 201417,3 k €↑
2013
Annual accounts 2013-204,9 €↑
2012
Annual accounts 2012-5 k €↓
2011
Annual accounts 20115,2 k €↑
2010
Annual accounts 2010-24,4 k €↓
2009
Annual accounts 2009-3,9 k €↓
2008
Annual accounts 2008-3,3 k €↑
2007
Annual accounts 2007-15,5 k €↓
2006
Annual accounts 2006-13 k €
23/06/2004
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

WED

Overview

What does WED do?

Trend over 20 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