ACTIVE

WALLS

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Financial year 2025 · closed on 31/03/2025

Net result

47,8 k €

+300.3% YoY

Gross margin

151,6 k €

+26.4% YoY

Equity

625,9 k €

+8.3% YoY

What does WALLS do?

WALLS is a Public limited company incorporated in 2004. Its registered office is in Izegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.214.714

Incorporation

26/11/2004

Legal form

Public limited company

Registered office

Groenstraat 28
8870 Izegem · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

31/03/2025

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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		2010		2009		2008		2007
Income statement
Gross margin	151,6 k €	+26.4%	119,9 k €	+721%	-19,3 k €	+60.4%	-48,8 k €	-179%	61,6 k €	+111%	29,1 k €	-18.9%	35,9 k €	-77.7%	160,9 k €	+632%	22 k €	-24.9%	29,2 k €	-53.3%	62,6 k €	+73.9%	36 k €	-23.0%	46,7 k €	-26.8%	63,9 k €	+864074%	7,4 €	-100.0%	156,8 k €	+174%	57,1 k €	-59.3%	140,5 k €
EBITDA	131,4 k €	+32.3%	99,3 k €	+614%	-19,3 k €	+62.7%	-51,7 k €	-274%	29,7 k €	+12.8%	26,3 k €	+38.7%	19 k €	-85.0%	126,2 k €	+604%	17,9 k €	-29.2%	25,3 k €	-54.8%	56 k €	+61.3%	34,7 k €	-21.6%	44,3 k €	+18.2%	37,5 k €	+377%	-13,5 k €	-109%	151,7 k €	+97.9%	76,7 k €	-33.5%	115,3 k €
Operating result	87,5 k €	+76.1%	49,7 k €	+158%	-85,4 k €	-114%	-39,9 k €	-388%	13,9 k €	+29.5%	10,7 k €	+217%	3,4 k €	-97.2%	120,5 k €	+572%	17,9 k €	-29.2%	25,3 k €	-54.8%	56 k €	+63.7%	34,2 k €	-19.0%	42,2 k €	+24.6%	33,9 k €	+299%	-17,1 k €	-112%	147 k €	+98.8%	73,9 k €	-34.5%	112,8 k €
Net result	47,8 k €	+300%	-23,9 k €	+74.3%	-92,7 k €	-133%	-39,7 k €	-2988%	1,4 k €	-27.8%	1,9 k €	+102%	943,7 €	-99.3%	128,3 k €	+1063%	11 k €	-19.1%	13,6 k €	-60.6%	34,6 k €	+67.8%	20,6 k €	+22.5%	16,8 k €	+272%	4,5 k €	+106%	-72,4 k €	-278%	40,7 k €	+336%	-17,3 k €	-129%	60,3 k €
Balance sheet
Equity	625,9 k €	+8.3%	578,1 k €	-4.0%	602 k €	-13.3%	694,7 k €	-5.4%	734,4 k €	+0.2%	733,1 k €	+0.3%	731,2 k €	+0.1%	730,2 k €	+21.3%	601,9 k €	+1.9%	590,9 k €	+2.4%	577,2 k €	+6.4%	542,6 k €	+4.0%	522 k €	+3.3%	505,2 k €	+0.9%	500,6 k €	-12.6%	573,1 k €	+7.6%	532,4 k €	-3.1%	549,7 k €
Total assets	4,6 M €	+26.9%	3,6 M €	+14.2%	3,1 M €	+68.5%	1,9 M €	+17.2%	1,6 M €	-28.9%	2,2 M €	+39.9%	1,6 M €	+10.1%	1,5 M €	-28.6%	2 M €	-8.8%	2,2 M €	+31.2%	1,7 M €	+15.8%	1,5 M €	-20.1%	1,8 M €	-1.3%	1,9 M €	-15.7%	2,2 M €	-24.4%	2,9 M €	+0.0%	2,9 M €	+55.9%	1,9 M €
Cash	72 k €	+738%	8,6 k €	-89.8%	84,2 k €	-42.1%	145,3 k €	+1606%	8,5 k €	-98.2%	468,2 k €	+317%	112,3 k €	+160%	43,2 k €	-93.5%	663,8 k €	+15897%	4,1 k €	-94.4%	74,4 k €	-49.2%	146,6 k €	+25.6%	116,7 k €	+58.4%	73,7 k €	+110%	35 k €	+221%	10,9 k €	-50.5%	22 k €	-91.4%	255 k €
Debts	3,9 M €	+30.8%	3 M €	+17.9%	2,5 M €	+117%	1,2 M €	+41.1%	832,1 k €	-44.9%	1,5 M €	+72.9%	874,2 k €	+20.5%	725,3 k €	-49.6%	1,4 M €	-12.6%	1,6 M €	+46.0%	1,1 M €	+21.3%	929,7 k €	-29.6%	1,3 M €	-2.9%	1,4 M €	-18.2%	1,7 M €	-27.6%	2,3 M €	-1.2%	2,3 M €	+79.0%	1,3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 27 ended

Active mandates

DERA PROJECTS

Director · 0479.645.402

Represented by Jurgen Ramon

Active

Helene Ramon

Director

Active

Ended mandates

Helene Ramon

Director · since 29 décembre 2019 · until 30 septembre 2020

Ended

Hélène Ramon

Director · since 28 décembre 2019 · until 10 septembre 2026

Ended

Jurgen Ramon

Director · since 08 septembre 2016 · until 28 décembre 2019

Ended

Jurgen Ramon

Director · since 08 septembre 2016 · until 08 septembre 2022

Ended

At this address

Other companies at this address

Company	CBE no.
CARA PROJECTS● Active	0866.376.383
DERA PROJECTS● Active	0479.645.402
DUSOL● Active	0848.357.347
INTERIEUR VERMEULEN● Active	0660.935.135

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	01/04/2024	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	26/11/2024	30/11/2023	04/10/2022	22/10/2021	19/10/2020
General meeting	10/10/2025	23/10/2024	25/10/2023	04/10/2022	29/09/2021	30/09/2020
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
Micro model	31/03/2025	10/10/2025	27/11/2025	Dutch	PDF
Abridged model	31/03/2024	23/10/2024	26/11/2024	Dutch	PDF
Abridged model	31/03/2023	25/10/2023	30/11/2023	Dutch	PDF
Abridged model	31/03/2022	04/10/2022	04/10/2022	Dutch	PDF
Abridged model	31/03/2021	29/09/2021	22/10/2021	Dutch	PDF
Abridged model	31/03/2020	30/09/2020	19/10/2020	Dutch	PDF
Abridged model	31/03/2019	12/09/2019	10/10/2019	Dutch	PDF
Abridged model	31/03/2018	29/09/2018	19/10/2018	Dutch	PDF
Abridged model	31/03/2017	30/10/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	08/09/2016	10/10/2016	Dutch	PDF
Abridged model	31/03/2015	10/09/2015	22/09/2015	Dutch	PDF
Abridged model	31/03/2014	11/09/2014	23/09/2014	Dutch	PDF
Abridged model	31/03/2013	12/09/2013	12/09/2013	Dutch	PDF
Abridged model	31/03/2012	13/09/2012	17/09/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	12/01/2011	Dutch	PDF
Abridged model	30/06/2009	29/12/2009	30/12/2009	Dutch	PDF
Abridged model	30/06/2008	10/12/2008	29/01/2009	French	PDF
Abridged model	30/06/2007	12/12/2007	30/01/2008	Dutch	PDF
Abridged model	30/06/2006	13/12/2006	16/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/03/2025 · 2 active · 27 ended

Active mandates

DERA PROJECTS

Director · 0479.645.402

Represented by Jurgen Ramon

Active

Helene Ramon

Director

Active

Ended mandates

Helene Ramon

Director · since 29 décembre 2019 · until 30 septembre 2020

Ended

Hélène Ramon

Director · since 28 décembre 2019 · until 10 septembre 2026

Ended

Jurgen Ramon

Director · since 08 septembre 2016 · until 28 décembre 2019

Ended

Jurgen Ramon

Director · since 08 septembre 2016 · until 08 septembre 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other18/07/2011
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates19/04/2011
ONTSLAGEN - BENOEMINGEN
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 202547,8 k €↑
2024
Annual accounts 2024-23,9 k €↑
2023
Annual accounts 2023-92,7 k €↓
2022
Annual accounts 2022-39,7 k €↓
2021
Annual accounts 20211,4 k €↓
2020
Annual accounts 20201,9 k €↑
2019
Annual accounts 2019943,7 €↓
2018
Annual accounts 2018128,3 k €↑
2017
Annual accounts 201711 k €↓
2016
Annual accounts 201613,6 k €↓
2015
Annual accounts 201534,6 k €↑
2014
Annual accounts 201420,6 k €↑
2013
Annual accounts 201316,8 k €↑
2012
Annual accounts 20124,5 k €↑
2010
Annual accounts 2010-72,4 k €↓
2009
Annual accounts 200940,7 k €↑
2008
Annual accounts 2008-17,3 k €↓
2007
Annual accounts 200760,3 k €
26/11/2004
IncorporationPublic 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

WALLS

Overview

What does WALLS do?

Trend over 18 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