ACTIVE

WELACO

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Financial year 2025 · closed on 31/12/2025

Net result

319,9 k €

+125.7% YoY

Gross margin

476,8 k €

+130.4% YoY

Equity

1,5 M €

+26.2% YoY

What does WELACO do?

WELACO is a Private company with limited liability incorporated in 2007. Its registered office is in Ninove.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0886.681.255

Incorporation

24/01/2007

Legal form

Private company with limited liability

Registered office

Leopoldlaan 110
9400 Ninove · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	476,8 k €	+130%	206,9 k €	-21.6%	264 k €	+22.3%	216 k €	+0.3%	215,4 k €	+40.9%	152,8 k €	-18.5%	187,4 k €	-1.5%	190,3 k €	+20.9%	157,5 k €	-4.5%	164,8 k €	-20.0%	206 k €	+20.6%	170,8 k €	+22.4%	139,6 k €	+31.5%	106,2 k €	+79.2%	59,2 k €	+58.7%	37,3 k €	+50.0%	24,9 k €	-6.6%	26,6 k €	+239%	7,9 k €
EBITDA	473,4 k €	+134%	202,4 k €	-22.6%	261,6 k €	+23.2%	212,4 k €	-0.1%	212,6 k €	+39.4%	152,5 k €	-17.0%	183,7 k €	-3.0%	189,3 k €	+21.8%	155,4 k €	-3.6%	161,2 k €	-21.0%	204,1 k €	+21.8%	167,6 k €	+21.7%	137,7 k €	+30.7%	105,3 k €	+81.2%	58,1 k €	+59.0%	36,6 k €	+51.7%	24,1 k €	-6.3%	25,7 k €	+254%	7,3 k €
Operating result	469,5 k €	+139%	196,3 k €	-22.7%	253,9 k €	+23.0%	206,5 k €	-1.1%	208,9 k €	+38.5%	150,8 k €	-17.6%	183 k €	-3.2%	189,1 k €	+22.5%	154,4 k €	-3.6%	160,2 k €	-21.1%	202,9 k €	+21.5%	167 k €	+22.4%	136,5 k €	+30.6%	104,5 k €	+82.5%	57,2 k €	+59.1%	36 k €	+54.6%	23,3 k €	-7.3%	25,1 k €	+324%	5,9 k €
Net result	319,9 k €	+126%	141,7 k €	-24.8%	188,4 k €	+22.1%	154,3 k €	+3.2%	149,4 k €	+16.8%	128 k €	-7.9%	138,9 k €	+4.2%	133,4 k €	+29.0%	103,4 k €	+9.8%	94,2 k €	-23.2%	122,6 k €	+15.5%	106,2 k €	+13.8%	93,3 k €	+35.6%	68,8 k €	+96.1%	35,1 k €	+44.0%	24,4 k €	+54.7%	15,8 k €	-6.9%	16,9 k €	+912%	1,7 k €
Balance sheet
Equity	1,5 M €	+26.2%	1,2 M €	-22.7%	1,6 M €	+13.5%	1,4 M €	+12.5%	1,2 M €	+13.7%	1,1 M €	+13.3%	961 k €	+16.9%	822,1 k €	+19.4%	688,7 k €	+17.7%	585,3 k €	+19.2%	491,1 k €	+33.3%	368,5 k €	+40.5%	262,2 k €	+55.3%	168,9 k €	+68.8%	100 k €	+54.1%	64,9 k €	+60.1%	40,6 k €	+63.6%	24,8 k €	+215%	7,9 k €
Total assets	1,6 M €	-10.3%	1,8 M €	+6.8%	1,7 M €	+12.7%	1,5 M €	+12.3%	1,3 M €	+14.8%	1,2 M €	+11.3%	1,1 M €	+14.3%	923 k €	+21.0%	763,1 k €	+13.7%	671,1 k €	+9.2%	614,6 k €	+38.9%	442,6 k €	+25.1%	353,6 k €	+10.8%	319,3 k €	+57.1%	203,2 k €	+2.3%	198,7 k €	+8.2%	183,5 k €	+339%	41,9 k €	+109%	20 k €
Cash	750,9 k €	-39.3%	1,2 M €	+31.4%	941 k €	+19.2%	789,3 k €	+37.9%	572,1 k €	+5.8%	540,6 k €	+6.3%	508,8 k €	+26.1%	403,3 k €	+40.4%	287,3 k €	+23.6%	232,4 k €	+19.1%	195,2 k €	+155%	76,5 k €	+207%	24,9 k €	+436%	4,6 k €	-42.1%	8 k €	+147%	3,2 k €	-67.8%	10,1 k €	-60.4%	25,5 k €	+418%	4,9 k €
Debts	93,8 k €	-84.4%	602,2 k €	+566%	90,5 k €	+27.1%	71,2 k €	+19.9%	59,4 k €	-22.1%	76,2 k €	-19.2%	94,3 k €	-6.6%	100,9 k €	+35.7%	74,4 k €	-13.1%	85,6 k €	-29.8%	121,9 k €	+64.4%	74,1 k €	-18.9%	91,4 k €	-39.2%	150,4 k €	+45.8%	103,1 k €	-22.9%	133,7 k €	-6.5%	143 k €	+739%	17 k €	+40.2%	12,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

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

Active mandates

WERNER LAPAGE

Director · since 19 janvier 2007

Active

Ended mandates

WERNER LAPAGE

Manager · since 19 janvier 2007

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	18/08/2026	18/08/2025	25/07/2024	01/09/2023	31/08/2022	28/10/2021
General meeting	05/05/2026	06/05/2025	07/05/2024	02/05/2023	03/05/2022	04/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/05/2026	18/08/2026	Dutch	PDF
Abridged model	31/12/2024	06/05/2025	18/08/2025	Dutch	PDF
Abridged model	31/12/2023	07/05/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	01/09/2023	Dutch	PDF
Micro model	31/12/2021	03/05/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	04/05/2021	28/10/2021	Dutch	PDF
Micro model	31/12/2019	05/05/2020	28/10/2020	Dutch	PDF
Abridged model	31/12/2018	07/05/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	01/05/2018	17/09/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	29/11/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/05/2015	29/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	21/10/2013	Dutch	PDF
Abridged model	31/12/2011	01/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	04/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/05/2008	25/08/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 ended

Active mandates

WERNER LAPAGE

Director · since 19 janvier 2007

Active

Ended mandates

WERNER LAPAGE

Manager · since 19 janvier 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other01/02/2007
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 2025319,9 k €↑
2024
Annual accounts 2024141,7 k €↓
2023
Annual accounts 2023188,4 k €↑
2022
Annual accounts 2022154,3 k €↑
2021
Annual accounts 2021149,4 k €↑
2020
Annual accounts 2020128 k €↓
2019
Annual accounts 2019138,9 k €↑
2018
Annual accounts 2018133,4 k €↑
2017
Annual accounts 2017103,4 k €↑
2016
Annual accounts 201694,2 k €↓
2015
Annual accounts 2015122,6 k €↑
2014
Annual accounts 2014106,2 k €↑
2013
Annual accounts 201393,3 k €↑
2012
Annual accounts 201268,8 k €↑
2011
Annual accounts 201135,1 k €↑
2010
Annual accounts 201024,4 k €↑
2009
Annual accounts 200915,8 k €↓
2008
Annual accounts 200816,9 k €↑
2007
Annual accounts 20071,7 k €
24/01/2007
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

WELACO

Overview

What does WELACO do?

Trend over 19 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