ACTIVE

WEREC FINANCE

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Financial year 2025 · Closed on 31/12/2025

Net result213,2 k €+41,4 %over 1 year

Gross margin-24,1 k €-8,2 %over 1 year

Equity17,6 M €+1,2 %over 1 year

Identity

Source · BCE/KBO

WEREC FINANCE is a Public limited company incorporated in 2008. Its registered office is in Saint-Josse-ten-Noode.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0895.199.736
Incorporation: 24/01/2008
Legal form: Public limited company
Registered office: Avenue des Arts 1-9
1210 Saint-Josse-ten-Noode · BruxellesSee on map
Contributed capital: 16 944 710,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 18 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-24,1 k €	-8.2%	-22,2 k €	+19.7%	-27,7 k €	-7.4%	-25,8 k €	-12.0%	-23 k €
EBITDA	-190,3 k €	-159%	-73,5 k €	-154%	-28,9 k €	+9.0%	-31,8 k €	-31.8%	-24,1 k €
Operating result	-190,3 k €	-159%	-73,5 k €	-154%	-28,9 k €	+9.0%	-31,8 k €	-31.8%	-24,1 k €
Net result	213,2 k €	+41.4%	150,8 k €	-68.8%	482,8 k €	+190%	-533,9 k €	-1841%	30,7 k €
Balance sheet
Equity	17,6 M €	+1.2%	17,4 M €	+0.9%	17,3 M €	+2.3%	16,9 M €	-3.1%	17,4 M €
Total assets	21,5 M €	+22.6%	17,5 M €	+0.7%	17,4 M €	+2.9%	16,9 M €	-2.9%	17,4 M €
Cash	243 k €	+57.0%	154,8 k €	-56.7%	357,3 k €	-86.2%	2,6 M €	+208%	843 k €
Debts	3,8 M €	+3519%	106,2 k €	-20.7%	133,9 k €	+359%	29,1 k €	+244%	8,5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 19 ended

Active mandates

Gonzalo FERNÁNDEZ IGLESIAS

Director · since 20 octobre 2023 · until 20 octobre 2029

Active

Juan Carlos SMITH MORRONDO

Director · since 20 octobre 2023 · until 20 octobre 2029

Active

LAPALICE

Director · since 20 octobre 2023 · until 20 octobre 2029 · 0537.892.912

Represented by Jean-Philippe BALON

Active

Sofia de RAMÓN-LACA CLAUSEN

Director · since 20 octobre 2023 · until 20 octobre 2029

Active

Ended mandates

LAPALICE

Director · since 06 juillet 2022 · until 12 mai 2028 · 0537.892.912

Represented by Jean-Philippe BALON

Ended

Gonzalo FERNÁNDEZ IGLESIAS

Director · since 31 mai 2022 · until 31 mai 2028

Ended

Sofia de RAMÓN-LACA CLAUSEN

Director · since 31 mai 2022 · until 31 mai 2028

Ended

Juan Carlos SMITH MORRONDO

Director · since 20 mai 2022 · until 31 mai 2028

Ended

Full financial information

Source · NBB

	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	01/01/2025	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	21/07/2026	30/07/2025	17/05/2024	28/06/2023	07/06/2022	14/05/2021
General meeting	30/06/2026	30/07/2025	14/05/2024	23/06/2023	31/05/2022	11/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	21/07/2026	French	PDF
Abridged model	31/12/2024	30/07/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	17/05/2024	French	PDF
Abridged model	31/12/2022	23/06/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	31/05/2022	07/06/2022	French	PDF
Abridged model	31/12/2020	11/05/2021	14/05/2021	French	PDF
Abridged model	31/12/2019	14/08/2020	19/08/2020	French	PDF
Abridged model	31/12/2018	12/07/2019	16/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	11/07/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	07/07/2017	French	PDF
Full model	31/12/2015	29/06/2016	05/07/2016	French	PDF
Full model	31/12/2014	29/06/2015	14/09/2015	French	PDF
Full model	31/12/2013	14/06/2014	26/06/2014	French	PDF
Full model	31/12/2012	04/06/2013	26/06/2013	French	PDF
Full model	31/12/2011	29/05/2012	27/06/2012	French	PDF
Full model	31/12/2010	28/06/2011	26/07/2011	French	PDF
Full model	31/12/2009	01/06/2010	18/08/2010	French	PDF
Full model	31/12/2008	01/06/2009	10/07/2009	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 19 ended

Active mandates

Gonzalo FERNÁNDEZ IGLESIAS

Director · since 20 octobre 2023 · until 20 octobre 2029

Active

Juan Carlos SMITH MORRONDO

Director · since 20 octobre 2023 · until 20 octobre 2029

Active

LAPALICE

Director · since 20 octobre 2023 · until 20 octobre 2029 · 0537.892.912

Represented by Jean-Philippe BALON

Active

Sofia de RAMÓN-LACA CLAUSEN

Director · since 20 octobre 2023 · until 20 octobre 2029

Active

Ended mandates

LAPALICE

Director · since 06 juillet 2022 · until 12 mai 2028 · 0537.892.912

Represented by Jean-Philippe BALON

Ended

Gonzalo FERNÁNDEZ IGLESIAS

Director · since 31 mai 2022 · until 31 mai 2028

Ended

Sofia de RAMÓN-LACA CLAUSEN

Director · since 31 mai 2022 · until 31 mai 2028

Ended

Juan Carlos SMITH MORRONDO

Director · since 20 mai 2022 · until 31 mai 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office23/04/2025
SIEGE SOCIAL
PDF
Capital / shares09/02/2024
CAPITAL, ACTIONS
PDF
Mandates27/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates04/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates24/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2021
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

2025
Annual accounts 2025213,2 k €↑
2024
Annual accounts 2024150,8 k €↓
2023
Annual accounts 2023482,8 k €↑
2022
Annual accounts 2022-533,9 k €↓
2021
Annual accounts 202130,7 k €↓
2020
Annual accounts 202047,3 k €↓
2019
Annual accounts 2019112 k €↓
2018
Annual accounts 2018258,9 k €↑
2017
Annual accounts 2017120,2 k €↑
2016
Annual accounts 2016100,3 k €↓
2015
Annual accounts 2015165,3 k €↓
2014
Annual accounts 2014233,2 k €↓
2013
Annual accounts 2013333,8 k €↑
2012
Annual accounts 2012191,4 k €↓
2011
Annual accounts 2011436,7 k €↓
2010
Annual accounts 20101,2 M €↓
2009
Annual accounts 20091,3 M €↓
2008
Annual accounts 20082,1 M €
24/01/2008
IncorporationPublic limited company

WEREC FINANCE

Overview

Identity

Financials

Valuation

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

Timeline