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DE WAAL SOLID FOUNDATIONS

Active
Public limited companyfounded 1959active for 66 yearsVoshol 6, 9160 Lokeren, BelgiumKBO/BCE: BE 0404.634.015
Summary

DE WAAL SOLID FOUNDATIONS has been active since 1959 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.2m and a net result of €2.7m. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 27% of 363 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23610Other specialised construction activities NACE 43990
3rd oldest company in Lokeren, Manufacturing sector2 sites
Size
€39.1mturnover 2025
Staff
104.5 FTE
Equity
€9.2m
Profit
€2.7m
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
2Fund · 100%
Board
8 members
Holdings
1
  • GomaarManaging director · permanent representative Bart CLOET
Auditor: CALLENS VANDELANOTTE2025 accounts 44 days early6 of 23 deeds summarised
Why 92lowers riskSize: turnover €39.1m, 104.5 FTE, total assets €32.2mFounded in 1959Liquidity: current ratio 0.73, cash €4.9mSector: Manufacture of other non-metallic mineral products (NACE 23)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 23, medium-sized)
Financial strength · tick = 2024
Average
Solvency 54-18
equity 28.6% of total assets
Liquidity 39-11
short-term debt 58.5% · cash 15.2%
Profitability 72+5
return on assets 8.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (52 companies, NACE 23, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.73, compared with 1.28 in 2024, below 1; short-term debt: 58.5% and cash: 15.2% of total assets), and 71.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 23, medium-sized): better than 21% on solvency, 40% on liquidity, 75% on profitability and 8% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskneutral
lowers risk · Size: turnover €39.1m, 104.5 FTE, total assets €32.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1959
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 0.73, cash €4.9m
NBB · annual accounts
lowers risk · Sector: Manufacture of other non-metallic mineral products (NACE 23)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
13 days early
2023
40 days early
2022
9 days late
2021
30 days early
2020
36 days early
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 23) for financial year 2024 is 10 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: CALLENS VANDELANOTTE (statutory auditor)Permanent representatives: Frank Vandelanotte, Filip…
  3. Annual accounts filedfinancial year 2024 · full…

Financials · financial year 2025, full format

Turnover
€39.1m▼ 46.7%
2024 · €73.3m
EBIT margin
6.5%▲ 1.1pp
2024 · 5.4%
Net result
€2.7m▲ 9.3%
2024 · €2.4m
Working capital
-€5.0m
2024 · €4.1m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen two years in a row; 2025 is 36% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€39.1m 2025 Operating result€2.5m 2025 Net result€2.7m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€42.3m-€46.1m▲ 9.1%€37.9m▼ 17.7%€43.5m▲ 14.7%€41.9m▼ 3.8%€41.2m▼ 1.6%€73.3m▲ 78.1%€39.1m▼ 46.7%
Operating result€2.4m-€3.3m▲ 33.1%€4.8m▲ 47.8%€4.6m▼ 3.4%€1.4m▼ 69.7%€9.3m▲ 561%€4.0m▼ 57.1%€2.5m▼ 36.3%
Net result€1.6m-€2.1m▲ 32.0%€2.2mabove the sector's middle half▲ 8.4%€3.4mabove the sector's middle half▲ 54.9%€0.5mwithin the sector's middle half▼ 84.2%€6.2mabove the sector's middle half▲ 11×€2.4mabove the sector's middle half▼ 61.0%€2.7mabove the sector's middle half▲ 9.3%
EBIT margin5.8%-7.1%▲ 1.3pp12.7%▲ 5.6pp10.7%▼ 2.0pp3.4%▼ 7.3pp22.6%▲ 19.2pp5.4%▼ 17.1pp6.5%▲ 1.1pp
Equity€9.4m-€9.4m▲ 0.5%€9.4mabove the sector's middle half▲ 0.3%€9.9mabove the sector's middle half▲ 4.7%€9.9mabove the sector's middle half=€16.1mabove the sector's middle half▲ 63.1%€15.5mabove the sector's middle half▼ 3.5%€9.2mabove the sector's middle half▼ 40.8%
Total assets€28.1m-€26.9m▼ 4.4%€24.8mabove the sector's middle half▼ 7.7%€28.2mabove the sector's middle half▲ 13.6%€26.4mabove the sector's middle half▼ 6.5%€35.8mabove the sector's middle half▲ 35.9%€33.3mabove the sector's middle half▼ 7.1%€32.2mabove the sector's middle half▼ 3.3%
Debt€18.6m-€17.4m▼ 6.6%€15.1m▼ 12.8%€18.3m▲ 20.5%€16.4m▼ 10.2%€19.7m▲ 20.2%€16.9m▼ 14.0%€22.5m▲ 33.1%
Working capital€5.4m-€6.7m▲ 24.0%€6.5mabove the sector's middle half▼ 2.7%€6.1mabove the sector's middle half▼ 6.1%€5.6mabove the sector's middle half▼ 7.6%€11.8mabove the sector's middle half▲ 109%€4.1mabove the sector's middle half▼ 65.3%-€5.0mbelow the sector's middle half
Solvency33.3%-35.0%▲ 1.7pp38.0%within the sector's middle half▲ 3.0pp35.0%within the sector's middle half▼ 3.0pp37.5%within the sector's middle half▲ 2.4pp45.0%within the sector's middle half▲ 7.5pp46.7%within the sector's middle half▲ 1.7pp28.6%within the sector's middle half▼ 18.1pp
Current ratio1.37-1.47▲ 0.101.48within the sector's middle half▲ 0.011.35within the sector's middle half▼ 0.131.40within the sector's middle half▲ 0.051.65within the sector's middle half▲ 0.261.28within the sector's middle half▼ 0.380.73below the sector's middle half▼ 0.54
Return on assets (ROA)5.5%-7.6%▲ 2.1pp9.0%above the sector's middle half▲ 1.3pp12.2%above the sector's middle half▲ 3.3pp2.1%within the sector's middle half▼ 10.2pp17.4%above the sector's middle half▲ 15.3pp7.3%within the sector's middle half▼ 10.1pp8.3%above the sector's middle half▲ 1.0pp
Staff (FTE)131.8-136.6▲ 3.6%136.5above the sector's middle half▼ 0.1%131.6above the sector's middle half▼ 3.6%132above the sector's middle half▲ 0.3%127.4above the sector's middle half▼ 3.5%119.2above the sector's middle half▼ 6.4%104.5above the sector's middle half▼ 12.3%
above within below the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.2m
Fixed assets €18.4m ▲ 27.9%
Current assets €13.8m ▼ 27.0%
Equity and liabilities €32.2m
Equity €9.2m ▼ 40.8%
Provisions €436,286 ▼ 45.8%
Debt €22.5m ▲ 33.1%
Debt's share of the balance-sheet total rises from 50.9% to 70.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3.6m▼
2024 · €4.8m
Cash flow
€3.8m▲
2024 · €3.2m
Quick ratio
0.67▼
2024 · 1.18
Debt to equity
2.45▲
2024 · 1.09
ROE
28.9%▲
2024 · 15.7%
Interest coverage
8.54▲
2024 · 8.09
Debt ≤ 1 year
€18.8m▲
2024 · €14.8m
Debt > 1 year
€3.7m▲
2024 · €2.1m
Income taxes
€536,857▼
2024 · €671,665
Staff costs
€8.7m▼
2024 · €9.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 378 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97.4% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
2.4% stopped otherwise
97.4% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 378 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 106 lines
Balance sheet Code20242025
Assets
Total assets20/58€33.3m€32.2m▼
Fixed assets21/28€14.4m€18.4m▲
Intangible fixed assets21€0.04m€0.01m▼
Tangible fixed assets22/27€1.9m€5.5m▲
Land and buildings22€0.3m€0.2m▼
Plant, machinery and equipment23€1.0m€2.5m▲
Furniture and vehicles24€0.3m€0.2m▼
Leasing and similar rights25€0.4m€2.6m▲
Other tangible fixed assets26€0.004m€0▼
Financial fixed assets28€12.4m€12.8m▲
Affiliated companies280/1€12.0m€12.4m▲
Participating interests280€0.7m€1.5m▲
Amounts receivable281€11.3m€10.9m▼
Other financial fixed assets284/8€0.4m€0.4m▲
Shares284€0.04m€0.04m▲
Amounts receivable and cash guarantees285/8€0.4m€0.4m▲
Current assets29/58€18.9m€13.8m▼
Stocks and contracts in progress3€1.4m€1.2m▼
Stocks30/36€1.4m€1.2m▼
Raw materials and consumables30/31€1.3m€1.2m▼
Goods purchased for resale34€0.02m€0.02m▼
Contracts in progress37€0-
Amounts receivable within one year40/41€11.7m€7.6m▼
Trade receivables40€7.8m€6.8m▼
Other amounts receivable41€3.9m€0.8m▼
Cash at bank and in hand54/58€5.6m€4.9m▼
Deferred charges and accrued income490/1€0.2m€0.1m▼
Equity and liabilities
Total equity and liabilities10/49€33.3m€32.2m▼
Equity10/15€15.5m€9.2m▼
Contributions10/11€0.7m€0.7m=
Capital10€0.7m€0.7m=
Issued capital100€0.7m€0.7m=
Reserves13€14.8m€8.5m▼
Non-distributable reserves130/1€0.07m€0.07m=
Legal reserve130€0.07m€0.07m=
Tax-exempt reserves132€7.2m€7.5m▲
Distributable reserves133€7.6m€0.9m▼
Provisions and deferred taxes16€0.8m€0.4m▼
Provisions for liabilities and charges160/5€0.6m€0.08m▼
Other liabilities and charges164/5€0.6m€0.08m▼
Deferred taxes168€0.2m€0.4m▲
Amounts payable17/49€16.9m€22.5m▲
Amounts payable after more than one year17€2.1m€3.7m▲
Financial debts170/4€2.1m€3.7m▲
Leasing and similar obligations172€0.3m€2.1m▲
Credit institutions173€1.8m€1.7m▼
Amounts payable within one year42/48€14.8m€18.8m▲
Current portion of amounts payable after more than one year42€0.2m€0.7m▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€8.1m€8.0m▼
Suppliers440/4€8.1m€8.0m▼
Advances received on contracts in progress46€0€0.2m▲
Taxes, remuneration and social security45€3.5m€1.0m▼
Taxes450/3€2.5m€0.09m▼
Remuneration and social security454/9€1.0m€0.9m▼
Other amounts payable47/48€3.0m€9.0m▲
Accrued charges and deferred income492/3€0.007m€0.005m▼
Income statement Code20242025
Operating income70/76A€48.0m€42.7m▼
Turnover70€73.3m€39.1m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€27.8m€0▲
Own construction capitalised72-€2.0m
Other operating income74€2.3m€1.6m▼
Non-recurring operating income76A€0.2m€0▼
Operating charges60/66A€44.0m€40.2m▼
Goods for resale, raw materials and consumables60€24.1m€21.7m▼
Purchases600/8€24.3m€21.6m▼
Change in stocks: decrease (increase)609-€0.3m€0.1m▲
Services and other goods61€9.1m€9.0m▼
Remuneration, social security and pensions62€9.4m€8.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.8m€1.1m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.008m-€0.1m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.4m-€0.5m▼
Other operating charges640/8€0.1m€0.2m▲
Non-recurring operating charges66A€0.1m€0▼
Operating profit (loss)9901€4.0m€2.5m▼
Financial income75/76B€1.3m€1.3m▼
Recurring financial income75€0.7m€0.4m▼
Income from financial fixed assets750€0.5m€0.2m▼
Income from current assets751€0.2m€0.2m▲
Other financial income752/9€0.03m€0.08m▲
Non-recurring financial income76B€0.6m€0.8m▲
Financial charges65/66B€1.9m€0.5m▼
Recurring financial charges65€0.7m€0.5m▼
Debt charges650€0.6m€0.4m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€1.1m€0▲
Other financial charges652/9€1.2m€0.09m▼
Non-recurring financial charges66B€1.3m€0▼
Profit (loss) for the period before taxes9903€3.3m€3.3m▼
Transfer from deferred taxes780€0.02m€0.03m▲
Transfer to deferred taxes680€0.3m€0.1m▼
Income taxes67/77€0.7m€0.5m▼
Taxes670/3€0.7m€0.5m▼
Tax adjustments and reversals of tax provisions77€0.01m€76▼
Profit (loss) for the period9904€2.4m€2.7m▲
Transfer from tax-exempt reserves789€0.04m€0.09m▲
Transfer to tax-exempt reserves689€0.8m€0.4m▼
Profit (loss) for the period to be appropriated9905€1.6m€2.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.6m€2.3m▲
Transfer from equity791/2€1.4m€7.0m▲
From reserves792€1.4m€7.0m▲
Transfer to equity691/2€0€0.3m▲
To other reserves6921€0€0.3m▲
Profit to be distributed694/7€3.0m€9.0m▲
Return on contributions (dividend)694€3.0m€9.0m▲
Social balance sheet
Average headcount (FTE)9087119.2104.5▼

The notes to these accounts (111 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€43.9m€44.4m€66.9m€48.0m€42.7m▼ 11.0%
Turnover70€42.3m€46.1m€37.9m€43.5m€41.9m€41.2m€73.3m€39.1m▼ 46.7%
Change in stocks of work in progress, finished goods and contracts in progress71----€1.0m€1.4m€24.3m-€27.8m€0-
Own construction capitalised72-------€2.0m-
Other operating income74---€0.8m€0.9m€1.0m€2.3m€1.6m▼ 28.1%
Non-recurring operating income76A---€0.5m€0.2m€0.3m€0.2m€0▼ 100%
Operating charges60/66A---€39.2m€43.0m€57.6m€44.0m€40.2m▼ 8.7%
Goods for resale, raw materials and consumables60---€21.2m€23.6m€36.7m€24.1m€21.7m▼ 9.7%
Purchases600/8---€21.1m€23.6m€37.0m€24.3m€21.6m▼ 11.3%
Change in stocks: decrease (increase)609---€0.09m€0.05m-€0.3m-€0.3m€0.1m-
Services and other goods61---€7.5m€8.4m€9.5m€9.1m€9.0m▼ 0.5%
Remuneration, social security and pensions62---€9.0m€9.1m€10.2m€9.4m€8.7m▼ 7.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.3m€2.8m€1.8m€1.5m€0.8m€0.7m€0.8m€1.1m▲ 35.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.02m-€0.04m€0.5m-€0.008m-€0.1m▼ 1,276%
Provisions for liabilities and charges: additions (uses and reversals)635/8---€0.02m€0.06m-€0.08m€0.4m-€0.5m-
Other operating charges640/8---€0.1m€0.1m€0.1m€0.1m€0.2m▲ 60.1%
Non-recurring operating charges66A---€0.004m€0.9m€0.03m€0.1m€0▼ 100%
Operating profit (loss)9901€2.4m€3.3m€4.8m€4.6m€1.4m€9.3m€4.0m€2.5m▼ 36.3%
Financial income75/76B---€0.3m€0.05m€0.003m€1.3m€1.3m▼ 1.1%
Recurring financial income75€0.2m€0.04m€0.05m€0.04m€0.05m€0.003m€0.7m€0.4m▼ 34.9%
Income from financial fixed assets750------€0.5m€0.2m▼ 70.0%
Income from current assets751---€0.04m€0.05m€0.003m€0.2m€0.2m▲ 44.9%
Other financial income752/9---€0.001m€17€113€0.03m€0.08m▲ 122%
Non-recurring financial income76B---€0.3m--€0.6m€0.8m▲ 37.4%
Financial charges65/66B---€0.3m€0.4m€0.7m€1.9m€0.5m▼ 73.5%
Recurring financial charges65€0.3m€0.3m€0.3m€0.3m€0.4m€0.7m€0.7m€0.5m▼ 25.0%
Debt charges650€0.2m€0.2m€0.2m€0.2m€0.3m€0.6m€0.6m€0.4m▼ 28.1%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-------€1.1m€0-
Other financial charges652/9---€0.1m€0.1m€0.07m€1.2m€0.09m▼ 92.6%
Non-recurring financial charges66B------€1.3m€0▼ 100%
Profit (loss) for the period before taxes9903€2.3m€3.0m€3.5m€4.7m€1.1m€8.6m€3.3m€3.3m▼ 1.1%
Transfer from deferred taxes780---€0.01m€0.009m€0.008m€0.02m€0.03m▲ 112%
Transfer to deferred taxes680------€0.3m€0.1m▼ 44.8%
Income taxes67/77€0.8m€1.0m€1.4m€1.2m€0.6m€2.4m€0.7m€0.5m▼ 20.1%
Taxes670/3---€1.3m€0.6m€2.4m€0.7m€0.5m▼ 21.4%
Tax adjustments and reversals of tax provisions77---€0.04m€8-€0.01m€76▼ 99.4%
Profit (loss) for the period9904€1.6m€2.1m€2.2m€3.4m€0.5m€6.2m€2.4m€2.7m▲ 9.3%
Transfer from tax-exempt reserves789---€0.02m€0.02m€0.02m€0.04m€0.09m▲ 132%
Transfer to tax-exempt reserves689---€0.01m€0.01m€0.01m€0.8m€0.4m▼ 50.2%
Profit (loss) for the period to be appropriated9905€1.7m€2.1m€2.3m€3.4m€0.5m€6.2m€1.6m€2.3m▲ 42.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€28.1m€26.9m€24.8m€28.2m€26.4m€35.8m€33.3m€32.2m▼ 3.3%
Fixed assets21/28€8.1m€5.9m€4.7m€4.5m€6.6m€6.1m€14.4m€18.4m▲ 27.9%
Intangible fixed assets21€0.07m€0.05m€0.07m€0.1m€0.1m€0.07m€0.04m€0.01m▼ 65.6%
Tangible fixed assets22/27€5.9m€3.6m€2.8m€2.2m€4.2m€4.2m€1.9m€5.5m▲ 190%
Land and buildings22---€0.3m€2.8m€2.8m€0.3m€0.2m▼ 14.1%
Plant, machinery and equipment23---€0.6m€0.7m€1.1m€1.0m€2.5m▲ 145%
Furniture and vehicles24---€0.5m€0.5m€0.3m€0.3m€0.2m▼ 13.4%
Leasing and similar rights25---€0.3m€0.07m€0.006m€0.4m€2.6m▲ 589%
Other tangible fixed assets26---€0.04m€0.03m€0.02m€0.004m€0▼ 100%
Assets under construction and advance payments27---€0.5m€0.2m----
Financial fixed assets28€2.2m€2.3m€1.8m€2.2m€2.2m€1.8m€12.4m€12.8m▲ 3.3%
Affiliated companies280/1---€1.3m€1.3m€1.3m€12.0m€12.4m▲ 3.3%
Participating interests280---€1.3m€1.3m€1.3m€0.7m€1.5m▲ 121%
Amounts receivable281------€11.3m€10.9m▼ 3.8%
Other financial fixed assets284/8---€0.8m€0.9m€0.5m€0.4m€0.4m▲ 3.1%
Shares284---€0.07m€0.08m€0.05m€0.04m€0.04m▲ 6.8%
Amounts receivable and cash guarantees285/8---€0.7m€0.8m€0.5m€0.4m€0.4m▲ 2.8%
Current assets29/58€20.0m€21.0m€20.1m€23.7m€19.8m€29.7m€18.9m€13.8m▼ 27.0%
Stocks and contracts in progress3€0.8m€0.8m€1.0m€1.6m€1.6m€1.8m€1.4m€1.2m▼ 11.0%
Stocks30/36---€0.9m€0.8m€1.1m€1.4m€1.2m▼ 11.0%
Raw materials and consumables30/31---€0.9m€0.8m€1.1m€1.3m€1.2m▼ 11.1%
Goods purchased for resale34-----€0.02m€0.02m€0.02m▼ 0.9%
Contracts in progress37---€0.7m€0.8m€0.7m€0--
Amounts receivable within one year40/41€14.5m€17.6m€16.0m€19.4m€15.9m€24.9m€11.7m€7.6m▼ 34.9%
Trade receivables40---€10.7m€10.1m€16.2m€7.8m€6.8m▼ 12.8%
Other amounts receivable41---€8.6m€5.9m€8.6m€3.9m€0.8m▼ 79.3%
Cash at bank and in hand54/58€3.7m€2.1m€2.5m€2.7m€2.2m€3.0m€5.6m€4.9m▼ 13.4%
Deferred charges and accrued income490/1---€0.002m€0.03m€0.04m€0.2m€0.1m▼ 55.9%
Equity and liabilities
Total equity and liabilities10/49€28.1m€26.9m€24.8m€28.2m€26.4m€35.8m€33.3m€32.2m▼ 3.3%
Equity10/15€9.4m€9.4m€9.4m€9.9m€9.9m€16.1m€15.5m€9.2m▼ 40.8%
Contributions10/11€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m=
Capital10---€0.7m€0.7m€0.7m€0.7m€0.7m=
Issued capital100---€0.7m€0.7m€0.7m€0.7m€0.7m=
Reserves13€8.7m€8.7m€8.7m€9.2m€9.2m€15.4m€14.8m€8.5m▼ 42.7%
Non-distributable reserves130/1---€0.07m€0.07m€0.07m€0.07m€0.07m=
Legal reserve130---€0.07m€0.07m€0.07m€0.07m€0.07m=
Tax-exempt reserves132---€6.4m€6.4m€6.4m€7.2m€7.5m▲ 4.5%
Distributable reserves133---€2.7m€2.7m€8.9m€7.6m€0.9m▼ 88.1%
Provisions and deferred taxes16€0.1m€0.08m€0.2m€0.05m€0.1m€0.01m€0.8m€0.4m▼ 45.8%
Provisions for liabilities and charges160/5---€0.02m€0.08m€0.002m€0.6m€0.08m▼ 84.8%
Other liabilities and charges164/5---€0.02m€0.08m€0.002m€0.6m€0.08m▼ 84.8%
Deferred taxes168---€0.03m€0.02m€0.009m€0.2m€0.4m▲ 43.6%
Amounts payable17/49€18.6m€17.4m€15.1m€18.3m€16.4m€19.7m€16.9m€22.5m▲ 33.1%
Amounts payable after more than one year17€3.8m€2.4m€1.2m€0.4m€2.0m€1.5m€2.1m€3.7m▲ 78.1%
Financial debts170/4---€0.4m€2.0m€1.5m€2.1m€3.7m▲ 78.1%
Leasing and similar obligations172---€0.4m€0.05m-€0.3m€2.1m▲ 602%
Credit institutions173----€1.9m€1.5m€1.8m€1.7m▼ 7.4%
Amounts payable within one year42/48€14.6m€14.3m€13.6m€17.6m€14.2m€18.0m€14.8m€18.8m▲ 26.8%
Current portion of amounts payable after more than one year42---€0.8m€0.8m€0.5m€0.2m€0.7m▲ 203%
Financial debts43---€3.5m€3.5m€3.5m€0--
Credit institutions430/8---€3.5m€3.5m€3.5m€0--
Trade debts44€6.9m€5.1m€4.9m€7.2m€7.3m€9.5m€8.1m€8.0m▼ 1.6%
Suppliers440/4---€7.2m€7.3m€9.5m€8.1m€8.0m▼ 1.6%
Advances received on contracts in progress46---€0.5m€0.3m€0.04m€0€0.2m-
Taxes, remuneration and social security45---€2.6m€1.8m€3.9m€3.5m€1.0m▼ 72.1%
Taxes450/3---€1.4m€0.7m€2.5m€2.5m€0.09m▼ 96.4%
Remuneration and social security454/9---€1.2m€1.1m€1.4m€1.0m€0.9m▼ 12.3%
Other amounts payable47/48---€3.0m€0.5m€0.5m€3.0m€9.0m▲ 200%
Accrued charges and deferred income492/3---€0.3m€0.2m€0.3m€0.007m€0.005m▼ 24.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1.6m€2.1m€2.2m€3.4m€0.5m€6.2m€2.4m€2.7m▲ 9.3%
+ Depreciation and write-downs630€3.3m€2.8m€1.8m€1.5m€0.8m€0.7m€0.8m€1.1m▲ 35.5%
Operating cash flow (approximation)€4.8m€4.9m€4.0m€4.9m€1.3m€6.9m€3.2m€3.8m▲ 15.9%
Investment in fixed assets (approximation)--€0.6m-€0.6m-€1.2m-€2.8m-€0.2m-€9.1m-€5.1m▲ 43.8%
Change in cash--€1.6m€0.4m€0.2m-€0.5m€0.8m€2.6m-€0.8m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 17-06-2026 2026-00170797
31-12-2024 full format 18-07-2025 2025-00290298
31-12-2023 full format 21-06-2024 2024-00153769
31-12-2022 full format 09-08-2023 2023-00321545
31-12-2021 full format 01-07-2022 2022-20123118
31-12-2020 full format 25-06-2021 2021-25300490
31-12-2019 full format 25-06-2020 2020-21000353
31-12-2018 full format 28-05-2019 2019-14900233
31-12-2017 full format 18-06-2018 2018-20100219
31-12-2016 full format 15-06-2017 2017-18500429

Show all 49 filings

Similar companies · same sector, comparable size

Of the 399 active companies whose main activity is manufacture of other non-metallic mineral products (NACE 23610), figures are known for 317. 166 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €18,013 awarded · €18,013 paid
Year Entries AwardedPaid
2025 1 €3,493€3,493
2024 1 €4,260€4,260
2023 1 €4,260€4,260
2022 1 €6,000€6,000
Schemes
3 entries · €12,013 · €12,013 paid · Departement Werk en Sociale Economie
1 entry · €6,000 · €6,000 paid · Departement Mobiliteit en Openbare Werken

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
8 directors, 2 in day-to-day management, last change in 2024

Board 8

2Fund
Director · since 31-05-2024 · Legal entity · permanent representative: Dirk JONCKHEERE
Current
Dirk JONCKHEERE
Director · since 31-05-2024
Current
Gomaar
Director · since 31-05-2024 · Private limited company · permanent representative: Bart CLOET
Current
LYVIA
Director · since 31-05-2024 · Private limited company · permanent representative: Yves LAMEIRE
Current
Tom Willemen
Director · since 26-06-2024
Current
Current
UBIVISION
Director · Private limited company (pre-2019) · permanent representative: Alexander Laquière
Current
2Fund
Director · since 05-12-2024 · Legal entity · from a recent deed
Current

Day-to-day management 2

Gomaar
Managing director · since 31-05-2024 · Private limited company · permanent representative: Bart CLOET
Current
LYVIA
Managing director · since 31-05-2024 · Private limited company · permanent representative: Yves LAMEIRE
Current

Permanent representatives 4

Bart CLOET
Permanent representative · since 31-05-2024 · for Gomaar
Current
Dirk JONCKHEERE
Permanent representative · since 31-05-2024 · for 2Fund
Current
Yves LAMEIRE
Permanent representative · since 31-05-2024 · for LYVIA
Current
Alexander Laquière
Permanent representative · for UBIVISION
Current

Statutory auditor 1

CALLENS VANDELANOTTE
Statutory auditor · since 31-07-2025
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
17 of this company's 23 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

12 people since 2024, 9 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
UBIVISION
  • Director, from 17-01-2024 to 03-05-2024
  • Managing director, from 17-01-2024 to 31-05-2024
  • Director and managing director, until 31-05-2024
  • Director, since before 26-06-2024
Johan Willemen
  • Director, since before 03-05-2024
2Fund
  • Director, from 31-05-2024 to date
Dirk JONCKHEERE
  • Director, from 31-05-2024 to date
Gomaar
  • Director, from 31-05-2024 to date
  • Managing director, from 31-05-2024 to date
LYVIA
  • Director, from 31-05-2024 to date
  • Managing director, from 31-05-2024 to date
Tom Willemen
  • Director and managing director, until 31-05-2024
  • Director and managing director, until 31-05-2024
  • Director, from 26-06-2024 to date
2Fundfrom an act
  • Director, from 05-12-2024 to date
CALLENS VANDELANOTTE
  • Statutory auditor, from 31-07-2025 to date
Johannes WILLEMEN
  • Bestuurder, gedelegeerd bestuurder en persoon belast met het dagelijks bestuur, until 31-05-2024
  • Bestuurder, gedelegeerd bestuurder en persoon belast met het dagelijks bestuur, until 31-05-2024
Willemen Groep NV
  • Director, until 03-05-2024
Renotim bv
  • Managing director, until 17-01-2024
  • Algemeen directeur, from 15-03-2024 ended, last mentioned 15-03-2024
  • Director, until 29-04-2024
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. 2Fund 100%
  2. DE WAAL SOLID FOUNDATIONS

Highest known parent: 2Fund. The sources do not say who stands above it.

Owners 1

According to the 2025 annual accounts of DE WAAL SOLID FOUNDATIONS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Capital over the years
  1. 27-02-2024 Capital stated in the deed · €697,831.35 · 11,239 shares

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

According to the 2025 annual accounts of DE WAAL SOLID FOUNDATIONS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

13 connected companies
Linked via shared directors
COSIMCO
via Tom Willemen · Director
→
Gebroeders Vereecken
via Tom Willemen · Chair of the board
→
IMMO CAVAN
via Tom Willemen · Managing director
→
KOGAMAT
via Tom Willemen · Managing director
→
Show 9 more companies with a shared director
MOBILMAT
via Tom Willemen · Director
→
TOOLS
via Tom Willemen · Director
→
VANDAMME - MADOE
via Tom Willemen · Chair of the board
→
A. VYNCKE
Shared corporate director
→
Exceptra
Shared corporate director
→
LAMEIRE FUNDERINGSTECHNIEKEN
Shared corporate director
→
REVYSON
Shared corporate director
→
VOTQUENNE FOUNDATIONS
Shared corporate director
→
VQ LOGISTICS
Shared corporate director
→

History

DE WAAL SOLID FOUNDATIONS was incorporated on 6 November 1959.1 Turnover went from €42.3m in 2018 to €39.1m in 2025 and headcount from 132 to 105 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
17-06
NBB filing Annual accounts filed
financial year 2025 · full format
2025
31-07
Gazette deed Reappointment: CALLENS VANDELANOTTE (statutory auditor)
Permanent representatives: Frank Vandelanotte, Filip Remmery and Bart Cloet5 facts ▸
  • General meeting, 08-05-2025
  • Auditor reappointment, CALLENS VANDELANOTTE (statutory auditor)
  • Permanent representative, Frank Vandelanotte
  • Permanent representative, Filip Remmery
  • Permanent representative, Bart Cloet
18-07
NBB filing Annual accounts filed
financial year 2024 · full format
2024
05-12
Gazette deed Appointment: 2Fund (director)
Permanent representatives: Dirk JONCKHEERE, Yves Lameire and Bart Cloet · Correction · Declaration10 facts ▸
  • General meeting, 20-11-2024
  • Correction, “materiele vergissing in notulen 2024-05-31, benoeming 2Fund in de plaats” (deed in Dutch)
  • Director appointment, 2Fund (director)
  • Permanent representative, Dirk JONCKHEERE
  • Declaration, “aanvaarding mandaat en verbodsbepaling” (deed in Dutch)
  • Board composition, LYVIA (director)
  • Permanent representative, Yves Lameire
  • Board composition, GOMAAR (director)
  • Permanent representative, Bart Cloet
  • Board composition, 2Fund (director)
26-06
Gazette deed Resignations: Renotim bv, Willemen Groep nv and 2 others
Permanent representatives: Olivier Rens, Tom Willemen and Alexander Laquière · Reappointments: Johan Willemen (director) and Ubivision bv (director) · Appointment: Tom Willemen (director)13 facts ▸
  • General meeting, 29-04-2024
  • Director resignation, Renotim bv (director)
  • Permanent representative, Olivier Rens
  • General meeting, 03-05-2024
  • Director resignation, Willemen Groep nv (director)
  • Director resignation, Johan Willemen (director)
  • Director resignation, Ubivision bv (director)
  • Permanent representative, Tom Willemen
  • Permanent representative, Alexander Laquière (2 times)
  • Director reappointment, Johan Willemen (director)
  • Director appointment, Tom Willemen (director)
  • Director reappointment, Ubivision bv (director)
  • +1 further fact in this act
21-06
NBB filing Annual accounts filed
financial year 2023 · full format
14-06
Gazette deed Resignations: UBIVISION, Tom WILLEMEN and Johannes WILLEMEN
Permanent representatives: Alexander LAQUIERE, Bart CLOET and Yves LAMEIRE · Appointments: GOMAAR, LYVIA and Dirk JONCKHEERE15 facts ▸
  • General meeting, 31-05-2024
  • Board meeting, “besluiten enige aandeelhouder van 2024-05-31, raad van bestuur” (deed in Dutch)
  • Director resignation, UBIVISION (director and managing director)
  • Director resignation, Tom WILLEMEN (director and managing director)
  • Director resignation, Johannes WILLEMEN (bestuurder, gedelegeerd bestuurder en persoon belast met het dagelijks bestuur)
  • Permanent representative, Alexander LAQUIERE
  • Director appointment, GOMAAR (director)
  • Director appointment, LYVIA (director)
  • Director appointment, Dirk JONCKHEERE (director)
  • Permanent representative, Bart CLOET
  • Permanent representative, Yves LAMEIRE
  • Director appointment, GOMAAR (managing director)
  • +3 further facts in this act
15-03
Gazette deed Appointments: UBIVISION bv (director) and Renotim bv (algemeen directeur)
Permanent representatives: Alexander Laquiere and Olivier Rens · Resignation: Renotim bv (managing director) · Power of attorney10 facts ▸
  • General meeting, 16-01-2024
  • Director appointment, UBIVISION bv (director)
  • Permanent representative, Alexander Laquiere
  • Board meeting, 17-01-2024
  • Director resignation, Renotim bv (managing director)
  • Permanent representative, Olivier Rens
  • Director appointment, Renotim bv (algemeen directeur)
  • Director appointment, UBIVISION bv (managing director)
  • Power of attorney, Renotim bv (algemeen directeur)
  • Power of attorney, UBIVISION bv (managing director)
27-02
Gazette deed Amendment of the articles
Capital3 facts ▸
  • General meeting, 22-12-2023
  • Amendment of the articles
  • Capital, €697,831.35
2023
31-12
Financial Highest result from 2018 to 2025net €6.2m ▲1,048%
Operating result €9.3m, net result €6.2m, both a record.
31-12
Financial Equity above €10mequity €16.1m ▲63.1%
A profit in every financial year since 2018 builds equity to €16.1m.
09-08
NBB filing Annual accounts filed
financial year 2022 · full format · 9 days late
Show earlier events
2022
31-12
Financial Weakest financial yearnet €542,924 ▼84.2%
Net result drops to €542,924, the lowest in the series; recovery starts the following year.
01-07
NBB filing Annual accounts filed
financial year 2021 · full format
2021
25-06
NBB filing Annual accounts filed
financial year 2020 · full format
2020
25-06
NBB filing Annual accounts filed
financial year 2019 · full format
2019
28-05
NBB filing Annual accounts filed
financial year 2018 · full format
2018
18-06
NBB filing Annual accounts filed
financial year 2017 · full format
2017
15-06
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 49 annual accounts filed, the latest 10 are here; all 49 are under Financials.
6 of 23 deeds read
About the unread acts

Of the 23 Belgian Official Gazette deeds we know for this company, 6 have been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded06-11-1959
Financial year end31-12
Activities, NACEBEL 2025
23610Manufacture of other non-metallic mineral products
43990Other specialised construction activities
Contact
E-mail info@dewaal.euLokeren
Phone 09/340.55.05Lokeren
E-invoicing
Reachable via Peppol
Peppol ID 0208:0404634015
Also 9925:BE0404634015
Registered 25-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0404.634.015

Recognitions · licences · registrations

Recognised contractor

1 category
DE WAAL SOLID FOUNDATIONS NVapproval no. 09724
  • E2 Pile foundations, sheet piling and diaphragm wallsclass 8, no upper limit
decision 29-06-2026

Legal Entity Identifier

549300DYKMFG7DX7KJ54
live in the LEI register

Environmental permits

3 applications in Flanders since 2022 · 2 granted
Een grond gebruiken, aanleggen of inrichten; Verbouwen / Wijzigen Infrastructuur
Granted on 13-07-2026submitted 25-03-2026authority: Lokerenproject 2026036368
Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten; Nieuwbouw of aanleggen
Granted on 06-02-2023submitted 22-10-2022authority: Lokerenproject 2022141486
Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten; Nieuwbouw of aanleggen
Discontinued on 25-10-2022submitted 27-09-2022authority: Lokerenproject 2022114068

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Lokeren · 2 establishment units since 1998
registered office establishment All 2 establishment units on the map
Ground area
1.8 ha
Building footprint
4,901 m²
Building volume
30,054 m³
3 parcels, Flanders · tallest building 18.3 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
2 establishment units
De Waal Solid Foundations
Voshol 6A, 9160 LokerenManufacture of machinery and equipment not elsewhere classified
since 1998unit no. 2.002.165.320
De Waal Solid Foundations
Edward Vlietinckstraat 22, 8400 OostendeMining support service activities
since 2016unit no. 2.266.894.057
3 parcels
Flanders 3 (100%)
Cadastral parcel Region Area Buildings Height / floors
46382B1104/00F000 Flanders 7,602 m² 1 · 1,386 m² 9.2 m · 2
35020B0077/00K000 Flanders 6,738 m² 1 · 1,867 m² 8.1 m · 2
46382B1104/00D000 Flanders 3,330 m² 1 · 1,649 m² 18.3 m · 2
How the parcels are linked
Good to know
All 3 parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Alle funderingswerken die worden uitgevoerd bij middel van palen,ongeacht of deze worden geheid,gestort of geprefabriceerd. Damwanden in…” (deed in Dutch)
28 activities (deed in Dutch)
  1. Alle funderingswerken die worden uitgevoerd bij middel van palen,ongeacht of deze worden geheid,gestort of geprefabriceerd. Damwanden in beton of in staal.
  2. Paalfunderingen,damwanden,diepwanden,secanswanden,berlinerwanden en soilmixwanden.
  3. Verticale beschoeiingen,onder schoeiingen en valse putten.
  4. Horizontale doorpersingen van samenstellende elementen van kunstwerken.
  5. Het in de grond persen,onder meer bij middel van een systeem met vijzels van: samenstellende onderdelen voor de bouw van metro’s,tunnels,enz.
  6. Het in de grond persen,onder meer bij middel van een systeem met vijzels van: buiselementen in staal,sideriet-cement,asbest-cement of gewapend beton,dienstig als moerriolen,grote waterleidingen,pipes-lines.
  7. Algemene aannemingen van grondwerken. De complexe opdrachten,omvattend alle werken met het oog op de wijziging van het bodemreliëf,zoals uitgraving-,ophogings- en nivelleringswerken,het uitgraven van de bedding van een weg,van een spoorweg,van bekkens en sleuven,met inbegrip van hydraulische grondwerken.
  8. Borings- en sonderingswerken en injecties. Het boren en sonderen in de grond,zoals put- en proefboringen.
  9. Het uitvoeren van injecties voor het stabiliseren of droogmaken van de grond.
  10. Algemene aannemingen van bouwwerken. De complexe opdrachten omvattend de bouw of vernieuwbouw van gebouwen en bouwwerken allerhande en dit tot en met hun volledige afwerking,ongeacht de materialen die hiervoor worden gebruikt,zoals: openbare en religieuze gebouwen,woonhuizen,scholen,stations,hallen,gevangenissen,kazernes,opslagplaatsen,vismijnen,garages en bergplaatsen,allerhande,industriële gebouwen,fabrieksschoorstenen,administratieve lokalen,bureel-,appartements- en commerciële gebouwen,gebouwen voor sportieve en culturele centra,ziekenhuizen,gebouwen voor wasserij-inrichtingen en crematoria.
  11. Alle ruwbouwwerken en onder kap brengen van gebouwen. Bouwwerken onder meer in metselwerk,in beton of voorgespannen beton,waardoor het skelet van om het even welk bouwwerk of gebouw wordt gerealiseerd en waardoor de stevigheid,de weerstand en de bescherming ervan wordt verzekerd,het onder kap brengen al dan niet inbegrepen.
  12. Deze werken omvatten metsel-,bekistings-,wapenings- en betoneringswerken aan gebouwen,de funderingen,de bouw van muren,het bouwen en plaatsen van geprefabriceerde elementen - werken die onder de naam “ruwbouw” en “onder kap brengen” gekend zijn – evenals de veranderings- of herstellingswerken in metselwerk of beton aan deze gebouwen of bouwwerken.
  13. Worden eveneens bedoeld,de voeg- en dichtingswerken aan diverse gebouwen,bijvoorbeeld door injectie of bij middel van waterdichte mortel.
  14. Algemene aannemingen van burgerlijke bouwkunde. De complexe opdrachten inzake de realisatie van kunstwerken,zoals de structuren van kunstwerken in gewapend of voorgespannen beton,bruggen,viaducten,aquaducten,tunnels voor wegen,metro’s en spoorwegen,metrowerken,watertorens,silo’s en vergaarbakken in beton,steenkoolopslagplaatsen,askuilen,draaischijven,weegbruggen,keermuren in gewapend of voorgespannen beton,de burgerlijke bouwkunde van waterzuiveringsinstallaties,sluizen en dammen gebouwd in droge bedding,betoninjecties,uitzetvoegen voor bruggen.
  15. Moerriolen. De bouw of aanleg van hoofdleidingen uitgevoerd in beton,gewapend beton,asbest-cement,metaal of synthetisch materiaal,waarin vloeistoffen van meerdere leidingen van kleinere doorsnede worden verzameld,die toegankelijk zijn voor het onderhoudspersoneel en waarvan de cirkelvormige,ovale of rechthoekige doorsnede een oppervlakte heeft van minstens 1,2 m².
  16. Alle aannemingen van werken,algemene bouwonderneming eventueel in coördinatie met onderaannemers,met inbegrip van afbraak- en restauratiewerken en monumentenzorg,fabricage,levering,plaatsing,onderhoud en herstelling van diverse structuren en materialen in alle mogelijke constructies. Studie en advies inzake diverse bedrijfsaangelegenheden,inclusief veiligheidscoördinator,nazicht en vervanging van brandstoftanks,afstellen van branders. Deze opsomming is niet beperkend.
  17. Algemene aannemingen van waterbouwkundige werken. De complexe opdrachten omvattend allerlei werken die dienen te worden uitgevoerd in zee,aan de waterwegen,onder water of achter een keerdam in rechtstreeks contact met het water,zoals: sluizen,sifons,rivierdammen,overlopen,havenwerken,de bouw van dijken en onderwatertunnels,verzinkingswerken,werken in duikersklokken,de bouw van kademuren,pieren,havenbekkens,droogdokken,overwelvingen van waterlopen,landhoofden en pijlers van bruggen waarbij het water bij middel van keerdammen moet worden tegengehouden,droogleggingswerken,ontwateringswerken.
  18. Ruimen van waterlopen. Het schoonmaken van de bedding van niet bevaarbare waterlopen.
  19. Installaties voor huisvuilverwerking. De complexe opdrachten inzake de realisatie van huisvuilverwerkingsinstallaties omvattend zowel de burgerlijke bouwkunde,de gebouwen als de uitrustingen.
  20. Installaties voor waterzuivering. De complexe opdrachten omvattende zowel de burgerlijke bouwkunde,de gebouwen als de uitrustingen van installaties voor het zuiveren of drinkbaar maken van water.
  21. Consulting en adviesverlening met betrekking tot operationeel beheer van vennootschappen en ondernemingen,het verlenen van managementbijstand aan en het uitvoeren van managementtaken in vennootschappen en ondernemingen.
  22. Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe technologieën en hun toepassingen met betrekking tot bouw en bouwkunde.
  23. Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,know-how en aanverwante immateriële duurzame activa met betrekking tot bouw en bouwkunde.
  24. Het besturen van vennootschappen,welk voorwerp deze vennootschappen ook mochten hebben.
  25. Het optreden als tussenpersoon in de handel
  26. Het beheer van eigen roerend vermogen,inclusief deelnemingen in ondernemingen en vennootschappen,aandelen,obligaties en andere roerende waarden,dit alles voor eigen rekening.
  27. Het beheer van eigen onroerend vermogen,inclusief aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren van onroerende goederen,dit alles voor eigen rekening.
  28. De onderneming heeft als bijkomend,sociaal geïnspireerd voorwerp dat zij werkzoekenden uit kansengroepen,zeer moeilijk te plaatsen werkzoekenden en laaggeschoolde personen wenst in te schakelen en te integreren in het arbeidsproces en er zorg voor wil dragen dat de werknemers goed begeleid worden in de onderneming.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
DE WAAL SOLID FOUNDATIONS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 27-02-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Ten hoogste zes jaar, 3” (deed in Dutch)

deed of 27-02-2024

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Overdracht is vrij, aandelen” (deed in Dutch)

deed of 27-02-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Friday of May at 11:00

deed of 27-02-2024

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Twee gezamenlijk handelend in en buiten rechte, bestuurders jegens derden van rechtswege zonder bevoegdheden benoemde vereffenaar” (deed in Dutch)

deed of 27-02-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Rechten van de aandelen-stemrecht, gelijk stemrecht” (deed in Dutch)
Other provision: “Bevoegdheden bestuursorgaan, enige bestuurder of raad van bestuur” (deed in Dutch)
Other provision: “Elk alleen of als college, binnen grenzen bestuur en verleende machten” (deed in Dutch)
Other provision: “Corporate Governance Charter zoals van tijd tot tijd gewijzigd, adviserende comités” (deed in Dutch)
Other provision: “Dagen, vertegenwoordiging aandeelhouders” (deed in Dutch)
Other provision: “Voor algemene vergadering per brief of via vennootschapswebsite, stemming op afstand” (deed in Dutch)
Other provision: “Bestemming winst, elk aandeel op dezelfde wijze dividendgerechtigd bij uitkering” (deed in Dutch)
4 more provisions in the deed, see the deed of 27-02-2024

deed of 27-02-2024