Financials · financial year 2025, full format
Annual accounts 2025 filed on 12-06-2026 PDF all 27 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 121% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
- 2021 Net result +261% on 2020. The previous financial year ran 15 months, this one 12.
Comparable companies
These companies have the same main activity as WALDING: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €13m and €26m, founded between 1993 and 2004.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| WALDING Beveren-Kruibeke-Zwijndrecht | 1999 | €23.6m | €23.1m | €1.6m | €0.4m | 11.8 | 2025 |
| J.V.D. Gent | 2001 | €25.4m | €12.4m | €1.3m | -€0.9m | 11.2 | 2025 |
| Verbeken Holding Dendermonde | 1993 | €23.8m | €18.7m | €2.1m | €0.3m | 10.1 | 2025 |
| VANDEN BROELE INVEST Brugge | 2002 | €26.2m | €18.2m | €1.3m | €1.8m | 9.4 | 2025 |
| Belgian Cycling Group Meerhout | 2000 | €13.0m | €6.0m | €2.0m | €0.3m | 10.3 | 2025 |
| STEDI Roeselare | 2004 | €22.9m | €14.5m | €2.5m | -€0.5m | 11.7 | 2025 |
| G. Snel Services Belgium Deinze | 1997 | €13.6m | €2.5m | €1.8m | -€0.4m | 7.7 | 2025 |
They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €0.9m | €1.2m | €1.2m | €1.2m | €1.6m | ▲ 36.5% |
| Turnover70 | €1.0m | €1.1m | €0.9m | €1.1m | €1.1m | €1.1m | €1.6m | ▲ 44.1% |
| Other operating income74 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 45.3% |
| Non-recurring operating income76A | - | - | - | €0.06m | €0.1m | €0.06m | - | - |
| Operating charges60/66A | - | - | €0.6m | €0.7m | €0.9m | €1.0m | €1.2m | ▲ 21.1% |
| Purchases600/8 | - | - | €0.003m | €0.008m | €0.005m | €0.004m | €0.009m | ▲ 142% |
| Change in stocks: decrease (increase)609 | - | - | -€0.003m | -€0.008m | -€0.005m | -€0.004m | -€0.009m | ▼ 142% |
| Services and other goods61 | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 5.2% |
| Remuneration, social security and pensions62 | - | - | €0.3m | €0.4m | €0.5m | €0.6m | €0.8m | ▲ 31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.1m | €0.09m | €0.09m | €0.09m | €0.08m | €0.07m | ▼ 2.3% |
| Other operating charges640/8 | - | - | €0.01m | €0.007m | €0.01m | €0.007m | €0.006m | ▼ 11.0% |
| Operating profit (loss)9901 | €0.7m | €0.4m | €0.3m | €0.5m | €0.3m | €0.2m | €0.4m | ▲ 121% |
| Financial income75/76B | - | - | €1.5m | €3.1m | €0.1m | €1.2m | €0.2m | ▼ 84.9% |
| Recurring financial income75 | €0.002m | €0.1m | €0.01m | €3.1m | €0.1m | €1.2m | €0.2m | ▼ 84.9% |
| Income from financial fixed assets750 | - | - | - | €3.0m | €0 | €1.0m | - | - |
| Income from current assets751 | - | - | €0.01m | €0.06m | €0.1m | €0.1m | €0.2m | ▲ 20.1% |
| Other financial income752/9 | - | - | €2 | €4 | €77 | €0 | €0 | ▼ 80.0% |
| Non-recurring financial income76B | - | - | €1.5m | - | - | - | - | - |
| Financial charges65/66B | - | - | €0.3m | €0.03m | €0.09m | €0.1m | €0.04m | ▼ 63.3% |
| Recurring financial charges65 | €0.05m | €0.07m | €0.3m | €0.03m | €0.09m | €0.1m | €0.04m | ▼ 63.3% |
| Debt charges650 | €0.05m | €0.06m | €0.02m | €0.03m | €0.09m | €0.1m | €0.03m | ▼ 66.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | €0.3m | -€225 | -€273 | €228 | - | - |
| Other financial charges652/9 | - | - | €0.001m | €0.003m | €0.002m | €0.003m | €0.004m | ▲ 69.3% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.4m | €1.5m | €3.5m | €0.3m | €1.3m | €0.5m | ▼ 57.1% |
| Transfer from deferred taxes780 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Income taxes67/77 | €0.002m | -€247 | €0.005m | €0.1m | €0.09m | €0.06m | €0.2m | ▲ 152% |
| Taxes670/3 | - | - | €0.005m | €0.1m | €0.09m | €0.06m | €0.2m | ▲ 152% |
| Profit (loss) for the period9904 | €0.6m | €0.4m | €1.5m | €3.4m | €0.2m | €1.2m | €0.4m | ▼ 67.6% |
| Transfer from tax-exempt reserves789 | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Transfer to tax-exempt reserves689 | - | - | - | €0.2m | - | - | €0.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €0.4m | €1.5m | €3.1m | €0.2m | €1.2m | €0.2m | ▼ 81.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €19.9m | €19.5m | €19.0m | €23.5m | €23.7m | €24.8m | €23.6m | ▼ 4.9% |
| Fixed assets21/28 | €16.0m | €16.0m | €14.1m | €13.9m | €14.8m | €14.6m | €14.6m | ▼ 0.2% |
| Intangible fixed assets21 | €0.008m | €0.005m | €0.003m | €0.001m | €0.03m | €0.04m | €0.04m | ▼ 8.4% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.3m | €1.1m | €1.0m | €0.8m | €0.8m | ▼ 2.4% |
| Land and buildings22 | - | - | €1.2m | €1.1m | €1.0m | €0.8m | €0.8m | ▼ 3.3% |
| Furniture and vehicles24 | - | - | €0.03m | €0.03m | €0.02m | €0.02m | €0.03m | ▲ 29.9% |
| Financial fixed assets28 | €14.6m | €14.6m | €12.8m | €12.8m | €13.7m | €13.7m | €13.7m | = |
| Affiliated companies280/1 | - | - | €12.8m | €12.8m | €13.7m | €13.7m | €13.7m | = |
| Participating interests280 | - | - | €12.8m | €12.8m | €13.7m | €13.7m | €13.7m | = |
| Current assets29/58 | €3.9m | €3.6m | €4.9m | €9.5m | €8.9m | €10.2m | €9.0m | ▼ 11.8% |
| Amounts receivable after more than one year29 | - | - | €1.6m | €6.3m | €5.6m | €6.8m | €5.6m | ▼ 17.5% |
| Other amounts receivable291 | - | - | €1.6m | €6.3m | €5.6m | €6.8m | €5.6m | ▼ 17.5% |
| Stocks and contracts in progress3 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | €3.1m | €3.1m | ▲ 0.3% |
| Stocks30/36 | - | - | €3.0m | €3.0m | €3.0m | €3.1m | €3.1m | ▲ 0.3% |
| Property held for sale35 | - | - | €3.0m | €3.0m | €3.0m | €3.1m | €3.1m | ▲ 0.3% |
| Amounts receivable within one year40/41 | €0.2m | €0.07m | €0.09m | €0.09m | €0.3m | €0.2m | €0.2m | ▼ 3.5% |
| Trade receivables40 | - | - | €0.08m | €0.07m | €0.2m | €0.2m | €0.2m | ▼ 4.3% |
| Other amounts receivable41 | - | - | €0.008m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 10.3% |
| Current investments50/53 | €0.4m | €0.3m | €0.001m | €0.001m | €0.002m | €0.001m | €0.001m | = |
| Other investments51/53 | - | - | €0.001m | €0.001m | €0.002m | €0.001m | €0.001m | = |
| Cash at bank and in hand54/58 | €0.01m | €0.1m | €0.2m | €0.1m | €0.02m | €0.06m | €0.07m | ▲ 16.1% |
| Deferred charges and accrued income490/1 | - | - | €0.008m | €0.002m | €0.002m | €0.04m | €0.01m | ▼ 69.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €19.9m | €19.5m | €19.0m | €23.5m | €23.7m | €24.8m | €23.6m | ▼ 4.9% |
| Equity10/15 | €16.1m | €16.5m | €18.0m | €21.3m | €21.5m | €22.8m | €23.1m | ▲ 1.7% |
| Contributions10/11 | €10.8m | €10.8m | €10.8m | €10.8m | €10.8m | €10.8m | €10.8m | = |
| Capital10 | - | - | €10.8m | €10.8m | €10.8m | €10.8m | €10.8m | = |
| Issued capital100 | - | - | €10.8m | €10.8m | €10.8m | €10.8m | €10.8m | = |
| Reserves13 | €2.0m | €2.0m | €2.1m | €2.5m | €2.5m | €2.6m | €2.7m | ▲ 6.9% |
| Non-distributable reserves130/1 | - | - | €0.6m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 1.3% |
| Legal reserve130 | - | - | €0.6m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 1.3% |
| Tax-exempt reserves132 | - | - | €0.06m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 59.1% |
| Distributable reserves133 | - | - | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Profit (loss) carried forward14 | €3.3m | €3.7m | €5.1m | €8.1m | €8.3m | €9.4m | €9.6m | ▲ 2.3% |
| Provisions and deferred taxes16 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 5.3% |
| Deferred taxes168 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 5.3% |
| Amounts payable17/49 | €3.8m | €3.0m | €1.0m | €2.1m | €2.1m | €2.0m | €0.4m | ▼ 79.7% |
| Amounts payable after more than one year17 | €3.4m | €2.7m | €0.8m | €1.8m | €1.8m | €1.5m | - | - |
| Financial debts170/4 | - | - | €0.8m | €1.8m | €1.8m | €1.5m | - | - |
| Credit institutions173 | - | - | €0.2m | €1.8m | €1.8m | €1.5m | - | - |
| Other loans174 | - | - | €0.6m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 12.7% |
| Current portion of amounts payable after more than one year42 | - | - | €0.04m | €0.04m | €0.04m | €0.2m | €0.03m | ▼ 84.9% |
| Financial debts43 | - | - | - | - | €0.007m | €0.02m | €0.03m | ▲ 71.4% |
| Credit institutions430/8 | - | - | - | - | €0.007m | €0.02m | €0.03m | ▲ 71.4% |
| Trade debts44 | €0.03m | €0.03m | €0.03m | €0.02m | €0.06m | €0.03m | €0.04m | ▲ 45.9% |
| Suppliers440/4 | - | - | €0.03m | €0.02m | €0.06m | €0.03m | €0.04m | ▲ 45.9% |
| Taxes, remuneration and social security45 | - | - | €0.09m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 26.0% |
| Taxes450/3 | - | - | €0.05m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 20.2% |
| Remuneration and social security454/9 | - | - | €0.04m | €0.07m | €0.09m | €0.1m | €0.1m | ▲ 33.3% |
| Other amounts payable47/48 | - | - | €0.01m | €0.06m | €0.01m | €0.002m | €0.04m | ▲ 26× |
| Accrued charges and deferred income492/3 | - | - | €0.001m | €0.02m | €0.05m | €0.01m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €0.4m | €1.5m | €3.4m | €0.2m | €1.2m | €0.4m | ▼ 67.6% |
| + Depreciation and write-downs630 | €0.08m | €0.1m | €0.09m | €0.09m | €0.09m | €0.08m | €0.07m | ▼ 2.3% |
| Operating cash flow (approximation) | €0.7m | €0.5m | €1.6m | €3.5m | €0.3m | €1.3m | €0.5m | ▼ 63.7% |
| Investment in fixed assets (approximation) | - | -€0.01m | €1.8m | €0.04m | -€0.9m | €0.07m | -€0.05m | - |
| Change in cash | - | €0.1m | €0.06m | -€0.1m | -€0.08m | €0.04m | €0.009m | ▼ 78.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 12-06-2026 | 2026-00156986 | |
| 31-12-2024 | full format | 04-08-2025 | 2025-00356096 | |
| 31-12-2023 | full format | 31-08-2024 | 2024-00442891 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00397583 | |
| 31-12-2021 | full format | 30-06-2022 | 2022-20125190 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-29600071 | |
| 30-09-2019 | full format | 10-04-2020 | 2020-09200319 | |
| 30-09-2018 | full format | 15-03-2019 | 2019-07400139 | |
| 30-09-2017 | full format | 14-03-2018 | 2018-06800172 | |
| 30-09-2016 | full format | 17-03-2017 | 2017-06900401 |