Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WALTH from Hasselt, company number BE0404645594, closed financial year 2025 with a result of € -641,296 after tax. For that financial year WALTH recorded revenue of € 2.5 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € -1.6 million to € -641,296. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 4.1 million
▲ € 3.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -641,296
▲ 60 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.9 million.
People and assets in 2025
13.1
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 832,443
▼ 8% vs 2024
€ 63,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10,464
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 439,504
▼ 16% vs 2024
€ 83,712 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 157,121
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.
€ 128,182
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,438,424 | € 1,250,351 | € 1,830,634 | € 2,452,022 | ▲ 34% |
| Profit after taxes | € -4,866 | € -847,062 | € -1,595,422 | € -641,296 | ▲ € 954,126 |
| Equity | € 3,216,957 | € 2,369,894 | € 774,472 | € 4,133,176 | ▲ € 3.4 million |
| Total debts | € 3,441,713 | € 6,820,009 | € 7,820,063 | € 11,406,302 | ▲ 46% |
| Cash | € 1,300 | € 5,734 | € 26,100 | - | |
| Retained profit | € 216,957 | € -630,106 | € -2,225,528 | € -2,866,824 | ▼ € 641,296 |
| Bank debt | € 0 | € 524,287 | € 523,216 | € 439,504 | ▼ 16% |
| Balance sheet total | € 6,658,669 | € 9,189,903 | € 8,594,535 | € 15,539,477 | ▲ 81% |
| Employees (FTE) | 5.6 | 12.3 | 14.3 | 13.1 | ▼ 1.2 |
Key figures of WALTH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WALTH?
What happened at WALTH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 641,296. Source: NBB ↗
- New establishment in Genk. KBO
- GROEP TOM HEEREN became a director. NBB
- Stijn Heeren became a director. NBB
- Greet Vandersmissen became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Bree. KBO
In short
From € 4,866 loss in 2022 to € 641,296 loss in 2025.
Paid € 6,677 in corporate taxes since 2022.
Pays suppliers within 31 days on average.
Management
The stake of Groep Tom Heeren comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WALTHBehind WALTH are GROEP TOM HEEREN, Stijn Heeren and Greet Vandersmissen . The shares are held by Groep Tom Heeren (100%). It owns 100% of Romulus & Remus Projects, 100% of W Group III, 100% of W Group I and 100% of W Group II itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Tom Heeren
Also active at: W GROUP I, THE SELFMADE COMPANY, GROEP BMV, GROEP ANTWERPSE BOUWMARKTEN, W GROUP II, GROEP LIMBURGSE BOUWMARKTEN, ADDIS, D.H.Z. +6 more
since 2020
Stijn Heeren
Director
Also active at: BATIM, LIP-A, LIP-B, LIP-D, LIP-C, TUAKA, LIP-E, LIP-F +1 more
since 2020
Greet Vandersmissen
Director
since 2020
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Genkersteenweg 195 box 1.01
3500 Hasselt
Peerderbaan 96
3960 Bree
Active since 1 April 1936
Gieterijstraat 92
3600 Genk
Active since 1 December 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →Bastijns Gebroeders Algemene Bouwonderneming
€ -54,291 gross margin · 2025
GROEP M
€ -29,633 gross margin · 2025
BATIM same network
€ 597,036 revenue · 2025
NEAN
€ 4,794 gross margin · 2025
JUNIM - HANDELMAATSCHAPPIJ
€ 124,908 revenue · 2025
+13 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0404.645.594
- VAT number
- BE 0404.645.594
- Registered office
- Genkersteenweg 195 bus 1.01, 3500 Hasselt
- Names & denominations
- WALTH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 April 1936
- Peppol
- Active · Active since 20 Dec 2025
- Contact
- walth.be +3211212219
- Activities · NACE
Groothandel in hout