Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
56 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LOUIS DE WAELE CONSTRUCTION from Watermaal-Bosvoorde, company number BE0405829588, closed financial year 2025 with a result of € 937,782 after tax. For that financial year LOUIS DE WAELE CONSTRUCTION recorded revenue of € 128.5 million and equity of € 10.4 million. Compared with financial year 2024, the result moved from € 1.7 million to € 937,782. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.
€ 10.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 937,782
▼ 46% vs 2024
Profit after tax over the fiscal year.
€ 10.5 million
▲ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 887,000 paid out
95 % of the profit went to the shareholders, mostly to LOUIS DE WAELE SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
217
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 17.9 million
€ 82,500 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.
€ 566,411
▲ 25% vs 2024
Of which on lease € 394,029.
Debts at end 2025
€ 3.7 million
▲ € 2.8 million vs 2024
€ 206,642 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 34.1 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 113 days on average.
€ 2 million
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 109,672,622 | € 126,340,653 | € 139,870,508 | € 128,485,798 | ▼ 8% |
| Profit after taxes | € 2,828,652 | € 2,085,263 | € 1,722,470 | € 937,782 | ▼ 46% |
| Equity | € 10,324,548 | € 10,322,048 | € 10,322,048 | € 10,370,330 | |
| Total debts | € 33,366,746 | € 35,391,281 | € 37,637,695 | € 41,018,302 | ▲ 9% |
| Cash | € 6,234,911 | € 11,300,054 | € 9,008,843 | € 10,481,315 | ▲ 16% |
| Land & buildings | - | € 417,364 | € 1,570,659 | € 2,106,259 | ▲ 34% |
| Retained profit | € 3,091,853 | € 3,089,353 | € 3,089,353 | € 3,137,635 | ▲ 2% |
| Dividend | € 2,826,152 | € 2,085,263 | € 1,719,970 | € 887,000 | ▼ 48% |
| Bank debt | € 1,042,262 | € 553,190 | € 852,737 | € 3,701,575 | ▲ € 2.8 million |
| Balance sheet total | € 44,930,932 | € 48,350,858 | € 49,077,090 | € 51,832,132 | ▲ 6% |
| Employees (FTE) | 209.8 | 215.6 | 217.7 | 217 | ▼ 0.7 |
Key figures of LOUIS DE WAELE CONSTRUCTION, 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 LOUIS DE WAELE CONSTRUCTION?
What happened at LOUIS DE WAELE CONSTRUCTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric DUTILLEUL stepped down as director. NBB
- Martin BILLIET stepped down as director. NBB
- RABOT DUTILLEUL CONSTRUCTION stepped down as director. NBB
- STEDICO SRL stepped down as director. NBB
- Pierre CRAYE stepped down as director. NBB
- RABOT DUTILLEUL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 937,782 (▼ 46% vs 2024). Source: NBB ↗
- Eric DUTILLEUL became a director. NBB
In short
From € 2.8 million profit in 2022 to € 937,782 profit in 2025.
Paid € 3.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.8 million profit.
Paid out € 7.5 million in dividends to the owners in total.
Management
The shares are held by LOUIS DE WAELE SA (100%) and RABOT DUTILLEUL CONSTRUCTION S. Etr. (0%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2031
Chairman of the board · represented by Frédéric STERNHEIM
Owns 100% via LOUIS DE WAELE SA
Also active at: LOUIS DE WAELE IMMO, LOUIS DE WAELE
since 2025 · until 2031
Managing director · represented by S. (Acting for STEDICO) DIELEMAN
Also active at: ENTREPRISES SIMONIS, LOUIS DE WAELE IMMO, LOUIS DE WAELE, Immo Schlumberger, Diane Development, Tisserands Development, CORNICHE DEVELOPMENT, CERISAIE DEVELOPMENT +1 more
since 2025 · until 2031
since 2025 · until 2031
Director · represented by François DUTILLEUL
Also active at: LOUIS DE WAELE IMMO, LOUIS DE WAELE
since 2025 · until 2031
Shareholders
LOUIS DE WAELE SA · holding of RABOT DUTILLEUL CONSTRUCTION
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 185
1170 Watermaal-Bosvoorde
Rittwegerlaan 56
1830 Machelen (Brab.)
Active since 9 December 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 56 companies are registered at this address.
All companies at this address →ENTREPRISES SIMONIS same network
€ 12.9 million revenue · 2025
BRISTOL - MYERS SQUIBB BELGIUM
IMMO 177
€ -242 gross margin · 2025
Gould Instruments Systems-Europe
LOUIS DE WAELE IMMO same network
€ 450,893 gross margin · 2025
+51 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.829.588
- VAT number
- BE 0405.829.588
- Registered office
- Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde
- Names & denominations
- LOUIS DE WAELE CONSTRUCTION · LDW ou LDW Construction
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Algemene bouw van andere niet-residentiële gebouwen
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen