Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
56 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LOUIS DE WAELE IMMO from Watermaal-Bosvoorde, company number BE0419245579, closed financial year 2025 with a result of € 3,897 after tax. For that financial year LOUIS DE WAELE IMMO recorded a gross margin of € 450,893 and equity of € 586,463. Compared with financial year 2024, the result moved from € 115,326 to € 3,897. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 21, 2026.
€ 586,463
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,897
▼ 97% vs 2024
Profit after tax over the fiscal year.
€ 182,188
▲ 246% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 24,463.
People and assets in 2025
€ 2,973
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3 million
Loans from banks and other lenders, long and short.
€ 402,193
▲ € 372,351 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -488,977 | € 186,352 | € 321,739 | € 450,893 | ▲ 40% |
| Profit after taxes | € -610,497 | € 96,021 | € 115,326 | € 3,897 | ▼ 97% |
| Equity | € 371,219 | € 467,240 | € 582,566 | € 586,463 | ▲ 1% |
| Total debts | € 7,389,391 | € 6,942,159 | € 7,470,799 | € 9,443,884 | ▲ 26% |
| Cash | € 132,889 | € 149,430 | € 52,718 | € 182,188 | ▲ 246% |
| Retained profit | € -190,781 | € -94,760 | € 20,566 | € 24,463 | ▲ 19% |
| Bank debt | € 3,000,000 | € 3,000,000 | € 3,000,000 | € 3,000,000 | |
| Balance sheet total | € 7,760,610 | € 7,409,399 | € 8,053,365 | € 10,030,348 | ▲ 25% |
| Employees (FTE) | 0.6 | 1 | - | - |
Key figures of LOUIS DE WAELE IMMO, 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 IMMO?
What happened at LOUIS DE WAELE IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric DUTILLEUL stepped down as director. NBB
- RABOT DUTILLEUL CONSTRUCTION stepped down as director. NBB
- STEDICO SRL stepped down as director. NBB
- RPJ Consult 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 € 3,897 (▼ 97% vs 2024). Source: NBB ↗
- Eric DUTILLEUL became a director. NBB
In short
From € 610,497 loss in 2022 to € 3,897 profit in 2025.
Paid € 262 in corporate taxes since 2022.
Best year ever: 2024, with € 115,326 profit.
On average € 186,400 of value added per employee in 2023.
Management
The shares are held by LOUIS DE WAELE SA (100%) and LOUIS DE WAELE CONSTRUCTION SA (0%). It owns 100% of DIANE DEVELOPMENT, 100% of CORNICHE DEVELOPMENT, 100% of CERISAIE DEVELOPMENT, 99.9% of ETTERBEEK 64-66, 99% of IMMO SCHLUMBERGER and 33.3% of LIONCITY DEVELOPMENT itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Director · represented by Frédéric STERNHEIM
Owns 0% via LOUIS DE WAELE CONSTRUCTION SA · Owns 100% via LOUIS DE WAELE SA
Also active at: LOUIS DE WAELE CONSTRUCTION, LOUIS DE WAELE
since 2025 · until 2031
Director · represented by S. (Acting for STEDICO) DIELEMAN
Also active at: ENTREPRISES SIMONIS, LOUIS DE WAELE CONSTRUCTION, LOUIS DE WAELE, Immo Schlumberger, Diane Development, Tisserands Development, CORNICHE DEVELOPMENT, CERISAIE DEVELOPMENT +1 more
since 2025 · until 2031
Managing director · represented by Renaud JACQUET
Also active at: Immo Schlumberger, Diane Development, Tisserands Development, CORNICHE DEVELOPMENT, CERISAIE DEVELOPMENT, ETTERBEEK 64-66, PROMODEC & CO
since 2025 · until 2031
since 2025 · until 2031
Chairman of the board · represented by François DUTILLEUL
Also active at: LOUIS DE WAELE CONSTRUCTION, LOUIS DE WAELE
since 2025 · until 2031
Shareholders
LOUIS DE WAELE SA · holding of RABOT DUTILLEUL CONSTRUCTION
100%
LOUIS DE WAELE CONSTRUCTION SA · holding of RABOT DUTILLEUL CONSTRUCTION
0%
Participations
100%
100%
100%
99.9%
33.3%
25%
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 185
1170 Watermaal-Bosvoorde
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
LOUIS DE WAELE CONSTRUCTION same network
€ 128.5 million revenue · 2025
IMMO 177
€ -242 gross margin · 2025
Gould Instruments Systems-Europe
+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
- 0419.245.579
- VAT number
- BE 0419.245.579
- Registered office
- Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde
- Names & denominations
- LOUIS DE WAELE IMMO · LDW IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 1979
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen