Financials
Financial year 2025
WEP from Koekelberg, company number BE0435130419, closed financial year 2025 with a result of € 120,248 after tax. For that financial year WEP recorded revenue of € 11.5 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 591,397 to € 120,248. 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 April 8, 2026.
€ 1.1 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 120,248
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 556,563
▼ 25% 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 € 1 million.
People and assets in 2025
32.6
▲ 4.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 9% vs 2024
€ 50,400 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.
€ 34,198
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4,770
▼ 57% vs 2024
€ 3,566 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 981,000
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 258,679
▼ 19% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,221,038 | € 12,485,973 | € 11,018,951 | € 11,500,998 | ▲ 4% |
| Profit after taxes | € 845,299 | € 516,127 | € 591,397 | € 120,248 | ▼ 80% |
| Equity | € 1,229,781 | € 1,235,908 | € 955,305 | € 1,075,553 | ▲ 13% |
| Total debts | € 6,384,671 | € 5,068,550 | € 5,528,361 | € 6,060,350 | ▲ 10% |
| Cash | € 1,382,569 | € 297,482 | € 742,291 | € 556,563 | ▼ 25% |
| Retained profit | € 1,167,781 | € 1,173,908 | € 893,305 | € 1,013,553 | ▲ 13% |
| Dividend | € 600,000 | € 510,000 | € 872,000 | € 0 | ▼ 100% |
| Bank debt | € 39,643 | € 25,116 | € 11,082 | € 4,770 | ▼ 57% |
| Balance sheet total | € 7,662,814 | € 6,341,266 | € 6,520,475 | € 7,172,712 | ▲ 10% |
| Employees (FTE) | 24.7 | 25.3 | 28.4 | 32.6 | ▲ 4.2 |
Key figures of WEP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to WEP?
What happened at WEP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 120,248 (▼ 80% vs 2024). Source: NBB ↗
- EATYS SRL became a director. NBB
- Lorenzo AGATI became a director. NBB
- New establishment in Koekelberg. KBO
- Start of the company according to the CBE. KBO
In short
From € 845,299 profit in 2022 to € 120,248 profit in 2025.
Paid € 746,966 in corporate taxes since 2022.
Best year ever: 2022, with € 845,299 profit.
Paid out € 2 million in dividends to the owners in total.
Management
Behind WEP are Discovery Holding SRL, EATYS SRL and Lorenzo AGATI. The shares are held by WEP INTERNATIONAL (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Thibaut HARDELAY
Owns 100% via WEP INTERNATIONAL
Also active at: WEP INTERNATIONAL
Director · represented by Alain MABOGE
since 2022
since 2022
Shareholders
WEP INTERNATIONAL · holding of Discovery Holding SRL
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Jetselaan 26
1081 Koekelberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
NETSYST NETSYST, FR
DNS
Cloudflare DNS
Domain
Domain
wep.org
Registered
2003-12-03
Registrar
GoDaddy.com, LLC
Expires
2027-12-03
Website info
Features
Security
Network
Details
- Company number
- 0435.130.419
- VAT number
- BE 0435.130.419
- Registered office
- Jetselaan 26, 1081 Koekelberg
- Names & denominations
- WEP · W.E.P.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 1988
- Peppol
- Active · Active since 5 Dec 2025
- Contact
- wep.org
- Activities · NACE
Reisbureaus
Activiteiten van reisbureaus