Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DE WAAL from Kapellen, company number BE0440333280, closed financial year 2025 with a result of € 61,978 after tax. For that financial year DE WAAL recorded a gross margin of € 341,918 and equity of € 5.3 million. Compared with financial year 2024, the result moved from € 174,741 to € 61,978. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2026.
€ 5.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 61,978
▼ 65% vs 2024
Profit after tax over the fiscal year.
€ 442,243
▼ 17% 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 € 5.2 million.
Debts at end 2025
€ 1.1 million
▼ 10% vs 2024
€ 123,271 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 16,604
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,781
▲ 279% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 359,045 | € 366,031 | € 532,870 | € 341,918 | ▼ 36% |
| Profit after taxes | € 47,906 | € 49,679 | € 174,741 | € 61,978 | ▼ 65% |
| Equity | € 4,983,387 | € 5,033,067 | € 5,207,808 | € 5,269,886 | ▲ 1% |
| Total debts | € 3,365,447 | € 3,047,610 | € 2,333,831 | € 2,064,700 | ▼ 12% |
| Cash | € 46,992 | € 79,932 | € 533,576 | € 442,243 | ▼ 17% |
| Land & buildings | € 7,895,648 | € 7,810,080 | € 6,815,044 | € 6,719,484 | ▼ 1% |
| Retained profit | € 4,884,330 | € 4,934,009 | € 5,108,750 | € 5,170,729 | ▲ 1% |
| Bank debt | € 2,086,048 | € 1,846,303 | € 1,201,923 | € 1,081,552 | ▼ 10% |
| Balance sheet total | € 8,348,834 | € 8,080,677 | € 7,541,639 | € 7,334,586 | ▼ 3% |
Key figures of DE WAAL, 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 DE WAAL?
What happened at DE WAAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thomas de Waal stepped down as director. NBB
- Bert Josephina de Waal stepped down as director. NBB
- Paul de Waal stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 61,978 (▼ 65% vs 2024). Source: NBB ↗
- Thomas de Waal became a director. NBB
- Bert Josephina de Waal became a director. NBB
- Paul de Waal became a director. NBB
- New establishment in Kapellen. KBO
In short
From € 47,906 profit in 2022 to € 61,978 profit in 2025.
Paid € 122,127 in corporate taxes since 2022.
Best year ever: 2024, with € 174,741 profit.
Management
Establishments
Establishment units
Physical locations of this company
Starrenhoflaan 7 box A
2950 Kapellen
Starrenhoflaan 7 A
2950 Kapellen
Active since 6 January 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0440.333.280
- VAT number
- BE 0440.333.280
- Registered office
- Starrenhoflaan 7 bus A, 2950 Kapellen
- Names & denominations
- DE WAAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 1990
- Peppol
- Active · Active since 15 Oct 2026
- Activities · NACE
Schilderen van gebouwen
Schilderen