Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.6 to 7.8.
Financials
Financial year 2025
WALLS & HEART from Antwerpen, company number BE0448997063, closed financial year 2025 with a result of € 338,762 after tax. For that financial year WALLS & HEART recorded a gross margin of € 1.1 million and equity of € 942,893. Compared with financial year 2024, the result moved from € 214,281 to € 338,762. Profitable, and profit is growing. 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 25, 2026.
€ 942,893
▲ 52% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 338,762
▲ 58% vs 2024
Profit after tax over the fiscal year.
€ 107,240
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15,000 paid out
4 % of the profit went to the shareholders, mostly to BALTIMMORE (100 % of the shares). That is where the money ends up.
People and assets in 2025
7.8
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 525,881
▲ 17% vs 2024
€ 67,400 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.
€ 54,823
▲ 66% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20,082
▼ 50% vs 2024
Loans from banks and other lenders, long and short.
€ 204,295
▲ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,137
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 884,241 | € 914,519 | € 800,557 | € 1,062,047 | ▲ 33% |
| Profit after taxes | € 208,907 | € 210,554 | € 214,281 | € 338,762 | ▲ 58% |
| Equity | € 814,295 | € 1,014,849 | € 619,130 | € 942,893 | ▲ 52% |
| Total debts | € 409,940 | € 274,885 | € 481,842 | € 324,556 | ▼ 33% |
| Cash | € 239,115 | € 218,896 | € 217,872 | € 107,240 | ▼ 51% |
| Retained profit | € 621,045 | € 821,599 | € 425,880 | € 749,643 | ▲ 76% |
| Dividend | € 10,000 | € 10,000 | € 610,000 | € 15,000 | ▼ 98% |
| Bank debt | € 88,982 | € 63,184 | € 39,795 | € 20,082 | ▼ 50% |
| Balance sheet total | € 1,224,235 | € 1,289,735 | € 1,100,972 | € 1,267,448 | ▲ 15% |
| Employees (FTE) | 10.9 | 9.6 | 8 | 7.8 | ▼ 0.2 |
Key figures of WALLS & HEART, 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 WALLS & HEART?
What happened at WALLS & HEART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 338,762 (▲ 58% vs 2024). Source: NBB ↗
- BALTIMMORE BV became a director. NBB
- New establishment in Antwerpen. KBO
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 208,907 profit in 2022 to € 338,762 profit in 2025.
Paid € 374,256 in corporate taxes since 2022.
Best year ever: 2025, with € 338,762 profit.
On average € 136,200 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BALTIMMORE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WALLS & HEARTBehind WALLS & HEART is BALTIMMORE BV. The shares are held by BALTIMMORE (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Wout Jacobs
since 2017
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Goedehoopstraat 21 box 1
2000 Antwerpen
Frederik van Eedenplein 8
2050 Antwerpen
Active since 1 October 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0448.997.063
- VAT number
- BE 0448.997.063
- Registered office
- Goedehoopstraat 21 bus 1, 2000 Antwerpen
- Names & denominations
- WALLS & HEART · WALLS VASTGOEDMAKELAARS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1992
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- walls.be +32 233 33 00
- Activities · NACE
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Overige bemiddeling in en beheer van onroerend goed voor een vast bedrag of op contractbasis, neg