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 20 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.5 to 2.1.
Financials
Financial year 2025
WALTER MULDERS from Scherpenheuvel-Zichem, company number BE0450008536, closed financial year 2025 with a result of € 71,339 after tax. For that financial year WALTER MULDERS recorded a gross margin of € 253,306 and equity of € 792,017. Compared with financial year 2024, the result moved from € 103,662 to € 71,339. 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 January 24, 2026.
€ 792,017
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 71,339
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 54,717
▼ 26% 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 € 717,017.
People and assets in 2025
2.1
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 98,589
▼ 5% vs 2024
€ 46,900 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.
€ 15,884
▲ € 13,728 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 358,780
▼ 6% vs 2024
€ 21,436 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 73,617
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,943
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 315,789 | € 230,957 | € 342,296 | € 253,306 | ▼ 26% |
| Profit after taxes | € 100,963 | € 60,693 | € 103,662 | € 71,339 | ▼ 31% |
| Equity | € 556,324 | € 617,017 | € 720,678 | € 792,017 | ▲ 10% |
| Total debts | € 717,629 | € 724,597 | € 770,674 | € 663,001 | ▼ 14% |
| Cash | € 61,349 | € 58,934 | € 73,873 | € 54,717 | ▼ 26% |
| Land & buildings | € 470,848 | € 454,105 | € 663,558 | € 654,866 | ▼ 1% |
| Retained profit | € 481,324 | € 542,017 | € 645,678 | € 717,017 | ▲ 11% |
| Bank debt | € 581,840 | € 546,634 | € 379,703 | € 358,780 | ▼ 6% |
| Balance sheet total | € 1,273,952 | € 1,341,613 | € 1,541,032 | € 1,504,698 | ▼ 2% |
| Employees (FTE) | 2.4 | 2.5 | 2.2 | 2.1 | ▼ 0.1 |
Key figures of WALTER MULDERS, 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 January 2027.
What happened to WALTER MULDERS?
What happened at WALTER MULDERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bart Mulders stepped down as director. NBB
- Sam Mulders stepped down as director. NBB
- Linda Janse stepped down as director. NBB
- Jef Mulders stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 71,339 (▼ 31% vs 2024). Source: NBB ↗
- Bart Mulders became a director. NBB
- Sam Mulders became a director. NBB
- Linda Janse became a director. NBB
In short
From € 100,963 profit in 2022 to € 71,339 profit in 2025.
Paid € 103,411 in corporate taxes since 2022.
Best year ever: 2024, with € 103,662 profit.
On average € 120,600 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Bart Mulders
Managing director
since 2022 · until 2028
Sam Mulders
Director
since 2022 · until 2028
Linda Janse
Managing director
since 2022 · until 2028
Jef Mulders
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Westelsebaan 136
3271 Scherpenheuvel-Zichem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.008.536
- VAT number
- BE 0450.008.536
- Registered office
- Westelsebaan 136, 3271 Scherpenheuvel-Zichem
- Names & denominations
- WALTER MULDERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 1993
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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