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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Waelput Invest from Sint-Niklaas, company number BE0875668884, closed financial year 2025 with a result of € 217,113 after tax. For that financial year Waelput Invest recorded a gross margin of € 524,180 and equity of € 803,451. Compared with financial year 2024, the result moved from € 167,559 to € 217,113. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ 803,451
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 217,113
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 190,571
▲ 33% 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 € 790,951.
People and assets in 2025
1.5
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 88,104
▼ 44% vs 2024
€ 58,700 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.
Debts at end 2025
€ 1.7 million
▲ 94% vs 2024
€ 303,943 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 768,000
▲ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 56,610
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 370,417 | € 403,785 | € 481,506 | € 524,180 | ▲ 9% |
| Profit after taxes | € -19,449 | € 101,891 | € 167,559 | € 217,113 | ▲ 30% |
| Equity | € 316,888 | € 418,778 | € 586,337 | € 803,451 | ▲ 37% |
| Total debts | € 2,735,954 | € 2,792,281 | € 2,495,866 | € 3,579,929 | ▲ 43% |
| Cash | € 65,009 | € 141,840 | € 143,532 | € 190,571 | ▲ 33% |
| Land & buildings | € 1,002,062 | € 963,552 | € 925,043 | € 892,472 | ▼ 4% |
| Retained profit | € 304,388 | € 406,278 | € 573,837 | € 790,951 | ▲ 38% |
| Bank debt | € 1,235,057 | € 1,040,742 | € 859,555 | € 1,665,807 | ▲ 94% |
| Balance sheet total | € 3,052,841 | € 3,211,059 | € 3,082,203 | € 4,383,379 | ▲ 42% |
| Employees (FTE) | 2.1 | 2.1 | 2.6 | 1.5 | ▼ 1.1 |
Key figures of Waelput Invest, 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 Waelput Invest?
What happened at Waelput Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 217,113 (▲ 30% vs 2024). filed late Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 19,449 loss in 2022 to € 217,113 profit in 2025.
Paid € 239,499 in corporate taxes since 2022.
Best year ever: 2025, with € 217,113 profit.
On average € 349,500 of value added per employee in 2025.
Management
Behind Waelput Invest is Bart Waelput. It owns 100% of Apotheek Verschaeve - Bartelen, 99.2% of Driekoningen NV, 50% of 3Pharma and 40% of Farma Bovan itself.
Directors
According to the 2025 annual accounts
Bart Waelput
Director
Also active at: DRIEKONINGEN, Apotheek Waelput, PHARMA SOLUTIONS, FARMA WAELPUT
Establishments
Establishment units
Physical locations of this company
Vijfstraten 209
9100 Sint-Niklaas
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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- WAELPUT Bart Erik(oprichter) 100%
Details
- Company number
- 0875.668.884
- VAT number
- BE 0875.668.884
- Registered office
- Vijfstraten 209, 9100 Sint-Niklaas
- Names & denominations
- Waelput Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 August 2005
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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