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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ets Wathelet from Sambreville, company number BE0402580583, closed financial year 2025 with a result of € -44,948 after tax. For that financial year Ets Wathelet recorded a gross margin of € 93,258 and equity of € 174,149. Compared with financial year 2024, the result moved from € -65,016 to € -44,948. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 174,149
▼ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -44,948
▲ 31 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,198
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 155,557.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 99,662
▲ 1% vs 2024
€ 49,800 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
€ 169,354
▼ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 183,393
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 41,108
▲ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 172,192 | € 156,959 | € 61,667 | € 93,258 | ▲ 51% |
| Profit after taxes | € 25,935 | € -4,855 | € -65,016 | € -44,948 | ▲ € 20,068 |
| Equity | € 288,968 | € 284,113 | € 219,097 | € 174,149 | ▼ 21% |
| Total debts | € 441,900 | € 432,103 | € 489,140 | € 499,742 | ▲ 2% |
| Cash | € 9,905 | € 4,545 | € 3,535 | € 1,198 | ▼ 66% |
| Land & buildings | € 90,362 | € 87,362 | € 87,362 | € 87,362 | |
| Retained profit | € 270,376 | € 265,521 | € 200,505 | € 155,557 | ▼ 22% |
| Bank debt | € 157,506 | € 169,122 | € 171,992 | € 169,354 | ▼ 2% |
| Balance sheet total | € 730,868 | € 716,215 | € 708,237 | € 673,890 | ▼ 5% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of Ets Wathelet, 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 Ets Wathelet?
What happened at Ets Wathelet in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 44,948. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Sambreville. KBO
In short
From € 25,935 profit in 2022 to € 44,948 loss in 2025.
Paid € 25,599 in corporate taxes since 2022.
Best year ever: 2022, with € 25,935 profit.
On average € 46,600 of value added per employee in 2025.
Management
Behind Ets Wathelet are Michel DE SCHEERDER and Fabien DUVIVIER.
Directors
According to the 2025 annual accounts
Michel DE SCHEERDER
Director
Fabien DUVIVIER
Director
Establishments
Establishment units
Physical locations of this company
Rue du Wainage(KEU) 92
5060 Sambreville
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.580.583
- VAT number
- BE 0402.580.583
- Registered office
- Rue du Wainage(KEU) 92, 5060 Sambreville
- Names & denominations
- Ets Wathelet
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 30 Sept 2025
- Activities · NACE
Groothandel in hout