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
IG Watteeuw International from Oostkamp, company number BE0405155934, closed financial year 2025 with a result of € 1.8 million after tax. For that financial year IG Watteeuw International recorded revenue of € 38.8 million and equity of € 58.8 million. Compared with financial year 2024, the result moved from € 3.3 million to € 1.8 million. 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 11, 2026.
€ 58.8 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▼ 47% vs 2024
Profit after tax over the fiscal year.
€ 1.8 million
▼ 34% 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 € 23.4 million.
People and assets in 2025
136.9
▼ 21 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12.6 million
▼ 7% vs 2024
€ 92,300 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.
€ 223,004
▼ 83% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 22.8 million
▼ 17% vs 2024
Loans from banks and other lenders, long and short.
€ 7.7 million
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 105 days on average.
€ 2.3 million
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 34,705,712 | € 40,883,680 | € 45,114,362 | € 38,752,319 | ▼ 14% |
| Profit after taxes | € 18,701,100 | € 1,651,926 | € 3,342,877 | € 1,769,625 | ▼ 47% |
| Equity | € 58,733,823 | € 56,085,749 | € 57,053,626 | € 58,823,252 | ▲ 3% |
| Total debts | € 25,149,033 | € 37,995,108 | € 52,131,668 | € 45,690,569 | ▼ 12% |
| Cash | € 1,366,280 | € 687,363 | € 2,673,393 | € 1,766,787 | ▼ 34% |
| Land & buildings | € 1,962,247 | € 1,905,618 | € 2,649,112 | € 2,384,760 | ▼ 10% |
| Retained profit | € 23,266,732 | € 20,618,658 | € 21,586,535 | € 23,356,161 | ▲ 8% |
| Dividend | € 25,000,000 | € 4,300,000 | € 2,375,000 | € 0 | ▼ 100% |
| Bank debt | € 12,962,839 | € 24,885,717 | € 27,353,130 | € 22,754,958 | ▼ 17% |
| Balance sheet total | € 83,887,758 | € 94,080,857 | € 109,185,294 | € 104,513,821 | ▼ 4% |
| Employees (FTE) | 157.1 | 151 | 157.9 | 136.9 | ▼ 21 |
Key figures of IG Watteeuw International, 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 IG Watteeuw International?
What happened at IG Watteeuw International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- J. PEAS BV stepped down as director. NBB
- JUDITH BAETE NAESSENS stepped down as director. NBB
- CHOCOSONIFY BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.8 million (▼ 47% vs 2024). Source: NBB ↗
- J. PEAS BV became a director. NBB
- JUDITH BAETE NAESSENS became a director. NBB
- CHOCOSONIFY BV became a director. NBB
- New establishment in Oostkamp. KBO
In short
From € 18.7 million profit in 2022 to € 1.8 million profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 18.7 million profit.
Paid out € 31.7 million in dividends to the owners in total.
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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 shares are held by BMT INTERNATIONAL NV (100%). It owns 100% of IGW PRECISION GEARS (CHANGZHOU), 100% of IG WATTEEUW USA LLC, 100% of IG WATTEEUW INDIA Technologies Pvt. Ltd, and 100% of IG Watteeuw Romania S.R.L. itself.
Directors
According to the 2025 annual accounts
Director · represented by JEAN-PIERRE SEYNAEVE
Also active at: PADDEPOELE, BMT Aerospace International, OMCO INTERNATIONAL, BMT INTERNATIONAL, BMT Boechout
since 2023 · until 2029
JUDITH BAETE NAESSENS
Director
since 2023 · until 2029
Director · represented by JEAN-CHRISTOPHE SEYNAEVE
Also active at: HONTZOCHT, BMT Eurair, SURFACE TREATMENT COMPANY, VCST International, BMT Aerospace International, OMCO INTERNATIONAL, BMT INTERNATIONAL, BMT Alutech Solutions +4 more
since 2023 · until 2029
Shareholders
100%
Participations
IGW PRECISION GEARS (CHANGZHOU)
100%
IG WATTEEUW USA LLC
100%
IG WATTEEUW INDIA Technologies Pvt. Ltd,
100%
IG Watteeuw Romania S.R.L.
100%
Establishments
Establishment units
Physical locations of this company
Kampveldstraat 51
8020 Oostkamp
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
igwpower.com
Registered
2013-09-03
Registrar
EuroDNS S.A.
Expires
2026-09-03
Website info
Features
Security
Details
- Company number
- 0405.155.934
- VAT number
- BE 0405.155.934
- Registered office
- Kampveldstraat 51, 8020 Oostkamp
- Names & denominations
- IG Watteeuw International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 August 1922
- Peppol
- Active · Active since 31 Dec 2025
- Contact
- igwpower.com
- Activities · NACE
Vervaardiging van tandwielen, lagers en andere drijfwerkelementen
Vervaardiging van mechanische drijfwerkelementen
Vervaardiging van rollagers, kogellagers en dergelijke