What does Watts benelux do?

Watts benelux is a wholesaler in Wingene. Private Limited, started on 26 May 1977, 1 establishment.

What is the address of Watts benelux?

The registered office of Watts benelux is located at Beernemsteenweg 77 box A, 8750 Wingene.

Is Watts benelux still active?

Yes. According to the CBE (29 October 2026) Watts benelux is active, legal situation “Normale toestand”, started on 26 May 1977.

Is Watts benelux registered on Peppol?

Yes, Watts benelux is registered on the Peppol network with ID 0208:0417214915.

What is the enterprise number of Watts benelux?

The enterprise number of Watts benelux is BE0417214915.

When was Watts benelux founded?

Watts benelux was founded on 26 May 1977.

Who are the directors of Watts benelux?

According to the 2025 annual accounts, the directors of Watts benelux are: Marc GERMERAAD, Paolo DOLEZZAL, Olivier GIVERDON.

Is Watts benelux a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 26 May 1977; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did Watts benelux make in 2025?

Watts benelux posted a profit after taxes of € 1,096,457 in financial year 2025.

What is the revenue of Watts benelux?

In its most recent annual accounts (2025), Watts benelux reported revenue of € 29,654,828.

How much does an employee at Watts benelux earn?

The average wage cost per full-time employee at Watts benelux was € 80,700 in 2025: staff costs of € 2.2 million for 27.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Watts benelux have?

According to the 2025 annual accounts, Watts benelux has 27.1 full-time equivalents (FTE).

Watts benelux (Private Limited) - Wingene - BE0417214915

Dossier Watts benelux, printed on 29 October 2026 from databakkes.be/en/0417214915/watts-benelux. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Board fully replaced NBB

No director from three years ago is still active according to annual account 2025.

Financials

Financial year 2025

Watts benelux from Wingene, company number BE0417214915, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year Watts benelux recorded revenue of € 29.7 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 639,752 to € 1.1 million. 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 June 8, 2026.

What it is worth Growing

€ 1.7 million

▲ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 1.1 million

▲ 71% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 53,584

▼ 75% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1 million paid out

91 % of the profit went to the shareholders, mostly to Watts EMEA Holding (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

27.1

▼ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 5.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.2 million

▼ 18% vs 2024

€ 80,700 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.

Vehicles and equipment

€ 22,523

▼ 42% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 5.1 million

▼ 20% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.

Taxes and wages

€ 751,508

▼ 20% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 32,817,255 Revenue 2022: € 32,817,255 First fiscal year in the series	€ 36,718,436 Revenue 2023: € 36,718,436 ▲ 12% vs 2022 (€ 32,817,255) Favourable step	€ 31,732,753 Revenue 2024: € 31,732,753 ▼ 14% vs 2023 (€ 36,718,436) Unfavourable step	€ 29,654,828 Revenue 2025: € 29,654,828 ▼ 7% vs 2024 (€ 31,732,753) Unfavourable step	▼ 7%
Profit after taxes	€ 2,707,780 Profit after taxes 2022: € 2,707,780 First fiscal year in the series	€ 1,925,957 Profit after taxes 2023: € 1,925,957 ▼ 29% vs 2022 (€ 2,707,780) Unfavourable step	€ 639,752 Profit after taxes 2024: € 639,752 ▼ 67% vs 2023 (€ 1,925,957) Unfavourable step	€ 1,096,457 Profit after taxes 2025: € 1,096,457 ▲ 71% vs 2024 (€ 639,752) Favourable step	▲ 71%
Equity	€ 999,544 Equity 2022: € 999,544 First fiscal year in the series	€ 1,425,501 Equity 2023: € 1,425,501 ▲ 43% vs 2022 (€ 999,544) Favourable step	€ 1,565,253 Equity 2024: € 1,565,253 ▲ 10% vs 2023 (€ 1,425,501) Favourable step	€ 1,661,710 Equity 2025: € 1,661,710 ▲ 6% vs 2024 (€ 1,565,253) Favourable step	▲ 6%
Total debts	€ 9,271,916 Total debts 2022: € 9,271,916 First fiscal year in the series	€ 8,332,743 Total debts 2023: € 8,332,743 ▼ 10% vs 2022 (€ 9,271,916) Favourable step	€ 7,862,115 Total debts 2024: € 7,862,115 ▼ 6% vs 2023 (€ 8,332,743) Favourable step	€ 6,940,554 Total debts 2025: € 6,940,554 ▼ 12% vs 2024 (€ 7,862,115) Favourable step	▼ 12%
Cash	€ 153,055 Cash 2022: € 153,055 First fiscal year in the series	€ 210,726 Cash 2023: € 210,726 ▲ 38% vs 2022 (€ 153,055) Favourable step	€ 216,708 Cash 2024: € 216,708 ▲ 3% vs 2023 (€ 210,726) Favourable step	€ 53,584 Cash 2025: € 53,584 ▼ 75% vs 2024 (€ 216,708) Unfavourable step	▼ 75%
Retained profit	€ 950,354 Retained profit 2022: € 950,354 First fiscal year in the series	€ 1,376,311 Retained profit 2023: € 1,376,311 ▲ 45% vs 2022 (€ 950,354) Favourable step	€ 1,516,063 Retained profit 2024: € 1,516,063 ▲ 10% vs 2023 (€ 1,376,311) Favourable step	€ 1,612,520 Retained profit 2025: € 1,612,520 ▲ 6% vs 2024 (€ 1,516,063) Favourable step	▲ 6%
Dividend	€ 2,500,000 Dividend 2022: € 2,500,000 First fiscal year in the series	€ 1,500,000 Dividend 2023: € 1,500,000 ▼ 40% vs 2022 (€ 2,500,000) Unchanged	€ 500,000 Dividend 2024: € 500,000 ▼ 67% vs 2023 (€ 1,500,000) Unchanged	€ 1,000,000 Dividend 2025: € 1,000,000 ▲ 100% vs 2024 (€ 500,000) Unchanged	▲ 100%
Balance sheet total	€ 10,302,099 Balance sheet total 2022: € 10,302,099 First fiscal year in the series	€ 9,758,244 Balance sheet total 2023: € 9,758,244 ▼ 5% vs 2022 (€ 10,302,099) Unchanged	€ 9,427,368 Balance sheet total 2024: € 9,427,368 ▼ 3% vs 2023 (€ 9,758,244) Unchanged	€ 8,602,264 Balance sheet total 2025: € 8,602,264 ▼ 9% vs 2024 (€ 9,427,368) Unchanged	▼ 9%
Employees (FTE)	29.9 Employees (FTE) 2022: 29.9 First fiscal year in the series	29 Employees (FTE) 2023: 29 ▼ 0.9 vs 2022 (29.9) Unchanged	27.7 Employees (FTE) 2024: 27.7 ▼ 1.3 vs 2023 (29) Unchanged	27.1 Employees (FTE) 2025: 27.1 ▼ 0.6 vs 2024 (27.7) Unchanged	▼ 0.6

Key figures of Watts benelux, 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 Watts benelux?

What happened at Watts benelux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 8, 2026 New annual accounts for financial year 2025: profit of € 1.1 million (▲ 71% vs 2024). Source: NBB ↗
2025 Olivier GIVERDON stepped down as director. NBB
2025 Marc GERMERAAD became a director. NBB
2024 Paolo DOLEZZAL became a director. NBB
2019 Olivier GIVERDON became a director. NBB
Dec 31, 1997 New establishment in Wingene. KBO
May 26, 1977 Start of the company according to the CBE. KBO

In short

From € 2.7 million profit in 2022 to € 1.1 million profit in 2025.

Paid € 2.4 million in corporate taxes since 2022.

Best year ever: 2022, with € 2.7 million profit.

Paid out € 5.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Watts EMEA Holding 100%

Watts benelux

Behind Watts benelux are Marc GERMERAAD and Paolo DOLEZZAL. The shares are held by Watts EMEA Holding (100%).

Directors

According to the 2025 annual accounts

Marc GERMERAAD

Director

since 2025

Paolo DOLEZZAL

Director

since 2024

Olivier GIVERDON

Director

since 2019 · until 2025

Shareholders

Watts EMEA Holding

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Beernemsteenweg 77 box A

8750 Wingene

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

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+1 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0417.214.915

VAT number

BE 0417.214.915

Registered office

Beernemsteenweg 77 bus A, 8750 Wingene

Names & denominations

Watts benelux

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

26 May 1977

Peppol

Active · Active since 1 Jan 2026

Activities · NACE

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Groothandel in loodgietersmateriaal en verwarmingsinstallaties

Groothandel in andere machines en werktuigen, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

Watts benelux

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Financials

What happened to Watts benelux?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions