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 39 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022, 2025.
Financials
Financial year 2025
ETS WATTIAUX from Tournai, company number BE0428712284, closed financial year 2025 with a result of € 75,612 after tax. For that financial year ETS WATTIAUX recorded revenue of € 16.2 million and equity of € 1 million. Compared with financial year 2024, the result moved from € -229,672 to € 75,612. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 1 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 75,612
▲ still € 229,672 loss in 2024
Profit after tax over the fiscal year.
€ 113,966
▼ 42% 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 € 455,055.
People and assets in 2025
51.7
▼ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▲ 1% vs 2024
€ 58,400 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.
€ 943,790
▼ 16% vs 2024
Of which on lease € 797,426.
Debts at end 2025
€ 5.5 million
▲ 4% vs 2024
€ 666,592 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2.8 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 576,258
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,901,978 | € 15,681,352 | € 15,516,811 | € 16,167,605 | ▲ 4% |
| Profit after taxes | € -33,070 | € -97,052 | € -229,672 | € 75,612 | ▲ € 305,285 |
| Equity | € 1,395,248 | € 1,264,800 | € 1,002,243 | € 1,048,531 | ▲ 5% |
| Total debts | € 9,408,416 | € 9,597,415 | € 9,210,991 | € 8,834,989 | ▼ 4% |
| Cash | € 250,053 | € 184,461 | € 197,368 | € 113,966 | ▼ 42% |
| Land & buildings | € 1,848,086 | € 1,729,882 | € 1,611,678 | € 1,493,474 | ▼ 7% |
| Retained profit | € 706,167 | € 609,116 | € 379,443 | € 455,055 | ▲ 20% |
| Bank debt | € 6,674,693 | € 6,152,687 | € 5,261,009 | € 5,476,167 | ▲ 4% |
| Balance sheet total | € 10,841,090 | € 10,923,396 | € 10,233,986 | € 9,898,231 | ▼ 3% |
| Employees (FTE) | 55.3 | 52.7 | 55.5 | 51.7 | ▼ 3.8 |
Key figures of ETS WATTIAUX, 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 WATTIAUX?
What happened at ETS WATTIAUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- Sylvie Nounckele became a director. NBB
- Philippe Wattiaux became a director. NBB
- Thomas Wattiaux became a director. NBB
- New establishment in Mouscron. KBO
- New establishment in Libramont-Chevigny. KBO
- New establishment in Namur. KBO
- New establishment in Nivelles. KBO
In short
From € 33,070 loss in 2022 to € 75,612 profit in 2025.
Paid € 75,630 in corporate taxes since 2022.
Best year ever: 2025, with € 75,612 profit.
Pays suppliers within 81 days on average.
A new publication or filing at ETS WATTIAUX? We notify you, reason included.
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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
Behind ETS WATTIAUX are Sylvie Nounckele, Philippe Wattiaux and Thomas Wattiaux.
Directors
According to the 2025 annual accounts
Sylvie Nounckele
Director
since 2023
Philippe Wattiaux
Chairman of the board
since 2023
Thomas Wattiaux
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Avenue de Maire(TOU) 131
7500 Tournai
Rue Tourette 40
6000 Charleroi
Active since 2 June 1999
Rue des Sapeurs-pompiers(PAU) 7
7100 La Louvière
Active since 1 January 1986
Avenue des Bassins 11
7000 Mons
Active since 1 January 1986
Chaussée de Marche(WD) 744
5100 Namur
Active since 15 October 2011
Chaussée de Namur 83
1400 Nivelles
Active since 10 October 2008
Recogne,Rue de Saint-Hubert 14
6800 Libramont-Chevigny
Active since 1 July 2014
Sint Achariusstraat 12
7700 Mouscron
Active since 2 February 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Website info
Features
Security
Details
- Company number
- 0428.712.284
- VAT number
- BE 0428.712.284
- Registered office
- Avenue de Maire(TOU) 131, 7500 Tournai
- Names & denominations
- ETS WATTIAUX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 1986
- Peppol
- Active · Active since 10 Dec 2025
- Contact
- wattiaux.be
- Activities · NACE
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