Financials
Financial year 2025
by Watson from Kortrijk, company number BE0455718965, closed financial year 2025 with a result of € 719,645 after tax. For that financial year by Watson recorded a gross margin of € 4.2 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 631,334 to € 719,645. Profitable, and profit is growing. 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 29, 2026.
€ 2 million
▲ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 719,645
▲ 14% vs 2024
Profit after tax over the fiscal year.
€ 892,007
▲ 197% 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 € 1.8 million.
People and assets in 2025
38
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 8% vs 2024
€ 73,800 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.
€ 504,845
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 17% vs 2024
€ 334,087 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 83,645
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 622,990
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,366,013 | € 4,032,402 | € 3,912,640 | € 4,231,511 | ▲ 8% |
| Profit after taxes | € 617,596 | € 1,027,675 | € 631,334 | € 719,645 | ▲ 14% |
| Equity | € 856,913 | € 631,588 | € 1,262,922 | € 1,982,567 | ▲ 57% |
| Total debts | € 2,116,703 | € 3,646,273 | € 2,774,912 | € 1,855,437 | ▼ 33% |
| Cash | € 213,878 | € 545,966 | € 299,899 | € 892,007 | ▲ 197% |
| Land & buildings | € 632,004 | € 500,501 | € 368,997 | € 237,602 | ▼ 36% |
| Retained profit | € 680,813 | € 455,488 | € 1,086,822 | € 1,806,467 | ▲ 66% |
| Dividend | € 1,024,800 | € 1,253,000 | € 0 | € 0 | |
| Bank debt | € 907,083 | € 1,365,583 | € 1,387,804 | € 1,146,740 | ▼ 17% |
| Balance sheet total | € 3,023,116 | € 4,332,861 | € 4,098,333 | € 3,904,004 | ▼ 5% |
| Employees (FTE) | 38.5 | 36 | 36.9 | 38 | ▲ 1.1 |
Key figures of by Watson, 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 by Watson?
What happened at by Watson in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kalauma & C° CommV stepped down as director. NBB
- Chaudova CommV stepped down as director. NBB
- Kasi CommV stepped down as director. NBB
- RDR & C° CommV stepped down as director. NBB
- Orobos NV stepped down as director. NBB
- KDP & C° CommV stepped down as director. NBB
- Elkamice CommV stepped down as director. NBB
- Emanuel & C° CommV stepped down as director. NBB
In short
From € 617,596 profit in 2022 to € 719,645 profit in 2025.
Paid € 871,158 in corporate taxes since 2022.
Best year ever: 2023, with € 1 million profit.
On average € 111,400 of value added per employee in 2025.
A new publication or filing at by Watson? 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
It owns 100% of by Watson Nazareth itself.
Directors
According to the 2025 annual accounts
Director · represented by Benedict Verstaen
· until 2028
Director · represented by Valérie Dendauw
· until 2028
Director · represented by Brecht Damman
· until 2028
Director · represented by Renaat De Rijcke
· until 2028
Director · represented by Anthony Zutterman
since 2025 · until 2028
Director · represented by Koen Duprix
· until 2028
· until 2028
Director · represented by Simon Callens
· until 2028
Establishments
Establishment units
Physical locations of this company
Beneluxpark(Kor) 23
8500 Kortrijk
Wortegemseweg 54
8790 Waregem
Active since 1 January 2010
Egemsesteenweg 47
8700 Tielt
Active since 1 January 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Details
- Company number
- 0455.718.965
- VAT number
- BE 0455.718.965
- Registered office
- Beneluxpark(Kor) 23, 8500 Kortrijk
- Names & denominations
- by Watson
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 1995
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants
Accountants
Boekhouders
Boekhouders en boekhouders-fiscalisten