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
Kelvin & Watts Engineering from Nivelles, company number BE0467151703, closed financial year 2025 with a result of € 77,246 after tax. For that financial year Kelvin & Watts Engineering recorded a gross margin of € 122,546 and equity of € 78,292. Compared with financial year 2024, the result moved from € -3,263 to € 77,246. 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 August 28, 2026.
€ 78,292
▲ € 77,245 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,246
▲ still € 3,263 loss in 2024
Profit after tax over the fiscal year.
€ 106,413
▲ € 105,368 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 € 59,692.
People and assets in 2025
€ 16,629
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
None
No bank loans on the last day of the fiscal year.
€ 77,347
Supplier invoices still open on the last day of the fiscal year.
€ 28,618
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 32,079 | € 2,351 | - | - | |
| Gross margin | € 16,719 | € -4,523 | € -1,790 | € 122,546 | ▲ € 124,336 |
| Profit after taxes | € 1,718 | € -6,968 | € -3,263 | € 77,246 | ▲ € 80,509 |
| Equity | € 11,316 | € 4,309 | € 1,047 | € 78,292 | ▲ € 77,245 |
| Total debts | € 11,058 | € 11,926 | € 0 | € 107,168 | |
| Cash | € 6,180 | € 3,923 | € 1,046 | € 106,413 | ▲ € 105,368 |
| Retained profit | € -7,284 | € -14,291 | € -17,553 | € 59,692 | ▲ € 77,245 |
| Balance sheet total | € 22,373 | € 16,235 | € 1,047 | € 185,460 | ▲ € 184,413 |
Key figures of Kelvin & Watts Engineering, 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 Kelvin & Watts Engineering?
What happened at Kelvin & Watts Engineering in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 77,246. filed late Source: NBB ↗
- Jean-Claude Materne became a director. NBB
- Melchior Martin became a director. NBB
- Dimitru Ungurean became a director. NBB
- Laurence Nürenberg stepped down as director. NBB
- Laurence Nürenberg became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,718 profit in 2022 to € 77,246 profit in 2025.
Paid € 25,915 in corporate taxes since 2022.
Best year ever: 2025, with € 77,246 profit.
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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 Kelvin & Watts Engineering are Jean-Claude Materne, Melchior Martin and Dimitru Ungurean.
Directors
According to the 2025 annual accounts
Jean-Claude Materne
Director
since 2025
Melchior Martin
Director
since 2025
Dimitru Ungurean
Director
since 2025
Laurence Nürenberg
Director
since 2021 · until 2025
Establishments
Establishment units
Physical locations of this company
Avenue Robert Schuman 51/41
1401 Nivelles
Avenue Robert Schuman 51 box 41
1401 Nivelles
Active since 3 February 2000
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
Google Workspace
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0467.151.703
- VAT number
- BE 0467.151.703
- Registered office
- Avenue Robert Schuman 51/41, 1401 Nivelles
- Names & denominations
- Kelvin & Watts Engineering
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 1999
- Peppol
- Active · Active since 16 Dec 2025
- Contact
- kelvinwatts.be
- Activities · NACE
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