What does WATT ELSE do?

WATT ELSE is an engineering firm in Yvoir. Private Limited, started on 29 April 2015, 2 establishments.

What is the address of WATT ELSE?

The registered office of WATT ELSE is located at Rue du Jauviat 20, 5530 Yvoir.

Is WATT ELSE still active?

Yes. According to the CBE (30 October 2026) WATT ELSE is active, legal situation “Normale toestand”, started on 29 April 2015.

Is WATT ELSE registered on Peppol?

Yes, WATT ELSE is registered on the Peppol network with ID 0208:0628984523.

What is the enterprise number of WATT ELSE?

The enterprise number of WATT ELSE is BE0628984523.

When was WATT ELSE founded?

WATT ELSE was founded on 29 April 2015.

Who are the directors of WATT ELSE?

According to the 2025 annual accounts, the directors of WATT ELSE are: Mathieu Van Gechuchten.

Is WATT ELSE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 April 2015; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did WATT ELSE make in 2025?

WATT ELSE posted a profit after taxes of € 9,965 in financial year 2025.

What is the revenue of WATT ELSE?

As a small company, WATT ELSE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 845,240.

How much does an employee at WATT ELSE earn?

The average wage cost per full-time employee at WATT ELSE was € 71,000 in 2025: staff costs of € 546,974 for 7.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does WATT ELSE have?

According to the 2025 annual accounts, WATT ELSE has 7.7 full-time equivalents (FTE).

WATT ELSE (Private Limited) - Yvoir - BE0628984523

Dossier WATT ELSE, printed on 30 October 2026 from databakkes.be/en/0628984523/watt-else. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

WATT ELSE from Yvoir, company number BE0628984523, closed financial year 2025 with a result of € 9,965 after tax. For that financial year WATT ELSE recorded a gross margin of € 845,240 and equity of € 661,197. Compared with financial year 2024, the result moved from € 188,634 to € 9,965. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.

What it is worth Growing

€ 661,197

▲ 1% vs 2024

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

Profit Healthy

€ 9,965

▼ 95% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 103,248

▼ 81% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 568,934.

People and assets in 2025

Full-time equivalents

7.7

▼ 2.4 vs 2024

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

Wage cost

€ 546,974

▼ 14% vs 2024

€ 71,000 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

€ 61,449

▼ 31% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 8 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.1 million

▲ 7% vs 2024

€ 150,473 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.

Owed to suppliers

€ 501,850

▼ 54% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 84,797

▼ 45% 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
Gross margin	€ 748,192 Gross margin 2022: € 748,192 First fiscal year in the series	€ 890,396 Gross margin 2023: € 890,396 ▲ 19% vs 2022 (€ 748,192) Favourable step	€ 977,921 Gross margin 2024: € 977,921 ▲ 10% vs 2023 (€ 890,396) Favourable step	€ 845,240 Gross margin 2025: € 845,240 ▼ 14% vs 2024 (€ 977,921) Unfavourable step	▼ 14%
Profit after taxes	€ 223,731 Profit after taxes 2022: € 223,731 First fiscal year in the series	€ 181,040 Profit after taxes 2023: € 181,040 ▼ 19% vs 2022 (€ 223,731) Unfavourable step	€ 188,634 Profit after taxes 2024: € 188,634 ▲ 4% vs 2023 (€ 181,040) Favourable step	€ 9,965 Profit after taxes 2025: € 9,965 ▼ 95% vs 2024 (€ 188,634) Unfavourable step	▼ 95%
Equity	€ 207,896 Equity 2022: € 207,896 First fiscal year in the series	€ 388,936 Equity 2023: € 388,936 ▲ 87% vs 2022 (€ 207,896) Favourable step	€ 653,688 Equity 2024: € 653,688 ▲ 68% vs 2023 (€ 388,936) Favourable step	€ 661,197 Equity 2025: € 661,197 ▲ 1% vs 2024 (€ 653,688) Favourable step	▲ 1%
Total debts	€ 1,316,303 Total debts 2022: € 1,316,303 First fiscal year in the series	€ 1,837,149 Total debts 2023: € 1,837,149 ▲ 40% vs 2022 (€ 1,316,303) Unfavourable step	€ 2,342,007 Total debts 2024: € 2,342,007 ▲ 27% vs 2023 (€ 1,837,149) Unfavourable step	€ 1,753,693 Total debts 2025: € 1,753,693 ▼ 25% vs 2024 (€ 2,342,007) Favourable step	▼ 25%
Cash	€ 224,986 Cash 2022: € 224,986 First fiscal year in the series	€ 123,996 Cash 2023: € 123,996 ▼ 45% vs 2022 (€ 224,986) Unfavourable step	€ 536,448 Cash 2024: € 536,448 ▲ € 412,452 vs 2023 (€ 123,996) Favourable step	€ 103,248 Cash 2025: € 103,248 ▼ 81% vs 2024 (€ 536,448) Unfavourable step	▼ 81%
Land & buildings	€ 707,293 Land & buildings 2022: € 707,293 First fiscal year in the series	€ 897,756 Land & buildings 2023: € 897,756 ▲ 27% vs 2022 (€ 707,293) Unchanged	€ 871,834 Land & buildings 2024: € 871,834 ▼ 3% vs 2023 (€ 897,756) Unchanged	€ 846,907 Land & buildings 2025: € 846,907 ▼ 3% vs 2024 (€ 871,834) Unchanged	▼ 3%
Retained profit	€ 189,296 Retained profit 2022: € 189,296 First fiscal year in the series	€ 370,336 Retained profit 2023: € 370,336 ▲ 96% vs 2022 (€ 189,296) Favourable step	€ 558,970 Retained profit 2024: € 558,970 ▲ 51% vs 2023 (€ 370,336) Favourable step	€ 568,934 Retained profit 2025: € 568,934 ▲ 2% vs 2024 (€ 558,970) Favourable step	▲ 2%
Dividend	€ 300,000 Dividend 2022: € 300,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 300,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 653,887 Bank debt 2022: € 653,887 First fiscal year in the series	€ 1,127,811 Bank debt 2023: € 1,127,811 ▲ 72% vs 2022 (€ 653,887) Unfavourable step	€ 1,079,031 Bank debt 2024: € 1,079,031 ▼ 4% vs 2023 (€ 1,127,811) Favourable step	€ 1,149,908 Bank debt 2025: € 1,149,908 ▲ 7% vs 2024 (€ 1,079,031) Unfavourable step	▲ 7%
Balance sheet total	€ 1,524,198 Balance sheet total 2022: € 1,524,198 First fiscal year in the series	€ 2,226,085 Balance sheet total 2023: € 2,226,085 ▲ 46% vs 2022 (€ 1,524,198) Unchanged	€ 2,995,695 Balance sheet total 2024: € 2,995,695 ▲ 35% vs 2023 (€ 2,226,085) Unchanged	€ 2,414,890 Balance sheet total 2025: € 2,414,890 ▼ 19% vs 2024 (€ 2,995,695) Unchanged	▼ 19%
Employees (FTE)	8.8 Employees (FTE) 2022: 8.8 First fiscal year in the series	9.3 Employees (FTE) 2023: 9.3 ▲ 0.5 vs 2022 (8.8) Unchanged	10.1 Employees (FTE) 2024: 10.1 ▲ 0.8 vs 2023 (9.3) Unchanged	7.7 Employees (FTE) 2025: 7.7 ▼ 2.4 vs 2024 (10.1) Unchanged	▼ 2.4

Key figures of WATT ELSE, 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 WATT ELSE?

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

Jul 8, 2026 New annual accounts for financial year 2025: profit of € 9,965 (▼ 95% vs 2024). Source: NBB ↗
Apr 5, 2019 New establishment in Namur. KBO
May 4, 2015 New establishment in Yvoir. KBO
2015 Mathieu Van Gechuchten became a director. NBB
Apr 29, 2015 Start of the company according to the CBE. KBO

In short

From € 223,731 profit in 2022 to € 9,965 profit in 2025.

Paid € 173,345 in corporate taxes since 2022.

Best year ever: 2022, with € 223,731 profit.

On average € 109,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Mathieu Van Gechuchten

WATT ELSE

Behind WATT ELSE is Mathieu Van Gechuchten.

Directors

According to the 2025 annual accounts

Mathieu Van Gechuchten

Director

since 2015

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Jauviat 20

5530 Yvoir

2.287.905.049

Rue de Jausse(WD) 178

5100 Namur

Active since 5 April 2019

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 →

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

Details

Company number

0628.984.523

VAT number

BE 0628.984.523

Registered office

Rue du Jauviat 20, 5530 Yvoir

Names & denominations

WATT ELSE

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

29 April 2015

Peppol

Active · Active since 9 Apr 2025

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View on CBE Public ↗ Annual accounts (NBB) ↗

WATT ELSE

Financials

What happened to WATT ELSE?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions