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 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Watt & More from Deinze, company number BE0647812817, closed financial year 2025 with a result of € 11,944 after tax. For that financial year Watt & More recorded a gross margin of € 198,925 and equity of € 2,150. Compared with financial year 2024, the result moved from € 9,208 to € 11,944. 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 August 26, 2026.
€ 2,150
▲ € 11,944 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,944
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 2,653
▼ 89% 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 € -54,600.
People and assets in 2025
2.9
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 175,243
▲ 49% vs 2024
€ 60,400 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 32,364
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,527
▲ 85% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 182,919 | € 167,264 | € 151,356 | € 198,925 | ▲ 31% |
| Profit after taxes | € 20,099 | € 518 | € 9,208 | € 11,944 | ▲ 30% |
| Equity | € -19,519 | € -19,002 | € -9,794 | € 2,150 | ▲ € 11,944 |
| Total debts | € 604,536 | € 977,423 | € 540,437 | € 478,917 | ▼ 11% |
| Cash | € 24,599 | € 27,177 | € 24,703 | € 2,653 | ▼ 89% |
| Land & buildings | € 37,010 | € 27,512 | € 13,450 | € 10,691 | ▼ 21% |
| Retained profit | € -76,269 | € -75,752 | € -66,544 | € -54,600 | ▲ € 11,944 |
| Balance sheet total | € 585,017 | € 958,421 | € 530,643 | € 481,067 | ▼ 9% |
| Employees (FTE) | - | 2.2 | 2 | 2.9 | ▲ 0.9 |
Key figures of Watt & More, 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 & More?
What happened at Watt & More in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,944 (▲ 30% vs 2024). filed late Source: NBB ↗
- Elsie Bral became a director. NBB
- Maarten De Wulf became a director. NBB
- New establishment in Deinze. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,099 profit in 2022 to € 11,944 profit in 2025.
Paid € 1,310 in corporate taxes since 2022.
Best year ever: 2022, with € 20,099 profit.
On average € 68,600 of value added per employee in 2025.
Management
Behind Watt & More are Maarten De Wulf and Elsie Bral. The same people are also behind ALFA ELEKTRICITEIT GENT. Maarten De Wulf is also behind ALFA GENT, ALFA LICHT GENT, Watt & More Kortrijk and Omega Zelfbouw.
Directors
According to the 2025 annual accounts
Maarten De Wulf
Manager
Also active at: ALFA GENT, ALFA LICHT GENT, Watt & More Kortrijk, Omega Zelfbouw, ALFA ELEKTRICITEIT GENT
since 2017
since 2018
Establishments
Establishment units
Physical locations of this company
Emiel Clauslaan 74
9800 Deinze
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0647.812.817
- VAT number
- BE 0647.812.817
- Registered office
- Emiel Clauslaan 74, 9800 Deinze
- Names & denominations
- Watt & More
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 February 2016
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
Groothandel in verlichtingsapparatuur