Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
86 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WATTSON from Gent, company number BE0647839145, closed financial year 2025 with a result of € 123,142 after tax. For that financial year WATTSON recorded a gross margin of € 947,879 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 58,223 to € 123,142. 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 January 13, 2026.
€ 1.3 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 123,142
▲ 111% vs 2024
Profit after tax over the fiscal year.
€ 784,315
▲ € 608,454 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 € 569,603.
People and assets in 2025
6.8
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 679,705
▲ 32% vs 2024
€ 100,000 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.
€ 32,499
▼ 53% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 25,221
▼ 84% vs 2024
€ 6,910 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 498,481
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 299,897
▲ 134% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 800,411 | € 784,881 | € 636,228 | € 947,879 | ▲ 49% |
| Profit after taxes | € 161,882 | € 89,770 | € 58,223 | € 123,142 | ▲ 111% |
| Equity | € 1,079,878 | € 1,138,631 | € 1,191,485 | € 1,277,750 | ▲ 7% |
| Total debts | € 727,756 | € 822,918 | € 895,362 | € 1,744,117 | ▲ 95% |
| Cash | € 805,405 | € 560,695 | € 175,860 | € 784,315 | ▲ € 608,454 |
| Retained profit | € 387,016 | € 445,769 | € 483,338 | € 569,603 | ▲ 18% |
| Bank debt | € 0 | € 36,570 | € 160,026 | € 25,221 | ▼ 84% |
| Balance sheet total | € 1,807,634 | € 1,961,549 | € 2,086,848 | € 3,021,867 | ▲ 45% |
| Employees (FTE) | 6.4 | 7.6 | 6.4 | 6.8 | ▲ 0.4 |
Key figures of WATTSON, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to WATTSON?
What happened at WATTSON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Participatiemaatschappij Vlaanderen NV stepped down as director. NBB
- Piet Colruyt stepped down as director. NBB
- Roover stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 123,142 (▲ 111% vs 2024). Source: NBB ↗
- Participatiemaatschappij Vlaanderen NV became a director. NBB
- Piet Colruyt became a director. NBB
- Roover became a director. NBB
- New establishment in Gent. KBO
In short
From € 161,882 profit in 2022 to € 123,142 profit in 2025.
Paid € 138,373 in corporate taxes since 2022.
Best year ever: 2022, with € 161,882 profit.
On average € 139,400 of value added per employee in 2025.
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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
The stake of IMPACT CAPITAL, Participatiemaatschappij Vlaanderen, Energy Transition Partners comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WATTSONThe shares are held by IMPACT CAPITAL (30%), Participatiemaatschappij Vlaanderen (25%) and Energy Transition Partners (17.9%). It owns 100% of Make Oil Fields Redundant 1, 50% of D-Watt, 10% of Local Energy Saving Solutions 1, 10% of Local Energy Saving Solutions 3, 10% of Local Energy Saving Solutions 2 and 10% of Local Energy Saving Solutions 5 itself.
Directors
According to the 2025 annual accounts
Participatiemaatschappij Vlaanderen NV
Director · represented by Tom MORTIER
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2021 · until 2026
Piet Colruyt
Director
Also active at: KORYS BUSINESS SERVICES I NV, Korys Business Services III NV, Korys Business Services II NV, VAST & GOED, OYA SEED, Local Energy Saving Solutions 1, Shaping Impact Group, Eoly Coöperatie +25 more
since 2021 · until 2026
Shareholders
Establishments
Establishment units
Physical locations of this company
Nieuwewandeling 62 box 18
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 86 companies are registered 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
- 0647.839.145
- VAT number
- BE 0647.839.145
- Registered office
- Nieuwewandeling 62 bus 18, 9000 Gent
- Names & denominations
- WATTSON
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 February 2016
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten