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 18 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WATT FACTORY from Gent, company number BE0650688569, closed financial year 2025 with a result of € -139,690 after tax. For that financial year WATT FACTORY recorded a gross margin of € 264,159 and equity of € 1 million. Compared with financial year 2024, the result moved from € 4,595 to € -139,690. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 1 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -139,690
▼ still € 4,595 profit in 2024
Profit after tax over the fiscal year.
€ 101,863
▲ 170% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
€ 128,300
▼ 28% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 74,217
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.7 million
▼ 6% vs 2024
€ 181,550 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 73,316
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,960
▼ 50% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 340,506 | € 471,932 | € 443,704 | € 264,159 | ▼ 40% |
| Profit after taxes | € -42,517 | € 31,891 | € 4,595 | € -139,690 | ▼ € 144,284 |
| Equity | € 1,237,874 | € 1,239,462 | € 1,213,753 | € 1,043,760 | ▼ 14% |
| Total debts | € 3,903,947 | € 3,686,275 | € 3,545,851 | € 3,561,134 | |
| Cash | € 152,569 | € 48,573 | € 37,745 | € 101,863 | ▲ 170% |
| Land & buildings | € 4,814,078 | € 4,656,797 | € 4,482,999 | € 4,323,303 | ▼ 4% |
| Retained profit | € -1,055,055 | € -1,023,164 | € -1,018,570 | € -1,158,260 | ▼ € 139,690 |
| Bank debt | € 3,269,320 | € 3,090,378 | € 2,908,887 | € 2,726,782 | ▼ 6% |
| Balance sheet total | € 5,141,821 | € 4,925,737 | € 4,759,604 | € 4,604,894 | ▼ 3% |
Key figures of WATT FACTORY, 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 FACTORY?
What happened at WATT FACTORY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 139,690 (▼ € 144,284 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 42,517 loss in 2022 to € 139,690 loss in 2025.
Paid € 39 in corporate taxes since 2022.
Best year ever: 2023, with € 31,891 profit.
A new publication or filing at WATT FACTORY? 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
The stake of ASSETS INVEST, RE-VIVE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WATT FACTORYBehind WATT FACTORY are Isabelle Verraes, Stephan Bostoen, Cassel BV, Assets Invest BV, Re-Vive NV and Jonas Dhaenens. The shares are held by ASSETS INVEST (16.7%) and RE-VIVE (16.7%).
Directors
According to the 2025 annual accounts
Isabelle Verraes
Director
Also active at: ARS EN THEMIS, ASSETS INVEST, THREE INVEST, Three Development
Stephan Bostoen
Director
Director · represented by Walter Mastelinck
Also active at: CREAPLAN, CLOUDS OF CARE, Sigma Invest, Lina Invest, Heimat, VINDEVOGEL FLANDERS, BETOTRACE, Trince +4 more
Director · represented by Alex De Witte
Also active at: ARGIBEL, BUILDING, BOEVERIE, LIEGE BECASSE, XIOR Namen, VICTORIA REGINA, BLUE LINE STORAGE, Well One +20 more
Director · represented by Nicolas Bearelle
Also active at: ROEMMO INVEST, IMMOMENCH, THE GOOD LIFE DEVELOPMENT FUND, THE GOOD LIFE INVESTMENT FUND, GDANSK DEVELOPMENT HOLDING, DENDER DEVELOPMENT II, Good Life Ekla, RE2 +3 more
Jonas Dhaenens
Director
Also active at: PIMPERNEL, MALUVER, Port Office Park, COMBELL, URBAN PLAN, SMARTFIN VENTURES, Settle, PITCHDRIVE +4 more
Shareholders
16.7%
16.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vlasgaardstraat 52
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Billie Bonkers
€ 1.8 million gross margin · 2025
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€ -66,545 gross margin · 2022
ZIGGU
€ 610,605 gross margin · 2025
Healthblocks
€ 48,718 gross margin · 2025
Cadanso
€ 800 gross margin · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0650.688.569
- VAT number
- BE 0650.688.569
- Registered office
- Vlasgaardstraat 52, 9000 Gent
- Names & denominations
- WATT FACTORY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2016
- Peppol
- Active · Active since 1 Sept 2025
- Activities · NACE
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