Financials
Financial year 2025
by Watson Nazareth from Kortrijk, company number BE0799877143, closed financial year 2025 with a result of € 186,863 after tax. For that financial year by Watson Nazareth recorded a gross margin of € 963,965 and equity of € 718,530. Compared with financial year 2024, the result moved from € 262,938 to € 186,863. 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 6, 2026.
€ 718,530
▲ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 186,863
▼ 29% vs 2024
Profit after tax over the fiscal year.
€ 155,889
▲ 102% 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 € 618,530.
People and assets in 2025
8.1
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 436,201
▼ 9% vs 2024
€ 53,900 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.
€ 6,387
▼ 55% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 853,537
▼ 1% vs 2024
€ 165,553 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 169,264
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 358,646
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 367,954 | € 1,042,188 | € 963,965 | ▼ 8% |
| Profit after taxes | € 168,729 | € 262,938 | € 186,863 | ▼ 29% |
| Equity | € 268,729 | € 531,667 | € 718,530 | ▲ 35% |
| Total debts | € 1,472,508 | € 1,594,619 | € 1,529,281 | ▼ 4% |
| Cash | € 70,578 | € 77,075 | € 155,889 | ▲ 102% |
| Retained profit | € 168,729 | € 431,667 | € 618,530 | ▲ 43% |
| Bank debt | € 1,014,249 | € 866,523 | € 853,537 | ▼ 1% |
| Balance sheet total | € 1,741,237 | € 2,126,287 | € 2,247,811 | ▲ 6% |
| Employees (FTE) | 6.4 | 6.8 | 8.1 | ▲ 1.3 |
Key figures of by Watson Nazareth, fiscal years 2023 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 by Watson Nazareth?
What happened at by Watson Nazareth in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GVS ACCOUNTANTS EN ADVISEURS BV stepped down as director. NBB
- BY WATSON NV stepped down as director. NBB
- ELKAMICE CommV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 186,863 (▼ 29% vs 2024). Source: NBB ↗
- Accountantskantoor Van den Broeck - Vandecasteele CVOA stepped down as director. NBB
- Valsan NV stepped down as director. NBB
- Accountantskantoor Van den Broeck - Vandecasteele CVOA became a director. NBB
- Valsan NV became a director. NBB
In short
From € 168,729 profit in 2023 to € 186,863 profit in 2025.
Paid € 216,877 in corporate taxes since 2023.
Best year ever: 2024, with € 262,938 profit.
On average € 119,000 of value added per employee in 2025.
A new publication or filing at by Watson Nazareth? We notify you, reason included.
Follow by Watson NazarethDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 by Watson comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
by Watson NazarethThe shares are held by by Watson (100%).
Directors
According to the 2025 annual accounts
Accountantskantoor Van den Broeck - Vandecasteele CVOA
Director · represented by Christine VANDECASTEELE
since 2023 · until 2025
Director · represented by Luc VAN DEN BROECK
since 2023 · until 2025
GVS ACCOUNTANTS EN ADVISEURS BV
Director · represented by Gerardus SCHAIK
since 2023 · until 2029
Managing director · represented by Brecht DAMMAN
since 2023 · until 2029
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Beneluxpark(Kor) 23
8500 Kortrijk
Warandestraat 37-39
9810 Nazareth-De Pinte
Active since 23 March 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0799.877.143
- VAT number
- BE 0799.877.143
- Registered office
- Beneluxpark(Kor) 23, 8500 Kortrijk
- Names & denominations
- by Watson Nazareth
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2023
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants