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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Make Oil Fields Redundant 1 from Gent, company number BE0827022691, closed financial year 2025 with a result of € -9,335 after tax. For that financial year Make Oil Fields Redundant 1 recorded a gross margin of € 13,267 and equity of € -38,551. Compared with financial year 2024, the result moved from € -8,104 to € -9,335. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 13, 2026.
€ -38,551
▼ € 16,999 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,335
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 802
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -115,036.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,030
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 10,383 | € 11,266 | € 14,386 | € 13,267 | ▼ 8% |
| Profit after taxes | € -2,310 | € -8,771 | € -8,104 | € -9,335 | ▼ € 1,231 |
| Equity | € 11,908 | € -5,923 | € -21,552 | € -38,551 | ▼ € 16,999 |
| Total debts | € 126,222 | € 97,545 | € 83,806 | € 72,072 | ▼ 14% |
| Cash | € 2,311 | € 122 | € 3,682 | € 802 | ▼ 78% |
| Retained profit | € -88,826 | € -97,597 | € -105,701 | € -115,036 | ▼ € 9,335 |
| Balance sheet total | € 148,870 | € 99,341 | € 67,465 | € 36,178 | ▼ 46% |
Key figures of Make Oil Fields Redundant 1, 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 Make Oil Fields Redundant 1?
What happened at Make Oil Fields Redundant 1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wattson NV stepped down as director. NBB
- Antoon Soete stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9,335. Source: NBB ↗
- Antoon Soete became a director. NBB
- Wattson NV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Gent. KBO
In short
From € 2,310 loss in 2022 to € 9,335 loss in 2025.
Management
The stake of WATTSON, Geert Palmers, LUC DE GHESELLE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Make Oil Fields Redundant 1The shares are held by WATTSON (100%), Geert Palmers (20.5%) and LUC DE GHESELLE (10.9%).
Directors
According to the 2025 annual accounts
Director · represented by Stijn DE ROO
Also active at: Local Energy Saving Solutions 1, LOCAL ENERGY SAVING SOLUTIONS 2, LOCAL ENERGY SAVING SOLUTIONS 3, LOCAL ENERGY SAVING SOLUTIONS 4, Local Energy Saving Solutions 5
since 2024 · until 2030
Antoon Soete
Director
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
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 87 companies are registered at this address.
All companies at this address →Good Life Canal
€ 647,891 gross margin · 2025
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€ 522,908 gross margin · 2025
Revive World
€ 2.9 million revenue · 2025
MOOVLY
€ 334,363 gross margin · 2023
+82 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
- 0827.022.691
- VAT number
- BE 0827.022.691
- Registered office
- Nieuwewandeling 62 bus 18, 9000 Gent
- Names & denominations
- Make Oil Fields Redundant 1 · MORE1
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2010
- Peppol
- Active · Active since 31 Aug 2023
- Activities · NACE
Markt- en opinieonderzoek
Productie van elektriciteit uit niet-hernieuwbare bronnen