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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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Annual account missing NBB
Fiscal year 2024 was expected before 28 September 2024 and has not been filed.
Financials
Financial year 2023
Wattco from Zedelgem, company number BE0832942859, closed financial year 2023 with a result of € 370,189 after tax. For that financial year Wattco recorded a gross margin of € 611,804 and equity of € 1.5 million. Compared with financial year 2022, the result moved from € 515,849 to € 370,189. The company is profitable. 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 September 29, 2023.
€ 1.5 million
▲ 32% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 370,189
▼ 28% vs 2022
Profit after tax over the fiscal year.
€ 756,834
▼ 9% vs 2022
Cash and bank balances on the last day of the fiscal year.
€ 14,499 paid out
4 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2023
€ 28,021
▲ 141% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 1.8 million
▲ 104% vs 2022
€ 132,939 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 31,650
▲ 207% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 3,626
▼ 3% vs 2022
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Gross margin | € 815,057 | € 611,804 | ▼ 25% |
| Profit after taxes | € 515,849 | € 370,189 | ▼ 28% |
| Equity | € 1,111,638 | € 1,467,329 | ▲ 32% |
| Total debts | € 1,064,420 | € 1,921,745 | ▲ 81% |
| Cash | € 835,729 | € 756,834 | ▼ 9% |
| Land & buildings | € 1,151,204 | € 2,223,214 | ▲ 93% |
| Retained profit | € 1,093,038 | € 1,448,729 | ▲ 33% |
| Dividend | € 800 | € 14,499 | ▲ € 13,699 |
| Bank debt | € 886,532 | € 1,807,376 | ▲ 104% |
| Balance sheet total | € 2,187,449 | € 3,399,326 | ▲ 55% |
Key figures of Wattco, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 28 September 2024.
What happened to Wattco?
What happened at Wattco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: profit of € 370,189 (▼ 28% vs 2022). filed late Source: NBB ↗
- New establishment in Zedelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 515,849 profit in 2022 to € 370,189 profit in 2023.
Paid € 284,535 in corporate taxes since 2022.
Best year ever: 2022, with € 515,849 profit.
Paid out € 15,299 in dividends to the owners in total.
Management
Behind Wattco is Thomas Watteyne. It owns 49.8% of Immovert and 49.8% of Belivert itself.
Establishments
Establishment units
Physical locations of this company
Vijvers 19
8210 Zedelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0832.942.859
- VAT number
- BE 0832.942.859
- Registered office
- Vijvers 19, 8210 Zedelgem
- Names & denominations
- Wattco
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 17 January 2011
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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