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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WATCH LOUNGE from Ukkel, company number BE0867847617, closed financial year 2025 with a result of € -279,383 after tax. For that financial year WATCH LOUNGE recorded a gross margin of € 316,659 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -27,091 to € -279,383. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 1.4 million
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -279,383
▼ 931 % more loss than in 2024
Profit after tax over the fiscal year.
€ 16,653
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 935,225.
People and assets in 2025
€ 447,119
▲ 17% 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.
€ 486
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 4% vs 2024
€ 143,286 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 835,515
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 150,259
▼ 45% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 441,988 | € 615,438 | € 527,719 | € 316,659 | ▼ 40% |
| Profit after taxes | € 38,600 | € -2,003 | € -27,091 | € -279,383 | ▼ € 252,292 |
| Equity | € 1,682,558 | € 1,680,555 | € 1,653,465 | € 1,374,082 | ▼ 17% |
| Total debts | € 2,137,953 | € 2,230,450 | € 2,062,321 | € 2,238,545 | ▲ 9% |
| Cash | € 8,164 | € 9,852 | € 16,097 | € 16,653 | ▲ 3% |
| Land & buildings | € 1,303,170 | € 1,245,360 | € 1,187,549 | € 1,129,738 | ▼ 5% |
| Retained profit | € 1,243,701 | € 1,241,698 | € 1,214,607 | € 935,225 | ▼ 23% |
| Bank debt | € 1,200,000 | € 1,160,902 | € 1,120,456 | € 1,078,613 | ▼ 4% |
| Balance sheet total | € 3,820,512 | € 3,911,005 | € 3,715,785 | € 3,612,627 | ▼ 3% |
| Employees (FTE) | 6.7 | - | - | - |
Key figures of WATCH LOUNGE, 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 WATCH LOUNGE?
What happened at WATCH LOUNGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Didier VERTESSEN stepped down as director. NBB
- NATHALIE FRANSSEN stepped down as director. NBB
- Umberto MIELE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 279,383. filed late Source: NBB ↗
- Didier VERTESSEN became a director. NBB
- New establishment in Ottignies-Louvain-la-Neuve. KBO
- NATHALIE FRANSSEN became a director. NBB
- Umberto MIELE became a director. NBB
In short
From € 38,600 profit in 2022 to € 279,383 loss in 2025.
Paid € 161,092 in corporate taxes since 2022.
Best year ever: 2022, with € 38,600 profit.
On average € 66,000 of value added per employee in 2022.
Management
Directors
According to the 2025 annual accounts
since 2010 · until 2028
NATHALIE FRANSSEN
Director
since 2004 · until 2028
Umberto MIELE
Managing director
since 2004 · until 2028
Establishments
Establishment units
Physical locations of this company
Sint-Pietersvoorplein 14
1180 Ukkel
Place de l'Accueil 10 box 96
1348 Ottignies-Louvain-la-Neuve
Active since 26 November 2005
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
- 0867.847.617
- VAT number
- BE 0867.847.617
- Registered office
- Sint-Pietersvoorplein 14, 1180 Ukkel
- Names & denominations
- WATCH LOUNGE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 2004
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
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