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 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WATTEYNE from Ieper, company number BE0871087912, closed financial year 2025 with a result of € 22,770 after tax. For that financial year WATTEYNE recorded a gross margin of € 680,466 and equity of € 503,534. Compared with financial year 2024, the result moved from € 57,519 to € 22,770. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 28, 2025.
€ 503,534
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,770
▼ 60% vs 2024
Profit after tax over the fiscal year.
€ 129,854
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 44,929 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
5
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 231,029
▲ 18% vs 2024
€ 46,200 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.
€ 538,307
▲ 5% vs 2024
Of which on lease € 19,800.
Debts at end 2025
€ 1.5 million
▲ 2% vs 2024
€ 332,871 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 71,477
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,137
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 577,130 | € 525,906 | € 641,672 | € 680,466 | ▲ 6% |
| Profit after taxes | € 104,668 | € 25,324 | € 57,519 | € 22,770 | ▼ 60% |
| Equity | € 442,850 | € 468,174 | € 525,693 | € 503,534 | ▼ 4% |
| Total debts | € 1,635,686 | € 1,939,376 | € 1,638,730 | € 1,626,175 | ▼ 1% |
| Cash | € 55,309 | € 50,488 | € 144,259 | € 129,854 | ▼ 10% |
| Land & buildings | € 488,016 | € 459,658 | € 413,357 | € 367,452 | ▼ 11% |
| Retained profit | € 367,850 | € 393,174 | € 450,693 | € 428,534 | ▼ 5% |
| Dividend | € 0 | € 0 | € 0 | € 44,929 | |
| Bank debt | € 1,552,190 | € 1,759,072 | € 1,434,188 | € 1,458,675 | ▲ 2% |
| Balance sheet total | € 2,084,061 | € 2,412,475 | € 2,168,748 | € 2,133,434 | ▼ 2% |
| Employees (FTE) | 3 | 3.5 | 4.2 | 5 | ▲ 0.8 |
Key figures of WATTEYNE, 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 October 2026.
What happened to WATTEYNE?
What happened at WATTEYNE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,770 (▼ 60% vs 2024). filed late Source: NBB ↗
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 104,668 profit in 2022 to € 22,770 profit in 2025.
Paid € 26,487 in corporate taxes since 2022.
Best year ever: 2022, with € 104,668 profit.
On average € 136,100 of value added per employee in 2025.
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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
Behind WATTEYNE are Toon Watteyne and Ann Vandenbroucke. Toon Watteyne is also behind WATTEYNE DELPORTE.
Directors
According to the 2025 annual accounts
Ann Vandenbroucke
Director
Establishments
Establishment units
Physical locations of this company
Brugseweg 288
8900 Ieper
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0871.087.912
- VAT number
- BE 0871.087.912
- Registered office
- Brugseweg 288, 8900 Ieper
- Names & denominations
- WATTEYNE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2005
- Peppol
- Active · Active since 6 Feb 2025
- Activities · NACE
Ondersteunende activiteiten in verband met de teelt van gewassen
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken
Bouwrijp maken van terreinen
Grondverzet