Financials
Financial year 2025
WATTEC from Kruisem, company number BE0891574015, closed financial year 2025 with a result of € 624,641 after tax. For that financial year WATTEC recorded a gross margin of € 1 million and equity of € 639,966. Compared with financial year 2024, the result moved from € 732,147 to € 624,641. 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 April 9, 2026.
€ 639,966
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 624,641
▼ 15% vs 2024
Profit after tax over the fiscal year.
€ 989,848
▲ 127% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 550,000 paid out
88 % of the profit went to the shareholders, mostly to Sophia Holding & Management (100 % of the shares). That is where the money ends up.
People and assets in 2025
5.3
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 246,439
▼ 4% vs 2024
€ 46,500 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 354,713
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,303
▲ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 471,063 | € 548,900 | € 1,146,007 | € 1,046,032 | ▼ 9% |
| Profit after taxes | € 105,721 | € 284,271 | € 732,147 | € 624,641 | ▼ 15% |
| Equity | € 678,907 | € 563,179 | € 565,326 | € 639,966 | ▲ 13% |
| Total debts | € 828,890 | € 774,405 | € 1,310,469 | € 993,929 | ▼ 24% |
| Cash | € 185,026 | € 586,444 | € 436,138 | € 989,848 | ▲ 127% |
| Retained profit | € 528,907 | € 413,179 | € 415,326 | € 489,966 | ▲ 18% |
| Dividend | € 100,000 | € 400,000 | € 730,000 | € 550,000 | ▼ 25% |
| Balance sheet total | € 1,507,797 | € 1,337,584 | € 1,875,795 | € 1,633,896 | ▼ 13% |
| Employees (FTE) | 6.5 | 4.8 | 5.8 | 5.3 | ▼ 0.5 |
By gross margin, WATTEC ranks 13th of 62 companies with main activity “Vervaardiging van hydraulische en pneumatische apparatuur” in East Flanders that publish figures (fiscal year 2025).
Key figures of WATTEC, 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 April 2027.
Ask about WATTEC the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to WATTEC?
What happened at WATTEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 624,641 (▼ 15% vs 2024). Source: NBB ↗
- MO SOLUTIONS BV became a director. NBB
- SOPHIA HOLDING & MANAGEMENT BV became a director. NBB
- ALAIN CORVELYN became a director. NBB
- SOPHIE VERMAUT became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Kruisem. KBO
In short
From € 105,721 profit in 2022 to € 624,641 profit in 2025.
Paid € 443,064 in corporate taxes since 2022.
Best year ever: 2024, with € 732,147 profit.
On average € 197,400 of value added per employee in 2025.
Management
The stake of Sophia Holding & Management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WATTECBehind WATTEC are ALAIN CORVELYN, MO SOLUTIONS BV, SOPHIA HOLDING & MANAGEMENT BV and SOPHIE VERMAUT. The shares are held by Sophia Holding & Management (100%).
Directors
According to the 2025 annual accounts
ALAIN CORVELYN
Director
since 2022
Director · represented by OLIVIER MATTHYS
since 2023
SOPHIA HOLDING & MANAGEMENT BV
Managing director · represented by FRANK MATTHYS
since 2023
since 2022
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Deinse Baan 12
9750 Kruisem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- MESTDAGH Antoon Albert Gabriel Maria(oprichter) 73%
- MESTDAGH Johan James Diane(oprichter) 22%
- VAN HOOREBEKE Kristof Bertha Leon(oprichter) 5%
Details
- Company number
- 0891.574.015
- VAT number
- BE 0891.574.015
- Registered office
- Deinse Baan 12, 9750 Kruisem
- Names & denominations
- WATTEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 August 2007
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Vervaardiging van hydraulische en pneumatische apparatuur
Elektrische installatie
Vervaardiging van kunststoffen in primaire vormen
Algemene elektrotechnische installatiewerken
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden