Financials
Financial year 2025
WATSEC from Waterloo, company number BE0894756407, closed financial year 2025 with a result of € 871 after tax. For that financial year WATSEC recorded a gross margin of € 137,520 and equity of € 74,835. Compared with financial year 2024, the result moved from € 15,152 to € 871. 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 August 19, 2026.
€ 74,835
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 871
▼ 94% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 56,235.
People and assets in 2025
€ 104,588
▼ 1% 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.
Debts at end 2025
€ 12,172
Loans from banks and other lenders, long and short.
€ 9,932
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,208
▼ 48% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 188,776 | € 147,707 | € 165,345 | € 137,520 | ▼ 17% |
| Profit after taxes | € 54,299 | € 7,417 | € 15,152 | € 871 | ▼ 94% |
| Equity | € 51,395 | € 58,812 | € 73,964 | € 74,835 | ▲ 1% |
| Total debts | € 146,599 | € 113,067 | € 78,669 | € 37,796 | ▼ 52% |
| Cash | € 13,549 | € 37,855 | € 4,867 | - | |
| Retained profit | € 32,795 | € 40,212 | € 55,364 | € 56,235 | ▲ 2% |
| Bank debt | € 29,167 | € 726 | € 0 | € 12,172 | |
| Balance sheet total | € 197,994 | € 171,879 | € 152,633 | € 112,631 | ▼ 26% |
| Employees (FTE) | 2.9 | 3.3 | 3.2 | - |
Key figures of WATSEC, 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 WATSEC?
What happened at WATSEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 871 (▼ 94% vs 2024). filed late Source: NBB ↗
- BENJAMIN HENDRICK became a director. NBB
- New establishment in Oudergem. KBO
- New establishment in Waterloo. KBO
- CHARLES TOBY became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 54,299 profit in 2022 to € 871 profit in 2025.
Paid € 18,603 in corporate taxes since 2022.
Best year ever: 2022, with € 54,299 profit.
On average € 51,700 of value added per employee in 2024.
Management
Behind WATSEC are BENJAMIN HENDRICK and CHARLES TOBY. CHARLES TOBY is also behind LES GRANDES TEINTURERIES ASSOCIEES.
Directors
According to the 2025 annual accounts
BENJAMIN HENDRICK
Director
since 2025
since 2016
Establishments
Establishment units
Physical locations of this company
Drève Richelle 14
1410 Waterloo
Vorstlaan 240 box 13
1160 Oudergem
Active since 13 December 2016
Chaussée de Bruxelles 299
1410 Waterloo
Active since 13 December 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0894.756.407
- VAT number
- BE 0894.756.407
- Registered office
- Drève Richelle 14, 1410 Waterloo
- Names & denominations
- WATSEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2008
- Peppol
- Active · Active since 24 Jan 2026
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