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 32 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 14 to 11.7.
Financials
Financial year 2025
WATERTECHNIEK TEUNISSEN from Hasselt, company number BE0894795504, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year WATERTECHNIEK TEUNISSEN recorded revenue of € 5.4 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 312,835 to € 1.3 million. Profitable, and profit is growing. 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 May 19, 2026.
€ 1.5 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ € 964,995 vs 2024
Profit after tax over the fiscal year.
€ 350,500
▲ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
11.7
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 704,577
▼ 3% vs 2024
€ 60,200 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.
€ 37,743
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 58,390
▼ 23% vs 2024
€ 8,854 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 775,253
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 80,928
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 4,848,962 | € 4,542,995 | € 5,355,108 | ▲ 18% |
| Gross margin | € 1,611,363 | - | - | - | |
| Profit after taxes | € 673,319 | € 423,048 | € 312,835 | € 1,277,830 | ▲ € 964,995 |
| Equity | € 3,004,837 | € 3,427,885 | € 1,740,720 | € 1,518,550 | ▼ 13% |
| Total debts | € 1,095,408 | € 814,917 | € 1,026,656 | € 2,420,854 | ▲ 136% |
| Cash | € 179,130 | € 198,525 | € 231,243 | € 350,500 | ▲ 52% |
| Land & buildings | € 100,000 | € 100,000 | € 100,000 | € 100,000 | |
| Retained profit | € 2,942,837 | € 3,365,885 | € 1,678,720 | € 1,456,550 | ▼ 13% |
| Dividend | € 0 | € 0 | € 2,000,000 | € 1,500,000 | ▼ 25% |
| Bank debt | € 371,491 | € 104,110 | € 76,026 | € 58,390 | ▼ 23% |
| Balance sheet total | € 4,100,245 | € 4,242,802 | € 2,767,376 | € 3,939,404 | ▲ 42% |
| Employees (FTE) | 13.8 | 14 | 12.3 | 11.7 | ▼ 0.6 |
Key figures of WATERTECHNIEK TEUNISSEN, 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 WATERTECHNIEK TEUNISSEN?
What happened at WATERTECHNIEK TEUNISSEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ € 964,995 vs 2024). Source: NBB ↗
- Erwin Cuppens became a director. NBB
- Patricia Palmans became a director. NBB
- Reinier Theodorus Teunissen became a director. NBB
- New establishment in Pelt. KBO
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 673,319 profit in 2022 to € 1.3 million profit in 2025.
Paid € 452,033 in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
On average € 116,800 of value added per employee in 2022.
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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 WATERTECHNIEK TEUNISSEN are Erwin Cuppens, Patricia Palmans and Reinier Theodorus Teunissen. The shares are held by Water Is Life Group (100%). It owns 100% of Triple-X itself.
Directors
According to the 2025 annual accounts
Erwin Cuppens
Director
since 2023
Patricia Palmans
Director
Also active at: TRIPLE X, PARECO Real Estate & Consultancy, AQUAMASTER EUROPE, Palmans@dmin, Saer BeNeLux, Immo Hoge Mauw Arendonk
since 2023
since 2023
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Kiewitstraat 165
3500 Hasselt
Leo Baekelandlaan 5209
3900 Pelt
Active since 1 January 2010
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
- 0894.795.504
- VAT number
- BE 0894.795.504
- Registered office
- Kiewitstraat 165, 3500 Hasselt
- Names & denominations
- WATERTECHNIEK TEUNISSEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2008
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Sanitaire werkzaamheden
Bouw van rioleringen
Bouwrijp maken van terreinen
Groothandel in pompen en compressoren
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Detailhandel in sanitaire artikelen en sanitair installatiemateriaal