Financials
Financial year 2025
De Watervogel from Ravels, company number BE0899398252, closed financial year 2025 with a result of € 804,832 after tax. For that financial year De Watervogel recorded a gross margin of € -24,448 and equity of € 23.9 million. Compared with financial year 2024, the result moved from € 23 million to € 804,832. 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 July 21, 2026.
€ 23.9 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 804,832
▼ 97% vs 2024
Profit after tax over the fiscal year.
€ 10.2 million
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -29.4 million.
People and assets in 2025
0
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 230
▼ € 88,963 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
€ 15.8 million
▼ 39% vs 2024
Loans from banks and other lenders, long and short.
€ 2,518
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 337,717
▼ 3% 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 | |
|---|---|---|---|---|---|
| Revenue | € 85,000 | € 100,000 | € 100,000 | - | |
| Gross margin | - | - | - | € -24,448 | |
| Profit after taxes | € -10,683 | € 2,344,354 | € 23,038,374 | € 804,832 | ▼ 97% |
| Equity | € 38,954,644 | € 41,298,998 | € 23,108,921 | € 23,913,753 | ▲ 3% |
| Total debts | € 5,133,553 | € 8,043,831 | € 27,126,628 | € 16,365,141 | ▼ 40% |
| Cash | € 4,130,139 | € 5,729,640 | € 9,746,613 | € 10,150,792 | ▲ 4% |
| Retained profit | € -55,557,507 | € -53,213,153 | € -30,174,779 | € -29,369,947 | ▲ € 804,832 |
| Bank debt | € 0 | € 4,000,000 | € 25,800,000 | € 15,800,000 | ▼ 39% |
| Balance sheet total | € 44,088,197 | € 49,342,830 | € 50,235,549 | € 40,278,894 | ▼ 20% |
| Employees (FTE) | 0.9 | 1 | 1 | 0 | ▼ 1 |
Key figures of De Watervogel, 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 De Watervogel?
What happened at De Watervogel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 804,832 (▼ 97% vs 2024). Source: NBB ↗
- New establishment in Ravels. KBO
- Gerardus H.F.J.M. Pellikaan became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,683 loss in 2022 to € 804,832 profit in 2025.
Paid € 613,189 in corporate taxes since 2022.
Best year ever: 2024, with € 23 million profit.
Management
Behind De Watervogel is Gerardus H.F.J.M. Pellikaan. Gerardus H.F.J.M. Pellikaan is also behind Pellikaan Bouwbedrijf and PELLIKAAN HOLDING BELGIE.
Directors
According to the 2025 annual accounts
Gerardus H.F.J.M. Pellikaan
Director
Also active at: Pellikaan Bouwbedrijf, PELLIKAAN HOLDING BELGIE
since 2008
Establishments
Establishment units
Physical locations of this company
De Meerkens 18
2382 Ravels
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0899.398.252
- VAT number
- BE 0899.398.252
- Registered office
- De Meerkens 18, 2382 Ravels
- Names & denominations
- De Watervogel
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 July 2008
- Peppol
- Active · Active since 26 May 2025
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