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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
45 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
D-Watt from Hasselt, company number BE1002715031, closed financial year 2025 with a result of € -65,131 after tax. For that financial year D-Watt recorded revenue of € 8.9 million and equity of € 13,459. Compared with financial year 2024, the result moved from € 17,091 to € -65,131. The company made a loss. The buffer shrank hard: equity is 83 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 13,459
▼ 83% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,131
▼ still € 17,091 profit in 2024
Profit after tax over the fiscal year.
€ 1.8 million
▲ 220% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -48,041.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.5 million
▲ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 144 days on average.
€ 5,873
▼ 8% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 3,587,660 | € 8,943,461 | ▲ 149% |
| Profit after taxes | € 17,091 | € -65,131 | ▼ € 82,222 |
| Equity | € 78,591 | € 13,459 | ▼ 83% |
| Total debts | € 2,406,963 | € 3,570,501 | ▲ 48% |
| Cash | € 572,799 | € 1,834,403 | ▲ 220% |
| Retained profit | € 17,091 | € -48,041 | ▼ € 65,131 |
| Bank debt | € 51,000 | € 0 | ▼ 100% |
| Balance sheet total | € 2,485,554 | € 3,583,960 | ▲ 44% |
Key figures of D-Watt, fiscal years 2024 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 D-Watt?
What happened at D-Watt in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Roover BV stepped down as director. NBB
- Desquin BV stepped down as director. NBB
- TDevelopment BV stepped down as director. NBB
- The Energy Circle BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 65,131 (▼ € 82,222 vs 2024). Source: NBB ↗
- The Energy Circle BV became a director. NBB
- Start of the company according to the CBE. KBO
- Roover BV became a director. NBB
In short
From € 17,091 profit in 2024 to € 65,131 loss in 2025.
Paid € 6,402 in corporate taxes since 2024.
Best year ever: 2024, with € 17,091 profit.
Pays suppliers within 144 days on average.
Management
The stake of Demtec Services comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
D-WattThe shares are held by The Energy Circle NV (50%), Wattson NV (50%) and Demtec Services (50%).
Directors
According to the 2025 annual accounts
Director · represented by Stefaan Quinart
since 2023 · until 2029
Director · represented by Demot Thibaud
Also active at: VANDENBRIELE, A.E.W., DEHOLI, HERK&RED, CIRIL, DEMOCO, DEMOCO GROUP, AEW Security +7 more
since 2023 · until 2029
Director · represented by Sophie Hayen
Also active at: AEW Security, AURORA SERVICES
since 2024 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Herkenrodesingel 4B
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 45 companies are registered at this address.
All companies at this address →Craeyenhof
HERK&RED same network
€ 1.7 million revenue · 2025
CIRIL same network
€ 22 million revenue · 2025
DEMOCO same network
€ 188.3 million revenue · 2025
DOK DEVELOPMENT
€ 687,000 revenue · 2025
+40 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1002.715.031
- VAT number
- BE 1002.715.031
- Registered office
- Herkenrodesingel 4B, 3500 Hasselt
- Names & denominations
- D-Watt
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 2023
- Peppol
- Active · Active since 8 Jul 2025
- Activities · NACE
Algemene elektrotechnische installatiewerken
Overige bouwinstallatie
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Overige bouwinstallatie, n.e.g.