ETS WATTIAUX

Active

Public limited companyfounded 1986active for 40 yearsAvenue de Maire(TOU) 131, 7500 Tournai, BelgiumKBO/BCE: BE 0428.712.284

Summary

ETS WATTIAUX has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €75,612. Equity is shrinking by about 4.4% per year across the filed financial years. Its solvency ranks better than 21% of 5,034 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Risk analysisFollow Report Compare

ETS WATTIAUXActiveChecked score 64/100

Risk analysis Report Compare

Activity

Retail trade

NACE 47783Wholesale trade NACE 46833

4th largest employer in Tournai, Wholesale and retail trade sector8 sites

Size

€16.2mturnover 2025

Staff: 51.7 FTE
Equity: €1.0m
Profit: €75,612

Financial health

64 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.3%

Structure

Philippe WATTIAUXDirector
Sylvie NOUNCKELEDirector
Thomas WATTIAUXManaging director

Auditor: AVISOR SRL2025 accounts 9 days early3 of 11 deeds summarised

Why 64raises riskEquity €1.0m (10.6% of total assets)Liquidity: current ratio 0.99, cash €113,966Size: turnover €16.2m, 51.7 FTE, total assets €9.9mSector: Retail trade (NACE 47)Show the evidence

Checked score

Score 2025

64 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 36% of its sector peers (NACE 47, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 36+1

equity 10.6% of total assets

Liquidity 21+1

short-term debt 59.2% · cash 1.2%

Profitability 52+17

return on assets 0.8%

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (385 companies, NACE 47, medium-sized)

Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 1.7%▼ -0.1 percentage points vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 2.1%▲ +0.4 percentage points vs 06-2025 08-2025: 2.7%▲ +0.6 percentage points vs 07-2025highest value 09-2025: 1.9%▼ -0.8 percentage points vs 08-2025 10-2025: 1.9%● unchanged vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 1.9%● unchanged vs 02-2026 04-2026: 1.9%● unchanged vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 1.9%● unchanged vs 05-2026 07-2026: 1.9%● unchanged vs 06-2026 08-2026: 1.3%▼ -0.6 percentage points vs 07-2026lowest value 09-2026: 1.3%● unchanged vs 08-2026lowest value 10-2026: 1.3%● unchanged vs 09-2026lowest value

Credit of up to €65,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.99, compared with 0.9 in 2024, below 1; short-term debt: 59.2% and cash: 1.2% of total assets), and 89.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized): better than 27% on solvency, 25% on liquidity, 40% on profitability and 54% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises riskneutral

Equity €1.0m (10.6% of total assets)

NBB · annual accounts

Liquidity: current ratio 0.99, cash €113,966

NBB · annual accounts

Size: turnover €16.2m, 51.7 FTE, total assets €9.9m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Retail trade (NACE 47)

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 5034 sector peers (2025).

NBB · sector comparison

Position among 5034 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

9 days early

2024

29 days late

2023

29 days late

2022

31 days late

2021

30 days late

2020

33 days early

2019

31 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 15 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

22-07-2026 Annual accounts filedfinancial year 2025 · full…
02-07-2026 Reappointment: AVISOR SRL (statutory auditor)Permanent representative: Dorothée HURTEUX
31-12-2025 Back to profitnet €75,612

Key points

Positive: Back in profit in 2025after -€229,672 in 2024 €75,612 View
Positive: 4th largest employer in Tournai, Wholesale and retail trade sectorin the Checked rankings No. 4 View
Active since 1986founded 27-03-1986 40 years View

By topic

Financials

Financial year: 2025
Turnover: €16.2m
Profit: €75,612
Solvency: 10.6%

Turnover▲ 4.2%

Net result

20182025

Go to Financials

Board & ownership

Board: 3 members
Auditor: AVISOR SRL

Philippe WATTIAUXDirector
Sylvie NOUNCKELEDirector
Thomas WATTIAUXManaging director

Go to Board & ownership

Timeline

Events: 44
Since: 1987
Next accounts: by 31-07-2027

29-08-2025Annual accounts filed
31-12-2024Weakest financial year
29-08-2024Annual accounts filed

Go to Timeline

Company details

Sites: 8

Legal form: Public limited company
Activity: Retail tradeNACE 47783
Founded: 27-03-1986
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 12

Annual meeting: First Saturday of June at 18:00
Purpose: “Rideaux,voilages,lambrequins et tentures; Stores,volets et protections solaires(manuels ou…” (deed in French)

Go to Articles of association

Key facts about ETS WATTIAUX

What is the company number of ETS WATTIAUX?: 0428.712.284. In Belgium the VAT number is the company number with BE in front: BE 0428.712.284.
Where is ETS WATTIAUX based?: The registered office is at Avenue de Maire(TOU) 131, 7500 Tournai.Company details
What does ETS WATTIAUX do?: According to the KBO register, the main activity is retail trade (NACE 47783).
What is the legal form of ETS WATTIAUX?: Public limited company (NV).
When was ETS WATTIAUX founded?: On 27-03-1986.
Is ETS WATTIAUX still active?: Yes, ETS WATTIAUX is an active enterprise in the KBO register.
How many employees does ETS WATTIAUX have?: On average 51.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ETS WATTIAUX?: €16.2m in financial year 2025, according to the filed annual accounts.
Is ETS WATTIAUX profitable?: In financial year 2025, ETS WATTIAUX made a profit of €75,612.
Where can I find the annual accounts of ETS WATTIAUX?: ETS WATTIAUX filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ETS WATTIAUX due?: By 31-07-2027, for financial year 2026.Timeline

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Overview

Checked score

Signals

Key points

By topic

Financials

Board & ownership

Timeline

Company details

Articles of association

Key facts about ETS WATTIAUX

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