WATCOM
Annual accounts 2025
micro format, filed on 26-07-2026, 5 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €83,000 and €430,000.
Balance sheet
balance sheet total €138,234 on 31-12-2025in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
138,234 | 134,299 | 152,838 | 150,475 | 184,480 | 177,049 | 257,014 | 256,888 | 311,706 | 294,587 | 333,323 | 332,461 | 422,503 | 428,972 | 462,906 | 433,851 | 420,200 | 398,373 | 370,259 | 391,599 | |
20 |
4,058 | 4,058 | 4,058 | 4,058 | 4,058 | 4,058 | 8,099 | 8,099 | 8,099 | 8,099 | 8,099 | 8,099 | 8,099 | 8,099 | 8,099 | 8,099 | 8,099 | 4,058 | 4,058 | 7,305 | |
21/28 |
63,835 | 71,981 | 80,354 | 61,358 | 64,773 | 68,618 | 172,281 | 189,596 | 209,860 | 211,533 | 235,394 | 250,777 | 251,847 | 271,297 | 297,522 | 298,640 | 307,769 | 181,656 | 192,574 | 215,797 | |
22/27 |
63,541 | 71,688 | 80,061 | 61,064 | 64,480 | 68,324 | 171,988 | 189,302 | 209,567 | 211,240 | 227,002 | 242,385 | 243,455 | 262,905 | 289,130 | 290,248 | 299,377 | 177,304 | 188,223 | 208,199 | |
22 |
51,901 | 54,681 | 57,462 | 60,242 | 63,022 | 65,803 | 167,943 | 173,964 | 179,984 | 186,004 | 192,025 | 198,045 | 204,066 | 210,086 | 216,106 | 222,127 | 228,147 | 99,168 | 101,948 | 104,728 | |
23 |
- | 22 | 270 | 822 | 1,457 | 2,166 | 3,333 | 7,460 | 12,772 | 16,182 | 21,398 | 25,749 | 30,402 | 38,766 | 53,575 | 65,328 | 63,794 | 50,123 | 61,727 | 71,895 | |
24 |
11,641 | 16,985 | 22,329 | - | - | 356 | 712 | 7,878 | 16,811 | 9,053 | 13,579 | 18,591 | 8,988 | 14,053 | 19,448 | 2,793 | 7,435 | 14,514 | 24,547 | 31,576 | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,500 | - | - | |
28 |
293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | 293 | |
29/58 |
70,341 | 58,259 | 68,426 | 85,059 | 115,648 | 104,373 | 76,634 | 59,194 | 93,747 | 74,956 | 97,929 | 81,683 | 170,656 | 157,674 | 165,384 | 135,211 | 112,432 | 216,717 | 177,685 | 175,802 | |
40/41 |
- | 2,038 | - | - | - | 3,377 | 15,267 | 49,039 | 54,824 | 60,837 | 53,890 | 54,634 | 54,439 | 54,684 | 99,182 | 67,494 | 71,763 | 78,730 | 73,555 | 86,174 | |
40 |
- | - | - | - | - | - | 11,725 | 49,039 | 47,061 | 50,057 | 53,890 | 54,634 | 54,332 | 53,069 | 99,182 | 67,494 | 70,582 | 78,730 | 73,490 | 83,174 | |
41 |
- | 2,038 | - | - | - | 3,377 | 3,542 | - | 7,763 | 10,781 | - | - | 107 | 1,615 | - | - | 1,181 | - | 65 | 3,000 | |
54/58 |
69,001 | 54,976 | 68,205 | 84,887 | 115,369 | 99,819 | 60,566 | 8,662 | 38,748 | 14,118 | 41,810 | 27,049 | 116,217 | 102,990 | 66,202 | 67,717 | 39,752 | 137,401 | 102,957 | 87,868 | |
490/1 |
1,340 | 1,246 | 221 | 172 | 280 | 1,177 | 801 | 1,492 | 175 | - | 2,229 | - | - | - | - | - | 917 | 587 | 1,173 | 1,760 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
138,234 | 134,299 | 152,838 | 150,475 | 184,480 | 177,049 | 257,014 | 256,888 | 311,706 | 294,587 | 333,323 | 332,461 | 422,503 | 428,972 | 462,906 | 433,851 | 420,200 | 398,373 | 370,259 | 391,599 | |
10/15 |
110,753 | 122,695 | 115,923 | 131,463 | 137,861 | 131,293 | 88,791 | 73,886 | 48,975 | 266,428 | 275,089 | 276,706 | 273,594 | 322,792 | 313,381 | 286,711 | 266,383 | 271,718 | 243,668 | 230,974 | |
10/11 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
65,175 | 77,117 | 70,346 | 85,885 | 92,284 | 85,716 | 66,498 | 67,281 | 42,371 | 29,824 | 30,607 | 31,389 | 32,172 | 32,955 | 33,738 | 34,521 | 35,303 | 36,086 | 36,869 | 37,651 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
8,090 | 8,873 | 9,656 | 10,438 | 11,221 | 12,004 | 64,639 | 26,399 | 27,182 | 27,965 | 28,747 | 29,530 | 30,313 | 31,096 | 31,879 | 32,661 | 33,444 | 34,227 | 35,010 | 35,792 | |
133 |
55,226 | 66,385 | 58,831 | 73,588 | 79,203 | 71,852 | - | 39,023 | 13,330 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
39,380 | 39,380 | 39,380 | 39,380 | 39,380 | 39,380 | 16,096 | 407 | 407 | 230,407 | 238,285 | 239,119 | 235,225 | 283,639 | 273,446 | 245,993 | 224,883 | 229,435 | 200,601 | 187,126 | |
16 |
3,760 | 4,124 | 4,488 | 4,852 | 5,216 | 5,580 | 5,944 | 6,308 | 6,672 | 7,036 | 7,400 | 7,764 | 8,127 | 8,491 | 8,855 | 9,219 | 9,583 | 9,947 | 10,311 | 10,675 | |
168 |
3,760 | 4,124 | 4,488 | 4,852 | 5,216 | 5,580 | 5,944 | 6,308 | 6,672 | 7,036 | 7,400 | 7,764 | 8,127 | 8,491 | 8,855 | 9,219 | 9,583 | 9,947 | 10,311 | 10,675 | |
17/49 |
23,721 | 7,480 | 32,427 | 14,160 | 41,403 | 40,176 | 162,280 | 176,695 | 256,059 | 21,123 | 50,835 | 47,991 | 140,781 | 97,688 | 140,669 | 137,921 | 144,234 | 116,708 | 116,280 | 149,950 | |
17 |
- | - | - | - | - | - | - | 5,171 | 7,447 | 2,753 | 13,422 | 23,561 | 33,196 | 50,464 | 72,510 | 93,444 | 113,323 | 57,556 | 74,155 | 91,253 | |
170/4 |
- | - | - | - | - | - | - | 5,171 | 7,447 | 2,753 | 13,422 | 23,561 | 33,196 | 50,464 | 72,510 | 93,444 | 113,323 | 57,556 | 74,155 | 91,253 | |
42/48 |
23,721 | 7,480 | 32,427 | 14,160 | 41,403 | 40,176 | 162,280 | 171,523 | 248,612 | 18,370 | 37,412 | 24,430 | 107,585 | 47,224 | 68,160 | 44,476 | 30,910 | 59,152 | 42,125 | 58,697 | |
42 |
- | - | - | - | - | - | - | 2,482 | 5,235 | 10,669 | 10,139 | 9,635 | 17,268 | 22,046 | 20,934 | 19,879 | 18,877 | 16,599 | 16,573 | 16,050 | |
44 |
2,367 | 462 | 100 | - | 790 | 1,232 | 1,228 | 3,337 | 3,092 | 3,358 | 3,949 | 34 | 2,269 | 1,667 | 10,824 | 388 | 517 | 6,085 | 4,362 | 5,210 | |
440/4 |
2,367 | 462 | 100 | - | 790 | 1,232 | 1,228 | 3,337 | 3,092 | 3,358 | 3,949 | 34 | 2,269 | 1,667 | 10,824 | 388 | 517 | 6,085 | 4,362 | 5,210 | |
46 |
- | - | - | - | - | - | 37 | 666 | 907 | 1,015 | 1,422 | - | - | - | - | - | - | - | - | - | |
45 |
2,497 | 4,316 | 4,470 | 9,844 | 24,104 | 19,600 | 3,451 | 6,062 | 9,377 | 3,327 | 5,055 | 7,499 | 10,756 | 14,401 | 16,279 | 2,740 | 1,400 | 17,412 | 11,921 | 12,915 | |
450/3 |
2,497 | 4,316 | 4,470 | 9,844 | 24,104 | 19,600 | 3,451 | 6,062 | 9,377 | 3,327 | 5,055 | 7,499 | 10,756 | 14,401 | 16,279 | 2,740 | 1,400 | 17,412 | 11,921 | 12,915 | |
47/48 |
18,857 | 2,702 | 27,857 | 4,316 | 16,509 | 19,344 | 157,564 | 158,976 | 230,000 | - | 16,847 | 7,262 | 77,292 | 9,110 | 20,122 | 21,469 | 10,116 | 19,055 | 9,268 | 24,522 | |
| Income statement | |||||||||||||||||||||
9900 |
23,756 | 23,542 | 27,757 | 18,526 | 18,839 | 71,699 | 38,780 | 63,886 | 48,988 | 12,544 | 19,895 | 24,909 | 52,051 | 47,118 | 68,139 | 55,572 | 47,963 | 68,391 | 53,408 | 60,790 | |
630 |
8,147 | 8,373 | 7,726 | 3,416 | 3,845 | 4,315 | 10,504 | 21,965 | 21,398 | 15,981 | 17,643 | 17,859 | 22,974 | 27,427 | 27,813 | 25,449 | 44,567 | 26,067 | 29,365 | 28,817 | |
631/4 |
- | - | - | - | - | - | - | - | - | 1,960 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
2,487 | 3,379 | 3,731 | 3,544 | 3,553 | 5,318 | 4,726 | 3,444 | 8,736 | 2,394 | 2,767 | 2,978 | 5,493 | 4,338 | 3,291 | 3,856 | 4,226 | 3,052 | 4,270 | 3,648 | |
9901 |
13,122 | 11,790 | 16,301 | 11,566 | 11,441 | 62,065 | 23,550 | 38,476 | 18,854 | -7,791 | -515 | 4,072 | 23,584 | 15,353 | 37,036 | 26,267 | -829 | 39,272 | 19,773 | 28,325 | |
75/76B |
2 | 15 | 3 | - | - | 1 | 171 | 1 | 793 | 120 | 374 | 785 | 1,000 | 680 | 1,140 | 930 | 2,665 | 2,973 | 1,371 | 819 | |
75 |
2 | 15 | 3 | - | - | 1 | 171 | 1 | 793 | 120 | 374 | 785 | 1,000 | 680 | 1,140 | 930 | 2,665 | 2,973 | 1,371 | 819 | |
65/66B |
140 | 266 | 329 | 278 | 311 | 328 | 698 | 435 | 731 | 1,311 | 1,820 | 2,314 | 3,443 | 6,078 | 5,596 | 6,694 | 7,460 | 5,976 | 5,339 | 5,857 | |
65 |
140 | 266 | 329 | 278 | 311 | 328 | 698 | 435 | 731 | 1,311 | 1,820 | 2,314 | 3,443 | 6,078 | 5,596 | 6,694 | 7,460 | 5,976 | 5,339 | 5,857 | |
9903 |
12,985 | 11,540 | 15,975 | 11,288 | 11,130 | 61,738 | 23,024 | 38,042 | 18,916 | -8,982 | -1,961 | 2,543 | 21,141 | 9,955 | 32,581 | 20,503 | -5,624 | 36,269 | 15,805 | 23,287 | |
780 |
364 | 364 | 364 | 364 | 364 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
5,291 | 5,132 | 6,186 | 4,720 | 4,925 | 19,600 | 8,482 | 13,496 | 6,733 | 43 | 21 | -205 | 4,022 | 908 | 6,274 | 539 | 75 | 8,583 | 3,476 | 5,900 | |
9904 |
8,058 | 6,771 | 10,153 | 6,932 | 6,568 | 42,502 | 14,906 | 24,910 | 12,547 | -8,660 | -1,617 | 3,112 | 17,483 | 9,411 | 26,670 | 20,328 | -5,335 | 28,050 | 12,693 | 17,751 | |
789 |
783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | 783 | |
9905 |
8,841 | 7,554 | 10,936 | 7,714 | 7,351 | 43,285 | 15,688 | 25,693 | 13,330 | -7,877 | -835 | 3,894 | 18,266 | 10,193 | 27,453 | 21,110 | -4,552 | 28,833 | 13,475 | 18,534 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
48,221 | 46,934 | 50,316 | 47,095 | 46,731 | 59,380 | 16,096 | 26,100 | 243,737 | 230,407 | 238,285 | 239,119 | 301,905 | 283,639 | 273,446 | 245,993 | 224,883 | 229,435 | 200,601 | 187,126 | |
14P |
39,380 | 39,380 | 39,380 | 39,380 | 39,380 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
20,000 | - | 25,693 | 13,330 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
8,841 | 7,554 | 10,936 | 7,714 | 7,351 | 20,000 | - | 25,693 | 13,330 | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | 7,554 | 10,936 | 7,714 | 7,351 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
8,841 | - | - | - | - | 20,000 | - | 25,693 | 13,330 | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
20,000 | - | 25,693 | 13,330 | - | - | - | - | 230,000 | - | - | - | 66,680 | - | - | - | - | - | - | - | |
694 |
20,000 | - | 25,693 | 13,330 | - | - | - | - | 230,000 | - | - | - | 66,680 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 20 older financial years (1986-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-07-2026 | 2026-00351649 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00219445 | |
| 31-12-2023 | micro format | 13-08-2024 | 2024-00344765 | |
| 31-12-2022 | micro format | 21-07-2023 | 2023-00285995 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20324082 | |
| 31-12-2020 | full format | 26-07-2021 | 2021-39900322 | |
| 31-12-2019 | full format | 28-07-2020 | 2020-35100313 | |
| 31-12-2018 | full format | 19-07-2019 | 2019-35000344 | |
| 31-12-2017 | full format | 13-07-2018 | 2018-33100132 | |
| 31-12-2016 | full format | 24-04-2017 | 2017-09800024 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-50900471 | |
| 31-12-2014 | full format | 20-08-2015 | 2015-44200098 | |
| 31-12-2013 | full format | 12-08-2014 | 2014-41400259 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-54200367 | |
| 31-12-2011 | full format | 30-07-2012 | 2012-35500310 | |
| 31-12-2010 | full format | 26-08-2011 | 2011-44900463 | |
| 31-12-2009 | full format | 30-08-2010 | 2010-48900217 | |
| 31-12-2008 | full format | 18-06-2009 | 2009-25200144 | |
| 31-12-2007 | full format | 04-07-2008 | 2008-36300023 | |
| 31-12-2006 | full format | 26-07-2007 | 2007-48200020 | |
| 31-12-2005 | full format | 07-07-2006 | 2006-43602078 | |
| 31-12-2004 | full format | 28-07-2005 | 2005-57000959 | |
| 31-12-2003 | full format | 07-07-2004 | 2004-42804240 | |
| 31-12-2002 | full format | 10-07-2003 | 2003-43600225 | |
| 31-12-2001 | full format | 10-07-2002 | 2002-37000862 | |
| 31-12-2000 | full format | 01-08-2001 | 2001-46801220 | |
| 31-12-1999 | full format | 12-07-2000 | 2000-40404845 | |
| 31-12-1998 | full format | 01-07-1999 | 1999-28204355 | |
| 31-12-1997 | full format | 02-07-1998 | 1998-28100998 | |
| 31-12-1996 | full format | 02-07-1997 | 1997-25801654 | |
| 31-12-1995 | full format | 02-07-1996 | 1996-29703226 | |
| 31-12-1994 | full format | 13-07-1995 | 1995-39901473 | |
| 31-12-1993 | full format | 07-07-1994 | 1994-27801380 | |
| 31-12-1992 | full format | 15-07-1993 | 1993-26801509 | |
| 31-12-1991 | full format | 13-07-1992 | 1992-21802037 | |
| 31-07-1990 | full format | 27-02-1991 | 1991-02100231 | |
| 31-07-1989 | full format | 03-10-1990 | 1990-25200280 | |
| 31-07-1988 | full format | 03-04-1989 | 1989-02301043 | |
| 31-07-1987 | full format | 03-04-1989 | 1989-02301035 | |
| 31-07-1986 | full format | 03-04-1989 | 1989-02301029 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21,269 | 20,163 | 24,026 | 14,982 | 15,285 | 66,380 | 34,054 | 60,441 | 40,252 | 8,190 | 17,129 | 21,931 | 46,558 | 42,780 | 64,848 | 51,716 | 43,738 | 65,339 | 49,138 | 57,142 | ||
| 16,204 | 15,144 | 17,879 | 10,347 | 10,413 | 46,817 | 25,410 | 46,876 | 33,945 | 7,320 | 16,026 | 20,971 | 40,457 | 36,837 | 54,483 | 45,777 | 39,232 | 54,118 | 42,058 | 46,568 | ||
| 0 | 0 | 26,722 | 0 | 0 | 399 | -6,810 | 1,701 | 19,726 | 218 | 2,260 | 24,716 | 3,524 | 1,202 | 26,694 | 16,320 | 163,977 | 15,149 | 7,780 | 21,567 | ||
| 14,025 | -13,229 | -16,682 | -30,482 | 15,550 | 39,254 | 51,904 | -30,087 | 24,630 | -27,692 | 14,761 | -89,168 | 13,227 | 36,788 | -1,515 | 27,965 | -97,649 | 34,444 | 15,089 | - | ||
| 46,620 | 50,779 | 35,999 | 70,899 | 74,245 | 64,197 | -85,645 | -112,330 | -154,865 | 56,585 | 60,516 | 57,254 | 63,071 | 110,450 | 97,224 | 90,734 | 81,521 | 157,566 | 135,560 | 117,105 | ||
| 80.1% | 91.4% | 75.8% | 87.4% | 74.7% | 74.2% | 34.5% | 28.8% | 15.7% | 90.4% | 82.5% | 83.2% | 64.8% | 75.2% | 67.7% | 66.1% | 63.4% | 68.2% | 65.8% | 59.0% | ||
| 2.97 | 7.79 | 2.11 | 6.01 | 2.79 | 2.60 | 0.47 | 0.35 | 0.38 | 4.08 | 2.62 | 3.34 | 1.59 | 3.34 | 2.43 | 3.04 | 3.64 | 3.66 | 4.22 | 3.00 | ||
| 0.21 | 0.06 | 0.28 | 0.11 | 0.30 | 0.31 | 1.83 | 2.39 | 5.23 | 0.08 | 0.18 | 0.17 | 0.51 | 0.30 | 0.45 | 0.48 | 0.54 | 0.43 | 0.48 | 0.65 | ||
| 7.3% | 5.5% | 8.8% | 5.3% | 4.8% | 32.4% | 16.8% | 33.7% | 25.6% | -3.3% | -0.6% | 1.1% | 6.4% | 2.9% | 8.5% | 7.1% | -2.0% | 10.3% | 5.2% | 7.7% | ||
| 5.8% | 5.0% | 6.6% | 4.6% | 3.6% | 24.0% | 5.8% | 9.7% | 4.0% | -2.9% | -0.5% | 0.9% | 4.1% | 2.2% | 5.8% | 4.7% | -1.3% | 7.0% | 3.4% | 4.5% | ||
| over 100 | 75.83 | 73.11 | 53.94 | 49.13 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €26,722 | - | - |
| €8,147 | €8,373 | €7,726 | €3,416 | €3,845 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on WATCOM
The operating result for 2025 is 11% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 5.6% to 17.2%. Equity is lower and debt is higher.