Watson, Eldo & Cie
ActiveWatson, Eldo & Cie has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €492k and a net result of €108k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 166 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+37
Solvency60▲+14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.06 in 2024), and 54% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46%
Return on assets
10.1%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
31 d late
2023
29 d late
2022
31 d late
2021
22 d late
2020
29 d late
2019
119 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€108k▲ 121%
2024 · €49k
2018: €7k
2019: €16k
2020: €-11k
2021: €14k
2022: €19k
2023: €40k
2024: €49k
2018 → 2025
Working capital
€-334k▲ 36.1%
2024 · €-522k
2018: €-499k
2019: €-551k
2020: €-564k
2021: €-500k
2022: €-486k
2023: €-465k
2024: €-522k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€277k-€296k▲ 6.8%€336k▲ 13.4%€384k▲ 14.5%€492k▲ 28.0%
Operating result€28k-€37k▲ 30.8%€68k▲ 84.5%€81k▲ 19.5%€163k▲ 101%
Net result€14k-€19k▲ 32.6%€40k▲ 112%€49k▲ 22.6%€108k▲ 121%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 101% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€1.04M▼ 0.8%
Current assets
€26k▼ 23.0%
Equity and liabilities €1.07M
Equity
€492k▲ 28.0%
Provisions
€100k▲ 100%
Debt
€478k▼ 26.7%
The debt ratio falls from 60.0% to 44.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€212k▲
2024 · €136k
Cash flow
€156k▲
2024 · €103k
Solvency
46.0%▲
2024 · 35.4%
Current ratio
0.07▲
2024 · 0.06
Quick ratio
0.07▲
2024 · 0.06
Debt / equity
0.97▼
2024 · 1.70
ROE
21.9%▲
2024 · 12.7%
ROA
10.1%▲
2024 · 4.5%
Interest coverage
14.71▲
2024 · 8.82
Debt
€478k▼
2024 · €652k
Debt ≤ 1 year
€360k▼
2024 · €556k
Debt > 1 year
€118k▲
2024 · €96k
Income taxes
€41k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.09M€1.07M▼
Fixed assets21/28€1.05M€1.04M▼
Tangible fixed assets22/27€1.05M€1.04M▼
Land and buildings22€924k€891k▼
Plant, machinery and equipment23€116k€152k▲
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€9k-
Current assets29/58€34k€26k▼
Amounts receivable within one year40/41-€12k
Other amounts receivable41-€12k
Cash at bank and in hand54/58€7k€9k▲
Deferred charges and accrued income490/1€27k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.07M▼
Equity10/15€384k€492k▲
Contributions10/11€67k€67k=
Capital10€67k€67k=
Issued capital100€67k€67k=
Reserves13€79k€79k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€73k€73k=
Profit (loss) carried forward14€238k€345k▲
Provisions and deferred taxes16€50k€100k▲
Provisions for liabilities and charges160/5€50k€100k▲
Major repairs and maintenance162€50k€100k▲
Amounts payable17/49€652k€478k▼
Amounts payable after more than one year17€96k€118k▲
Financial debts170/4€96k€28k▼
Other amounts payable178/9-€90k
Amounts payable within one year42/48€556k€360k▼
Current portion of amounts payable after more than one year42€137k€166k▲
Financial debts43-€9k
Credit institutions430/8-€9k
Trade debts44€40k€25k▼
Suppliers440/4€40k€25k▼
Taxes, remuneration and social security45€42k€63k▲
Taxes450/3€42k€63k▲
Other amounts payable47/48€337k€97k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€49k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€50k
Other operating charges640/8€37k€35k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€174k€300k▲
Operating profit (loss)9901€81k€163k▲
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€66k€149k▲
Income taxes67/77€17k€41k▲
Profit (loss) for the period9904€49k€108k▲
Profit (loss) for the period to be appropriated9905€49k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€238k€345k▲
Profit (loss) brought forward from the previous period14P€189k€238k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
31-12
Financial
Highest result since 2018net €108k ▲121%
Operating result €163k, net result €108k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Weakest financial yearnet €-11k ▼173%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
Daniel DEMARTIN
CurrentManaging director · since 29-08-2024
29-08-2024
Appointed as Managing director
29-08-2024
Appointed as Director (executive)
Location & real-estate footprint
Registered office, Tubize · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue de Ramelot 51480 TubizeGround area
6,013 m²
Building footprint
2,644 m²
Parcel 25097C0563/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue de Ramelot 5, 1480 Tubize
since 20012.102.774.809
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097C0563/00H000 | Wallonia | 6,013 m² | 1 · 2,644 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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IDECOPY
BE 0449.897.183
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LEFEBVRE
BE 0402.412.022
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ATELIERS GOURMAND'ART
BE 0783.924.108
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Post Press De Melle
BE 0543.274.135
Turnhout · Eq €729k
C+PRINTING & RECLAME
BE 0831.723.431
Mechelen · Eq €296k
Of 166 companies in sector 18140 we hold annual accounts for 70. 42 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-02-1990
Fiscal year end31-12
Activities, NACEBEL
18140Printing and reproduction of recorded media
22230
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.