WATT MATTERS TWO
The computed 12-month bankruptcy probability of WATT MATTERS TWO is 1.3% (low). The 2024 annual accounts show equity of €539k and a net result of €166k. Equity is growing by ~50.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 46 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €539k |
| Net result | €166k |
| Better than sector | 34% |
| Active | 4 yrs |
Strong profile, led by profitability.
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.3% | 19.5% | |
| Net result | €166k | €-7k | |
| Equity | €539k | €24k | |
| Gross operating margin | €511k | €-1k | |
| Total assets | €8.51M | €357k |
| Fiscal year | 2024 |
|---|---|
| Revenue | — |
| EBITDA | €482k |
| Net profit | €166k |
| Cash flow | €327k |
| Staff costs | — |
| Income taxes | — |
| Dividends | — |
| Total assets | €8.51M |
| Equity | €539k |
| Debt | €7.92M |
| of which ≤ 1y | €1.99M |
| of which > 1y | €5.93M |
| Working capital | €-806k |
| Employees (FTE) | — |
| 2024 | |
|---|---|
| Current ratio | 0.59 |
| Quick ratio | 0.59 |
| Working capital ratio | -9.5% |
| Solvency | 6.3% |
| Debt / equity | 14.70 |
| Long-term debt ratio | 11.01 |
| Interest coverage | 2.89 |
| Gross margin | — |
| Net margin | — |
| ROA | 2.0% |
| ROE | 30.9% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €8.51M |
| Fixed assets | 21/28 | €7.33M |
| Tangible fixed assets | 22/27 | €7.33M |
| Current assets | 29/58 | €1.18M |
| Amounts receivable within one year | 40/41 | €1.06M |
| Cash & bank | 54/58 | €34k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.51M |
| Equity | 10/15 | €539k |
| Contributions / capital | 10/11 | €250k |
| Accumulated profits (losses) | 14 | €203k |
| Provisions & deferred taxes | 16 | €53k |
| Amounts payable | 17/49 | €7.92M |
| Amounts payable after one year | 17 | €5.93M |
| Amounts payable within one year | 42/48 | €1.99M |
| Trade debts payable within one year | 44 | €743k |
| Income statement | ||
| Gross operating margin | 9900 | €511k |
| Operating result | 9901 | €322k |
| Financial income | 75 | €12k |
| Financial charges | 65 | €167k |
| Result before taxes | 9903 | €166k |
| Net result for the period | 9904 | €166k |
| Result to be appropriated | 9905 | €166k |
-
Current28-10-2025 → present
-
Current24-07-2023 → present
| NACE primary | 35110 |
| Legal form | Private limited company(610) |
| Incorporation | 02-02-2022 |
| Status | Active |
| Postal code | 1050 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0871/00P000 | Brussels | 368 m² | 1 · 153 m² | 18.6 m · 5 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
25-02-2026 3 directors appointed
- Ismaël DAOUD — Bestuurder
- Ismaël DAOUD — Gedelegeerd bestuurder
- Christophe SOMERS — Gedelegeerd bestuurder
Technical details
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}28-10-2025 Régis GASPAR appointed as director
- Régis GASPAR — Bestuurder
Technical details
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}28-10-2025 OuiTransform appointed as director
- OuiTransform — Bestuurder
Technical details
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}01-02-2024 Cédric Le Blévennec appointed as director (executive)
- Cédric Le Blévennec — Directeur
Technical details
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}01-02-2024 Change in the board of directors
Technical details
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}24-07-2023 Cédric Leblévennec appointed as managing director
- Cédric Leblévennec — Gedelegeerd bestuurder
Technical details
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}04-02-2022 Incorporation of a new SRL
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | WATT MATTERS TWO |