Wattco
ActiveSummary
For Wattco, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €1.5m and a net result of €370,189. Equity is growing by ~69.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 9388 sector peers (fiscal year 2023). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability82▼-16
Solvency68▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
43.2%
Return on assets
10.9%
Age of the figures
43 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 28-02-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
28-02-2024 close28-09-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2023 was due by 30-09-2023 and was filed on 29-09-2023, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
on the day
2021
on the day
2020
37 d early
2019
91 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€1.5m▲ 32.0%
2022 · €1.1m
Total assets
€3.4m▲ 55.4%
2022 · €2.2m
Net result
€370,189▼ 28.2%
2022 · €515,849
Working capital
€899,717▼ 0.7%
2022 · €905,924
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€55,711-€244,081▲ 338%€300,292▲ 23.0%€735,987▲ 145%€500,059▼ 32.1%
Net result€39,066-€189,355above the sector's middle half▲ 385%€221,993above the sector's middle half▲ 17.2%€515,849above the sector's middle half▲ 132%€370,189above the sector's middle half▼ 28.2%
Equity€187,553-€375,296within the sector's middle half▲ 100%€596,589within the sector's middle half▲ 59.0%€1.1mwithin the sector's middle half▲ 86.3%€1.5mwithin the sector's middle half▲ 32.0%
Total assets€795,110-€1.6mwithin the sector's middle half▲ 99.3%€1.9mwithin the sector's middle half▲ 20.5%€2.2mwithin the sector's middle half▲ 14.6%€3.4mwithin the sector's middle half▲ 55.4%
Debt€607,556-€1.2m▲ 99.1%€1.3m▲ 8.6%€1.1m▼ 18.9%€1.9m▲ 80.5%
Working capital€141,102-€228,631within the sector's middle half▲ 62.0%€393,430within the sector's middle half▲ 72.1%€905,924above the sector's middle half▲ 130%€899,717above the sector's middle half▼ 0.7%
Solvency23.6%-23.7%within the sector's middle half▲ 0.1pp31.2%within the sector's middle half▲ 7.6pp50.8%within the sector's middle half▲ 19.6pp43.2%within the sector's middle half▼ 7.7pp
Current ratio3.06-3.06above the sector's middle half=3.46above the sector's middle half▲ 0.4010.89above the sector's middle half▲ 7.436.35above the sector's middle half▼ 4.54
Return on assets (ROA)4.9%-11.9%above the sector's middle half▲ 7.0pp11.6%above the sector's middle half▼ 0.3pp23.6%above the sector's middle half▲ 12.0pp10.9%above the sector's middle half▼ 12.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2020 Net result +385% on 2019. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 32% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.4m
Fixed assets
€2.3m ▲ 95.9%
Current assets
€1.1m ▲ 7.1%
Equity and liabilities €3.4m
Equity
€1.5m ▲ 32.0%
Provisions
€10,252 ▼ 10.0%
Debt
€1.9m ▲ 80.5%
Debt's share of the balance-sheet total rises from 48.7% to 56.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€605,258▼
2022 · €819,739
Cash flow
€475,387▼
2022 · €599,601
Quick ratio
6.28▼
2022 · 10.89
Debt to equity
1.31▲
2022 · 0.96
ROE
25.2%▼
2022 · 46.4%
Interest coverage
16.02▼
2022 · 32.68
Debt ≤ 1 year
€168,215▲
2022 · €91,576
Debt > 1 year
€1.7m▲
2022 · €966,972
Income taxes
€100,863▼
2022 · €183,673
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €75,128 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,926 | €101,456 | €105,479 | €83,752 | €105,198 | ▲ 25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€13,347 | - | - |
| Other operating charges640/8 | - | - | - | €6,144 | €6,546 | ▲ 6.5% |
| Non-recurring operating charges66A | - | - | - | €2,521 | - | - |
| Gross operating margin9900 | €114,019 | €346,622 | €422,330 | €815,057 | €611,804 | ▼ 24.9% |
| Operating profit (loss)9901 | €55,711 | €244,081 | €300,292 | €735,987 | €500,059 | ▼ 32.1% |
| Financial income75/76B | - | - | - | €10 | €7,627 | ▲ 77,648% |
| Recurring financial income75 | €901 | €4,788 | €3,959 | €10 | €7,627 | ▲ 77,648% |
| Financial charges65/66B | - | - | - | €25,084 | €37,774 | ▲ 50.6% |
| Recurring financial charges65 | €13,640 | €19,761 | €20,622 | €25,084 | €37,774 | ▲ 50.6% |
| Profit (loss) for the period before taxes9903 | €42,973 | €229,108 | €283,629 | €710,913 | €469,913 | ▼ 33.9% |
| Transfer from deferred taxes780 | - | - | - | €4,234 | €1,139 | ▼ 73.1% |
| Transfer to deferred taxes680 | - | - | - | €15,625 | - | - |
| Income taxes67/77 | €3,907 | €39,753 | €61,636 | €183,673 | €100,863 | ▼ 45.1% |
| Profit (loss) for the period9904 | €39,066 | €189,355 | €221,993 | €515,849 | €370,189 | ▼ 28.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,703 | €3,417 | ▼ 73.1% |
| Transfer to tax-exempt reserves689 | - | - | - | €286,845 | - | - |
| Profit (loss) for the period to be appropriated9905 | €39,066 | €189,355 | €116,743 | €241,707 | €373,607 | ▲ 54.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €795,110 | €1.6m | €1.9m | €2.2m | €3.4m | ▲ 55.4% |
| Fixed assets21/28 | €585,529 | €1.2m | €1.4m | €1.2m | €2.3m | ▲ 95.9% |
| Tangible fixed assets22/27 | €560,422 | €1.2m | €1.3m | €1.2m | €2.3m | ▲ 93.7% |
| Land and buildings22 | - | - | - | €1.2m | €2.2m | ▲ 93.1% |
| Plant, machinery and equipment23 | - | - | - | - | €1,502 | - |
| Furniture and vehicles24 | - | - | - | €11,639 | €28,021 | ▲ 141% |
| Other tangible fixed assets26 | - | - | - | €2,000 | €3,750 | ▲ 87.5% |
| Financial fixed assets28 | €25,107 | €25,106 | €25,106 | €25,106 | €74,906 | ▲ 198% |
| Current assets29/58 | €209,581 | €339,663 | €553,228 | €997,500 | €1.1m | ▲ 7.1% |
| Amounts receivable after more than one year29 | - | - | - | €25,000 | €200,000 | ▲ 700% |
| Other amounts receivable291 | - | - | - | €25,000 | €200,000 | ▲ 700% |
| Stocks and contracts in progress3 | - | - | - | - | €12,325 | - |
| Stocks30/36 | - | - | - | - | €12,325 | - |
| Amounts receivable within one year40/41 | €45,280 | €222,450 | €82,351 | €84,455 | €85,530 | ▲ 1.3% |
| Trade receivables40 | - | - | - | €44,712 | €23,232 | ▼ 48.0% |
| Other amounts receivable41 | - | - | - | €39,743 | €62,298 | ▲ 56.8% |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €162,621 | €115,219 | €468,181 | €835,729 | €756,834 | ▼ 9.4% |
| Deferred charges and accrued income490/1 | - | - | - | €2,316 | €13,244 | ▲ 472% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €795,110 | €1.6m | €1.9m | €2.2m | €3.4m | ▲ 55.4% |
| Equity10/15 | €187,553 | €375,296 | €596,589 | €1.1m | €1.5m | ▲ 32.0% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | = |
| Reserves13 | €168,953 | €356,696 | €577,989 | €1.1m | €1.4m | ▲ 32.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - |
| Tax-exempt reserves132 | - | - | - | €379,392 | €375,975 | ▼ 0.9% |
| Distributable reserves133 | - | - | - | €711,787 | €1.1m | ▲ 50.7% |
| Provisions and deferred taxes16 | - | - | - | €11,391 | €10,252 | ▼ 10.0% |
| Deferred taxes168 | - | - | - | €11,391 | €10,252 | ▼ 10.0% |
| Amounts payable17/49 | €607,556 | €1.2m | €1.3m | €1.1m | €1.9m | ▲ 80.5% |
| Amounts payable after more than one year17 | €536,059 | €1.1m | €1.1m | €966,972 | €1.7m | ▲ 80.9% |
| Financial debts170/4 | - | - | - | €809,793 | €1.7m | ▲ 107% |
| Other amounts payable178/9 | - | - | - | €157,179 | €74,453 | ▼ 52.6% |
| Amounts payable within one year42/48 | €68,478 | €111,032 | €159,798 | €91,576 | €168,215 | ▲ 83.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €76,739 | €132,939 | ▲ 73.2% |
| Trade debts44 | €2,338 | €2,891 | €1,389 | €10,298 | €31,650 | ▲ 207% |
| Suppliers440/4 | - | - | - | €10,298 | €31,650 | ▲ 207% |
| Taxes, remuneration and social security45 | - | - | - | €3,739 | €3,626 | ▼ 3.0% |
| Taxes450/3 | - | - | - | €1,739 | €1,626 | ▼ 6.5% |
| Remuneration and social security454/9 | - | - | - | €2,000 | €2,000 | = |
| Other amounts payable47/48 | - | - | - | €800 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €5,872 | €4,640 | ▼ 21.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,066 | €189,355 | €221,993 | €515,849 | €370,189 | ▼ 28.2% |
| + Depreciation and write-downs630 | €56,926 | €101,456 | €105,479 | €83,752 | €105,198 | ▲ 25.6% |
| Operating cash flow (approximation) | €95,992 | €290,811 | €327,472 | €599,601 | €475,387 | ▼ 20.7% |
| Investment in fixed assets (approximation) | - | -€760,962 | -€216,701 | €82,555 | -€1.2m | ▼ 1,610% |
| Change in cash | - | -€47,402 | €352,962 | €367,548 | -€78,895 | ▼ 121% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
28-02
Financial
Highest result since 2019net €515,849 ▲132%
Operating result €735,987, net result €515,849, both a record.
28-02
Financial
Liquidity triplescurrent ratio 10.89
Current ratio from 3.46 to 10.89; short-term debt falls from €159,798 to €91,576.
28-02
Financial
Equity above €1mEq €1.1m ▲86.3%
4 profitable years in a row build equity to €1.1m.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
28-02
Financial
Equity above €500,000Eq €596,589 ▲59%
3 profitable years in a row build equity to €596,589.
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
29-02
Financial
Equity above €200,000Eq €375,296 ▲100%
2 profitable years in a row build equity to €375,296.
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
16-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2011
Ground area
2,400 m²
Building footprint
249 m²
Volume, LiDAR
1,377 m³
Parcel 31017A0323/00D000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Wattco BVBA
since 20112.196.855.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017A0323/00D000 | Flanders | 2,400 m² | 1 · 249 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 28-02-2023 list no shareholders, and no other source names one.
Holdings 2
-
49.8%
-
49.8%
According to the annual accounts to 28-02-2023 of Wattco and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteZedelgem2.196.855.010
Similar companies · same sector, comparable size
MC-Logistics
BE 0442.117.288
Dendermonde · Eq €1,466,996
Covetafuma
BE 0744.903.580
Heist-op-den-Berg · Eq €1,467,826
L.S.
BE 0431.053.746
Stekene · Eq €1,468,472
MANA
BE 0428.611.227
Sint-Lambrechts-Woluwe · Eq €1,466,079
MATEMCO
BE 0827.947.458
Meise · Eq €1,469,892
Of 12,041 companies in sector 68203 we hold annual accounts for 6,005. 3,886 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded17-01-2011
Fiscal year end28-02
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832942859
Also
9925:BE0832942859
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.