WATTSON
ActiveSummary
WATTSON has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €123,142. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+2
Solvency67▼-15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.8 in 2024; short-term debt: 57.1% and cash: 26% of total assets), and 57.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
42.3%
Return on assets
4.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-01-2026, 18 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
18 d early
2024
22 d early
2023
on the day
2022
on the day
2021
6 d early
2020
26 d late
2019
25 d early
← 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 6 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
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 What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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 2025, abbreviated schema
Equity
€1.3m▲ 7.2%
2024 · €1.2m
Total assets
€3.0m▲ 44.8%
2024 · €2.1m
Net result
€123,142▲ 111%
2024 · €58,223
Working capital
€521,473▼ 23.1%
2024 · €678,124
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
Line20212022202320242025
Operating result€181,196▲ 322%€216,893▲ 19.7%€128,885▼ 40.6%€66,980▼ 48.0%€159,351▲ 138%
Net result€133,007above the sector's middle half▲ 147%€161,882above the sector's middle half▲ 21.7%€89,770within the sector's middle half▼ 44.5%€58,223within the sector's middle half▼ 35.1%€123,142above the sector's middle half▲ 111%
Equity€947,580within the sector's middle half▲ 12.7%€1.1mwithin the sector's middle half▲ 14.0%€1.1mwithin the sector's middle half▲ 5.4%€1.2mwithin the sector's middle half▲ 4.6%€1.3mabove the sector's middle half▲ 7.2%
Total assets€1.5mwithin the sector's middle half▲ 19.9%€1.8mwithin the sector's middle half▲ 22.0%€2.0mwithin the sector's middle half▲ 8.5%€2.1mwithin the sector's middle half▲ 6.4%€3.0mwithin the sector's middle half▲ 44.8%
Debt€534,666▲ 35.2%€727,756▲ 36.1%€822,918▲ 13.1%€895,362▲ 8.8%€1.7m▲ 94.8%
Working capital€676,428above the sector's middle half▲ 25.9%€806,185above the sector's middle half▲ 19.2%€883,214above the sector's middle half▲ 9.6%€678,124above the sector's middle half▼ 23.2%€521,473above the sector's middle half▼ 23.1%
Solvency63.9%above the sector's middle half▼ 4.1pp59.7%within the sector's middle half▼ 4.2pp58.0%within the sector's middle half▼ 1.7pp57.1%within the sector's middle half▼ 1.0pp42.3%within the sector's middle half▼ 14.8pp
Current ratio2.27within the sector's middle half▼ 0.092.11within the sector's middle half▼ 0.162.11within the sector's middle half=1.80within the sector's middle half▼ 0.311.30within the sector's middle half▼ 0.49
Return on assets (ROA)9.0%above the sector's middle half▲ 4.6pp9.0%above the sector's middle half=4.6%within the sector's middle half▼ 4.4pp2.8%within the sector's middle half▼ 1.8pp4.1%within the sector's middle half▲ 1.3pp
Staff (FTE)6.7above the sector's middle half▲ 81.1%6.4above the sector's middle half▼ 4.5%7.6above the sector's middle half▲ 18.8%6.4above the sector's middle half▼ 15.8%6.8above the sector's middle half▲ 6.3%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 138% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€774,588 ▲ 38.8%
Current assets
€2.2m ▲ 47.0%
Equity and liabilities €3.0m
Equity
€1.3m ▲ 7.2%
Debt
€1.7m ▲ 94.8%
Debt's share of the balance-sheet total rises from 42.9% to 57.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€263,374▲
2024 · €121,308
Cash flow
€227,165▲
2024 · €112,551
Debt to equity
1.36▲
2024 · 0.75
ROE
9.6%▲
2024 · 4.9%
Interest coverage
23.75▲
2024 · 19.46
Debt ≤ 1 year
€1.7m▲
2024 · €850,674
Debt > 1 year
€18,311▼
2024 · €44,688
Income taxes
€37,378▲
2024 · €9,639
Staff costs
€679,705▲
2024 · €513,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €548,518 | €611,962 | €513,727 | €679,705 | ▲ 32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,077 | €33,910 | €42,577 | €54,327 | €104,022 | ▲ 91.5% |
| Other operating charges640/8 | - | €1,090 | €1,458 | €1,193 | €3,908 | ▲ 228% |
| Non-recurring operating charges66A | - | - | - | - | €892 | - |
| Gross operating margin9900 | €708,874 | €800,411 | €784,881 | €636,228 | €947,879 | ▲ 49.0% |
| Operating profit (loss)9901 | €181,196 | €216,893 | €128,885 | €66,980 | €159,351 | ▲ 138% |
| Financial income75/76B | - | €2,376 | €2,227 | €7,115 | €12,259 | ▲ 72.3% |
| Recurring financial income75 | €1,070 | €2,376 | €2,227 | €7,115 | €12,259 | ▲ 72.3% |
| Financial charges65/66B | - | €2,359 | €5,015 | €6,233 | €11,091 | ▲ 77.9% |
| Recurring financial charges65 | €1,807 | €2,359 | €5,015 | €6,233 | €11,091 | ▲ 77.9% |
| Profit (loss) for the period before taxes9903 | €180,458 | €216,910 | €126,097 | €67,862 | €160,520 | ▲ 137% |
| Income taxes67/77 | €47,452 | €55,029 | €36,327 | €9,639 | €37,378 | ▲ 288% |
| Profit (loss) for the period9904 | €133,007 | €161,882 | €89,770 | €58,223 | €123,142 | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €133,007 | €161,882 | €89,770 | €58,223 | €123,142 | ▲ 111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.8m | €2.0m | €2.1m | €3.0m | ▲ 44.8% |
| Fixed assets21/28 | €272,788 | €275,908 | €283,536 | €558,050 | €774,588 | ▲ 38.8% |
| Intangible fixed assets21 | €129,731 | €101,477 | €73,222 | €63,282 | €29,689 | ▼ 53.1% |
| Tangible fixed assets22/27 | €12,376 | €13,750 | €49,633 | €303,337 | €552,668 | ▲ 82.2% |
| Plant, machinery and equipment23 | - | €1,000 | €500 | €234,195 | €520,169 | ▲ 122% |
| Furniture and vehicles24 | - | €12,750 | €49,133 | €69,143 | €32,499 | ▼ 53.0% |
| Financial fixed assets28 | €130,681 | €160,681 | €160,681 | €191,431 | €192,231 | ▲ 0.4% |
| Current assets29/58 | €1.2m | €1.5m | €1.7m | €1.5m | €2.2m | ▲ 47.0% |
| Amounts receivable after more than one year29 | - | - | - | €51,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €51,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €802,959 | €704,852 | €907,894 | €1.2m | €915,565 | ▼ 24.1% |
| Trade receivables40 | - | €574,349 | €732,595 | €961,406 | €785,524 | ▼ 18.3% |
| Other amounts receivable41 | - | €130,502 | €175,299 | €244,084 | €130,042 | ▼ 46.7% |
| Current investments50/53 | - | - | €200,000 | €0 | €300,045 | - |
| Cash at bank and in hand54/58 | €395,455 | €805,405 | €560,695 | €175,860 | €784,315 | ▲ 346% |
| Deferred charges and accrued income490/1 | - | €21,470 | €9,423 | €96,447 | €247,354 | ▲ 156% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.8m | €2.0m | €2.1m | €3.0m | ▲ 44.8% |
| Equity10/15 | €947,580 | €1.1m | €1.1m | €1.2m | €1.3m | ▲ 7.2% |
| Contributions10/11 | €692,862 | €692,862 | €692,862 | €708,147 | €708,147 | = |
| Capital10 | - | €692,862 | €692,862 | €708,147 | €708,147 | = |
| Issued capital100 | - | €692,862 | €692,862 | €754,002 | €754,002 | = |
| Uncalled capital101 | - | - | - | €45,855 | €45,855 | = |
| Reserves13 | €254,718 | €387,016 | €445,769 | €483,338 | €569,603 | ▲ 17.8% |
| Non-distributable reserves130/1 | - | €24,224 | €29,224 | €32,135 | €338,337 | ▲ 953% |
| Legal reserve130 | - | €24,224 | €29,224 | €32,135 | €38,292 | ▲ 19.2% |
| Own shares acquired1312 | - | - | - | - | €300,045 | - |
| Distributable reserves133 | - | €362,792 | €416,545 | €451,203 | €231,266 | ▼ 48.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €534,666 | €727,756 | €822,918 | €895,362 | €1.7m | ▲ 94.8% |
| Amounts payable after more than one year17 | - | - | €28,120 | €44,688 | €18,311 | ▼ 59.0% |
| Financial debts170/4 | - | - | €28,120 | €44,688 | €18,311 | ▼ 59.0% |
| Amounts payable within one year42/48 | €533,030 | €725,541 | €794,799 | €850,674 | €1.7m | ▲ 103% |
| Current portion of amounts payable after more than one year42 | - | - | €8,450 | €15,338 | €6,910 | ▼ 54.9% |
| Financial debts43 | - | - | - | €100,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €100,000 | €0 | ▼ 100% |
| Trade debts44 | €350,112 | €495,119 | €649,685 | €586,790 | €498,481 | ▼ 15.0% |
| Suppliers440/4 | - | €495,119 | €649,685 | €586,790 | €498,481 | ▼ 15.0% |
| Advances received on contracts in progress46 | - | - | - | - | €883,640 | - |
| Taxes, remuneration and social security45 | - | €198,732 | €105,647 | €127,893 | €299,897 | ▲ 134% |
| Taxes450/3 | - | €140,957 | €31,483 | €27,715 | €176,072 | ▲ 535% |
| Remuneration and social security454/9 | - | €57,774 | €74,163 | €100,177 | €123,825 | ▲ 23.6% |
| Other amounts payable47/48 | - | €31,690 | €31,017 | €20,654 | €36,878 | ▲ 78.6% |
| Accrued charges and deferred income492/3 | - | €2,215 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133,007 | €161,882 | €89,770 | €58,223 | €123,142 | ▲ 111% |
| + Depreciation and write-downs630 | €34,077 | €33,910 | €42,577 | €54,327 | €104,022 | ▲ 91.5% |
| Operating cash flow (approximation) | €167,083 | €195,792 | €132,346 | €112,551 | €227,165 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€37,029 | -€50,205 | -€328,841 | -€320,560 | ▲ 2.5% |
| Change in cash | - | €409,950 | -€244,709 | -€384,835 | €608,454 | ▲ 258% |
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
Next filing, fiscal year 2026, expected by
2026
13-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €161,882 ▲21.7%
Operating result €216,893, net result €161,882, both a record.
30-06
Financial
Equity above €1mEq €1.1m ▲14%
4 profitable years in a row build equity to €1.1m.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet €53,908 ▼36%
Net result drops to €53,908, the lowest in the series; recovery starts the following year.
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Gent · 1 establishment unit since 2016
Ground area
2,277 m²
Building footprint
281 m²
Volume, LiDAR
4,129 m³
Parcel 44806F0399/00H000, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
95
companies at this address
See who is registered here
1 establishment unit
Nieuwewandeling 62, 9000 Gent
since 20162.253.149.949
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0399/00H000 | Flanders | 2,277 m² | 1 · 281 m² | 17.8 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 owners · 7 holdingsOwners 2
-
29.96%
-
25%
Holdings 7
-
100%
-
50%
-
10%
-
10%
-
10%
-
10%
-
10%
According to the annual accounts to 30-06-2025 of WATTSON 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 915,672 EUR awarded · 31,603 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,484 EUR | 1,862 EUR |
| 2024 | 2 | 1,260 EUR | 13,382 EUR |
| 2023 | 2 | 0 EUR | 13,114 EUR |
| 2022 | 3 | 912,928 EUR | 3,245 EUR |
European Union, budget
2023 to 2025 · 2 entries · 182,462 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 93,010 EUR |
| 2023 | 1 | 89,452 EUR |
Projects
RESIDENTIAL RETROFIT UPSCALING THROUGH INNOVATIVE FINANCING AND COLLECTIVE NEIGHBOURHOOD DEMONSTRATIONS
LIFE22-CET-LIFE BE FREE - LIFE BELGIAN FINANCING ROUNDTABLES ON ENERGY EFFICIENCY
Similar companies · same sector, comparable size
Oost West Construct
BE 0656.876.278
Gent · Eq €1,278,158
SISSAU CONSTRUCT
BE 0554.738.545
Middelkerke · Eq €1,278,418
Cupola
BE 0453.889.031
Antwerpen · Eq €1,279,269
LYCON
BE 0896.103.123
Retie · Eq €1,280,211
BeDiVe
BE 0811.124.787
Wingene · Eq €1,270,471
Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 3,611 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-02-2016
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
Contact
E-mail
stijn.deroo@wattson.beGent
Phone
0473 684 598Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647839145
Also
9925:BE0647839145
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.