ACTIVE

HERBERT WATSON (BELGIUM)

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Financial year 2025 · closed on 31/12/2025

Net result

4,9 k €

-87.9% YoY

Gross margin

359,8 k €

+11.3% YoY

Equity

1,1 M €

+0.4% YoY

Workforce

1,9 ETP

0.0% YoY

What does HERBERT WATSON (BELGIUM) do?

HERBERT WATSON (BELGIUM) is a Public limited company incorporated in 1981. Its registered office is in Antwerpen. It employs on average 1,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.495.187

Incorporation

15/04/1981

Legal form

Public limited company

Registered office

Boerendijk 27
2180 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

1,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	359,8 k €	+11.3%	323,1 k €	+19.9%	269,5 k €	+19.6%	225,3 k €	-6.5%	241 k €	+24.5%	193,6 k €	-7.3%	208,9 k €	+6.5%	196,2 k €	-11.5%	221,7 k €	-16.7%	266,3 k €	-3.1%	274,9 k €	-1.0%	277,7 k €	+3.7%	267,7 k €	+13.6%	235,7 k €	+15.1%	204,7 k €	-26.6%	278,8 k €	+33.0%	209,6 k €	-39.9%	348,7 k €	+35.0%	258,4 k €	-8.4%	282 k €
EBITDA	151,7 k €	+13.3%	133,9 k €	+57.2%	85,1 k €	+56.5%	54,4 k €	-31.8%	79,8 k €	+86.2%	42,8 k €	-33.8%	64,7 k €	-1.5%	65,7 k €	-21.1%	83,3 k €	-15.6%	98,7 k €	-13.7%	114,4 k €	+6.8%	107 k €	-11.6%	121,1 k €	+0.3%	120,7 k €	+40.0%	86,3 k €	-43.7%	153,1 k €	+133%	65,8 k €	-52.8%	139,6 k €	+11.4%	125,3 k €	+110%	59,7 k €
Operating result	55,8 k €	-47.8%	106,8 k €	+65.4%	64,6 k €	+104%	31,7 k €	-45.8%	58,5 k €	+140%	24,4 k €	-28.1%	33,9 k €	-1.9%	34,6 k €	-33.0%	51,6 k €	+1.7%	50,7 k €	-15.5%	60 k €	+38.1%	43,5 k €	-26.9%	59,4 k €	+0.4%	59,1 k €	+95.4%	30,3 k €	-71.4%	105,7 k €	+791%	11,9 k €	-84.7%	77,5 k €	+128%	34 k €	+132%	14,7 k €
Net result	4,9 k €	-87.9%	40,6 k €	+93.4%	21 k €	+155%	8,2 k €	-61.7%	21,5 k €	+1452%	1,4 k €	+331%	321,2 €	-96.0%	8 k €	+126%	3,6 k €	-48.7%	6,9 k €	+89.7%	3,7 k €	+161%	-6 k €	-311%	2,8 k €	-59.9%	7 k €	+10565%	66 €	-99.3%	10,1 k €	+130%	-33,7 k €	-369%	12,5 k €	+67.5%	7,5 k €	+115%	3,5 k €
Balance sheet
Equity	1,1 M €	+0.4%	1,1 M €	+166%	408 k €	+5.4%	387 k €	+237%	114,8 k €	+16.7%	98,3 k €	+1.4%	97 k €	+0.3%	96,6 k €	+9.1%	88,6 k €	+4.2%	85 k €	+8.9%	78,1 k €	+4.9%	74,4 k €	-7.4%	80,4 k €	+3.6%	77,6 k €	+10.0%	70,5 k €	+0.1%	70,5 k €	+16.7%	60,4 k €	-35.8%	94,1 k €	+15.4%	81,5 k €	+10.1%	74,1 k €
Total assets	1,9 M €	+12.3%	1,7 M €	+29.8%	1,3 M €	+14.6%	1,2 M €	+7.7%	1,1 M €	-0.1%	1,1 M €	+11.4%	966,2 k €	+0.3%	963,3 k €	-9.4%	1,1 M €	+13.3%	938,1 k €	-19.5%	1,2 M €	-10.3%	1,3 M €	-12.0%	1,5 M €	-45.2%	2,7 M €	+7.9%	2,5 M €	+6.2%	2,4 M €	-7.7%	2,5 M €	+9.8%	2,3 M €	+6.9%	2,2 M €	+112%	1 M €
Cash	86,9 k €	+24.0%	70,1 k €	+14.3%	61,3 k €	+3.1%	59,5 k €	+14.9%	51,7 k €	+5.8%	48,9 k €	-39.9%	81,4 k €	-3.5%	84,3 k €	-27.3%	116 k €	+78.5%	65 k €	-27.5%	89,6 k €	+22.4%	73,2 k €	-7.0%	78,7 k €	+9.6%	71,8 k €	+9.1%	65,8 k €	-38.0%	106,2 k €	-68.8%	340,8 k €	+449%	62 k €	-75.9%	257,6 k €	-26.5%	350,4 k €
Debts	847,1 k €	+32.6%	638,7 k €	-30.5%	919,2 k €	+19.2%	771,1 k €	-19.7%	960,2 k €	-1.7%	977,3 k €	+12.5%	868,9 k €	+0.3%	866,3 k €	-11.1%	974,4 k €	+14.3%	852,7 k €	-21.6%	1,1 M €	-11.3%	1,2 M €	-12.2%	1,4 M €	-46.6%	2,6 M €	+7.8%	2,4 M €	+6.3%	2,3 M €	-8.2%	2,5 M €	+15.3%	2,2 M €	+6.7%	2 M €	+140%	842,9 k €
Other
Workforce	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	+11.8%	1,7 ETP	0.0%	1,7 ETP	-19.0%	2,1 ETP	+5.0%	2,0 ETP	-4.8%	2,1 ETP	+5.0%	2,0 ETP	+66.7%	1,2 ETP	+9.1%	1,1 ETP	-38.9%	1,8 ETP	-14.3%	2,1 ETP	-43.2%	3,7 ETP	+32.1%	2,8 ETP	-9.7%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 14 ended

Active mandates

Karel Geerts

Director · since 15 octobre 1990

Active

Ended mandates

Jan Geerts

Director · since 05 juin 2007 · until 05 juin 2013

Ended

Karel Geerts

Director · since 05 juin 2007 · until 05 juin 2013

Ended

Karel Geerts

Managing director · since 05 juin 2007 · until 04 juin 2013

Ended

Karel Geerts

Managing director · since 05 juin 2007 · until 05 juin 2013

Ended

At this address

Other companies at this address

Company	CBE no.
I - CLEARING● Active	0477.996.303
OGS INTERNATIONAL● Active	0806.168.978
WATSON GLOBAL LOGISTICS● Active	0444.365.017

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/07/2026	04/08/2025	01/07/2024	05/07/2023	29/07/2022	09/07/2021
General meeting	02/06/2026	30/06/2025	20/06/2024	06/06/2023	07/06/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	20/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	04/08/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	16/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	13/08/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	09/07/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	15/06/2009	Dutch	PDF
Abridged modelCorrection	31/12/2007	03/06/2008	12/09/2008	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 14 ended

Active mandates

Karel Geerts

Director · since 15 octobre 1990

Active

Ended mandates

Jan Geerts

Director · since 05 juin 2007 · until 05 juin 2013

Ended

Karel Geerts

Director · since 05 juin 2007 · until 05 juin 2013

Ended

Karel Geerts

Managing director · since 05 juin 2007 · until 04 juin 2013

Ended

Karel Geerts

Managing director · since 05 juin 2007 · until 05 juin 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/10/2023
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates07/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/08/2007
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Registered office08/11/2004
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/11/2002
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20254,9 k €↓
2024
Annual accounts 202440,6 k €↑
2023
Annual accounts 202321 k €↑
2022
Annual accounts 20228,2 k €↓
2021
Annual accounts 202121,5 k €↑
2020
Annual accounts 20201,4 k €↑
2019
Annual accounts 2019321,2 €↓
2018
Annual accounts 20188 k €↑
2017
Annual accounts 20173,6 k €↓
2016
Annual accounts 20166,9 k €↑
2015
Annual accounts 20153,7 k €↑
2014
Annual accounts 2014-6 k €↓
2013
Annual accounts 20132,8 k €↓
2012
Annual accounts 20127 k €↑
2011
Annual accounts 201166 €↓
2010
Annual accounts 201010,1 k €↑
2009
Annual accounts 2009-33,7 k €↓
2008
Annual accounts 200812,5 k €↑
2007
Annual accounts 20077,5 k €↑
2006
Annual accounts 20063,5 k €
15/04/1981
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HERBERT WATSON (BELGIUM)

Overview

What does HERBERT WATSON (BELGIUM) do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline