ACTIVE

WATCOM

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Financial year 2025 · closed on 31/12/2025

Net result

8,1 k €

+19.0% YoY

Gross margin

23,8 k €

+0.9% YoY

Equity

110,8 k €

-9.7% YoY

What does WATCOM do?

WATCOM is a Private limited company incorporated in 1985. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.040.709

Incorporation

15/11/1985

Legal form

Private limited company

Registered office

Clos Hof ten Berg 30 box 7
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	23,8 k €	+0.9%	23,5 k €	-15.2%	27,8 k €	+49.8%	18,5 k €	-1.7%	18,8 k €	-73.7%	71,7 k €	+84.9%	38,8 k €	-39.3%	63,9 k €	+30.4%	49 k €	+291%	12,5 k €	-36.9%	19,9 k €	-20.1%	24,9 k €	-52.1%	52,1 k €	+10.5%	47,1 k €	-30.9%	68,1 k €	+22.6%	55,6 k €	+15.9%	48 k €	-29.9%	68,4 k €	+28.1%	53,4 k €	-12.1%	60,8 k €
EBITDA	21,3 k €	+5.5%	20,2 k €	-16.1%	24 k €	+60.4%	15 k €	-2.0%	15,3 k €	-77.0%	66,4 k €	+94.9%	34,1 k €	-43.7%	60,4 k €	+50.2%	40,3 k €	+297%	10,2 k €	-40.7%	17,1 k €	-21.9%	21,9 k €	-52.9%	46,6 k €	+8.8%	42,8 k €	-34.0%	64,8 k €	+25.4%	51,7 k €	+18.2%	43,7 k €	-33.1%	65,3 k €	+33.0%	49,1 k €	-14.0%	57,1 k €
Operating result	13,1 k €	+11.3%	11,8 k €	-27.7%	16,3 k €	+40.9%	11,6 k €	+1.1%	11,4 k €	-81.6%	62,1 k €	+164%	23,6 k €	-38.8%	38,5 k €	+104%	18,9 k €	+342%	-7,8 k €	-1414%	-514,7 €	-113%	4,1 k €	-82.7%	23,6 k €	+53.6%	15,4 k €	-58.5%	37 k €	+41.0%	26,3 k €	+3267%	-829,4 €	-102%	39,3 k €	+98.6%	19,8 k €	-30.2%	28,3 k €
Net result	8,1 k €	+19.0%	6,8 k €	-33.3%	10,2 k €	+46.5%	6,9 k €	+5.5%	6,6 k €	-84.5%	42,5 k €	+185%	14,9 k €	-40.2%	24,9 k €	+98.5%	12,5 k €	+245%	-8,7 k €	-435%	-1,6 k €	-152%	3,1 k €	-82.2%	17,5 k €	+85.8%	9,4 k €	-64.7%	26,7 k €	+31.2%	20,3 k €	+481%	-5,3 k €	-119%	28,1 k €	+121%	12,7 k €	-28.5%	17,8 k €
Balance sheet
Equity	110,8 k €	-9.7%	122,7 k €	+5.8%	115,9 k €	-11.8%	131,5 k €	-4.6%	137,9 k €	+5.0%	131,3 k €	+47.9%	88,8 k €	+20.2%	73,9 k €	+50.9%	49 k €	-81.6%	266,4 k €	-3.1%	275,1 k €	-0.6%	276,7 k €	+1.1%	273,6 k €	-15.2%	322,8 k €	+3.0%	313,4 k €	+9.3%	286,7 k €	+7.6%	266,4 k €	-2.0%	271,7 k €	+11.5%	243,7 k €	+5.5%	231 k €
Total assets	138,2 k €	+2.9%	134,3 k €	-12.1%	152,8 k €	+1.6%	150,5 k €	-18.4%	184,5 k €	+4.2%	177 k €	-31.1%	257 k €	+0.0%	256,9 k €	-17.6%	311,7 k €	+5.8%	294,6 k €	-11.6%	333,3 k €	+0.3%	332,5 k €	-21.3%	422,5 k €	-1.5%	429 k €	-7.3%	462,9 k €	+6.7%	433,9 k €	+3.2%	420,2 k €	+5.5%	398,4 k €	+7.6%	370,3 k €	-5.4%	391,6 k €
Cash	69 k €	+25.5%	55 k €	-19.4%	68,2 k €	-19.7%	84,9 k €	-26.4%	115,4 k €	+15.6%	99,8 k €	+64.8%	60,6 k €	+599%	8,7 k €	-77.6%	38,7 k €	+174%	14,1 k €	-66.2%	41,8 k €	+54.6%	27 k €	-76.7%	116,2 k €	+12.8%	103 k €	+55.6%	66,2 k €	-2.2%	67,7 k €	+70.3%	39,8 k €	-71.1%	137,4 k €	+33.5%	103 k €	+17.2%	87,9 k €
Debts	23,7 k €	+217%	7,5 k €	-76.9%	32,4 k €	+129%	14,2 k €	-65.8%	41,4 k €	+3.1%	40,2 k €	-75.2%	162,3 k €	-8.2%	176,7 k €	-31.0%	256,1 k €	+1112%	21,1 k €	-58.4%	50,8 k €	+5.9%	48 k €	-65.9%	140,8 k €	+44.1%	97,7 k €	-30.6%	140,7 k €	+2.0%	137,9 k €	-4.4%	144,2 k €	+23.6%	116,7 k €	+0.4%	116,3 k €	-22.5%	150 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Bernard DERU

Director

Active

Ended mandates

Bernard DERU

Manager

Ended

Gauthier DERU

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ACP Hof ten Berg à proximité du bld de la Woluwe à Woluwé-St-Lambert● Active	0680.755.896
Life and Chemistry Office● Active	0893.529.455
VEDIWEX● Active	0472.566.281

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	26/07/2026	25/06/2025	13/08/2024	21/07/2023	26/08/2022	26/07/2021
General meeting	29/06/2026	26/05/2025	30/06/2024	17/03/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/06/2026	26/07/2026	French	PDF
Micro model	31/12/2024	26/05/2025	25/06/2025	French	PDF
Micro model	31/12/2023	30/06/2024	13/08/2024	French	PDF
Micro model	31/12/2022	17/03/2023	21/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	26/07/2021	French	PDF
Abridged model	31/12/2019	10/06/2020	28/07/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	19/07/2019	French	PDF
Abridged model	31/12/2017	12/06/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	15/04/2017	24/04/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	20/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	12/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	30/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	18/06/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	04/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	26/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 2 ended

Active mandates

Bernard DERU

Director

Active

Ended mandates

Bernard DERU

Manager

Ended

Gauthier DERU

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates25/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates27/10/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates11/05/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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 20258,1 k €↑
2024
Annual accounts 20246,8 k €↓
2023
Annual accounts 202310,2 k €↑
2023
Name changeWATCOM
2022
Annual accounts 20226,9 k €↑
2021
Annual accounts 20216,6 k €↓
2021
Name changeDERU ET ASSOCIES
2020
Annual accounts 202042,5 k €↑
2019
Annual accounts 201914,9 k €↓
2018
Annual accounts 201824,9 k €↑
2017
Annual accounts 201712,5 k €↑
2016
Annual accounts 2016-8,7 k €↓
2015
Annual accounts 2015-1,6 k €↓
2014
Annual accounts 20143,1 k €↓
2013
Annual accounts 201317,5 k €↑
2012
Annual accounts 20129,4 k €↓
2011
Annual accounts 201126,7 k €↑
2010
Annual accounts 201020,3 k €↑
2009
Annual accounts 2009-5,3 k €↓
2008
Annual accounts 200828,1 k €↑
2007
Annual accounts 200712,7 k €↓
2006
Annual accounts 200617,8 k €
2006
Name changeBUREAU D'EXPERTISES BERNARD DERU ET ASSOCIES
15/11/1985
IncorporationPrivate 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

WATCOM

Overview

What does WATCOM 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