ACTIVE

WATRIN

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Financial year 2025 · closed on 31/12/2025

Net result

167,6 k €

+8.6% YoY

Gross margin

268,5 k €

+12.9% YoY

Equity

611,2 k €

-29.6% YoY

What does WATRIN do?

WATRIN is a Private limited company incorporated in 1993. Its main activity is: Agents involved in the sale of timber and building materials. Its registered office is in Sint-Niklaas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.077.633

Incorporation

04/01/1993

Legal form

Private limited company

Registered office

Molenstraat 47
9112 Sint-Niklaas · FlandreSee on map

Contributed capital

21 070,95 €

Latest accounts

31/12/2025

Activities (NACE)

46130Agents involved in the sale of timber and building materials· main 46130Agents involved in the sale of timber and building materials 51130Passenger air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	268,5 k €	+12.9%	237,8 k €	+0.8%	235,9 k €	+6.8%	220,8 k €	+17.2%	188,4 k €	+32.0%	142,7 k €	-35.1%	220 k €	+50.5%	146,1 k €	+19.8%	122 k €	-31.2%	177,3 k €	-22.9%	229,9 k €	+38.9%	165,5 k €	+13.3%	146,1 k €	+31.0%	111,6 k €	+1.5%	109,9 k €	+20.1%	91,5 k €	-8.8%	100,3 k €	+4.3%	96,1 k €	+67.6%	57,4 k €	-28.4%	80,2 k €
EBITDA	265,9 k €	+13.0%	235,3 k €	+0.9%	233,1 k €	+7.0%	217,8 k €	+18.7%	183,5 k €	+30.9%	140,2 k €	-34.8%	215 k €	+51.3%	142,1 k €	+19.5%	118,9 k €	-32.9%	177,3 k €	-22.1%	227,7 k €	+39.7%	162,9 k €	+12.9%	144,3 k €	+31.5%	109,7 k €	+3.2%	106,3 k €	+17.8%	90,3 k €	-6.7%	96,8 k €	+2.1%	94,8 k €	+69.9%	55,8 k €	-23.0%	72,4 k €
Operating result	223,5 k €	+8.1%	206,8 k €	+7.5%	192,3 k €	+7.8%	178,4 k €	+25.4%	142,2 k €	+33.6%	106,4 k €	-40.8%	179,8 k €	+102%	89,1 k €	+28.0%	69,6 k €	-46.1%	129,2 k €	-28.1%	179,8 k €	+46.5%	122,8 k €	+17.4%	104,5 k €	+35.6%	77,1 k €	+1.7%	75,8 k €	+28.7%	58,9 k €	-14.0%	68,5 k €	-7.2%	73,8 k €	+108%	35,5 k €	+594%	5,1 k €
Net result	167,6 k €	+8.6%	154,3 k €	+11.8%	138 k €	+18.5%	116,5 k €	+27.5%	91,4 k €	+22.0%	75 k €	-37.3%	119,5 k €	+93.9%	61,6 k €	+52.6%	40,4 k €	-45.9%	74,7 k €	-22.7%	96,6 k €	+23.6%	78,2 k €	+17.5%	66,5 k €	+52.1%	43,7 k €	-3.3%	45,2 k €	+43.3%	31,5 k €	-23.3%	41,1 k €	-20.8%	51,9 k €	-51.9%	108 k €	+4241%	-2,6 k €
Balance sheet
Equity	611,2 k €	-29.6%	868,3 k €	+21.6%	714,1 k €	+15.0%	620,9 k €	+7.2%	579,4 k €	-10.5%	647,2 k €	-0.5%	650,7 k €	+22.5%	531,2 k €	-16.6%	636,9 k €	+7.2%	593,9 k €	+14.4%	519,2 k €	+22.9%	422,6 k €	+22.7%	344,5 k €	+8.5%	317,6 k €	+4.3%	304,5 k €	+16.2%	262 k €	+10.9%	236,1 k €	+6.1%	222,6 k €	+26.5%	176 k €	+140%	73,2 k €
Total assets	716,7 k €	-22.6%	925,7 k €	+19.0%	777,7 k €	+7.3%	724,7 k €	+7.8%	672,2 k €	-12.7%	770,2 k €	-4.6%	807,3 k €	-2.3%	826,1 k €	+0.6%	820,9 k €	+3.2%	795,2 k €	+4.6%	759,9 k €	+14.4%	664 k €	+3.5%	641,6 k €	+5.1%	610,2 k €	+1.7%	599,8 k €	+0.6%	596,4 k €	+4.5%	570,5 k €	-0.2%	571,4 k €	+29.0%	442,9 k €	-11.3%	499,3 k €
Cash	293 k €	+94.0%	151,1 k €	-52.6%	318,8 k €	+61.2%	197,8 k €	+151%	78,7 k €	-32.7%	117 k €	-23.9%	153,7 k €	-21.0%	194,6 k €	+2.0%	190,8 k €	+16.8%	163,3 k €	-2.9%	168,1 k €	+54.5%	108,9 k €	+11.7%	97,5 k €	+85.8%	52,5 k €	+70.3%	30,8 k €	-36.2%	48,3 k €	-11.2%	54,4 k €	-9.8%	60,3 k €	+34.3%	44,9 k €	+92.8%	23,3 k €
Debts	105,6 k €	+87.2%	56,4 k €	-8.8%	61,8 k €	-38.8%	101 k €	+13.3%	89,1 k €	-24.8%	118,4 k €	-21.1%	150 k €	-46.6%	281 k €	+67.2%	168,1 k €	-7.0%	180,8 k €	-17.0%	217,9 k €	+0.8%	216,2 k €	-19.8%	269,6 k €	+2.5%	263 k €	-0.1%	263,3 k €	-12.2%	300,1 k €	+0.9%	297,5 k €	-3.9%	309,6 k €	+37.2%	225,6 k €	-46.6%	422,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Frank WATRIN

Director · since 24 janvier 1993

Active

Ended mandates

Frank WATRIN

Manager · since 24 janvier 1993

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	31/08/2025	30/09/2024	12/10/2023	17/10/2022	30/09/2021
General meeting	27/08/2026	15/08/2025	30/08/2024	28/09/2023	25/09/2022	28/08/2021
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	27/08/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	15/08/2025	31/08/2025	Dutch	PDF
Micro model	31/12/2023	30/08/2024	30/09/2024	Dutch	PDF
Micro model	31/12/2022	28/09/2023	12/10/2023	Dutch	PDF
Micro model	31/12/2021	25/09/2022	17/10/2022	Dutch	PDF
Micro model	31/12/2020	28/08/2021	30/09/2021	Dutch	PDF
Micro model	31/12/2019	09/09/2020	30/10/2020	Dutch	PDF
Micro model	31/12/2018	05/06/2019	20/08/2019	Dutch	PDF
Micro model	31/12/2017	06/06/2018	07/06/2018	Dutch	PDF
Micro model	31/12/2016	07/06/2017	22/08/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	01/08/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	07/06/2013	Dutch	PDF
Abridged model	31/12/2011	26/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	31/08/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	18/10/2010	20/10/2010	Dutch	PDF
Abridged model	31/12/2008	10/09/2009	29/09/2009	Dutch	PDF
Abridged model	31/12/2007	30/09/2008	24/10/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	21/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 ended

Active mandates

Frank WATRIN

Director · since 24 janvier 1993

Active

Ended mandates

Frank WATRIN

Manager · since 24 janvier 1993

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/11/2018
KAPITAAL - AANDELEN
PDF
Capital / shares05/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office24/09/2007
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Registered office24/05/2004
MAATSCHAPPELIJKE ZETEL
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 2025167,6 k €↑
2024
Annual accounts 2024154,3 k €↑
2023
Annual accounts 2023138 k €↑
2022
Annual accounts 2022116,5 k €↑
2021
Annual accounts 202191,4 k €↑
2020
Annual accounts 202075 k €↓
2019
Annual accounts 2019119,5 k €↑
2018
Annual accounts 201861,6 k €↑
2017
Annual accounts 201740,4 k €↓
2016
Annual accounts 201674,7 k €↓
2015
Annual accounts 201596,6 k €↑
2014
Annual accounts 201478,2 k €↑
2013
Annual accounts 201366,5 k €↑
2012
Annual accounts 201243,7 k €↓
2011
Annual accounts 201145,2 k €↑
2010
Annual accounts 201031,5 k €↓
2009
Annual accounts 200941,1 k €↓
2008
Annual accounts 200851,9 k €↓
2007
Annual accounts 2007108 k €↑
2006
Annual accounts 2006-2,6 k €
04/01/1993
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

WATRIN

Overview

What does WATRIN do?

Trend over 20 financial years

Indicative valuation

Board of directors

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