ACTIVE

WATSON - MARLOW

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 M €

+30.9% YoY

Gross margin

3,5 M €

+42.3% YoY

Equity

603,4 k €

+101.4% YoY

Workforce

5,6 ETP

-5.1% YoY

What does WATSON - MARLOW do?

WATSON - MARLOW is a Public limited company incorporated in 1994. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Gent. It employs on average 5,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.242.783

Incorporation

28/12/1994

Legal form

Public limited company

Registered office

Industriepark-Zwijnaarde 5
9052 Gent · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

5,6 ETP

Activities (NACE)

46190Agents involved in the sale of a variety of goods· main 46190Agents involved in the sale of a variety of goods 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51190Passenger air transport 51872Air transport+3

Joint committees (3)

200
20000
218

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	3,5 M €	+42.3%	2,4 M €	+22.3%	2 M €	-30.6%	2,9 M €	-7.4%	3,1 M €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	2,3 M €	+23.9%	1,9 M €	+15.2%	1,6 M €	-32.0%	2,4 M €	-12.3%	2,7 M €	+35.7%	2 M €	+54.7%	1,3 M €	+19.4%	1,1 M €	+34.4%	809,1 k €	+6.5%	759,9 k €	+0.3%	757,8 k €	+6.2%	713,7 k €	+8.1%	660,1 k €	+25.2%	527,1 k €	+18.6%	444,4 k €	+35.1%	328,9 k €
Operating result	2,3 M €	+24.1%	1,8 M €	+15.2%	1,6 M €	-32.6%	2,4 M €	-12.3%	2,7 M €	+36.2%	2 M €	+54.7%	1,3 M €	+19.6%	1,1 M €	+35.4%	792,4 k €	+6.7%	742,6 k €	+0.3%	740,7 k €	+5.6%	701,2 k €	+8.0%	649,1 k €	+25.6%	516,6 k €	+19.3%	432,9 k €	+36.5%	317,2 k €
Net result	1,7 M €	+30.9%	1,3 M €	+9.5%	1,2 M €	-30.5%	1,7 M €	-10.5%	1,9 M €	+42.1%	1,3 M €	+55.6%	863,5 k €	+13.5%	761 k €	+69.2%	449,7 k €	-0.3%	451 k €	-11.4%	509,1 k €	+17.8%	432,2 k €	+0.9%	428,5 k €	+25.4%	341,6 k €	+20.2%	284,2 k €	+36.4%	208,5 k €
Balance sheet
Equity	603,4 k €	+101%	299,6 k €	+205%	98,1 k €	+0.3%	97,8 k €	+10.2%	88,8 k €	+7.0%	83 k €	+11.1%	74,7 k €	+4.9%	71,2 k €	-16.4%	85,2 k €	-0.3%	85,5 k €	+1.1%	84,5 k €	+12.1%	75,4 k €	+3.1%	73,2 k €	-2.0%	74,7 k €	+2.2%	73,1 k €	+6.2%	68,8 k €
Total assets	3,7 M €	+31.8%	2,8 M €	+15.8%	2,4 M €	-21.7%	3,1 M €	+20.7%	2,6 M €	+16.9%	2,2 M €	+49.6%	1,5 M €	+18.8%	1,2 M €	+60.1%	771,4 k €	-1.1%	780 k €	-2.4%	799,2 k €	+8.8%	734,3 k €	+7.8%	681 k €	+11.3%	612 k €	+31.5%	465,5 k €	+8.3%	429,8 k €
Cash	–		0 €	-100%	1,5 M €	-20.2%	1,9 M €	+98.6%	974,8 k €	+4.0%	937,2 k €	+25.4%	747,6 k €	+60.5%	465,9 k €	+122%	209,5 k €	-32.8%	311,8 k €	-19.4%	387 k €	+44.6%	267,6 k €	-13.0%	307,5 k €	+25.1%	245,9 k €	+9.2%	225,2 k €	+40.6%	160,2 k €
Debts	3,1 M €	+23.4%	2,5 M €	+7.8%	2,3 M €	-22.4%	3 M €	+21.1%	2,5 M €	+17.2%	2,1 M €	+51.7%	1,4 M €	+19.7%	1,2 M €	+70.6%	682,3 k €	-0.8%	687,5 k €	-2.7%	706,4 k €	+8.1%	653,7 k €	+8.1%	604,7 k €	+13.2%	534,3 k €	+37.9%	387,3 k €	+8.1%	358,2 k €
Other
Workforce	5,6 ETP	-5.1%	5,9 ETP	-3.3%	6,1 ETP	+19.6%	5,1 ETP	+34.2%	3,8 ETP	+5.6%	3,6 ETP	+24.1%	2,9 ETP	-3.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+11.1%	2,7 ETP	+35.0%	2,0 ETP	0.0%	2,0 ETP	+17.6%	1,7 ETP	-5.6%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Andrew Murphy

Director · since 12 avril 2026 · until 02 mai 2031

Active

Danielle Burnford

Director · since 01 août 2024 · until 12 avril 2026

Active

Laurent Viatte

Director · since 01 août 2024 · until 02 mai 2029

Active

Danny Fine

Director · since 01 juillet 2018

Active

Ended mandates

Danielle Burnford

Director · since 01 août 2024 · until 02 mai 2029

Ended

Mai Møllekær

Director · since 01 juillet 2021 · until 01 août 2024

Ended

Mai Møllekær

Director · since 01 juillet 2021 · until 02 mai 2027

Ended

Mai Møllekær

Director · since 01 juillet 2021 · until 30 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
SPIRAX - SARCO● Active	0400.104.610

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	14/07/2026	25/08/2025	18/07/2024	29/08/2023	30/06/2022	05/07/2021
General meeting	10/07/2026	31/07/2025	18/06/2024	28/08/2023	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
Abridged model	31/12/2025	10/07/2026	14/07/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	25/08/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	28/08/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	05/07/2021	Dutch	PDF
Full model	31/12/2019	28/08/2020	02/09/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	07/06/2018	Dutch	PDF
Full model	31/12/2016	02/05/2017	29/05/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	04/05/2015	02/10/2015	Dutch	PDF
Full model	31/12/2013	02/05/2014	26/05/2014	Dutch	PDF
Full model	31/12/2012	02/05/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	02/05/2012	01/06/2012	Dutch	PDF
Full model	31/12/2010	02/05/2011	25/05/2011	Dutch	PDF
Full model	31/12/2009	03/05/2010	10/05/2010	Dutch	PDF
Full model	31/12/2008	04/05/2009	27/05/2009	Dutch	PDF
Full model	31/12/2007	02/05/2008	16/05/2008	Dutch	PDF
Full model	31/12/2006	02/05/2007	31/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 22 ended

Active mandates

Andrew Murphy

Director · since 12 avril 2026 · until 02 mai 2031

Active

Danielle Burnford

Director · since 01 août 2024 · until 12 avril 2026

Active

Laurent Viatte

Director · since 01 août 2024 · until 02 mai 2029

Active

Danny Fine

Director · since 01 juillet 2018

Active

Ended mandates

Danielle Burnford

Director · since 01 août 2024 · until 02 mai 2029

Ended

Mai Møllekær

Director · since 01 juillet 2021 · until 01 août 2024

Ended

Mai Møllekær

Director · since 01 juillet 2021 · until 02 mai 2027

Ended

Mai Møllekær

Director · since 01 juillet 2021 · until 30 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2019
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 20251,7 M €↑
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 20231,2 M €↓
2022
Annual accounts 20221,7 M €↓
2021
Annual accounts 20211,9 M €↑
2019
Annual accounts 20191,3 M €↑
2017
Annual accounts 2017863,5 k €↑
2016
Annual accounts 2016761 k €↑
2015
Annual accounts 2015449,7 k €↓
2014
Annual accounts 2014451 k €↓
2013
Annual accounts 2013509,1 k €↑
2012
Annual accounts 2012432,2 k €↑
2011
Annual accounts 2011428,5 k €↑
2010
Annual accounts 2010341,6 k €↑
2009
Annual accounts 2009284,2 k €↑
2008
Annual accounts 2008208,5 k €
28/12/1994
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

WATSON - MARLOW

Overview

What does WATSON - MARLOW do?

Trend over 16 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