by Watson
0455.718.965 · rovalta.com · 23/09/2026
ACTIVE
by Watson (SA)
Financial year 2025 · closed on 31/12/2025
Net result
719,6 k €
+14.0% YoY
Gross margin
4,2 M €
+8.1% YoY
Equity
2 M €
+57.0% YoY
Workforce
38,0 ETP
+3.0% YoY
Overview
What does by Watson do?
by Watson is a Public limited company incorporated in 1995. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Kortrijk. It employs on average 38,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0455.718.965
Incorporation
22/08/1995
Legal form
Public limited company
Registered office
Beneluxpark(Kor) 23
8500 Kortrijk · FlandreSee on map
8500 Kortrijk · FlandreSee on map
Contributed capital
176 100,00 €
Latest accounts
31/12/2025
Average workforce
38,0 ETP
Activities (NACE)
Joint committees (4)
- 100
- 200
- 336
- 33600
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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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 | 4,2 M € | +8.1% | 3,9 M € | -3.0% | 4 M € | +19.8% | 3,4 M € | +1.9% | 3,3 M € | -4.3% | 3,5 M € | +0.9% | 3,4 M € | +38.0% | 2,5 M € | +6.4% | 2,3 M € | -16.8% | 2,8 M € | -4.5% | 2,9 M € | +27.9% | 2,3 M € | -1.4% | 2,3 M € | +1.6% | 2,3 M € | +2.9% | 2,2 M € | +3.5% | 2,2 M € | +31.3% | 1,6 M € | +3.5% | 1,6 M € | +1.7% | 1,6 M € | +14.5% | 1,4 M € |
| EBITDA | 1,4 M € | +9.1% | 1,3 M € | -13.9% | 1,5 M € | +49.8% | 986,1 k € | -11.3% | 1,1 M € | -1.4% | 1,1 M € | -13.0% | 1,3 M € | +38.8% | 933,2 k € | -3.8% | 969,6 k € | -28.8% | 1,4 M € | -8.4% | 1,5 M € | +68.6% | 882,2 k € | +5.6% | 835,6 k € | +12.0% | 746,1 k € | -6.2% | 795,4 k € | +11.8% | 711,5 k € | +133% | 305,2 k € | -33.7% | 460 k € | +8.7% | 423,3 k € | +105% | 206,3 k € |
| Operating result | 1 M € | +12.1% | 929,1 k € | -24.8% | 1,2 M € | +63.8% | 754,1 k € | -13.4% | 870,9 k € | -2.8% | 896,3 k € | -4.3% | 937 k € | +41.5% | 662 k € | -8.9% | 726,8 k € | -34.1% | 1,1 M € | -5.5% | 1,2 M € | +140% | 487 k € | -16.0% | 579,4 k € | -1.0% | 585,2 k € | -0.1% | 585,8 k € | -3.2% | 604,9 k € | +217% | 190,7 k € | -47.9% | 365,9 k € | +0.5% | 364 k € | +132% | 156,9 k € |
| Net result | 719,6 k € | +14.0% | 631,3 k € | -38.6% | 1 M € | +66.4% | 617,6 k € | -9.2% | 679,8 k € | -4.1% | 708,5 k € | -31.4% | 1 M € | +139% | 431,7 k € | -12.7% | 494,4 k € | -28.8% | 693,8 k € | -6.1% | 739,2 k € | +129% | 322,8 k € | -12.1% | 367,3 k € | -2.8% | 377,7 k € | -2.6% | 387,8 k € | +3.3% | 375,3 k € | +367% | 80,3 k € | -59.0% | 196 k € | -4.2% | 204,6 k € | +110% | 97,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 2 M € | +57.0% | 1,3 M € | +100.0% | 631,6 k € | -26.3% | 856,9 k € | -32.2% | 1,3 M € | +43.0% | 884,3 k € | +85.9% | 475,7 k € | -65.0% | 1,4 M € | +46.5% | 928,2 k € | +59.0% | 583,9 k € | -39.2% | 961 k € | +72.3% | 557,8 k € | -66.5% | 1,7 M € | +28.3% | 1,3 M € | +1.4% | 1,3 M € | +31.0% | 975,5 k € | +1.6% | 960,2 k € | +9.1% | 879,9 k € | +28.7% | 683,9 k € | +42.7% | 479,3 k € |
| Total assets | 3,9 M € | -4.7% | 4,1 M € | -5.4% | 4,3 M € | +43.3% | 3 M € | -18.1% | 3,7 M € | -0.4% | 3,7 M € | +5.6% | 3,5 M € | -5.4% | 3,7 M € | +11.6% | 3,3 M € | +9.6% | 3 M € | -11.7% | 3,4 M € | -4.3% | 3,6 M € | -15.2% | 4,2 M € | +104% | 2,1 M € | -6.7% | 2,2 M € | -8.2% | 2,4 M € | +1.8% | 2,4 M € | +0.3% | 2,4 M € | +4.0% | 2,3 M € | +160% | 878,3 k € |
| Cash | 892 k € | +197% | 299,9 k € | -45.1% | 546 k € | +155% | 213,9 k € | -62.9% | 577,2 k € | +33.2% | 433,4 k € | +54.6% | 280,3 k € | -25.3% | 375,3 k € | +44.8% | 259,2 k € | +17.8% | 220,1 k € | -51.7% | 455,5 k € | -6.7% | 488,3 k € | -78.5% | 2,3 M € | +288% | 586,3 k € | +291% | 149,9 k € | -52.7% | 317 k € | +112% | 149,3 k € | +43.3% | 104,2 k € | -38.4% | 169,1 k € | +346% | 37,9 k € |
| Debts | 1,9 M € | -33.1% | 2,8 M € | -23.9% | 3,6 M € | +73.0% | 2,1 M € | -11.4% | 2,4 M € | -14.4% | 2,8 M € | -7.3% | 3 M € | +29.2% | 2,3 M € | -1.9% | 2,4 M € | -0.1% | 2,4 M € | -0.9% | 2,4 M € | -20.2% | 3 M € | +21.7% | 2,5 M € | +278% | 650,2 k € | -20.0% | 812,4 k € | -38.1% | 1,3 M € | +0.0% | 1,3 M € | -5.1% | 1,4 M € | -5.7% | 1,5 M € | +363% | 316,3 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 38,0 ETP | +3.0% | 36,9 ETP | +2.5% | 36,0 ETP | -6.5% | 38,5 ETP | +3.2% | 37,3 ETP | -6.3% | 39,8 ETP | +6.4% | 37,4 ETP | +39.6% | 26,8 ETP | +8.5% | 24,7 ETP | 0.0% | 24,7 ETP | +3.3% | 23,9 ETP | -8.1% | 26,0 ETP | 0.0% | 26,0 ETP | -3.0% | 26,8 ETP | +1.1% | 26,5 ETP | +4.7% | 25,3 ETP | +2.8% | 24,6 ETP | +9.8% | 22,4 ETP | +8.7% | 20,6 ETP | +3.0% | 20,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 8 active · 63 ended
Active mandates
Active
Active
Active
Active
Active
Active
Active
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BENEKOR● Active | 0840.962.977 |
by Watson Nazareth● Active | 0799.877.143 |
ICS4U● Active | 0888.020.845 |
Orobos● Active | 1028.603.044 |
Financials
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 | 29/06/2026 | 24/06/2025 | 18/07/2024 | 29/06/2023 | 27/06/2022 | 02/06/2021 |
| General meeting | 28/05/2026 | 30/05/2025 | 30/05/2024 | 25/05/2023 | 27/05/2022 | 27/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 28/05/2026 | 29/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/05/2025 | 24/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 30/05/2024 | 18/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 25/05/2023 | 29/06/2023 | Dutch | |
| Abridged model | 31/12/2021 | 27/05/2022 | 27/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 27/05/2021 | 02/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 28/05/2020 | 22/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 31/05/2019 | 14/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 31/05/2018 | 08/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 26/05/2017 | 13/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 27/02/2016 | 13/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 28/05/2015 | 22/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/05/2014 | 17/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 30/05/2013 | 14/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 31/05/2012 | 26/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 26/05/2011 | 15/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 27/05/2010 | 18/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 28/05/2009 | 01/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 29/05/2008 | 19/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 31/05/2007 | 26/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 8 active · 63 ended
Active mandates
Active
Active
Active
Active
Active
Active
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other01/06/2026BENAMING
- Mandates05/11/2025ONTSLAGEN - BENOEMINGEN
- Mandates28/03/2025ONTSLAGEN - BENOEMINGEN
- Mandates17/11/2023ONTSLAGEN - BENOEMINGEN
- Mandates15/07/2022ONTSLAGEN - BENOEMINGEN
- Mandates01/07/2022ONTSLAGEN - BENOEMINGEN
- Restructuring08/03/2022RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring06/01/2022RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025719,6 k €↑
- 2025Name changeby Watson
- 2024Annual accounts 2024631,3 k €↓
- 2023Annual accounts 20231 M €↑
- 2022Annual accounts 2022617,6 k €↓
- 2021Annual accounts 2021679,8 k €↓
- 2021Name changeDKF FIDUCIAIRE
- 2020Annual accounts 2020708,5 k €↓
- 2019Annual accounts 20191 M €↑
- 2018Annual accounts 2018431,7 k €↓
- 2017Annual accounts 2017494,4 k €↓
- 2016Annual accounts 2016693,8 k €↓
- 2015Annual accounts 2015739,2 k €↑
- 2014Annual accounts 2014322,8 k €↓
- 2013Annual accounts 2013367,3 k €↓
- 2012Annual accounts 2012377,7 k €↓
- 2011Annual accounts 2011387,8 k €↑
- 2010Annual accounts 2010375,3 k €↑
- 2009Annual accounts 200980,3 k €↓
- 2008Annual accounts 2008196 k €↓
- 2007Annual accounts 2007204,6 k €↑
- 2006Annual accounts 200697,5 k €
- 2006Name changeDE KORTRIJKSE FIDUCIAIRE
- 22/08/1995IncorporationPublic limited company