ACTIVE

ANCIENS ETABLISSEMENTS RENE WATTEAU

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Financial year 2024 · Closed on 31/12/2024

Net result1,6 M €+6,5 %over 1 year

Revenue40,1 M €+0,5 %over 1 year

Equity6,3 M €+34,2 %over 1 year

Workforce44,0 ETP-0,5 %over 1 year

Identity

Source · BCE/KBO

ANCIENS ETABLISSEMENTS RENE WATTEAU is a Public limited company incorporated in 1998. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Molenbeek-Saint-Jean. It employs on average 44,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0462.412.361
Incorporation: 14/01/1998
Legal form: Public limited company
Registered office: Rue Delaunoy 114
1080 Molenbeek-Saint-Jean · BruxellesSee on map
Contributed capital: 193 592,01 €
Latest accounts: 31/12/2024
Average workforce: 44,0 ETP

Activities (NACE)

46732Wholesale of wood, construction materials and sanitary equipment· main 46832Wholesale trade, except of motor vehicles and motorcycles 51531Air transport 16100Sawmilling and planing of wood 16110Sawmilling and planing of wood 16281Manufacture of products of wood, cork, straw and plaiting materials+5

Joint committees (2)

12503
200

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2024		2023		2022		2021		2020
Income statement
Revenue	40,1 M €	+0.5%	39,9 M €	+7.3%	37,2 M €	+19.4%	31,1 M €	+5.9%	29,4 M €
EBITDA	3,7 M €	+8.9%	3,4 M €	-20.5%	4,3 M €	+12.0%	3,8 M €	-30.0%	5,5 M €
Operating result	2,3 M €	+9.0%	2,1 M €	-29.5%	3 M €	+12.0%	2,7 M €	-42.8%	4,7 M €
Net result	1,6 M €	+6.5%	1,5 M €	-38.4%	2,4 M €	+17.9%	2 M €	-43.2%	3,5 M €
Balance sheet
Equity	6,3 M €	+34.2%	4,7 M €	-9.6%	5,2 M €	+7.1%	4,9 M €	-41.7%	8,4 M €
Total assets	28,4 M €	-10.5%	31,7 M €	+16.3%	27,2 M €	+12.1%	24,3 M €	+10.3%	22 M €
Cash	258,2 k €	-67.8%	801,5 k €	-29.4%	1,1 M €	-29.5%	1,6 M €	+156%	628,6 k €
Debts	22 M €	-18.4%	27 M €	+22.6%	22 M €	+13.3%	19,4 M €	+42.2%	13,7 M €
Other
Workforce	44,0 ETP	-0.5%	44,2 ETP	+7.0%	41,3 ETP	+18.0%	35,0 ETP	-0.3%	35,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

4 active · 10 ended

Active mandates

Sümuni KUCUKKAPLAN

Director · since 02 janvier 2025 · until 01 janvier 2031

Active

Gevriye MUTLU

Director · since 13 mai 2021 · until 12 mai 2027

Active

Ilyas MUTLU

Managing director · since 13 mai 2021 · until 12 mai 2027

Active

Isa MUTLU

Director · since 13 mai 2021 · until 12 mai 2027

Active

Ended mandates

Gevrije Mutlu

Director · since 13 mai 2015 · until 12 mai 2021

Ended

Ilyas Mutlu

Managing director · since 13 mai 2015 · until 12 mai 2021

Ended

Isa MUTLU

Director · since 13 mai 2015 · until 12 mai 2021

Ended

Gevrije Mutlu

Director · since 21 février 2011 · until 13 mai 2013

Ended

Other companies at this address

Rue Delaunoy 114 1080 Molenbeek-Saint-Jean

Company	CBE no.
GUNES● Active	0466.135.577

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2025	26/08/2024	28/07/2023	23/06/2022	22/07/2021	16/07/2020
General meeting	20/06/2025	19/07/2024	30/06/2023	10/06/2022	20/07/2021	03/06/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	20/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	19/07/2024	26/08/2024	French	PDF
Full model	31/12/2022	30/06/2023	28/07/2023	French	PDF
Full model	31/12/2021	10/06/2022	23/06/2022	French	PDF
Full model	31/12/2020	20/07/2021	22/07/2021	French	PDF
Full model	31/12/2019	03/06/2020	16/07/2020	French	PDF
Full model	31/12/2018	14/06/2019	12/07/2019	French	PDF
Full model	31/12/2017	06/08/2018	30/08/2018	French	PDF
Full model	31/12/2016	17/07/2017	20/07/2017	French	PDF
Full model	31/12/2015	29/06/2016	31/08/2016	French	PDF
Full model	31/12/2014	31/07/2015	13/11/2015	French	PDF
Full model	31/12/2013	30/06/2014	28/08/2014	French	PDF
Full model	31/12/2012	30/06/2013	27/08/2013	French	PDF
Full model	31/12/2011	30/07/2012	28/08/2012	French	PDF
Full model	31/12/2010	30/06/2011	31/08/2011	French	PDF
Full model	31/12/2009	30/06/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	07/10/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2024

4 active · 10 ended

Active mandates

Sümuni KUCUKKAPLAN

Director · since 02 janvier 2025 · until 01 janvier 2031

Active

Gevriye MUTLU

Director · since 13 mai 2021 · until 12 mai 2027

Active

Ilyas MUTLU

Managing director · since 13 mai 2021 · until 12 mai 2027

Active

Isa MUTLU

Director · since 13 mai 2021 · until 12 mai 2027

Active

Ended mandates

Gevrije Mutlu

Director · since 13 mai 2015 · until 12 mai 2021

Ended

Ilyas Mutlu

Managing director · since 13 mai 2015 · until 12 mai 2021

Ended

Isa MUTLU

Director · since 13 mai 2015 · until 12 mai 2021

Ended

Gevrije Mutlu

Director · since 21 février 2011 · until 13 mai 2013

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other19/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates07/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates29/03/2011
DEMISSIONS, NOMINATIONS
PDF

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

See the Business plan

Timeline

2024
Annual accounts 20241,6 M €↑
2023
Annual accounts 20231,5 M €↓
2022
Annual accounts 20222,4 M €↑
2021
Annual accounts 20212 M €↓
2020
Annual accounts 20203,5 M €↑
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 2018802 k €↑
2017
Annual accounts 2017600,8 k €↑
2016
Annual accounts 201646 k €↓
2015
Annual accounts 2015209,4 k €↓
2014
Annual accounts 2014425,4 k €↓
2013
Annual accounts 2013760,8 k €↑
2012
Annual accounts 2012203,1 k €↑
2011
Annual accounts 201195,6 k €↑
2010
Annual accounts 201086,2 k €↑
2009
Annual accounts 200964,7 k €↑
2008
Annual accounts 2008-928 €↑
2007
Annual accounts 2007-41,6 k €↓
2006
Annual accounts 200615,3 k €
14/01/1998
IncorporationPublic limited company

ANCIENS ETABLISSEMENTS RENE WATTEAU

Overview

Identity

Financials

Valuation

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

Timeline