Kelvin & Watts Engineering
0467.151.703 · rovalta.com · 25/09/2026
ACTIVE
Kelvin & Watts Engineering
Financial year 2025 · Closed on 31/12/2025
Net result77,2 k €+2 467,5 %over 1 year
Gross margin122,5 k €+6 945,1 %over 1 year
Equity78,3 k €+7 380,6 %over 1 year
Overview
Identity
Source · BCE/KBOKelvin & Watts Engineering is a Private limited company incorporated in 1999. Its registered office is in Nivelles.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0467.151.703
- Incorporation
- 28/10/1999
- Legal form
- Private limited company
- Registered office
- Avenue Robert Schuman 51/41
1401 Nivelles · WallonieSee on map - Contributed capital
- 18 600,00 €
- Latest accounts
- 31/12/2025
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Financials
Source · NBB, 20 filingsTrend over 16 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 122,5 k € | +6945% | -1,8 k € | +60.4% | -4,5 k € | -127% | 16,7 k € | -27.7% | 23,1 k € |
| EBITDA | 104,4 k € | +4871% | -2,2 k € | +51.9% | -4,5 k € | -211% | 4,1 k € | -59.0% | 9,9 k € |
| Operating result | 104,4 k € | +3322% | -3,2 k € | +49.3% | -6,4 k € | -432% | 1,9 k € | -78.9% | 9,1 k € |
| Net result | 77,2 k € | +2468% | -3,3 k € | +53.2% | -7 k € | -506% | 1,7 k € | -80.3% | 8,7 k € |
| Balance sheet | |||||||||
| Equity | 78,3 k € | +7381% | 1 k € | -75.7% | 4,3 k € | -61.9% | 11,3 k € | +17.9% | 9,6 k € |
| Total assets | 185,5 k € | +17620% | 1 k € | -93.6% | 16,2 k € | -27.4% | 22,4 k € | -18.2% | 27,3 k € |
| Cash | 106,4 k € | +10077% | 1 k € | -73.3% | 3,9 k € | -36.5% | 6,2 k € | -18.3% | 7,6 k € |
| Debts | 106 k € | – | 11,9 k € | +7.8% | 11,1 k € | -37.7% | 17,7 k € | ||
Valuation
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20254 active · 4 ended
Active mandates
Dimitru Ungurean
ActiveJean-Claude Materne
ActiveMelchior Martin
ActiveLaurence Nürenberg
ActiveEnded mandates
Jean-Claude Materne
EndedJean-Claude MATERNE
EndedJean-Claude Materne
EndedLaurence Nürenberg
EndedFinancials
Full financial information
Source · NBB| 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 | 28/08/2026 | 30/08/2025 | 22/12/2024 | 27/12/2023 | 23/12/2022 | 18/08/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 12/06/2024 | 07/06/2023 | 08/06/2022 | 18/08/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 30/06/2026 | 28/08/2026 | French | |
| Micro model | 31/12/2024 | 30/06/2025 | 30/08/2025 | French | |
| Micro model | 31/12/2023 | 12/06/2024 | 22/12/2024 | French | |
| Micro model | 31/12/2022 | 07/06/2023 | 27/12/2023 | French | |
| Micro model | 31/12/2021 | 08/06/2022 | 23/12/2022 | French | |
| Micro model | 31/12/2020 | 18/08/2021 | 18/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 15/10/2020 | 19/10/2020 | French | |
| Micro model | 31/12/2018 | 01/08/2019 | 20/08/2019 | French | |
| Micro model | 31/12/2017 | 30/05/2018 | 16/08/2018 | French | |
| Micro model | 31/12/2016 | 06/06/2017 | 17/08/2017 | French | |
| Abridged model | 31/12/2015 | 01/06/2016 | 02/06/2016 | French | |
| Abridged model | 31/12/2014 | 03/06/2015 | 11/06/2015 | French | |
| Abridged model | 31/12/2013 | 04/06/2014 | 24/06/2014 | French | |
| Abridged model | 31/12/2012 | 05/06/2013 | 22/07/2013 | French | |
| Abridged model | 31/12/2011 | 06/06/2012 | 13/07/2012 | French | |
| Abridged model | 31/12/2010 | 01/06/2011 | 25/07/2011 | French | |
| Abridged model | 31/12/2009 | 02/06/2010 | 23/07/2010 | French | |
| Abridged model | 31/12/2008 | 05/06/2009 | 05/06/2009 | French | |
| Abridged model | 31/12/2007 | 04/06/2008 | 22/07/2008 | French | |
| Abridged model | 31/12/2006 | 06/06/2007 | 20/08/2007 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
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
Board of directors
Source · NBB, accounts to 31/12/20254 active · 4 ended
Active mandates
Dimitru Ungurean
ActiveJean-Claude Materne
ActiveMelchior Martin
ActiveLaurence Nürenberg
ActiveEnded mandates
Jean-Claude Materne
EndedJean-Claude MATERNE
EndedJean-Claude Materne
EndedLaurence Nürenberg
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official GazetteSimilar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202577,2 k €↑
- 2024Annual accounts 2024-3,3 k €↑
- 2024Name changeKelvin & Watts Engineering
- 2023Annual accounts 2023-7 k €↓
- 2022Annual accounts 20221,7 k €↓
- 2021Annual accounts 20218,7 k €↑
- 2021Name changeFREE STYLE R.
- 2018Annual accounts 2018-9,5 k €↓
- 2015Annual accounts 2015-468,9 €↓
- 2014Annual accounts 20147,9 k €↓
- 2013Annual accounts 201325 k €↑
- 2012Annual accounts 20125,4 k €↓
- 2011Annual accounts 201136 k €↑
- 2010Annual accounts 2010-21,1 k €↓
- 2009Annual accounts 20092,9 k €↑
- 2008Annual accounts 2008-2,6 k €↓
- 2007Annual accounts 2007-1,2 k €↓
- 2006Annual accounts 200658 k €
- 28/10/1999IncorporationPrivate limited company