ACTIVE

WT SYSTEMS

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Financial year 2025 · closed on 31/12/2025

Net result

-140,7 k €

+42.9% YoY

Gross margin

64,1 k €

+211.6% YoY

Equity

234,4 k €

-37.5% YoY

Workforce

2,2 ETP

0.0% YoY

What does WT SYSTEMS do?

WT SYSTEMS is a Private limited company incorporated in 2001. Its registered office is in Oudenaarde. It employs on average 2,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.474.411

Incorporation

02/04/2001

Legal form

Private limited company

Registered office

Industriepark "De Bruwaan" 45J
9700 Oudenaarde · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

2,2 ETP

Joint committees (5)

149
14904
200
2000
218

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	64,1 k €	+212%	-57,4 k €	-334%	24,5 k €	-92.6%	330,2 k €	-20.1%	413,5 k €	-19.5%	513,9 k €	+6.6%	482 k €	+12.3%	429,3 k €	+9.3%	392,6 k €	-3.8%	408 k €	+1.1%	403,6 k €	+26.5%	319 k €	+51.3%	210,8 k €	-11.5%	238,2 k €	-3.0%	245,6 k €	-1.7%	249,7 k €	+15.1%	216,9 k €	+28.1%	169,4 k €	+20.3%	140,8 k €	-13.8%	163,3 k €
EBITDA	-90,7 k €	+59.9%	-226 k €	-89.8%	-119,1 k €	-166%	180,8 k €	-9.0%	198,8 k €	-38.2%	321,6 k €	+18.1%	272,2 k €	+65.5%	164,5 k €	+30.6%	125,9 k €	-29.8%	179,4 k €	-3.8%	186,4 k €	+90.6%	97,8 k €	+33.4%	73,3 k €	-24.6%	97,2 k €	+115%	45,3 k €	-46.7%	85 k €	+90.9%	44,5 k €	+34.9%	33 k €	+336%	-14 k €	-120%	70,2 k €
Operating result	-134,3 k €	+45.0%	-244,1 k €	-64.5%	-148,4 k €	-208%	137,5 k €	+0.8%	136,4 k €	-46.4%	254,4 k €	+24.6%	204,1 k €	+122%	91,9 k €	+115%	42,8 k €	-61.3%	110,6 k €	+47.7%	74,9 k €	+15.8%	64,7 k €	+51.0%	42,8 k €	-36.4%	67,3 k €	+233%	20,2 k €	-65.6%	58,6 k €	+246%	17 k €	+234%	5,1 k €	+114%	-36,4 k €	-176%	47,8 k €
Net result	-140,7 k €	+42.9%	-246,3 k €	-57.9%	-156 k €	-260%	97,6 k €	-53.0%	207,5 k €	-28.0%	288,4 k €	+54.8%	186,3 k €	+213%	59,5 k €	+1258%	4,4 k €	-91.4%	51 k €	+80.0%	28,4 k €	+25.0%	22,7 k €	+248%	6,5 k €	-77.4%	28,9 k €	+2887%	968 €	-97.2%	35,1 k €	+548%	5,4 k €	+461%	965,6 €	+102%	-51 k €	-233%	38,5 k €
Balance sheet
Equity	234,4 k €	-37.5%	375,1 k €	-39.6%	621,4 k €	-20.1%	777,4 k €	+14.4%	679,9 k €	+35.8%	500,7 k €	+83.9%	272,3 k €	+95.2%	139,5 k €	+25.0%	111,6 k €	+4.1%	107,2 k €	+62.0%	66,2 k €	+74.9%	37,9 k €	+150%	15,2 k €	+75.4%	8,6 k €	+143%	-20,3 k €	+4.6%	-21,2 k €	+62.3%	-56,3 k €	+8.8%	-61,7 k €	+1.5%	-62,7 k €	-438%	-11,6 k €
Total assets	571,7 k €	+3.3%	553,6 k €	-29.9%	789,5 k €	-15.4%	932,9 k €	-14.5%	1,1 M €	+3.2%	1,1 M €	+7.2%	985,8 k €	+5.1%	937,9 k €	-12.8%	1,1 M €	+2.3%	1,1 M €	+3.2%	1 M €	+58.7%	641,7 k €	+20.9%	530,8 k €	+4.3%	508,7 k €	+18.2%	430,4 k €	-8.7%	471,2 k €	+19.7%	393,8 k €	+40.6%	280,1 k €	+22.6%	228,5 k €	-13.5%	264,2 k €
Cash	330,2 €	+13.1%	292 €	-90.5%	3,1 k €	-99.2%	404,6 k €	+119%	184,9 k €	-24.3%	244,3 k €	-3.2%	252,4 k €	+113%	118,7 k €	-0.4%	119,2 k €	+30.2%	91,5 k €	+44.1%	63,5 k €	+68.1%	37,8 k €	+16.3%	32,5 k €	+185%	11,4 k €	-30.8%	16,5 k €	+120%	7,5 k €	-51.5%	15,4 k €	+99.9%	7,7 k €	-78.4%	35,6 k €	+104%	17,4 k €
Debts	320,5 k €	+79.6%	178,5 k €	+6.2%	168,1 k €	+13.0%	148,8 k €	-62.7%	398,9 k €	-26.9%	545,7 k €	-22.9%	707,6 k €	-10.7%	792,3 k €	-17.2%	957,3 k €	+2.1%	937,4 k €	-0.9%	945,9 k €	+57.9%	598,9 k €	+17.3%	510,4 k €	+2.4%	498,3 k €	+10.9%	449,3 k €	-8.7%	492,2 k €	+10.5%	445,5 k €	+35.9%	327,7 k €	+27.9%	256,2 k €	-7.1%	275,8 k €
Other
Workforce	2,2 ETP	0.0%	2,2 ETP	+10.0%	2,0 ETP	-13.0%	2,3 ETP	-23.3%	3,0 ETP	-34.8%	4,6 ETP	+21.1%	3,8 ETP	0.0%	3,8 ETP	-28.3%	5,3 ETP	+6.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	+42.9%	3,5 ETP	+9.4%	3,2 ETP	-27.3%	4,4 ETP	+18.9%	3,7 ETP	+23.3%	3,0 ETP	-21.1%	3,8 ETP	-5.0%	4,0 ETP	+60.0%	2,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

POLLET WATER GROUP

Director · since 07 octobre 2024 · 0832.152.409

Represented by Pollet SOFIE

Active

SMARDIX

Director · since 07 octobre 2024 · 0795.128.202

Represented by Tailleu DIMITRI

Active

Ended mandates

G.C.M.

Director · since 30 juin 2022 · 0737.367.373

Represented by Govaert NICK

Ended

G.C.M.

Director · since 30 juin 2022 · 0737.367.373

Represented by Nick Govaert

Ended

POLLET WATER GROUP

Director · since 30 juin 2022 · 0832.152.409

Represented by Sofie Pollet

Ended

PPK Consulting

Director · since 30 juin 2022 · 0787.784.312

Represented by Jonas Hoebeke

Ended

At this address

Other companies at this address

Company	CBE no.
GH GROUP● Active	0669.772.528
THE WATER SERVICE COMPANY● Active	0810.392.042

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	25/07/2025	30/07/2024	22/06/2023	13/06/2022	25/08/2021
General meeting	30/06/2026	11/04/2025	11/04/2024	23/05/2023	16/05/2022	30/07/2021
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	30/06/2026	14/07/2026	Dutch	PDF
Abridged model	31/12/2024	11/04/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	11/04/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/05/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	13/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/07/2021	25/08/2021	Dutch	PDF
Abridged model	31/12/2019	15/07/2020	12/08/2020	Dutch	PDF
Abridged model	31/12/2018	18/07/2019	14/08/2019	Dutch	PDF
Abridged model	31/12/2017	16/07/2018	13/08/2018	Dutch	PDF
Abridged model	31/12/2016	11/06/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	08/08/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	09/08/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/04/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	11/04/2011	07/03/2012	Dutch	PDF
Abridged model	31/12/2009	26/08/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	11/04/2009	15/05/2009	Dutch	PDF
Abridged model	31/12/2007	27/08/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

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 · 2 active · 14 ended

Active mandates

POLLET WATER GROUP

Director · since 07 octobre 2024 · 0832.152.409

Represented by Pollet SOFIE

Active

SMARDIX

Director · since 07 octobre 2024 · 0795.128.202

Represented by Tailleu DIMITRI

Active

Ended mandates

G.C.M.

Director · since 30 juin 2022 · 0737.367.373

Represented by Govaert NICK

Ended

G.C.M.

Director · since 30 juin 2022 · 0737.367.373

Represented by Nick Govaert

Ended

POLLET WATER GROUP

Director · since 30 juin 2022 · 0832.152.409

Represented by Sofie Pollet

Ended

PPK Consulting

Director · since 30 juin 2022 · 0787.784.312

Represented by Jonas Hoebeke

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other14/04/2025
BENAMING
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other06/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/07/2022
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates15/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/12/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/11/2016
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 2025-140,7 k €↑
2024
Annual accounts 2024-246,3 k €↓
2024
Name changeWT Systems (voormalig GH systems BV)
2023
Annual accounts 2023-156 k €↓
2022
Annual accounts 202297,6 k €↓
2021
Annual accounts 2021207,5 k €↓
2021
Name changeGH Systems
2020
Annual accounts 2020288,4 k €↑
2019
Annual accounts 2019186,3 k €↑
2018
Annual accounts 201859,5 k €↑
2017
Annual accounts 20174,4 k €↓
2016
Annual accounts 201651 k €↑
2015
Annual accounts 201528,4 k €↑
2014
Annual accounts 201422,7 k €↑
2013
Annual accounts 20136,5 k €↓
2012
Annual accounts 201228,9 k €↑
2011
Annual accounts 2011968 €↓
2010
Annual accounts 201035,1 k €↑
2009
Annual accounts 20095,4 k €↑
2008
Annual accounts 2008965,6 €↑
2007
Annual accounts 2007-51 k €↓
2006
Annual accounts 200638,5 k €
02/04/2001
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

WT SYSTEMS

Overview

What does WT SYSTEMS do?

Trend over 20 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