ACTIVE

WATERPAS

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Financial year 2025 · closed on 31/12/2025
Net result
-34,3 k €
+17.3% YoY
Gross margin
17,4 k €
+477.7% YoY
Equity
-139,4 k €
-32.7% YoY
Workforce
0,0 ETP

What does WATERPAS do?

WATERPAS is a Private limited company incorporated in 2015. Its registered office is in Zwevegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0630.753.881
Incorporation
21/05/2015
Legal form
Private limited company
Registered office
Comminnestraat(M) 12
8552 Zwevegem · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
Positive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222019201820172016
Income statement
Gross margin17,4 k €3 k €103,1 k €108,8 k €5,1 k €-5,4 k €13,2 k €-2,9 k €
EBITDA8,4 k €-8,1 k €94,1 k €102,5 k €4,6 k €-6,6 k €11,7 k €-3,4 k €
Operating result8,1 k €-9,4 k €92,7 k €101,3 k €4,6 k €-6,6 k €11,7 k €-3,4 k €
Net result-34,3 k €-41,5 k €-81,1 k €22,9 k €557,3 €-8,7 k €7,9 k €-5,7 k €
Balance sheet
Equity-139,4 k €-105 k €-63,5 k €17,6 k €238,1 €-319,2 €8,3 k €472,2 €
Total assets1 M €994,4 k €1,7 M €2,4 M €3,5 k €235,4 k €12,6 k €187,4 k €
Cash16 €6,8 k €3,3 k €3 k €2,7 k €19,4 k €7,2 k €11,8 k €
Debts1,1 M €1,1 M €1,7 M €2,4 M €2,5 k €234,8 k €3,4 k €185,3 k €
Other
Workforce0,0 ETP0,0 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

B-KY

Director · since 28 octobre 2021 · 0734.839.930

Represented by BEECKMANS GLENN

Active
Demolar

Director · since 28 octobre 2021 · 0732.795.210

Represented by VANGHELUWE VIRGINIE

Active
STEVEN MESTDAGH

Director · since 28 octobre 2021

Active

Ended mandates

B-KY

Director · since 28 octobre 2021 · 0734.839.930

Represented by BEECKMANS GLENN

Ended
Demolar

Director · since 28 octobre 2021 · 0732.795.210

Represented by VANGHELUWE VIRGINIE

Ended
Steven Mestdagh

Manager · since 21 mai 2015

Ended
Vincent Mestdagh

Manager · since 21 mai 2015

Ended
At this address

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0712.977.417
GENTIEL● Active
0820.249.816
Salmanazar● Active
0661.721.330
Vincere Insieme● Active
0639.993.132
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months18 months12 months12 months
Filing date31/08/202619/09/202525/10/202430/08/202322/12/202123/12/2020
General meeting20/08/202629/08/202511/10/202430/06/202326/11/202127/11/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/08/202631/08/2026DutchPDF
Abridged model31/12/202429/08/202519/09/2025DutchPDF
Micro model31/12/202311/10/202425/10/2024DutchPDF
Micro model31/12/202230/06/202330/08/2023DutchPDF
Micro model30/06/202126/11/202122/12/2021DutchPDF
Micro model30/06/202027/11/202023/12/2020DutchPDF
Micro model30/06/201929/11/201923/12/2019DutchPDF
Micro model30/06/201830/11/201820/12/2018DutchPDF
Micro model30/06/201724/11/201718/12/2017DutchPDF
Abridged model30/06/201625/11/201620/12/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 3 active · 6 ended

Active mandates

B-KY

Director · since 28 octobre 2021 · 0734.839.930

Represented by BEECKMANS GLENN

Active
Demolar

Director · since 28 octobre 2021 · 0732.795.210

Represented by VANGHELUWE VIRGINIE

Active
STEVEN MESTDAGH

Director · since 28 octobre 2021

Active

Ended mandates

B-KY

Director · since 28 octobre 2021 · 0734.839.930

Represented by BEECKMANS GLENN

Ended
Demolar

Director · since 28 octobre 2021 · 0732.795.210

Represented by VANGHELUWE VIRGINIE

Ended
Steven Mestdagh

Manager · since 21 mai 2015

Ended
Vincent Mestdagh

Manager · since 21 mai 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other24/06/2022
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates03/11/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/05/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025-34,3 k €↑
  2. 2024
    Annual accounts 2024-41,5 k €↑
  3. 2023
    Annual accounts 2023-81,1 k €↓
  4. 2022
    Annual accounts 202222,9 k €↑
  5. 2019
    Annual accounts 2019557,3 €↑
  6. 2018
    Annual accounts 2018-8,7 k €↓
  7. 2017
    Annual accounts 20177,9 k €↑
  8. 2016
    Annual accounts 2016-5,7 k €
  9. 21/05/2015
    IncorporationPrivate limited company