ACTIVE

Watt Matters

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Financial year 2025 · closed on 31/12/2025
Net result
321,9 k €
-33.6% YoY
Gross margin
2,7 M €
+2.3% YoY
Equity
1,7 M €
+3.2% YoY
Workforce
9,0 ETP
+18.4% YoY

What does Watt Matters do?

Watt Matters is a Private limited company incorporated in 2015. Its main activity is: Production of electricity. Its registered office is in Ixelles. It employs on average 9,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0641.919.571
Incorporation
27/10/2015
Legal form
Private limited company
Registered office
Rue de Londres 17
1050 Ixelles · BruxellesSee on map
Contributed capital
750 700,00 €
Latest accounts
31/12/2025
Average workforce
9,0 ETP
Activities (NACE)
35110Production of electricity· main35110Production of electricity71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation+4
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin2,7 M €2,6 M €2,1 M €2 M €1,5 M €975 k €486 k €153,1 k €2,4 k €2,4 k €
EBITDA1,8 M €2 M €1,8 M €1,7 M €1,4 M €922,7 k €426,1 k €145,1 k €2,1 k €1,7 k €
Operating result498,4 k €683,3 k €475,5 k €706,5 k €552,6 k €476,3 k €183,5 k €49 k €-18,6 k €-7,3 k €
Net result321,9 k €484,9 k €246,8 k €454,2 k €389,9 k €368,2 k €90,6 k €2,1 k €-45,2 k €-13,5 k €
Balance sheet
Equity1,7 M €1,6 M €1,4 M €1,5 M €1,3 M €1,3 M €902,7 k €515,2 k €413,7 k €29,7 k €
Total assets10,2 M €12,3 M €11,6 M €12 M €10,5 M €7,8 M €5,3 M €3,1 M €1,7 M €339,9 k €
Cash41,9 k €562,8 k €626,3 k €246,9 k €435,4 k €423,4 k €361,3 k €178,5 k €413,7 k €98,9 k €
Debts7,9 M €8,3 M €8,9 M €10,4 M €9,1 M €6,5 M €4,4 M €2,6 M €1,3 M €298,5 k €
Other
Workforce9,0 ETP7,6 ETP4,5 ETP4,4 ETP2,6 ETP0,8 ETP1,1 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

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

Active mandates

BEWATT

Managing director · 0892.258.161

Represented by Bruno VANDERSCHUEREN

Active
Ismael DAOUD

Managing director

Active
OuiTransform

Director · 0780.554.248

Represented by Régis GASPAR

Active

Ended mandates

BEWATT

Manager · since 21 décembre 2017 · until 21 décembre 2019 · 0892.258.161

Represented by Bruno Vanderschueren

Ended
BEWATT

Manager · since 21 décembre 2017 · until 21 décembre 2019 · 0892.258.161

Represented by Bruno VANDERSCHUEREN

Ended
Fanny HELLEBAUT

Manager · since 21 décembre 2017 · until 21 décembre 2019

Ended
Yves LEBBE

Manager · since 21 décembre 2017 · until 21 décembre 2019

Ended
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Standing for:● Active
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0783.775.836
WATT MATTERS TWO● Active
0781.480.401
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202611/06/202507/06/202420/06/202330/06/202215/07/2021
General meeting01/06/202628/05/202531/05/202402/06/202301/06/202201/06/2021
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 model31/12/202501/06/202623/06/2026FrenchPDF
Abridged model31/12/202428/05/202511/06/2025FrenchPDF
Abridged model31/12/202331/05/202407/06/2024FrenchPDF
Abridged model31/12/202202/06/202320/06/2023FrenchPDF
Abridged model31/12/202101/06/202230/06/2022FrenchPDF
Abridged model31/12/202001/06/202115/07/2021FrenchPDF
Abridged model31/12/201902/06/202019/06/2020FrenchPDF
Abridged model31/12/201806/06/201905/07/2019FrenchPDF
Abridged model31/12/201708/06/201808/06/2018FrenchPDF
Abridged model31/12/201620/06/201729/08/2017FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

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

Active mandates

BEWATT

Managing director · 0892.258.161

Represented by Bruno VANDERSCHUEREN

Active
Ismael DAOUD

Managing director

Active
OuiTransform

Director · 0780.554.248

Represented by Régis GASPAR

Active

Ended mandates

BEWATT

Manager · since 21 décembre 2017 · until 21 décembre 2019 · 0892.258.161

Represented by Bruno Vanderschueren

Ended
BEWATT

Manager · since 21 décembre 2017 · until 21 décembre 2019 · 0892.258.161

Represented by Bruno VANDERSCHUEREN

Ended
Fanny HELLEBAUT

Manager · since 21 décembre 2017 · until 21 décembre 2019

Ended
Yves LEBBE

Manager · since 21 décembre 2017 · until 21 décembre 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/11/2019
    MODIFICATION FORME JURIDIQUE - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/10/2018
    DENOMINATION - SIEGE SOCIAL - OBJET
    PDF
  • Registered office30/01/2018
    SIEGE SOCIAL
    PDF
  • Mandates12/01/2018
    SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/11/2016
    DEMISSIONS, NOMINATIONS
    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 2025321,9 k €↓
  2. 2024
    Annual accounts 2024484,9 k €↑
  3. 2023
    Annual accounts 2023246,8 k €↓
  4. 2022
    Annual accounts 2022454,2 k €↑
  5. 2021
    Annual accounts 2021389,9 k €↑
  6. 2020
    Annual accounts 2020368,2 k €↑
  7. 2019
    Annual accounts 201990,6 k €↑
  8. 2018
    Annual accounts 20182,1 k €↑
  9. 2018
    Name changeWATT MATTERS
  10. 2017
    Annual accounts 2017-45,2 k €↓
  11. 2016
    Annual accounts 2016-13,5 k €
  12. 2016
    Name changeEASYCOGEN
  13. 27/10/2015
    IncorporationPrivate limited company