ACTIVE

Wattco

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Financial year 2023 · closed on 28/02/2023
Net result
370,2 k €
-28.2% YoY
Gross margin
611,8 k €
-24.9% YoY
Equity
1,5 M €
+32.0% YoY

What does Wattco do?

Wattco is a Limited partnership incorporated in 2011. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Zedelgem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0832.942.859
Incorporation
17/01/2011
Legal form
Limited partnership
Registered office
Vijvers 19
8210 Zedelgem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
28/02/2023
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate64200Activities of holding companies64210Activities of holding companies
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202320222021202020192018201720162015201420132012
Income statement
Gross margin611,8 k €815,1 k €422,3 k €346,6 k €114 k €5,6 k €69,6 k €32,9 k €17,8 k €62,3 k €85,3 k €42,7 k €
EBITDA605,3 k €806,4 k €419,1 k €345,5 k €112,6 k €6,1 k €62,2 k €30,8 k €16,2 k €61,4 k €84,8 k €42,2 k €
Operating result500,1 k €736 k €300,3 k €244,1 k €55,7 k €-13,8 k €40,5 k €9 k €4,4 k €18,3 k €83 k €40,2 k €
Net result370,2 k €515,8 k €222 k €189,4 k €39,1 k €32,6 k €14,5 k €-2,8 k €-4,3 k €10,4 k €54,1 k €25,9 k €
Balance sheet
Equity1,5 M €1,1 M €596,6 k €375,3 k €187,6 k €149,1 k €116,5 k €102 k €104,8 k €109,1 k €98,7 k €44,5 k €
Total assets3,4 M €2,2 M €1,9 M €1,6 M €795,1 k €520,2 k €454,9 k €445 k €445,5 k €429,9 k €143,9 k €69,2 k €
Cash756,8 k €835,7 k €468,2 k €115,2 k €162,6 k €174,8 k €120,1 k €111 k €140,2 k €17,9 k €2,8 k €47,5 k €
Debts1,9 M €1,1 M €1,3 M €1,2 M €604,5 k €364,4 k €330,5 k €336,1 k €339 k €320,8 k €45,3 k €24,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 28/02/2023 · 1 active · 1 ended

Active mandates

Thomas Watteyne

Director

Active

Ended mandates

Thomas Watteyne

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Opont● Active
1013.378.004
WATTVICE● Active
1006.468.238
Annual accounts

Full financial information

202320222021202020192018
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/03/202201/03/202101/03/202001/03/201901/03/201801/03/2017
Closing of the financial year28/02/202328/02/202228/02/202129/02/202028/02/201928/02/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/09/202330/09/202230/09/202124/08/202001/07/201914/09/2018
General meeting14/09/202331/08/202222/09/202129/06/202012/06/201918/08/2018
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model28/02/202314/09/202329/09/2023DutchPDF
Abridged model28/02/202231/08/202230/09/2022DutchPDF
Abridged model28/02/202122/09/202130/09/2021DutchPDF
Abridged model29/02/202029/06/202024/08/2020DutchPDF
Micro model28/02/201912/06/201901/07/2019DutchPDF
Micro model28/02/201818/08/201814/09/2018DutchPDF
Abridged model28/02/201723/06/201730/06/2017DutchPDF
Abridged model29/02/201612/05/201601/06/2016DutchPDF
Abridged model28/02/201525/09/201516/10/2015DutchPDF
Abridged model28/02/201409/09/201430/09/2014DutchPDF
Abridged model28/02/201317/08/201330/08/2013DutchPDF
Abridged model29/02/201225/10/201230/10/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 28/02/2023 · 1 active · 1 ended

Active mandates

Thomas Watteyne

Director

Active

Ended mandates

Thomas Watteyne

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates30/11/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/01/2011
    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. 2023
    Annual accounts 2023370,2 k €↓
  2. 2022
    Annual accounts 2022515,8 k €↑
  3. 2021
    Annual accounts 2021222 k €↑
  4. 2020
    Annual accounts 2020189,4 k €↑
  5. 2019
    Annual accounts 201939,1 k €↑
  6. 2018
    Annual accounts 201832,6 k €↑
  7. 2017
    Annual accounts 201714,5 k €↑
  8. 2016
    Annual accounts 2016-2,8 k €↑
  9. 2015
    Annual accounts 2015-4,3 k €↓
  10. 2014
    Annual accounts 201410,4 k €↓
  11. 2013
    Annual accounts 201354,1 k €↑
  12. 2012
    Annual accounts 201225,9 k €
  13. 17/01/2011
    IncorporationLimited partnership