ACTIVE

WATSON GRAY - ARA

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Financial year 2025 · closed on 31/12/2025
Net result
6,4 k €
-94.1% YoY
Gross margin
105,4 k €
-56.1% YoY
Equity
26,9 k €
+31.4% YoY
Workforce
0,5 ETP
-50.0% YoY

What does WATSON GRAY - ARA do?

WATSON GRAY - ARA is a Private limited company incorporated in 2012. Its main activity is: Technical testing and analysis. Its registered office is in Antwerpen. It employs on average 0,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0844.182.486
Incorporation
29/02/2012
Legal form
Private limited company
Registered office
Sint-Aldegondiskaai 38 box 101
2000 Antwerpen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
0,5 ETP
Activities (NACE)
71209Technical testing and analysis· main71209Technical testing and analysis52241Cargo handling52241Cargo handling52250Support activities for transportation52290Other transportation support activities
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 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin105,4 k €239,8 k €220,3 k €196,2 k €36,5 k €108,9 k €349,1 k €284,7 k €240,9 k €484 k €509,3 k €182 k €152,1 k €52,3 k €
EBITDA59,5 k €178,3 k €204,3 k €183,6 k €29,5 k €91,3 k €334,7 k €273,2 k €231,8 k €473,4 k €502,8 k €173,3 k €150,3 k €52,3 k €
Operating result16,8 k €139,6 k €202,8 k €181,1 k €25,5 k €93,1 k €323,9 k €270,6 k €236,3 k €434 k €502,8 k €173,3 k €150,3 k €52,3 k €
Net result6,4 k €109,4 k €130,9 k €123 k €8,1 k €63 k €222,6 k €186,2 k €149,1 k €277,7 k €331,1 k €113,5 k €98,9 k €34,8 k €
Balance sheet
Equity26,9 k €20,5 k €345,8 k €214,8 k €91,9 k €83,8 k €20,8 k €20,8 k €20,8 k €69,7 k €67 k €145,8 k €32,4 k €53,4 k €
Total assets1,1 M €1,1 M €1,5 M €1,3 M €881,5 k €625,7 k €920,1 k €1,3 M €1,2 M €1,2 M €1,5 M €1,1 M €615,6 k €277 k €
Cash80 k €27,7 k €54,3 k €13,9 k €27,7 k €130,3 k €50,2 k €382 k €63,1 k €215,2 k €563,9 k €367,6 k €123,5 k €116,2 k €
Debts1,1 M €1,1 M €1,1 M €1 M €789,7 k €541,9 k €899,3 k €1,3 M €1,2 M €1,1 M €1,4 M €972,4 k €583,3 k €223,6 k €
Other
Workforce0,5 ETP1,0 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 · 19 ended

Active mandates

Antoon Vertommen

Director · since 18 février 2021

Active
Frédéric Bricout

Director · since 18 février 2021

Active
GEURTS ONDERNEMINGEN

Director · since 24 décembre 2015 · 0459.493.354

Represented by Peter Geurts

Active

Ended mandates

Antoon Vertommen

Director · since 09 avril 2021

Ended
Frédéric Bricout

Director · since 09 avril 2021

Ended
Antoon Georges Karel Vertommen

Director · since 10 décembre 2020

Ended
Frederic Andre Bricout

Director · since 10 décembre 2020

Ended
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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 date18/09/202627/06/202524/03/202521/08/202323/07/202223/10/2021
General meeting26/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202618/09/2026DutchPDF
Abridged model31/12/202420/06/202527/06/2025DutchPDF
Abridged modelCorrection31/12/202321/06/202424/03/2025DutchPDF
Abridged model31/12/202321/06/202431/10/2024DutchPDF
Abridged model31/12/202216/06/202321/08/2023DutchPDF
Abridged model31/12/202117/06/202223/07/2022DutchPDF
Abridged model31/12/202018/06/202123/10/2021DutchPDF
Abridged model31/12/201919/06/202024/08/2020DutchPDF
Abridged model31/12/201821/06/201919/07/2019DutchPDF
Abridged model31/12/201715/06/201818/06/2018DutchPDF
Abridged model31/12/201616/06/201730/06/2017DutchPDF
Abridged model31/12/201522/02/201601/03/2016DutchPDF
Abridged model31/12/201419/06/201513/07/2015DutchPDF
Abridged model31/12/201320/06/201430/06/2014DutchPDF
Abridged model31/12/201221/06/201324/06/2013DutchPDF
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 · 19 ended

Active mandates

Antoon Vertommen

Director · since 18 février 2021

Active
Frédéric Bricout

Director · since 18 février 2021

Active
GEURTS ONDERNEMINGEN

Director · since 24 décembre 2015 · 0459.493.354

Represented by Peter Geurts

Active

Ended mandates

Antoon Vertommen

Director · since 09 avril 2021

Ended
Frédéric Bricout

Director · since 09 avril 2021

Ended
Antoon Georges Karel Vertommen

Director · since 10 décembre 2020

Ended
Frederic Andre Bricout

Director · since 10 décembre 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office10/11/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/04/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office25/10/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/01/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/03/2012
    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 20256,4 k €↓
  2. 2024
    Annual accounts 2024109,4 k €↓
  3. 2023
    Annual accounts 2023130,9 k €↑
  4. 2022
    Annual accounts 2022123 k €↑
  5. 2021
    Annual accounts 20218,1 k €↓
  6. 2020
    Annual accounts 202063 k €↓
  7. 2019
    Annual accounts 2019222,6 k €↑
  8. 2018
    Annual accounts 2018186,2 k €↑
  9. 2017
    Annual accounts 2017149,1 k €↓
  10. 2016
    Annual accounts 2016277,7 k €↓
  11. 2015
    Annual accounts 2015331,1 k €↑
  12. 2014
    Annual accounts 2014113,5 k €↑
  13. 2013
    Annual accounts 201398,9 k €↑
  14. 2012
    Annual accounts 201234,8 k €
  15. 29/02/2012
    IncorporationPrivate limited company