ACTIVE

WATEA R

Financial year 2025 · Closed on 31/12/2025

Net result18,8 k €+859,5 %over 1 year

Gross margin40,8 k €+235,9 %over 1 year

Equity19 k €+16 198,2 %over 1 year

Identity

Source · BCE/KBO

WATEA R is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Hamois.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0881.828.186
Incorporation: 13/06/2006
Legal form: Private limited company
Registered office: Rue de la Vallée-du-Bocq, Scy 8
5361 Hamois · WallonieSee on map
Contributed capital: 12 400,00 €
Latest accounts: 31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 73110Advertising agencies 73110Advertising agencies 74401Other professional, scientific and technical activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	40,8 k €	+236%	12,1 k €	-38.0%	19,6 k €	-4.6%	20,5 k €	-8.7%	22,5 k €
EBITDA	40,1 k €	+210%	12,9 k €	-3.9%	13,5 k €	+910%	1,3 k €	+104%	652,5 €
Operating result	30,8 k €	+454%	5,6 k €	-15.8%	6,6 k €	+394%	1,3 k €	+104%	652,5 €
Net result	18,8 k €	+860%	2 k €	-65.3%	5,7 k €	+368%	1,2 k €	+130%	524,4 €
Balance sheet
Equity	19 k €	+16198%	116,3 €	+106%	-1,8 k €	+75.4%	-7,5 k €	+13.9%	-8,7 k €
Total assets	26 k €	+75.9%	14,8 k €	-33.1%	22,1 k €	+159%	8,5 k €	+156%	3,3 k €
Cash	10,9 k €	+492%	1,8 k €	-64.8%	5,2 k €	+51.9%	3,5 k €	+64.6%	2,1 k €
Debts	7 k €	-52.0%	14,7 k €	-38.7%	23,9 k €	+57.0%	15,2 k €	+26.5%	12 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period
Geneviève Van Bellinghen	Directorsince 10/01/2023
Geneviève Vanbellinghen	Directorsince 10/01/2023

Ended mandates

Director	Mandates in this company	Period
Pascal DRUART	Director31/12/2020 → 2022 accounts
Denis MIKOLAJCZAK	Manager17/09/2013 → 2019 accountsDirector17/09/2013 → 31/12/2020

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	02/07/2026	28/05/2025	24/09/2024	13/09/2023	30/08/2022	30/08/2021
General meeting	02/06/2026	27/05/2025	04/06/2024	26/05/2023	27/05/2022	28/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/06/2026	02/07/2026	French	PDF
Micro model	31/12/2024	27/05/2025	28/05/2025	French	PDF
Micro model	31/12/2023	04/06/2024	24/09/2024	French	PDF
Micro model	31/12/2022	26/05/2023	13/09/2023	French	PDF
Micro model	31/12/2021	27/05/2022	30/08/2022	French	PDF
Micro model	31/12/2020	28/05/2021	30/08/2021	French	PDF
Micro model	31/12/2019	29/05/2020	27/10/2020	French	PDF
Micro model	31/12/2018	31/05/2019	31/10/2019	French	PDF
Micro model	31/12/2017	25/05/2018	15/07/2019	French	PDF
Micro model	31/12/2016	26/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	23/05/2014	29/09/2014	French	PDF
Abridged model	31/12/2012	24/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	14/10/2010	French	PDF
Abridged model	31/12/2008	22/05/2009	22/10/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	29/08/2008	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period
Geneviève Van Bellinghen	Directorsince 10/01/2023
Geneviève Vanbellinghen	Directorsince 10/01/2023

Ended mandates

Director	Mandates in this company	Period
Pascal DRUART	Director31/12/2020 → 2022 accounts
Denis MIKOLAJCZAK	Manager17/09/2013 → 2019 accountsDirector17/09/2013 → 31/12/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - ASSEMBLEE GENERALE
PDF
Mandates24/03/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates30/03/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office12/11/2015
TRANSFERT DU SIEGE SOCIAL
PDF
Mandates30/01/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2012
DEMISSIONS, NOMINATIONS
PDF
Other22/06/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Geneviève Van Bellinghen

Geneviève Vanbellinghen

Pascal DRUART

DENIS MIKOLAJCZAK

DIDIER ROTSART DE HERTAING

ARNAUD BASTIEN

200620072008200920102011201220132014201520162017201820192020202120222023202420252026

WATEA RWATEA RESEARCH

Traverse des Muses / 7 15, 5000 Namur

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de la Vallée-du-Bocq, Scy 8, 5361 MohivilleCurrent	CBE since 07/11/2026	CBE
Traverse des Muses(NR) 7 bte 15, 5000 Namur	CBE until 07/11/2026	CBE
Traverse des Muses 7 bte 15, 5000 Namur	accounts 2025	Accounts 2025 · 2026-00251033
Traverse des Muses / 7 15, 5000 Namur	accounts 2023 → 2024	Accounts 2024 · 2025-00109810
Traverse des Muses(NR) 7 bte 15, 5000 Namur	accounts 2022	Accounts 2022 · 2023-00446249
Rue du Centenaire, Ligny 7, 5140 Sombreffe	accounts 2021	Accounts 2021 · 2022-20343625

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
WATEA RCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00251033
WATEA RESEARCH	accounts 2007 → 2022	Accounts 2022 · 2023-00446249

Events

2025
Annual accounts 202518,8 k €↑
2024
Annual accounts 20242 k €↓
2023
Annual accounts 20235,7 k €↑
2023
Name changeWATEA R
2022
Annual accounts 20221,2 k €↑
2021
Annual accounts 2021524,4 €↑
2020
Annual accounts 2020-107 €↓
2019
Annual accounts 20195,9 k €↑
2018
Annual accounts 2018-6 k €↓
2017
Annual accounts 2017-2,2 k €↑
2016
Annual accounts 2016-3,6 k €↓
2015
Annual accounts 2015172,8 €↓
2014
Annual accounts 201410,2 k €↑
2013
Annual accounts 2013
2012
Annual accounts 2012-470,3 €↑
2011
Annual accounts 2011-3,4 k €↓
2010
Annual accounts 2010-2,4 k €↓
2009
Annual accounts 2009-1,2 k €↑
2008
Annual accounts 2008-2 k €↑
2007
Annual accounts 2007-16,5 k €
13/06/2006
IncorporationPrivate limited company

WATEA R

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events