ACTIVE

WATTEC

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Financial year 2025 · closed on 30/09/2025

Net result

624,6 k €

-14.7% YoY

Gross margin

1 M €

-8.7% YoY

Equity

640 k €

+13.2% YoY

Workforce

5,3 ETP

-8.6% YoY

What does WATTEC do?

WATTEC is a Public limited company incorporated in 2007. Its main activity is: Manufacture of fluid power equipment. Its registered office is in Kruisem. It employs on average 5,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0891.574.015

Incorporation

23/08/2007

Legal form

Public limited company

Registered office

Deinse Baan 12
9750 Kruisem · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

30/09/2025

Average workforce

5,3 ETP

Activities (NACE)

28120Manufacture of fluid power equipment· main 28120Manufacture of fluid power equipment 45310Wholesale trade of motor vehicle parts and accessories 20160Manufacture of plastics in primary forms 20160Manufacture of plastics in primary forms 43211Electrical installation+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1 M €	-8.7%	1,1 M €	+109%	548,9 k €	+16.5%	471,1 k €	-15.8%	559,2 k €	-29.5%	793,5 k €	+17.7%	674,3 k €	+36.0%	495,8 k €	-3.2%	512,1 k €	-23.6%	670,6 k €	+59.6%	420,3 k €	+13.7%	369,7 k €	-1.4%	375,1 k €	-31.3%	545,7 k €	+70.1%	320,8 k €	-17.8%	390,2 k €	+0.6%	388 k €	+34.6%	288,3 k €
EBITDA	797,5 k €	-10.1%	886,7 k €	+156%	345,8 k €	+111%	164,2 k €	-13.7%	190,3 k €	-50.6%	385,2 k €	+84.1%	209,2 k €	+79.4%	116,6 k €	-27.1%	159,9 k €	-41.5%	273,2 k €	+309%	66,7 k €	-1.1%	67,5 k €	-6.9%	72,5 k €	-75.2%	293 k €	+230%	88,8 k €	-45.1%	161,9 k €	+2.6%	157,9 k €	+20.1%	131,5 k €
Operating result	797,5 k €	-9.7%	882,9 k €	+158%	342 k €	+132%	147,1 k €	-9.7%	162,9 k €	-53.8%	352,6 k €	+106%	171,2 k €	+117%	79 k €	-42.5%	137,5 k €	-27.1%	188,8 k €	+1525%	11,6 k €	-21.4%	14,8 k €	-20.1%	18,5 k €	-91.8%	226,6 k €	+895%	22,8 k €	-72.6%	83 k €	-6.9%	89,2 k €	+49.8%	59,5 k €
Net result	624,6 k €	-14.7%	732,1 k €	+158%	284,3 k €	+169%	105,7 k €	-22.5%	136,5 k €	-55.8%	308,5 k €	+104%	151,4 k €	+102%	75,1 k €	-36.9%	119 k €	-34.0%	180,3 k €	+2312%	7,5 k €	-36.0%	11,7 k €	-33.3%	17,5 k €	-88.4%	151 k €	+941%	14,5 k €	-72.8%	53,2 k €	-5.9%	56,6 k €	+68.9%	33,5 k €
Balance sheet
Equity	640 k €	+13.2%	565,3 k €	+0.4%	563,2 k €	-17.0%	678,9 k €	+0.8%	673,2 k €	+14.7%	586,7 k €	+16.0%	505,8 k €	+11.3%	454,3 k €	+5.9%	429,2 k €	+4.6%	410,2 k €	+9.3%	375,4 k €	+2.0%	368 k €	+3.3%	356,3 k €	-22.3%	458,8 k €	+49.0%	307,8 k €	+4.9%	293,3 k €	+22.2%	240,1 k €	+30.8%	183,5 k €
Total assets	1,6 M €	-12.9%	1,9 M €	+40.2%	1,3 M €	-11.3%	1,5 M €	+44.9%	1 M €	+2.3%	1 M €	+4.0%	977,5 k €	-10.1%	1,1 M €	+19.4%	910,5 k €	+12.1%	812,3 k €	+33.1%	610,5 k €	-2.2%	624 k €	-0.6%	627,7 k €	+4.2%	602,5 k €	+5.5%	571 k €	-24.3%	754,5 k €	+10.1%	685 k €	+6.1%	645,8 k €
Cash	989,8 k €	+127%	436,1 k €	-25.6%	586,4 k €	+217%	185 k €	+269%	50,1 k €	-83.2%	298,2 k €	+230%	90,4 k €	-69.7%	298,4 k €	+59.6%	187 k €	+16.7%	160,2 k €	+6.8%	150 k €	+109%	71,8 k €	+107%	34,7 k €	+23.9%	28 k €	+28.3%	21,9 k €	-10.1%	24,3 k €	-85.3%	164,9 k €	+127%	72,6 k €
Debts	993,9 k €	-24.1%	1,3 M €	+69.3%	773,8 k €	-6.5%	827,3 k €	+126%	365,4 k €	-14.6%	427,6 k €	-8.8%	469,1 k €	-25.4%	628,5 k €	+31.3%	478,9 k €	+19.9%	399,5 k €	+71.9%	232,4 k €	-7.7%	251,9 k €	-6.1%	268,2 k €	+86.6%	143,7 k €	-45.4%	263,2 k €	-42.9%	461,2 k €	+9.3%	422 k €	-8.7%	462,3 k €
Other
Workforce	5,3 ETP	-8.6%	5,8 ETP	+20.8%	4,8 ETP	-26.2%	6,5 ETP	-18.8%	8,0 ETP	-8.0%	8,7 ETP	-11.2%	9,8 ETP	+53.1%	6,4 ETP	-11.1%	7,2 ETP	-17.2%	8,7 ETP	+14.5%	7,6 ETP	+20.6%	6,3 ETP	+3.3%	6,1 ETP	0.0%	6,1 ETP	+19.6%	5,1 ETP	+4.1%	4,9 ETP	+2.1%	4,8 ETP	-14.3%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 21 ended

Active mandates

MO SOLUTIONS

Director · since 24 juin 2023 · 0802.841.977

Represented by OLIVIER MATTHYS

Active

Sophia Holding & Management

Managing director · since 01 avril 2023 · 0786.762.446

Represented by FRANK MATTHYS

Active

ALAIN CORVELYN

Director · since 15 juillet 2022

Active

SOPHIE VERMAUT

Director · since 15 juillet 2022

Active

Ended mandates

Antoon MESTDAGH

Director · since 09 mars 2018 · until 08 mars 2024

Ended

ELAS

Managing director · since 09 mars 2018 · until 08 mars 2024 · 0847.330.434

Represented by Alain CORVELYN

Ended

ELAS

Managing director · since 09 mars 2018 · until 08 mars 2024 · 0847.330.434

Represented by Alain CORVELYN

Ended

Ingrid GOETHALS

Director · since 09 mars 2018 · until 08 mars 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/04/2026	11/04/2025	29/04/2024	20/03/2023	14/03/2022	24/03/2021
General meeting	13/03/2026	14/03/2025	29/03/2024	17/03/2023	11/03/2022	12/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	13/03/2026	09/04/2026	Dutch	PDF
Abridged model	30/09/2024	14/03/2025	11/04/2025	Dutch	PDF
Abridged model	30/09/2023	29/03/2024	29/04/2024	Dutch	PDF
Abridged model	30/09/2022	17/03/2023	20/03/2023	Dutch	PDF
Abridged model	30/09/2021	11/03/2022	14/03/2022	Dutch	PDF
Abridged model	30/09/2020	12/03/2021	24/03/2021	Dutch	PDF
Abridged model	30/09/2019	14/03/2020	23/03/2020	Dutch	PDF
Abridged model	30/09/2018	08/03/2019	12/03/2019	Dutch	PDF
Abridged model	30/09/2017	09/03/2018	13/03/2018	Dutch	PDF
Abridged model	30/09/2016	10/03/2017	22/03/2017	Dutch	PDF
Abridged model	30/09/2015	11/03/2016	14/03/2016	Dutch	PDF
Abridged model	30/09/2014	13/03/2015	19/03/2015	Dutch	PDF
Abridged model	30/09/2013	14/03/2014	26/03/2014	Dutch	PDF
Abridged model	30/09/2012	08/03/2013	20/03/2013	Dutch	PDF
Abridged model	30/09/2011	09/03/2012	13/03/2012	Dutch	PDF
Abridged model	30/09/2010	11/03/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	12/03/2010	19/05/2010	Dutch	PDF
Abridged model	30/09/2008	13/02/2009	29/04/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/09/2025 · 4 active · 21 ended

Active mandates

MO SOLUTIONS

Director · since 24 juin 2023 · 0802.841.977

Represented by OLIVIER MATTHYS

Active

Sophia Holding & Management

Managing director · since 01 avril 2023 · 0786.762.446

Represented by FRANK MATTHYS

Active

ALAIN CORVELYN

Director · since 15 juillet 2022

Active

SOPHIE VERMAUT

Director · since 15 juillet 2022

Active

Ended mandates

Antoon MESTDAGH

Director · since 09 mars 2018 · until 08 mars 2024

Ended

ELAS

Managing director · since 09 mars 2018 · until 08 mars 2024 · 0847.330.434

Represented by Alain CORVELYN

Ended

ELAS

Managing director · since 09 mars 2018 · until 08 mars 2024 · 0847.330.434

Represented by Alain CORVELYN

Ended

Ingrid GOETHALS

Director · since 09 mars 2018 · until 08 mars 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/07/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other27/08/2007
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

2025
Annual accounts 2025624,6 k €↓
2024
Annual accounts 2024732,1 k €↑
2023
Annual accounts 2023284,3 k €↑
2022
Annual accounts 2022105,7 k €↓
2021
Annual accounts 2021136,5 k €↓
2020
Annual accounts 2020308,5 k €↑
2019
Annual accounts 2019151,4 k €↑
2018
Annual accounts 201875,1 k €↓
2017
Annual accounts 2017119 k €↓
2016
Annual accounts 2016180,3 k €↑
2015
Annual accounts 20157,5 k €↓
2014
Annual accounts 201411,7 k €↓
2013
Annual accounts 201317,5 k €↓
2012
Annual accounts 2012151 k €↑
2011
Annual accounts 201114,5 k €↓
2010
Annual accounts 201053,2 k €↓
2009
Annual accounts 200956,6 k €↑
2008
Annual accounts 200833,5 k €
23/08/2007
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WATTEC

Overview

What does WATTEC do?

Trend over 18 financial years

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