ACTIVE

WATSEC

Financial year 2025 · closed on 31/12/2025
Net result
870,5 €
-94.3% YoY
Gross margin
137,5 k €
-16.8% YoY
Equity
74,8 k €
+1.2% YoY

What does WATSEC do?

WATSEC is a Private limited company incorporated in 2008. Its main activity is: Washing and (dry-)cleaning of textile and fur products. Its registered office is in Waterloo.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0894.756.407
Incorporation
09/01/2008
Legal form
Private limited company
Registered office
Drève Richelle 14
1410 Waterloo · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Joint committees (3)
  • 110
  • 200
  • 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201420132012201120102009
Income statement
Gross margin137,5 k €165,3 k €147,7 k €188,8 k €96,3 k €127,9 k €255,1 k €241,8 k €245,8 k €-3,7 k €364,4 €15,3 k €15,6 k €-7,9 k €-5 k €
EBITDA32,2 k €56,7 k €42,5 k €96,3 k €10,6 k €50,5 k €80 k €91,6 k €103,4 k €-436 €-4 k €-72,1 €14,8 k €15,1 k €-8,4 k €-6,4 k €
Operating result3,8 k €28 k €13,6 k €67,1 k €-23,1 k €5,9 k €15,4 k €28,4 k €33,7 k €-436 €-4,3 k €-1,4 k €12,9 k €13,5 k €-10,1 k €-8,1 k €
Net result870,5 €15,2 k €7,4 k €54,3 k €-37,9 k €136,8 €5,2 k €10,2 k €23,7 k €-515 €-4,3 k €-1,5 k €10,2 k €13,3 k €-10,1 k €-8,8 k €
Balance sheet
Equity74,8 k €74 k €58,8 k €51,4 k €-2,9 k €35 k €34,9 k €19,1 k €9 k €5,2 k €6,8 k €11,1 k €12,6 k €2,4 k €-10,9 k €-776,6 €
Total assets112,6 k €152,6 k €171,9 k €198 k €301,8 k €389,4 k €442,9 k €520,5 k €498,3 k €6,4 k €10,8 k €16,8 k €28,3 k €20,9 k €19,9 k €29,8 k €
Cash4,9 k €37,9 k €13,5 k €13,7 k €26,5 k €36,3 k €34,6 k €22,9 k €202,9 €92 €11,6 k €16,7 k €5,5 k €2,2 k €137,1 €
Debts37,8 k €77 k €92,8 k €116,6 k €303,1 k €354,3 k €407,3 k €500,9 k €488,9 k €1,1 k €4 k €5,7 k €13,3 k €18,5 k €30,8 k €30 k €
Other
Workforce3,2 ETP3,3 ETP2,9 ETP3,9 ETP3,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

BENJAMIN HENDRICK

Director · since 20 mars 2025

Active
CHARLES TOBY

Director · since 29 novembre 2016

Active

Ended mandates

Charles TOBY

Manager · since 29 novembre 2016

Ended
François DUMONT

Manager · since 07 janvier 2008

Ended
Lionel FAIRON

Manager · since 07 janvier 2008

Ended
François DUMONT

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro 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 date19/08/202617/07/202529/08/202431/08/202325/08/202214/12/2021
General meeting28/04/202629/04/202530/04/202425/04/202326/04/202228/10/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/04/202619/08/2026FrenchPDF
Abridged model31/12/202429/04/202517/07/2025FrenchPDF
Abridged model31/12/202330/04/202429/08/2024FrenchPDF
Abridged model31/12/202225/04/202331/08/2023FrenchPDF
Micro model31/12/202126/04/202225/08/2022FrenchPDF
Micro modelCorrection31/12/202028/10/202114/12/2021FrenchPDF
Micro model31/12/202030/04/202131/08/2021FrenchPDF
Abridged model31/12/201910/08/202027/10/2020FrenchPDF
Abridged model31/12/201830/04/201925/06/2019FrenchPDF
Abridged model31/12/201711/07/201825/07/2018FrenchPDF
Abridged model30/06/201622/11/201625/11/2016FrenchPDF
Abridged model30/06/201425/11/201405/02/2015FrenchPDF
Abridged model30/06/201326/11/201313/02/2014FrenchPDF
Abridged model30/06/201227/11/201221/02/2013FrenchPDF
Abridged model30/06/201122/11/201115/02/2012FrenchPDF
Abridged model30/06/201023/11/201015/02/2011FrenchPDF
Abridged model30/06/200924/11/200922/02/2010FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

BENJAMIN HENDRICK

Director · since 20 mars 2025

Active
CHARLES TOBY

Director · since 29 novembre 2016

Active

Ended mandates

Charles TOBY

Manager · since 29 novembre 2016

Ended
François DUMONT

Manager · since 07 janvier 2008

Ended
Lionel FAIRON

Manager · since 07 janvier 2008

Ended
François DUMONT

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 21/09/2026
    PDF
  • Registered office22/07/2025
    SIEGE SOCIAL
    PDF
  • Registered office12/05/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL
    PDF
  • Mandates08/04/2025
    Nomination
    PDF
  • Mandates05/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office26/03/2020
    SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates10/08/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office19/03/2018
    SIEGE SOCIAL
    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 2025870,5 €
  2. 2024
    Annual accounts 202415,2 k €
  3. 2023
    Annual accounts 20237,4 k €
  4. 2022
    Annual accounts 202254,3 k €
  5. 2021
    Annual accounts 2021-37,9 k €
  6. 2020
    Annual accounts 2020136,8 €
  7. 2019
    Annual accounts 20195,2 k €
  8. 2018
    Annual accounts 201810,2 k €
  9. 2017
    Annual accounts 201723,7 k €
  10. 2017
    Name changeWATSEC
  11. 2016
    Annual accounts 2016-515 €
  12. 2014
    Annual accounts 2014-4,3 k €
  13. 2013
    Annual accounts 2013-1,5 k €
  14. 2012
    Annual accounts 201210,2 k €
  15. 2011
    Annual accounts 201113,3 k €
  16. 2010
    Annual accounts 2010-10,1 k €
  17. 2009
    Annual accounts 2009-8,8 k €
  18. 2009
    Name changeAPI-SECURITY
  19. 09/01/2008
    IncorporationPrivate limited company