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IG Watteeuw International

Active
Public limited companyfounded 1922active for 104 yearsKampveldstraat 51, 8020 Oostkamp, BelgiumKBO/BCE: BE 0405.155.934
Summary

IG Watteeuw International has been active since 1922 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58.8m and a net result of €1.8m. Equity is shrinking by about 4.5% per year across the filed financial years. Its solvency ranks better than 70% of 381 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28150
Oldest company in Oostkamp1 site
Size
€38.8mturnover 2025
Staff
136.9 FTE
Equity
€58.8m
Profit
€1.8m
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
BMT INTERNATIONAL · 100%
Board
5 members
Holdings
5
  • CHOCOSONIFYChair · permanent representative Seynaeve, Jean-Christophe Marie Geneviève Arthur
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 50 days early
Why 91raises riskLiquidity: current ratio 0.76, cash €1.8mlowers riskFounded in 1922Size: turnover €38.8m, 136.9 FTE, total assets €104.5mEquity €58.8m (56.3% of total assets)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 28, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 81+4
equity 56.3% of total assets
Liquidity 45+10
short-term debt 21.8% · cash 1.7%
Profitability 67-4
return on assets 1.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (101 companies, NACE 28, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025highest value 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.2%▲ +0.1 percentage points vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €3,850,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.76, compared with 0.49 in 2024, below 1; short-term debt: 21.8% and cash: 1.7% of total assets), and 43.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, medium-sized): better than 76% on solvency, 67% on liquidity, 60% on profitability and 35% on growth.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.76, cash €1.8m
NBB · annual accounts
lowers risk · Founded in 1922
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €38.8m, 136.9 FTE, total assets €104.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €58.8m (56.3% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 days early
2024
45 days early
2023
56 days early
2022
47 days early
2021
48 days early
2020
40 days early
2019
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 46 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
13-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Capital & sharesCapital increase · Bank account…
  3. Resignation: Stefaan De Waele (director)Permanent representatives: Jean-Christophe Seynaeve and…

Key points

  • Positive: Oldest company in Oostkampin the Checked rankings No. 1 View
  • Caution: Result fell in 2025from €3.3m to €1.8m ▼ 47.1% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by BMT INTERNATIONALultimately: SIGMA INVEST 100% View
  • Active since 1922founded 09-08-1922 104 years View
  • Positive: 7 profitable years in a rowprofit 2025: €1.8m 7 years View
  • A director leftlatest change 05-12-2025 · 5 in office 1 left View

By topic

Financials

Financial year
2025
Turnover
€38.8m
Profit
€1.8m
Solvency
56.3%
Turnover▼ 14.1%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Parent
BMT INTERNATIONAL · 100%
Auditor
Ernst et Young Reviseurs…
  • CHOCOSONIFYChair
  • Naessens, Judith BeateDirector
  • J.PEASDirector
  • Johan De LilleDirector
  • WIRE CONSULTINGDirector
Go to Board & ownership

Network & group

Group
SIGMA INVEST
Subsidiaries
5
Connected companies
11
Mergers and asset contributions
1

5 subsidiaries

Go to Network & group

Timeline

Events
80
Since
1978
Next accounts
by 31-07-2027
  1. 16-06-2025Annual accounts filed
  2. 05-06-2024Annual accounts filed
  3. 11-04-2024Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28150
Founded
09-08-1922
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“De vennootschap heeft als doel de vervaardiging van alle soorten mechanische constructies…” (deed in Dutch)
Go to Articles of association

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