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ABOUT WATCHES

Active
Private limited company·Vervaardiging van klokken en horloges· 5 yrs active
Rue du Petit-Fraineux 53 ·4550 Nandrin, Belgium
KBO/BCE: BE 0769.486.350
Watch Print / PDF
Age5 yrs
Real estate1 parcel · 1,923 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ABOUT WATCHES is 0.8% (low). The 2022 annual accounts show equity of €26k and a net result of €24k. Its solvency ranks better than 71% of 35 sector peers (fiscal year 2022). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 28-02-2023, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
There is a single filed set of accounts, closing on 30-06. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2022, that is 31-01-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-06-2022 31-01-2023 28-02-2023 28 d late 2023-00032586

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.8% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€24k
Working capital€24k

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 28-02-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 26 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 49.7% 31.6%
better than 71% of 35 sector peers
Net result €24k €598
better than 90% of 35 sector peers
Equity €26k €18k
better than 62% of 35 sector peers
Gross operating margin €30k €7k
better than 69% of 35 sector peers
Total assets €52k €72k
better than 40% of 35 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2022
Depositmicro
Revenue-
EBITDA€30k
Net profit€24k
Cash flow€24k
Staff costs-
Income taxes€6k
Dividends-
Total assets€52k
Equity€26k
Debt€26k
of which ≤ 1y€26k
of which > 1y-
Working capital€24k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.91
Quick ratio1.10
Working capital ratio46.0%
Solvency49.7%
Debt / equity1.01
Long-term debt ratio-
Interest coverage3181.27
Gross margin-
Net margin-
ROA45.9%
ROE92.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€52k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€50k
Stocks & contracts in progress 3€21k
Amounts receivable within one year 40/41€4k
Cash & bank 54/58€24k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€52k
Equity 10/15€26k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€24k
Amounts payable 17/49€26k
Amounts payable within one year 42/48€26k
Income statement
Gross operating margin 9900€30k
Operating result 9901€30k
Financial charges 65€9
Result before taxes 9903€30k
Income taxes 67/77€6k
Net result for the period 9904€24k
Result to be appropriated 9905€24k
Ratios computed by Checked.

Health barometer

FY 2022 · computed
86 / 100 Excellent
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Petit-Fraineux 534550 Nandrin

Establishment units

1 location
ABOUT WATCHES
Rue du Petit-Fraineux 53, 4550 NandrinVervaardiging en bewerking van ander glas (inclusief technisch glaswerk)
since 20212.318.486.773
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,923 m²
Buildings1
Building footprint150 m²
Volume (LiDAR)847 m³
Tallest building7.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61053A0036/00S000 Wallonia 1,923 m² 1 · 150 m² 7.8 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health86Profitability100Solvency93Growth-Stability79
90 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 86
Profitability 100
Solvency 93
Growth -
Stability 79

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 7 of the 65 companies in this sector. 6 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van uurwerken26520Vervaardiging van klokken en horloges26520Vervaardiging en bewerking van overig glas, inclusief technisch glaswerk23150Vervaardiging en bewerking van ander glas (inclusief technisch glaswerk)23190Vervaardiging van artikelen van draad en van kettingen en veren25930Vervaardiging van artikelen van draad en van kettingen en veren25930Groothandel in uurwerken en sieraden46480Groothandel in uurwerken en sieraden46480Detailhandel in uurwerken en sieraden in gespecialiseerde winkels47770Detailhandel in uurwerken en sieraden47770Reparatie van uurwerken en sieraden95250Reparatie en onderhoud van uurwerken en sieraden95250
Primary activity highlighted.
Names & trade names
Legal nameFR ABOUT WATCHES
Registered office
Rue du Petit-Fraineux 53
4550 Nandrin, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.