AL-WATOOL
ActiveAL-WATOOL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-582k) and a net result of €9k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency20▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 13.07 against 21.51 in 2024; short-term debt: 0.1% and cash: 0.3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.2%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9195 sector peers (2025).
NBB · sector comparisonPosition among 9195 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
28 d late
2022
52 d late
2021
67 d late
2020
43 d early
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-582k▲ 1.6%
2024 · €-591k
2018: €-815k
2019: €-1.26M
2020: €-1.73M
2021: €-925k
2022: €-32k
2023: €-624k
2024: €-591k
2018 → 2025
Total assets
€11.28M▲ 6.4%
2024 · €10.60M
2018: €7.23M
2019: €7.26M
2020: €7.30M
2021: €8.67M
2022: €9.94M
2023: €9.94M
2024: €10.60M
2018 → 2025
Net result
€9k▼ 72.2%
2024 · €33k
2018: €-435k
2019: €-445k
2020: €-471k
2021: €-544k
2022: €-607k
2023: €-592k
2024: €33k
2018 → 2025
Working capital
€77k▲ 76.9%
2024 · €44k
2018: €131k
2019: €191k
2020: €254k
2021: €210k
2022: €18k
2023: €48k
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-925k-€-32k▲ 96.5%€-624k▼ 1,839%€-591k▲ 5.3%€-582k▲ 1.6%
Operating result€-1k-€-39k▼ 2,877%€4k€33k▲ 643%€9k▼ 71.9%
Net result€-544k-€-607k▼ 11.7%€-592k▲ 2.5%€33k€9k▼ 72.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.28M
Fixed assets
€11.20M▲ 6.1%
Current assets
€84k▲ 82.7%
Key figures and ratios
EBITDA
€35k▼
2024 · €59k
Cash flow
€35k▼
2024 · €59k
Solvency
-5.2%▲
2024 · -5.6%
Current ratio
13.07▼
2024 · 21.51
Quick ratio
5.86▼
2024 · 21.51
Debt / equity
-20.39▼
2024 · -18.93
ROA
0.1%▼
2024 · 0.3%
Interest coverage
319.15▼
2024 · 471.92
Debt
€11.86M▲
2024 · €11.19M
Debt ≤ 1 year
€6k▲
2024 · €2k
Debt > 1 year
€11.86M▲
2024 · €11.19M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.60M€11.28M▲
Fixed assets21/28€10.55M€11.20M▲
Tangible fixed assets22/27€10.55M€11.19M▲
Land and buildings22€10.55M€11.19M▲
Financial fixed assets28€3k€5k▲
Current assets29/58€46k€84k▲
Stocks and contracts in progress3-€46k
Stocks30/36-€46k
Amounts receivable within one year40/41-€7k
Trade receivables40-€7k
Cash at bank and in hand54/58€46k€31k▼
Equity and liabilities
Total equity and liabilities10/49€10.60M€11.28M▲
Equity10/15€-591k€-582k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Revaluation surpluses12€2.85M€2.85M=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-3.46M€-3.45M▲
Amounts payable17/49€11.19M€11.86M▲
Amounts payable after more than one year17€11.19M€11.86M▲
Financial debts170/4€11.19M€11.86M▲
Amounts payable within one year42/48€2k€6k▲
Financial debts43-€36
Credit institutions430/8-€36
Trade debts44-€2k
Suppliers440/4-€2k
Other amounts payable47/48€2k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▲
Other operating charges640/8€7k€17k▲
Gross operating margin9900€66k€52k▼
Operating profit (loss)9901€33k€9k▼
Financial charges65/66B€125€111▼
Recurring financial charges65€125€111▼
Profit (loss) for the period before taxes9903€33k€9k▼
Profit (loss) for the period9904€33k€9k▼
Profit (loss) for the period to be appropriated9905€33k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3.46M€-3.45M▲
Profit (loss) brought forward from the previous period14P€-3.49M€-3.46M▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €33k
Net result €33k after 6 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 21.51
Current ratio from 8.56 to 21.51; short-term debt falls from €6k to €2k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 8.56
Current ratio from 2.53 to 8.56; short-term debt falls from €12k to €6k.
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial
Weakest financial yearnet €-607k
Net result drops to €-607k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2016
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-05-2016
Resigned as Manager
Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2011
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.
Vossenlaan 93080 TervurenGround area
648 m²
Building footprint
160 m²
Parcel 24302F0108/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vossenlaan 9, 3080 Tervuren
since 20112.207.206.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302F0108/00T000 | Flanders | 648 m² | 1 · 160 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 206 companies in sector 68202 we hold annual accounts for 190. 6 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2011
Fiscal year end31-12
Activities, NACEBEL
68202Real estate activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.