BELWATECH
InactiveBELWATECH was declared bankrupt on 21-03-2022 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed by liquidation by judgment of 11-12-2025, published in the Belgian State Gazette on 23-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-01-2022, 178 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
178 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 123 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€205,583
2019 · €17,841
Working capital
-€156,221▼ 145%
2019 · -€63,834
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€114,856-€72,450▼ 36.9%-€167,360
Net result€50,167-€17,841▼ 64.4%-€205,583
Equity€131,075-€148,895▲ 13.6%-€56,688
Total assets€594,866-€627,750▲ 5.5%€521,958▼ 16.9%
Debt€463,791-€478,855▲ 3.2%€578,645▲ 20.8%
Working capital€20,352--€63,834-€156,221▼ 145%
Staff (FTE)26.2-23▼ 12.2%21▼ 8.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €167,360 after €72,450 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €521,958
Fixed assets
€205,856 ▼ 24.9%
Current assets
€316,101 ▼ 10.6%
Key figures and ratios
EBITDA
-€87,112▼
2019 · €126,546
Cash flow
-€125,334▼
2019 · €71,937
Solvency
-10.9%▼
2019 · 23.7%
Current ratio
0.67▼
2019 · 0.85
Quick ratio
0.23▲
2019 · 0.22
Debt to equity
-1.88▼
2019 · 0.40
ROA
-39.4%▼
2019 · 2.8%
Debt ≤ 1 year
€472,322▲
2019 · €417,348
Debt > 1 year
€106,323▲
2019 · €59,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,809 | €54,096 | €80,249 | ▲ 48.3% |
| Gross operating margin9900 | €977,777 | €974,465 | €624,007 | ▼ 36.0% |
| Operating profit (loss)9901 | €114,856 | €72,450 | -€167,360 | ▼ 331% |
| Recurring financial income75 | - | €5 | - | - |
| Recurring financial charges65 | €42,812 | €22,713 | €38,223 | ▲ 68.3% |
| Profit (loss) for the period before taxes9903 | €72,044 | €49,742 | -€205,583 | ▼ 513% |
| Income taxes67/77 | €21,877 | €31,901 | - | - |
| Profit (loss) for the period9904 | €50,167 | €17,841 | -€205,583 | ▼ 1,252% |
| Profit (loss) for the period to be appropriated9905 | €50,167 | €17,841 | -€205,583 | ▼ 1,252% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €594,866 | €627,750 | €521,958 | ▼ 16.9% |
| Fixed assets21/28 | €214,542 | €274,235 | €205,856 | ▼ 24.9% |
| Intangible fixed assets21 | €62,225 | €123,269 | €92,511 | ▼ 25.0% |
| Tangible fixed assets22/27 | €124,687 | €116,674 | €79,054 | ▼ 32.2% |
| Financial fixed assets28 | €27,630 | €34,292 | €34,292 | = |
| Current assets29/58 | €380,324 | €353,514 | €316,101 | ▼ 10.6% |
| Stocks and contracts in progress3 | €224,368 | €262,549 | €209,601 | ▼ 20.2% |
| Amounts receivable within one year40/41 | €81,426 | €20,896 | €14,574 | ▼ 30.3% |
| Cash at bank and in hand54/58 | €72,730 | €59,727 | €90,127 | ▲ 50.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €594,866 | €627,750 | €521,958 | ▼ 16.9% |
| Equity10/15 | €131,075 | €148,895 | -€56,688 | ▼ 138% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €110,615 | €128,435 | -€77,148 | ▼ 160% |
| Amounts payable17/49 | €463,791 | €478,855 | €578,645 | ▲ 20.8% |
| Amounts payable after more than one year17 | €103,819 | €59,685 | €106,323 | ▲ 78.1% |
| Amounts payable within one year42/48 | €359,973 | €417,348 | €472,322 | ▲ 13.2% |
| Trade debts44 | €45,496 | €118,162 | €65,894 | ▼ 44.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,167 | €17,841 | -€205,583 | ▼ 1,252% |
| + Depreciation and write-downs630 | €21,809 | €54,096 | €80,249 | ▲ 48.3% |
| Operating cash flow (approximation) | €71,976 | €71,937 | -€125,334 | ▼ 274% |
| Investment in fixed assets (approximation) | - | -€113,789 | -€11,870 | ▲ 89.6% |
| Change in cash | - | -€13,003 | €30,400 | ▲ 334% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-12
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Brabant wallon · event 11-12-2025
2022
25-03
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 21-03-2022
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 178 days late
2020
31-12
Financial
Weakest financial yearnet -€205,583
Net result drops to -€205,583, the lowest in the series.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
24-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 55 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
2013
07-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 7 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC-ALAIN SPEIDEL CHAUSSEE DE LOUVAIN 523,
1380 LASNE |
21-03-2022 → 11-12-2025 |