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BELWATECH

Inactive KBO/BCE: BE 0837.551.448
BELWATECH
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Overview

Lifetime

9 annual accounts with figures on one time axis
peak €977,777 (2018)
€624,007▼ 36.0%
lowest -€205,583 (2020)
-€205,583▼ €223,424
peak €148,895 (2019)
-€56,688▼ €205,583
€578,645▲ 20.8%
peak 26.2 FTE (2018)
21 FTE▼ 8.7%
Board1 name since 2020
- 
Documentsfilings and deeds
25-01-2022178 days late
2020micro format
Gross margin from €974,465 to €624,007Loss of €205,583Staff from 23 FTE to 21 FTEResignation: (manager) 24-06Equity from €148,895 to -€56,688Debts from €478,855 to €578,645

Key points

from the 2020 annual accounts, the last ones filed

Equity

-€56,688 from €148,895 in 2019

Equity fell below zero in 2020.

Debts

€578,645 111% of the balance sheet
After one year 18%Within one year 82%

Of this, €472,322 falls due within a year.

Filings

9 annual accounts 9 late
AprilJune31 JulyOctober20152020

The 2020 accounts came latest: 178 days after the end of the period.

Board and ownership

last known board
Manager, until 2020
Board & ownership

Recent changes

Bankruptcy closure (by liquidation) Enterprise Court of Walloon Brabant · judgment of 11-12-2025 · Bankruptcy
Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 21-03-2022 · Bankruptcy
Registered office moved within Waterloo New registered office: Chaussée de Louvain 47, 1410 Waterloo · Previous registered office: Avenue des Pâquerette, 55 bte 6 à 1410 Waterloo · Gazette deed
Resignation: (manager) General meeting of 09-10-2019 · Gazette deed
All 18 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 15-07-2011 · bankruptcy closed on 11-12-2025
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2020

€624,007▼ 36.0%
≈ €1.3mestimated
€205,583
-€56,688
€521,958▼ 16.9%
21 FTE▼ 8.7%
Filing
Filed on 25-01-2022
Financials

Insights on BELWATECH

Equity fell from €148,895 in 2019 to -€56,688 in 2020, while debts rose from €478,855 to €578,645.

On 21 March 2022 the court declared BELWATECH bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2020

micro format, filed on 25-01-2022, 178 days late
€624,007
▼ 36.0%
-€167,360
▼ €239,810
-€205,583
▼ €223,424
-€156,221
▼ €92,387
-10.9%
▼ 34.6 percentage points
0.67
▼ 0.18

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.3m. Estimated: probably between €870,000 and €1.8m.

Balance sheet

balance sheet total €521,958 on 31-12-2020
What the company ownsHow it is paid for

in euro

in euro

Staff

€33,082

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202020192018201720162015201420132012
Balance sheet: assets
20/58 521,958627,750594,866494,199387,732377,521245,708138,26732,082
21/28 205,856274,235214,542111,731164,992147,35494,57677,4037,953
21 92,511123,26962,2257,53732,48440,3926,0008,000-
22/27 79,054116,674124,68776,56479,92777,36867,12260,8922,317
23 2,9631,1314,6225,4516,2807,1091,4151,592-
24 7,07811,82511,82513,00926,96239,02151,75659,3002,317
26 69,01297,223101,74551,60846,68531,23713,952--
27 -6,4956,4956,495-----
28 34,29234,29227,63027,63052,58229,59421,4548,5115,636
29/58 316,101353,514380,324382,468222,740230,167151,13260,86424,129
3 209,601262,549224,368177,036145,657135,48348,17130,74011,769
30/36 209,601262,549224,368177,036145,657135,48348,17130,74011,769
40/41 14,57420,89681,42655,27010,75840,74543,9796,0394,348
40 14,45620,88550,11429,80210,75840,74539,692-4,348
41 1181131,31225,468--4,2866,039-
54/58 90,12759,72772,730148,36264,52552,13953,02522,2848,012
490/1 1,80010,3431,8001,8001,8001,8005,9581,800-
Balance sheet: equity and liabilities
10/49 521,958627,750594,866494,199387,732377,521245,708138,26732,082
10/15 -56,688148,895131,075125,909117,131111,342100,80232,61620,291
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,600
100 18,60018,60018,60018,60018,60018,60018,60018,60018,600
13 1,8601,8601,8601,8601,8601,8601,8601,860260
130/1 1,860--------
130 1,8601,8601,8601,8601,8601,8601,8601,860260
14 -77,148128,435110,615105,44996,67190,88280,34212,1561,431
17/49 578,645478,855463,791368,290270,601266,179144,906105,65111,791
17 106,32359,685103,81952,30072,181----
170/4 106,32359,685103,81952,30072,181----
42/48 472,322417,348359,973301,335198,420266,179144,906105,65111,791
42 198,998112,12892,67263,78719,680----
43 3,44727,4843,447------
430/8 3,44727,4843,447------
44 65,894118,16245,49653,39742,394145,54973,18453,7222,102
440/4 65,894118,16245,49653,39742,394145,54973,18453,7222,102
45 193,790146,898173,358134,151136,345120,63071,72251,9299,689
450/3 71,08751,72283,76449,63541,46056,16518,50039,2856,539
454/9 122,70395,17689,59384,51694,88664,46553,22212,6443,150
47/48 10,19312,67745,00050,000-----
492/3 -1,821-14,655-----
Income statement
76A -----01,443--
9900 624,007974,465977,777895,909686,174612,537371,521115,06710,490
62 694,720835,046823,149690,337610,082550,440253,57975,0316,997
630 80,24954,09621,80928,87535,99634,36522,17017,8711,159
631/4 6,495---6,648----
640/8 9,90312,87413,7578,74910,8424,6303,4503,263548
66A --4,20634,6252075665--
9901 -167,36072,450114,856133,32122,58523,10192,32318,9021,786
75/76B -5--137-161371
75 -5--137-161371
65/66B 38,22322,71342,81215,17315,56110,4206,4266,42396
65 38,22322,71342,81215,17315,56110,4206,4266,42396
9903 -205,58349,74272,044118,1487,16212,60686,69112,6151,691
67/77 -31,90121,87759,3921,3732,06618,504290-
9904 -205,58317,84150,16758,7575,78910,54068,18712,3251,691
9905 -205,58317,84150,16758,7575,78910,54068,18712,3251,691
Appropriation of the result
9906 -77,148128,456155,615155,42896,67190,88280,34213,7561,691
791/2 ---21-----
691/2 -------1,600260
6920 -------1,600260
694/7 -2145,00050,000-----
694 --45,00050,000-----
Social balance sheet
9087 212326.2-17.717.412.320.2
Hours worked1013 35,14638,49340,390-30,56930,05121,2432,754240
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

Source: Annual accounts 2020 (PDF), filed on 25-01-2022.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2020 annual accounts filed 178 days after the deadline. Filed on 25 January 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-01900089.

Financial year Type Filed Reference Document
31-12-2020 micro format 25-01-2022 2022-01900089 PDF
31-12-2019 full format 06-10-2020 2020-59400571 PDF
31-12-2018 full format 26-08-2019 2019-51300155 PDF
31-12-2017 full format 24-09-2018 2018-64100180 PDF
31-12-2016 full format 27-09-2017 2017-63600212 PDF
31-12-2015 full format 30-09-2016 2016-64000367 PDF
31-12-2014 full format 24-09-2015 2015-59900428 PDF
31-12-2013 full format 27-08-2014 2014-49400230 PDF
31-12-2012 full format 07-08-2013 2013-40500601 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202020192018201720162015201420132012
-87,112126,546136,665162,19758,58257,466114,49236,7722,944
-125,33471,93771,97687,63241,78544,90590,35630,1962,849
15,955113,789204,21922,28988,02987,14339,34387,3209,112
30,400-13,003-75,63283,83712,386-88630,74014,272-
-156,221-63,83420,35281,13324,320-36,0126,226-44,78712,338
-10.9%23.7%22.0%25.5%30.2%29.5%41.0%23.6%63.2%
0.670.851.061.271.120.861.040.582.05
0.230.220.430.680.390.360.710.291.05
-3.223.542.932.312.391.443.240.58
-12.0%38.3%46.7%4.9%9.5%67.6%37.8%8.3%
-39.4%2.8%8.4%11.9%1.5%2.8%27.8%8.9%5.3%

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on BELWATECH

The operating result for 2020 is a loss of €167,360, after a profit of €72,450 in 2019. It is the lowest result since 2012.

Equity is negative. Debt (€578,645) exceeds the balance-sheet total (€521,958).

Board & ownership

Curator

1 mandate
Marc-Alain Speidel
Curator, Chaussee De Louvain 523, 1380 Lasne
from 21-03-2022 to 11-12-2025
Also on 100 other cases

Mandates through the years

1 name, the dashed line is today

Manager
Earliermandate already running before its first mentionBankruptcy 21-03-2022
Mandates as a list
    • Manager, until 24-06-2020

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€18,600
Source
2020 annual accounts

Office holders in the KBO →

Timeline

Timeline

18 events since 2011
2025
Bankruptcy closure (by liquidation) Enterprise Court of Walloon Brabant · judgment of 11-12-2025
2022
Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 21-03-2022
Annual accounts 2020 filed PDFmicro format · 178 days late
2021
Registered office moved within WaterlooNew registered office: Chaussée de Louvain 47, 1410 Waterloo · Previous registered office: Avenue des Pâquerette, 55 bte 6 à 1410 Waterloo1 point ▸
  • Registered-office move, Chaussée de Louvain 47, 1410 Waterloo

Open the deed in the Belgian Official Gazette

2020
Weakest financial year net -€205,583 The net result drops to -€205,583, the lowest from 2012 to 2020.
Annual accounts 2019 filed PDFfull format · 67 days late
Resignation: (manager)General meeting of 09-10-20192 points ▸
  • General meeting, 09-10-2019
  • Director resignation, (manager)

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFfull format · 26 days late
2018
Annual accounts 2017 filed PDFfull format · 55 days late
2017
Annual accounts 2016 filed PDFfull format · 58 days late
2016
Annual accounts 2015 filed PDFfull format · 61 days late
Registered office moved within WaterlooNew registered office: Avenue des Pâquerettes 55, bâiment 6 à 1410 Waterloo · Previous registered office: Chaussée de Bruxelles, 520 A-1410 Waterloo · General meeting of 13-01-20162 points ▸
  • General meeting, 13-01-2016
  • Registered-office move, Avenue des Pâquerettes 55, bâiment 6 à 1410 Waterloo

Open the deed in the Belgian Official Gazette

2015
Annual accounts 2014 filed PDFfull format · 55 days late
2014
Highest result from 2012 to 2020 net €68,187 ▲453% The net result of €68,187 is the highest of those years.
Equity above €100,000 equity €100,802 ▲209% With a profit in every financial year since 2012, equity grows to €100,802.
Annual accounts 2013 filed PDFfull format · 27 days late
2013
Annual accounts 2012 filed PDFfull format · 7 days late
2011
Incorporation PDF6 publications in the Belgian Official Gazette, the last on 25-03-2022

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

The registered office was moved to Waterloo in 2016.1 Total assets fell from €594,866 in 2018 to €521,958 in 2020 and headcount from 26.2 to 21 full-time equivalents.2 The bankruptcy of BELWATECH was declared on 21 March 2022 and closed on 11 December 2025.34

  1. 1Belgian Official Gazette, 05-04-2016
  2. 2National Bank, annual accounts 2018 and 2020
  3. 3Belgian Official Gazette, 25-03-2022
  4. 4Belgian Official Gazette, 23-12-2025

Company details

Inactive

BELWATECH is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2020
Last registered office
Avenue Des Paquerettes 55 Batiment 6, 1410 Waterlooas published on 22 March 2021
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2012
Official KBO record

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