Clean Water Global
ActiveThe computed 12-month bankruptcy probability of Clean Water Global is 2.5% (moderate). The annual accounts of Clean Water Global for fiscal year 2025 show a net loss of 56% of total assets and of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €38k and a net result of €-259k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 13% of 27451 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency33▼-67
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 7.88 against 5.13 in 2024; short-term debt: 10.7% and cash: 41.8% of total assets), but 91.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.3%
Return on assets
-55.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-259k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 13%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
9 d early
2024
20 d early
2023
26 d early
2022
6 d early
2021
13 d early
2020
24 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€38k▼ 87.1%
2024 · €298k
2020: €33k
2021: €25k
2022: €26k
2023: €519k
2024: €298k
2020 → 2025
Total assets
€465k▲ 34.8%
2024 · €345k
2020: €121k
2021: €129k
2022: €143k
2023: €687k
2024: €345k
2020 → 2025
Net result
€-259k▼ 16.8%
2024 · €-222k
2020: €8k
2021: €-8k
2022: €338
2023: €6k
2024: €-222k
2020 → 2025
Working capital
€342k▲ 73.7%
2024 · €197k
2020: €-11k
2021: €-26k
2022: €-32k
2023: €473k
2024: €197k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€26k▲ 1.3%€519k▲ 1,910%€298k▼ 42.7%€38k▼ 87.1%
Operating result€-5k-€3k€-73k€-222k▼ 203%€-248k▼ 11.5%
Net result€-8k-€338€6k▲ 1,780%€-222k€-259k▼ 16.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €248k in 2025 against €222k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465k
Fixed assets
€74k▼ 26.8%
Current assets
€392k▲ 60.2%
Equity and liabilities €465k
Equity
€38k▼ 87.1%
Debt
€427k▲ 796%
The debt ratio rises from 13.8% to 91.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-215k▼
2024 · €-193k
Cash flow
€-227k▼
2024 · €-192k
Solvency
8.3%▼
2024 · 86.2%
Current ratio
7.88▲
2024 · 5.13
Quick ratio
7.31▲
2024 · 4.07
Debt / equity
11.11▲
2024 · 0.16
ROE
-674.5%▼
2024 · -74.5%
ROA
-55.7%▲
2024 · -64.3%
Interest coverage
-18.83▲
2024 · -70.46
Debt
€427k▲
2024 · €48k
Debt ≤ 1 year
€50k▲
2024 · €48k
Debt > 1 year
€300k▲
2024 · €0
Income taxes
€0▼
2024 · €144
Staff costs
€128k▲
2024 · €37k
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€345k€465k▲
Fixed assets21/28€101k€74k▼
Intangible fixed assets21€35k€26k▼
Tangible fixed assets22/27€61k€43k▼
Plant, machinery and equipment23€48k€29k▼
Furniture and vehicles24€4k€7k▲
Other tangible fixed assets26€9k€7k▼
Financial fixed assets28€4k€4k▲
Current assets29/58€245k€392k▲
Stocks and contracts in progress3€51k€28k▼
Stocks30/36€51k€28k▼
Amounts receivable within one year40/41€173k€169k▼
Trade receivables40€26k€20k▼
Other amounts receivable41€147k€149k▲
Current investments50/53€0€0=
Cash at bank and in hand54/58€20k€194k▲
Deferred charges and accrued income490/1€800€0▼
Equity and liabilities
Total equity and liabilities10/49€345k€465k▲
Equity10/15€298k€38k▼
Contributions10/11€512k€512k=
Reserves13€0€0=
Non-distributable reserves130/1€0€0=
Own shares acquired1312€0€0=
Distributable reserves133€0-
Profit (loss) carried forward14€-215k€-474k▼
Amounts payable17/49€48k€427k▲
Amounts payable after more than one year17€0€300k▲
Financial debts170/4€0€300k▲
Amounts payable within one year42/48€48k€50k▲
Current portion of amounts payable after more than one year42€3k€0▼
Financial debts43€0€47▲
Credit institutions430/8€0€47▲
Trade debts44€41k€25k▼
Suppliers440/4€41k€25k▼
Taxes, remuneration and social security45€3k€24k▲
Taxes450/3€256€7k▲
Remuneration and social security454/9€3k€17k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0€77k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€37k€128k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€32k▲
Other operating charges640/8€1k€872▼
Gross operating margin9900€-154k€-86k▲
Operating profit (loss)9901€-222k€-248k▼
Financial income75/76B€3k€43▼
Recurring financial income75€3k€43▼
Financial charges65/66B€3k€11k▲
Recurring financial charges65€3k€11k▲
Profit (loss) for the period before taxes9903€-222k€-259k▼
Income taxes67/77€144€0▼
Profit (loss) for the period9904€-222k€-259k▼
Profit (loss) for the period to be appropriated9905€-222k€-259k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-222k€-474k▼
Profit (loss) brought forward from the previous period14P-€-215k
Transfer from equity791/2€7k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (17 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-259k
Net result drops to €-259k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 6current ratio 3.88
Current ratio from 0.68 to 3.88.
31-12
Financial
Equity above €500kEq €519k ▲1910%
2 profitable years in a row build equity to €519k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €338
Net result €338 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
Registered office, Genk · 1 establishment unit since 2019
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.
Nieuwpoortlaan 213600 GenkGround area
4,422 m²
Building footprint
2,398 m²
Volume, LiDAR
7,006 m³
Parcel 71304D1226/00F003, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Clean Water Global
since 20192.296.895.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1226/00F003 | Flanders | 4,422 m² | 1 · 2,398 m² | 9.7 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 314,259 EUR awarded · 133,648 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 289,111 EUR | 121,000 EUR |
| 2024 | 1 | 25,000 EUR | 12,500 EUR |
| 2022 | 1 | 148 EUR | 148 EUR |
Schemes
Ontwikkelingsproject
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,864 companies in sector 43341 we hold annual accounts for 2,664. 2,276 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2019
Fiscal year end31-12
Activities, NACEBEL
39000Remediation activities and other waste management service activities
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.cleanwaterglobal.eu
Website:www.tiboss.be
E-mail:info@cleanwaterglobal.eu
E-mail:info@tiboss.be