CLEAR WATER PROJECTS
ActiveThe computed 12-month bankruptcy probability of CLEAR WATER PROJECTS is 4.5% (elevated). The 2025 annual accounts show negative equity (€-137k) and a net result of €-39k. Equity is shrinking by ~64.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 7757 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
13
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-77
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.44 in 2024; short-term debt: 748.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 · 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
-648.1%
Return on assets
-182.5%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-137k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
22 d late
2023
92 d late
2022
29 d late
2021
27 d late
2020
27 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€368k
2021 · €0
2020: €0
2021: €0
2020 → 2022
EBIT margin
-3.0%
Net result
€-39k
2024 · €6k
2020: €-3k
2021: €9k
2022: €-13k
2023: €-102k
2024: €6k
2020 → 2025
Working capital
€-142k▼ 31.5%
2024 · €-108k
2020: €-3k
2021: €1k
2022: €-23k
2023: €-118k
2024: €-108k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€368k
Equity€10k-€-2k€-105k▼ 4,164%€-99k▲ 5.7%€-137k▼ 39.2%
Operating result€12k-€-11k€-89k▼ 712%€8k€-37k
Net result€9k-€-13k€-102k▼ 714%€6k€-39k
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 turns negative in 2025: a loss of €37k after €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21k
Fixed assets
€5k▼ 50.7%
Current assets
€17k▼ 80.5%
Key figures and ratios
EBITDA
€-33k▼
2024 · €13k
Cash flow
€-34k▼
2024 · €11k
Solvency
-648.1%▼
2024 · -104.2%
Current ratio
0.10▼
2024 · 0.44
Quick ratio
0.09▼
2024 · 0.18
Debt / equity
-1.15▲
2024 · -1.96
ROA
-182.5%▼
2024 · 6.3%
Interest coverage
-27.37▼
2024 · 6.65
Debt
€158k▼
2024 · €193k
Debt ≤ 1 year
€158k▼
2024 · €193k
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€95k€21k▼
Fixed assets21/28€9k€5k▼
Intangible fixed assets21€555-
Tangible fixed assets22/27€9k€5k▼
Furniture and vehicles24€553€181▼
Other tangible fixed assets26€8k€4k▼
Current assets29/58€85k€17k▼
Stocks and contracts in progress3€51k€3k▼
Stocks30/36€51k€3k▼
Amounts receivable within one year40/41€33k€14k▼
Trade receivables40€32k€14k▼
Other amounts receivable41€1k€207▼
Deferred charges and accrued income490/1€849-
Equity and liabilities
Total equity and liabilities10/49€95k€21k▼
Equity10/15€-99k€-137k▼
Contributions10/11€4k€4k=
Outside capital11€4k€4k=
Other1109/19€4k€4k=
Profit (loss) carried forward14€-103k€-141k▼
Amounts payable17/49€193k€158k▼
Amounts payable within one year42/48€193k€158k▼
Current portion of amounts payable after more than one year42€2k-
Financial debts43€5k€5k▲
Credit institutions430/8€5k€5k▲
Trade debts44€46k€4k▼
Suppliers440/4€46k€4k▼
Taxes, remuneration and social security45€22k€954▼
Taxes450/3€21k€954▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€118k€148k▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€5k€2k▼
Non-recurring operating charges66A€319-
Gross operating margin9900€22k€-31k▼
Operating profit (loss)9901€8k€-37k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€6k€-39k▼
Profit (loss) for the period9904€6k€-39k▼
Profit (loss) for the period to be appropriated9905€6k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-103k€-141k▼
Profit (loss) brought forward from the previous period14P€-109k€-103k▲
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 1.01
Current ratio from 0.09 to 1.01.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zemst · 1 establishment unit since 2020
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.
Hoogstraat 1751980 ZemstGround area
112 m²
Building footprint
112 m²
Volume, LiDAR
438 m³
Parcel 23096C0228/00Y000, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CLEAR WATER PROJECTS
since 20202.305.547.072
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23096C0228/00Y000 | Flanders | 112 m² | 1 · 112 m² | 5.2 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.
Similar companies · same sector, comparable size
SB BOUWWERKEN
BE 0800.193.580
Rijkevorsel · Eq €10k
HYDROPOSE
BE 0798.129.757
Namur · Eq €10k
DAKWERKEN STEMA
BE 0663.832.168
Veurne · Eq €10k
PHILEXP
BE 1001.772.646
Sint-Pieters-Woluwe · Eq €11k
ASD CONSULTING
BE 0873.065.722
Herentals · Eq €9k
Of 366 companies in sector 43421 we hold annual accounts for 203. 106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2020
Fiscal year end31-12
Abbreviation NL
CWP
Activities, NACEBEL
43421Specialised construction activities
42219Civil engineering
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68310Real estate agency activities
68311Real estate activities
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.clearwaterprojects.be
E-mail:hello@clearwaterprojects.be