D-Watt

Active

Public limited companyfounded 20232 yrs activeHerkenrodesingel 4B, 3500 Hasselt, BelgiumKBO/BCE: BE 1002.715.031

The computed 12-month bankruptcy probability of D-Watt is 2.0% (moderate). The 2025 annual accounts show equity of €13k and a net result of €-65k. Its solvency ranks better than 8% of 2028 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

37 / 100

Weak▼ -23 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability10▼-54

Solvency12▼-3

Growth55

Stability82

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.01 against 1.07 in 2024), and 99.6% of the assets are financed with debt.

How do we compute the score and the probability?

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

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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 →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 2028 sector peers (2025).

NBB · sector comparison

Position among 2028 sector peers

Solvency

better than 8%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

28 d early

2024

22 d early

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€8.94M▲ 149%

2024 · €3.59M

2024: €3.59M

2024 → 2025

EBIT margin

-0.7%▼ 2.1pp

2024 · 1.4%

2024: 1.4%

2024 → 2025

Net result

€-65k

2024 · €17k

2024: €17k

2024 → 2025

Working capital

€26k▼ 83.8%

2024 · €164k

2024: €164k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Turnover€3.59M-€8.94M▲ 149%

Equity€79k-€13k▼ 82.9%

Operating result€50k-€-66k

Net result€17k-€-65k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €66k after €50k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €3.58M

99.6%

Equity €13k▼ 82.9%

Debt €3.57M▲ 48.3%

The debt ratio rises from 96.8% to 99.6%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

Solvency

0.4%▼

2024 · 3.2%

Current ratio

1.01▼

2024 · 1.07

Quick ratio

1.01▼

2024 · 1.02

ROE

-483.9%▼

2024 · 21.7%

ROA

-1.8%▼

2024 · 0.7%

Debt

€3.57M▲

2024 · €2.41M

Debt ≤ 1 year

€3.56M▲

2024 · €2.32M

Income taxes

€-529▼

2024 · €6k

A ratio outside any meaningful range has been withheld (balance sheet total €3.58M, equity €13k).

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€2.49M€3.58M▲

Current assets29/58€2.49M€3.58M▲

Stocks and contracts in progress3€121k€9k▼

Contracts in progress37€121k€9k▼

Amounts receivable within one year40/41€1.77M€1.74M▼

Trade receivables40€1.75M€1.72M▼

Other amounts receivable41€21k€23k▲

Cash at bank and in hand54/58€573k€1.83M▲

Deferred charges and accrued income490/1€23k-

Equity and liabilities

Total equity and liabilities10/49€2.49M€3.58M▲

Equity10/15€79k€13k▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€855€855=

Non-distributable reserves130/1€855€855=

Legal reserve130€855€855=

Profit (loss) carried forward14€16k€-49k▼

Amounts payable17/49€2.41M€3.57M▲

Amounts payable after more than one year17€51k-

Financial debts170/4€51k-

Other loans174€51k-

Amounts payable within one year42/48€2.32M€3.56M▲

Trade debts44€1.79M€3.55M▲

Suppliers440/4€1.79M€3.55M▲

Advances received on contracts in progress46€234k-

Taxes, remuneration and social security45€6k€6k▼

Taxes450/3€6k€6k▼

Other amounts payable47/48€289k€3k▼

Accrued charges and deferred income492/3€34k€13k▼

Income statement Code20242025

Operating income70/76A€3.91M€8.92M▲

Turnover70€3.59M€8.94M▲

Change in stocks of work in progress, finished goods and contracts in progress71€121k€-113k▼

Other operating income74€201k€87k▼

Operating charges60/66A€3.86M€8.98M▲

Goods for resale, raw materials and consumables60€3.45M€8.96M▲

Purchases600/8€3.45M€8.96M▲

Services and other goods61€405k€18k▼

Other operating charges640/8€834€964▲

Operating profit (loss)9901€50k€-66k▼

Financial income75/76B-€3k

Recurring financial income75-€3k

Other financial income752/9-€3k

Financial charges65/66B€26k€2k▼

Recurring financial charges65€26k€2k▼

Debt charges650€26k€2k▼

Other financial charges652/9€381€182▼

Profit (loss) for the period before taxes9903€23k€-66k▼

Income taxes67/77€6k€-529▼

Taxes670/3€6k-

Tax adjustments and reversals of tax provisions77-€529

Profit (loss) for the period9904€17k€-65k▼

Profit (loss) for the period to be appropriated9905€17k€-65k▼

Appropriation of the result

Profit (loss) to be appropriated9906€17k€-49k▼

Profit (loss) brought forward from the previous period14P-€16k

Transfer to equity691/2€855-

To the legal reserve6920€855-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

09-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

NBB filing

Directors · office · real estate

Directors

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.

10-06-2024 Demtec NV: Appointed as Permanent representative

05-03-2024 FBCorstruct BV: Resigned as Permanent representative

Location & real-estate footprint

Registered office, Hasselt

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.

Herkenrodesingel 4B3500 Hasselt

Ground area

2,234 m²

Building footprint

622 m²

Volume, LiDAR