DE WACHTER
ActiveDE WACHTER has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €-466. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-5
Solvency83▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.82 in 2024; short-term debt: 35.9% and cash: 35.4% of total assets), and 41.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Sector 47
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
58.5%
Return on assets
-0.4%
Age of the figures
9 mo
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
6 d early
2023
35 d early
2022
29 d late
2021
16 d late
2020
29 d early
2019
11 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€61k▼ 14.7%
2024 · €72k
2018: €36k
2019: €40k
2020: €46k
2021: €57k
2022: €62k
2023: €68k
2024: €72k
2018 → 2025
Total assets
€105k▲ 0.7%
2024 · €104k
2018: €103k
2019: €93k
2020: €113k
2021: €98k
2022: €92k
2023: €94k
2024: €104k
2018 → 2025
Net result
€-466
2024 · €4k
2018: €18k
2019: €6k
2020: €13k
2021: €15k
2022: €5k
2023: €6k
2024: €4k
2018 → 2025
Working capital
€43k▼ 20.4%
2024 · €54k
2018: €10k
2019: €15k
2020: €18k
2021: €28k
2022: €45k
2023: €46k
2024: €54k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€62k▲ 8.7%€68k▲ 9.2%€72k▲ 5.4%€61k▼ 14.7%
Operating result€22k-€9k▼ 60.7%€9k▲ 2.7%€5k▼ 42.3%€598▼ 88.4%
Net result€15k-€5k▼ 67.0%€6k▲ 15.4%€4k▼ 36.4%€-466
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€24k▲ 20.8%
Current assets
€81k▼ 4.0%
Equity and liabilities €105k
Equity
€61k▼ 14.7%
Debt
€44k▲ 35.1%
The debt ratio rises from 31.0% to 41.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8k▼
2024 · €15k
Cash flow
€7k▼
2024 · €14k
Solvency
58.5%▼
2024 · 69.0%
Current ratio
2.15▼
2024 · 2.82
Quick ratio
1.86▼
2024 · 2.55
Debt / equity
0.71▲
2024 · 0.45
ROE
-0.8%▼
2024 · 5.1%
ROA
-0.4%▼
2024 · 3.5%
Interest coverage
12.29▲
2024 · 11.73
Debt
€44k▲
2024 · €32k
Debt ≤ 1 year
€38k▲
2024 · €30k
Debt > 1 year
€6k
Income taxes
€942▲
2024 · €568
Staff costs
€24k▼
2024 · €31k
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€104k€105k▲
Fixed assets21/28€20k€24k▲
Tangible fixed assets22/27€20k€24k▲
Land and buildings22€8k€6k▼
Plant, machinery and equipment23€9k€11k▲
Furniture and vehicles24€3k€6k▲
Current assets29/58€84k€81k▼
Stocks and contracts in progress3€8k€11k▲
Stocks30/36€8k€11k▲
Amounts receivable within one year40/41€15k€29k▲
Trade receivables40€12k€20k▲
Other amounts receivable41€2k€9k▲
Cash at bank and in hand54/58€56k€37k▼
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€104k€105k▲
Equity10/15€72k€61k▼
Contributions10/11€14k€14k=
Reserves13€58k€48k▼
Distributable reserves133€58k€48k▼
Amounts payable17/49€32k€44k▲
Amounts payable after more than one year17-€6k
Financial debts170/4-€6k
Amounts payable within one year42/48€30k€38k▲
Current portion of amounts payable after more than one year42€1k€3k▲
Trade debts44€22k€31k▲
Suppliers440/4€22k€31k▲
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€2k-
Remuneration and social security454/9€5k€3k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Non-recurring operating income76A€24k-
Remuneration, social security and pensions62€31k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€48k€35k▼
Operating profit (loss)9901€5k€598▼
Financial income75/76B€385€558▲
Recurring financial income75€385€558▲
Financial charges65/66B€1k€681▼
Recurring financial charges65€1k€681▼
Profit (loss) for the period before taxes9903€4k€476▼
Income taxes67/77€568€942▲
Profit (loss) for the period9904€4k€-466▼
Profit (loss) for the period to be appropriated9905€4k€-466▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-466▼
Transfer from equity791/2-€11k
Transfer to equity691/2€4k-
To other reserves6921€4k-
Profit to be distributed694/7-€10k
Return on contributions (dividend)694-€10k
The notes to these accounts (9 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 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-466 ▼113%
Net result drops to €-466, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Bornem · 1 establishment unit since 1994
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.
Bovenstraat(BRA) 72880 BornemGround area
591 m²
Building footprint
188 m²
Volume, LiDAR
1,118 m³
Parcel 12362G0369/00N002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bovenstraat(BRA) 7, 2880 Bornem
since 19942.067.277.856
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362G0369/00N002 | Flanders | 591 m² | 1 · 188 m² | 10.0 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBornem2.067.277.856
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,562. 1,337 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-1994
Fiscal year end31-12
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
52220
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.