De Waterhoeve
ActiveDe Waterhoeve has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €32k. Equity is growing by ~56.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 4610 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
81
/ 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
Profitability94▼-4
Solvency81▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 0.54 in 2024; short-term debt: 30% and cash: 33.3% of total assets), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.7%
Return on assets
20.4%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
60 d late
2023
29 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▲ 57.8%
2024 · €56k
2023: €25k
2024: €56k
2023 → 2025
Total assets
€159k▲ 19.1%
2024 · €134k
2023: €79k
2024: €134k
2023 → 2025
Net result
€32k▲ 5.2%
2024 · €31k
2023: €19k
2024: €31k
2023 → 2025
Working capital
€14k
2024 · €-21k
2023: €-24k
2024: €-21k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€25k-€56k▲ 122%€89k▲ 57.8%
Operating result€24k-€41k▲ 71.2%€44k▲ 6.1%
Net result€19k-€31k▲ 59.6%€32k▲ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159k
Fixed assets
€97k▼ 11.3%
Current assets
€62k▲ 156%
Equity and liabilities €159k
Equity
€89k▲ 57.8%
Debt
€70k▼ 9.0%
The debt ratio falls from 57.9% to 44.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66k▲
2024 · €58k
Cash flow
€55k▲
2024 · €48k
Solvency
55.7%▲
2024 · 42.1%
Current ratio
1.30▲
2024 · 0.54
Quick ratio
1.30▲
2024 · 0.54
Debt / equity
0.79▼
2024 · 1.38
ROE
36.6%▼
2024 · 54.9%
ROA
20.4%▼
2024 · 23.1%
Interest coverage
56.12▲
2024 · 40.21
Debt
€70k▼
2024 · €77k
Debt ≤ 1 year
€48k▲
2024 · €45k
Debt > 1 year
€23k▼
2024 · €33k
Income taxes
€10k▲
2024 · €9k
Staff costs
€3k▼
2024 · €4k
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€134k€159k▲
Fixed assets21/28€109k€97k▼
Tangible fixed assets22/27€109k€97k▼
Land and buildings22€55k€54k▼
Plant, machinery and equipment23€16k€14k▼
Furniture and vehicles24€38k€29k▼
Current assets29/58€24k€62k▲
Amounts receivable within one year40/41-€9k
Trade receivables40-€9k
Other amounts receivable41-€50
Cash at bank and in hand54/58€24k€53k▲
Deferred charges and accrued income490/1€299€304▲
Equity and liabilities
Total equity and liabilities10/49€134k€159k▲
Equity10/15€56k€89k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€50k€83k▲
Amounts payable17/49€77k€70k▼
Amounts payable after more than one year17€33k€23k▼
Financial debts170/4€33k€23k▼
Amounts payable within one year42/48€45k€48k▲
Current portion of amounts payable after more than one year42€10k€10k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€6k▼
Remuneration and social security454/9-€1k
Other amounts payable47/48€24k€24k▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€22k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€64k€70k▲
Operating profit (loss)9901€41k€44k▲
Financial income75/76B€224-
Recurring financial income75€224-
Non-recurring financial income76B€224-
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€40k€42k▲
Income taxes67/77€9k€10k▲
Profit (loss) for the period9904€31k€32k▲
Profit (loss) for the period to be appropriated9905€31k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€83k▲
Profit (loss) brought forward from the previous period14P€19k€50k▲
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €32k ▲5.2%
Operating result €44k, net result €32k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.30
Current ratio from 0.54 to 1.30.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lede · 1 establishment unit since 2023
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.
Serskampstraat 329340 LedeGround area
1,029 m²
Building footprint
183 m²
Volume, LiDAR
827 m³
Parcel 41066A0600/00C000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Waterhoeve
since 20232.341.304.737
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41066A0600/00C000 | Flanders | 1,029 m² | 1 · 183 m² | 6.7 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 siteLede2.341.304.737
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Of 6,711 companies in sector 96230 we hold annual accounts for 629. 453 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2023
Fiscal year end31-12
Activities, NACEBEL
96040Personal service activities
96230Day spas, saunas and steam baths
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
68201Renting and operating of own or leased residential real estate, excluding social housing
96993Pet care services, excluding veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.