De Watering
ActiveDe Watering has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.85M and a net result of €529k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 4506 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
62
/ 100
Healthy▲ +32 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▲+16
Solvency50▲+9
Growth51=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.1M at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.63 in 2024), and 64.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
35.4%
Return on assets
1.1%
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 27-08-2026, 27 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
27 d late
2024
7 d early
2023
28 d late
2022
12 d early
2021
61 d early
2020
26 d early
2019
46 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.02M▲ 10.2%
2022 · €2.74M
2018: €2.45M
2019: €2.50M
2020: €2.52M
2021: €2.47M
2022: €2.74M
2018 → 2023
EBIT margin
23.2%▼ 16.4pp
2022 · 39.6%
2018: 62.7%
2019: 61.5%
2020: 61.9%
2021: 76.8%
2022: 39.6%
2018 → 2023
Net result
€529k
2024 · €-22k
2018: €1.05M
2019: €1.07M
2020: €1.13M
2021: €1.39M
2022: €778k
2023: €177k
2024: €-22k
2018 → 2025
Working capital
€-4.20M▲ 50.2%
2024 · €-8.43M
2018: €-2.64M
2019: €-1.40M
2020: €-843k
2021: €650k
2022: €-1.93M
2023: €-11.87M
2024: €-8.43M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.47M-€2.74M▲ 10.7%€3.02M▲ 10.2%
Equity€15.39M-€16.17M▲ 5.1%€16.35M▲ 1.1%€16.33M▼ 0.1%€16.85M▲ 3.2%
Operating result€1.90M-€1.08M▼ 42.9%€699k▼ 35.5%€845k▲ 20.9%€1.46M▲ 72.7%
Net result€1.39M-€778k▼ 43.8%€177k▼ 77.3%€-22k€529k
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 73% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47.59M
Fixed assets
€33.71M▼ 9.8%
Current assets
€13.88M▼ 1.4%
Equity and liabilities €47.59M
Equity
€16.85M▲ 3.2%
Provisions
€137k▼ 7.7%
Debt
€30.60M▼ 12.5%
The debt ratio falls from 68.0% to 64.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€2.95M▲
2024 · €2.27M
Cash flow
€2.02M▲
2024 · €1.41M
Solvency
35.4%▲
2024 · 31.7%
Current ratio
0.77▲
2024 · 0.63
Quick ratio
0.77▲
2024 · 0.63
Debt / equity
1.82▼
2024 · 2.14
ROE
3.1%▲
2024 · -0.1%
ROA
1.1%▲
2024 · 0.0%
Interest coverage
3.26▲
2024 · 2.54
Debt
€30.60M▼
2024 · €34.95M
Debt ≤ 1 year
€18.08M▼
2024 · €22.50M
Debt > 1 year
€12.00M=
2024 · €12.00M
Income taxes
€199k▲
2024 · €17k
Staff costs
€860k▲
2024 · €851k
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€51.43M€47.59M▼
Fixed assets21/28€37.35M€33.71M▼
Tangible fixed assets22/27€29.22M€28.10M▼
Land and buildings22€28.94M€27.91M▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€281k€193k▼
Financial fixed assets28€8.13M€5.60M▼
Current assets29/58€14.07M€13.88M▼
Amounts receivable after more than one year29€760k€500k▼
Other amounts receivable291€760k€500k▼
Amounts receivable within one year40/41€1.06M€2.09M▲
Trade receivables40€451k€17k▼
Other amounts receivable41€610k€2.08M▲
Current investments50/53-€8.88M
Cash at bank and in hand54/58€12.24M€2.32M▼
Deferred charges and accrued income490/1€14k€93k▲
Equity and liabilities
Total equity and liabilities10/49€51.43M€47.59M▼
Equity10/15€16.33M€16.85M▲
Contributions10/11€1.60M€1.60M=
Capital10€1.60M€1.60M=
Issued capital100€1.60M€1.60M=
Reserves13€14.73M€15.25M▲
Non-distributable reserves130/1€160k€160k=
Legal reserve130€160k€160k=
Tax-exempt reserves132€1.20M€1.16M▼
Distributable reserves133€13.37M€13.93M▲
Provisions and deferred taxes16€149k€137k▼
Deferred taxes168€149k€137k▼
Amounts payable17/49€34.95M€30.60M▼
Amounts payable after more than one year17€12.00M€12.00M=
Other amounts payable178/9€12.00M€12.00M=
Amounts payable within one year42/48€22.50M€18.08M▼
Trade debts44€52k€87k▲
Suppliers440/4€52k€87k▲
Taxes, remuneration and social security45€280k€177k▼
Taxes450/3€148k€41k▼
Remuneration and social security454/9€132k€136k▲
Other amounts payable47/48€22.17M€17.82M▼
Accrued charges and deferred income492/3€448k€517k▲
Income statement
Code20242025
Non-recurring operating income76A€303k€7k▼
Remuneration, social security and pensions62€851k€860k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.43M€1.49M▲
Other operating charges640/8€397k€481k▲
Non-recurring operating charges66A€264k€0▼
Gross operating margin9900€3.79M€4.29M▲
Operating profit (loss)9901€845k€1.46M▲
Financial income75/76B€34k€270k▲
Recurring financial income75€34k€270k▲
Financial charges65/66B€896k€1.01M▲
Recurring financial charges65€896k€904k▲
Non-recurring financial charges66B-€110k
Profit (loss) for the period before taxes9903€-17k€716k▲
Transfer from deferred taxes780€11k€11k=
Income taxes67/77€17k€199k▲
Profit (loss) for the period9904€-22k€529k▲
Transfer from tax-exempt reserves789€34k€34k=
Profit (loss) for the period to be appropriated9905€12k€563k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€563k▲
Transfer to equity691/2€12k€563k▲
To other reserves6921€12k€563k▲
Social balance
Average headcount (FTE)90878.58.0▼
The notes to these accounts (18 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Back to profitnet €529k
Net result €529k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-22k ▼112%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.39M ▲22.7%
Operating result €1.90M, net result €1.39M, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Mol · 1 establishment unit since 1972
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.
Edmond Van Hoofstraat 92400 MolGround area
2,936 m²
Building footprint
232 m²
Volume, LiDAR
2,306 m³
Parcel 13434F0643/00P000, Flanders · tallest building 31.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Edmond Van Hoofstraat 9, 2400 Mol
since 19722.230.351.583
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0643/00P000 | Flanders | 2,936 m² | 1 · 232 m² | 31.5 m · 3 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
2025 · 1 entry · 771 EUR awarded · 771 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 771 EUR | 771 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,586 companies in sector 01500 we hold annual accounts for 1,144. 129 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-01-1972
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 49 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
2 entriesE-mail:alfons.eyckmans@almaw.be
Phone:014 31 58 91