De Waterval
ActiveThe computed 12-month bankruptcy probability of De Waterval is 3.9% (moderate). The 2024 annual accounts show equity of €43k and a net result of €16k. Equity is growing by ~65.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 18938 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
89
/ 100
Excellent▲ +3 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency66▲+19
Growth52=
Stability100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.25 in 2023), and 63.1% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
36.9%
Return on assets
13.9%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
33 d early
2022
31 d early
2021
37 d early
2020
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€43k▲ 60.7%
2023 · €27k
2020: €19k
2021: €7k
2022: €15k
2023: €27k
2020 → 2024
Total assets
€118k▲ 16.7%
2023 · €101k
2020: €43k
2021: €105k
2022: €120k
2023: €101k
2020 → 2024
Net result
€16k▲ 36.0%
2023 · €12k
2020: €17k
2021: €-12k
2022: €8k
2023: €12k
2020 → 2024
Working capital
€30k▲ 58.0%
2023 · €19k
2020: €19k
2021: €7k
2022: €14k
2023: €19k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€7k▼ 64.9%€15k▲ 125%€27k▲ 80.6%€43k▲ 60.7%
Operating result€28k-€-8k€15k€23k▲ 50.5%€22k▼ 1.1%
Net result€17k-€-12k€8k€12k▲ 44.9%€16k▲ 36.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €118k
Fixed assets
€14k▲ 66.9%
Current assets
€104k▲ 12.2%
Equity and liabilities €118k
Equity
€43k▲ 60.7%
Debt
€74k▲ 0.6%
The debt ratio falls from 73.2% to 63.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€25k▲
2023 · €24k
Cash flow
€19k▲
2023 · €13k
Solvency
36.9%▲
2023 · 26.8%
Current ratio
1.40▲
2023 · 1.25
Quick ratio
1.40▲
2023 · 1.25
Debt / equity
1.71▼
2023 · 2.73
ROE
37.8%▼
2023 · 44.6%
ROA
13.9%▲
2023 · 12.0%
Interest coverage
5.43▲
2023 · 5.02
Debt
€74k▲
2023 · €74k
Debt ≤ 1 year
€74k▲
2023 · €74k
Income taxes
€8k▲
2023 · €6k
Staff costs
€72k▼
2023 · €81k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€101k€118k▲
Fixed assets21/28€8k€14k▲
Tangible fixed assets22/27€8k€14k▲
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€3k€8k▲
Current assets29/58€93k€104k▲
Stocks and contracts in progress3€488€0▼
Stocks30/36€488€0▼
Amounts receivable within one year40/41€0€2k▲
Trade receivables40€0-
Other amounts receivable41€0€2k▲
Cash at bank and in hand54/58€92k€102k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€101k€118k▲
Equity10/15€27k€43k▲
Contributions10/11€2k€2k=
Reserves13€29k€41k▲
Distributable reserves133€29k€41k▲
Profit (loss) carried forward14€-4k€0▲
Amounts payable17/49€74k€74k▲
Amounts payable within one year42/48€74k€74k▲
Current portion of amounts payable after more than one year42€1k€3k▲
Trade debts44€14k€13k▼
Suppliers440/4€14k€13k▼
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€9k€9k▼
Other amounts payable47/48€45k€44k▼
Income statement
Code20232024
Remuneration, social security and pensions62€81k€72k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€109k€100k▼
Operating profit (loss)9901€23k€22k▼
Financial income75/76B-€7k
Recurring financial income75-€7k
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€18k€25k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€12k€16k▲
Profit (loss) for the period to be appropriated9905€12k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€13k▲
Profit (loss) brought forward from the previous period14P€-4k€-4k=
Transfer to equity691/2€12k€13k▲
To other reserves6921€12k€13k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-12k ▼173%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Hoegaarden · 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.
Sint-Jansstraat 233320 HoegaardenGround area
1,567 m²
Building footprint
527 m²
Volume, LiDAR
2,344 m³
Parcel 24041N0219/00K000, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
De Waterval
since 20202.300.272.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24041N0219/00K000 | Flanders | 1,567 m² | 1 · 527 m² | 11.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHoegaarden2.300.272.351
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Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 9,772 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2020
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:dewaterval@telenet.be