General Waterproofing Solutions
ActiveGeneral Waterproofing Solutions has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €-27k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-19
Solvency36▼-24
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.5 in 2024; short-term debt: 89.5% and cash: 1.7% of total assets), and 89.5% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7760 sector peers (2025).
NBB · sector comparisonPosition among 7760 sector peers
Solvency
better than 12%
← weakest
strongest →
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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
14 d late
2022
31 d late
2021
92 d late
2020
221 d late
2019
122 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, abbreviated schema
Equity
€104k▼ 76.0%
2024 · €431k
2018: €216k
2019: €289k
2020: €390k
2021: €399k
2022: €501k
2023: €411k
2024: €431k
2018 → 2025
Total assets
€986k▼ 20.5%
2024 · €1.24M
2018: €295k
2019: €396k
2020: €569k
2021: €708k
2022: €898k
2023: €906k
2024: €1.24M
2018 → 2025
Net result
€-27k
2024 · €20k
2018: €177k
2019: €73k
2020: €101k
2021: €9k
2022: €102k
2023: €210k
2024: €20k
2018 → 2025
Working capital
€83k▼ 79.4%
2024 · €401k
2018: €201k
2019: €276k
2020: €368k
2021: €370k
2022: €537k
2023: €371k
2024: €401k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€399k-€501k▲ 25.6%€411k▼ 18.0%€431k▲ 4.9%€104k▼ 76.0%
Operating result€21k-€159k▲ 657%€299k▲ 87.9%€48k▼ 84.0%€-35k
Net result€9k-€102k▲ 1,018%€210k▲ 106%€20k▼ 90.4%€-27k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35k after €48k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €986k
Fixed assets
€21k▼ 30.4%
Current assets
€965k▼ 20.3%
Equity and liabilities €986k
Equity
€104k▼ 76.0%
Debt
€883k▲ 9.0%
The debt ratio rises from 65.3% to 89.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-23k▼
2024 · €60k
Cash flow
€-16k▼
2024 · €32k
Solvency
10.5%▼
2024 · 34.7%
Current ratio
1.09▼
2024 · 1.50
Quick ratio
1.02▼
2024 · 1.50
Debt / equity
8.52▲
2024 · 1.88
ROE
-26.3%▼
2024 · 4.6%
ROA
-2.8%▼
2024 · 1.6%
Interest coverage
-0.94▼
2024 · 1.65
Debt
€883k▲
2024 · €810k
Debt ≤ 1 year
€883k▲
2024 · €810k
Income taxes
€11k▼
2024 · €33k
Staff costs
€145k▼
2024 · €212k
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€1.24M€986k▼
Fixed assets21/28€30k€21k▼
Intangible fixed assets21-€2k
Tangible fixed assets22/27€30k€19k▼
Plant, machinery and equipment23€18k€8k▼
Furniture and vehicles24€1k€403▼
Leasing and similar rights25€9k€9k=
Other tangible fixed assets26€1k€589▼
Current assets29/58€1.21M€965k▼
Stocks and contracts in progress3-€66k
Stocks30/36-€66k
Amounts receivable within one year40/41€1.20M€882k▼
Trade receivables40€73k€0▼
Other amounts receivable41€1.13M€882k▼
Cash at bank and in hand54/58€9k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€986k▼
Equity10/15€431k€104k▼
Contributions10/11€20k€20k=
Reserves13€410k€110k▼
Distributable reserves133€410k€110k▼
Profit (loss) carried forward14-€-27k
Amounts payable17/49€810k€883k▲
Amounts payable within one year42/48€810k€883k▲
Current portion of amounts payable after more than one year42€133k€125k▼
Financial debts43-€5k
Other loans439-€5k
Trade debts44€432k€412k▼
Suppliers440/4€432k€412k▼
Taxes, remuneration and social security45€155k€131k▼
Taxes450/3€148k€130k▼
Remuneration and social security454/9€6k€1k▼
Other amounts payable47/48€89k€210k▲
Income statement
Code20242025
Remuneration, social security and pensions62€212k€145k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€590€54k▲
Gross operating margin9900€273k€176k▼
Operating profit (loss)9901€48k€-35k▼
Financial income75/76B€42k€43k▲
Recurring financial income75€42k€43k▲
Financial charges65/66B€37k€24k▼
Recurring financial charges65€37k€24k▼
Profit (loss) for the period before taxes9903€53k€-16k▼
Income taxes67/77€33k€11k▼
Profit (loss) for the period9904€20k€-27k▼
Profit (loss) for the period to be appropriated9905€20k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-27k▼
Transfer from equity791/2-€300k
Transfer to equity691/2€20k-
To other reserves6921€20k-
Profit to be distributed694/7-€300k
Return on contributions (dividend)694-€300k
Social balance
Average headcount (FTE)90873.51.8▼
The notes to these accounts (8 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 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-27k ▼236%
Net result drops to €-27k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Highest result since 2018net €210k ▲106%
Operating result €299k, net result €210k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €501k ▲25.6%
5 profitable years in a row build equity to €501k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 221 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 44 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · 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
4 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, Antwerpen · 1 establishment unit since 2017
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.
Taxandriastraat 33/352170 AntwerpenGround area
196 m²
Building footprint
80 m²
Volume, LiDAR
577 m³
Parcel 11422C0017/00B004, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
General Waterproofing Solutions
since 20172.261.893.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0017/00B004 | Flanders | 196 m² | 1 · 80 m² | 11.7 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.
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BOIS DESIGN
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Of 366 companies in sector 43421 we hold annual accounts for 203. 167 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2017
Fiscal year end31-12
Activities, NACEBEL
43421Specialised construction activities
43350Other building finishing work
43910Bricklaying and masonry work
43994Specialised construction activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.