Go Watts
The computed 12-month bankruptcy probability of Go Watts is 5.9% (elevated). The 2024 annual accounts show negative equity (€-1.62M) and a net result of €-736k. Equity is shrinking by ~67.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 990 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-1.62M |
| Net result | €-736k |
| Staff (FTE) | 11.9 |
| Better than sector | 5% |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -184.2% | 35.4% | |
| Net result | €-736k | €30k | |
| Equity | €-1.62M | €120k | |
| Gross operating margin | €226k | €170k | |
| Staff costs | €800k | €194k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-621k |
| Net profit | €-736k |
| Cash flow | €-710k |
| Staff costs | €800k |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €877k |
| Equity | €-1.62M |
| Debt | €2.49M |
| of which ≤ 1y | €315k |
| of which > 1y | €2.18M |
| Working capital | €382k |
| Employees (FTE) | 11.9 |
| 2024 | |
|---|---|
| Current ratio | 2.21 |
| Quick ratio | 1.31 |
| Working capital ratio | 43.6% |
| Solvency | -184.2% |
| Debt / equity | -1.54 |
| Long-term debt ratio | -1.35 |
| Interest coverage | -7.04 |
| Gross margin | - |
| Net margin | - |
| ROA | -83.9% |
| ROE | 45.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €877k |
| Fixed assets | 21/28 | €179k |
| Intangible fixed assets | 21 | €125k |
| Tangible fixed assets | 22/27 | €39k |
| Financial fixed assets | 28 | €15k |
| Current assets | 29/58 | €698k |
| Stocks & contracts in progress | 3 | €286k |
| Amounts receivable within one year | 40/41 | €348k |
| Cash & bank | 54/58 | €47k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €877k |
| Equity | 10/15 | €-1.62M |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €-1.64M |
| Amounts payable | 17/49 | €2.49M |
| Amounts payable after one year | 17 | €2.18M |
| Amounts payable within one year | 42/48 | €315k |
| Trade debts payable within one year | 44 | €214k |
| Income statement | ||
| Gross operating margin | 9900 | €226k |
| Operating result | 9901 | €-647k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €88k |
| Result before taxes | 9903 | €-735k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €-736k |
| Result to be appropriated | 9905 | €-736k |
Former directors (1)
-
Former- → 08-09-2025
| NACE primary | Specialised construction(43240) |
| Legal form | Private limited company(610) |
| Incorporation | 04-02-2021 |
| Status | Active |
| Postal code | 3290 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055A0015/00E000 | Flanders | 4,917 m² | 1 · 161 m² | 13.1 m · 1 fl. |
| 24020A0045/00T000indicative | Flanders | 56 m² | 1 · 55 m² | 11.4 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
06-01-2026 Tom Hennes resigns as director
- Tom Hennes, Bestuurder
Technical details
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}08-02-2021 Incorporation of a new BV
Technical details
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"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Go Watts |