Join For Water
ActiveJoin For Water has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.52M and a net result of €-37k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency82▲+10
Growth52=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 7.03 against 5.87 in 2024), but 62.3% 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 94
Relative position
BE, all sectors
reference
Sector 94
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
37.7%
Return on assets
-0.9%
Age of the figures
8 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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
37 d early
2023
29 d early
2022
34 d early
2021
41 d early
2020
57 d early
2019
24 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-37k
2024 · €3k
2018: €16k
2019: €82k
2020: €144k
2021: €38k
2022: €92k
2023: €11k
2024: €3k
2018 → 2025
Working capital
€3.36M▼ 20.2%
2024 · €4.21M
2018: €5.53M
2019: €5.58M
2020: €4.19M
2021: €4.23M
2022: €3.41M
2023: €3.67M
2024: €4.21M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.36M-€1.45M▲ 6.2%€1.46M▲ 0.7%€1.60M▲ 9.5%€1.52M▼ 4.8%
Operating result€41k-€111k▲ 173%€20k▼ 82.2%€-45k€19k
Net result€38k-€92k▲ 140%€11k▼ 88.3%€3k▼ 74.1%€-37k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €45k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.04M
Fixed assets
€121k▼ 26.1%
Current assets
€3.91M▼ 22.9%
Equity and liabilities €4.04M
Equity
€1.52M▼ 4.8%
Provisions
€269k▼ 9.6%
Debt
€2.25M▼ 32.8%
The debt ratio falls from 63.8% to 55.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€78k▲
2024 · €66k
Cash flow
€22k▼
2024 · €114k
Solvency
37.7%▲
2024 · 30.5%
Current ratio
7.03▲
2024 · 5.87
Quick ratio
7.03▲
2024 · 5.87
Debt / equity
1.48▼
2024 · 2.09
ROE
-2.4%▼
2024 · 0.2%
ROA
-0.9%▼
2024 · 0.1%
Interest coverage
0.91▼
2024 · 0.98
Debt
€2.25M▼
2024 · €3.34M
Debt ≤ 1 year
€557k▼
2024 · €864k
Staff costs
€2.40M▼
2024 · €2.68M
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€5.24M€4.04M▼
Fixed assets21/28€164k€121k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€143k€104k▼
Land and buildings22€2k€6k▲
Plant, machinery and equipment23€31k€18k▼
Furniture and vehicles24€109k€80k▼
Financial fixed assets28€21k€17k▼
Current assets29/58€5.07M€3.91M▼
Amounts receivable within one year40/41€797k€501k▼
Trade receivables40€227k€210k▼
Other amounts receivable41€571k€291k▼
Current investments50/53€200k€200k=
Cash at bank and in hand54/58€2.28M€1.85M▼
Deferred charges and accrued income490/1€1.80M€1.36M▼
Equity and liabilities
Total equity and liabilities10/49€5.24M€4.04M▼
Equity10/15€1.60M€1.52M▼
Contributions10/11€667k€667k=
Capital10€667k€667k=
Reserves13€493k€493k=
Profit (loss) carried forward14€302k€265k▼
Investment grants15€136k€95k▼
Provisions and deferred taxes16€298k€269k▼
Provisions for liabilities and charges160/5€298k€269k▼
Other liabilities and charges164/5€298k€269k▼
Amounts payable17/49€3.34M€2.25M▼
Amounts payable within one year42/48€864k€557k▼
Trade debts44€133k€125k▼
Suppliers440/4€133k€125k▼
Taxes, remuneration and social security45€182k€202k▲
Taxes450/3€11k€14k▲
Remuneration and social security454/9€170k€188k▲
Accrued charges and deferred income492/3€2.48M€1.69M▼
Income statement
Code20242025
Remuneration, social security and pensions62€2.68M€2.40M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€59k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€729€5k▲
Other operating charges640/8€3.58M€3.04M▼
Gross operating margin9900€6.29M€5.50M▼
Operating profit (loss)9901€-45k€19k▲
Financial income75/76B€116k€36k▼
Recurring financial income75€116k€36k▼
Financial charges65/66B€68k€92k▲
Recurring financial charges65€67k€86k▲
Non-recurring financial charges66B€350€6k▲
Profit (loss) for the period before taxes9903€3k€-37k▼
Profit (loss) for the period9904€3k€-37k▼
Profit (loss) for the period to be appropriated9905€3k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€303k€265k▼
Profit (loss) brought forward from the previous period14P€300k€302k▲
From contributions791€15k-
To contributions691€16k-
Social balance
Average headcount (FTE)908757.118.2▼
The notes to these accounts (22 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
05-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment12 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment12 facts ▸
- General meeting, 2026-06-20
- Director resignation, Pierre Van Den Eynde (bestuurder)
- Director appointment, Koning Antonique (bestuurder)
- Director appointment, Looten Frederik (secretaris)
- Director appointment, Lust Arnoud (bestuurder)
- Director appointment, Maes Luc (penningmeester)
- Director appointment, Van Den Auwelant Ewald (bestuurder)
- Director appointment, Sas Marc (bestuurder)
- Director appointment, Vandorpe Wouter (bestuurder)
- Director appointment, Broekaert Leen (bestuurder)
- Director appointment, Garré Sarah (bestuurder)
- Director appointment, Bruggenhout Filip (voorzitter)
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-37k ▼1407%
Net result drops to €-37k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €144k ▲74.7%
Operating result €161k, net result €144k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26100420). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Broekaert Leen
CurrentDirector · since 20-06-2025
Bruggenhout Filip
CurrentChair · since 20-06-2025
Garré Sarah
CurrentDirector · since 20-06-2025
Koning Antonique
CurrentDirector · since 20-06-2025
Looten Frederik
CurrentSecretary · since 20-06-2025
Lust Arnoud
CurrentDirector · since 20-06-2025
+ 4 not shown in this overview
20-06-2026
Pierre Van Den Eynde: Resigned as Director
20-06-2025
Broekaert Leen: Appointed as Director
20-06-2025
Bruggenhout Filip: Appointed as Chair
20-06-2025
Garré Sarah: Appointed as Director
20-06-2025
Koning Antonique: Appointed as Director
20-06-2025
Looten Frederik: Appointed as Secretary
20-06-2025
Lust Arnoud: Appointed as Director
20-06-2025
MAES Luc: Appointed as Treasurer
20-06-2025
Sas Marc: Appointed as Director
20-06-2025
Van Den Auwelant Ewald: Appointed as Director
20-06-2025
Vandorpe Wouter: Appointed as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2006
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.
Flamingostraat 369000 GentGround area
1,100 m²
Building footprint
330 m²
Volume, LiDAR
1,683 m³
Parcel 44809I0589/00D005, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Join For Water
since 20062.155.661.583
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0589/00D005 | Flanders | 1,100 m² | 1 · 330 m² | 8.3 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.
Structure & network
Connections & network
15 connected companiesLinked via shared directors
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
Show 11 more companies with a shared director
viaMAES Luc · Managing director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Lid van de raad van bestuur en de algemene vergadering
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
viaMAES Luc · Director
former→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 2,062,850 EUR awarded · 1,189,859 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 60,000 EUR | 335,000 EUR |
| 2024 | 3 | 1,001,476 EUR | 653,485 EUR |
| 2023 | 2 | 499,980 EUR | 200,000 EUR |
| 2022 | 2 | 501,394 EUR | 1,374 EUR |
Schemes
Subsidie voor projecten internationale klimaatfinanciering (Vlaams klimaatfonds)
Subsidies voor omgevingsverenigingen
Vlaams opleidingsverlof (VOV)
Werkbaarheidscheque (stopgezet)
Federal government
2023 to 2025 · 6 entries · 10,950,034 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Buitenlandse Zaken | 2 | 3,603,365 EUR |
| 2024 | FOD Buitenlandse Zaken | 2 | 3,706,699 EUR |
| 2023 | FOD Buitenlandse Zaken | 2 | 3,639,970 EUR |
Budget allocations
Ondersteuning aan de bijdrage van de organisaties van de civiele maatschappij en institutionele actoren in de realisatie van de doelen van de gemeenschappelijke strategische kaders (cf. art. 2.14.6 en 2.14.10 van de wetsbepalingen)
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Of 287 companies in sector 94995 we hold annual accounts for 102. 74 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded14-01-1977
Fiscal year end31-12
Activities, NACEBEL
94995Activities of membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.