NEW WATER
ActiveNEW WATER has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €49k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-6
Solvency36▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.08 in 2024; short-term debt: 85% and cash: 21.3% of total assets), and 88.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
11.4%
Return on assets
3.3%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7931 sector peers (2025).
NBB · sector comparisonPosition among 7931 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €167k
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
9 d early
2019
2 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€167k▲ 41.5%
2024 · €118k
2018: €21k
2019: €19k
2020: €15k
2021: €30k
2022: €154k
2023: €22k
2024: €118k
2018 → 2025
Total assets
€1.47M▼ 37.0%
2024 · €2.32M
2018: €74k
2019: €73k
2020: €70k
2021: €1.28M
2022: €1.83M
2023: €2.20M
2024: €2.32M
2018 → 2025
Net result
€49k▼ 48.9%
2024 · €96k
2018: €-4k
2019: €-2k
2020: €-3k
2021: €15k
2022: €124k
2023: €-132k
2024: €96k
2018 → 2025
Working capital
€218k▲ 28.6%
2024 · €169k
2018: €21k
2019: €19k
2020: €15k
2021: €26k
2022: €150k
2023: €47k
2024: €169k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€154k▲ 408%€22k▼ 85.6%€118k▲ 434%€167k▲ 41.5%
Operating result€31k-€173k▲ 465%€-107k€143k€97k▼ 32.0%
Net result€15k-€124k▲ 715%€-132k€96k€49k▼ 48.9%
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 falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.47M
Fixed assets
€2k▼ 70.2%
Current assets
€1.46M▼ 36.9%
Equity and liabilities €1.47M
Equity
€167k▲ 41.5%
Debt
€1.30M▼ 41.2%
The debt ratio falls from 94.9% to 88.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102k▼
2024 · €148k
Cash flow
€54k▼
2024 · €101k
Solvency
11.4%▲
2024 · 5.1%
Current ratio
1.17▲
2024 · 1.08
Quick ratio
0.45▼
2024 · 0.58
Debt / equity
7.77▼
2024 · 18.69
ROE
29.3%▼
2024 · 81.3%
ROA
3.3%▼
2024 · 4.1%
Interest coverage
1.88▼
2024 · 2.52
Debt
€1.30M▼
2024 · €2.21M
Debt ≤ 1 year
€1.25M▼
2024 · €2.15M
Income taxes
€7k▲
2024 · €338
Staff costs
€122k▼
2024 · €183k
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€2.32M€1.47M▼
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€5k€68▼
Financial fixed assets28€0-
Current assets29/58€2.32M€1.46M▼
Stocks and contracts in progress3€1.07M€898k▼
Stocks30/36€1.07M€898k▼
Amounts receivable within one year40/41€432k€253k▼
Trade receivables40€320k€226k▼
Other amounts receivable41€113k€27k▼
Cash at bank and in hand54/58€818k€313k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€2.32M€1.47M▼
Equity10/15€118k€167k▲
Contributions10/11€6k€6k=
Reserves13€112k€161k▲
Distributable reserves133€112k€161k▲
Amounts payable17/49€2.21M€1.30M▼
Amounts payable within one year42/48€2.15M€1.25M▼
Trade debts44€156k€121k▼
Suppliers440/4€156k€121k▼
Taxes, remuneration and social security45€12k€17k▲
Taxes450/3€1k€2k▲
Remuneration and social security454/9€11k€15k▲
Other amounts payable47/48€1.98M€1.11M▼
Accrued charges and deferred income492/3€56k€52k▼
Income statement
Code20242025
Remuneration, social security and pensions62€183k€122k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€54k€-75k▼
Other operating charges640/8€2k€42k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€387k€193k▼
Operating profit (loss)9901€143k€97k▼
Financial income75/76B€12k€13k▲
Recurring financial income75€12k€13k▲
Financial charges65/66B€59k€55k▼
Recurring financial charges65€59k€55k▼
Profit (loss) for the period before taxes9903€96k€56k▼
Income taxes67/77€338€7k▲
Profit (loss) for the period9904€96k€49k▼
Profit (loss) for the period to be appropriated9905€96k€49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€49k▼
Transfer from equity791/2€0-
Transfer to equity691/2€96k€49k▼
To other reserves6921€96k€49k▼
Social balance
Average headcount (FTE)90872.11.5▼
The notes to these accounts (10 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
Equity above €150kEq €167k ▲41.5%
2 profitable years in a row build equity to €167k.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Back to profitnet €96k
Net result €96k after one loss-making year.
31-12
Financial
Equity above €100kEq €118k ▲434%
Equity rises from €22k to €118k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-132k ▼207%
Net result drops to €-132k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €124k ▲715%
Operating result €173k, net result €124k, both a record.
31-12
Financial
Equity above €150kEq €154k ▲408%
2 profitable years in a row build equity to €154k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after 3 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Aalter · 1 establishment unit since 2012
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.
Zuidleiestraat 10 C9880 AalterGround area
9,714 m²
Building footprint
5,150 m²
Parcel 44001B0004/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Lettuca
since 20122.205.636.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0004/00L000 | Flanders | 9,714 m² | 1 · 5,150 m² | - |
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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Of 1,246 companies in sector 46643 we hold annual accounts for 954. 660 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2011
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
70200Business and other management consultancy
70220Business consulting
46610Wholesale trade
46649Wholesale of other machinery and equipment
46831Wholesale of construction materials, general range
46836Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.