Equity
€5.3m ▲ 10.6%
Water has made a profit in every financial year since 2015.
Pantarein Water
Part of the group
236 companies in 18 countries
Lifetime
11 annual accounts with figures on one time axispeak €3.3m (2021)
-not published
peak €1.7m (2024)
€1.3m▼ 22.7%
peak €5.3m (2025)
€5.3m▲ 10.6%
€11.3m▲ 23.6%
peak 43.9 FTE (2025)
43.9 FTE▲ 6.3%
Board6 names since 2015
2 directors and 1 other
Owners2 names in the annual accounts
consolidates
Documentsfilings and deeds
23-07-20268 days before the deadline
2025financial year
Amendment of the articles · Legal-form change 02-092 directors appointed, 2 resignations 14-07Debts from €9.1m to €11.3m1 establishment registeredInvestments €2.7mCash from €2.3m to €1.5m
Key points
from the 2025 annual accountsInvestments
€9.8m 7.4 × depreciation
Green is investment, beige is depreciation.
Payment terms
62 days to suppliers
Water pays its suppliers 22 days earlier than in 2024. Customers pay 14 days later.
Liquidity
2.45 was 1.55 in 2024
Short-term debts fell from €4.7m to €3.6m.
Filings
11 annual accounts since 2015
Two of the last ten came late. The 2019 accounts came latest: 4 days after the end of the period.
Public support
€1.9m awarded from 2022 to 2025
Flemish support, mostly Onderzoeksproject.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as Pantarein Water has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for Pantarein Water. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, , since 18-06-2025
Director, , since 18-06-2025
Auditor,
- 51%equity €1.13bn (2026) · 31-03-2026 annual accounts of
- 19.89%equity €2.0m (2025) · annual accounts 2024
Recent changes
Appointment: (statutory auditor)
Permanent representative: · General meeting of 05-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0635938532
Amendment of the articles · Legal-form change
General meeting of 20-08-2025 · Gazette deed
2 directors appointed, 2 resignations
Resignations: and · Permanent representatives: and · Appointments: and · General meeting of 18-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Pantarein Water Mechelen | €17.3m | 10.8% | 31.2% | 43.9 |
| ALONCO AANNEMINGEN Beveren-Kruibeke-Zwijndrecht | - | - | 34.1% | 32.4 |
| VAN RAAK LOUIS Ravels | €13.8m | 9.1% | 25.7% | 30.7 |
| AANNEMINGEN M. EN J. BRAET Nieuwpoort | €19.4m | 10.0% | 40.4% | 50.7 |
| ACOTEC Aalst | €9.2m | 2.1% | 45.1% | 23.5 |
| CONSORTIUM ANTWERP PORT (OMAN) Beveren-Kruibeke-Zwijndrecht | - | - | 77.5% | - |
| BACKX Brecht | - | - | 36.6% | 20.8 |
Grey: the largest companies of the sector (civil engineering (NACE 42)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Water: civil engineering (NACE 42919). They are comparable in size and age: total assets between €2.6m and €16m, founded between 1989 and 2011.
Official details
Source: KBO- Status
- Active since 01-09-2015Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- Civil engineeringNACE 42919and 4 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment units
- 2.245.163.0872800 Mechelen, since 01-09-2015
- 2.372.114.2142800 Mechelen, since 01-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- €17.0m▲ 21.1%
- Employeeson 31-12-2025
- 50▲ 16.3%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Companies linked to Pantarein Water
Parent and group
Insights on Pantarein Water
Water has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.3m and a net result of €1.3m.
Equity has been growing by about 22% per year since 2018. Its solvency ranks better than 36% of 378 sector peers (NACE 42, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Pantarein Water
- What is the company number of Pantarein Water?
- The company number of Water is 0635.938.532. The VAT number is the same number with BE in front: BE 0635.938.532.
- Where is Pantarein Water based?
- The registered office is at Egide Walschaertsstraat 22, 2800 Mechelen.Company details
- What does Pantarein Water do?
- According to the KBO register, the main activity is civil engineering (NACE 42919).
- What is the legal form of Pantarein Water?
- Water is a private limited company (BV).
- When was Pantarein Water founded?
- Water was founded on 01-09-2015.
- Is Pantarein Water still active?
- Yes, Water is an active enterprise in the KBO register.
- How many employees does Pantarein Water have?
- Water had an average of 43.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Pantarein Water fall under?
- In its 2022 annual accounts, Water states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Pantarein Water?
- The turnover of Water was €17.3m in financial year 2025, according to the filed annual accounts.
- Is Pantarein Water profitable?
- In financial year 2025, Water made a profit of €1.3m.
- Where can I find the annual accounts of Pantarein Water?
- Water filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Pantarein Water due?
- Water must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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