So Watts
ActiveThe computed 12-month bankruptcy probability of So Watts is 1.7% (moderate). The 2025 annual accounts show negative equity (€-31k) and a net result of €-22k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 27676 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
20
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.71 in 2024; short-term debt: 123.7% and cash: 2.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-28.3%
Return on assets
-20.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-31k
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 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
34 d early
2023
28 d early
2022
87 d early
2021
4 d late
2020
37 d early
2019
11 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-31k▼ 276%
2024 · €-8k
2018: €19k
2019: €20k
2020: €18k
2021: €18k
2022: €24k
2023: €158k
2024: €-8k
2018 → 2025
Total assets
€108k▼ 25.4%
2024 · €145k
2018: €93k
2019: €93k
2020: €79k
2021: €61k
2022: €270k
2023: €234k
2024: €145k
2018 → 2025
Net result
€-22k▲ 86.5%
2024 · €-166k
2018: €4k
2019: €2k
2020: €-2k
2021: €570
2022: €6k
2023: €134k
2024: €-166k
2018 → 2025
Working capital
€-61k▼ 48.3%
2024 · €-41k
2018: €11k
2019: €14k
2020: €28k
2021: €26k
2022: €15k
2023: €134k
2024: €-41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€24k▲ 30.1%€158k▲ 560%€-8k€-31k▼ 276%
Operating result€2k-€8k▲ 352%€194k▲ 2,363%€-150k€-18k▲ 88.1%
Net result€570-€6k▲ 873%€134k▲ 2,317%€-166k€-22k▲ 86.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €150k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€36k▼ 15.6%
Current assets
€72k▼ 29.4%
Key figures and ratios
EBITDA
€-3k▲
2024 · €-138k
Cash flow
€-8k▲
2024 · €-154k
Solvency
-28.3%▼
2024 · -5.6%
Current ratio
0.54▼
2024 · 0.71
Quick ratio
0.32▼
2024 · 0.35
Debt / equity
-4.54▲
2024 · -18.80
ROA
-20.7%▲
2024 · -114.5%
Interest coverage
-0.31▲
2024 · -14.80
Debt
€139k▼
2024 · €153k
Debt ≤ 1 year
€134k▼
2024 · €144k
Debt > 1 year
€5k▼
2024 · €9k
Staff costs
€55k▼
2024 · €105k
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€145k€108k▼
Fixed assets21/28€42k€36k▼
Tangible fixed assets22/27€42k€36k▼
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€16k€12k▼
Other tangible fixed assets26€20k€17k▼
Financial fixed assets28€228€228=
Current assets29/58€102k€72k▼
Stocks and contracts in progress3€52k€30k▼
Stocks30/36€52k€30k▼
Amounts receivable within one year40/41€28k€25k▼
Trade receivables40€21k€23k▲
Other amounts receivable41€7k€1k▼
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€20k€15k▼
Equity and liabilities
Total equity and liabilities10/49€145k€108k▼
Equity10/15€-8k€-31k▼
Contributions10/11€6k€6k=
Reserves13€141k€141k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Distributable reserves133€139k€139k=
Profit (loss) carried forward14€-156k€-178k▼
Amounts payable17/49€153k€139k▼
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€144k€134k▼
Current portion of amounts payable after more than one year42€13k€4k▼
Financial debts43€18k-
Credit institutions430/8€18k-
Trade debts44€51k€33k▼
Suppliers440/4€51k€33k▼
Advances received on contracts in progress46€21k-
Taxes, remuneration and social security45€39k€12k▼
Taxes450/3€31k€10k▼
Remuneration and social security454/9€8k€2k▼
Other amounts payable47/48€2k€84k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€105k€55k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€10k€2k▼
Gross operating margin9900€-24k€53k▲
Operating profit (loss)9901€-150k€-18k▲
Financial income75/76B€84€5k▲
Recurring financial income75€84€73▼
Non-recurring financial income76B-€5k
Financial charges65/66B€16k€10k▼
Recurring financial charges65€9k€10k▲
Non-recurring financial charges66B€7k-
Profit (loss) for the period before taxes9903€-166k€-22k▲
Profit (loss) for the period9904€-166k€-22k▲
Profit (loss) for the period to be appropriated9905€-166k€-22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-156k€-178k▼
Profit (loss) brought forward from the previous period14P€10k€-156k▼
The notes to these accounts (9 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
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-166k ▼224%
Net result drops to €-166k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €134k ▲2317%
Operating result €194k, net result €134k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.21
Current ratio from 1.06 to 3.21; short-term debt falls from €237k to €61k.
31-12
Financial
Equity above €150kEq €158k ▲560%
3 profitable years in a row build equity to €158k.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €570
Net result €570 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
16-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 350 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, Pont-à-Celles · 1 establishment unit since 2015
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.
Rue Saint-Antoine(PAC) 166230 Pont-à-CellesGround area
908 m²
Building footprint
65 m²
Volume, LiDAR
636 m³
2 parcels, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
So Watts
since 20152.243.878.333
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52002A0346/00Z003 | Wallonia | 580 m² | - | - |
| 52055D0120/00G013 | Wallonia | 328 m² | 1 · 65 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
5 categoriesSo Watts SRL42812
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,563 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2015
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
71111Activities of building architects
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:quentin.vanoostveldt@hotmail.com
Phone:0496/258.380