SOETEWATER
ActiveSOETEWATER has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-29k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
22
/ 100
Critical▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency25▼-9
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.56 against 1.9 in 2024), but 98.2% 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+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€29k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 13898 sector peers (2025).
NBB · sector comparisonPosition among 13898 sector peers
Solvency
better than 23%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
27 d early
2023
30 d early
2022
32 d early
2021
27 d early
2020
26 d early
2019
31 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 59.5%
2024 · €49k
2018: €33k
2019: €34k
2020: €38k
2021: €60k
2022: €60k
2023: €63k
2024: €49k
2018 → 2025
Total assets
€1.07M▼ 2.7%
2024 · €1.10M
2018: €741k
2019: €677k
2020: €656k
2021: €1.09M
2022: €1.06M
2023: €726k
2024: €1.10M
2018 → 2025
Net result
€-29k▼ 102%
2024 · €-14k
2018: €6k
2019: €1k
2020: €4k
2021: €22k
2022: €177
2023: €3k
2024: €-14k
2018 → 2025
Working capital
€189k▼ 24.2%
2024 · €249k
2018: €-147k
2019: €-74k
2020: €-72k
2021: €266k
2022: €250k
2023: €-100k
2024: €249k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€60k▲ 0.3%€63k▲ 4.7%€49k▼ 22.7%€20k▼ 59.5%
Operating result€40k-€27k▼ 34.2%€43k▲ 62.2%€12k▼ 71.7%€16k▲ 28.9%
Net result€22k-€177▼ 99.2%€3k▲ 1,486%€-14k€-29k▼ 102%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€544k▼ 5.1%
Current assets
€524k▼ 0.1%
Equity and liabilities €1.07M
Equity
€20k▼ 59.5%
Debt
€1.05M▼ 0.1%
The debt ratio rises from 95.6% to 98.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€48k▲
2024 · €45k
Cash flow
€3k▼
2024 · €18k
Solvency
1.8%▼
2024 · 4.4%
Current ratio
1.56▼
2024 · 1.90
Quick ratio
0.02▼
2024 · 0.02
Debt / equity
53.26▲
2024 · 21.61
ROE
-146.7%▼
2024 · -29.4%
ROA
-2.7%▼
2024 · -1.3%
Interest coverage
1.07▼
2024 · 1.69
Debt
€1.05M▼
2024 · €1.05M
Debt ≤ 1 year
€335k▲
2024 · €276k
Debt > 1 year
€713k▼
2024 · €762k
Staff costs
€2k▼
2024 · €2k
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€1.10M€1.07M▼
Fixed assets21/28€573k€544k▼
Tangible fixed assets22/27€573k€544k▼
Land and buildings22€165k€156k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€4k€2k▼
Leasing and similar rights25€402k€384k▼
Current assets29/58€525k€524k▼
Stocks and contracts in progress3€518k€518k=
Stocks30/36€518k€518k=
Amounts receivable within one year40/41€757€2k▲
Trade receivables40€648€2k▲
Other amounts receivable41€109€1▼
Cash at bank and in hand54/58€5k€3k▼
Deferred charges and accrued income490/1€633€0▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.07M▼
Equity10/15€49k€20k▼
Contributions10/11€50k€50k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€-5k€-33k▼
Amounts payable17/49€1.05M€1.05M▼
Amounts payable after more than one year17€762k€713k▼
Financial debts170/4€762k€713k▼
Amounts payable within one year42/48€276k€335k▲
Current portion of amounts payable after more than one year42€49k€51k▲
Trade debts44€16k€18k▲
Suppliers440/4€16k€18k▲
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€1k€908▼
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€203k€257k▲
Accrued charges and deferred income492/3€11k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€2k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€32k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€51k€55k▲
Operating profit (loss)9901€12k€16k▲
Financial charges65/66B€26k€45k▲
Recurring financial charges65€26k€45k▲
Profit (loss) for the period before taxes9903€-14k€-29k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-14k€-29k▼
Profit (loss) for the period to be appropriated9905€-14k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-33k▼
Profit (loss) brought forward from the previous period14P€10k€-5k▼
The notes to these accounts (18 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 1.90
Current ratio from 0.55 to 1.90.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €22k ▲502%
Net result €22k, the highest in the series.
31-12
Financial
Liquidity times 9current ratio 2.53
Current ratio from 0.27 to 2.53.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Beernem · 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.
Rietstraat 318730 BeernemGround area
3,916 m²
Building footprint
197 m²
Volume, LiDAR
1,078 m³
Parcel 31003F0557/00E000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Soetewater
since 20122.209.991.877
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003F0557/00E000 | Flanders | 3,916 m² | 1 · 197 m² | 9.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,108 EUR awarded · 1,108 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 968 EUR | 968 EUR |
| 2022 | 1 | 140 EUR | 140 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeernem2.209.991.877
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SANDERS-DEMAN
BE 1020.723.476
Frasnes-lez-Anvaing · Eq €21k
Of 1,850 companies in sector 55204 we hold annual accounts for 444. 291 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-2012
Fiscal year end31-12
Activities, NACEBEL
55204Guest rooms (bed and breakfast)
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.