SoWatt
ActiveThe computed 12-month bankruptcy probability of SoWatt is 1.9% (moderate). The 2025 annual accounts show equity of €32k and a net result of €-14k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 18207 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 22.15 against 9.65 in 2024; short-term debt: 4.3% and cash: 24.7% of total assets), and 4.3% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 47
Relative position
BE, all sectors
reference
Sector 47
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
95.7%
Return on assets
-43.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-14k
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 19-03-2026, 134 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
134 d early
2024
6 d early
2023
12 d early
2022
5 d early
2021
61 d late
2020
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€32k▼ 31.1%
2024 · €47k
2020: €10k
2021: €13k
2022: €40k
2023: €52k
2024: €47k
2020 → 2025
Total assets
€33k▼ 34.6%
2024 · €51k
2020: €92k
2021: €81k
2022: €180k
2023: €186k
2024: €51k
2020 → 2025
Net result
€-14k▼ 154%
2024 · €-6k
2020: €5k
2021: €3k
2022: €28k
2023: €12k
2024: €-6k
2020 → 2025
Working capital
€30k▼ 25.5%
2024 · €40k
2020: €-10k
2021: €-2k
2022: €25k
2023: €42k
2024: €40k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€40k▲ 220%€52k▲ 30.4%€47k▼ 10.9%€32k▼ 31.1%
Operating result€4k-€36k▲ 851%€16k▼ 55.3%€-6k€-15k▼ 178%
Net result€3k-€28k▲ 977%€12k▼ 55.8%€-6k€-14k▼ 154%
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 €15k in 2025 against €6k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€2k▼ 68.4%
Current assets
€32k▼ 30.0%
Equity and liabilities €33k
Equity
€32k▼ 31.1%
Debt
€1k▼ 69.5%
The debt ratio falls from 9.1% to 4.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▼
2024 · €-1k
Cash flow
€-10k▼
2024 · €-1k
Solvency
95.7%▲
2024 · 90.9%
Current ratio
22.15▲
2024 · 9.65
Quick ratio
22.15▲
2024 · 9.65
Debt / equity
0.04▼
2024 · 0.10
ROE
-45.2%▼
2024 · -12.3%
ROA
-43.3%▼
2024 · -11.1%
Interest coverage
-38.07▼
2024 · -5.16
Debt
€1k▼
2024 · €5k
Debt ≤ 1 year
€1k▼
2024 · €5k
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€51k€33k▼
Fixed assets21/28€6k€2k▼
Tangible fixed assets22/27€6k€2k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€0▼
Current assets29/58€45k€32k▼
Amounts receivable within one year40/41€31k€23k▼
Trade receivables40€11k€2k▼
Other amounts receivable41€21k€21k▲
Cash at bank and in hand54/58€13k€8k▼
Deferred charges and accrued income490/1€141€0▼
Equity and liabilities
Total equity and liabilities10/49€51k€33k▼
Equity10/15€47k€32k▼
Contributions10/11€5k€5k=
Reserves13€42k€27k▼
Distributable reserves133€42k€27k▼
Amounts payable17/49€5k€1k▼
Amounts payable within one year42/48€5k€1k▼
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€4k€0▼
Taxes450/3€4k€0▼
Other amounts payable47/48€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€351€261▼
Gross operating margin9900€-684€-11k▼
Operating profit (loss)9901€-6k€-15k▼
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€200€292▲
Recurring financial charges65€200€292▲
Profit (loss) for the period before taxes9903€-6k€-14k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-6k€-14k▼
Profit (loss) for the period to be appropriated9905€-6k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-14k▼
Transfer from equity791/2€6k€14k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (14 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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 22.15
Current ratio from 9.65 to 22.15; short-term debt falls from €5k to €1k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 7current ratio 9.65
Current ratio from 1.31 to 9.65; short-term debt falls from €133k to €5k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €28k ▲977%
Operating result €36k, net result €28k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Heist-op-den-Berg · 1 establishment unit since 2019
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.
Oude Godstraat 262220 Heist-op-den-BergGround area
435 m²
Building footprint
239 m²
Volume, LiDAR
1,938 m³
Parcel 12014K0575/00X002, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SoWatt
since 20192.294.372.870
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0575/00X002 | Flanders | 435 m² | 1 · 239 m² | 11.8 m · 3 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 · 1 entry · 54 EUR awarded · 54 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 54 EUR | 54 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,959 companies in sector 47120 we hold annual accounts for 2,190. 1,467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-09-2019
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47910Retail trade
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
46720Wholesale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@sowatt.be