Waterbelgium
ActiveSummary
The computed 12-month bankruptcy probability of Waterbelgium is 3.1% (moderate). The 2025 annual accounts show equity of €33k and a net result of €-3k. Its solvency ranks better than 18% of 27965 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-83
Solvency41▼-10
Growth32
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 1.7 against 1.19 in 2024; short-term debt: 53.2% and cash: 14.4% of total assets), but 84.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
15.6%
Return on assets
-1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 18%
← 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 16-07-2026, 15 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
15 d early
2024
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▼ 9.3%
2024 · €37k
Total assets
€213k▲ 48.4%
2024 · €144k
Net result
€-3k
2024 · €71k
Working capital
€79k▲ 297%
2024 · €20k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€78k-€-3k
Net result€71k-€-3k
Equity€37k-€33k▼ 9.3%
Total assets€144k-€213k▲ 48.4%
Debt€107k-€180k▲ 68.2%
Working capital€20k-€79k▲ 297%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €78k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€21k ▲ 23.3%
Current assets
€193k ▲ 51.7%
Equity and liabilities €213k
Equity
€33k ▼ 9.3%
Debt
€180k ▲ 68.2%
Debt's share of the balance-sheet total rises from 74.5% to 84.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2024 · €79k
Cash flow
€-2k▼
2024 · €71k
Current ratio
1.70▲
2024 · 1.19
Debt to equity
5.41▲
2024 · 2.92
ROE
-10.2%▼
2024 · 192.7%
ROA
-1.6%▼
2024 · 49.2%
Interest coverage
-4.43▼
2024 · 192.14
Debt ≤ 1 year
€113k▲
2024 · €107k
Income taxes
€114▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €371 | €1k | ▲ 207% |
| Other operating charges640/8 | €962 | €580 | ▼ 39.7% |
| Gross operating margin9900 | €80k | €-1k | ▼ 102% |
| Operating profit (loss)9901 | €78k | €-3k | ▼ 104% |
| Financial income75/76B | €1k | €100 | ▼ 91.1% |
| Recurring financial income75 | €1k | €100 | ▼ 91.1% |
| Financial charges65/66B | €410 | €413 | ▲ 0.5% |
| Recurring financial charges65 | €410 | €413 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €79k | €-3k | ▼ 104% |
| Income taxes67/77 | €9k | €114 | ▼ 98.7% |
| Profit (loss) for the period9904 | €71k | €-3k | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | €71k | €-3k | ▼ 105% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €144k | €213k | ▲ 48.4% |
| Fixed assets21/28 | €17k | €21k | ▲ 23.3% |
| Intangible fixed assets21 | €1k | €758 | ▼ 26.8% |
| Tangible fixed assets22/27 | €877 | €6k | ▲ 615% |
| Plant, machinery and equipment23 | €877 | €698 | ▼ 20.4% |
| Furniture and vehicles24 | - | €4k | - |
| Other tangible fixed assets26 | - | €1k | - |
| Financial fixed assets28 | €15k | €14k | ▼ 8.4% |
| Current assets29/58 | €127k | €193k | ▲ 51.7% |
| Amounts receivable within one year40/41 | €92k | €162k | ▲ 76.0% |
| Trade receivables40 | €92k | €162k | ▲ 76.0% |
| Cash at bank and in hand54/58 | €26k | €31k | ▲ 20.3% |
| Deferred charges and accrued income490/1 | €9k | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €144k | €213k | ▲ 48.4% |
| Equity10/15 | €37k | €33k | ▼ 9.3% |
| Contributions10/11 | €6k | €6k | = |
| Profit (loss) carried forward14 | €31k | €27k | ▼ 11.1% |
| Amounts payable17/49 | €107k | €180k | ▲ 68.2% |
| Amounts payable within one year42/48 | €107k | €113k | ▲ 5.9% |
| Trade debts44 | €50k | €96k | ▲ 89.7% |
| Suppliers440/4 | €50k | €96k | ▲ 89.7% |
| Taxes, remuneration and social security45 | €11k | €13k | ▲ 15.7% |
| Taxes450/3 | €11k | €13k | ▲ 15.7% |
| Other amounts payable47/48 | €45k | €5k | ▼ 89.6% |
| Accrued charges and deferred income492/3 | - | €67k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €-3k | ▼ 105% |
| + Depreciation and write-downs630 | €371 | €1k | ▲ 207% |
| Operating cash flow (approximation) | €71k | €-2k | ▼ 103% |
| Investment in fixed assets (approximation) | - | €-5k | - |
| Change in cash | - | €5k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
State Gazette act
Registered office · PurposeIncorporation · Name change · Statutes amendment8 facts ▸
State Gazette act
Registered office · Purpose
Incorporation · Name change · Statutes amendment8 facts ▸
- General meeting, buitengewone algemene vergadering
- Incorporation, 22-09-2023
- Name change, Waterbelgium
- Statutes amendment, 1
- Purpose change
- Registered-office move, 1930 Zaventem, Ikaroslaan 1
- Power of attorney, Benjamin DEPUYDT
- Power of attorney, Benjamin BODDEZ
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
State Gazette actNBB filing
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2023
Ground area
9,383 m²
Building footprint
1,686 m²
Volume, LiDAR
6,302 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
178
companies at this address
See who is registered here
1 establishment unit
SUNBELGIUM
since 20232.349.843.014
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0101/00B000 | Flanders | 5,421 m² | 1 · 499 m² | - |
| 23094D0045/00X003 | Flanders | 3,962 m² | 1 · 1,186 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Y B Technologies
BE 0788.589.412
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MIL-TECH
BE 1008.090.811
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M.L. CONSTRUCT
BE 0689.959.911
Grez-Doiceau · Eq €33,344
Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,106 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
46643Wholesale of electrical equipment, including installation materials
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.