'T WATERSCHAEP 2000
ActiveSummary
'T WATERSCHAEP 2000 has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,970 and a net result of €268,643. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 1329 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+29
Solvency27▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.24 in 2024; short-term debt: 86.3% and cash: 41.4% of total assets), and 97.7% of the assets are financed with debt.
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Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.3%
Return on assets
29%
Age of the figures
15 mo
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
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-03-2026, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
58 d late
2024
54 d late
2023
50 d late
2022
300 d late
2021
14 d early
2020
1 d early
2019
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 64 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 March (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 company by total assets in Pajottegem, Accommodation and food service sector#8 oldest company in Pajottegem, Accommodation and food service sector
Equity
€20,970
2024 · -€247,673
Total assets
€926,336▲ 23.3%
2024 · €751,511
Net result
€268,643▲ 2,031%
2024 · €12,605
Working capital
-€366,109▲ 15.1%
2024 · -€431,239
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,822▲ 86.3%€31,098€4,288▼ 86.2%€12,666▲ 195%€268,718▲ 2,022%
Net result-€4,922within the sector's middle half▲ 86.1%€31,054above the sector's middle half€2,611within the sector's middle half▼ 91.6%€12,605within the sector's middle half▲ 383%€268,643above the sector's middle half▲ 2,031%
Equity-€293,943below the sector's middle half▼ 1.7%-€262,889below the sector's middle half▲ 10.6%-€260,278below the sector's middle half▲ 1.0%-€247,673below the sector's middle half▲ 4.8%€20,970within the sector's middle half
Total assets€730,280within the sector's middle half▼ 3.5%€753,832within the sector's middle half▲ 3.2%€733,978within the sector's middle half▼ 2.6%€751,511within the sector's middle half▲ 2.4%€926,336above the sector's middle half▲ 23.3%
Debt€1.0m▼ 2.0%€1.0m▼ 0.7%€994,255▼ 2.2%€999,184▲ 0.5%€905,365▼ 9.4%
Working capital-€548,979below the sector's middle half▲ 5.8%-€499,619below the sector's middle half▲ 9.0%-€438,058below the sector's middle half▲ 12.3%-€431,239below the sector's middle half▲ 1.6%-€366,109below the sector's middle half▲ 15.1%
Solvency-40.3%below the sector's middle half▼ 2.0pp-34.9%below the sector's middle half▲ 5.4pp-35.5%below the sector's middle half▼ 0.6pp-33.0%below the sector's middle half▲ 2.5pp2.3%within the sector's middle half▲ 35.2pp
Current ratio0.11below the sector's middle half▲ 0.030.15below the sector's middle half▲ 0.050.22within the sector's middle half▲ 0.070.24within the sector's middle half▲ 0.020.54within the sector's middle half▲ 0.30
Return on assets (ROA)-0.7%within the sector's middle half▲ 4.0pp4.1%within the sector's middle half▲ 4.8pp0.4%within the sector's middle half▼ 3.8pp1.7%within the sector's middle half▲ 1.3pp29.0%above the sector's middle half▲ 27.3pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,022% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €926,336
Fixed assets
€492,927 ▼ 19.4%
Current assets
€433,409 ▲ 210%
Equity and liabilities €926,336
Equity
€20,970
Debt
€905,365
Debt finances 97.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€341,307▲
2024 · €94,334
Cash flow
€341,231▲
2024 · €94,273
Debt to equity
43.17
Interest coverage
4740.37▲
2024 · 1546.46
Debt ≤ 1 year
€799,517▲
2024 · €570,936
Debt > 1 year
€105,848▼
2024 · €428,247
Staff costs
€18,655▼
2024 · €19,330
A ratio outside any meaningful range has been withheld (balance sheet total €926,336, equity €20,970).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 496 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.2%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 496 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,238 | €5,088 | €6,168 | €294,142 | ▲ 4,669% |
| Remuneration, social security and pensions62 | - | €13,618 | €22,605 | €19,330 | €18,655 | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,538 | €79,356 | €82,956 | €81,668 | €72,588 | ▼ 11.1% |
| Other operating charges640/8 | - | €15,443 | €13,056 | €15,041 | €15,812 | ▲ 5.1% |
| Non-recurring operating charges66A | - | €265 | €264 | €1,189 | - | - |
| Gross operating margin9900 | €85,483 | €139,779 | €123,169 | €129,895 | €375,774 | ▲ 189% |
| Operating profit (loss)9901 | -€4,822 | €31,098 | €4,288 | €12,666 | €268,718 | ▲ 2,022% |
| Financial charges65/66B | - | €44 | €1,677 | €61 | €75 | ▲ 23.2% |
| Recurring financial charges65 | €100 | €44 | €1,677 | €61 | €72 | ▲ 18.0% |
| Non-recurring financial charges66B | - | - | - | - | €3 | - |
| Profit (loss) for the period before taxes9903 | -€4,922 | €31,054 | €2,611 | €12,605 | €268,643 | ▲ 2,031% |
| Profit (loss) for the period9904 | -€4,922 | €31,054 | €2,611 | €12,605 | €268,643 | ▲ 2,031% |
| Profit (loss) for the period to be appropriated9905 | -€4,922 | €31,054 | €2,611 | €12,605 | €268,643 | ▲ 2,031% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €730,280 | €753,832 | €733,978 | €751,511 | €926,336 | ▲ 23.3% |
| Fixed assets21/28 | €665,111 | €664,884 | €607,733 | €611,814 | €492,927 | ▼ 19.4% |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €665,111 | €664,884 | €607,733 | €611,814 | €492,927 | ▼ 19.4% |
| Land and buildings22 | - | €549,564 | €501,538 | €524,185 | €416,660 | ▼ 20.5% |
| Plant, machinery and equipment23 | - | €93,932 | €79,810 | €66,456 | €56,225 | ▼ 15.4% |
| Furniture and vehicles24 | - | €21,387 | €26,385 | €21,172 | €20,042 | ▼ 5.3% |
| Current assets29/58 | €65,170 | €88,949 | €126,245 | €139,697 | €433,409 | ▲ 210% |
| Amounts receivable within one year40/41 | €7,664 | €65,356 | €73,467 | €73,526 | €37,797 | ▼ 48.6% |
| Trade receivables40 | - | €17,397 | €29,857 | €585 | €28,575 | ▲ 4,781% |
| Other amounts receivable41 | - | €47,958 | €43,610 | €72,941 | €9,222 | ▼ 87.4% |
| Cash at bank and in hand54/58 | €40,068 | €5,925 | €18,251 | €9,898 | €383,753 | ▲ 3,777% |
| Deferred charges and accrued income490/1 | - | €17,668 | €34,526 | €56,273 | €11,859 | ▼ 78.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €730,280 | €753,832 | €733,978 | €751,511 | €926,336 | ▲ 23.3% |
| Equity10/15 | -€293,943 | -€262,889 | -€260,278 | -€247,673 | €20,970 | ▲ 108% |
| Contributions10/11 | - | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Capital10 | - | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Issued capital100 | - | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Profit (loss) carried forward14 | -€413,943 | -€382,889 | -€380,278 | -€367,673 | -€99,030 | ▲ 73.1% |
| Amounts payable17/49 | €1.0m | €1.0m | €994,255 | €999,184 | €905,365 | ▼ 9.4% |
| Amounts payable after more than one year17 | €410,075 | €428,153 | €429,953 | €428,247 | €105,848 | ▼ 75.3% |
| Financial debts170/4 | - | €400,000 | €400,000 | €400,000 | €75,000 | ▼ 81.3% |
| Other amounts payable178/9 | - | €28,153 | €29,953 | €28,247 | €30,848 | ▲ 9.2% |
| Amounts payable within one year42/48 | €614,149 | €588,568 | €564,302 | €570,936 | €799,517 | ▲ 40.0% |
| Current portion of amounts payable after more than one year42 | - | €6,454 | €6,454 | €7,804 | €10,354 | ▲ 32.7% |
| Financial debts43 | - | €494,204 | €424,220 | €448,653 | €745,436 | ▲ 66.1% |
| Other loans439 | - | €494,204 | €424,220 | €448,653 | €745,436 | ▲ 66.1% |
| Trade debts44 | €7,346 | €20,872 | €20,200 | €28,415 | €20,411 | ▼ 28.2% |
| Suppliers440/4 | - | €20,872 | €20,200 | €28,415 | €20,411 | ▼ 28.2% |
| Advances received on contracts in progress46 | - | €35,028 | €76,381 | €9,047 | €9,197 | ▲ 1.7% |
| Taxes, remuneration and social security45 | - | €30,007 | €35,045 | €75,014 | €12,117 | ▼ 83.8% |
| Taxes450/3 | - | €28,569 | €34,843 | €74,813 | €2,342 | ▼ 96.9% |
| Remuneration and social security454/9 | - | €1,438 | €202 | €202 | €9,775 | ▲ 4,748% |
| Other amounts payable47/48 | - | €2,002 | €2,002 | €2,002 | €2,002 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,922 | €31,054 | €2,611 | €12,605 | €268,643 | ▲ 2,031% |
| + Depreciation and write-downs630 | €72,538 | €79,356 | €82,956 | €81,668 | €72,588 | ▼ 11.1% |
| Operating cash flow (approximation) | €67,616 | €110,410 | €85,567 | €94,273 | €341,231 | ▲ 262% |
| Investment in fixed assets (approximation) | - | -€79,129 | -€25,806 | -€85,749 | €46,298 | ▲ 154% |
| Change in cash | - | -€34,143 | €12,326 | -€8,353 | €373,854 | ▲ 4,576% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 58 days late
2025
30-06
Financial
Highest result since 2019net €268,643 ▲2,031%
Operating result €268,718, net result €268,643, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 300 days late
2022
30-06
Financial
Back to profitnet €31,054
Net result €31,054 after 3 loss-making years.
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet -€35,336
Net result drops to -€35,336, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 1 day late
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 365 days late
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Pajottegem · 2 establishment units since 2001
Ground area
3,281 m²
Building footprint
1,780 m²
Volume, LiDAR
20,235 m³
2 parcels, Flanders, Wallonia · tallest building 20.7 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
't Waterschaep 2000
since 20012.301.290.257
't Waeterschaep '2000
since 20072.193.022.520
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51063B0459/00C002 | Wallonia | 2,377 m² | 1 · 1,614 m² | 20.7 m · 4 fl. |
| 23087C0503/02P000 | Flanders | 903 m² | 1 · 166 m² | 8.4 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.
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Of 122 companies in this sector we hold annual accounts for 83. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded10-05-2001
Fiscal year end30-06
Activities, NACEBEL 2025
55202Accommodation
55203Holiday cottages, homes and apartments
62200Computer consultancy and computer facilities management
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474775111
Also
9925:BE0474775111
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.