The Water Loo
ActiveThe computed 12-month bankruptcy probability of The Water Loo is 2.9% (moderate). The 2024 annual accounts show equity of €18k and a net result of €-7k. Equity is shrinking by ~27.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 50% of 2024 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability34▼-16
Solvency56▲+5
Growth32=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.82 against 1.05 in 2023; short-term debt: 32% and cash: 4.4% of total assets), and 69% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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 2024Solvency, return and age of the figures
Solvency
31%
Return on assets
-12.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
184 d late
2022
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€18k▼ 29.3%
2023 · €25k
2022: €31k
2023: €25k
2022 → 2024
Total assets
€57k▼ 39.8%
2023 · €95k
2022: €99k
2023: €95k
2022 → 2024
Net result
€-7k▼ 18.1%
2023 · €-6k
2022: €21k
2023: €-6k
2022 → 2024
Working capital
€-3k
2023 · €2k
2022: €13k
2023: €2k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€31k-€25k▼ 19.9%€18k▼ 29.3%
Operating result€25k-€-5k€-7k▼ 48.0%
Net result€21k-€-6k€-7k▼ 18.1%
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 €7k in 2024 against €5k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57k
Fixed assets
€42k▼ 25.1%
Current assets
€15k▼ 61.3%
Equity and liabilities €57k
Equity
€18k▼ 29.3%
Debt
€39k▼ 43.6%
The debt ratio falls from 73.6% to 69.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2023 · €10k
Cash flow
€7k▼
2023 · €8k
Solvency
31.0%▲
2023 · 26.4%
Current ratio
0.82▼
2023 · 1.05
Quick ratio
0.82▼
2023 · 1.05
Debt / equity
2.23▼
2023 · 2.79
ROE
-41.5%▼
2023 · -24.8%
ROA
-12.9%▼
2023 · -6.6%
Interest coverage
3.82▼
2023 · 4.75
Debt
€39k▼
2023 · €70k
Debt ≤ 1 year
€18k▼
2023 · €37k
Debt > 1 year
€21k▼
2023 · €33k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€95k€57k▼
Fixed assets21/28€56k€42k▼
Tangible fixed assets22/27€50k€36k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€48k€35k▼
Financial fixed assets28€7k€7k=
Current assets29/58€39k€15k▼
Amounts receivable within one year40/41€33k€12k▼
Trade receivables40€31k€9k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€6k€2k▼
Deferred charges and accrued income490/1-€85
Equity and liabilities
Total equity and liabilities10/49€95k€57k▼
Equity10/15€25k€18k▼
Contributions10/11€10k€10k=
Reserves13€21k€8k▼
Distributable reserves133€21k€8k▼
Profit (loss) carried forward14€-6k-
Amounts payable17/49€70k€39k▼
Amounts payable after more than one year17€33k€21k▼
Financial debts170/4€33k€21k▼
Amounts payable within one year42/48€37k€18k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€18k€6k▼
Suppliers440/4€18k€6k▼
Taxes, remuneration and social security45€7k-
Taxes450/3€7k-
Other amounts payable47/48-€175
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€146€2k▲
Gross operating margin9900€10k€9k▼
Operating profit (loss)9901€-5k€-7k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-7k€-7k▼
Income taxes67/77€-328-
Profit (loss) for the period9904€-6k€-7k▼
Profit (loss) for the period to be appropriated9905€-6k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-14k▼
Profit (loss) brought forward from the previous period14P-€-6k
Transfer from equity791/2-€14k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 184 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zoersel · 1 establishment unit since 2022
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.
Voetbalstraat 12980 ZoerselGround area
765 m²
Building footprint
206 m²
Volume, LiDAR
666 m³
Parcel 11055A0448/00Y010, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
The Water Loo
since 20222.335.187.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055A0448/00Y010 | Flanders | 765 m² | 1 · 206 m² | 7.5 m · 1 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.
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LED IN BE
BE 0838.540.947
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Of 1,188 companies in sector 77399 we hold annual accounts for 710. 278 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2022
Fiscal year end31-12
Activities, NACEBEL
77399Renting and leasing of other machinery, equipment and tangible goods
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.