WACHTERS
ActiveSummary
WACHTERS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,846 and a net result of €171. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 4564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▼-28
Solvency52▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.94 in 2024; short-term debt: 59.3% and cash: 0.6% of total assets), and 73% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
27%
Return on assets
0%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
47 d late
2024
22 d early
2023
34 d early
2022
11 d early
2021
17 d early
2020
1 d early
2019
7 d early
← 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 6 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€100,846▲ 0.2%
2024 · €100,675
Total assets
€372,997▲ 7.2%
2024 · €347,965
Net result
€171▼ 98.8%
2024 · €14,692
Working capital
-€37,516▼ 234%
2024 · -€11,226
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
Line20212022202320242025
Operating result€30,887€15,005▼ 51.4%€26,488▲ 76.5%€35,892▲ 35.5%€13,715▼ 61.8%
Net result€17,675€6,852▼ 61.2%€12,021▲ 75.4%€14,692▲ 22.2%€171▼ 98.8%
Equity€67,109▲ 35.8%€73,961▲ 10.2%€85,983▲ 16.3%€100,675▲ 17.1%€100,846▲ 0.2%
Total assets€285,033▼ 6.7%€311,801▲ 9.4%€253,768▼ 18.6%€347,965▲ 37.1%€372,997▲ 7.2%
Debt€217,924▼ 14.9%€237,840▲ 9.1%€167,786▼ 29.5%€247,291▲ 47.4%€272,151▲ 10.1%
Working capital€28,908▲ 219%€126▼ 99.6%€9,041▲ 7,084%-€11,226-€37,516▼ 234%
Staff (FTE)2.12.2▲ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €372,997
Fixed assets
€189,502 ▲ 2.9%
Current assets
€183,495 ▲ 12.0%
Equity and liabilities €372,997
Equity
€100,846 ▲ 0.2%
Debt
€272,151 ▲ 10.1%
Debt's share of the balance-sheet total rises from 71.1% to 73.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,715▼
2024 · €87,682
Cash flow
€171▼
2024 · €66,482
Current ratio
0.83▼
2024 · 0.94
Quick ratio
0.71▼
2024 · 0.92
Debt to equity
2.70▲
2024 · 2.46
ROE
0.2%▼
2024 · 14.6%
ROA
0.0%▼
2024 · 4.2%
Interest coverage
1.49▼
2024 · 4.20
Debt ≤ 1 year
€221,011▲
2024 · €175,090
Debt > 1 year
€51,140▼
2024 · €72,201
Income taxes
€4,331▲
2024 · €3,730
Staff costs
€181,190▲
2024 · €128,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,500 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 | €11,903 | - | €35,477 | €51,170 | €2,400 | ▼ 95.3% |
| Remuneration, social security and pensions62 | €48 | €2 | - | €128,860 | €181,190 | ▲ 40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,694 | €48,984 | €70,714 | €51,790 | €0 | ▼ 100% |
| Other operating charges640/8 | €7,037 | €1,258 | €1,952 | €3,922 | €18,302 | ▲ 367% |
| Gross operating margin9900 | €97,667 | €65,249 | €99,154 | €220,464 | €213,206 | ▼ 3.3% |
| Operating profit (loss)9901 | €30,887 | €15,005 | €26,488 | €35,892 | €13,715 | ▼ 61.8% |
| Financial income75/76B | €22 | €461 | €131 | €3,416 | €0 | ▼ 100.0% |
| Recurring financial income75 | €22 | €461 | €131 | €3,416 | €0 | ▼ 100.0% |
| Financial charges65/66B | €5,276 | €5,343 | €8,583 | €20,886 | €9,213 | ▼ 55.9% |
| Recurring financial charges65 | €5,276 | €5,343 | €8,583 | €20,886 | €9,213 | ▼ 55.9% |
| Profit (loss) for the period before taxes9903 | €25,632 | €10,123 | €18,035 | €18,422 | €4,502 | ▼ 75.6% |
| Income taxes67/77 | €7,957 | €3,271 | €6,014 | €3,730 | €4,331 | ▲ 16.1% |
| Profit (loss) for the period9904 | €17,675 | €6,852 | €12,021 | €14,692 | €171 | ▼ 98.8% |
| Profit (loss) for the period to be appropriated9905 | €17,675 | €6,852 | €12,021 | €14,692 | €171 | ▼ 98.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €285,033 | €311,801 | €253,768 | €347,965 | €372,997 | ▲ 7.2% |
| Fixed assets21/28 | €140,204 | €151,054 | €100,879 | €184,102 | €189,502 | ▲ 2.9% |
| Tangible fixed assets22/27 | €139,149 | €149,999 | €99,824 | €183,047 | €188,447 | ▲ 3.0% |
| Plant, machinery and equipment23 | €81,162 | €76,122 | €38,957 | €26,258 | €31,658 | ▲ 20.6% |
| Furniture and vehicles24 | €48,227 | €67,546 | €59,678 | €75,820 | €75,820 | = |
| Leasing and similar rights25 | €9,760 | €6,331 | €1,188 | €80,969 | €80,969 | = |
| Financial fixed assets28 | €1,055 | €1,055 | €1,055 | €1,055 | €1,055 | = |
| Current assets29/58 | €144,829 | €160,747 | €152,890 | €163,863 | €183,495 | ▲ 12.0% |
| Stocks and contracts in progress3 | €21,803 | €29,303 | €24,664 | €3,402 | €26,833 | ▲ 689% |
| Stocks30/36 | - | €7,500 | €6,804 | €3,402 | €16,433 | ▲ 383% |
| Contracts in progress37 | €21,803 | €21,803 | €17,860 | €0 | €10,400 | - |
| Amounts receivable within one year40/41 | €103,027 | €111,638 | €112,251 | €133,350 | €154,294 | ▲ 15.7% |
| Trade receivables40 | €83,256 | €94,841 | €46,994 | €115,744 | €137,009 | ▲ 18.4% |
| Other amounts receivable41 | €19,771 | €16,797 | €65,256 | €17,606 | €17,285 | ▼ 1.8% |
| Cash at bank and in hand54/58 | €18,003 | €19,806 | €15,975 | €27,112 | €2,368 | ▼ 91.3% |
| Deferred charges and accrued income490/1 | €1,996 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €285,033 | €311,801 | €253,768 | €347,965 | €372,997 | ▲ 7.2% |
| Equity10/15 | €67,109 | €73,961 | €85,983 | €100,675 | €100,846 | ▲ 0.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €54,709 | €61,561 | €73,583 | €88,275 | €88,446 | ▲ 0.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €52,849 | €59,701 | €73,583 | €88,275 | €88,446 | ▲ 0.2% |
| Amounts payable17/49 | €217,924 | €237,840 | €167,786 | €247,291 | €272,151 | ▲ 10.1% |
| Amounts payable after more than one year17 | €102,003 | €77,219 | €23,937 | €72,201 | €51,140 | ▼ 29.2% |
| Financial debts170/4 | €102,003 | €77,219 | €23,937 | €72,201 | €51,140 | ▼ 29.2% |
| Amounts payable within one year42/48 | €115,921 | €160,621 | €143,849 | €175,090 | €221,011 | ▲ 26.2% |
| Current portion of amounts payable after more than one year42 | €42,863 | €60,540 | €43,936 | €26,450 | €19,861 | ▼ 24.9% |
| Trade debts44 | €65,156 | €92,239 | €69,905 | €89,688 | €122,419 | ▲ 36.5% |
| Suppliers440/4 | €65,156 | €92,239 | €69,905 | €89,688 | €122,419 | ▲ 36.5% |
| Advances received on contracts in progress46 | €3,383 | - | - | €20,000 | €5,565 | ▼ 72.2% |
| Taxes, remuneration and social security45 | €4,520 | €7,791 | €12,823 | €11,075 | €32,533 | ▲ 194% |
| Taxes450/3 | €4,520 | €7,791 | €12,823 | €6,312 | €4,385 | ▼ 30.5% |
| Remuneration and social security454/9 | - | - | - | €4,763 | €28,148 | ▲ 491% |
| Other amounts payable47/48 | - | €51 | €17,184 | €27,877 | €40,632 | ▲ 45.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,675 | €6,852 | €12,021 | €14,692 | €171 | ▼ 98.8% |
| + Depreciation and write-downs630 | €59,694 | €48,984 | €70,714 | €51,790 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €77,369 | €55,836 | €82,736 | €66,482 | €171 | ▼ 99.7% |
| Investment in fixed assets (approximation) | - | -€59,834 | -€20,539 | -€135,013 | -€5,400 | ▲ 96.0% |
| Change in cash | - | €1,802 | -€3,831 | €11,137 | -€24,744 | ▼ 322% |
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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €100,675 ▲17.1%
4 profitable years in a row build equity to €100,675.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17,675
Net result €17,675 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€12,446
Net result drops to -€12,446, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Haacht · 1 establishment unit since 2007
Ground area
2,505 m²
Building footprint
614 m²
Volume, LiDAR
3,733 m³
Parcel 24122B0149/00C000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20072.165.607.251
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24122B0149/00C000 | Flanders | 2,505 m² | 1 · 614 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 21,225 companies in sector 81300 we hold annual accounts for 4,366. 3,623 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
Founded12-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81300Landscape service activities
01130Growing of vegetables, melons, roots and tubers
43120Site preparation
95319Other maintenance and repair of motor vehicles
46319Wholesale of fruit and vegetables, excluding potatoes
46610Wholesale trade
47210Retail sale of fruit and vegetables
49410Freight transport by road
52100Warehousing and storage
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892015463
Also
9925:BE0892015463
Registered
13-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.