WAT-ELEC
ActiveWAT-ELEC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €2k. Equity is shrinking by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 12% of 982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+8
Solvency32▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 982 sector peers (2025).
NBB · sector comparisonPosition among 982 sector peers
Solvency
better than 12%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
31 d late
2023
27 d late
2022
30 d late
2021
43 d late
2020
23 d late
2019
17 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 29.7%
2024 · €2k
2018: €11k
2019: €-2k
2020: €-12k
2021: €5k
2022: €3k
2023: €-9k
2024: €2k
2018 → 2025
Working capital
€-14k▲ 15.0%
2024 · €-17k
2018: €21k
2019: €10k
2020: €2k
2021: €13k
2022: €18k
2023: €3k
2024: €-17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€14k▲ 29.8%€4k▼ 67.0%€7k▲ 49.2%€8k▲ 23.2%
Operating result€8k-€9k▲ 10.7%€3k▼ 66.5%€8k▲ 175%€6k▼ 20.2%
Net result€5k-€3k▼ 36.3%€-9k€2k€2k▼ 29.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117k
Fixed assets
€50k▼ 18.9%
Current assets
€67k▲ 10.7%
Equity and liabilities €117k
Equity
€8k▲ 23.2%
Debt
€109k▼ 5.8%
The debt ratio falls from 94.5% to 93.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▲
2024 · €19k
Cash flow
€17k▲
2024 · €13k
Solvency
7.0%▲
2024 · 5.5%
Current ratio
0.83▲
2024 · 0.79
Quick ratio
0.83▲
2024 · 0.79
Debt / equity
13.24▼
2024 · 17.31
ROE
18.8%▼
2024 · 33.0%
ROA
1.3%▼
2024 · 1.8%
Interest coverage
7.56▲
2024 · 4.97
Debt
€109k▼
2024 · €116k
Debt ≤ 1 year
€82k▲
2024 · €78k
Debt > 1 year
€28k▼
2024 · €38k
Income taxes
€2k▼
2024 · €2k
Staff costs
€49k▼
2024 · €83k
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€123k€117k▼
Fixed assets21/28€62k€50k▼
Tangible fixed assets22/27€62k€50k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€62k€47k▼
Current assets29/58€61k€67k▲
Amounts receivable within one year40/41€42k€63k▲
Trade receivables40€31k€61k▲
Other amounts receivable41€11k€2k▼
Cash at bank and in hand54/58€17k€2k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€123k€117k▼
Equity10/15€7k€8k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-1k€190▲
Amounts payable17/49€116k€109k▼
Amounts payable after more than one year17€38k€28k▼
Financial debts170/4€38k€28k▼
Amounts payable within one year42/48€78k€82k▲
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44€39k€37k▼
Suppliers440/4€39k€37k▼
Taxes, remuneration and social security45€26k€27k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€24k€23k▼
Other amounts payable47/48€2k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€83k€49k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€104k€75k▼
Operating profit (loss)9901€8k€6k▼
Financial income75/76B€14€1▼
Recurring financial income75€14€1▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€4k€4k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€2k€2k▼
Profit (loss) for the period to be appropriated9905€2k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€190▲
Profit (loss) brought forward from the previous period14P€-4k€-1k▲
The notes to these accounts (8 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-07-2024
Resigned as Managing director
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2015
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.
Avenue de Villequier 91410 WaterlooGround area
2,822 m²
Building footprint
1,028 m²
Volume, LiDAR
5,379 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WAT-ELEC
since 20152.241.897.553
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762F0043/00T003 | Wallonia | 1,433 m² | 1 · 832 m² | 6.3 m · 2 fl. |
| 25110S0378/00Y006 | Wallonia | 1,390 m² | 1 · 196 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 1,825 companies in sector 42220 we hold annual accounts for 958. 462 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2015
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.