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WATCH MIDI

Active
Private limited company (pre-2019)founded 20179 yrs activeWaterloose Steenweg 511, 1050 Elsene, BelgiumKBO/BCE: BE 0673.476.245
Summary

The computed 12-month bankruptcy probability of WATCH MIDI is 12.3% (high). The 2024 annual accounts show negative equity (-€146,850) and a net result of -€23,418. Equity is shrinking by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 26034 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
WATCH MIDIActiveChecked score 29/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of household furniture
NACE 47551NACE 47591
1 site
Size
€155,072turnover 2024
Equity
-€146,850
Loss
-€23,418
Financial health
29 Weak Checked score 2024
Bankruptcy chance 12 m
12.3%
Structure
Board
1 member
Accounts 63 d overdue2 of 10 deeds read
Why 29- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 122 days late; 3 of the last 3 late- Figures for FY 2024 (filed 30-11-2025)- Liquidity: current ratio 0.52, cash €2,232, halvedShow the evidence

Checked score

Score 2024
29 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 19% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -90.5% of total assets
Liquidity 2-26
short-term debt 190.5% · cash 1.4%
Profitability 1+1
return on assets -14.4%
Bankruptcy probability, 12 months
12.3% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,898 companies)
Last 19 months 04-2025: 10.7% 05-2025: 10.6%▼ -1.1% vs 04-2025 06-2025: 10.4%▼ -1.5% vs 05-2025 07-2025: 10.4%● 0.0% vs 06-2025 08-2025: 12.3%▲ +18.7% vs 07-2025highest value 09-2025: 12.3%● 0.0% vs 08-2025highest value 10-2025: 12.3%● 0.0% vs 09-2025highest value 11-2025: 12.3%● 0.0% vs 10-2025highest value 12-2025: 5.7%▼ -54.1% vs 11-2025 01-2026: 5.7%▲ +1.1% vs 12-2025 02-2026: 5.7%● 0.0% vs 01-2026 03-2026: 5.7%▼ -0.6% vs 02-2026 04-2026: 5.8%▲ +1.4% vs 03-2026 05-2026: 5.7%▼ -1.3% vs 04-2026 06-2026: 5.2%▼ -8.5% vs 05-2026 07-2026: 5.2%▼ -1.0% vs 06-2026lowest value 08-2026: 9.2%▲ +78.4% vs 07-2026 09-2026: 10.0%▲ +8.3% vs 08-2026 10-2026: 12.3%▲ +23.0% vs 09-2026
  • 1 change of registered office in 24 months raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 122 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 30-11-2025) raises the probability
  • Liquidity: current ratio 0.52, cash €2,232, halved raises the probability
No credit on open account
Liquidity short (current ratio 0.52 against 0.26 in 2023; short-term debt: 190.5% and cash: 1.4% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 4%, profitability 13%, growth against the median 55%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 122 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 30-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.52, cash €2,232, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
192021222324
2019 to 2024 · latest year -€146,850
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
122 d late
2023
486 d late
2022
329 d late
2021
364 d late
2020
324 d late
2019
217 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 307 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointment: VIRGA Daniele (director)Resignation: TURAN Hakan (director) ·…
  2. Resignation: TURAN Enes (director)Appointment: TURAN Hakan (director) ·…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€146,850 View
  • Risk: 6 loss-making years in a rowloss fiscal year 2024 -€23,418 View
  • Caution: Among the weakest 5% on equitysector median €38,742 · 26,093 companies -€146,850 View
  • Caution: Board changedlatest change 21-09-2026 · 1 in office 1 joined · 2 left View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View

By topic

Financials

Fiscal year
2024
Turnover
€155,072
Loss
-€23,418
Solvency
-90.5%
Turnover▲ 47.5%
Net result
20192024
Go to Financials

Timeline

Events
10
Since
2018
  1. 21-09-2026Appointment: VIRGA Daniele (director)
  2. 30-07-2026Resignation: TURAN Enes (director)
  3. 30-11-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Retail sale of household furnitureNACE 47551
Founded
24-03-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

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