WATCH-ON-LINE
Open bankruptcyA bankruptcy procedure is open for WATCH-ON-LINE according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €29k and a net result of €-54k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 16-07-2022, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
15 d early
2020
92 d late
2018
125 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€29k▼ 65.2%
2020 · €84k
2018: €91k
2020: €84k
2018 → 2021
Total assets
€37k▼ 59.0%
2020 · €91k
2018: €96k
2020: €91k
2018 → 2021
Net result
€-54k▼ 1,436%
2020 · €-4k
2018: €-4k
2020: €-4k
2018 → 2021
Working capital
€-6k
2020 · €45k
2018: €47k
2020: €45k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820202021Trend
Equity€91k-€84k▼ 8.1%€29k▼ 65.2%
Operating result€-8k-€-4k▲ 56.8%€-54k▼ 1,391%
Net result€-4k-€-4k▲ 14.5%€-54k▼ 1,436%
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 €54k in 2021 against €4k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €37k
Fixed assets
€35k▼ 7.3%
Current assets
€2k▼ 96.4%
Equity and liabilities €37k
Equity
€29k▼ 65.2%
Debt
€8k▲ 13.1%
The debt ratio rises from 7.9% to 21.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-52k▼
2020 · €-871
Cash flow
€-52k▼
2020 · €-764
Solvency
78.2%▼
2020 · 92.1%
Current ratio
0.23▼
2020 · 7.33
Quick ratio
0.14▼
2020 · 0.16
Debt / equity
0.28
ROE
-187.3%▼
2020 · -4.2%
ROA
-146.4%▼
2020 · -3.9%
Debt
€8k▲
2020 · €7k
Debt ≤ 1 year
€8k▲
2020 · €7k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€91k€37k▼
Fixed assets21/28€38k€35k▼
Tangible fixed assets22/27€38k€35k▼
Land and buildings22-€35k
Financial fixed assets28€65€65=
Current assets29/58€53k€2k▼
Stocks and contracts in progress3€52k€750▼
Stocks30/36-€750
Amounts receivable within one year40/41€1k-
Cash at bank and in hand54/58-€1k
Equity and liabilities
Total equity and liabilities10/49€91k€37k▼
Equity10/15€84k€29k▼
Contributions10/11-€6k
Reserves13€67k€23k▼
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€21k
Profit (loss) carried forward14€10k-
Amounts payable17/49€7k€8k▲
Amounts payable within one year42/48€7k€8k▲
Trade debts44€7k€8k▲
Suppliers440/4-€8k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€51k
Gross operating margin9900€-871€-944▼
Operating profit (loss)9901€-4k€-54k▼
Recurring financial income75€107-
Profit (loss) for the period before taxes9903€-4k€-54k▼
Profit (loss) for the period9904€-4k€-54k▼
Profit (loss) for the period to be appropriated9905€-4k€-54k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-44k
Profit (loss) brought forward from the previous period14P-€10k
Transfer from equity791/2-€44k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
06-11
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · WATCH-ON-LINE BV UILEKOT- (LUB) 1, 3210 LUBBEEK · event 26-10-2023
2022
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 125 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 211 days late
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 60 days late
2012
28-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 150 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 31 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 180 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lubbeek · 1 establishment unit since 1998
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.
Uilekot(LUB) 13210 LubbeekGround area
3,741 m²
Building footprint
297 m²
Volume, LiDAR
940 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Watch-On-Line
since 19982.089.449.878
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066E0110/00F000 | Flanders | 3,641 m² | 1 · 176 m² | 6.8 m |
| 24090D0064/00X000 | Flanders | 100 m² | 1 · 122 m² | 7.4 m · 2 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ELS VAN ERUM ENGELANDSTRAAT 61, 3290 DIEST- |
26-10-2023 → present |
| Curator | ANOUK DE VLEESHOUWER ENGELAND-
STRAAT 61, 3290 DIEST |
26-10-2023 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-11-1998
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.