WATEA
ActiveSummary
WATEA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€961,830) and a net result of -€1,235. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 2817 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2817 sector peers (2024).
NBB · sector comparisonPosition among 2817 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
79 d late
2022
23 d late
2021
61 d late
2020
16 d late
2019
89 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 54 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
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Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€961,830▼ 0.1%
2023 · -€960,595
Net result
-€1,235▲ 99.9%
2023 · -€1.1m
Total assets
€4,128=
2023 · €4,128
Solvency
-23301.2%▼ 29.9pp
2023 · -23271.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,370▲ 3.8%€11,367▼ 49.2%€5,930▼ 47.8%€37,903▲ 539%-€1,235
Net result€4,202▲ 48.1%-€5,972below the sector's middle half-€5,611below the sector's middle half▲ 6.0%-€1.1mbelow the sector's middle half▼ 19,655%-€1,235below the sector's middle half▲ 99.9%
Equity€159,347▲ 2.7%€153,376below the sector's middle half▼ 3.7%€147,765below the sector's middle half▼ 3.7%-€960,595below the sector's middle half-€961,830below the sector's middle half▼ 0.1%
Total assets€1.2m▼ 0.3%€1.2mbelow the sector's middle half▼ 0.1%€1.1mbelow the sector's middle half▼ 1.4%€4,128below the sector's middle half▼ 99.6%€4,128below the sector's middle half=
Debt€1.0m▼ 0.6%€1.0m▲ 0.1%€992,906▼ 1.0%€964,722▼ 2.8%€965,958▲ 0.1%
Working capital-€439,561▼ 22.2%-€445,640within the sector's middle half▼ 1.4%-€991,321below the sector's middle half▼ 122%-€960,595below the sector's middle half▲ 3.1%-€961,830below the sector's middle half▼ 0.1%
Solvency13.8%▲ 0.4pp13.3%below the sector's middle half▼ 0.5pp13.0%below the sector's middle half▼ 0.3pp-23271.2%below the sector's middle half▼ 23284.2pp-23301.2%below the sector's middle half▼ 29.9pp
Current ratio0.03▼ 0.010.03below the sector's middle half▲ 0.010.00below the sector's middle half▼ 0.03
Return on assets (ROA)0.4%▲ 0.1pp-0.5%below the sector's middle half▼ 0.9pp-0.5%below the sector's middle half=
Staff (FTE)0.4=0.4below the sector's middle half=0.3below the sector's middle half▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,235 after €37,903 in 2023, the lowest result in the available series.
Key figures and ratios
Debt ≤ 1 year
€965,958▲
2023 · €964,722
Ratios withheld: a balance sheet total of €4,128 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €47 | €5,172 | €63,982 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €17,991 | €1,235 | ▼ 93.1% |
| Remuneration, social security and pensions62 | - | €17,810 | €15,057 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,949 | €1,949 | €1,949 | €0 | - | - |
| Other operating charges640/8 | - | €183 | €0 | €128 | - | - |
| Non-recurring operating charges66A | - | - | €0 | €7,961 | - | - |
| Gross operating margin9900 | €42,590 | €31,308 | €22,936 | €45,991 | -€1,235 | ▼ 103% |
| Operating profit (loss)9901 | €22,370 | €11,367 | €5,930 | €37,903 | -€1,235 | ▼ 103% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | €0 | - | - | €1 | - | - |
| Financial charges65/66B | - | €17,280 | €11,541 | €1.1m | - | - |
| Recurring financial charges65 | €17,807 | €17,057 | €11,541 | €6,901 | - | - |
| Non-recurring financial charges66B | - | €224 | - | €1.1m | - | - |
| Profit (loss) for the period before taxes9903 | €5,335 | -€5,914 | -€5,611 | -€1.1m | -€1,235 | ▲ 99.9% |
| Income taxes67/77 | €1,134 | €58 | -€1 | €276 | - | - |
| Profit (loss) for the period9904 | €4,202 | -€5,972 | -€5,611 | -€1.1m | -€1,235 | ▲ 99.9% |
| Profit (loss) for the period to be appropriated9905 | €4,202 | -€5,972 | -€5,611 | -€1.1m | -€1,235 | ▲ 99.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.1m | €4,128 | €4,128 | = |
| Formation expenses20 | €5,846 | €1,949 | €0 | - | - | - |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €0 | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €0 | - | - |
| Current assets29/58 | €12,856 | €15,635 | €1,585 | €4,128 | €4,128 | = |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €1,452 | €4,128 | €4,128 | = |
| Trade receivables40 | - | - | €1,452 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €4,128 | €4,128 | = |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €12,819 | €14,418 | €133 | €0 | - | - |
| Deferred charges and accrued income490/1 | - | €1,218 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.1m | €4,128 | €4,128 | = |
| Equity10/15 | €159,347 | €153,376 | €147,765 | -€960,595 | -€961,830 | ▼ 0.1% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €466 | €466 | €466 | €466 | €466 | = |
| Non-distributable reserves130/1 | - | €466 | €466 | €466 | €466 | = |
| Legal reserve130 | - | €466 | €466 | €466 | €466 | = |
| Profit (loss) carried forward14 | €8,881 | €2,909 | -€2,702 | -€1.1m | -€1.1m | ▼ 0.1% |
| Amounts payable17/49 | €1.0m | €1.0m | €992,906 | €964,722 | €965,958 | ▲ 0.1% |
| Amounts payable after more than one year17 | €625,097 | €536,848 | €0 | €0 | - | - |
| Financial debts170/4 | - | €536,848 | €0 | €0 | - | - |
| Amounts payable within one year42/48 | €452,418 | €461,275 | €992,906 | €964,722 | €965,958 | ▲ 0.1% |
| Current portion of amounts payable after more than one year42 | - | - | €536,848 | €0 | - | - |
| Trade debts44 | €10,032 | €17,753 | €18,694 | €271 | €1,241 | ▲ 358% |
| Suppliers440/4 | - | €17,753 | €18,694 | €271 | €1,241 | ▲ 358% |
| Taxes, remuneration and social security45 | - | €16,480 | €2,638 | - | - | - |
| Taxes450/3 | - | €7,094 | €2,638 | - | - | - |
| Remuneration and social security454/9 | - | €9,386 | €0 | - | - | - |
| Other amounts payable47/48 | - | €427,042 | €434,726 | €964,452 | €964,717 | = |
| Accrued charges and deferred income492/3 | - | €5,172 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,202 | -€5,972 | -€5,611 | -€1.1m | -€1,235 | ▲ 99.9% |
| + Depreciation and write-downs630 | €1,949 | €1,949 | €1,949 | €0 | - | - |
| Operating cash flow (approximation) | €6,150 | -€4,023 | -€3,662 | -€1.1m | -€1,235 | ▲ 99.9% |
| Investment in fixed assets (approximation) | - | -€1,949 | -€1,949 | €1.1m | - | - |
| Change in cash | - | €1,599 | -€14,285 | -€133 | - | - |
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
2026
07-04
KBO administration
Address struck
event 31-01-2026
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 79 days late
2023
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
31-12
Financial
Highest result since 2018net €4,202 ▲48.1%
Net result €4,202, the highest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Sambreville · 1 establishment unit since 2018
Ground area
4.2 ha
Building footprint
1.5 ha
Volume, LiDAR
91,160 m³
Parcel 92007A0522/00N000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WATEA
since 20182.272.192.930
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92007A0522/00N000 | Wallonia | 4.2 ha | 1 · 1.5 ha | 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.
Structure & network
Part of the group
ITM ALIMENTAIRE BELGIUM
36 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- ITM ALIMENTAIRE BELGIUM
- WATEA
Highest known parent: ITM ALIMENTAIRE BELGIUM. The sources do not say who stands above it.
Owners 1
-
99.99%
Holdings 1
-
99.97%
According to the 2022 annual accounts of WATEA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,215 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0686563426
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.