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Complete company report
Generated 12-08-2026
Active BE 0686.563.426Public limited company

WATEA

· 8 yrs active
Sector: Activiteiten van holdings (64210)
Conclusion Checked

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 (€-962k) and a net result of €-1k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 678 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €-962k
Net result €-1k
Better than sector 5%
Active 8 yrs
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health-Profitability1Solvency33Growth32Stability100
42 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -
Profitability 1
Solvency 33
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
Model not applicable to financial institutions
The health 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.
Financial overview7 NBB filings
Annual accounts filed on 26-09-2025 with the NBB · fiscal year 2024 · volledig
€-1.50M€-1.00M€-500k€0Operating result 2020: €22k€22kNet result 2020: €9k€9kOperating result 2021: €11k€11kNet result 2021: €-6k€-6kOperating result 2022: €6k€6kNet result 2022: €-6k€-6kOperating result 2023: €38k€38kNet result 2023: €-1.11M€-1.11MOperating result 2024: €-1k€-1kNet result 2024: €-1k€-1k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~3.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-1.00M€-500k€02025: €119k (€42k - €196k)2026: €113k (€36k - €190k)2027: €107k (€30k - €184k)2018: €152k2019: €155k2020: €159k2021: €153k2022: €148k2023: €-961k2024: €-962k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 64, Financial services · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -23301.2% 44.9%
better than 5% of 678 sector peers
Net result €-1k €48k
better than 29% of 677 sector peers
Equity €-962k €1.36M
better than 5% of 678 sector peers
Gross operating margin €-1k €42k
better than 21% of 370 sector peers
Total assets €4k €5.58M
better than 5% of 678 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€-1k
+99.9% 18-24
Total assets
€4k
0.0% 18-24
Equity
€-962k
-0.1% 18-24
Employees (FTE)
0
-25.0% 18-24
Staff costs
€0
-100.0% 18-24
Income taxes
€276
- 18-24
Dividends
€0
- 18-24
Debt
€966k
+0.1% 18-24
Debt ≤ 1y
€966k
+0.1% 18-24
Debt > 1y
€0
- 18-24
Solvency
-23301.2%
-0.1% 18-24
ROE
0.1%
-99.9% 18-24
ROA
-29.9%
+99.9% 18-24
Figures by fiscal year
Fiscal year2024
Depositvolledig
Revenuen/a
EBITDAn/a
Net profit€-1k
Cash flown/a
Staff costs-
Income taxes-
Dividends-
Total assets€4k
Equity€-962k
Debt€966k
of which ≤ 1y€966k
of which > 1y-
Working capitaln/a
Employees (FTE)-
Ratios (computed)
2024
Current ration/a
Quick ration/a
Working capital ration/a
Solvency-23301.2%
Debt / equityn/a
Long-term debt ration/a
Interest coveragen/a
Gross marginn/a
Net marginn/a
ROA-29.9%
ROE0.1%
EBITDA marginn/a
Days sales outstandingn/a
Days payable outstandingn/a
Inventory turnovern/a
Days inventory (DSI)n/a
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€4k
Current assets 29/58€4k
Amounts receivable within one year 40/41€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4k
Equity 10/15€-962k
Contributions / capital 10/11€150k
Reserves 13€466
Accumulated profits (losses) 14€-1.11M
Amounts payable 17/49€966k
Amounts payable within one year 42/48€966k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€-1k
Operating result 9901€-1k
Result before taxes 9903€-1k
Net result for the period 9904€-1k
Result to be appropriated 9905€-1k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • Cédric DEGAVRE
    Director
    State Gazette act 22154118 (30-12-2022)
    Current
    21-11-2022 → present
  • Martin STAELENS
    Director
    State Gazette act 22154118 (30-12-2022)
    Current
    21-11-2022 → present
Former directors (2)
  • David LOTH
    Director
    State Gazette act 22154118 (30-12-2022)
    Former
    - → 21-11-2022
  • Francis LOTH
    Director
    State Gazette act 22154118 (30-12-2022)
    Former
    - → 21-11-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Activiteiten van holdings(64210)
Legal form Public limited company(014)
Incorporation18-12-2017
StatusActive
Postal code-
Establishment units 1 location
WATEA
Holdings
since 20182.272.192.930
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
26-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
18-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
23-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
30-12-2022
State Gazette act Director changes
30-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
16-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
28-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
12-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
30-12-2022 4 directors appointed, 2 resigning Director changes
  • Martin STAELENS, Bestuurder
  • Cédric DEGAVRE, Bestuurder
  • Martin STAELENS, Gedelegeerd bestuurder
  • Cédric DEGAVRE, Gedelegeerd bestuurder
  • David LOTH, Bestuurder
  • Francis LOTH, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Holdings64200Activiteiten van holdings64210
Primary activity highlighted.
Names & trade names
Legal nameFR WATEA
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative