WATELET
ActiveWATELET has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €15k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 40% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-10
Solvency63▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.35 in 2024; short-term debt: 50.9% and cash: 14.8% of total assets), and 62% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38%
Return on assets
6.7%
Age of the figures
9 mo
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 €83k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
30 d late
2022
28 d early
2021
5 d early
2020
20 d late
2019
87 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▲ 21.5%
2024 · €68k
2018: €63k
2019: €71k
2020: €65k
2021: €58k
2022: €12k
2023: €38k
2024: €68k
2018 → 2025
Total assets
€218k▲ 7.2%
2024 · €204k
2018: €240k
2019: €168k
2020: €196k
2021: €224k
2022: €201k
2023: €192k
2024: €204k
2018 → 2025
Net result
€15k▼ 52.0%
2024 · €31k
2018: €-5k
2019: €8k
2020: €-6k
2021: €-7k
2022: €-45k
2023: €26k
2024: €31k
2018 → 2025
Working capital
€40k▲ 9.6%
2024 · €36k
2018: €53k
2019: €63k
2020: €39k
2021: €21k
2022: €-21k
2023: €10k
2024: €36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€12k▼ 78.7%€38k▲ 208%€68k▲ 80.8%€83k▲ 21.5%
Operating result€-5k-€-42k▼ 708%€27k€37k▲ 37.4%€23k▼ 37.3%
Net result€-7k-€-45k▼ 508%€26k€31k▲ 19.5%€15k▼ 52.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €218k
Fixed assets
€68k▲ 3.1%
Current assets
€151k▲ 9.1%
Equity and liabilities €218k
Equity
€83k▲ 21.5%
Debt
€135k=
The debt ratio falls from 66.5% to 62.0%. Equity is higher.
Key figures and ratios
EBITDA
€36k▼
2024 · €51k
Cash flow
€27k▼
2024 · €44k
Solvency
38.0%▲
2024 · 33.5%
Current ratio
1.36▲
2024 · 1.35
Quick ratio
1.17▲
2024 · 1.11
Debt / equity
1.63▼
2024 · 1.98
ROE
17.7%▼
2024 · 44.7%
ROA
6.7%▼
2024 · 15.0%
Interest coverage
20.12▼
2024 · 22.70
Debt
€135k=
2024 · €135k
Debt ≤ 1 year
€111k▲
2024 · €102k
Debt > 1 year
€24k▼
2024 · €33k
Income taxes
€7k▲
2024 · €5k
Staff costs
€52k▼
2024 · €55k
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€204k€218k▲
Fixed assets21/28€66k€68k▲
Tangible fixed assets22/27€65k€67k▲
Land and buildings22€55k€50k▼
Plant, machinery and equipment23-€9k
Furniture and vehicles24€5k€8k▲
Leasing and similar rights25€5k-
Financial fixed assets28€209€359▲
Current assets29/58€138k€151k▲
Stocks and contracts in progress3€25k€20k▼
Stocks30/36€25k€20k▼
Amounts receivable within one year40/41€72k€84k▲
Trade receivables40€65k€82k▲
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€19k€32k▲
Deferred charges and accrued income490/1€22k€14k▼
Equity and liabilities
Total equity and liabilities10/49€204k€218k▲
Equity10/15€68k€83k▲
Contributions10/11€19k€19k=
Reserves13€50k€64k▲
Distributable reserves133€50k€64k▲
Amounts payable17/49€135k€135k=
Amounts payable after more than one year17€33k€24k▼
Financial debts170/4€33k€24k▼
Amounts payable within one year42/48€102k€111k▲
Current portion of amounts payable after more than one year42€14k€9k▼
Trade debts44€33k€53k▲
Suppliers440/4€33k€53k▲
Taxes, remuneration and social security45€13k€21k▲
Taxes450/3€5k€12k▲
Remuneration and social security454/9€8k€9k▲
Other amounts payable47/48€43k€28k▼
Accrued charges and deferred income492/3€121-
Income statement
Code20242025
Non-recurring operating income76A€537-
Remuneration, social security and pensions62€55k€52k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€2k€5k▲
Gross operating margin9900€108k€93k▼
Operating profit (loss)9901€37k€23k▼
Financial income75/76B€333€24▼
Recurring financial income75€333€24▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€35k€22k▼
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€31k€15k▼
Profit (loss) for the period to be appropriated9905€31k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€15k▼
Profit (loss) brought forward from the previous period14P€-161-
Transfer to equity691/2€30k€15k▼
To other reserves6921€30k€15k▼
The notes to these accounts (10 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €31k ▲19.5%
Operating result €37k, net result €31k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €26k
Net result €26k after 3 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial 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, Courcelles · 1 establishment unit since 2000
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.
Rue de Nivelles(GY) 326181 CourcellesGround area
1,408 m²
Building footprint
182 m²
Volume, LiDAR
611 m³
2 parcels, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WATELET SPRL
since 20002.131.652.402
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52027A0013/00D000 | Wallonia | 841 m² | 1 · 105 m² | 7.4 m · 2 fl. |
| 52031A0468/00Y002 | Wallonia | 568 m² | 1 · 77 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
6 categoriesWATELET SRL43200
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,658. 4,848 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2000
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:patrick@watelet.biz
Phone:0479596778