WATELLE
ActiveSummary
The computed 12-month bankruptcy probability of WATELLE is 1.7% (moderate). The 2025 annual accounts show negative equity (-€157,381) and a net result of €11,034. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 3762 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-7
Solvency0=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.6 in 2024; short-term debt: 38.4% and cash: 22.5% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-60.5%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 3762 sector peers (2025).
NBB · sector comparisonPosition among 3762 sector peers
Solvency
better than 11%
← weakest
strongest →
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
7 d early
2023
56 d late
2022
11 d early
2021
73 d early
2020
18 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 July (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€157,381▲ 6.6%
2024 · -€168,415
Total assets
€260,307▼ 16.8%
2024 · €312,788
Net result
€11,034▼ 63.9%
2024 · €30,525
Working capital
-€32,159▲ 1.9%
2024 · -€32,785
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line20212022202320242025
Operating result€24,386€26,627▲ 9.2%-€17,505€41,482€19,498▼ 53.0%
Net result€13,037within the sector's middle half€15,688within the sector's middle half▲ 20.3%-€28,951below the sector's middle half€30,525within the sector's middle half€11,034within the sector's middle half▼ 63.9%
Equity-€185,677below the sector's middle half▲ 6.6%-€169,989below the sector's middle half▲ 8.4%-€198,940below the sector's middle half▼ 17.0%-€168,415below the sector's middle half▲ 15.3%-€157,381below the sector's middle half▲ 6.6%
Total assets€396,664within the sector's middle half▼ 0.9%€337,127within the sector's middle half▼ 15.0%€335,964within the sector's middle half▼ 0.3%€312,788within the sector's middle half▼ 6.9%€260,307within the sector's middle half▼ 16.8%
Debt€582,341▼ 2.8%€507,116▼ 12.9%€534,904▲ 5.5%€481,203▼ 10.0%€417,688▼ 13.2%
Working capital-€9,100within the sector's middle half▲ 74.0%-€14,113within the sector's middle half▼ 55.1%-€49,659within the sector's middle half▼ 252%-€32,785within the sector's middle half▲ 34.0%-€32,159within the sector's middle half▲ 1.9%
Solvency-46.8%below the sector's middle half▲ 2.8pp-50.4%below the sector's middle half▼ 3.6pp-59.2%below the sector's middle half▼ 8.8pp-53.8%below the sector's middle half▲ 5.4pp-60.5%below the sector's middle half▼ 6.6pp
Current ratio0.91within the sector's middle half▲ 0.300.82within the sector's middle half▼ 0.090.45below the sector's middle half▼ 0.370.60below the sector's middle half▲ 0.150.68within the sector's middle half▲ 0.07
Return on assets (ROA)3.3%within the sector's middle half▲ 8.1pp4.7%within the sector's middle half▲ 1.4pp-8.6%below the sector's middle half▼ 13.3pp9.8%within the sector's middle half▲ 18.4pp4.2%within the sector's middle half▼ 5.5pp
Staff (FTE)4.8within the sector's middle half▼ 7.7%7within the sector's middle half▲ 45.8%5.4within the sector's middle half▼ 22.9%6within the sector's middle half▲ 11.1%6.5within the sector's middle half▲ 8.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260,307
Fixed assets
€192,439 ▼ 26.8%
Current assets
€67,868 ▲ 35.8%
Key figures and ratios
EBITDA
€94,123▼
2024 · €110,900
Cash flow
€85,658▼
2024 · €99,943
Quick ratio
0.65▲
2024 · 0.57
Debt to equity
-2.65▲
2024 · -2.86
Interest coverage
11.48▲
2024 · 10.32
Debt ≤ 1 year
€100,027▲
2024 · €82,757
Debt > 1 year
€317,661▼
2024 · €398,446
Income taxes
€363▲
2024 · €269
Staff costs
€164,794=
2024 · €164,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,381 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13,752 | - | - | - |
| Remuneration, social security and pensions62 | €102,647 | €150,754 | €165,547 | €164,860 | €164,794 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,464 | €60,606 | €66,618 | €69,418 | €74,624 | ▲ 7.5% |
| Other operating charges640/8 | €3,744 | €4,849 | €4,780 | €4,928 | €5,530 | ▲ 12.2% |
| Gross operating margin9900 | €188,241 | €242,836 | €219,440 | €280,688 | €264,447 | ▼ 5.8% |
| Operating profit (loss)9901 | €24,386 | €26,627 | -€17,505 | €41,482 | €19,498 | ▼ 53.0% |
| Financial income75/76B | €14 | €22 | €71 | €59 | €95 | ▲ 60.0% |
| Recurring financial income75 | €14 | €22 | €71 | €59 | €95 | ▲ 60.0% |
| Financial charges65/66B | €10,363 | €9,945 | €10,890 | €10,748 | €8,197 | ▼ 23.7% |
| Recurring financial charges65 | €10,363 | €9,945 | €10,890 | €10,748 | €8,197 | ▼ 23.7% |
| Profit (loss) for the period before taxes9903 | €14,037 | €16,704 | -€28,324 | €30,794 | €11,397 | ▼ 63.0% |
| Income taxes67/77 | €1,000 | €1,016 | €627 | €269 | €363 | ▲ 35.1% |
| Profit (loss) for the period9904 | €13,037 | €15,688 | -€28,951 | €30,525 | €11,034 | ▼ 63.9% |
| Profit (loss) for the period to be appropriated9905 | €13,037 | €15,688 | -€28,951 | €30,525 | €11,034 | ▼ 63.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €396,664 | €337,127 | €335,964 | €312,788 | €260,307 | ▼ 16.8% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €308,385 | €272,703 | €294,608 | €262,816 | €192,439 | ▼ 26.8% |
| Tangible fixed assets22/27 | €308,385 | €272,703 | €294,608 | €262,816 | €192,439 | ▼ 26.8% |
| Land and buildings22 | €242,766 | €207,460 | €172,153 | €136,846 | €101,539 | ▼ 25.8% |
| Plant, machinery and equipment23 | €26,320 | €36,100 | €38,739 | €48,109 | €36,874 | ▼ 23.4% |
| Furniture and vehicles24 | €39,299 | €29,143 | €83,716 | €77,862 | €54,026 | ▼ 30.6% |
| Current assets29/58 | €88,279 | €64,424 | €41,356 | €49,972 | €67,868 | ▲ 35.8% |
| Stocks and contracts in progress3 | €1,500 | €1,500 | €2,500 | €2,500 | €2,500 | = |
| Stocks30/36 | €1,500 | €1,500 | €2,500 | €2,500 | €2,500 | = |
| Amounts receivable within one year40/41 | €83 | €2,960 | €594 | €858 | €2,117 | ▲ 147% |
| Trade receivables40 | - | - | - | €755 | - | - |
| Other amounts receivable41 | €83 | €2,960 | €594 | €103 | €2,117 | ▲ 1,963% |
| Cash at bank and in hand54/58 | €84,362 | €59,285 | €35,322 | €41,614 | €58,514 | ▲ 40.6% |
| Deferred charges and accrued income490/1 | €2,334 | €679 | €2,940 | €4,999 | €4,737 | ▼ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €396,664 | €337,127 | €335,964 | €312,788 | €260,307 | ▼ 16.8% |
| Equity10/15 | -€185,677 | -€169,989 | -€198,940 | -€168,415 | -€157,381 | ▲ 6.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€204,277 | -€188,589 | -€217,540 | -€187,015 | -€175,981 | ▲ 5.9% |
| Amounts payable17/49 | €582,341 | €507,116 | €534,904 | €481,203 | €417,688 | ▼ 13.2% |
| Amounts payable after more than one year17 | €482,762 | €428,579 | €443,889 | €398,446 | €317,661 | ▼ 20.3% |
| Financial debts170/4 | €182,762 | €153,579 | €168,889 | €123,446 | €87,661 | ▼ 29.0% |
| Other amounts payable178/9 | €300,000 | €275,000 | €275,000 | €275,000 | €230,000 | ▼ 16.4% |
| Amounts payable within one year42/48 | €97,379 | €78,537 | €91,015 | €82,757 | €100,027 | ▲ 20.9% |
| Current portion of amounts payable after more than one year42 | €28,091 | €29,182 | €43,795 | €45,443 | €48,535 | ▲ 6.8% |
| Trade debts44 | €20,934 | €10,461 | €20,944 | €13,910 | €20,133 | ▲ 44.7% |
| Suppliers440/4 | €20,934 | €10,461 | €20,944 | €13,910 | €20,133 | ▲ 44.7% |
| Taxes, remuneration and social security45 | €27,402 | €21,893 | €13,183 | €20,696 | €15,402 | ▼ 25.6% |
| Taxes450/3 | €12,620 | €6,817 | €1,846 | €7,138 | €5,736 | ▼ 19.6% |
| Remuneration and social security454/9 | €14,782 | €15,076 | €11,337 | €13,557 | €9,666 | ▼ 28.7% |
| Other amounts payable47/48 | €20,952 | €17,001 | €13,093 | €2,709 | €15,957 | ▲ 489% |
| Accrued charges and deferred income492/3 | €2,200 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,037 | €15,688 | -€28,951 | €30,525 | €11,034 | ▼ 63.9% |
| + Depreciation and write-downs630 | €57,464 | €60,606 | €66,618 | €69,418 | €74,624 | ▲ 7.5% |
| Operating cash flow (approximation) | €70,501 | €76,294 | €37,667 | €99,943 | €85,658 | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | -€24,924 | -€88,523 | -€37,626 | -€4,247 | ▲ 88.7% |
| Change in cash | - | -€25,077 | -€23,963 | €6,292 | €16,900 | ▲ 169% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €30,525
Net result €30,525 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
31-12
Financial
Weakest financial yearnet -€28,951
Net result drops to -€28,951, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €13,037
Net result €13,037 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Knokke-Heist · 1 establishment unit since 2008
Ground area
124 m²
Building footprint
124 m²
Volume, LiDAR
2,189 m³
Parcel 31334B0246/00A000, Flanders · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Delicious
since 20082.173.886.992
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0246/00A000 | Flanders | 124 m² | 1 · 124 m² | 23.9 m · 7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.173.886.992
Similar companies · same sector, comparable size
SUITE
BE 0423.400.842
Elsene · FTE 6.5
'T VEER
BE 0423.662.346
Schelle · FTE 6.5
D.D.P.M.
BE 0458.201.373
Liège · FTE 6.5
L'ETANG DE TEMPLEUVE
BE 0550.462.231
Tournai · FTE 6.5
DyAva
BE 0633.909.747
Anzegem · FTE 6.5
Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 2,558 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806985362
Also
9925:BE0806985362
Registered
26-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.