WAter
ActiveWAter has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240k and a net result of €51k. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+6
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 3.45 against 1.79 in 2024; short-term debt: 12.2% and cash: 31.3% of total assets), and 12.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
87.6%
Return on assets
18.6%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
31 d early
2023
8 d early
2022
47 d early
2021
45 d early
← 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
€240k▲ 20.6%
2024 · €199k
2021: €76k
2022: €110k
2023: €150k
2024: €199k
2021 → 2025
Total assets
€274k▲ 8.7%
2024 · €252k
2021: €193k
2022: €206k
2023: €225k
2024: €252k
2021 → 2025
Net result
€51k▲ 4.8%
2024 · €49k
2021: €41k
2022: €34k
2023: €40k
2024: €49k
2021 → 2025
Working capital
€82k▲ 97.4%
2024 · €42k
2021: €-8k
2022: €2k
2023: €16k
2024: €42k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€110k▲ 44.7%€150k▲ 36.7%€199k▲ 32.3%€240k▲ 20.6%
Operating result€59k-€51k▼ 14.6%€64k▲ 25.8%€72k▲ 12.6%€75k▲ 4.7%
Net result€41k-€34k▼ 16.3%€40k▲ 18.7%€49k▲ 20.4%€51k▲ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274k
Fixed assets
€158k▲ 0.5%
Current assets
€116k▲ 22.4%
Equity and liabilities €274k
Equity
€240k▲ 20.6%
Debt
€34k▼ 35.8%
The debt ratio falls from 21.1% to 12.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75k
Cash flow
€51k
Solvency
87.6%▲
2024 · 78.9%
Current ratio
3.45▲
2024 · 1.79
Quick ratio
3.45▲
2024 · 1.79
Debt / equity
0.14▼
2024 · 0.27
ROE
21.2%▼
2024 · 24.4%
ROA
18.6%▼
2024 · 19.3%
Interest coverage
265.15
Debt
€34k▼
2024 · €53k
Debt ≤ 1 year
€34k▼
2024 · €53k
Debt > 1 year
€596▲
2024 · €303
Income taxes
€24k▲
2024 · €23k
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€252k€274k▲
Fixed assets21/28€158k€158k▲
Tangible fixed assets22/27-€742
Plant, machinery and equipment23-€742
Financial fixed assets28€158k€158k=
Current assets29/58€94k€116k▲
Amounts receivable within one year40/41€17k€25k▲
Trade receivables40€12k€24k▲
Other amounts receivable41€5k€1k▼
Current investments50/53-€5k
Cash at bank and in hand54/58€77k€86k▲
Deferred charges and accrued income490/1€168€279▲
Equity and liabilities
Total equity and liabilities10/49€252k€274k▲
Equity10/15€199k€240k▲
Contributions10/11€35k€25k▼
Reserves13€164k€215k▲
Distributable reserves133€164k€215k▲
Amounts payable17/49€53k€34k▼
Amounts payable after more than one year17€303€596▲
Other amounts payable178/9€303€596▲
Amounts payable within one year42/48€53k€34k▼
Current portion of amounts payable after more than one year42€22k-
Trade debts44€8k€916▼
Suppliers440/4€8k€916▼
Taxes, remuneration and social security45€23k€23k▼
Taxes450/3€20k€19k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48-€10k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€59
Other operating charges640/8€190€194▲
Gross operating margin9900€72k€75k▲
Operating profit (loss)9901€72k€75k▲
Financial income75/76B€0€29▲
Recurring financial income75€0€29▲
Financial charges65/66B€404€284▼
Recurring financial charges65€404€284▼
Profit (loss) for the period before taxes9903€71k€75k▲
Income taxes67/77€23k€24k▲
Profit (loss) for the period9904€49k€51k▲
Profit (loss) for the period to be appropriated9905€49k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€51k▲
Transfer to equity691/2€49k€51k▲
To other reserves6921€49k€51k▲
The notes to these accounts (8 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €51k ▲4.8%
Operating result €75k, net result €51k, both a record.
31-12
Financial
Equity above €200kEq €240k ▲20.6%
5 profitable years in a row build equity to €240k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €150k ▲36.7%
3 profitable years in a row build equity to €150k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €34k ▼16.3%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €110k ▲44.7%
2 profitable years in a row build equity to €110k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 2020
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.
Mariakerkelaan 1608400 OostendeGround area
214 m²
Building footprint
81 m²
Volume, LiDAR
621 m³
Parcel 35384A0446/14P004, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mariakerkelaan 160, 8400 Oostende
since 20202.307.663.949
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0446/14P004 | Flanders | 214 m² | 1 · 81 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BH3 JARDINS
BE 0432.807.466
Wavre · Eq €240k
Bureau d’architecture et d’ingénierie Pierard Christine
BE 0882.887.367
Saint-Hubert · Eq €240k
SMT-CONSTRUCT
BE 0744.556.756
Bocholt · Eq €240k
ARCOPLAN, société d'architectes
BE 0444.651.166
Andenne · Eq €240k
ENERMICO
BE 0655.718.911
Balen · Eq €240k
Of 18,249 companies in sector 71111 we hold annual accounts for 6,319. 4,945 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-2020
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.