WATER & CONSTRUCT EXPERTISE
ActiveSummary
WATER & CONSTRUCT EXPERTISE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €30k. Equity is growing by ~46.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency100▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 5.25 against 3.7 in 2024; short-term debt: 18.8% and cash: 17.6% of total assets), and 19% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
81%
Return on assets
21.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
15 d late
2023
31 d late
2022
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▲ 36.3%
2024 · €83k
2022: €14klowest in 4 years
2023: €54k▲ +280% vs 2022
2024: €83k▲ +53.6% vs 2023
2025: €114k▲ +36.3% vs 2024highest in 4 years
2022 → 2025
Total assets
€140k▲ 22.2%
2024 · €115k
2022: €27klowest in 4 years
2023: €81k▲ +198% vs 2022
2024: €115k▲ +40.9% vs 2023
2025: €140k▲ +22.2% vs 2024highest in 4 years
2022 → 2025
Net result
€30k▲ 4.1%
2024 · €29k
2022: €12klowest in 4 years
2023: €40k▲ +226% vs 2022highest in 4 years
2024: €29k▼ -27.3% vs 2023
2025: €30k▲ +4.1% vs 2024
2022 → 2025
Working capital
€112k▲ 33.5%
2024 · €84k
2022: €14klowest in 4 years
2023: €54k▲ +289% vs 2022
2024: €84k▲ +54.9% vs 2023
2025: €112k▲ +33.5% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€14k-€54k▲ 280%€83k▲ 53.6%€114k▲ 36.3%
2022: €14klowest in 4 years
2023: €54k▲ +280% vs 2022
2024: €83k▲ +53.6% vs 2023
2025: €114k▲ +36.3% vs 2024highest in 4 years
Operating result€18k-€55k▲ 216%€41k▼ 26.8%€42k▲ 4.6%
2022: €18klowest in 4 years
2023: €55k▲ +216% vs 2022highest in 4 years
2024: €41k▼ -26.8% vs 2023
2025: €42k▲ +4.6% vs 2024
Net result€12k-€40k▲ 226%€29k▼ 27.3%€30k▲ 4.1%
2022: €12klowest in 4 years
2023: €40k▲ +226% vs 2022highest in 4 years
2024: €29k▼ -27.3% vs 2023
2025: €30k▲ +4.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€2k ▲ 3,896%
Current assets
€138k ▲ 20.4%
Equity and liabilities €140k
Equity
€114k ▲ 36.3%
Debt
€27k ▼ 15.1%
Debt's share of the balance-sheet total falls from 27.4% to 19.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €41k
Cash flow
€31k▲
2024 · €29k
Current ratio
5.25▲
2024 · 3.70
Debt to equity
0.24▼
2024 · 0.38
ROE
26.6%▼
2024 · 34.9%
ROA
21.6%▼
2024 · 25.3%
Interest coverage
107.46▼
2024 · 1747.06
Debt ≤ 1 year
€26k▼
2024 · €31k
Income taxes
€12k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€115k€140k▲
Fixed assets21/28€55€2k▲
Tangible fixed assets22/27€55€2k▲
Furniture and vehicles24€55-
Other tangible fixed assets26-€2k
Current assets29/58€115k€138k▲
Amounts receivable within one year40/41€3k€10k▲
Trade receivables40€3k€10k▲
Current investments50/53€80k€100k▲
Cash at bank and in hand54/58€31k€25k▼
Deferred charges and accrued income490/1€880€3k▲
Equity and liabilities
Total equity and liabilities10/49€115k€140k▲
Equity10/15€83k€114k▲
Contributions10/11€2k€2k=
Reserves13€81k€111k▲
Distributable reserves133€81k€111k▲
Profit (loss) carried forward14€389€674▲
Amounts payable17/49€31k€27k▼
Amounts payable within one year42/48€31k€26k▼
Trade debts44€186€2k▲
Suppliers440/4€186€2k▲
Taxes, remuneration and social security45€29k€21k▼
Taxes450/3€29k€21k▼
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3€443€387▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€161€217▲
Other operating charges640/8€387€400▲
Gross operating margin9900€41k€43k▲
Operating profit (loss)9901€41k€42k▲
Financial income75/76B-€362
Recurring financial income75-€362
Financial charges65/66B€23€397▲
Recurring financial charges65€23€397▲
Profit (loss) for the period before taxes9903€41k€42k▲
Income taxes67/77€11k€12k▲
Profit (loss) for the period9904€29k€30k▲
Profit (loss) for the period to be appropriated9905€29k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€31k▲
Profit (loss) brought forward from the previous period14P€295€389▲
Transfer to equity691/2€29k€30k▲
To other reserves6921€29k€30k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €161 | €161 | €217 | ▲ 34.7% |
| Other operating charges640/8 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €19k | €56k | €41k | €43k | ▲ 4.7% |
| Operating profit (loss)9901 | €18k | €55k | €41k | €42k | ▲ 4.6% |
| Financial income75/76B | - | - | - | €362 | - |
| Recurring financial income75 | - | - | - | €362 | - |
| Financial charges65/66B | €27 | - | €23 | €397 | ▲ 1,603% |
| Recurring financial charges65 | €27 | - | €23 | €397 | ▲ 1,603% |
| Profit (loss) for the period before taxes9903 | €17k | €55k | €41k | €42k | ▲ 4.6% |
| Income taxes67/77 | €5k | €15k | €11k | €12k | ▲ 5.8% |
| Profit (loss) for the period9904 | €12k | €40k | €29k | €30k | ▲ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €12k | €40k | €29k | €30k | ▲ 4.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27k | €81k | €115k | €140k | ▲ 22.2% |
| Fixed assets21/28 | €377 | €216 | €55 | €2k | ▲ 3,896% |
| Tangible fixed assets22/27 | €377 | €216 | €55 | €2k | ▲ 3,896% |
| Furniture and vehicles24 | €377 | €216 | €55 | - | - |
| Other tangible fixed assets26 | - | - | - | €2k | - |
| Current assets29/58 | €27k | €81k | €115k | €138k | ▲ 20.4% |
| Amounts receivable within one year40/41 | €11k | €13k | €3k | €10k | ▲ 225% |
| Trade receivables40 | €11k | €12k | €3k | €10k | ▲ 225% |
| Other amounts receivable41 | - | €783 | - | - | - |
| Current investments50/53 | - | - | €80k | €100k | ▲ 25.0% |
| Cash at bank and in hand54/58 | €16k | €67k | €31k | €25k | ▼ 19.7% |
| Deferred charges and accrued income490/1 | €148 | €1k | €880 | €3k | ▲ 262% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27k | €81k | €115k | €140k | ▲ 22.2% |
| Equity10/15 | €14k | €54k | €83k | €114k | ▲ 36.3% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Reserves13 | €12k | €52k | €81k | €111k | ▲ 37.0% |
| Distributable reserves133 | €12k | €52k | €81k | €111k | ▲ 37.0% |
| Profit (loss) carried forward14 | €289 | €295 | €389 | €674 | ▲ 73.2% |
| Amounts payable17/49 | €13k | €27k | €31k | €27k | ▼ 15.1% |
| Amounts payable within one year42/48 | €13k | €27k | €31k | €26k | ▼ 15.1% |
| Trade debts44 | €1k | €633 | €186 | €2k | ▲ 957% |
| Suppliers440/4 | €1k | €633 | €186 | €2k | ▲ 957% |
| Taxes, remuneration and social security45 | €7k | €23k | €29k | €21k | ▼ 25.5% |
| Taxes450/3 | €7k | €23k | €29k | €21k | ▼ 25.5% |
| Other amounts payable47/48 | €4k | €4k | €2k | €3k | ▲ 39.8% |
| Accrued charges and deferred income492/3 | - | - | €443 | €387 | ▼ 12.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €40k | €29k | €30k | ▲ 4.1% |
| + Depreciation and write-downs630 | €1k | €161 | €161 | €217 | ▲ 34.7% |
| Operating cash flow (approximation) | €14k | €40k | €29k | €31k | ▲ 4.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | - |
| Change in cash | - | €51k | €-37k | €-6k | ▲ 83.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €100kEq €114k ▲36.3%
4 profitable years in a row build equity to €114k.
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2022net €40k ▲226%
Operating result €55k, net result €40k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lasne · 1 establishment unit since 2022
Ground area
1,575 m²
Building footprint
98 m²
Volume, LiDAR
508 m³
Parcel 25051C0031/00R000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Water & Construct Expertise
since 20222.354.343.319
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051C0031/00R000 | Wallonia | 1,575 m² | 1 · 98 m² | 6.8 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.
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Of 4,564 companies in sector 74999 we hold annual accounts for 1,936. 1,546 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
Contact
E-mail
gillis.alain@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.