Water Equipment Component
ActiveThe computed 12-month bankruptcy probability of Water Equipment Component is 1.9% (moderate). The 2024 annual accounts show equity of €30k and a net result of €3k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 15868 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▼-40
Solvency51▼-2
Growth85=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.36 against 1.39 in 2023; short-term debt: 73.6% and cash: 0.6% of total assets), and 73.6% 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.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
26.4%
Return on assets
3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
23 d late
2022
28 d early
2021
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€71k▲ 138%
2023 · €30k
2021: €16k
2022: €22k
2023: €30k
2021 → 2024
EBIT margin
7.3%▼ 21.1pp
2023 · 28.4%
2021: 8.7%
2022: 2.2%
2023: 28.4%
2021 → 2024
Net result
€3k▼ 48.3%
2023 · €7k
2021: €971
2022: €139
2023: €7k
2021 → 2024
Working capital
€30k▲ 12.9%
2023 · €27k
2021: €19k
2022: €20k
2023: €27k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€16k-€22k▲ 38.5%€30k▲ 35.1%€71k▲ 138%
Equity€20k-€20k▲ 0.7%€27k▲ 33.2%€30k▲ 12.9%
Operating result€1k-€478▼ 65.5%€8k▲ 1,659%€5k▼ 38.7%
Net result€971-€139▼ 85.7%€7k▲ 4,720%€3k▼ 48.3%
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 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €115k
Equity
€30k▲ 12.9%
Debt
€85k▲ 21.9%
The debt ratio rises from 72.1% to 73.6%. Equity and debt are higher.
Key figures and ratios
Solvency
26.4%▼
2023 · 27.9%
Current ratio
1.36▼
2023 · 1.39
Quick ratio
0.97▲
2023 · 0.25
Debt / equity
2.79▲
2023 · 2.59
ROE
11.4%▼
2023 · 24.9%
ROA
3.0%▼
2023 · 6.9%
Debt
€85k▲
2023 · €69k
Debt ≤ 1 year
€85k▲
2023 · €69k
Income taxes
€1k▼
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€96k€115k▲
Current assets29/58€96k€115k▲
Stocks and contracts in progress3€79k€33k▼
Stocks30/36€79k€33k▼
Amounts receivable within one year40/41€15k€81k▲
Trade receivables40€15k€81k▲
Cash at bank and in hand54/58€2k€683▼
Equity and liabilities
Total equity and liabilities10/49€96k€115k▲
Equity10/15€27k€30k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€8k€11k▲
Amounts payable17/49€69k€85k▲
Amounts payable within one year42/48€69k€85k▲
Trade debts44€63k€76k▲
Suppliers440/4€63k€76k▲
Bills of exchange payable441€650-
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Other amounts payable47/48€4k€4k=
Income statement
Code20232024
Turnover70€30k€71k▲
Goods, raw materials, services and sundry goods60/61€30k€65k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€279-
Gross operating margin9900€9k€5k▼
Operating profit (loss)9901€8k€5k▼
Financial charges65/66B€38€339▲
Recurring financial charges65€38€339▲
Profit (loss) for the period before taxes9903€8k€5k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€7k€3k▼
Profit (loss) for the period to be appropriated9905€7k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€11k▲
Profit (loss) brought forward from the previous period14P€1k€8k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Highest result since 2021net €7k ▲4720%
Operating result €8k, net result €7k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €139 ▼85.7%
Net result drops to €139, the lowest in the series; recovery starts the following year.
29-06
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
2 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, Oupeye · 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.
Place Communale 74684 OupeyeGround area
487 m²
Building footprint
66 m²
Volume, LiDAR
532 m³
Parcel 62048B0750/00F000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Water Equipment Component
since 20202.307.426.892
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62048B0750/00F000 | Wallonia | 486 m² | 1 · 66 m² | 9.6 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.
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Vertonghen Klimatisatie
BE 1003.043.445
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VOGH
BE 0783.972.509
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RODRIGUES & FILS
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Of 156 companies in sector 46836 we hold annual accounts for 113. 52 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2020
Fiscal year end31-12
Abbreviation FR
WEC
Activities, NACEBEL
46836Wholesale trade
46842Wholesale trade
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:04/374.25.00