WATER FLOW SYSTEMS
ActiveThe computed 12-month bankruptcy probability of WATER FLOW SYSTEMS is 1.8% (moderate). The 2025 annual accounts show equity of €34k and a net result of €14k. Its solvency ranks better than 30% of 18207 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability74
Solvency35
Growth-
Track record67
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.92; short-term debt: 76.1% and cash: 5.4% of total assets), and 89.6% of the assets are financed with debt.
Credit advice 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
10.4%
Return on assets
4.2%
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 25-08-2026, 25 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 · 1 filingDeviation from the deadline
2025
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€34k
Total assets
€323k
Net result
€14k
Working capital
€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €323k
Fixed assets
€96k
Current assets
€227k
Equity and liabilities €323k
Equity
€34k
Debt
€290k
Debt finances 89.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€81k
Cash flow
€67k
Solvency
10.4%
Current ratio
0.92
Quick ratio
0.38
Debt / equity
8.61
ROE
40.5%
ROA
4.2%
Interest coverage
9.17
Debt
€290k
Debt ≤ 1 year
€246k
Debt > 1 year
€44k
Income taxes
€5k
Staff costs
€294k
Filed annual accounts
As filed with the NBB · 2025
Balance sheet
Code2025
Assets
Total assets20/58€323k
Fixed assets21/28€96k
Intangible fixed assets21€47k
Tangible fixed assets22/27€47k
Land and buildings22€3k
Plant, machinery and equipment23€3k
Furniture and vehicles24€41k
Financial fixed assets28€2k
Current assets29/58€227k
Stocks and contracts in progress3€135k
Stocks30/36€135k
Amounts receivable within one year40/41€75k
Trade receivables40€59k
Other amounts receivable41€16k
Cash at bank and in hand54/58€18k
Equity and liabilities
Total equity and liabilities10/49€323k
Equity10/15€34k
Contributions10/11€20k
Reserves13€14k
Distributable reserves133€14k
Amounts payable17/49€290k
Amounts payable after more than one year17€44k
Financial debts170/4€44k
Amounts payable within one year42/48€246k
Current portion of amounts payable after more than one year42€15k
Trade debts44€34k
Suppliers440/4€34k
Taxes, remuneration and social security45€54k
Taxes450/3€6k
Remuneration and social security454/9€48k
Other amounts payable47/48€143k
Income statement
Code2025
Remuneration, social security and pensions62€294k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k
Other operating charges640/8€1k
Non-recurring operating charges66A€18k
Gross operating margin9900€394k
Operating profit (loss)9901€28k
Financial income75/76B€18
Recurring financial income75€18
Financial charges65/66B€9k
Recurring financial charges65€9k
Profit (loss) for the period before taxes9903€19k
Income taxes67/77€5k
Profit (loss) for the period9904€14k
Profit (loss) for the period to be appropriated9905€14k
Appropriation of the result
Profit (loss) to be appropriated9906€14k
Transfer to equity691/2€14k
To other reserves6921€14k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
NBB filing
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, Waregem · 1 establishment unit since 2024
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.
Kalkhoevestraat 18790 WaregemGround area
3,593 m²
Building footprint
2,117 m²
Parcel 34452B0827/03R011, Flanders. Linked by address, not a title deed.
1 establishment unit
WATER FLOW SYSTEMS
since 20242.356.381.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0827/03R011 | Flanders | 3,593 m² | 1 · 2,117 m² | - |
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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Of 212 companies in sector 47527 we hold annual accounts for 146. 101 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2024
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
47527Retail trade
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.