WATER GARDEN
ActiveThe computed 12-month bankruptcy probability of WATER GARDEN is 2.3% (moderate). The 2025 annual accounts show equity of €87k and a net result of €11k. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 27787 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▲+34
Solvency79▼-20
Growth32=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.72 in 2024; short-term debt: 42.5% and cash: 42.6% of total assets), and 45.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
54.3%
Return on assets
6.8%
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 24-08-2026, 24 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
24 d late
2024
25 d late
2023
60 d late
2022
30 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€87k▲ 14.2%
2024 · €76k
2022: €119k
2023: €139k
2024: €76k
2022 → 2025
Total assets
€160k▲ 55.2%
2024 · €103k
2022: €195k
2023: €292k
2024: €103k
2022 → 2025
Net result
€11k
2024 · €-63k
2022: €114k
2023: €21k
2024: €-63k
2022 → 2025
Working capital
€50k▲ 99.2%
2024 · €25k
2022: €113k
2023: €84k
2024: €25k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€119k-€139k▲ 17.3%€76k▼ 45.3%€87k▲ 14.2%
Operating result€130k-€42k▼ 67.5%€-5k€59k
Net result€114k-€21k▼ 81.9%€-63k€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €59k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€42k▼ 33.7%
Current assets
€118k▲ 197%
Equity and liabilities €160k
Equity
€87k▲ 14.2%
Debt
€73k▲ 171%
The debt ratio rises from 26.2% to 45.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81k▲
2024 · €17k
Cash flow
€32k▲
2024 · €-42k
Solvency
54.3%▼
2024 · 73.8%
Current ratio
1.73▼
2024 · 2.72
Quick ratio
1.73▼
2024 · 2.72
Debt / equity
0.84▲
2024 · 0.35
ROE
12.4%▲
2024 · -82.9%
ROA
6.8%▲
2024 · -61.2%
Interest coverage
1.16▲
2024 · 0.36
Debt
€73k▲
2024 · €27k
Debt ≤ 1 year
€68k▲
2024 · €15k
Debt > 1 year
€5k▼
2024 · €12k
Income taxes
€-21k▼
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€103k€160k▲
Fixed assets21/28€63k€42k▼
Tangible fixed assets22/27€63k€42k▼
Land and buildings22€12k€8k▼
Furniture and vehicles24€52k€34k▼
Current assets29/58€40k€118k▲
Amounts receivable within one year40/41€22k€48k▲
Trade receivables40€5k€25k▲
Other amounts receivable41€18k€23k▲
Cash at bank and in hand54/58€6k€68k▲
Deferred charges and accrued income490/1€12k€2k▼
Equity and liabilities
Total equity and liabilities10/49€103k€160k▲
Equity10/15€76k€87k▲
Contributions10/11€5k€5k=
Reserves13€42k€42k=
Tax-exempt reserves132€42k€42k=
Profit (loss) carried forward14€29k€40k▲
Amounts payable17/49€27k€73k▲
Amounts payable after more than one year17€12k€5k▼
Financial debts170/4€12k€5k▼
Amounts payable within one year42/48€15k€68k▲
Current portion of amounts payable after more than one year42€11k€10k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€454€3k▲
Taxes450/3€454€454=
Remuneration and social security454/9-€3k
Other amounts payable47/48-€51k
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Other operating charges640/8€1k€6k▲
Gross operating margin9900€18k€86k▲
Operating profit (loss)9901€-5k€59k▲
Financial income75/76B€9k€8▼
Recurring financial income75€9k€8▼
Financial charges65/66B€45k€70k▲
Recurring financial charges65€45k€70k▲
Profit (loss) for the period before taxes9903€-41k€-11k▲
Income taxes67/77€23k€-21k▼
Profit (loss) for the period9904€-63k€11k▲
Profit (loss) for the period to be appropriated9905€-63k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€40k▲
Profit (loss) brought forward from the previous period14P€92k€29k▼
The notes to these accounts (5 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-63k ▼407%
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
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, Wavre
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.
Chemin de Messe 141300 WavreGround area
725 m²
Building footprint
73 m²
Volume, LiDAR
515 m³
Parcel 25055B0064/00V000, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055B0064/00V000 | Wallonia | 725 m² | 1 · 73 m² | 9.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900SHJZDUBF5SM215
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ZAOUI
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MOMMAERT
BE 0670.637.907
Lennik · Eq €87k
DF BETON
BE 0793.696.362
Genk · Eq €87k
REFRIGERATION Guyaux
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OG RENOV CONSTRUCT
BE 0800.883.369
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,258 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2021
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.