Water & Pret
ActiveSummary
Water & Pret has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€8,079) and a net result of €1,747. Equity is shrinking by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▲+50
Solvency2▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81; short-term debt: 122.7% and cash: 31.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-22.7%
Return on assets
4.9%
Age of the figures
21 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 15869 sector peers (2024).
NBB · sector comparisonPosition among 15869 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
91 d late
2022
23 d late
2021
29 d late
2020
60 d late
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€8,079▲ 17.8%
2023 · -€9,826
Total assets
€35,553▲ 66,046%
2023 · €54
Net result
€1,747
2023 · -€595
Working capital
-€8,079▲ 17.8%
2023 · -€9,826
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€894▲ 32.5%-€461▲ 48.4%-€4,658▼ 909%-€595▲ 87.2%€2,330
Net result-€963within the sector's middle half▲ 33.3%-€522within the sector's middle half▲ 45.8%-€4,707below the sector's middle half▼ 802%-€595within the sector's middle half▲ 87.4%€1,747within the sector's middle half
Equity-€4,003below the sector's middle half▼ 31.7%-€4,524below the sector's middle half▼ 13.0%-€9,231below the sector's middle half▼ 104%-€9,826below the sector's middle half▼ 6.4%-€8,079below the sector's middle half▲ 17.8%
Total assets€5,049below the sector's middle half▲ 0.4%€5,103below the sector's middle half▲ 1.1%€60below the sector's middle half▼ 98.8%€54below the sector's middle half▼ 9.8%€35,553below the sector's middle half▲ 66,046%
Debt€9,052▲ 12.2%€9,627▲ 6.4%€9,291▼ 3.5%€9,880▲ 6.3%€43,633▲ 342%
Working capital-€4,003within the sector's middle half▼ 31.7%-€4,524within the sector's middle half▼ 13.0%-€9,231below the sector's middle half▼ 104%-€9,826below the sector's middle half▼ 6.4%-€8,079below the sector's middle half▲ 17.8%
Solvency-79.3%below the sector's middle half▼ 18.8pp-88.7%below the sector's middle half▼ 9.4pp-22.7%below the sector's middle half
Current ratio0.56below the sector's middle half▼ 0.070.53below the sector's middle half▼ 0.030.81below the sector's middle half
Return on assets (ROA)-19.1%below the sector's middle half▲ 9.6pp-10.2%below the sector's middle half▲ 8.8pp4.9%within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 2024: €2,330 after a loss of €595 in 2023, the highest result in the available series.
Key figures and ratios
Quick ratio
0.59
Debt to equity
-5.40
Debt ≤ 1 year
€43,633▲
2023 · €9,880
Income taxes
€488
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,379 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €124 | - | €1,023 | - |
| Non-recurring operating charges66A | - | - | €4,000 | - | - | - |
| Gross operating margin9900 | -€484 | -€461 | -€534 | -€595 | €3,352 | ▲ 663% |
| Operating profit (loss)9901 | -€894 | -€461 | -€4,658 | -€595 | €2,330 | ▲ 492% |
| Financial charges65/66B | - | €60 | €49 | - | €95 | - |
| Recurring financial charges65 | €69 | €60 | €49 | - | €95 | - |
| Profit (loss) for the period before taxes9903 | -€963 | -€522 | -€4,707 | -€595 | €2,235 | ▲ 476% |
| Income taxes67/77 | - | - | - | - | €488 | - |
| Profit (loss) for the period9904 | -€963 | -€522 | -€4,707 | -€595 | €1,747 | ▲ 394% |
| Profit (loss) for the period to be appropriated9905 | -€963 | -€522 | -€4,707 | -€595 | €1,747 | ▲ 394% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,049 | €5,103 | €60 | €54 | €35,553 | ▲ 66,046% |
| Current assets29/58 | €5,049 | €5,103 | €60 | €54 | €35,553 | ▲ 66,046% |
| Stocks and contracts in progress3 | - | - | - | - | €9,806 | - |
| Stocks30/36 | - | - | - | - | €9,806 | - |
| Amounts receivable within one year40/41 | €1,029 | €1,029 | €0 | - | €14,671 | - |
| Trade receivables40 | - | €1,029 | €0 | - | €10,424 | - |
| Other amounts receivable41 | - | - | - | - | €4,247 | - |
| Cash at bank and in hand54/58 | €20 | €74 | €60 | €54 | €11,076 | ▲ 20,507% |
| Deferred charges and accrued income490/1 | - | €4,000 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,049 | €5,103 | €60 | €54 | €35,553 | ▲ 66,046% |
| Equity10/15 | -€4,003 | -€4,524 | -€9,231 | -€9,826 | -€8,079 | ▲ 17.8% |
| Contributions10/11 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | -€11,503 | -€12,024 | -€16,731 | -€17,326 | -€15,579 | ▲ 10.1% |
| Amounts payable17/49 | €9,052 | €9,627 | €9,291 | €9,880 | €43,633 | ▲ 342% |
| Amounts payable within one year42/48 | €9,052 | €9,627 | €9,291 | €9,880 | €43,633 | ▲ 342% |
| Trade debts44 | €8,293 | €8,188 | €80 | €595 | €8,740 | ▲ 1,369% |
| Suppliers440/4 | - | €8,188 | €80 | €595 | €8,740 | ▲ 1,369% |
| Taxes, remuneration and social security45 | - | - | - | - | €3,938 | - |
| Taxes450/3 | - | - | - | - | €3,938 | - |
| Other amounts payable47/48 | - | €1,439 | €9,211 | €9,285 | €30,955 | ▲ 233% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€963 | -€522 | -€4,707 | -€595 | €1,747 | ▲ 394% |
| Operating cash flow (approximation) | -€963 | -€522 | -€4,707 | -€595 | €1,747 | ▲ 394% |
| Change in cash | - | €53 | -€14 | -€6 | €11,023 | ▲ 187,881% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €1,747
Net result €1,747 after 6 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Weakest financial yearnet -€4,707
Net result drops to -€4,707, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Oudsbergen · 1 establishment unit since 2012
Ground area
799 m²
Building footprint
138 m²
Volume, LiDAR
797 m³
Parcel 71047A0491/00C003, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EdJoMa
since 20122.213.830.406
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71047A0491/00C003 | Flanders | 799 m² | 1 · 138 m² | 9.9 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849540549
Also
9925:BE0849540549
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.