Water Technics
ActiveSummary
Water Technics has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305,884 and a net result of €37,991. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 50% of 8061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency69▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.37 in 2024; short-term debt: 51.4% and cash: 17.1% of total assets), but 56% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more 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
44%
Return on assets
5.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
48 d early
2024
62 d early
2023
7 d early
2022
2 d early
2021
1 d early
2020
1 d early
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 April (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€305,884▲ 14.2%
2024 · €267,893
Total assets
€694,638▼ 17.5%
2024 · €841,984
Net result
€37,991▼ 6.0%
2024 · €40,423
Working capital
€237,846▲ 25.6%
2024 · €189,440
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€78,979▲ 27.4%€82,366▲ 4.3%€107,897▲ 31.0%€70,322▼ 34.8%€78,475▲ 11.6%
Net result€44,845within the sector's middle half▲ 13.7%€48,255within the sector's middle half▲ 7.6%€65,470within the sector's middle half▲ 35.7%€40,423within the sector's middle half▼ 38.3%€37,991within the sector's middle half▼ 6.0%
Equity€113,746within the sector's middle half▲ 81.4%€162,001within the sector's middle half▲ 42.4%€227,471within the sector's middle half▲ 40.4%€267,893within the sector's middle half▲ 17.8%€305,884within the sector's middle half▲ 14.2%
Total assets€950,400within the sector's middle half▲ 47.7%€784,293within the sector's middle half▼ 17.5%€790,933within the sector's middle half▲ 0.8%€841,984within the sector's middle half▲ 6.5%€694,638within the sector's middle half▼ 17.5%
Debt€836,654▲ 44.0%€622,292▼ 25.6%€563,462▼ 9.5%€574,090▲ 1.9%€388,754▼ 32.3%
Working capital€115,488within the sector's middle half€112,611within the sector's middle half▼ 2.5%€165,151within the sector's middle half▲ 46.7%€189,440within the sector's middle half▲ 14.7%€237,846within the sector's middle half▲ 25.6%
Solvency12.0%below the sector's middle half▲ 2.2pp20.7%below the sector's middle half▲ 8.7pp28.8%within the sector's middle half▲ 8.1pp31.8%within the sector's middle half▲ 3.1pp44.0%within the sector's middle half▲ 12.2pp
Current ratio1.18within the sector's middle half▲ 0.231.23within the sector's middle half▲ 0.051.36within the sector's middle half▲ 0.131.37within the sector's middle half▲ 0.011.67within the sector's middle half▲ 0.29
Return on assets (ROA)4.7%within the sector's middle half▼ 1.4pp6.2%within the sector's middle half▲ 1.4pp8.3%within the sector's middle half▲ 2.1pp4.8%within the sector's middle half▼ 3.5pp5.5%within the sector's middle half▲ 0.7pp
Staff (FTE)12.5above the sector's middle half▲ 34.4%3.9within the sector's middle half▼ 68.8%5.4within the sector's middle half▲ 38.5%5.5within the sector's middle half▲ 1.9%6.6within the sector's middle half▲ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €694,638
Fixed assets
€99,465 ▼ 30.8%
Current assets
€595,173 ▼ 14.8%
Equity and liabilities €694,638
Equity
€305,884 ▲ 14.2%
Debt
€388,754 ▼ 32.3%
Debt's share of the balance-sheet total falls from 68.2% to 56.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€119,537▲
2024 · €110,309
Cash flow
€79,052▼
2024 · €80,409
Quick ratio
0.53▼
2024 · 0.60
Debt to equity
1.27▼
2024 · 2.14
ROE
12.4%▼
2024 · 15.1%
Interest coverage
6.25▼
2024 · 8.54
Debt ≤ 1 year
€357,327▼
2024 · €508,861
Debt > 1 year
€31,427▼
2024 · €65,229
Income taxes
€21,351▲
2024 · €17,036
Staff costs
€303,638▼
2024 · €328,879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,341 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €596,069 | €496,325 | €410,308 | €328,879 | €303,638 | ▼ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69,292 | €64,394 | €66,401 | €39,987 | €41,061 | ▲ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €985 | - |
| Other operating charges640/8 | €7,732 | €2,441 | €7,777 | €5,119 | €3,006 | ▼ 41.3% |
| Gross operating margin9900 | €752,073 | €645,526 | €592,384 | €444,307 | €427,165 | ▼ 3.9% |
| Operating profit (loss)9901 | €78,979 | €82,366 | €107,897 | €70,322 | €78,475 | ▲ 11.6% |
| Financial income75/76B | €412 | €263 | €55 | €57 | - | - |
| Recurring financial income75 | €412 | €263 | €55 | €57 | - | - |
| Financial charges65/66B | €10,428 | €7,715 | €17,106 | €12,920 | €19,134 | ▲ 48.1% |
| Recurring financial charges65 | €10,428 | €7,715 | €17,106 | €12,920 | €19,134 | ▲ 48.1% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €68,964 | €74,914 | €90,846 | €57,459 | €59,342 | ▲ 3.3% |
| Income taxes67/77 | €24,119 | €26,659 | €25,376 | €17,036 | €21,351 | ▲ 25.3% |
| Profit (loss) for the period9904 | €44,845 | €48,255 | €65,470 | €40,423 | €37,991 | ▼ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €44,845 | €48,255 | €65,470 | €40,423 | €37,991 | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €950,400 | €784,293 | €790,933 | €841,984 | €694,638 | ▼ 17.5% |
| Fixed assets21/28 | €200,990 | €180,286 | €169,543 | €143,682 | €99,465 | ▼ 30.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €185,210 | €164,641 | €154,033 | €128,172 | €88,965 | ▼ 30.6% |
| Land and buildings22 | €71,288 | €61,143 | €61,083 | €49,863 | €38,698 | ▼ 22.4% |
| Plant, machinery and equipment23 | €27,792 | €54,362 | €43,272 | €43,815 | €29,173 | ▼ 33.4% |
| Furniture and vehicles24 | €86,130 | €49,136 | €49,678 | €34,494 | €21,095 | ▼ 38.8% |
| Financial fixed assets28 | €15,780 | €15,645 | €15,510 | €15,510 | €10,500 | ▼ 32.3% |
| Current assets29/58 | €749,409 | €604,007 | €621,390 | €698,302 | €595,173 | ▼ 14.8% |
| Stocks and contracts in progress3 | €495,823 | €408,823 | €385,574 | €395,485 | €404,720 | ▲ 2.3% |
| Stocks30/36 | €495,823 | €408,823 | €385,574 | €395,485 | €404,720 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €123,464 | €107,403 | €90,499 | €136,982 | €61,648 | ▼ 55.0% |
| Trade receivables40 | €123,464 | €101,494 | €80,062 | €133,558 | €59,621 | ▼ 55.4% |
| Other amounts receivable41 | €0 | €5,909 | €10,436 | €3,424 | €2,026 | ▼ 40.8% |
| Current investments50/53 | €0 | €112 | €60,112 | €0 | - | - |
| Cash at bank and in hand54/58 | €128,890 | €71,924 | €66,732 | €156,813 | €118,522 | ▼ 24.4% |
| Deferred charges and accrued income490/1 | €1,233 | €15,745 | €18,473 | €9,022 | €10,284 | ▲ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €950,400 | €784,293 | €790,933 | €841,984 | €694,638 | ▼ 17.5% |
| Equity10/15 | €113,746 | €162,001 | €227,471 | €267,893 | €305,884 | ▲ 14.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €95,146 | €143,401 | €208,871 | €249,293 | €287,284 | ▲ 15.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | €93,286 | €141,541 | €207,011 | €247,433 | €287,284 | ▲ 16.1% |
| Amounts payable17/49 | €836,654 | €622,292 | €563,462 | €574,090 | €388,754 | ▼ 32.3% |
| Amounts payable after more than one year17 | €202,733 | €130,896 | €107,224 | €65,229 | €31,427 | ▼ 51.8% |
| Financial debts170/4 | €202,733 | €130,896 | €107,224 | €65,229 | €31,427 | ▼ 51.8% |
| Amounts payable within one year42/48 | €633,921 | €491,396 | €456,239 | €508,861 | €357,327 | ▼ 29.8% |
| Current portion of amounts payable after more than one year42 | €73,968 | €61,958 | €59,411 | €60,657 | €38,194 | ▼ 37.0% |
| Financial debts43 | €222,752 | €223,614 | €163,247 | €154,400 | €155,103 | ▲ 0.5% |
| Credit institutions430/8 | €222,752 | €223,614 | €163,247 | €154,400 | €155,103 | ▲ 0.5% |
| Trade debts44 | €157,134 | €59,185 | €111,356 | €181,441 | €59,809 | ▼ 67.0% |
| Suppliers440/4 | €157,134 | €59,185 | €111,356 | €181,441 | €59,809 | ▼ 67.0% |
| Advances received on contracts in progress46 | €4,806 | €6,055 | €6,055 | €10,496 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €93,581 | €69,704 | €54,775 | €47,459 | €48,529 | ▲ 2.3% |
| Taxes450/3 | €33,318 | €17,290 | €10,112 | €16,819 | €10,734 | ▼ 36.2% |
| Remuneration and social security454/9 | €60,262 | €52,414 | €44,664 | €30,639 | €37,795 | ▲ 23.4% |
| Other amounts payable47/48 | €81,681 | €70,880 | €61,395 | €54,409 | €55,692 | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,845 | €48,255 | €65,470 | €40,423 | €37,991 | ▼ 6.0% |
| + Depreciation and write-downs630 | €69,292 | €64,394 | €66,401 | €39,987 | €41,061 | ▲ 2.7% |
| Operating cash flow (approximation) | €114,137 | €112,649 | €131,871 | €80,409 | €79,052 | ▼ 1.7% |
| Investment in fixed assets (approximation) | - | -€43,690 | -€55,658 | -€14,126 | €3,156 | ▲ 122% |
| Change in cash | - | -€56,965 | -€5,192 | €90,080 | -€38,291 | ▼ 143% |
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
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2019net €65,470 ▲35.7%
Operating result €107,897, net result €65,470, both a record.
30-09
Financial
Equity above €200,000Eq €227,471 ▲40.4%
5 profitable years in a row build equity to €227,471.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €150,000Eq €162,001 ▲42.4%
4 profitable years in a row build equity to €162,001.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €100,000Eq €113,746 ▲81.4%
3 profitable years in a row build equity to €113,746.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lier · 1 establishment unit since 2016
Ground area
4,346 m²
Building footprint
723 m²
Parcel 12393E0663/00S000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WATER TECHNICS
since 20162.255.979.181
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12393E0663/00S000 | Flanders | 4,346 m² | 1 · 723 m² | 0.1 m |
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.
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 2,727 EUR awarded · 2,727 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,920 EUR | 1,920 EUR |
| 2022 | 1 | 807 EUR | 807 EUR |
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Of 22,818 companies in this sector we hold annual accounts for 10,343. 7,542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded24-08-2016
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
25110Manufacture of metal structures and parts of structures
25210Manufacture of fabricated metal products, except machinery and equipment
28299Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
33110Repair and maintenance of fabricated metal products
33130Repair, maintenance and installation of machinery and equipment
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43212Electrical installation work in industrial facilities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43331Floor and wall tiling
43422Screed work
43990Other specialised construction activities
46150Agents in the wholesale of furniture, household goods and hardware
47523Retail trade
47540Retail sale of electrical household appliances
81220Other building cleaning and industrial cleaning
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
E-mail
info@water-technics.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0661670355
Registered
20-11-2020
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.