WATERACKER
ActiveSummary
WATERACKER has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €12k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76=
Solvency68▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.02 in 2024; short-term debt: 57.1% and cash: 1.3% of total assets), and 57.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
42.9%
Return on assets
5.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €99k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
29 d late
2023
5 d early
2022
29 d late
2021
31 d late
2020
2 d early
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€99k▲ 14.4%
2024 · €86k
2018: €148k
2019: €149k▲ +0.8% vs 2018
2020: €158k▲ +5.8% vs 2019
2021: €168k▲ +6.3% vs 2020
2022: €180k▲ +7.4% vs 2021highest in 8 years
2023: €73k▼ -59.6% vs 2022lowest in 8 years
2024: €86k▲ +18.5% vs 2023
2025: €99k▲ +14.4% vs 2024
2018 → 2025
Total assets
€230k▼ 3.0%
2024 · €237k
2018: €359khighest in 8 years
2019: €326k▼ -9.4% vs 2018
2020: €307k▼ -5.8% vs 2019
2021: €287k▼ -6.4% vs 2020
2022: €276k▼ -3.7% vs 2021
2023: €255k▼ -7.6% vs 2022
2024: €237k▼ -7.0% vs 2023
2025: €230k▼ -3.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€12k▼ 7.4%
2024 · €13k
2018: €849lowest in 8 years
2019: €1k▲ +38.5% vs 2018
2020: €9k▲ +634% vs 2019
2021: €10k▲ +15.9% vs 2020
2022: €12k▲ +24.8% vs 2021
2023: €16k▲ +28.6% vs 2022highest in 8 years
2024: €13k▼ -16.3% vs 2023
2025: €12k▼ -7.4% vs 2024
2018 → 2025
Working capital
€-123k▲ 17.5%
2024 · €-148k
2018: €-123k
2019: €-153k▼ -24.2% vs 2018
2020: €-131k▲ +14.5% vs 2019
2021: €-107k▲ +18.0% vs 2020
2022: €-81k▲ +24.2% vs 2021highest in 8 years
2023: €-175k▼ -116% vs 2022lowest in 8 years
2024: €-148k▲ +15.3% vs 2023
2025: €-123k▲ +17.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€168k-€180k▲ 7.4%€73k▼ 59.6%€86k▲ 18.5%€99k▲ 14.4%
2021: €168k
2022: €180k▲ +7.4% vs 2021highest in 5 years
2023: €73k▼ -59.6% vs 2022lowest in 5 years
2024: €86k▲ +18.5% vs 2023
2025: €99k▲ +14.4% vs 2024
Operating result€16k-€19k▲ 18.0%€24k▲ 28.7%€20k▼ 15.4%€19k▼ 7.9%
2021: €16klowest in 5 years
2022: €19k▲ +18.0% vs 2021
2023: €24k▲ +28.7% vs 2022highest in 5 years
2024: €20k▼ -15.4% vs 2023
2025: €19k▼ -7.9% vs 2024
Net result€10k-€12k▲ 24.8%€16k▲ 28.6%€13k▼ 16.3%€12k▼ 7.4%
2021: €10klowest in 5 years
2022: €12k▲ +24.8% vs 2021
2023: €16k▲ +28.6% vs 2022highest in 5 years
2024: €13k▼ -16.3% vs 2023
2025: €12k▼ -7.4% vs 2024
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 has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230k
Fixed assets
€221k ▼ 5.7%
Current assets
€9k ▲ 244%
Equity and liabilities €230k
Equity
€99k ▲ 14.4%
Debt
€131k ▼ 13.0%
Debt's share of the balance-sheet total falls from 63.6% to 57.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▼
2024 · €34k
Cash flow
€26k▼
2024 · €27k
Current ratio
0.07▲
2024 · 0.02
Debt to equity
1.33▼
2024 · 1.75
ROE
12.6%▼
2024 · 15.6%
ROA
5.4%▼
2024 · 5.7%
Interest coverage
88.17▼
2024 · 102.31
Debt ≤ 1 year
€131k▼
2024 · €151k
Income taxes
€6k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€237k€230k▼
Fixed assets21/28€235k€221k▼
Tangible fixed assets22/27€235k€221k▼
Land and buildings22€235k€221k▼
Current assets29/58€3k€9k▲
Amounts receivable within one year40/41€2k€6k▲
Trade receivables40€978€4k▲
Other amounts receivable41€722€2k▲
Cash at bank and in hand54/58€896€3k▲
Equity and liabilities
Total equity and liabilities10/49€237k€230k▼
Equity10/15€86k€99k▲
Contributions10/11€20k€20k=
Reserves13€65k€78k▲
Distributable reserves133€65k€78k▲
Profit (loss) carried forward14€1k€1k=
Amounts payable17/49€151k€131k▼
Amounts payable within one year42/48€151k€131k▼
Financial debts43€4k€4k▼
Credit institutions430/8€4k€4k▼
Trade debts44€616€4k▲
Suppliers440/4€616€4k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€143k€121k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€4k€4k▼
Gross operating margin9900€37k€36k▼
Operating profit (loss)9901€20k€19k▼
Financial income75/76B-€50
Recurring financial income75-€50
Financial charges65/66B€329€363▲
Recurring financial charges65€329€363▲
Profit (loss) for the period before taxes9903€20k€18k▼
Income taxes67/77€6k€6k▼
Profit (loss) for the period9904€13k€12k▼
Profit (loss) for the period to be appropriated9905€13k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€14k▼
Profit (loss) brought forward from the previous period14P€1k€1k=
Transfer from equity791/2€0-
Transfer to equity691/2€13k€12k▼
To other reserves6921€13k€12k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €13k | €13k | €13k | = |
| Other operating charges640/8 | €4k | €3k | €3k | €4k | €4k | ▼ 1.1% |
| Gross operating margin9900 | €33k | €35k | €41k | €37k | €36k | ▼ 4.4% |
| Operating profit (loss)9901 | €16k | €19k | €24k | €20k | €19k | ▼ 7.9% |
| Financial income75/76B | €4 | €69 | €0 | - | €50 | - |
| Recurring financial income75 | €4 | €69 | €0 | - | €50 | - |
| Financial charges65/66B | €212 | €257 | €268 | €329 | €363 | ▲ 10.6% |
| Recurring financial charges65 | €212 | €257 | €268 | €329 | €363 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | €15k | €18k | €24k | €20k | €18k | ▼ 7.9% |
| Income taxes67/77 | €5k | €6k | €8k | €6k | €6k | ▼ 9.1% |
| Profit (loss) for the period9904 | €10k | €12k | €16k | €13k | €12k | ▼ 7.4% |
| Profit (loss) for the period to be appropriated9905 | €10k | €12k | €16k | €13k | €12k | ▼ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €287k | €276k | €255k | €237k | €230k | ▼ 3.0% |
| Fixed assets21/28 | €275k | €262k | €248k | €235k | €221k | ▼ 5.7% |
| Tangible fixed assets22/27 | €275k | €262k | €248k | €235k | €221k | ▼ 5.7% |
| Land and buildings22 | €275k | €262k | €248k | €235k | €221k | ▼ 5.7% |
| Current assets29/58 | €12k | €15k | €7k | €3k | €9k | ▲ 244% |
| Amounts receivable within one year40/41 | €8k | €6k | €3k | €2k | €6k | ▲ 250% |
| Trade receivables40 | €2k | €1k | €629 | €978 | €4k | ▲ 308% |
| Other amounts receivable41 | €6k | €4k | €2k | €722 | €2k | ▲ 171% |
| Cash at bank and in hand54/58 | €3k | €9k | €5k | €896 | €3k | ▲ 233% |
| Deferred charges and accrued income490/1 | €481 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €287k | €276k | €255k | €237k | €230k | ▼ 3.0% |
| Equity10/15 | €168k | €180k | €73k | €86k | €99k | ▲ 14.4% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €147k | €159k | €52k | €65k | €78k | ▲ 19.1% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €145k | €157k | €52k | €65k | €78k | ▲ 19.1% |
| Profit (loss) carried forward14 | €1k | €1k | €1k | €1k | €1k | = |
| Amounts payable17/49 | €119k | €96k | €182k | €151k | €131k | ▼ 13.0% |
| Amounts payable within one year42/48 | €119k | €96k | €182k | €151k | €131k | ▼ 13.0% |
| Financial debts43 | - | €104 | €0 | €4k | €4k | ▼ 19.8% |
| Credit institutions430/8 | - | €104 | €0 | €4k | €4k | ▼ 19.8% |
| Trade debts44 | €4k | €4k | €782 | €616 | €4k | ▲ 479% |
| Suppliers440/4 | €4k | €4k | €782 | €616 | €4k | ▲ 479% |
| Taxes, remuneration and social security45 | €5k | €7k | €4k | €4k | €3k | ▼ 11.3% |
| Taxes450/3 | €5k | €7k | €4k | €4k | €3k | ▼ 11.3% |
| Other amounts payable47/48 | €110k | €85k | €178k | €143k | €121k | ▼ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €12k | €16k | €13k | €12k | ▼ 7.4% |
| + Depreciation and write-downs630 | €13k | €13k | €13k | €13k | €13k | = |
| Operating cash flow (approximation) | €23k | €26k | €30k | €27k | €26k | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6k | €-5k | €-4k | €2k | ▲ 157% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €16k ▲28.6%
Operating result €24k, net result €16k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €158k ▲5.8%
3 profitable years in a row build equity to €158k.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
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
3 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, Knokke-Heist · 1 establishment unit since 2005
Ground area
1,018 m²
Building footprint
196 m²
Volume, LiDAR
3,376 m³
Parcel 31334B0768/00B000, Flanders · tallest building 21.4 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Zoutelaan 14, 8300 Knokke-Heist
since 20052.150.555.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0768/00B000 | Flanders | 1,018 m² | 1 · 196 m² | 21.4 m · 6 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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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,190 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.
Business parks
1 parkOffers a parcel on business park:'t Walletje