Waterbelgium
ActiveThe computed 12-month bankruptcy probability of Waterbelgium is 2.7% (moderate). The 2025 annual accounts show equity of €33k and a net result of €-3k. Its solvency ranks better than 18% of 27451 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▼-83
Solvency41▼-10
Growth32
Track record82
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 1.7 against 1.19 in 2024; short-term debt: 53.2% and cash: 14.4% of total assets), but 84.4% 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.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
15.6%
Return on assets
-1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
15 d early
2024
28 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▼ 9.3%
2024 · €37k
2024: €37k
2024 → 2025
Total assets
€213k▲ 48.4%
2024 · €144k
2024: €144k
2024 → 2025
Net result
€-3k
2024 · €71k
2024: €71k
2024 → 2025
Working capital
€79k▲ 297%
2024 · €20k
2024: €20k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€37k-€33k▼ 9.3%
Operating result€78k-€-3k
Net result€71k-€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €78k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€21k▲ 23.3%
Current assets
€193k▲ 51.7%
Equity and liabilities €213k
Equity
€33k▼ 9.3%
Debt
€180k▲ 68.2%
The debt ratio rises from 74.5% to 84.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2024 · €79k
Cash flow
€-2k▼
2024 · €71k
Solvency
15.6%▼
2024 · 25.5%
Current ratio
1.70▲
2024 · 1.19
Quick ratio
1.70▲
2024 · 1.19
Debt / equity
5.41▲
2024 · 2.92
ROE
-10.2%▼
2024 · 192.7%
ROA
-1.6%▼
2024 · 49.2%
Interest coverage
-4.43▼
2024 · 192.14
Debt
€180k▲
2024 · €107k
Debt ≤ 1 year
€113k▲
2024 · €107k
Income taxes
€114▼
2024 · €9k
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€144k€213k▲
Fixed assets21/28€17k€21k▲
Intangible fixed assets21€1k€758▼
Tangible fixed assets22/27€877€6k▲
Plant, machinery and equipment23€877€698▼
Furniture and vehicles24-€4k
Other tangible fixed assets26-€1k
Financial fixed assets28€15k€14k▼
Current assets29/58€127k€193k▲
Amounts receivable within one year40/41€92k€162k▲
Trade receivables40€92k€162k▲
Cash at bank and in hand54/58€26k€31k▲
Deferred charges and accrued income490/1€9k-
Equity and liabilities
Total equity and liabilities10/49€144k€213k▲
Equity10/15€37k€33k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€31k€27k▼
Amounts payable17/49€107k€180k▲
Amounts payable within one year42/48€107k€113k▲
Trade debts44€50k€96k▲
Suppliers440/4€50k€96k▲
Taxes, remuneration and social security45€11k€13k▲
Taxes450/3€11k€13k▲
Other amounts payable47/48€45k€5k▼
Accrued charges and deferred income492/3-€67k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€371€1k▲
Other operating charges640/8€962€580▼
Gross operating margin9900€80k€-1k▼
Operating profit (loss)9901€78k€-3k▼
Financial income75/76B€1k€100▼
Recurring financial income75€1k€100▼
Financial charges65/66B€410€413▲
Recurring financial charges65€410€413▲
Profit (loss) for the period before taxes9903€79k€-3k▼
Income taxes67/77€9k€114▼
Profit (loss) for the period9904€71k€-3k▼
Profit (loss) for the period to be appropriated9905€71k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€27k▼
Profit (loss) brought forward from the previous period14P-€31k
Profit to be distributed694/7€40k-
Directors or managers695€40k-
The notes to these accounts (10 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
08-09
State Gazette act
Registered office · PurposeGeneral meeting · Name change · Purpose change4 facts ▸
State Gazette act
Registered office · Purpose
General meeting · Name change · Purpose change4 facts ▸
- General meeting, 2026-09-04
- Name change, Waterbelgium
- Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: a. Water…
- Registered-office move, Ikaroslaan 1, 1930 Zaventem
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
State Gazette actNBB filing
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2023
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.
Ikaroslaan 11930 ZaventemGround area
9,383 m²
Building footprint
1,686 m²
Volume, LiDAR
6,302 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SUNBELGIUM
since 20232.349.843.014
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0101/00B000 | Flanders | 5,421 m² | 1 · 499 m² | - |
| 23094D0045/00X003 | Flanders | 3,962 m² | 1 · 1,186 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Y B Technologies
BE 0788.589.412
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MIL-TECH
BE 1008.090.811
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M.L. CONSTRUCT
BE 0689.959.911
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2023
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
46643Wholesale of electrical equipment, including installation materials
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.