WATERCHAUFF
ActiveThe computed 12-month bankruptcy probability of WATERCHAUFF is 2.6% (moderate). The 2025 annual accounts show equity of €7k and a net result of €5k. Equity is shrinking by ~22.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 16% of 27559 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
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-19
Solvency38▼-62
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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 · 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27559 sector peers (2025).
NBB · sector comparisonPosition among 27559 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
32 d early
2023
6 d late
2022
142 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 83.9%
2024 · €45k
2022: €28k
2023: €24k
2024: €45k
2022 → 2025
Total assets
€54k▼ 0.7%
2024 · €55k
2022: €41k
2023: €40k
2024: €55k
2022 → 2025
Net result
€5k▼ 75.3%
2024 · €21k
2022: €25k
2023: €-4k
2024: €21k
2022 → 2025
Working capital
€-17k
2024 · €32k
2022: €21k
2023: €15k
2024: €32k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€28k-€24k▼ 15.9%€45k▲ 89.8%€7k▼ 83.9%
Operating result€32k-€-4k€28k€8k▼ 72.6%
Net result€25k-€-4k€21k€5k▼ 75.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€24k▲ 87.1%
Current assets
€31k▼ 27.2%
Equity and liabilities €54k
Equity
€7k▼ 83.9%
Debt
€47k▲ 381%
The debt ratio rises from 17.9% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €34k
Cash flow
€9k▼
2024 · €27k
Solvency
13.3%▼
2024 · 82.1%
Current ratio
0.65▼
2024 · 4.29
Quick ratio
0.60▼
2024 · 4.14
Debt / equity
6.52▲
2024 · 0.22
ROE
72.6%▲
2024 · 47.3%
ROA
9.7%▼
2024 · 38.8%
Interest coverage
33.07▼
2024 · 34.29
Debt
€47k▲
2024 · €10k
Debt ≤ 1 year
€47k▲
2024 · €10k
Income taxes
€2k▼
2024 · €6k
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€55k€54k▼
Fixed assets21/28€13k€24k▲
Tangible fixed assets22/27€13k€24k▲
Furniture and vehicles24€13k€24k▲
Current assets29/58€42k€31k▼
Stocks and contracts in progress3€1k€2k▲
Stocks30/36€1k€2k▲
Amounts receivable within one year40/41€14k€10k▼
Trade receivables40€10k€10k▲
Other amounts receivable41€4k-
Cash at bank and in hand54/58€26k€17k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€55k€54k▼
Equity10/15€45k€7k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€42k€4k▼
Amounts payable17/49€10k€47k▲
Amounts payable within one year42/48€10k€47k▲
Trade debts44€3k€514▼
Suppliers440/4€3k€514▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€9k▲
Other amounts payable47/48€832€37k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€2k€5k▲
Non-recurring operating charges66A-€423
Gross operating margin9900€36k€16k▼
Operating profit (loss)9901€28k€8k▼
Financial income75/76B€166€84▼
Recurring financial income75€166€84▼
Financial charges65/66B€989€337▼
Recurring financial charges65€989€337▼
Profit (loss) for the period before taxes9903€27k€7k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€21k€5k▼
Profit (loss) for the period to be appropriated9905€21k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€47k▲
Profit (loss) brought forward from the previous period14P€21k€42k▲
Profit to be distributed694/7-€43k
Return on contributions (dividend)694-€43k
The notes to these accounts (7 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.29
Current ratio from 1.95 to 4.29; short-term debt falls from €16k to €10k.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Weakest financial yearnet €-4k ▼118%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Charleroi · 1 establishment unit since 2021
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.
Rue de Couillet 56001 CharleroiGround area
141 m²
Building footprint
75 m²
Volume, LiDAR
744 m³
Parcel 52045A0595/00K007, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WATERCHAUFF
since 20212.327.342.774
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52045A0595/00K007 | Wallonia | 141 m² | 1 · 75 m² | 11.0 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.
Similar companies · same sector, comparable size
DELTA ENERGIE
BE 0777.851.512
Bernissart · Eq €7k
SERLET
BE 1004.671.857
Antwerpen · Eq €7k
M.M. Services
BE 0691.865.663
Sint-Pieters-Leeuw · Eq €7k
Marco Renovatie
BE 0791.237.314
Antwerpen · Eq €7k
G.MARTIN et FILS
BE 1013.125.408
Verviers · Eq €7k
Of 7,039 companies in sector 43221 we hold annual accounts for 3,469. 1,457 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
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.
Contact details
1 entryPhone:0493242424