WATERCONSTRUCT
The computed 12-month bankruptcy probability of WATERCONSTRUCT is 2.5% (moderate). The 2024 annual accounts show equity of €63k and a net result of €15k. Equity is growing by ~42.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 11056 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €63k |
| Net result | €15k |
| Better than sector | 24% |
| Active | 4 yrs |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.4% | 40.9% | |
| Net result | €15k | €11k | |
| Equity | €63k | €34k | |
| Gross operating margin | €50k | €35k | |
| Staff costs | €2k | €25k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €47k |
| Net profit | €15k |
| Cash flow | €31k |
| Staff costs | €2k |
| Income taxes | €6k |
| Dividends | - |
| Total assets | €344k |
| Equity | €63k |
| Debt | €280k |
| of which ≤ 1y | €189k |
| of which > 1y | €91k |
| Working capital | €70k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.37 |
| Quick ratio | 0.97 |
| Working capital ratio | 20.4% |
| Solvency | 18.4% |
| Debt / equity | 4.42 |
| Long-term debt ratio | 1.43 |
| Interest coverage | 4.21 |
| Gross margin | - |
| Net margin | - |
| ROA | 4.4% |
| ROE | 24.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €344k |
| Fixed assets | 21/28 | €84k |
| Intangible fixed assets | 21 | €2 |
| Tangible fixed assets | 22/27 | €84k |
| Current assets | 29/58 | €260k |
| Stocks & contracts in progress | 3 | €77k |
| Amounts receivable within one year | 40/41 | €158k |
| Cash & bank | 54/58 | €25k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €344k |
| Equity | 10/15 | €63k |
| Contributions / capital | 10/11 | €40k |
| Accumulated profits (losses) | 14 | €23k |
| Amounts payable | 17/49 | €280k |
| Amounts payable after one year | 17 | €91k |
| Amounts payable within one year | 42/48 | €189k |
| Trade debts payable within one year | 44 | €42k |
| Income statement | ||
| Gross operating margin | 9900 | €50k |
| Operating result | 9901 | €31k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €11k |
| Result before taxes | 9903 | €21k |
| Income taxes | 67/77 | €6k |
| Net result for the period | 9904 | €15k |
| Result to be appropriated | 9905 | €15k |
-
Current15-12-2025 → present
-
Current28-03-2024 → present
Former directors (1)
-
Former- → 30-12-2023
| NACE primary | Specialised construction(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 09-12-2021 |
| Status | Active |
| Postal code | 9881 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44009B0411/00G000 | Flanders | 875 m² | 1 · 112 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
15-01-2026 2 directors appointed, 1 resigning
- Geldof Robin, Bestuurder
- Immesoete Gilles, Bestuurder
- Van Damme Yves, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Van Damme Yves",
"address": null,
"birth_date": null
},
"effective_date": "2023-12-30",
"evidence_quote": "De algemene vergadering heeft kennis genomen van het ontslag van bestuurder middels een schrijven: Dhr. Van Damme Yves, wonende te 8500 Kortrijk, Louis Verweestraat 4. Zijn mandaat nam een einde op 30 december 2023; De algemene vergadering aanvaardt dan ook het ontslag van de bestuurder. Er wordt he",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Geldof Robin",
"address": null,
"birth_date": null
},
"effective_date": "2024-03-28",
"evidence_quote": "De algemene vergadering beslist te benoemen als bestuurder: Dhr. Geldof Robin, wonende 9860 Landskouter, Aalmoezenijestraat 27. Zijn mandaat begon op 28 maart 2024:"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Immesoete Gilles",
"address": null,
"birth_date": null
},
"effective_date": "2025-12-15",
"evidence_quote": "De algemene vergadering beslist te benoemen als bestuurder: Dhr. Immesoete Gilles, wonende 9990 Knesselare (Aalter), Keistraat 3. Zijn mandaat begint op heden 15 december 2025:"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0778.413.716",
"name_full": "WATERCONSTRUCT",
"legal_form": "BV"
}
}07-05-2024 Registered office moved within Aalter
- Keistraat 1, 9910 Aalter → Stekelbeekstraat 40, 9881 Aalter
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Aalter",
"region": "Vlaams Gewest",
"street": "Stekelbeekstraat",
"country": "BE",
"postcode": "9881",
"box_number": null,
"street_number": "40"
},
"old_address": {
"city": "Aalter",
"region": null,
"street": "Keistraat",
"country": "BE",
"postcode": "9910",
"box_number": null,
"street_number": "1"
},
"effective_date": "2024-03-08",
"evidence_quote": "De maatschappelijke zetel wordt verplaatst naar het volgende adres: Stekelbeekstraat 40 9881 Aalter"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0778.413.716",
"name_full": "WATERCONSTRUCT",
"legal_form": "BV"
}
}13-12-2021 Incorporation of a new BV
Technical details
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"kind": "oprichting",
"seat": "9910 Aalter, Keistraat 1",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1990-03-23",
"name": "CALLANT Matthias Herman Rik",
"niss": null,
"address": "9910 Aalter, Keistraat 1"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 20000,
"holder_person_name": "CALLANT Matthias Herman Rik",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 20000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1966-10-22",
"name": "DECLERCQ Johan Danny",
"niss": null,
"address": "8750 Wingene, Zuiddreef 19"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
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"holder_person_name": "DECLERCQ Johan Danny",
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{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1969-06-19",
"name": "DESTOOP Edouard Sabine Eric Marie",
"niss": null,
"address": "8792 Waregem (Desselgem), Leemputstraat 16"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 5000,
"holder_person_name": "DESTOOP Edouard Sabine Eric Marie",
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"n_shares_subscribed": 25,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": null,
"name": "VDIC"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "VDIC",
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"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 40000,
"subject_company": {
"kbo": "0778.413.716",
"name_full": "WATERCONSTRUCT",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-12-08",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | WATERCONSTRUCT |