Watercrest
The computed 12-month bankruptcy probability of Watercrest is 0.6% (low). The 2024 annual accounts show equity of €24.11M and a net result of €8k. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €24.11M |
| Net result | €8k |
| Active | 18 yrs |
| Locations | 1 |
Strong profile, led by solvency.
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).
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-22k |
| Net profit | €8k |
| Cash flow | €8k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €25.23M |
| Equity | €24.11M |
| Debt | €1.12M |
| of which ≤ 1y | €1.12M |
| of which > 1y | - |
| Working capital | €8.40M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 8.48 |
| Quick ratio | 8.48 |
| Working capital ratio | 33.3% |
| Solvency | 95.5% |
| Debt / equity | 0.05 |
| Long-term debt ratio | - |
| Interest coverage | -0.09 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.0% |
| ROE | 0.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €25.23M |
| Fixed assets | 21/28 | €15.71M |
| Formation expenses | 20 | €3k |
| Financial fixed assets | 28 | €15.71M |
| Current assets | 29/58 | €9.52M |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €25.23M |
| Equity | 10/15 | €24.11M |
| Contributions / capital | 10/11 | €19.20M |
| Reserves | 13 | €261k |
| Accumulated profits (losses) | 14 | €4.65M |
| Amounts payable | 17/49 | €1.12M |
| Amounts payable within one year | 42/48 | €1.12M |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €-22k |
| Operating result | 9901 | €-23k |
| Financial income | 75 | €275k |
| Financial charges | 65 | €242k |
| Result before taxes | 9903 | €11k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €8k |
| Result to be appropriated | 9905 | €8k |
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 31-12-2007 |
| Status | Active |
| Postal code | 2170 |
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. |
|---|---|---|---|---|
| 11422C0303/00S009 | Flanders | 93 m² | 1 · 93 m² | 10.5 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-05-2025 DHR STEVEN DE HERDT appointed as director
- DHR STEVEN DE HERDT, Bestuurder
Technical details
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}17-01-2024 All shares are now held by a single shareholder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Watercrest |