WATERDROPS
ActiveSummary
The computed 12-month bankruptcy probability of WATERDROPS is 2.6% (moderate). The 2024 annual accounts show negative equity (€-110k) and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability47▼-29
Solvency19=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.03 in 2023; short-term debt: 23.2% and cash: 0.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-5.7%
Return on assets
0.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
12 d late
2023
on the day
2022
4 d late
2021
61 d late
2020
13 d late
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-110k▲ 5.9%
2023 · €-117k
2018: €-2khighest in 7 years
2019: €-139k▼ -6464% vs 2018
2020: €-168k▼ -21.1% vs 2019
2021: €-316k▼ -87.5% vs 2020lowest in 7 years
2022: €-236k▲ +25.2% vs 2021
2023: €-117k▲ +50.6% vs 2022
2024: €-110k▲ +5.9% vs 2023
2018 → 2024
Total assets
€1.92M▼ 2.6%
2023 · €1.97M
2018: €1.26Mlowest in 7 years
2019: €1.84M▲ +45.8% vs 2018
2020: €1.97M▲ +7.1% vs 2019
2021: €2.07M▲ +5.2% vs 2020highest in 7 years
2022: €2.03M▼ -2.2% vs 2021
2023: €1.97M▼ -2.6% vs 2022
2024: €1.92M▼ -2.6% vs 2023
2018 → 2024
Net result
€7k▼ 94.2%
2023 · €119k
2018: €-13k
2019: €-137k▼ -947% vs 2018
2020: €-29k▲ +78.6% vs 2019
2021: €-147k▼ -403% vs 2020lowest in 7 years
2022: €80k▲ +154% vs 2021
2023: €119k▲ +49.9% vs 2022highest in 7 years
2024: €7k▼ -94.2% vs 2023
2018 → 2024
Working capital
€-432k▲ 1.0%
2023 · €-436k
2018: €-549k
2019: €-686k▼ -24.9% vs 2018
2020: €-715k▼ -4.3% vs 2019lowest in 7 years
2021: €-676k▲ +5.4% vs 2020
2022: €-554k▲ +18.1% vs 2021
2023: €-436k▲ +21.2% vs 2022
2024: €-432k▲ +1.0% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-168k-€-316k▼ 87.5%€-236k▲ 25.2%€-117k▲ 50.6%€-110k▲ 5.9%
2020: €-168k
2021: €-316k▼ -87.5% vs 2020lowest in 5 years
2022: €-236k▲ +25.2% vs 2021
2023: €-117k▲ +50.6% vs 2022
2024: €-110k▲ +5.9% vs 2023highest in 5 years
Operating result€-3k-€-117k▼ 3,477%€106k€145k▲ 36.9%€31k▼ 78.4%
2020: €-3k
2021: €-117k▼ -3477% vs 2020lowest in 5 years
2022: €106k▲ +190% vs 2021
2023: €145k▲ +36.9% vs 2022highest in 5 years
2024: €31k▼ -78.4% vs 2023
Net result€-29k-€-147k▼ 403%€80k€119k▲ 49.9%€7k▼ 94.2%
2020: €-29k
2021: €-147k▼ -403% vs 2020lowest in 5 years
2022: €80k▲ +154% vs 2021
2023: €119k▲ +49.9% vs 2022highest in 5 years
2024: €7k▼ -94.2% vs 2023
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 2024; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.92M
Fixed assets
€1.91M ▼ 2.6%
Current assets
€13k ▼ 2.8%
Key figures and ratios
EBITDA
€82k▼
2023 · €195k
Cash flow
€57k▼
2023 · €170k
Solvency
-5.7%▲
2023 · -5.9%
Current ratio
0.03▼
2023 · 0.03
Debt to equity
-18.20▼
2023 · -17.62
ROA
0.4%▼
2023 · 6.1%
Interest coverage
3.36▼
2023 · 7.77
Debt
€2.00M▼
2023 · €2.05M
Debt ≤ 1 year
€445k▼
2023 · €450k
Debt > 1 year
€1.55M▼
2023 · €1.60M
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.97M€1.92M▼
Fixed assets21/28€1.96M€1.91M▼
Tangible fixed assets22/27€1.96M€1.91M▼
Land and buildings22€1.94M€1.90M▼
Plant, machinery and equipment23€431€287▼
Furniture and vehicles24€20k€12k▼
Current assets29/58€13k€13k▼
Stocks and contracts in progress3€0€0=
Stocks30/36€0€0=
Amounts receivable within one year40/41€2k€2k▼
Trade receivables40€2k€2k▼
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€10k€10k▼
Deferred charges and accrued income490/1€828€953▲
Equity and liabilities
Total equity and liabilities10/49€1.97M€1.92M▼
Equity10/15€-117k€-110k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-135k€-128k▲
Provisions and deferred taxes16€36k€36k=
Deferred taxes168€36k€36k=
Amounts payable17/49€2.05M€2.00M▼
Amounts payable after more than one year17€1.60M€1.55M▼
Financial debts170/4€1.60M€1.55M▼
Amounts payable within one year42/48€450k€445k▼
Current portion of amounts payable after more than one year42€0€0=
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Other amounts payable47/48€445k€439k▼
Accrued charges and deferred income492/3€0€0=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€50k=
Other operating charges640/8€962€13k▲
Gross operating margin9900€196k€94k▼
Operating profit (loss)9901€145k€31k▼
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€25k€24k▼
Recurring financial charges65€25k€24k▼
Profit (loss) for the period before taxes9903€119k€7k▼
Profit (loss) for the period9904€119k€7k▼
Profit (loss) for the period to be appropriated9905€119k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-135k€-128k▲
Profit (loss) brought forward from the previous period14P€-255k€-135k▲
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €72k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €29k | €50k | €50k | €50k | = |
| Other operating charges640/8 | - | €125k | €1k | €962 | €13k | ▲ 1,210% |
| Gross operating margin9900 | €-2k | €37k | €157k | €196k | €94k | ▼ 51.9% |
| Operating profit (loss)9901 | €-3k | €-117k | €106k | €145k | €31k | ▼ 78.4% |
| Financial income75/76B | - | - | - | - | €11 | - |
| Recurring financial income75 | - | - | - | - | €11 | - |
| Financial charges65/66B | - | €30k | €26k | €25k | €24k | ▼ 3.3% |
| Recurring financial charges65 | €26k | €30k | €26k | €25k | €24k | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €-29k | €-147k | €80k | €119k | €7k | ▼ 94.2% |
| Profit (loss) for the period9904 | €-29k | €-147k | €80k | €119k | €7k | ▼ 94.2% |
| Profit (loss) for the period to be appropriated9905 | €-29k | €-147k | €80k | €119k | €7k | ▼ 94.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.97M | €2.07M | €2.03M | €1.97M | €1.92M | ▼ 2.6% |
| Fixed assets21/28 | €547k | €2.05M | €2.01M | €1.96M | €1.91M | ▼ 2.6% |
| Tangible fixed assets22/27 | - | €2.05M | €2.01M | €1.96M | €1.91M | ▼ 2.6% |
| Land and buildings22 | - | €2.02M | €1.98M | €1.94M | €1.90M | ▼ 2.2% |
| Plant, machinery and equipment23 | - | €719 | €575 | €431 | €287 | ▼ 33.4% |
| Furniture and vehicles24 | - | €36k | €28k | €20k | €12k | ▼ 41.5% |
| Financial fixed assets28 | €547k | - | - | - | - | - |
| Current assets29/58 | €1.42M | €19k | €16k | €13k | €13k | ▼ 2.8% |
| Stocks and contracts in progress3 | €1.39M | - | - | €0 | €0 | - |
| Stocks30/36 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €21k | €9k | €8k | €2k | €2k | ▼ 13.3% |
| Trade receivables40 | - | €9k | €3k | €2k | €2k | ▼ 13.3% |
| Other amounts receivable41 | - | - | €5k | €0 | €0 | - |
| Cash at bank and in hand54/58 | €10k | €10k | €7k | €10k | €10k | ▼ 2.0% |
| Deferred charges and accrued income490/1 | - | €345 | €374 | €828 | €953 | ▲ 15.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.97M | €2.07M | €2.03M | €1.97M | €1.92M | ▼ 2.6% |
| Equity10/15 | €-168k | €-316k | €-236k | €-117k | €-110k | ▲ 5.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-187k | €-334k | €-255k | €-135k | €-128k | ▲ 5.1% |
| Provisions and deferred taxes16 | - | €36k | €36k | €36k | €36k | = |
| Deferred taxes168 | - | €36k | €36k | €36k | €36k | = |
| Amounts payable17/49 | €2.14M | €2.35M | €2.23M | €2.05M | €2.00M | ▼ 2.8% |
| Amounts payable after more than one year17 | - | €1.66M | €1.66M | €1.60M | €1.55M | ▼ 3.3% |
| Financial debts170/4 | - | €1.66M | €1.66M | €1.60M | €1.55M | ▼ 3.3% |
| Amounts payable within one year42/48 | €2.14M | €695k | €570k | €450k | €445k | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €52k | - | €0 | €0 | - |
| Trade debts44 | €142k | €129k | €120k | €5k | €6k | ▲ 30.4% |
| Suppliers440/4 | - | €129k | €120k | €5k | €6k | ▲ 30.4% |
| Other amounts payable47/48 | - | €515k | €450k | €445k | €439k | ▼ 1.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €0 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-29k | €-147k | €80k | €119k | €7k | ▼ 94.2% |
| + Depreciation and write-downs630 | - | €29k | €50k | €50k | €50k | = |
| Operating cash flow (approximation) | €-29k | €-118k | €130k | €170k | €57k | ▼ 66.3% |
| Investment in fixed assets (approximation) | - | €-1.54M | €-8k | €0 | €0 | - |
| Change in cash | - | €-479 | €-3k | €3k | €-202 | ▼ 107% |
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
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €119k ▲49.9%
Operating result €145k, net result €119k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Back to profitnet €80k
Net result €80k after 4 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet €-147k
Net result drops to €-147k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Brussel
Ground area
1,231 m²
Building footprint
723 m²
Volume, LiDAR
12,218 m³
Parcel 21812N0562/00K000, Brussels · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0562/00K000 | Brussels | 1,230 m² | 1 · 723 m² | 21.1 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded18-11-2015
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.