WATERFRONT
ActiveWATERFRONT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €896k and a net result of €196k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 75% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▲+11
Solvency94▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.68 against 2.03 in 2024; short-term debt: 26% and cash: 22% of total assets), and 31.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.5%
Return on assets
15%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
4 d late
2023
30 d late
2022
28 d late
2021
31 d late
2020
90 d late
2019
112 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€196k▲ 19.9%
2024 · €164k
2018: €48k
2019: €149k
2020: €83k
2021: €4k
2022: €84k
2023: €196k
2024: €164k
2018 → 2025
Working capital
€912k▲ 30.9%
2024 · €696k
2018: €206k
2019: €219k
2020: €293k
2021: €386k
2022: €541k
2023: €584k
2024: €696k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€257k-€340k▲ 32.6%€536k▲ 57.5%€700k▲ 30.5%€896k▲ 28.0%
Operating result€10k-€115k▲ 1,103%€287k▲ 150%€240k▼ 16.3%€464k▲ 92.9%
Net result€4k-€84k▲ 1,833%€196k▲ 134%€164k▼ 16.5%€196k▲ 19.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 93% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.31M
Fixed assets
€56k▼ 1.3%
Current assets
€1.25M▼ 8.6%
Equity and liabilities €1.31M
Equity
€896k▲ 28.0%
Debt
€412k▼ 43.4%
The debt ratio falls from 51.0% to 31.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€482k▲
2024 · €247k
Cash flow
€215k▲
2024 · €170k
Solvency
68.5%▲
2024 · 49.0%
Current ratio
3.68▲
2024 · 2.03
Quick ratio
1.66▲
2024 · 1.08
Debt / equity
0.46▼
2024 · 1.04
ROE
21.9%▼
2024 · 23.4%
ROA
15.0%▲
2024 · 11.5%
Interest coverage
2.55▲
2024 · 1.82
Debt
€412k▼
2024 · €727k
Debt ≤ 1 year
€341k▼
2024 · €675k
Debt > 1 year
€15k▼
2024 · €18k
Income taxes
€74k▲
2024 · €65k
Staff costs
€285k▲
2024 · €165k
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€1.43M€1.31M▼
Fixed assets21/28€56k€56k▼
Intangible fixed assets21€1k€7k▲
Tangible fixed assets22/27€55k€49k▼
Plant, machinery and equipment23€55k€49k▼
Furniture and vehicles24€284€76▼
Current assets29/58€1.37M€1.25M▼
Stocks and contracts in progress3€641k€688k▲
Stocks30/36€641k€688k▲
Amounts receivable within one year40/41€469k€264k▼
Trade receivables40€444k€255k▼
Other amounts receivable41€25k€9k▼
Cash at bank and in hand54/58€254k€288k▲
Deferred charges and accrued income490/1€8k€12k▲
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.31M▼
Equity10/15€700k€896k▲
Contributions10/11€25k€25k=
Outside capital11€25k€25k=
Other1109/19€25k€25k=
Reserves13€675k€871k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€673k€869k▲
Profit (loss) carried forward14€182€182=
Amounts payable17/49€727k€412k▼
Amounts payable after more than one year17€18k€15k▼
Financial debts170/4€18k€15k▼
Amounts payable within one year42/48€675k€341k▼
Current portion of amounts payable after more than one year42€34k€5k▼
Trade debts44€485k€292k▼
Suppliers440/4€485k€292k▼
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€154k€44k▼
Taxes450/3€117k€15k▼
Remuneration and social security454/9€37k€29k▼
Accrued charges and deferred income492/3€35k€56k▲
Income statement
Code20242025
Remuneration, social security and pensions62€165k€285k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€19k▲
Other operating charges640/8€10k€28k▲
Gross operating margin9900€422k€795k▲
Operating profit (loss)9901€240k€464k▲
Financial income75/76B€124k€13k▼
Recurring financial income75€124k€13k▼
Financial charges65/66B€136k€206k▲
Recurring financial charges65€136k€189k▲
Non-recurring financial charges66B-€17k
Profit (loss) for the period before taxes9903€228k€271k▲
Income taxes67/77€65k€74k▲
Profit (loss) for the period9904€164k€196k▲
Profit (loss) for the period to be appropriated9905€164k€196k▲
Appropriation of the result
Profit (loss) to be appropriated9906€164k€196k▲
Profit (loss) brought forward from the previous period14P€182€182=
Transfer to equity691/2€164k€196k▲
To other reserves6921€164k€196k▲
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €196k ▲19.9%
Operating result €464k, net result €196k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €500kEq €536k ▲57.5%
6 profitable years in a row build equity to €536k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €4k ▼94.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
31-12
Financial
Equity above €200kEq €252k ▲48.9%
3 profitable years in a row build equity to €252k.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 112 days late
2019
31-12
Financial
Equity above €150kEq €170k ▲304%
2 profitable years in a row build equity to €170k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2018
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.
Antwerpsesteenweg 2112070 Beveren-Kruibeke-ZwijndrechtGround area
2.7 ha
Building footprint
1.5 ha
Volume, LiDAR
108,123 m³
Parcel 11011A0656/00G002, Flanders · tallest building 31.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waterfront
since 20182.273.060.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0656/00G002 | Flanders | 2.7 ha | 1 · 1.5 ha | 31.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 697 EUR awarded · 697 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 243 EUR | 243 EUR |
| 2023 | 1 | 454 EUR | 454 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 156 companies in sector 46836 we hold annual accounts for 113. 67 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2007
Fiscal year end31-12
Activities, NACEBEL
46836Wholesale trade
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@waterfront-be.com
Phone:033187464
Phone:0473115509