WATERGENIUS
ActiveSummary
WATERGENIUS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €1.4m. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 2097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency69▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.63 in 2024; short-term debt: 50% and cash: 35.6% of total assets), but 56.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
43.6%
Return on assets
27.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
3 d early
2023
16 d early
2022
43 d early
2021
42 d early
2020
47 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Diest, Construction sector#2 company by equity in Diest, Construction sector#7 employer in Flemish Brabant, Specialised construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.4m▼ 19.2%
2024 · €1.8m
Working capital
€1.6m▼ 20.6%
2024 · €2.0m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1.6m▲ 203%€1.3m▼ 17.3%€1.4m▲ 9.8%€2.5m▲ 74.3%€2.0m▼ 19.7%
Net result€1.2mabove the sector's middle half▲ 204%€947,850above the sector's middle half▼ 23.7%€1.0mabove the sector's middle half▲ 8.3%€1.8mabove the sector's middle half▲ 72.0%€1.4mabove the sector's middle half▼ 19.2%
Equity€1.3mabove the sector's middle half▲ 22.8%€1.5mabove the sector's middle half▲ 11.3%€2.5mabove the sector's middle half▲ 70.7%€2.2mabove the sector's middle half▼ 9.5%€2.3mabove the sector's middle half▲ 1.2%
Total assets€4.3mabove the sector's middle half▲ 36.8%€3.9mabove the sector's middle half▼ 10.0%€4.4mabove the sector's middle half▲ 12.9%€5.9mabove the sector's middle half▲ 34.0%€5.2mabove the sector's middle half▼ 10.9%
Debt€3.0m▲ 43.9%€2.4m▼ 19.3%€1.9m▼ 21.9%€3.6m▲ 91.1%€2.9m▼ 18.5%
Working capital€1.1mabove the sector's middle half▲ 24.4%€1.2mabove the sector's middle half▲ 11.6%€2.2mabove the sector's middle half▲ 88.8%€2.0mabove the sector's middle half▼ 9.9%€1.6mabove the sector's middle half▼ 20.6%
Solvency30.3%within the sector's middle half▼ 3.5pp37.5%within the sector's middle half▲ 7.2pp56.8%within the sector's middle half▲ 19.2pp38.3%within the sector's middle half▼ 18.4pp43.6%within the sector's middle half▲ 5.2pp
Current ratio1.44within the sector's middle half▼ 0.141.62within the sector's middle half▲ 0.182.55within the sector's middle half▲ 0.931.63within the sector's middle half▼ 0.921.61within the sector's middle half▼ 0.02
Return on assets (ROA)28.9%above the sector's middle half▲ 15.9pp24.5%above the sector's middle half▼ 4.4pp23.5%above the sector's middle half▼ 1.0pp30.2%above the sector's middle half▲ 6.7pp27.4%above the sector's middle half▼ 2.8pp
Staff (FTE)39.5above the sector's middle half▲ 10.3%43.1above the sector's middle half▲ 9.1%44.2above the sector's middle half▲ 2.6%47.7above the sector's middle half▲ 7.9%54above the sector's middle half▲ 13.2%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +72% on 2023. This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.2m
Fixed assets
€1.0m ▲ 50.7%
Current assets
€4.2m ▼ 19.0%
Equity and liabilities €5.2m
Equity
€2.3m ▲ 1.2%
Debt
€2.9m ▼ 18.5%
Debt's share of the balance-sheet total falls from 61.7% to 56.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.3m▼
2024 · €2.8m
Cash flow
€1.7m▼
2024 · €2.0m
Quick ratio
1.06▼
2024 · 1.12
Debt to equity
1.30▼
2024 · 1.61
ROE
62.8%▼
2024 · 78.7%
Interest coverage
24.19▲
2024 · 19.58
Debt ≤ 1 year
€2.6m▼
2024 · €3.2m
Debt > 1 year
€204,005▼
2024 · €360,356
Income taxes
€512,731▼
2024 · €622,904
Staff costs
€2.8m▼
2024 · €3.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €17,420 | €17,578 | €80,790 | €13,501 | ▼ 83.3% |
| Remuneration, social security and pensions62 | - | €1.9m | €2.1m | €3.8m | €2.8m | ▼ 24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €259,762 | €252,333 | €219,541 | €276,551 | €265,836 | ▼ 3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€11,564 | €4,125 | €626 | €135,201 | ▲ 21,497% |
| Other operating charges640/8 | - | €31,920 | €19,362 | €30,860 | €22,359 | ▼ 27.5% |
| Non-recurring operating charges66A | - | - | - | €77,808 | €0 | ▼ 100% |
| Gross operating margin9900 | €3.6m | €3.5m | €3.8m | €6.6m | €5.3m | ▼ 20.5% |
| Operating profit (loss)9901 | €1.6m | €1.3m | €1.4m | €2.5m | €2.0m | ▼ 19.7% |
| Financial income75/76B | - | €78,778 | €55,430 | €20,170 | €16,760 | ▼ 16.9% |
| Recurring financial income75 | €53,431 | €63,421 | €47,637 | €20,170 | €16,760 | ▼ 16.9% |
| Non-recurring financial income76B | - | €15,357 | €7,793 | €0 | - | - |
| Financial charges65/66B | - | €83,938 | €86,454 | €142,341 | €94,366 | ▼ 33.7% |
| Recurring financial charges65 | €73,280 | €83,938 | €86,454 | €142,341 | €94,366 | ▼ 33.7% |
| Profit (loss) for the period before taxes9903 | €1.6m | €1.3m | €1.4m | €2.4m | €1.9m | ▼ 18.8% |
| Income taxes67/77 | €353,515 | €358,954 | €382,492 | €622,904 | €512,731 | ▼ 17.7% |
| Profit (loss) for the period9904 | €1.2m | €947,850 | €1.0m | €1.8m | €1.4m | ▼ 19.2% |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €947,850 | €1.0m | €1.8m | €1.4m | ▼ 19.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €3.9m | €4.4m | €5.9m | €5.2m | ▼ 10.9% |
| Fixed assets21/28 | €844,208 | €802,593 | €715,692 | €676,086 | €1.0m | ▲ 50.7% |
| Intangible fixed assets21 | €7,554 | €3,822 | €90 | €0 | €157,643 | - |
| Tangible fixed assets22/27 | €827,639 | €789,756 | €702,386 | €663,988 | €847,103 | ▲ 27.6% |
| Land and buildings22 | - | €324,560 | €279,376 | €10,254 | €8,496 | ▼ 17.1% |
| Plant, machinery and equipment23 | - | €27,675 | €16,443 | €49,287 | €62,790 | ▲ 27.4% |
| Furniture and vehicles24 | - | €382,455 | €368,352 | €575,329 | €729,410 | ▲ 26.8% |
| Other tangible fixed assets26 | - | €55,066 | €38,215 | €29,118 | €46,406 | ▲ 59.4% |
| Financial fixed assets28 | €9,015 | €9,015 | €13,215 | €12,098 | €13,821 | ▲ 14.2% |
| Current assets29/58 | €3.5m | €3.1m | €3.7m | €5.2m | €4.2m | ▼ 19.0% |
| Stocks and contracts in progress3 | €696,759 | €949,765 | €1.3m | €1.6m | €1.4m | ▼ 12.0% |
| Stocks30/36 | - | €949,765 | €1.3m | €1.6m | €1.4m | ▼ 12.0% |
| Amounts receivable within one year40/41 | €717,258 | €558,986 | €851,176 | €690,930 | €744,159 | ▲ 7.7% |
| Trade receivables40 | - | €436,531 | €686,018 | €501,334 | €606,690 | ▲ 21.0% |
| Other amounts receivable41 | - | €122,454 | €165,157 | €189,596 | €137,469 | ▼ 27.5% |
| Cash at bank and in hand54/58 | €2.0m | €1.5m | €1.5m | €2.7m | €1.9m | ▼ 31.0% |
| Deferred charges and accrued income490/1 | - | €79,541 | €70,231 | €176,626 | €166,787 | ▼ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €3.9m | €4.4m | €5.9m | €5.2m | ▼ 10.9% |
| Equity10/15 | €1.3m | €1.5m | €2.5m | €2.2m | €2.3m | ▲ 1.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €1.2m | €1.4m | €2.4m | €2.2m | €2.2m | ▲ 1.2% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €1.4m | €2.4m | €2.2m | €2.2m | ▲ 1.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €3.0m | €2.4m | €1.9m | €3.6m | €2.9m | ▼ 18.5% |
| Amounts payable after more than one year17 | €593,222 | €523,264 | €438,936 | €360,356 | €204,005 | ▼ 43.4% |
| Financial debts170/4 | - | €523,264 | €438,936 | €360,356 | €204,005 | ▼ 43.4% |
| Amounts payable within one year42/48 | €2.4m | €1.9m | €1.4m | €3.2m | €2.6m | ▼ 18.0% |
| Current portion of amounts payable after more than one year42 | - | €203,718 | €196,465 | €186,912 | €156,351 | ▼ 16.4% |
| Financial debts43 | - | €267,633 | €395,992 | €71,873 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €267,633 | €395,992 | €71,873 | €0 | ▼ 100% |
| Trade debts44 | €459,258 | €442,442 | €595,256 | €550,623 | €623,770 | ▲ 13.3% |
| Suppliers440/4 | - | €442,442 | €595,256 | €550,623 | €623,770 | ▲ 13.3% |
| Taxes, remuneration and social security45 | - | €176,221 | €227,158 | €369,159 | €427,464 | ▲ 15.8% |
| Taxes450/3 | - | €61,613 | €69,136 | €62,163 | €98,300 | ▲ 58.1% |
| Remuneration and social security454/9 | - | €114,609 | €158,023 | €306,997 | €329,165 | ▲ 7.2% |
| Other amounts payable47/48 | - | €801,279 | €18,482 | €2.0m | €1.4m | ▼ 30.0% |
| Accrued charges and deferred income492/3 | - | €2,526 | €15,748 | €69,693 | €129,808 | ▲ 86.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €947,850 | €1.0m | €1.8m | €1.4m | ▼ 19.2% |
| + Depreciation and write-downs630 | €259,762 | €252,333 | €219,541 | €276,551 | €265,836 | ▼ 3.9% |
| Operating cash flow (approximation) | €1.5m | €1.2m | €1.2m | €2.0m | €1.7m | ▼ 17.1% |
| Investment in fixed assets (approximation) | - | -€210,718 | -€132,640 | -€236,945 | -€608,316 | ▼ 157% |
| Change in cash | - | -€492,142 | -€25,434 | €1.2m | -€833,173 | ▼ 167% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €1.8m ▲72%
Operating result €2.5m, net result €1.8m, both a record.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €2mEq €2.5m ▲70.7%
5 profitable years in a row build equity to €2.5m.
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €1mEq €1.1m ▲11.3%
2 profitable years in a row build equity to €1.1m.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Diest · 2 establishment units since 2002
Ground area
5,451 m²
Building footprint
2,017 m²
Volume, LiDAR
11,320 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
WATERGENIUS
since 20022.222.789.345
WATERGENIUS
since 20172.268.341.436
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73040B0270/00F000 | Flanders | 3,442 m² | 1 · 2,000 m² | 7.3 m · 2 fl. |
| 24097C0106/00G002 | Flanders | 2,009 m² | 1 · 17 m² | 3.3 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- HOUBEN BUSINESS GROUP
- WATERGENIUS
Highest known parent: HOUBEN BUSINESS GROUP. The sources do not say who stands above it.
Owners 1
-
99.46%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 · 1 entry · 5,788 EUR awarded · 5,788 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 5,788 EUR | 5,788 EUR |
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Company details
Identification
Legal formPublic limited company
Founded09-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
47521Retail sale of hardware, building materials, paint and glass (general range)
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451972686
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.