WATERL'EAU
ActiveWATERL'EAU has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €30k. Equity is shrinking by ~23.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 33% of 10250 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
68
/ 100
Healthy▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency38▲+24
Growth58=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 0.99 in 2024), and 77.2% 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 · 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
22.8%
Return on assets
20.7%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
13 d early
2023
6 d early
2022
4 d early
2021
3 d early
2020
9 d early
2019
2 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€33k▲ 967%
2024 · €3k
2018: €48k
2019: €55k
2020: €59k
2021: €35k
2022: €15k
2023: €-29k
2024: €3k
2018 → 2025
Total assets
€145k▲ 133%
2024 · €62k
2018: €137k
2019: €189k
2020: €209k
2021: €87k
2022: €75k
2023: €32k
2024: €62k
2018 → 2025
Net result
€30k▼ 7.9%
2024 · €32k
2018: €17k
2019: €6k
2020: €4k
2021: €-24k
2022: €-19k
2023: €-45k
2024: €32k
2018 → 2025
Working capital
€30k
2024 · €-614
2018: €46k
2019: €37k
2020: €44k
2021: €25k
2022: €6k
2023: €-34k
2024: €-614
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€15k▼ 55.9%€-29k€3k€33k▲ 967%
Operating result€-20k-€-16k▲ 20.0%€-41k▼ 161%€37k€38k▲ 3.3%
Net result€-24k-€-19k▲ 20.3%€-45k▼ 131%€32k€30k▼ 7.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145k
Fixed assets
€3k▼ 14.3%
Current assets
€141k▲ 143%
Equity and liabilities €145k
Equity
€33k▲ 967%
Debt
€112k▲ 89.4%
The debt ratio falls from 95.0% to 77.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€38k▲
2024 · €38k
Cash flow
€30k▼
2024 · €33k
Solvency
22.8%▲
2024 · 5.0%
Current ratio
1.27▲
2024 · 0.99
Quick ratio
1.17▲
2024 · 0.69
Debt / equity
3.38▼
2024 · 19.05
ROE
90.6%
ROA
20.7%▼
2024 · 52.4%
Interest coverage
10.86▲
2024 · 9.45
Debt
€112k▲
2024 · €59k
Debt ≤ 1 year
€111k▲
2024 · €59k
Income taxes
€5k▲
2024 · €351
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€62k€145k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€538€0▼
Other tangible fixed assets26€3k€3k=
Current assets29/58€58k€141k▲
Stocks and contracts in progress3€17k€10k▼
Stocks30/36€17k€10k▼
Amounts receivable within one year40/41€4k€91k▲
Trade receivables40€2k€89k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€36k€38k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€62k€145k▲
Equity10/15€3k€33k▲
Contributions10/11€19k€19k=
Reserves13€40k€40k=
Tax-exempt reserves132€20k€20k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-56k€-26k▲
Amounts payable17/49€59k€112k▲
Amounts payable within one year42/48€59k€111k▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€27k€27k▼
Suppliers440/4€27k€27k▼
Advances received on contracts in progress46€11k€55k▲
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€14k€21k▲
Other amounts payable47/48€7k€8k▲
Accrued charges and deferred income492/3€63€99▲
Income statement
Code20242025
Non-recurring operating income76A€22k€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€905€538▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-758€3k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€39k€43k▲
Operating profit (loss)9901€37k€38k▲
Financial income75/76B€123€206▲
Recurring financial income75€123€206▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€33k€35k▲
Income taxes67/77€351€5k▲
Profit (loss) for the period9904€32k€30k▼
Profit (loss) for the period to be appropriated9905€32k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-26k▲
Profit (loss) brought forward from the previous period14P€-88k€-56k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €32k
Net result €32k after 3 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 1993
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.
Napoleonkaai 272000 AntwerpenGround area
4,448 m²
Building footprint
240 m²
Volume, LiDAR
4,436 m³
Parcel 11802B0045/00C005, Flanders · tallest building 21.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
WATERL'EAU
since 19932.061.468.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0045/00C005 | Flanders | 4,448 m² | 1 · 240 m² | 21.3 m · 7 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Ma.Dam
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ZIYAT
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SLDR CONCEPT
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Of 2,061 companies in sector 47750 we hold annual accounts for 511. 395 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-1993
Fiscal year end31-12
Activities, NACEBEL
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.