WATERPAS PROJECTS
The file of WATERPAS PROJECTS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.5% (very low). The 2022 annual accounts show equity of €162k and a net result of €-16k. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 62% of 336 sector peers (fiscal year 2022).
| Equity | €162k |
| Net result | €-16k |
| Better than sector | 62% |
| Active | 18 yrs |
Mixed profile: strong on stability, weaker on profitability.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.5% | 12.2% | |
| Net result | €-16k | €-2k | |
| Equity | €162k | €13k | |
| Gross operating margin | €-15k | €9k | |
| Total assets | €547k | €145k |
| Fiscal year | 2022 |
|---|---|
| Revenue | — |
| EBITDA | — |
| Net profit | €-16k |
| Cash flow | — |
| Staff costs | — |
| Income taxes | — |
| Dividends | — |
| Total assets | €547k |
| Equity | €162k |
| Debt | €386k |
| of which ≤ 1y | €386k |
| of which > 1y | — |
| Working capital | €162k |
| Employees (FTE) | — |
| 2022 | |
|---|---|
| Current ratio | 1.42 |
| Quick ratio | 1.18 |
| Working capital ratio | 29.5% |
| Solvency | 29.5% |
| Debt / equity | 2.39 |
| Long-term debt ratio | — |
| Interest coverage | — |
| Gross margin | — |
| Net margin | — |
| ROA | -2.9% |
| ROE | -10.0% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €547k |
| Current assets | 29/58 | €547k |
| Stocks & contracts in progress | 3 | €93k |
| Amounts receivable within one year | 40/41 | €455k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €547k |
| Equity | 10/15 | €162k |
| Contributions / capital | 10/11 | €1.00M |
| Accumulated profits (losses) | 14 | €-838k |
| Amounts payable | 17/49 | €386k |
| Amounts payable within one year | 42/48 | €386k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €-15k |
| Operating result | 9901 | €-16k |
| Result before taxes | 9903 | €-16k |
| Net result for the period | 9904 | €-16k |
| Result to be appropriated | 9905 | €-16k |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | FELIX RUYSSCHAERT PIEPELPOEL 13,
3700 TONGEREN |
05-03-2024 → present | Belgian State Gazette |
| Curator | MARK BERNA-
ERTS PIEPELPOEL 13, 3700 TONGEREN- |
05-03-2024 → present | Belgian State Gazette |
| Curator | STEFANIE GROSEMANS PIEPEL-
POEL 13, 3700 TONGEREN |
05-03-2024 → present | Belgian State Gazette |
| NACE primary | Real estate activities(68121) |
| Legal form | Public limited company(014) |
| Incorporation | 17-04-2008 |
| Status | Active |
| Postal code | 3740 |
| First BS signal | 11-03-2024 |
| Latest BS signal | 19-04-2024 |
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. |
|---|---|---|---|---|
| 73005B0217/00P005 | Flanders | 3,108 m² | 1 · 160 m² | 10.3 m · 3 fl. |
| 73006H0998/00M000 | Flanders | 346 m² | 1 · 75 m² | 13.3 m · 3 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | WATERPAS PROJECTS |