Waterprotec
ActiveSummary
Waterprotec has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,736 and a net result of -€277. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+50
Solvency48▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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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 →
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 2025Solvency, return and age of the figures
Solvency
22.9%
Return on assets
-0.9%
Age of the figures
15 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€277
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-12-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
1 d early
2023
50 d early
2022
on the day
2021
on the day
2020
2 d early
2019
17 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 18 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€6,736▼ 4.0%
2024 · €7,013
Total assets
€29,371▲ 10.9%
2024 · €26,493
Net result
-€277▲ 96.0%
2024 · -€7,008
Working capital
€7,334▼ 12.1%
2024 · €8,347
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,258▲ 87.8%-€2,391€1,099-€6,935€113
Net result€8,870within the sector's middle half▲ 82.3%-€2,912below the sector's middle half-€295below the sector's middle half▲ 89.9%-€7,008below the sector's middle half▼ 2,277%-€277below the sector's middle half▲ 96.0%
Equity€17,229below the sector's middle half▲ 106%€14,316below the sector's middle half▼ 16.9%€14,021below the sector's middle half▼ 2.1%€7,013below the sector's middle half▼ 50.0%€6,736below the sector's middle half▼ 4.0%
Total assets€20,752below the sector's middle half▲ 71.4%€37,460below the sector's middle half▲ 80.5%€40,019below the sector's middle half▲ 6.8%€26,493below the sector's middle half▼ 33.8%€29,371below the sector's middle half▲ 10.9%
Debt€3,523▼ 5.9%€23,143▲ 557%€25,998▲ 12.3%€19,479▼ 25.1%€22,635▲ 16.2%
Working capital€17,229within the sector's middle half▲ 106%€13,807within the sector's middle half▼ 19.9%€13,692within the sector's middle half▼ 0.8%€8,347within the sector's middle half▼ 39.0%€7,334within the sector's middle half▼ 12.1%
Solvency83.0%above the sector's middle half▲ 14.0pp38.2%within the sector's middle half▼ 44.8pp35.0%within the sector's middle half▼ 3.2pp26.5%within the sector's middle half▼ 8.6pp22.9%below the sector's middle half▼ 3.5pp
Current ratio5.89above the sector's middle half▲ 2.661.60within the sector's middle half▼ 4.291.53within the sector's middle half▼ 0.071.48within the sector's middle half▼ 0.051.34within the sector's middle half▼ 0.14
Return on assets (ROA)42.7%above the sector's middle half▲ 2.5pp-7.8%below the sector's middle half▼ 50.5pp-0.7%below the sector's middle half▲ 7.0pp-26.5%below the sector's middle half▼ 25.7pp-0.9%below the sector's middle half▲ 25.5pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €113 after a loss of €6,935 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29,371
Fixed assets
€392 ▼ 39.4%
Current assets
€28,980 ▲ 12.1%
Equity and liabilities €29,371
Equity
€6,736 ▼ 4.0%
Debt
€22,635 ▲ 16.2%
Debt's share of the balance-sheet total rises from 73.5% to 77.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€367▲
2024 · -€6,795
Cash flow
-€23▲
2024 · -€6,868
Quick ratio
1.28▲
2024 · 1.27
Debt to equity
3.36▲
2024 · 2.78
ROE
-4.1%▲
2024 · -99.9%
Interest coverage
3.88▲
2024 · -58.28
Debt ≤ 1 year
€21,645▲
2024 · €17,499
Income taxes
€686
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 2,165 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,501 | €877 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €180 | €140 | €254 | ▲ 81.4% |
| Other operating charges640/8 | - | €170 | €423 | €1,307 | €285 | ▼ 78.2% |
| Gross operating margin9900 | €9,377 | -€720 | €2,579 | -€5,488 | €652 | ▲ 112% |
| Operating profit (loss)9901 | €9,258 | -€2,391 | €1,099 | -€6,935 | €113 | ▲ 102% |
| Financial income75/76B | - | €0 | - | €44 | €390 | ▲ 794% |
| Recurring financial income75 | - | €0 | - | €44 | €390 | ▲ 794% |
| Financial charges65/66B | - | €63 | €70 | €117 | €95 | ▼ 18.8% |
| Recurring financial charges65 | €64 | €63 | €70 | €117 | €95 | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | €9,194 | -€2,454 | €1,029 | -€7,008 | €409 | ▲ 106% |
| Income taxes67/77 | €325 | €459 | €1,324 | - | €686 | - |
| Profit (loss) for the period9904 | €8,870 | -€2,912 | -€295 | -€7,008 | -€277 | ▲ 96.0% |
| Profit (loss) for the period to be appropriated9905 | €8,870 | -€2,912 | -€295 | -€7,008 | -€277 | ▲ 96.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,752 | €37,460 | €40,019 | €26,493 | €29,371 | ▲ 10.9% |
| Fixed assets21/28 | - | €509 | €329 | €646 | €392 | ▼ 39.4% |
| Tangible fixed assets22/27 | - | €509 | €329 | €646 | €392 | ▼ 39.4% |
| Plant, machinery and equipment23 | - | €509 | €329 | €646 | €392 | ▼ 39.4% |
| Furniture and vehicles24 | - | - | - | €0 | €0 | - |
| Current assets29/58 | €20,752 | €36,950 | €39,690 | €25,847 | €28,980 | ▲ 12.1% |
| Stocks and contracts in progress3 | €1,860 | €3,385 | €6,630 | €3,689 | €1,321 | ▼ 64.2% |
| Stocks30/36 | - | €3,385 | €6,630 | €3,689 | €1,321 | ▼ 64.2% |
| Amounts receivable within one year40/41 | €11,563 | €30,660 | €27,038 | €20,438 | €26,031 | ▲ 27.4% |
| Trade receivables40 | - | €21,887 | €16,648 | €12,567 | €18,337 | ▲ 45.9% |
| Other amounts receivable41 | - | €8,772 | €10,390 | €7,872 | €7,695 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €7,329 | €2,906 | €6,023 | €1,720 | €1,627 | ▼ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,752 | €37,460 | €40,019 | €26,493 | €29,371 | ▲ 10.9% |
| Equity10/15 | €17,229 | €14,316 | €14,021 | €7,013 | €6,736 | ▼ 4.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€1,371 | -€4,284 | -€4,579 | -€11,587 | -€11,864 | ▼ 2.4% |
| Amounts payable17/49 | €3,523 | €23,143 | €25,998 | €19,479 | €22,635 | ▲ 16.2% |
| Amounts payable within one year42/48 | €3,523 | €23,143 | €25,998 | €17,499 | €21,645 | ▲ 23.7% |
| Trade debts44 | €1,350 | €22,685 | €24,674 | €17,499 | €21,017 | ▲ 20.1% |
| Suppliers440/4 | - | €22,685 | €24,674 | €17,499 | €21,017 | ▲ 20.1% |
| Taxes, remuneration and social security45 | - | €459 | €1,324 | - | €628 | - |
| Taxes450/3 | - | €459 | €1,324 | - | €628 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,980 | €990 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,870 | -€2,912 | -€295 | -€7,008 | -€277 | ▲ 96.0% |
| + Depreciation and write-downs630 | - | - | €180 | €140 | €254 | ▲ 81.4% |
| Operating cash flow (approximation) | €8,870 | -€2,912 | -€115 | -€6,868 | -€23 | ▲ 99.7% |
| Investment in fixed assets (approximation) | - | - | €0 | -€457 | €0 | ▲ 100% |
| Change in cash | - | -€4,423 | €3,117 | -€4,303 | -€93 | ▲ 97.8% |
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
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€7,008
Net result drops to -€7,008, the lowest in the series; recovery starts the following year.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €8,870 ▲82.3%
Operating result €9,258, net result €8,870, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €4,866
Net result €4,866 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 3.23
Current ratio from 1.54 to 3.23; short-term debt falls from €6,518 to €3,745.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
30-01
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
7 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, Aalst · 1 establishment unit since 2007
Ground area
1,353 m²
Building footprint
865 m²
Volume, LiDAR
2,830 m³
Parcel 41302C0740/00W003, Flanders · tallest building 25.2 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Waterprotec
since 20072.162.580.950
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C0740/00W003 | Flanders | 1,353 m² | 1 · 865 m² | 25.2 m · 1 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.
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RENOVATIE ML
BE 0771.967.075
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BE 1008.864.237
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Of 7,302 companies in sector 43350 we hold annual accounts for 2,363. 1,193 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2007
Fiscal year end30-06
Activities, NACEBEL 2025
43350Other building finishing work
43421Specialised construction activities
64210Activities of holding companies
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889320249
Also
9925:BE0889320249
Registered
04-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.