WATERSIDE (0478.233.655), Inactive: annual accounts and directors

WATERSIDE

KBO/BCE: BE 0478.233.655

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	26.3m	13.3m	13.6m	15.4m	17.6m	19.8m	20.5m	20.3m	20.4m	20.6m	20.9m	21.3m	10.0m	8.3m	8.3m	9.4m	9.6m	9.3m
Fixed assets`21/28`	-	12.7m	13.0m	13.2m	13.5m	18.3m	18.5m	18.8m	19.0m	19.3m	19.6m	19.8m	6.2m	6.2m	6.2m	6.2m	6.2m	6.4m
Tangible fixed assets`22/27`	-	12.7m	13.0m	13.2m	13.5m	13.8m	14.0m	14.3m	14.5m	14.8m	15.1m	15.3m	6.2m	6.2m	6.2m	6.2m	6.2m	6.2m
Land and buildings`22`	-	12.7m	13.0m	13.2m	13.5m	13.8m	14.0m	14.3m	14.5m	14.8m	15.1m	15.3m	5.2m	5.2m	5.2m	5.2m	5.2m	5.2m
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	-	1.0m	1.0m	1.0m	1.0m	1.0m	1.0m
Assets under construction and advance payments`27`	-	-	-	6,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	-	-	-	-	-	4.5m	4.5m	4.5m	4.5m	4.5m	4.5m	4.5m	-	-	-	-	-	144,900
Companies linked by participating interests`282/3`	-	-	-	-	-	4.5m	4.5m	-	4.5m	4.5m	4.5m	4.5m	-	-	-	-	-	-
Participating interests`282`	-	-	-	-	-	4.5m	4.5m	-	4.5m	4.5m	4.5m	4.5m	-	-	-	-	-	-
Current assets`29/58`	26.3m	581,086	592,649	2.1m	4.1m	1.5m	2.0m	1.5m	1.4m	1.3m	1.3m	1.5m	3.7m	2.0m	2.1m	3.2m	3.4m	2.9m
Amounts receivable within one year`40/41`	82	8,481	-	90,092	451,799	-	127	334,279	106,337	92,903	92,903	6,050	3.7m	2.0m	2.1m	2.0m	1.7m	96,561
Trade receivables`40`	-	8,399	-	90,092	451,799	-	127	334,279	106,337	92,763	92,763	3,750	-	-	-	-	-	53,557
Other amounts receivable`41`	82	82	-	-	-	-	-	-	-	140	140	2,300	3.7m	2.0m	2.1m	2.0m	1.7m	43,004
Current investments`50/53`	-	-	-	-	-	-	1	1	1	1	-	-	-	-	-	-	-	-
Other investments`51/53`	-	-	-	-	-	-	1	-	1	1	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	26.3m	526,594	568,021	1.7m	3.6m	1.4m	1.9m	1.0m	1.1m	973,961	903,253	1.2m	-	371	668	1.1m	1.7m	11,391
Deferred charges and accrued income`490/1`	-	46,010	24,628	312,981	40,765	83,302	125,839	168,376	212,294	258,145	308,457	357,166	14,638	51,102	21,266	25,949	33,138	2.8m
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	26.3m	13.3m	13.6m	15.4m	17.6m	19.8m	20.5m	20.3m	20.4m	20.6m	20.9m	21.3m	10.0m	8.3m	8.3m	9.4m	9.6m	9.3m
Equity`10/15`	9.3m	-2.0m	-535,838	1.1m	435,702	79,782	72,939	257,353	-29,284	-269,897	-436,088	-641,563	-286,473	-340,056	1.3m	2.9m	2.3m	1.5m
Contributions`10/11`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500
Capital`10`	61,500	61,500	61,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500
Reserves`13`	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150
Non-distributable reserves`130/1`	6,150	6,150	6,150	6,150	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150
Profit (loss) carried forward`14`	9.2m	-2.1m	-603,488	994,506	368,052	12,132	5,289	189,703	-96,934	-337,547	-503,738	-709,213	-354,123	-407,706	1.2m	2.8m	2.2m	1.5m
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	-	-	-	-
Other liabilities and charges`164/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	-	-	-	-
Amounts payable`17/49`	17.1m	15.3m	14.1m	14.3m	17.2m	19.7m	20.4m	20.1m	20.5m	20.9m	21.3m	22.0m	10.3m	8.5m	7.0m	6.6m	7.4m	7.7m
Amounts payable after more than one year`17`	11.7m	11.7m	11.7m	12.1m	12.5m	17.5m	17.9m	18.3m	18.7m	19.1m	19.6m	20.0m	-	-	2.6m	3.5m	4.3m	5.1m
Financial debts`170/4`	11.7m	11.7m	11.7m	12.1m	12.5m	17.5m	17.9m	18.3m	18.7m	19.1m	19.6m	20.0m	-	-	2.6m	3.5m	4.3m	5.1m
Subordinated loans`170`	11.2m	11.2m	11.2m	11.2m	11.2m	11.2m	11.2m	-	11.2m	11.2m	11.2m	11.2m	-	-	-	-	-	-
Credit institutions`173`	-	-	-	420,000	840,000	1.3m	1.7m	-	2.5m	2.9m	3.4m	3.8m	-	-	-	-	-	-
Other loans`174`	500,000	500,000	500,000	500,000	500,000	5.0m	5.0m	-	5.0m	5.0m	5.0m	5.0m	-	-	2.6m	3.5m	4.3m	-
Amounts payable within one year`42/48`	4.6m	2.9m	1.7m	991,594	3.4m	904,095	1.2m	420,068	421,152	420,413	420,413	462,321	8.2m	6.9m	3.3m	2.3m	2.7m	2.6m
Current portion of amounts payable after more than one year`42`	-	-	420,000	420,000	420,000	420,000	420,000	420,000	420,000	420,000	420,000	420,000	5.9m	2.6m	840,000	840,000	-	760,000
Financial debts`43`	2.0m	840,000	-	-	-	-	-	-	-	-	-	-	46	13	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	46	13	-	-	-	-
Other loans`439`	2.0m	840,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	280,073	2.1m	1.3m	569,714	8,471	4,095	4,346	68	1,152	413	413	42,321	2.0m	2.0m	1.3m	148,663	20,302	524,267
Suppliers`440/4`	280,073	2.1m	1.3m	569,714	8,471	4,095	4,346	68	1,152	413	413	42,321	2.0m	2.0m	1.3m	148,663	20,302	524,267
Taxes, remuneration and social security`45`	20,571	1,458	1,049	1,880	748	-	-	-	-	-	-	-	347,688	319,382	303,674	693,313	1.3m	910,893
Taxes`450/3`	20,571	1,458	1,049	1,880	748	-	-	-	-	-	-	-	347,688	319,382	303,674	693,313	1.3m	910,893
Other amounts payable`47/48`	2.4m	-	-	-	3.0m	480,000	800,000	-	-	-	-	-	-	2.0m	799,259	642,090	1.3m	358,731
Accrued charges and deferred income`492/3`	719,826	719,822	727,853	1.2m	1.2m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.5m	2.0m	1.6m	1.2m	788,284	407,257	54,265
Income statement
Operating income`70/76A`	16.9m	440,832	268,271	2.4m	2.4m	2.4m	2.3m	-	2.3m	2.4m	1.9m	1.6m	-	-	-	2.6m	2.5m	-
Turnover`70`	76,349	107,876	1,950	1.9m	1.9m	1.8m	1.8m	1.8m	1.7m	1.7m	1.7m	1.6m	-	-	-	2.6m	2.4m	-
Other operating income`74`	28,914	332,956	266,321	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	16.8m	-	-	-	2.8m	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	-	-	-	-	-	-	-	2.2m	-	-	-	-	-	-	-	-	-	2.9m
Operating charges`60/66A`	1.9m	1.1m	1.1m	872,124	878,045	826,028	837,483	-	904,705	1.1m	484,709	761,115	133,307	1.2m	1.2m	1.4m	1.1m	-
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	55,446	-	-	-	-	-	-	-	-	-	-
Services and other goods`61`	1.4m	323,693	266,803	153,097	54,176	14,097	34,407	-	52,684	112,684	42,234	498,495	186,419	1.1m	1.2m	1.2m	1.1m	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	258,988	258,988	258,988	258,988	258,988	258,988	258,988	258,988	258,988	258,988	258,988	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-55,000	55,000	-	-	-	-
Other operating charges`640/8`	586,522	554,028	461,249	460,039	564,882	552,943	544,087	537,061	593,033	687,178	183,487	3,632	1,888	1,454	1,396	224,754	1,380	72,283
Non-recurring operating charges`66A`	-	-	86,141	62,908	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	14.9m	-695,877	-804,910	1.5m	1.6m	1.5m	1.5m	1.5m	1.4m	1.4m	1.4m	794,545	-133,307	-1.2m	-1.2m	1.2m	1.4m	2.9m
Financial income`75/76B`	-	274	-	-	2.9m	77,163	418,965	-	100	-	623	13,883	661,126	40,533	52,829	84,459	48,659	1,073
Recurring financial income`75`	-	274	-	-	91,902	77,163	418,965	-	100	-	623	13,883	661,126	40,533	52,829	84,459	48,659	1,073
Income from financial fixed assets`750`	-	-	-	-	91,902	77,036	418,965	-	-	-	-	-	-	-	-	-	-	-
Income from current assets`751`	-	274	-	-	-	-	-	-	-	-	560	13,883	661,126	40,533	52,829	84,459	47,757	-
Other financial income`752/9`	-	-	-	-	0	127	-	-	100	-	63	-	-	-	-	-	902	-
Non-recurring financial income`76B`	-	-	-	-	2.8m	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	830,200	785,434	793,084	873,083	1.1m	1.1m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	452,936	493,764	438,184	425,010	358,051	408,277
Recurring financial charges`65`	830,200	785,434	792,921	810,175	1.1m	1.1m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	452,936	493,764	438,184	425,010	358,051	408,277
Debt charges`650`	829,512	783,274	787,245	800,878	1.1m	1.1m	1.1m	-	1.2m	1.2m	1.2m	1.2m	452,713	493,643	437,898	424,884	357,467	-
Other financial charges`652/9`	688	2,160	5,676	9,297	5,401	4,409	5,069	-	271	317	274	551	223	121	286	125	584	-
Non-recurring financial charges`66B`	-	-	163	62,908	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	14.1m	-1.5m	-1.6m	626,454	3.4m	486,843	765,586	286,637	240,613	166,191	205,475	-355,090	74,883	-1.6m	-1.5m	895,856	1.1m	2.5m
Income taxes`67/77`	2.8m	-	-	-	-	-	-	-	-	-	-	-	21,300	15,855	6,254	293,155	407,302	900,162
Taxes`670/3`	2.8m	-	-	-	-	-	-	-	-	-	-	-	21,300	15,855	6,340	303,425	407,302	-
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87	10,271	-	-
Profit (loss) for the period`9904`	11.3m	-1.5m	-1.6m	626,454	3.4m	486,843	765,586	286,637	240,613	166,191	205,475	-355,090	53,583	-1.6m	-1.6m	602,702	709,910	1.6m
Profit (loss) for the period to be appropriated`9905`	11.3m	-1.5m	-1.6m	626,454	3.4m	486,843	765,586	286,637	240,613	166,191	205,475	-355,090	53,583	-1.6m	-1.6m	602,702	709,910	1.6m
Appropriation of the result
Profit (loss) to be appropriated`9906`	9.2m	-2.1m	-603,488	994,506	3.4m	492,132	955,289	189,703	-96,934	-337,547	-503,738	-709,213	-354,123	-407,706	1.2m	2.8m	2.2m	1.5m
Profit (loss) brought forward from the previous period`14P`	-2.1m	-603,488	994,506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,150
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,150
Profit to be distributed`694/7`	-	-	-	-	3.0m	480,000	950,000	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	3.0m	480,000	950,000	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2023	full format	10-06-2024	2024-00127642	PDF
31-12-2022	full format	19-06-2023	2023-00144092	PDF
31-12-2021	full format	19-05-2022	2022-20035243	PDF
31-12-2020	full format	29-04-2021	2021-13000372	PDF
31-12-2019	full format	10-04-2020	2020-09200109	PDF
31-12-2018	full format	08-04-2019	2019-09700359	PDF
31-12-2017	full format	20-04-2018	2018-10400041	PDF
31-12-2016	full format	20-04-2017	2017-09900346	PDF
31-12-2015	full format	25-04-2016	2016-10700494	PDF
31-12-2014	full format	17-04-2015	2015-09900601	PDF
31-12-2013	full format	17-04-2014	2014-09400551	PDF
31-12-2012	full format	22-04-2013	2013-09600360	PDF
31-12-2011	full format	06-03-2012	2012-05600511	PDF
31-12-2010	full format	11-08-2011	2011-40300003	PDF
31-12-2009	full format	06-10-2010	2010-57200166	PDF
31-12-2008	full format	01-07-2009	2009-34500167	PDF
31-12-2007	full format	16-07-2008	2008-42500024	PDF
31-12-2006	abbreviated format	17-08-2007	2007-57700387	PDF
31-12-2005	abbreviated format	29-06-2006	2006-35702456	PDF
31-12-2004	abbreviated format	23-06-2005	2005-31705354	PDF
31-12-2003	full format	20-09-2004	2004-65302479	PDF

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-436,889	-545,922	1.8m	1.8m	1.8m	1.8m	1.7m	1.7m	1.6m	1.7m	1.1m	-	-	-	-	-	-
Cash flow	-	-1.2m	-1.3m	885,442	3.6m	745,830	1.0m	545,625	499,601	425,179	464,463	-96,102	-	-	-	-	-	-
Investment in fixed assets (approximation)	-	-0	-6,050	6,050	-4.5m	0	0	-0	0	0	0	13.8m	-	-	-	-	-	6.4m
Change in cash	25.8m	-41,427	-1.2m	-1.9m	2.2m	-435,210	836,350	-52,971	118,488	70,708	-254,155	-	-	-297	-1.1m	-536,683	1.7m	-
Working capital	21.7m	-2.3m	-1.1m	1.1m	683,568	619,824	777,449	1.1m	989,929	904,597	884,200	1.1m	-4.5m	-4.9m	-1.2m	867,296	723,568	355,766
EBIT margin	-	-	-	79.5%	83.3%	85.0%	83.6%	82.2%	82.0%	78.4%	82.3%	51.2%	-	-	-	47.5%	60.3%	-
Solvency	35.3%	-15.2%	-3.9%	6.9%	2.5%	0.4%	0.4%	1.3%	-0.1%	-1.3%	-2.1%	-3.0%	-2.9%	-4.1%	15.7%	30.3%	23.5%	16.7%
Current ratio	5.69	0.20	0.35	2.15	1.20	1.69	1.63	3.67	3.35	3.15	3.10	3.29	0.46	0.29	0.64	1.37	1.27	1.14
Debt to equity	1.83	-	-	13.48	39.43	-	-	77.97	-	-	-	-	-	-	5.37	2.29	3.26	5.00
ROE	121.7%	-	-	59.0%	770.2%	610.2%	-	111.4%	-	-	-	-	-	-	-118.8%	21.1%	31.5%	100.5%
ROA	42.9%	-11.1%	-11.8%	4.1%	19.1%	2.5%	3.7%	1.4%	1.2%	0.8%	1.0%	-1.7%	0.5%	-19.9%	-18.6%	6.4%	7.4%	16.7%
Interest coverage	-	-0.56	-0.69	2.20	1.67	1.59	1.53	-	1.43	1.36	1.39	0.91	-	-	-	-	-	-
Customer credit	0 days	28 days	-	17 days	88 days	-	0 days	69 days	22 days	20 days	20 days	1 day	-	-	-	285 days	260 days	-
Supplier credit	75 days	2326 days	1730 days	1358 days	57 days	106 days	46 days	0 days	8 days	1 day	4 days	31 days	3895 days	659 days	414 days	46 days	7 days	-

Item	2023	2022	2021
Debts secured on the company's own assets	-	€11.7m	€12.1m
Mortgages, amount registered	-	€4.4m	-
Mortgage mandates	-	€17.3m	-
Carrying value of the mortgaged assets	-	€12.7m	-

HERKENRODE REAL ESTATE via Tincan Belgium, no longer at HERKENRODE REAL ESTATE · Sole director · deed of 04-12-2023 founded in 2019 · group NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ	turnover €2.6m (2025)
LEOVILLE PROPERTIES VI via Tincan Belgium, no longer at LEOVILLE PROPERTIES VI · Director · deed of 31-08-2022 founded in 2005	total assets €16.6m (2022)

Overview

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Annual accounts 2023

Insights on WATERSIDE

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Annual accounts 2023

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Filed annual accounts

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Auditor

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Last board

Mandates through the years

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Belgium 1 Equity Result

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History

Company details

Purpose, financial year and meetings according to the articles of association

Name, seat, purpose and duration

General meeting and financial year

Dissolved and wound up on 6 September 2024