Waterside Living Development
A bankruptcy procedure is open for Waterside Living Development according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2023 annual accounts show negative equity (€-81k) and a net result of €-17k.
| Equity | €-81k |
| Net result | €-17k |
| Better than sector | 28% |
| Active | 6 yrs |
Mixed profile: strong on profitability, weaker on health.
Bankruptcy opened
A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1.2% | 7.6% | |
| Net result | €-17k | €-5k | |
| Equity | €-81k | €39k | |
| Gross operating margin | €-13k | €17k | |
| Total assets | €6.94M | €905k |
| Fiscal year | 2023 |
|---|---|
| Revenue | — |
| EBITDA | €-14k |
| Net profit | €-17k |
| Cash flow | €-16k |
| Staff costs | — |
| Income taxes | — |
| Dividends | — |
| Total assets | €6.94M |
| Equity | €-81k |
| Debt | €7.02M |
| of which ≤ 1y | €502k |
| of which > 1y | €6.51M |
| Working capital | €6.43M |
| Employees (FTE) | — |
| 2023 | |
|---|---|
| Current ratio | 13.82 |
| Quick ratio | 0.10 |
| Working capital ratio | 92.8% |
| Solvency | -1.2% |
| Debt / equity | -86.57 |
| Long-term debt ratio | -80.37 |
| Interest coverage | -6.93 |
| Gross margin | — |
| Net margin | — |
| ROA | -0.2% |
| ROE | 20.4% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €6.94M |
| Formation expenses | 20 | €735 |
| Current assets | 29/58 | €6.93M |
| Stocks & contracts in progress | 3 | €6.88M |
| Amounts receivable within one year | 40/41 | €51k |
| Cash & bank | 54/58 | €16 |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.94M |
| Equity | 10/15 | €-81k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €-82k |
| Amounts payable | 17/49 | €7.02M |
| Amounts payable after one year | 17 | €6.51M |
| Amounts payable within one year | 42/48 | €502k |
| Trade debts payable within one year | 44 | €474k |
| Income statement | ||
| Gross operating margin | 9900 | €-13k |
| Operating result | 9901 | €-14k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-17k |
| Net result for the period | 9904 | €-17k |
| Result to be appropriated | 9905 | €-17k |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | DIRK DE MAESENEER ENGELS PLEIN 35,
3000 LEUVEN |
07-05-2026 → present | Belgian State Gazette |
| Curator | SVEN DE MAESE-
NEER ENGELS PLEIN 35, 3000 LEUVEN- |
07-05-2026 → present | Belgian State Gazette |
| Curator | STEVEN NYSTEN ENGELS
PLEIN 35, 3000 LEUVEN- .
27237
BELGISCH STAATSBLAD — 15.05.2026 — MONITEUR BELGE |
07-05-2026 → present | Belgian State Gazette |
| NACE primary | Real estate activities(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 12-06-2020 |
| Status | Active |
| Postal code | 3300 |
| First BS signal | 30-10-2024 |
| Latest BS signal | 15-05-2026 |
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. |
|---|---|---|---|---|
| 24593G0720/00A000 | Flanders | 471 m² | 1 · 379 m² | 12.7 m · 1 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
14-03-2025 Registered office moved from Lummen to Tienen
- Gestelstraat 15, 3560 Lummen → Broekstraat 2 bus 7, 3300 Tienen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "Broekstraat 2 bus 7, 3300 Tienen",
"city": "Tienen",
"region": "vlaams_gewest",
"street": "Broekstraat",
"country": "BE",
"postcode": "3300",
"box_number": "7",
"street_number": "2",
"locality_suffix": null
},
"old_address": {
"raw": "Gestelstraat 15, 3560 Lummen",
"city": "Lummen",
"region": "vlaams_gewest",
"street": "Gestelstraat",
"country": "BE",
"postcode": "3560",
"box_number": null,
"street_number": "15",
"locality_suffix": null
},
"effective_date": "2025-01-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-03-14",
"filing_date": null,
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2024-12-31",
"unanimous": null
},
"subject_company": {
"kbo": "0748.533.558",
"name_full": "Waterside Living Development",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Davy Palmans",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"de notulen van de bestuursvergadering dd. 31/12/2024"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Waterside Living Development |