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WaterstofNet

Active
Non-profit associationfounded 2009active for 17 yearsSlachthuisstraat 112, 2300 Turnhout, BelgiumKBO/BCE: BE 0810.768.956
Summary

WaterstofNet has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €918,078 and a net result of €155,247. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 50% of 1,919 sector peers (NACE 71, financial year 2024). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121Other research and development on natural sciences NACE 72109
1 site
Size
€2.1mtotal assets 2024
Staff
11.3 FTE
Equity
€918,078
Surplus
€155,247
Turnover not published (abbreviated format)
Financial health
57 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Accounts 72 days overdue0 of 7 deeds read
Why 57raises riskCapped at 59: a confirmed filing findingLatest accounts 224 days late; 2 of the last 3 latelowers riskLegal form: non-profit associationLiquidity: current ratio 4.24, cash €1.7mFounded in 2009Show the evidence

Checked score

Score 2024
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 74% of its sector peers (NACE 71, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 70+11
equity 44.6% of total assets
Liquidity 92+13
short-term debt 23.4% · cash 84.7%
Profitability 78-1
return on assets 7.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (688 companies, NACE 71, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025highest value 02-2026: < 0.1%● unchanged vs 01-2026highest value 03-2026: < 0.1%● unchanged vs 02-2026highest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €50,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 4.24, compared with 2.26 in 2023; short-term debt: 23.4% and cash: 84.7% of total assets), but 55.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small): better than 54% on solvency, 96% on liquidity, 68% on profitability and 76% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
lowers risk · Legal form: non-profit association
KBO
raises risk · Latest accounts 224 days late; 2 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 4.24, cash €1.7m
NBB · annual accounts
lowers risk · Founded in 2009
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €918,078
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-03-2026, 224 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
224 days late
2023
49 days late
2022
20 days early
2021
26 days early
2020
25 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 29 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Annual accounts filedfinancial year 2023 · abbreviated…
  3. Highest result from 2018 to 2024net €194,039 ▲21.6%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 72 days late View
  • Among the largest 9% on gross marginsector median €170,966 · 1,905 companies €1.6m View
  • EU research moneyEU contribution €2.1m View

By topic

Financials

Financial year
2024
Total assets
€2.1m
Profit
€155,247
Solvency
44.6%
Total assets▼ 9.2%
Net result
20182024
Go to Financials

Timeline

Events
19
Since
2011
  1. 11-07-2023Annual accounts filed
  2. 31-12-2022Back to profit
  3. 31-12-2022Equity above €500,000
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Founded
24-03-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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