WATERTECH
The computed 12-month bankruptcy probability of WATERTECH is 0.6% (low). The 2024 annual accounts show negative equity (€-96k) and a net result of €-636k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 208 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-96k |
| Net result | €-636k |
| Staff (FTE) | 22.4 |
| Better than sector | 10% |
Mixed profile: strong on profitability, weaker on health.
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 | -2.4% | 41.7% | |
| Net result | €-636k | €10k | |
| Equity | €-96k | €70k | |
| Gross operating margin | €920k | €50k | |
| Staff costs | €1.09M | €184k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-232k |
| Net profit | €-636k |
| Cash flow | €-409k |
| Staff costs | €1.09M |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €3.97M |
| Equity | €-96k |
| Debt | €4.07M |
| of which ≤ 1y | €2.89M |
| of which > 1y | €1.13M |
| Working capital | €-513k |
| Employees (FTE) | 22.4 |
| 2024 | |
|---|---|
| Current ratio | 0.82 |
| Quick ratio | 0.65 |
| Working capital ratio | -12.9% |
| Solvency | -2.4% |
| Debt / equity | -42.15 |
| Long-term debt ratio | -11.68 |
| Interest coverage | -1.23 |
| Gross margin | - |
| Net margin | - |
| ROA | -16.0% |
| ROE | 658.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.97M |
| Fixed assets | 21/28 | €1.59M |
| Intangible fixed assets | 21 | €5k |
| Tangible fixed assets | 22/27 | €1.58M |
| Financial fixed assets | 28 | €10k |
| Current assets | 29/58 | €2.38M |
| Stocks & contracts in progress | 3 | €501k |
| Amounts receivable within one year | 40/41 | €1.70M |
| Cash & bank | 54/58 | €25k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.97M |
| Equity | 10/15 | €-96k |
| Contributions / capital | 10/11 | €106k |
| Reserves | 13 | €18k |
| Accumulated profits (losses) | 14 | €-396k |
| Amounts payable | 17/49 | €4.07M |
| Amounts payable after one year | 17 | €1.13M |
| Amounts payable within one year | 42/48 | €2.89M |
| Trade debts payable within one year | 44 | €1.06M |
| Income statement | ||
| Gross operating margin | 9900 | €920k |
| Operating result | 9901 | €-458k |
| Financial income | 75 | €20k |
| Financial charges | 65 | €189k |
| Result before taxes | 9903 | €-633k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €-636k |
| Result to be appropriated | 9905 | €-636k |
| NACE primary | 28295 |
| Legal form | Public limited company(014) |
| Incorporation | 03-10-2008 |
| Status | Active |
| Postal code | 4041 |
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. |
|---|---|---|---|---|
| 62071B0049/00P000 | Wallonia | 6,877 m² | 1 · 2,642 m² | 7.6 m · 2 fl. |
| 62071A0078/00F002 | Wallonia | 3,210 m² | 1 · 1,570 m² | - |
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 nameFR | WATERTECH |