watlet.be

Active

Private limited companyfounded 201016 yrs activeRue Bel-Horizon 23, 6990 Hotton, BelgiumKBO/BCE: BE 0823.905.825

The computed 12-month bankruptcy probability of watlet.be is 1.7% (moderate). The 2025 annual accounts show equity of €70k and a net result of €11k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 27407 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

86 / 100

Excellent▲ +8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability76▲+19

Solvency49▲+1

Growth52=

Stability100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity tight (current ratio 1.11 against 1.19 in 2024), and 70.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

29.7%

Return on assets

4.5%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

28 d early

2024

6 d early

2023

34 d early

2022

35 d early

2021

23 d late

2020

31 d late

2019

31 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€70k▲ 18.0%

2024 · €60k

2018: €32k 2019: €14k 2020: €17k 2021: €17k 2022: €38k 2023: €53k 2024: €60k

2018 → 2025

Total assets

€238k▲ 12.4%

2024 · €211k

2018: €259k 2019: €224k 2020: €211k 2021: €203k 2022: €228k 2023: €245k 2024: €211k

2018 → 2025

Net result

€11k▲ 59.4%

2024 · €7k

2018: €19k 2019: €-19k 2020: €3k 2021: €346 2022: €21k 2023: €15k 2024: €7k

2018 → 2025

Working capital

€10k▼ 30.6%

2024 · €15k

2018: €28k 2019: €5k 2020: €-8k 2021: €-1k 2022: €-19k 2023: €20k 2024: €15k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€17k-€38k▲ 121%€53k▲ 38.7%€60k▲ 12.8%€70k▲ 18.0%

Operating result€4k-€27k▲ 637%€13k▼ 51.4%€15k▲ 13.1%€17k▲ 14.2%

Net result€346-€21k▲ 5,952%€15k▼ 29.5%€7k▼ 54.3%€11k▲ 59.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €238k

54.4%

45.6%

Fixed assets €129k▲ 8.0%

Current assets €108k▲ 18.1%

Equity and liabilities €238k

29.7%

70.3%

Equity €70k▲ 18.0%

Debt €167k▲ 10.2%

The debt ratio falls from 71.8% to 70.3%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

EBITDA

€45k▲

2024 · €39k

Cash flow

€38k▲

2024 · €31k

Solvency

29.7%▲

2024 · 28.2%

Current ratio

1.11▼

2024 · 1.19

Quick ratio

1.11▼

2024 · 1.19

Debt / equity

2.37▼

2024 · 2.54

ROE

15.3%▲

2024 · 11.3%

ROA

4.5%▲

2024 · 3.2%

Interest coverage

8.81▲

2024 · 6.46

Debt

€167k▲

2024 · €152k

Debt ≤ 1 year

€98k▲

2024 · €77k

Debt > 1 year

€69k▼

2024 · €75k

Income taxes

€4k▼

2024 · €6k

Staff costs

€169k▼

2024 · €216k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€211k€238k▲

Fixed assets21/28€120k€129k▲

Tangible fixed assets22/27€120k€129k▲

Land and buildings22€73k€65k▼

Plant, machinery and equipment23€8k€38k▲

Furniture and vehicles24€39k€26k▼

Current assets29/58€92k€108k▲

Amounts receivable within one year40/41€65k€92k▲

Trade receivables40€53k€77k▲

Other amounts receivable41€12k€15k▲

Cash at bank and in hand54/58€27k€12k▼

Deferred charges and accrued income490/1-€4k

Equity and liabilities

Total equity and liabilities10/49€211k€238k▲

Equity10/15€60k€70k▲

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€39k€50k▲

Amounts payable17/49€152k€167k▲

Amounts payable after more than one year17€75k€69k▼

Financial debts170/4€75k€69k▼

Amounts payable within one year42/48€77k€98k▲

Current portion of amounts payable after more than one year42€25k€25k▲

Trade debts44€4k€16k▲

Suppliers440/4€4k€16k▲

Taxes, remuneration and social security45€9k€6k▼

Taxes450/3€871€26▼

Remuneration and social security454/9€8k€6k▼

Other amounts payable47/48€39k€51k▲

Income statement Code20242025

Remuneration, social security and pensions62€216k€169k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€28k▲

Other operating charges640/8€3k€3k▼

Gross operating margin9900€259k€216k▼

Operating profit (loss)9901€15k€17k▲

Financial income75/76B€4k€3k▼

Recurring financial income75€4k€3k▼

Financial charges65/66B€6k€5k▼

Recurring financial charges65€6k€5k▼

Profit (loss) for the period before taxes9903€13k€15k▲

Income taxes67/77€6k€4k▼

Profit (loss) for the period9904€7k€11k▲

Profit (loss) for the period to be appropriated9905€7k€11k▲

Appropriation of the result

Profit (loss) to be appropriated9906€39k€50k▲

Profit (loss) brought forward from the previous period14P€32k€39k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

25-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

26-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2018net €21k ▲5952%

Net result €21k, the highest in the series.

23-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 23 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

31-12

Financial Back to profitnet €3k

Net result €3k after one loss-making year.

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

31-12

Financial Weakest financial yearnet €-19k ▼196%

Net result drops to €-19k, the lowest in the series; recovery starts the following year.

21-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 21 days late

2018

09-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 9 days late

2017

13-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Hotton · 4 establishment units since 2010

establishment All 4 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Bel-Horizon 236990 Hotton

Ground area

5,460 m²

Building footprint

903 m²

4 parcels, Wallonia. Linked by address, not a title deed.

4 establishment units

Zone d'activités Sud, Bail. 18, 5377 Somme-Leuze

Specialised construction activities

since 20102.186.258.551

Rue Bel-Horizon 23, 6990 Hotton

Specialised construction activities

since 20102.189.415.110

Marche, Rue de la Centaurée 21, 6900 Marche-en-Famenne

Specialised construction activities

since 20102.189.415.704

Spéléo-Club-de-Belgique 21, 6990 Hotton

Specialised construction activities

since 20102.189.416.494

4 parcels

Wallonia 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
83028D0791/00K000	Wallonia	1,437 m²	1 · 104 m²	-
91010B0133/00D003	Wallonia	1,421 m²	1 · 505 m²	-
83034B0453/00E003	Wallonia	1,407 m²	1 · 129 m²	-
83028D0991/00E002	Wallonia	1,194 m²	1 · 165 m²	-