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Generated 27-07-2026
Active BE 0767.669.282Public limited company

WATR

Voldersstraat 13 ·9000 Gent, Belgium· 5 yrs active
Sector: Head offices & management consulting (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of WATR is 0.4% (very low). The 2024 annual accounts show equity of €835k and a net result of €-69k. Equity is shrinking by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 1390 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €835k
Net result €-69k
Staff (FTE) 2.7
Better than sector 70%
Snowflake analysis 5 axes · computed by Checked
Health48Profitability0Solvency66Growth38Stability94
49 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 48
Profitability 0
Solvency 66
Growth 38
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
48 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 15-10-2025 with the NBB · fiscal year 2024 · verkort
€-2.00M€-1.00M€0€1.00MOperating result 2021: €-78k€-78kNet result 2021: €-78k€-78kRevenue 2022: €558k€558kOperating result 2022: €94k€94kNet result 2022: €89k€89kRevenue 2023: €484k€484kOperating result 2023: €-177k€-177kNet result 2023: €-1.61M€-1.61MOperating result 2024: €-87k€-87kNet result 2024: €-69k€-69k2021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~34.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€1.00M€2.00M€3.00M2025: €493k (€33k - €952k)2026: €322k (€0 - €1.06M)2027: €211k (€0 - €1.22M)2021: €2.42M2022: €2.51M2023: €904k2024: €835k2021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

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).

Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 65.8% 43.7%
better than 70% of 1390 sector peers
Net result €-69k €41k
better than 7% of 1391 sector peers
Equity €835k €163k
better than 79% of 1391 sector peers
Gross operating margin €90k €72k
better than 56% of 1390 sector peers
Staff costs €29k €106k
higher than 27% of 255 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€484k
-13.3% 21-24
EBITDA
€-68k
+54.2% far below sector median
Net profit
€-69k
+95.7% far below sector median
Cash flow
€-50k
+96.8% far below sector median
Total assets
€1.27M
-8.6% -82% vs sector
Equity
€835k
-7.6% -86% vs sector
Working capital
€-232k
+30.0% far below sector median
Employees (FTE)
3
-30.8% far above sector median
Staff costs
€29k
-81.0% -94% vs sector
Income taxes
€681
+547.8% -99% vs sector
Debt
€434k
-10.6% -74% vs sector
Debt ≤ 1y
€284k
-41.5% -63% vs sector
Debt > 1y
€150k
- -65% vs sector
Current ratio
0.18
-42.3% -97% vs sector
Quick ratio
0.18
-42.3% -97% vs sector
Solvency
65.8%
+1.1% -8% vs sector
Debt / equity
0.52
-3.2% +36% vs sector
ROE
-8.2%
+95.4% far below sector median
ROA
-5.4%
+95.3% far below sector median
Net margin
-332.3%
- 21-24
EBITDA margin
-30.8%
- 21-24
Interest coverage
3.68
- -96% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-68k
Net profit€-69k
Cash flow€-50k
Staff costs€29k
Income taxes€681
Dividends-
Total assets€1.27M
Equity€835k
Debt€434k
of which ≤ 1y€284k
of which > 1y€150k
Working capital€-232k
Employees (FTE)2.7
Ratios (computed)
2024
Current ratio0.18
Quick ratio0.18
Working capital ratio-18.3%
Solvency65.8%
Debt / equity0.52
Long-term debt ratio0.18
Interest coverage3.68
Gross margin-
Net margin-
ROA-5.4%
ROE-8.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.27M
Fixed assets 21/28€1.22M
Tangible fixed assets 22/27€66k
Financial fixed assets 28€1.15M
Current assets 29/58€52k
Amounts receivable within one year 40/41€49k
Cash & bank 54/58€0
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.27M
Equity 10/15€835k
Contributions / capital 10/11€2.50M
Reserves 13€522
Accumulated profits (losses) 14€-1.67M
Amounts payable 17/49€434k
Amounts payable after one year 17€150k
Amounts payable within one year 42/48€284k
Trade debts payable within one year 44€263k
Income statement
Gross operating margin 9900€90k
Operating result 9901€-87k
Financial income 75€42
Financial charges 65€-18k
Result before taxes 9903€-68k
Income taxes 67/77€681
Net result for the period 9904€-69k
Result to be appropriated 9905€-69k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Head offices & management consulting(70200)
Legal form Public limited company(014)
Incorporation29-04-2021
StatusActive
Postal code9000
Connections & network 1 connected companies
Network connections
D&D Legacy
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
WATR
Twaalfapostelenstraat 6, 9051 GentHoldings
since 20212.316.673.467
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062D0392/00X000 Flanders 3,188 m² 1 · 1,844 m² 8.3 m · 2 fl.
44803C0970/00F000 Flanders 194 m² 1 · 104 m² 19.8 m · 6 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
29-01-2026
State Gazette act Registered-office change
v3.2
2025
15-10-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
30-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
08-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
17-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
03-05-2021
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
Address history · 1
29-01-2026
v3.2
All acts · 2 updated 5 months ago
2026
29-01-2026 Registered office moved within GENT Registered-office change
  • Twaalfapostelenstraat 6, 9051 GENT → Voldersstraat 13, 9000 GENT
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "GENT",
        "region": null,
        "street": "Voldersstraat",
        "country": "BE",
        "postcode": "9000",
        "box_number": null,
        "street_number": "13"
      },
      "old_address": {
        "city": "GENT",
        "region": null,
        "street": "Twaalfapostelenstraat",
        "country": "BE",
        "postcode": "9051",
        "box_number": null,
        "street_number": "6"
      },
      "effective_date": null,
      "evidence_quote": "komt het bestuur overeen om de zetel van de vennootschap te verplaatsen naar 9000 GENT, Voldersstraat 13."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0767.669.282",
    "name_full": "WATR",
    "legal_form": "NV"
  }
}
2021
03-05-2021 Incorporation of a new NV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "9051 Gent, Twaalfapostelenstraat 6",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Nehme Darwiche",
        "niss": null,
        "address": "9830 Sint-Martens-Latem, Heidebergen 30"
      },
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 1250500.0,
      "holder_person_name": "Nehme Darwiche",
      "is_subscriber_only": false,
      "n_shares_subscribed": null,
      "amount_subscribed_eur": 1250500.0,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Caroline Emmanuelle Stephanie Delbecque",
        "niss": null,
        "address": "9830 Sint-Martens-Latem, Heidebergen 30"
      },
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 1250500.0,
      "holder_person_name": "Caroline Emmanuelle Stephanie Delbecque",
      "is_subscriber_only": false,
      "n_shares_subscribed": null,
      "amount_subscribed_eur": 1250500.0,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 2501000.0,
  "subject_company": {
    "kbo": "0767.669.282",
    "name_full": "WATR",
    "legal_form": "NV"
  },
  "initial_directors": [],
  "incorporation_date": "2021-04-29",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameNL WATR
Registered office
Voldersstraat 13
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative