WATT FACTORY
ActiveWATT FACTORY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.04M and a net result of €-140k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 33% of 2277 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-32
Solvency48▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.22 in 2024; short-term debt: 20.5% and cash: 2.2% of total assets), and 77.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.7%
Return on assets
-3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
2 d early
2024
37 d early
2023
8 d early
2022
3 d late
2021
5 d late
2020
38 d late
2019
12 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.04M▼ 14.0%
2024 · €1.21M
2018: €1.47M
2019: €1.35M
2020: €1.31M
2021: €1.31M
2022: €1.24M
2023: €1.24M
2024: €1.21M
2018 → 2025
Total assets
€4.60M▼ 3.3%
2024 · €4.76M
2018: €5.06M
2019: €5.15M
2020: €5.13M
2021: €5.37M
2022: €5.14M
2023: €4.93M
2024: €4.76M
2018 → 2025
Net result
€-140k
2024 · €5k
2018: €-194k
2019: €-91k
2020: €-9k
2021: €28k
2022: €-43k
2023: €32k
2024: €5k
2018 → 2025
Working capital
€-764k▼ 29.0%
2024 · €-592k
2018: €-570k
2019: €-688k
2020: €-627k
2021: €-515k
2022: €-560k
2023: €-586k
2024: €-592k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.31M-€1.24M▼ 5.6%€1.24M▲ 0.1%€1.21M▼ 2.1%€1.04M▼ 14.0%
Operating result€65k-€-23k€49k€20k▼ 59.6%€-119k
Net result€28k-€-43k€32k€5k▼ 85.6%€-140k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €119k after €20k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.60M
Fixed assets
€4.42M▼ 3.6%
Current assets
€181k▲ 6.9%
Equity and liabilities €4.60M
Equity
€1.04M▼ 14.0%
Debt
€3.56M▲ 0.4%
The debt ratio rises from 74.5% to 77.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€108k▼
2024 · €244k
Cash flow
€88k▼
2024 · €229k
Solvency
22.7%▼
2024 · 25.5%
Current ratio
0.19▼
2024 · 0.22
Quick ratio
0.19▼
2024 · 0.22
Debt / equity
3.41▲
2024 · 2.92
ROE
-13.4%▼
2024 · 0.4%
ROA
-3.0%▼
2024 · 0.1%
Interest coverage
2.12▼
2024 · 5.49
Debt
€3.56M▲
2024 · €3.55M
Debt ≤ 1 year
€945k▲
2024 · €762k
Debt > 1 year
€2.61M▼
2024 · €2.78M
Income taxes
€22▲
2024 · €17
Staff costs
€128k▼
2024 · €179k
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€4.76M€4.60M▼
Fixed assets21/28€4.59M€4.42M▼
Intangible fixed assets21-€4k
Tangible fixed assets22/27€4.59M€4.42M▼
Land and buildings22€4.48M€4.32M▼
Plant, machinery and equipment23€9k€22k▲
Furniture and vehicles24€98k€74k▼
Financial fixed assets28€0-
Current assets29/58€169k€181k▲
Amounts receivable within one year40/41€121k€71k▼
Trade receivables40€121k€69k▼
Other amounts receivable41€0€2k▲
Cash at bank and in hand54/58€38k€102k▲
Deferred charges and accrued income490/1€10k€8k▼
Equity and liabilities
Total equity and liabilities10/49€4.76M€4.60M▼
Equity10/15€1.21M€1.04M▼
Contributions10/11€1.50M€1.50M=
Capital10€1.50M€1.50M=
Issued capital100€1.50M€1.50M=
Profit (loss) carried forward14€-1.02M€-1.16M▼
Investment grants15€732k€702k▼
Amounts payable17/49€3.55M€3.56M▲
Amounts payable after more than one year17€2.78M€2.61M▼
Financial debts170/4€2.72M€2.55M▼
Other amounts payable178/9€60k€65k▲
Amounts payable within one year42/48€762k€945k▲
Current portion of amounts payable after more than one year42€184k€182k▼
Trade debts44€103k€73k▼
Suppliers440/4€103k€73k▼
Taxes, remuneration and social security45€50k€25k▼
Taxes450/3€27k€16k▼
Remuneration and social security454/9€23k€9k▼
Other amounts payable47/48€425k€665k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Remuneration, social security and pensions62€179k€128k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225k€227k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€20k€24k▲
Gross operating margin9900€444k€264k▼
Operating profit (loss)9901€20k€-119k▼
Financial income75/76B€30k€30k▲
Recurring financial income75€30k€30k▲
Financial charges65/66B€46k€51k▲
Recurring financial charges65€45k€51k▲
Non-recurring financial charges66B€1k€0▼
Profit (loss) for the period before taxes9903€5k€-140k▼
Income taxes67/77€17€22▲
Profit (loss) for the period9904€5k€-140k▼
Profit (loss) for the period to be appropriated9905€5k€-140k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.02M€-1.16M▼
Profit (loss) brought forward from the previous period14P€-1.02M€-1.02M▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after 3 loss-making years.
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2016
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.
Vlasgaardstraat 529000 GentGround area
2,156 m²
Building footprint
95 m²
Volume, LiDAR
1,066 m³
Parcel 44816K0663/00F002, Flanders · tallest building 11.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
WATT FACTORY
since 20162.252.450.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0663/00F002 | Flanders | 2,156 m² | 1 · 95 m² | 11.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,404. 4,458 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-03-2016
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.