WATT IF ?
ActiveSummary
WATT IF ? has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €29k. Equity is shrinking by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency87▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.15 in 2024; short-term debt: 38.2% and cash: 28.1% of total assets), and 38.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
61.8%
Return on assets
145.4%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
30 d early
2022
40 d early
2021
26 d early
2020
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▲ 5.0%
2024 · €12k
2020: €36khighest in 6 years
2021: €34k▼ -6.2% vs 2020
2022: €15k▼ -56.3% vs 2021
2023: €19k▲ +28.3% vs 2022
2024: €12k▼ -39.3% vs 2023lowest in 6 years
2025: €12k▲ +5.0% vs 2024
2020 → 2025
Total assets
€20k▼ 8.9%
2024 · €22k
2020: €111khighest in 6 years
2021: €61k▼ -45.0% vs 2020
2022: €40k▼ -34.6% vs 2021
2023: €24k▼ -39.0% vs 2022
2024: €22k▼ -11.2% vs 2023
2025: €20k▼ -8.9% vs 2024lowest in 6 years
2020 → 2025
Net result
€29k▼ 5.0%
2024 · €30k
2020: €34khighest in 6 years
2021: €-2k▼ -107% vs 2020
2022: €-19k▼ -747% vs 2021lowest in 6 years
2023: €6k▲ +129% vs 2022
2024: €30k▲ +437% vs 2023
2025: €29k▼ -5.0% vs 2024
2020 → 2025
Working capital
€3k▲ 134%
2024 · €1k
2020: €52khighest in 6 years
2021: €21k▼ -59.3% vs 2020
2022: €6k▼ -71.1% vs 2021
2023: €11k▲ +81.7% vs 2022
2024: €1k▼ -86.6% vs 2023lowest in 6 years
2025: €3k▲ +134% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€15k▼ 56.3%€19k▲ 28.3%€12k▼ 39.3%€12k▲ 5.0%
2021: €34khighest in 5 years
2022: €15k▼ -56.3% vs 2021
2023: €19k▲ +28.3% vs 2022
2024: €12k▼ -39.3% vs 2023lowest in 5 years
2025: €12k▲ +5.0% vs 2024
Operating result€-2k-€-18k▼ 930%€7k€41k▲ 461%€41k▲ 0.8%
2021: €-2k
2022: €-18k▼ -930% vs 2021lowest in 5 years
2023: €7k▲ +140% vs 2022
2024: €41k▲ +461% vs 2023
2025: €41k▲ +0.8% vs 2024highest in 5 years
Net result€-2k-€-19k▼ 747%€6k€30k▲ 437%€29k▼ 5.0%
2021: €-2k
2022: €-19k▼ -747% vs 2021lowest in 5 years
2023: €6k▲ +129% vs 2022
2024: €30k▲ +437% vs 2023highest in 5 years
2025: €29k▼ -5.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€9k ▼ 14.2%
Current assets
€11k ▼ 4.2%
Equity and liabilities €20k
Equity
€12k ▲ 5.0%
Debt
€8k ▼ 24.9%
Debt's share of the balance-sheet total falls from 46.4% to 38.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2024 · €43k
Cash flow
€31k▼
2024 · €32k
Current ratio
1.47▲
2024 · 1.15
Debt to equity
0.62▼
2024 · 0.86
ROE
235.4%▼
2024 · 260.1%
ROA
145.4%▲
2024 · 139.5%
Interest coverage
78.44▼
2024 · 88.10
Debt ≤ 1 year
€8k▼
2024 · €10k
Income taxes
€12k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€22k€20k▼
Fixed assets21/28€10k€9k▼
Tangible fixed assets22/27€10k€9k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€7k€6k▼
Financial fixed assets28€105€0▼
Current assets29/58€11k€11k▼
Amounts receivable within one year40/41€1k€4k▲
Trade receivables40€453€788▲
Other amounts receivable41€768€4k▲
Cash at bank and in hand54/58€9k€6k▼
Deferred charges and accrued income490/1€941€1k▲
Equity and liabilities
Total equity and liabilities10/49€22k€20k▼
Equity10/15€12k€12k▲
Contributions10/11€2k€2k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€10k€10k▲
Amounts payable17/49€10k€8k▼
Amounts payable within one year42/48€10k€8k▼
Trade debts44€383€1k▲
Suppliers440/4€383€1k▲
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€8k€6k▼
Remuneration and social security454/9€685€0▼
Other amounts payable47/48€756€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€290€986▲
Non-recurring operating charges66A-€105
Gross operating margin9900€43k€45k▲
Operating profit (loss)9901€41k€41k▲
Financial income75/76B€202€0▼
Recurring financial income75€202€0▼
Financial charges65/66B€487€557▲
Recurring financial charges65€487€557▲
Profit (loss) for the period before taxes9903€41k€41k▲
Income taxes67/77€10k€12k▲
Profit (loss) for the period9904€30k€29k▼
Profit (loss) for the period to be appropriated9905€30k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€38k▲
Profit (loss) brought forward from the previous period14P€-17k€10k▲
Transfer from equity791/2€34k€0▼
Profit to be distributed694/7€38k€28k▼
Return on contributions (dividend)694€38k€28k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €7k | €5k | €2k | €3k | ▲ 21.6% |
| Other operating charges640/8 | €645 | €671 | €277 | €290 | €986 | ▲ 240% |
| Non-recurring operating charges66A | - | - | - | - | €105 | - |
| Gross operating margin9900 | €4k | €-11k | €13k | €43k | €45k | ▲ 3.7% |
| Operating profit (loss)9901 | €-2k | €-18k | €7k | €41k | €41k | ▲ 0.8% |
| Financial income75/76B | €31 | €10 | €0 | €202 | €0 | ▼ 100% |
| Recurring financial income75 | €31 | €10 | €0 | €202 | €0 | ▼ 100% |
| Financial charges65/66B | €408 | €820 | €972 | €487 | €557 | ▲ 14.4% |
| Recurring financial charges65 | €408 | €820 | €972 | €487 | €557 | ▲ 14.4% |
| Profit (loss) for the period before taxes9903 | €-2k | €-19k | €6k | €41k | €41k | ▲ 0.2% |
| Income taxes67/77 | €115 | €114 | €703 | €10k | €12k | ▲ 15.2% |
| Profit (loss) for the period9904 | €-2k | €-19k | €6k | €30k | €29k | ▼ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-19k | €6k | €30k | €29k | ▼ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61k | €40k | €24k | €22k | €20k | ▼ 8.9% |
| Fixed assets21/28 | €20k | €13k | €8k | €10k | €9k | ▼ 14.2% |
| Tangible fixed assets22/27 | €17k | €10k | €5k | €10k | €9k | ▼ 13.3% |
| Furniture and vehicles24 | €17k | €10k | €5k | €3k | €2k | ▼ 20.7% |
| Other tangible fixed assets26 | - | - | - | €7k | €6k | ▼ 10.3% |
| Financial fixed assets28 | €3k | €3k | €3k | €105 | €0 | ▼ 100% |
| Current assets29/58 | €41k | €27k | €16k | €11k | €11k | ▼ 4.2% |
| Amounts receivable within one year40/41 | €22k | €20k | €10k | €1k | €4k | ▲ 251% |
| Trade receivables40 | €22k | €20k | €10k | €453 | €788 | ▲ 73.9% |
| Other amounts receivable41 | - | €127 | €256 | €768 | €4k | ▲ 356% |
| Current investments50/53 | €18k | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €6k | €5k | €9k | €6k | ▼ 40.8% |
| Deferred charges and accrued income490/1 | €1k | €845 | €957 | €941 | €1k | ▲ 27.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61k | €40k | €24k | €22k | €20k | ▼ 8.9% |
| Equity10/15 | €34k | €15k | €19k | €12k | €12k | ▲ 5.0% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €34k | €34k | €34k | €0 | - | - |
| Distributable reserves133 | €34k | €34k | €34k | €0 | - | - |
| Profit (loss) carried forward14 | €-2k | €-21k | €-17k | €10k | €10k | ▲ 6.0% |
| Amounts payable17/49 | €27k | €25k | €5k | €10k | €8k | ▼ 24.9% |
| Amounts payable after more than one year17 | €7k | €4k | €0 | - | - | - |
| Financial debts170/4 | €7k | €4k | €0 | - | - | - |
| Amounts payable within one year42/48 | €20k | €21k | €5k | €10k | €8k | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | €3k | €2k | €0 | - | - | - |
| Trade debts44 | - | €12k | €3k | €383 | €1k | ▲ 191% |
| Suppliers440/4 | - | €12k | €3k | €383 | €1k | ▲ 191% |
| Taxes, remuneration and social security45 | €15k | €2k | €2k | €9k | €6k | ▼ 27.8% |
| Taxes450/3 | €15k | €2k | €2k | €8k | €6k | ▼ 21.7% |
| Remuneration and social security454/9 | - | - | - | €685 | €0 | ▼ 100% |
| Other amounts payable47/48 | €2k | €5k | €756 | €756 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-19k | €6k | €30k | €29k | ▼ 5.0% |
| + Depreciation and write-downs630 | €5k | €7k | €5k | €2k | €3k | ▲ 21.6% |
| Operating cash flow (approximation) | €3k | €-13k | €11k | €32k | €31k | ▼ 3.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | €-1k | ▲ 74.3% |
| Change in cash | - | - | €-717 | €4k | €-4k | ▼ 190% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.14
Current ratio from 1.30 to 3.14; short-term debt falls from €21k to €5k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Rixensart · 1 establishment unit since 2020
Ground area
1,472 m²
Building footprint
134 m²
Parcel 25092B0431/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Bergères 38, 1331 Rixensart
since 20202.304.019.125
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25092B0431/00N000 | Wallonia | 1,472 m² | 1 · 134 m² | - |
Linked by address, not proof of ownership
Good to know
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 25,097 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.