Watteman
ActiveSummary
Watteman has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44,291 and a net result of €6,719. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 55% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+8
Solvency85▼-15
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.12 against 6.88 in 2023; short-term debt: 39.9% and cash: 78.6% of total assets), and 39.9% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.1%
Return on assets
9.1%
Age of the figures
21 mo
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
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 15-06-2026, 46 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
46 d early
2024
29 d late
2023
23 d early
2022
on the day
2021
30 d late
2020
16 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€44,291▼ 27.8%
2023 · €61,368
Total assets
€73,636▲ 6.3%
2023 · €69,280
Net result
€6,719▲ 260%
2023 · €1,865
Working capital
€32,796▼ 29.5%
2023 · €46,546
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€27,885▲ 6.4%€46,196▲ 65.7%€30,966▼ 33.0%€2,985▼ 90.4%€10,526▲ 253%
Net result€20,707within the sector's middle half▼ 13.0%€36,956within the sector's middle half▲ 78.5%€24,638within the sector's middle half▼ 33.3%€1,865within the sector's middle half▼ 92.4%€6,719within the sector's middle half▲ 260%
Equity€59,503within the sector's middle half▲ 21.9%€96,459within the sector's middle half▲ 62.1%€59,503within the sector's middle half▼ 38.3%€61,368within the sector's middle half▲ 3.1%€44,291within the sector's middle half▼ 27.8%
Total assets€74,215within the sector's middle half▲ 22.0%€114,042within the sector's middle half▲ 53.7%€86,363within the sector's middle half▼ 24.3%€69,280within the sector's middle half▼ 19.8%€73,636within the sector's middle half▲ 6.3%
Debt€14,712▲ 22.1%€17,582▲ 19.5%€26,860▲ 52.8%€7,912▼ 70.5%€29,345▲ 271%
Working capital€46,235within the sector's middle half▲ 54.8%€88,267within the sector's middle half▲ 90.9%€54,516within the sector's middle half▼ 38.2%€46,546within the sector's middle half▼ 14.6%€32,796within the sector's middle half▼ 29.5%
Solvency80.2%above the sector's middle half=84.6%above the sector's middle half▲ 4.4pp68.9%within the sector's middle half▼ 15.7pp88.6%above the sector's middle half▲ 19.7pp60.1%within the sector's middle half▼ 28.4pp
Current ratio4.14above the sector's middle half▲ 0.666.02above the sector's middle half▲ 1.883.03within the sector's middle half▼ 2.996.88above the sector's middle half▲ 3.852.12within the sector's middle half▼ 4.77
Return on assets (ROA)27.9%above the sector's middle half▼ 11.2pp32.4%above the sector's middle half▲ 4.5pp28.5%above the sector's middle half▼ 3.9pp2.7%within the sector's middle half▼ 25.8pp9.1%within the sector's middle half▲ 6.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 253% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €73,636
Fixed assets
€11,495 ▼ 22.4%
Current assets
€62,140 ▲ 14.1%
Equity and liabilities €73,636
Equity
€44,291 ▼ 27.8%
Debt
€29,345 ▲ 271%
Debt's share of the balance-sheet total rises from 11.4% to 39.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16,409▲
2023 · €6,989
Cash flow
€12,601▲
2023 · €5,869
Debt to equity
0.66▲
2023 · 0.13
ROE
15.2%▲
2023 · 3.0%
Interest coverage
126.18▲
2023 · 70.45
Debt ≤ 1 year
€29,345▲
2023 · €7,912
Income taxes
€3,824▲
2023 · €1,021
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €226 | €163 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,659 | €5,612 | €6,561 | €4,004 | €5,883 | ▲ 46.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €120 | - |
| Other operating charges640/8 | - | €468 | €469 | €670 | €1,403 | ▲ 109% |
| Gross operating margin9900 | €34,004 | €52,502 | €38,160 | €7,659 | €17,932 | ▲ 134% |
| Operating profit (loss)9901 | €27,885 | €46,196 | €30,966 | €2,985 | €10,526 | ▲ 253% |
| Financial income75/76B | - | €16 | €0 | €0 | €146 | ▲ 731,200% |
| Recurring financial income75 | €10 | €16 | €0 | €0 | €146 | ▲ 731,200% |
| Financial charges65/66B | - | €43 | €93 | €99 | €130 | ▲ 31.1% |
| Recurring financial charges65 | €153 | €43 | €93 | €99 | €130 | ▲ 31.1% |
| Profit (loss) for the period before taxes9903 | €27,742 | €46,169 | €30,873 | €2,886 | €10,543 | ▲ 265% |
| Income taxes67/77 | €7,035 | €9,213 | €6,235 | €1,021 | €3,824 | ▲ 275% |
| Profit (loss) for the period9904 | €20,707 | €36,956 | €24,638 | €1,865 | €6,719 | ▲ 260% |
| Transfer from tax-exempt reserves789 | - | - | €36,956 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €20,707 | €36,956 | €61,594 | €1,865 | €6,719 | ▲ 260% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,215 | €114,042 | €86,363 | €69,280 | €73,636 | ▲ 6.3% |
| Fixed assets21/28 | €13,268 | €8,192 | €4,987 | €14,822 | €11,495 | ▼ 22.4% |
| Intangible fixed assets21 | €13,155 | €7,755 | €2,355 | €0 | - | - |
| Tangible fixed assets22/27 | €113 | €437 | €2,632 | €14,822 | €11,495 | ▼ 22.4% |
| Furniture and vehicles24 | - | €437 | €2,632 | €14,822 | €11,495 | ▼ 22.4% |
| Current assets29/58 | €60,948 | €105,850 | €81,377 | €54,458 | €62,140 | ▲ 14.1% |
| Amounts receivable within one year40/41 | €197 | €948 | €4,290 | €145 | €1,917 | ▲ 1,220% |
| Trade receivables40 | - | €145 | €145 | €145 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €802 | €4,145 | €0 | €1,917 | - |
| Cash at bank and in hand54/58 | €59,797 | €104,020 | €76,778 | €51,779 | €57,871 | ▲ 11.8% |
| Deferred charges and accrued income490/1 | - | €882 | €308 | €2,534 | €2,353 | ▼ 7.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,215 | €114,042 | €86,363 | €69,280 | €73,636 | ▲ 6.3% |
| Equity10/15 | €59,503 | €96,459 | €59,503 | €61,368 | €44,291 | ▼ 27.8% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €44,503 | €81,459 | €44,503 | €46,368 | €29,291 | ▼ 36.8% |
| Distributable reserves133 | - | €81,459 | €44,503 | €46,368 | €29,291 | ▼ 36.8% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €14,712 | €17,582 | €26,860 | €7,912 | €29,345 | ▲ 271% |
| Amounts payable within one year42/48 | €14,712 | €17,582 | €26,860 | €7,912 | €29,345 | ▲ 271% |
| Trade debts44 | €950 | €862 | €29 | €3,272 | €1,521 | ▼ 53.5% |
| Suppliers440/4 | - | €862 | €29 | €3,272 | €1,521 | ▼ 53.5% |
| Taxes, remuneration and social security45 | - | €15,432 | €3,696 | €4,302 | €4,717 | ▲ 9.6% |
| Taxes450/3 | - | €2,769 | €3,696 | €4,302 | €4,717 | ▲ 9.6% |
| Remuneration and social security454/9 | - | €12,663 | €0 | - | - | - |
| Other amounts payable47/48 | - | €1,288 | €23,135 | €337 | €23,107 | ▲ 6,748% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,707 | €36,956 | €24,638 | €1,865 | €6,719 | ▲ 260% |
| + Depreciation and write-downs630 | €5,659 | €5,612 | €6,561 | €4,004 | €5,883 | ▲ 46.9% |
| Operating cash flow (approximation) | €26,366 | €42,569 | €31,199 | €5,869 | €12,601 | ▲ 115% |
| Investment in fixed assets (approximation) | - | -€536 | -€3,356 | -€13,839 | -€2,556 | ▲ 81.5% |
| Change in cash | - | €44,223 | -€27,242 | -€25,000 | €6,092 | ▲ 124% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €1,865 ▼92.4%
Net result drops to €1,865, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 6.88
Current ratio from 3.03 to 6.88; short-term debt falls from €26,860 to €7,912.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2019net €36,956 ▲78.5%
Operating result €46,196, net result €36,956, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
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, Gent · 1 establishment unit since 2018
Ground area
340 m²
Building footprint
110 m²
Volume, LiDAR
770 m³
Parcel 44816K0827/00A000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Watteman
since 20182.276.490.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0827/00A000 | Flanders | 340 m² | 1 · 110 m² | 11.2 m · 3 fl. |
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 18,250 companies in sector 71111 we hold annual accounts for 6,321. 5,252 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
Founded08-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
68121Development of residential building projects
68122Development of non-residential building projects
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
85599Other education
90312Arts creation and performing arts activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697748615
Also
9925:BE0697748615
Registered
30-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.