Wattify
ActiveSummary
Wattify has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €168,982 and a net result of €57,182. Equity is growing by ~48.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 877 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 3.72 against 3.57 in 2023; short-term debt: 24.5% and cash: 24.1% of total assets), and 24.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
7 d early
2022
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€168,982▲ 51.1%
2023 · €111,799
Total assets
€223,875▲ 46.4%
2023 · €152,889
Net result
€57,182▲ 11.5%
2023 · €51,282
Working capital
€149,166▲ 41.2%
2023 · €105,624
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€81,697-€56,360▼ 31.0%€72,828▲ 29.2%
Net result€59,017-€51,282▼ 13.1%€57,182▲ 11.5%
Equity€60,517-€111,799▲ 84.7%€168,982▲ 51.1%
Total assets€169,967-€152,889▼ 10.0%€223,875▲ 46.4%
Debt€109,449-€41,089▼ 62.5%€54,893▲ 33.6%
Working capital€52,740-€105,624▲ 100%€149,166▲ 41.2%
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 29% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €223,875
Fixed assets
€19,816 ▲ 221%
Current assets
€204,059 ▲ 39.1%
Equity and liabilities €223,875
Equity
€168,982 ▲ 51.1%
Debt
€54,893 ▲ 33.6%
Debt's share of the balance-sheet total falls from 26.9% to 24.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,243▲
2023 · €57,962
Cash flow
€59,597▲
2023 · €52,884
Current ratio
3.72▲
2023 · 3.57
Quick ratio
2.94▲
2023 · 2.54
Debt to equity
0.32▼
2023 · 0.37
ROE
33.8%▼
2023 · 45.9%
ROA
25.5%▼
2023 · 33.5%
Interest coverage
58.12▲
2023 · 33.10
Debt ≤ 1 year
€54,893▲
2023 · €41,089
Income taxes
€14,500▲
2023 · €12,852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 74% 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 39,275 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €233 | €1,602 | €2,414 | ▲ 50.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,994 | - |
| Other operating charges640/8 | €1,508 | €865 | €1,576 | ▲ 82.1% |
| Gross operating margin9900 | €83,437 | €58,828 | €79,812 | ▲ 35.7% |
| Operating profit (loss)9901 | €81,697 | €56,360 | €72,828 | ▲ 29.2% |
| Financial income75/76B | €122 | €9,525 | €148 | ▼ 98.4% |
| Recurring financial income75 | €122 | €9,525 | €148 | ▼ 98.4% |
| Financial charges65/66B | €8,436 | €1,751 | €1,295 | ▼ 26.1% |
| Recurring financial charges65 | €8,436 | €1,751 | €1,295 | ▼ 26.1% |
| Profit (loss) for the period before taxes9903 | €73,383 | €64,134 | €71,682 | ▲ 11.8% |
| Income taxes67/77 | €14,366 | €12,852 | €14,500 | ▲ 12.8% |
| Profit (loss) for the period9904 | €59,017 | €51,282 | €57,182 | ▲ 11.5% |
| Profit (loss) for the period to be appropriated9905 | €59,017 | €51,282 | €57,182 | ▲ 11.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €169,967 | €152,889 | €223,875 | ▲ 46.4% |
| Fixed assets21/28 | €7,777 | €6,175 | €19,816 | ▲ 221% |
| Tangible fixed assets22/27 | €7,777 | €6,175 | €19,816 | ▲ 221% |
| Plant, machinery and equipment23 | - | - | €15,243 | - |
| Furniture and vehicles24 | €7,777 | €6,175 | €4,573 | ▼ 25.9% |
| Current assets29/58 | €162,189 | €146,713 | €204,059 | ▲ 39.1% |
| Stocks and contracts in progress3 | €17,108 | €42,448 | €42,882 | ▲ 1.0% |
| Stocks30/36 | €17,108 | €42,448 | €42,882 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €58,913 | €53,450 | €107,310 | ▲ 101% |
| Trade receivables40 | €58,874 | €53,126 | €96,910 | ▲ 82.4% |
| Other amounts receivable41 | €39 | €324 | €10,399 | ▲ 3,113% |
| Cash at bank and in hand54/58 | €86,168 | €50,816 | €53,867 | ▲ 6.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €169,967 | €152,889 | €223,875 | ▲ 46.4% |
| Equity10/15 | €60,517 | €111,799 | €168,982 | ▲ 51.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €59,017 | €110,299 | €167,482 | ▲ 51.8% |
| Amounts payable17/49 | €109,449 | €41,089 | €54,893 | ▲ 33.6% |
| Amounts payable within one year42/48 | €109,449 | €41,089 | €54,893 | ▲ 33.6% |
| Financial debts43 | - | €306 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €306 | €0 | ▼ 100% |
| Trade debts44 | €26,407 | €9,606 | €27,424 | ▲ 185% |
| Suppliers440/4 | €26,407 | €9,606 | €27,424 | ▲ 185% |
| Advances received on contracts in progress46 | - | - | €11,625 | - |
| Taxes, remuneration and social security45 | €23,043 | €27,332 | €14,616 | ▼ 46.5% |
| Taxes450/3 | €20,893 | €27,332 | €14,616 | ▼ 46.5% |
| Remuneration and social security454/9 | €2,150 | - | - | - |
| Other amounts payable47/48 | €60,000 | €3,845 | €1,229 | ▼ 68.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,017 | €51,282 | €57,182 | ▲ 11.5% |
| + Depreciation and write-downs630 | €233 | €1,602 | €2,414 | ▲ 50.7% |
| Operating cash flow (approximation) | €59,250 | €52,884 | €59,597 | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | €0 | -€16,055 | - |
| Change in cash | - | -€35,352 | €3,051 | ▲ 109% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €150,000Eq €168,982 ▲51.1%
3 profitable years in a row build equity to €168,982.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €51,282 ▼13.1%
Net result drops to €51,282, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.57
Current ratio from 1.48 to 3.57; short-term debt falls from €109,449 to €41,089.
31-12
Financial
Equity above €100,000Eq €111,799 ▲84.7%
2 profitable years in a row build equity to €111,799.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wetteren · 1 establishment unit since 2021
Ground area
3,136 m²
Building footprint
837 m²
Volume, LiDAR
5,325 m³
Parcel 42012B0345/00G000, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Wattify
since 20212.327.155.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42012B0345/00G000 | Flanders | 3,136 m² | 1 · 837 m² | 13.3 m · 2 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 1,289 companies in sector 58290 we hold annual accounts for 594. 471 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
Founded23-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
27900Manufacture of electrical equipment
33200Installation of industrial machinery and equipment
35150Electricity, gas, steam and air conditioning supply
47540Retail sale of electrical household appliances
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777610990
Also
9925:BE0777610990
Registered
05-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.