WattsUp
ActiveSummary
WattsUp has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €368,018 and a net result of €55,176. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-1
Solvency81▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.33 against 4.2 in 2024; short-term debt: 10.2% and cash: 30.4% of total assets), and 44.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 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 →
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
55.6%
Return on assets
8.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
59 d early
2023
57 d early
2022
55 d early
2021
60 d early
2020
58 d early
2019
63 d early
← 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 59 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#5 company by equity in Amay, Professional and technical services sector#6 company by total assets in Amay, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€55,176▼ 5.0%
2024 · €58,091
Working capital
€158,211▼ 29.4%
2024 · €223,949
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
Line20212022202320242025
Operating result€60,285▼ 2.7%€100,844▲ 67.3%€78,009▼ 22.6%€73,914▼ 5.2%€78,777▲ 6.6%
Net result€46,168within the sector's middle half▼ 1.1%€79,077within the sector's middle half▲ 71.3%€59,531within the sector's middle half▼ 24.7%€58,091within the sector's middle half▼ 2.4%€55,176within the sector's middle half▼ 5.0%
Equity€171,143within the sector's middle half▲ 14.1%€225,220within the sector's middle half▲ 31.6%€274,751within the sector's middle half▲ 22.0%€322,842within the sector's middle half▲ 17.5%€368,018within the sector's middle half▲ 14.0%
Total assets€260,702within the sector's middle half▲ 9.4%€326,179within the sector's middle half▲ 25.1%€340,979within the sector's middle half▲ 4.5%€631,471within the sector's middle half▲ 85.2%€661,378within the sector's middle half▲ 4.7%
Debt€89,559▲ 1.4%€100,959▲ 12.7%€66,228▼ 34.4%€308,629▲ 366%€293,360▼ 4.9%
Working capital€140,488▲ 24.3%€202,585▲ 44.2%€257,001▲ 26.9%€223,949▼ 12.9%€158,211▼ 29.4%
Solvency65.6%within the sector's middle half▲ 2.7pp69.0%above the sector's middle half▲ 3.4pp80.6%above the sector's middle half▲ 11.5pp51.1%within the sector's middle half▼ 29.5pp55.6%within the sector's middle half▲ 4.5pp
Staff (FTE)
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €661,378
Fixed assets
€435,377 ▲ 29.0%
Current assets
€226,001 ▼ 23.1%
Equity and liabilities €661,378
Equity
€368,018 ▲ 14.0%
Debt
€293,360 ▼ 4.9%
Debt's share of the balance-sheet total falls from 48.9% to 44.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102,220▲
2024 · €85,713
Cash flow
€78,619▲
2024 · €69,890
Current ratio
3.33▼
2024 · 4.20
Debt to equity
0.80▼
2024 · 0.96
ROE
15.0%▼
2024 · 18.0%
ROA
8.3%▼
2024 · 9.2%
Interest coverage
10.59▼
2024 · 16.98
Debt ≤ 1 year
€67,790▼
2024 · €70,086
Debt > 1 year
€225,570▼
2024 · €238,543
Income taxes
€13,945▲
2024 · €10,776
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 17,792 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €83,409 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,505 | €8,021 | €7,932 | €11,799 | €23,443 | ▲ 98.7% |
| Other operating charges640/8 | €419 | €199 | €502 | €860 | €602 | ▼ 30.0% |
| Non-recurring operating charges66A | €2,378 | - | - | - | - | - |
| Gross operating margin9900 | €71,587 | €109,064 | €86,443 | €86,573 | €102,822 | ▲ 18.8% |
| Operating profit (loss)9901 | €60,285 | €100,844 | €78,009 | €73,914 | €78,777 | ▲ 6.6% |
| Financial charges65/66B | €583 | €626 | €769 | €5,047 | €9,656 | ▲ 91.3% |
| Recurring financial charges65 | €583 | €626 | €769 | €5,047 | €9,656 | ▲ 91.3% |
| Profit (loss) for the period before taxes9903 | €59,702 | €100,218 | €77,240 | €68,867 | €69,121 | ▲ 0.4% |
| Income taxes67/77 | €13,534 | €21,141 | €17,709 | €10,776 | €13,945 | ▲ 29.4% |
| Profit (loss) for the period9904 | €46,168 | €79,077 | €59,531 | €58,091 | €55,176 | ▼ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €46,168 | €79,077 | €59,531 | €58,091 | €55,176 | ▼ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €260,702 | €326,179 | €340,979 | €631,471 | €661,378 | ▲ 4.7% |
| Fixed assets21/28 | €30,655 | €22,635 | €17,750 | €337,436 | €435,377 | ▲ 29.0% |
| Tangible fixed assets22/27 | €28,655 | €20,635 | €15,750 | €335,436 | €433,377 | ▲ 29.2% |
| Land and buildings22 | - | - | - | €319,818 | €429,409 | ▲ 34.3% |
| Plant, machinery and equipment23 | €25,688 | €19,266 | €12,844 | €6,422 | - | - |
| Furniture and vehicles24 | €2,967 | €1,369 | €2,906 | €9,196 | €3,968 | ▼ 56.9% |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Current assets29/58 | €230,047 | €303,544 | €323,229 | €294,035 | €226,001 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €30,541 | €45,060 | €14,844 | €30,542 | €25,022 | ▼ 18.1% |
| Trade receivables40 | €30,041 | €44,560 | €14,344 | €30,042 | €24,522 | ▼ 18.4% |
| Other amounts receivable41 | €500 | €500 | €500 | €500 | €500 | = |
| Cash at bank and in hand54/58 | €199,506 | €258,484 | €308,385 | €263,493 | €200,979 | ▼ 23.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €260,702 | €326,179 | €340,979 | €631,471 | €661,378 | ▲ 4.7% |
| Equity10/15 | €171,143 | €225,220 | €274,751 | €322,842 | €368,018 | ▲ 14.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | - | - | €10,000 | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €10,000 | - |
| Profit (loss) carried forward14 | €150,683 | €204,760 | €256,151 | €304,242 | €339,418 | ▲ 11.6% |
| Amounts payable17/49 | €89,559 | €100,959 | €66,228 | €308,629 | €293,360 | ▼ 4.9% |
| Amounts payable after more than one year17 | - | - | - | €238,543 | €225,570 | ▼ 5.4% |
| Financial debts170/4 | - | - | - | €238,543 | €225,570 | ▼ 5.4% |
| Amounts payable within one year42/48 | €89,559 | €100,959 | €66,228 | €70,086 | €67,790 | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | €9,954 | - | - | €11,457 | €12,973 | ▲ 13.2% |
| Trade debts44 | €7,034 | €73 | €3,578 | €6,980 | €8,048 | ▲ 15.3% |
| Suppliers440/4 | €7,034 | €73 | €3,578 | €6,980 | €8,048 | ▲ 15.3% |
| Taxes, remuneration and social security45 | €51,420 | €58,296 | €50,960 | €34,951 | €35,337 | ▲ 1.1% |
| Taxes450/3 | €44,520 | €55,996 | €48,660 | €32,651 | €33,037 | ▲ 1.2% |
| Remuneration and social security454/9 | €6,900 | €2,300 | €2,300 | €2,300 | €2,300 | = |
| Other amounts payable47/48 | €21,151 | €42,590 | €11,690 | €16,698 | €11,432 | ▼ 31.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,168 | €79,077 | €59,531 | €58,091 | €55,176 | ▼ 5.0% |
| + Depreciation and write-downs630 | €8,505 | €8,021 | €7,932 | €11,799 | €23,443 | ▲ 98.7% |
| Operating cash flow (approximation) | €54,673 | €87,098 | €67,463 | €69,890 | €78,619 | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | -€1 | -€3,047 | -€331,485 | -€121,384 | ▲ 63.4% |
| Change in cash | - | €58,978 | €49,901 | -€44,892 | -€62,514 | ▼ 39.3% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €79,077 ▲71.3%
Operating result €100,844, net result €79,077, both a record.
31-12
Financial
Equity above €200,000Eq €225,220 ▲31.6%
5 profitable years in a row build equity to €225,220.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150,000Eq €171,143 ▲14.1%
4 profitable years in a row build equity to €171,143.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €37,571 ▼12.9%
Net result drops to €37,571, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €105,880 ▲35.2%
2 profitable years in a row build equity to €105,880.
Show earlier events
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Amay · 1 establishment unit since 2013
Ground area
1,734 m²
Building footprint
108 m²
Volume, LiDAR
981 m³
Parcel 61022C0342/00C000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WattsUp
since 20132.255.819.627
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61022C0342/00C000 | Wallonia | 1,734 m² | 1 · 108 m² | 10.0 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.
Similar companies · same sector, comparable size
GEOTECH
BE 0468.343.813
Sprimont · Eq €367,972
PI - CONSULT
BE 0474.551.417
Sint-Katelijne-Waver · Eq €367,871
V2-INVEST
BE 0560.705.332
Roeselare · Eq €368,289
AQUALE
BE 0477.877.428
Namur · Eq €368,306
ANAZ CONSTRUCT
BE 0702.985.229
Wemmel · Eq €367,729
Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,722 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
Founded04-07-2013
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0536436724
Also
9925:BE0536436724
Registered
20-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.