WATZ
BankruptcySummary
The KBO register records for WATZ the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €1.31M and a net result of €477k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 14-12-2021, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
48 d early
2020
45 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€43.69M▲ 14.1%
2020 · €38.27M
2020: €38.27M
2020 → 2021
EBIT margin
1.1%▲ 0.1pp
2020 · 1.0%
2020: 1.0%
2020 → 2021
Net result
€477k▲ 20.3%
2020 · €397k
2019: €163k
2020: €397k
2019 → 2021
Working capital
€1.19M▲ 0.2%
2020 · €1.19M
2019: €1.18M
2020: €1.19M
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€38.27M€43.69M▲ 14.1%
Equity€570k-€851k▲ 49.2%€1.31M▲ 54.2%
Operating result€63k-€367k▲ 486%€483k▲ 31.6%
Net result€163k-€397k▲ 144%€477k▲ 20.3%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 32% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €10.02M
Fixed assets
€777k ▼ 14.5%
Current assets
€9.24M ▲ 30.3%
Equity and liabilities €10.02M
Equity
€1.31M ▲ 54.2%
Debt
€8.71M ▲ 21.8%
Debt's share of the balance-sheet total falls from 89.4% to 86.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€612k▲
2020 · €438k
Cash flow
€606k▲
2020 · €468k
Current ratio
1.15▼
2020 · 1.20
Debt to equity
0.01▼
2020 · 0.49
ROE
36.4%▼
2020 · 46.7%
ROA
4.8%▼
2020 · 5.0%
Interest coverage
41.82▲
2020 · 28.12
Debt ≤ 1 year
€8.05M▲
2020 · €5.90M
Debt > 1 year
€11k▼
2020 · €413k
Income taxes
€171k▲
2020 · €133k
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 · 2021 against 2020 · 28 lines
Balance sheet
Code20202021
Assets
Total assets20/58€8.00M€10.02M▲
Fixed assets21/28€908k€777k▼
Intangible fixed assets21€131k€174k▲
Tangible fixed assets22/27€276k€250k▼
Financial fixed assets28€502k€352k▼
Current assets29/58€7.09M€9.24M▲
Amounts receivable within one year40/41€4.98M€8.66M▲
Current investments50/53€33k€17k▼
Cash at bank and in hand54/58€2.08M€212k▼
Equity and liabilities
Total equity and liabilities10/49€8.00M€10.02M▲
Equity10/15€851k€1.31M▲
Contributions10/11€109k-
Reserves13€231k€319k▲
Profit (loss) carried forward14€511k€884k▲
Amounts payable17/49€7.15M€8.71M▲
Amounts payable after more than one year17€413k€11k▼
Amounts payable within one year42/48€5.90M€8.05M▲
Trade debts44€4.36M€6.47M▲
Income statement
Code20202021
Turnover70€38.27M€43.69M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€129k▲
Operating profit (loss)9901€367k€483k▲
Recurring financial income75€184k€185k▲
Recurring financial charges65€21k€20k▼
Debt charges650€16k€15k▼
Profit (loss) for the period before taxes9903€530k€649k▲
Income taxes67/77€133k€171k▲
Profit (loss) for the period9904€397k€477k▲
Profit (loss) for the period to be appropriated9905€329k€389k▲
Timeline · acts, filings and financial milestones
2022
07-01
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collectif · event 05-01-2022
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Highest result since 2019net €477k ▲20.3%
Operating result €483k, net result €477k, both a record.
30-06
Financial
Equity above €1MEq €1.31M ▲54.2%
3 profitable years in a row build equity to €1.31M.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
2016
11-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
10-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
10-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
02-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
1 establishment unit since 2014
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.
Ground area
4,765 m²
Building footprint
328 m²
Volume, LiDAR
5,144 m³
Parcel 11346B0465/00B000, Flanders · tallest building 19.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
WATZ
since 20142.226.519.291
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0465/00B000 | Flanders | 4,765 m² | 1 · 328 m² | 19.1 m · 6 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.
Recognitions · licences · registrations
Dual-learning approval
3 endedAdministratief medewerker (so)
Polyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
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Of 815 companies in sector 35110 we hold annual accounts for 631. 428 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-01-2007
Fiscal year end30-06
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35140Electricity, gas, steam and air conditioning supply
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.