WET
ActiveThe computed 12-month bankruptcy probability of WET is 3.4% (moderate). The 2025 annual accounts show equity of €235k and a net result of €204k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 4852 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+9
Solvency54▲+20
Growth85=
Track record92
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.19 against 0.94 in 2024; short-term debt: 16.4% and cash: 5.9% of total assets), but 70.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · 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
29.2%
Return on assets
25.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 16-03-2026, 137 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
137 d early
2024
174 d early
2023
33 d early
2022
67 d late
2021
26 d late
2020
24 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.20M▲ 53.9%
2024 · €778k
2020: €155k
2021: €371k
2022: €711k
2023: €351k
2024: €778k
2020 → 2025
EBIT margin
22.8%▼ 8.8pp
2024 · 31.6%
2020: -54.4%
2021: -17.9%
2022: 20.9%
2023: -49.3%
2024: 31.6%
2020 → 2025
Net result
€204k▲ 9.6%
2024 · €186k
2020: €-85k
2021: €-66k
2022: €145k
2023: €-175k
2024: €186k
2020 → 2025
Working capital
€551k
2024 · €-18k
2020: €-79k
2021: €-149k
2022: €-8k
2023: €-193k
2024: €-18k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€371k-€711k▲ 91.8%€351k▼ 50.6%€778k▲ 122%€1.20M▲ 53.9%
Equity€-125k-€20k€-156k€30k€235k▲ 671%
Operating result€-66k-€149k€-173k€246k€273k▲ 11.1%
Net result€-66k-€145k€-175k€186k€204k▲ 9.6%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €804k
Fixed assets
€120k▲ 151%
Current assets
€683k▲ 129%
Equity and liabilities €804k
Equity
€235k▲ 671%
Debt
€569k▲ 80.0%
The debt ratio falls from 91.2% to 70.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€296k▲
2024 · €261k
Cash flow
€227k▲
2024 · €201k
Solvency
29.2%▲
2024 · 8.8%
Current ratio
5.19▲
2024 · 0.94
Quick ratio
4.80▲
2024 · 0.94
Debt / equity
2.43▼
2024 · 10.39
ROE
87.0%▼
2024 · 612.4%
ROA
25.4%▼
2024 · 53.8%
Interest coverage
35.32▲
2024 · 4.46
Debt
€569k▲
2024 · €316k
Debt ≤ 1 year
€132k▼
2024 · €316k
Debt > 1 year
€70k
Income taxes
€65k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€347k€804k▲
Fixed assets21/28€48k€120k▲
Intangible fixed assets21€44k€117k▲
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€792€382▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€119€119=
Other financial fixed assets284/8€119€119=
Amounts receivable and cash guarantees285/8€119€119=
Current assets29/58€299k€683k▲
Stocks and contracts in progress3€1k€52k▲
Stocks30/36€1k€52k▲
Goods purchased for resale34€1k€52k▲
Amounts receivable within one year40/41€63k€474k▲
Trade receivables40€50k€467k▲
Other amounts receivable41€12k€7k▼
Cash at bank and in hand54/58€37k€48k▲
Deferred charges and accrued income490/1€197k€110k▼
Equity and liabilities
Total equity and liabilities10/49€347k€804k▲
Equity10/15€30k€235k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€5k€210k▲
Amounts payable17/49€316k€569k▲
Amounts payable after more than one year17-€70k
Financial debts170/4-€70k
Credit institutions173-€70k
Amounts payable within one year42/48€316k€132k▼
Financial debts43-€19k
Credit institutions430/8-€19k
Trade debts44€309k€30k▼
Suppliers440/4€309k€30k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€7k€74k▲
Taxes450/3€7k€74k▲
Other amounts payable47/48€121€7k▲
Accrued charges and deferred income492/3-€367k
Income statement
Code20242025
Operating income70/76A€797k€1.26M▲
Turnover70€778k€1.20M▲
Other operating income74€19k€64k▲
Operating charges60/66A€551k€989k▲
Goods for resale, raw materials and consumables60€353k€589k▲
Purchases600/8€354k€640k▲
Change in stocks: decrease (increase)609€-1k€-50k▼
Services and other goods61€163k€376k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€23k▲
Other operating charges640/8€20k€625▼
Operating profit (loss)9901€246k€273k▲
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Other financial income752/9€2k€5k▲
Financial charges65/66B€59k€8k▼
Recurring financial charges65€58k€8k▼
Other financial charges652/9€58k€8k▼
Non-recurring financial charges66B€111-
Profit (loss) for the period before taxes9903€189k€269k▲
Income taxes67/77€2k€65k▲
Taxes670/3€2k€65k▲
Profit (loss) for the period9904€186k€204k▲
Profit (loss) for the period to be appropriated9905€186k€204k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€210k▲
Profit (loss) brought forward from the previous period14P€-181k€5k▲
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
KBO administration
Address struck
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2020net €204k ▲9.6%
Operating result €273k, net result €204k, both a record.
31-12
Financial
Liquidity times 5current ratio 5.19
Current ratio from 0.94 to 5.19; short-term debt falls from €316k to €132k.
31-12
Financial
Equity above €200kEq €235k ▲671%
2 profitable years in a row build equity to €235k.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €186k
Net result €186k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-175k ▼221%
Net result drops to €-175k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 67 days late
2022
31-12
Financial
Back to profitnet €145k
Net result €145k after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2020
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.
Doenaertstraat(Mar) 68510 KortrijkGround area
3,903 m²
Building footprint
648 m²
Volume, LiDAR
3,439 m³
Parcel 34026A0402/00K002, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WATASOFTANA
since 20202.303.665.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0402/00K002 | Flanders | 3,903 m² | 1 · 648 m² | 6.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 3 entries · 70,052 EUR awarded · 60,052 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 70,052 EUR | 60,052 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
6994002U7LAW6E9XFE41
Similar companies · same sector, comparable size
Solus Engineering
BE 0833.394.801
Gent · Eq €235k
Degryse-Staelens
BE 0638.794.488
Torhout · Eq €234k
LAURENS BELGIUM
BE 0462.205.592
Hechtel-Eksel · Eq €233k
ROELS & CO
BE 0480.163.955
Kontich · Eq €238k
NOVIA DUE
BE 0455.937.414
Beveren-Kruibeke-Zwijndrecht · Eq €241k
Of 473 companies in sector 46842 we hold annual accounts for 346. 249 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-02-2020
Fiscal year end31-12
Activities, NACEBEL
46842Wholesale trade
46831Wholesale of construction materials, general range
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.