WEWATCH SECURITY

Active

Private limited companyfounded 20179 yrs activeRue des Droits de l'Homme 2, 7000 Mons, BelgiumKBO/BCE: BE 0672.591.565

WEWATCH SECURITY has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74k and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

58 / 100

Fair▼ -42 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency85▼-12

Growth78=

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 1.67 against 1.99 in 2023), but 53.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

46.8%

Return on assets

-1%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 80

Relative position

BE, all sectors

reference

Sector 80

lower

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

8 d early

2023

43 d early

2022

1 d late

2021

27 d late

2020

16 d late

2019

12 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€74k▼ 2.2%

2023 · €76k

2018: €-8k 2019: €7k 2020: €-19k 2021: €-26k 2022: €26k 2023: €76k

2018 → 2024

Total assets

€158k▲ 16.0%

2023 · €136k

2018: €7k 2019: €65k 2020: €78k 2021: €45k 2022: €83k 2023: €136k

2018 → 2024

Net result

€-2k

2023 · €50k

2018: €-8k 2019: €16k 2020: €-27k 2021: €-6k 2022: €39k 2023: €50k

2018 → 2024

Working capital

€57k▼ 5.2%

2023 · €60k

2018: €-9k 2019: €1k 2020: €-32k 2021: €-34k 2022: €19k 2023: €60k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-19k-€-26k▼ 32.6%€26k€76k▲ 196%€74k▼ 2.2%

Operating result€-26k-€-4k▲ 83.5%€52k€62k▲ 18.4%€8k▼ 87.5%

Net result€-27k-€-6k▲ 76.4%€39k€50k▲ 29.2%€-2k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 88% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €158k

11%

89.1%

Fixed assets €17k▲ 9.1%

Current assets €141k▲ 17.0%

Equity and liabilities €158k

46.8%

53.2%

Equity €74k▼ 2.2%

Debt €84k▲ 38.8%

The debt ratio rises from 44.5% to 53.2%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€13k▼

2023 · €66k

Cash flow

€3k▼

2023 · €54k

Solvency

46.8%▼

2023 · 55.5%

Current ratio

1.67▼

2023 · 1.99

Quick ratio

1.67▼

2023 · 1.99

Debt / equity

1.14▲

2023 · 0.80

ROE

-2.2%▼

2023 · 66.2%

ROA

-1.0%▼

2023 · 36.7%

Interest coverage

1.85▼

2023 · 16.63

Debt

€84k▲

2023 · €61k

Debt ≤ 1 year

€84k▲

2023 · €61k

Income taxes

€2k▼

2023 · €18k

Staff costs

€297k▲

2023 · €224k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€136k€158k▲

Fixed assets21/28€16k€17k▲

Intangible fixed assets21€8k€6k▼

Tangible fixed assets22/27€7k€11k▲

Furniture and vehicles24€7k€11k▲

Financial fixed assets28€419€419=

Current assets29/58€121k€141k▲

Amounts receivable within one year40/41€106k€120k▲

Trade receivables40€84k€80k▼

Other amounts receivable41€22k€40k▲

Cash at bank and in hand54/58€15k€21k▲

Equity and liabilities

Total equity and liabilities10/49€136k€158k▲

Equity10/15€76k€74k▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€57k€55k▼

Amounts payable17/49€61k€84k▲

Amounts payable within one year42/48€61k€84k▲

Current portion of amounts payable after more than one year42€10k€10k▼

Trade debts44-€15k

Suppliers440/4-€15k

Taxes, remuneration and social security45€51k€60k▲

Taxes450/3€51k€39k▼

Remuneration and social security454/9-€21k

Income statement Code20232024

Remuneration, social security and pensions62€224k€297k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲

Other operating charges640/8€11k€7k▼

Gross operating margin9900€301k€316k▲

Operating profit (loss)9901€62k€8k▼

Financial income75/76B€10k€7▼

Recurring financial income75€10k€7▼

Financial charges65/66B€4k€7k▲

Recurring financial charges65€4k€7k▲

Profit (loss) for the period before taxes9903€68k€846▼

Income taxes67/77€18k€2k▼

Profit (loss) for the period9904€50k€-2k▼

Profit (loss) for the period to be appropriated9905€50k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€57k€55k▼

Profit (loss) brought forward from the previous period14P€7k€57k▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 6Filings 8

2025

23-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

18-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2018net €50k ▲29.2%

Operating result €62k, net result €50k, both a record.

01-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 1 day late

2022

31-12

Financial Back to profitnet €39k

Net result €39k after 2 loss-making years.

31-12

Financial Liquidity quadruplescurrent ratio 1.42

Current ratio from 0.36 to 1.42; short-term debt falls from €53k to €46k.

27-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 27 days late

2021

16-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 16 days late

2020

31-12

Financial Weakest financial yearnet €-27k ▼270%

Net result drops to €-27k, the lowest in the series; recovery starts the following year.

12-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 12 days late

2019

31-12

Financial Back to profitnet €16k

Net result €16k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 1.02

Current ratio from 0.41 to 1.02.

13-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 13 days late

2018

02-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

Financial 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, Mons · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Rue des Droits de l'Homme 27000 Mons

Ground area

1,479 m²

Building footprint

1,141 m²

Volume, LiDAR

10,782 m³

Parcel 53403G0152/00D000, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

WEWATCH SECURITY

Rue des Droits de l'Homme 2, 7000 MonsInvestigation and security activities

since 20172.263.654.653

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53403G0152/00D000	Wallonia	1,479 m²	1 · 1,141 m²	12.0 m · 3 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.

Similar companies · same sector, comparable size

Crime Prevention

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DEKRA Private Investigations

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VETIM

BE 0478.995.502

Tielt-Winge · Eq €72k

ASO Consulting

BE 0798.507.562

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Of 688 companies in sector 80010 we hold annual accounts for 340. 254 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-03-2017

Fiscal year end31-12

Activities, NACEBEL

80010Investigation and private security services

80100Investigation and security activities

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.