WTR PHL
ActiveSummary
WTR PHL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €15k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-27
Solvency28▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.93 in 2024; short-term debt: 21.5% and cash: 3% of total assets), and 97.1% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
2.9%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 7 filingsDeviation from the deadline
2025
30 d late
2024
87 d early
2023
54 d late
2022
59 d late
2021
51 d late
2020
166 d late
2019
125 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 223%
2024 · €7k
2019: €4k
2020: €5k
2021: €6k
2022: €7k
2023: €8k
2024: €7k
2019 → 2025
Total assets
€745k▲ 472%
2024 · €130k
2019: €176k
2020: €187k
2021: €188k
2022: €176k
2023: €223k
2024: €130k
2019 → 2025
Net result
€15k▼ 51.3%
2024 · €30k
2019: €685
2020: €2k
2021: €1k
2022: €309
2023: €2k
2024: €30k
2019 → 2025
Working capital
€-84k▼ 1,686%
2024 · €-5k
2019: €-23k
2020: €-14k
2021: €-16k
2022: €-11k
2023: €131k
2024: €-5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€7k▲ 4.8%€8k▲ 24.1%€7k▼ 20.6%€21k▲ 223%
Operating result€6k-€7k▲ 14.5%€9k▲ 33.8%€41k▲ 347%€27k▼ 33.7%
Net result€1k-€309▼ 71.7%€2k▲ 424%€30k▲ 1,770%€15k▼ 51.3%
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 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €745k
Fixed assets
€669k ▲ 903%
Current assets
€75k ▲ 18.8%
Equity and liabilities €745k
Equity
€21k ▲ 223%
Debt
€723k ▲ 486%
Debt's share of the balance-sheet total rises from 94.9% to 97.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€65k▲
2024 · €46k
Cash flow
€52k▲
2024 · €35k
Current ratio
0.47▼
2024 · 0.93
Debt to equity
33.85▲
2024 · 18.66
ROE
69.0%▼
2024 · 457.6%
ROA
2.0%▼
2024 · 23.3%
Interest coverage
7.78▼
2024 · 26.03
Debt ≤ 1 year
€160k▲
2024 · €68k
Debt > 1 year
€563k▲
2024 · €55k
Income taxes
€5k▼
2024 · €9k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€130k€745k▲
Fixed assets21/28€67k€669k▲
Tangible fixed assets22/27€67k€669k▲
Land and buildings22-€279k
Furniture and vehicles24€5k€7k▲
Other tangible fixed assets26€62k€372k▲
Assets under construction and advance payments27-€11k
Current assets29/58€63k€75k▲
Amounts receivable within one year40/41€59k€51k▼
Trade receivables40€56k€51k▼
Other amounts receivable41€4k€381▼
Cash at bank and in hand54/58€3k€22k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€130k€745k▲
Equity10/15€7k€21k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€4k€18k▲
Amounts payable17/49€124k€723k▲
Amounts payable after more than one year17€55k€563k▲
Financial debts170/4€34k€183k▲
Other amounts payable178/9€22k€381k▲
Amounts payable within one year42/48€68k€160k▲
Current portion of amounts payable after more than one year42€27k€112k▲
Trade debts44€8k€19k▲
Suppliers440/4€8k€19k▲
Taxes, remuneration and social security45€33k€26k▼
Taxes450/3€33k€26k▼
Other amounts payable47/48€34€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€37k▲
Other operating charges640/8€3k€7k▲
Gross operating margin9900€49k€72k▲
Operating profit (loss)9901€41k€27k▼
Financial income75/76B-€418
Recurring financial income75-€418
Financial charges65/66B€2k€8k▲
Recurring financial charges65€2k€8k▲
Profit (loss) for the period before taxes9903€39k€19k▼
Income taxes67/77€9k€5k▼
Profit (loss) for the period9904€30k€15k▼
Profit (loss) for the period to be appropriated9905€30k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€18k▼
Profit (loss) brought forward from the previous period14P€5k€4k▼
Profit to be distributed694/7€32k-
Return on contributions (dividend)694€32k-
The notes to these accounts (8 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €30k ▲1770%
Operating result €41k, net result €30k, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 2.53
Current ratio from 0.79 to 2.53.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet €309 ▼71.7%
Net result drops to €309, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 166 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 125 days late
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, Gent · 1 establishment unit since 2019
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.
Ijzerweglaan 59050 GentGround area
3,298 m²
Building footprint
750 m²
Volume, LiDAR
26,595 m³
2 parcels, Flanders · tallest building 40.9 m, ±13 floors. Linked by address, not a title deed.
1 establishment unit
Gustaaf Callierlaan 91, 9000 Gent
since 20192.289.296.109
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0450/00C002 | Flanders | 3,151 m² | 1 · 602 m² | 40.9 m · 13 fl. |
| 44804D2845/00T002 | Flanders | 147 m² | 1 · 148 m² | 26.7 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
InvesTuring
BE 0747.729.052
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BRIGERA
BE 0763.999.417
Beveren-Kruibeke-Zwijndrecht · Eq €21,358
Harbourview
BE 0764.632.291
Brugge · Eq €21,368
DIMIFE
BE 0809.746.793
Wellen · Eq €21,375
Florubay
BE 0791.814.760
Wommelgem · Eq €21,376
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 31,280 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
Founded06-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
55209Other holiday and short-stay accommodation
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.