Active BE 0765.682.069Private limited company

BWatt

Place de Carnières(CAR) 30 ·7141 Morlanwelz, Belgium· 5 yrs active

Sector: Wholesale trade (46130)

Conclusion Checked

The computed 12-month bankruptcy probability of BWatt is 3.9% (moderate). The 2023 annual accounts show negative equity (€-53k) and a net result of €-37k. Equity is shrinking by ~114% per year across the filed fiscal years. Its solvency ranks better than 15% of 2975 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-53k
Net result	€-37k
Better than sector	15%
Active	5 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

68 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 45

Profitability 100

Solvency 67

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

3.9% Moderate

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

45 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~114%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-33.2%	25.2%	better than 15% of 2975 sector peers
Net result	€-37k	€4k	better than 9% of 2965 sector peers
Equity	€-53k	€20k	better than 8% of 2986 sector peers
Gross operating margin	€-26k	€18k	better than 6% of 2955 sector peers
Total assets	€161k	€102k	better than 63% of 2975 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-30k

+59.7% 21-23

Net profit

€-37k

+55.1% 21-23

Cash flow

€-30k

+59.8% 21-23

Total assets

€161k

-8.5% 21-23

Equity

€-53k

-218.6% 21-23

Working capital

€67k

+6.3% 21-23

Debt

€211k

+9.7% 21-23

Debt ≤ 1y

€60k

-34.3% 21-23

Debt > 1y

€150k

+50.0% 21-23

Current ratio

2.11

+25.2% 21-23

Quick ratio

1.53

+17.2% 21-23

Solvency

-33.2%

-248.3% 21-23

Debt / equity

-3.96

+65.6% 21-23

ROE

68.6%

-85.9% 21-23

ROA

-22.8%

+50.9% 21-23

Interest coverage

-117.12

-44.3% 21-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€-30k
Net profit	€-37k
Cash flow	€-30k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€161k
Equity	€-53k
Debt	€211k
of which ≤ 1y	€60k
of which > 1y	€150k
Working capital	€67k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	2.11
Quick ratio	1.53
Working capital ratio	41.4%
Solvency	-33.2%
Debt / equity	-3.96
Long-term debt ratio	-2.81
Interest coverage	-117.12
Gross margin	-
Net margin	-
ROA	-22.8%
ROE	68.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €34k · 21.1% Current assets €127k · 78.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€161k
Fixed assets	21/28	€34k
Formation expenses	20	€637
Intangible fixed assets	21	€15k
Tangible fixed assets	22/27	€19k
Current assets	29/58	€127k
Stocks & contracts in progress	3	€35k
Amounts receivable within one year	40/41	€38k
Cash & bank	54/58	€53k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€161k
Equity	10/15	€-53k
Contributions / capital	10/11	€90k
Accumulated profits (losses)	14	€-143k
Provisions & deferred taxes	16	€3k
Amounts payable	17/49	€211k
Amounts payable after one year	17	€150k
Amounts payable within one year	42/48	€60k
Trade debts payable within one year	44	€32k
Income statement
Gross operating margin	9900	€-26k
Operating result	9901	€-36k
Financial charges	65	€256
Result before taxes	9903	€-37k
Net result for the period	9904	€-37k
Result to be appropriated	9905	€-37k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 4 directors

Current directors & mandates

Nicolas Rossion
Director (executive)
State Gazette act 24108034 (17-07-2024)

Current
17-07-2024 → present
Stephan Bussing
Director (executive)
State Gazette act 24108034 (17-07-2024)

Current
17-07-2024 → present

Former directors (2)

Jean-Paul Pütz
Director (executive)
State Gazette act 24108034 (17-07-2024)

Former
- → 17-07-2024
Sebastian Moreno-Vacca
Director (executive)
State Gazette act 24108034 (17-07-2024)

Former
- → 17-07-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Wholesale trade(46130)
Legal form	Private limited company(610)
Incorporation	25-03-2021
Status	Active
Postal code	7141

Establishment units 1 location

Place de Carnières(CAR) 30, 7141 Morlanwelz

Handelsbemiddeling in verf en vernis

since 20212.317.010.393

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56015D0158/00Y000	Wallonia	321 m²	1 · 198 m²	8.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

30-09-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

17-07-2024

State Gazette act Director changes

08-02-2024

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

30-09-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

12-08-2022

State Gazette act Capital & shares

Nicolas Demolin

Belgisch Staatsblad, acts 2 acts

Capital history · 1

12-08-2022

Capital change

All acts · 2 updated 2 years ago

2024

17-07-2024 2 directors appointed, 2 resigning Director changes

Nicolas Rossion, Directeur
Stephan Bussing, Directeur
Jean-Paul Pütz, Directeur
Sebastian Moreno-Vacca, Directeur

Original publication ↗

Technical details

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2022

12-08-2022 Capital increase of €80,000 Capital & shares·Nicolas Demolin

Inbreng in geld · Apport en numéraire

Notary: Nicolas Demolin · Manage

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Handelsbemiddeling in hout en bouwmaterialen46130Handelsbemiddeling in de groothandel in hout en bouwmaterialen46130Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Overige technische testen en toetsen71209Overige technische testen en toetsen71209Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameFR

BWatt

Registered office

Place de Carnières(CAR) 30

7141 Morlanwelz, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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