Active BE 1002.715.031Public limited company

D-Watt

Herkenrodesingel 4B ·3500 Hasselt, Belgium· 2 yrs active

Sector: Algemene elektrotechnische installatiewerken (43211)

Conclusion Checked

The computed 12-month bankruptcy probability of D-Watt is 2.0% (moderate). The 2024 annual accounts show equity of €79k and a net result of €17k. Its solvency ranks better than 11% of 499 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€79k
Net result	€17k
Better than sector	11%
Active	2 yrs

Financial profile 4 of 5 axes measured · computed by Checked

52 / 100

Mixed profile: strong on stability, weaker on solvency.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 60

Profitability 64

Solvency 15

Growth -

Stability 67

Bankruptcy probability (12 mo) Checked model v1 · free

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Lower-risk legal form −

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

Young company

Founded in 2023, under 3 years, statistically higher risk.

No legal incidents

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

Administrative Flags0 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 2024 · computed

60 / 100 Healthy

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview1 NBB filings

Annual accounts filed on 09-07-2025 with the NBB · fiscal year 2024 · volledig

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	3.2%	36.6%	better than 11% of 499 sector peers
Net result	€17k	€19k	better than 48% of 497 sector peers
Equity	€79k	€90k	better than 48% of 499 sector peers
Total assets	€2.49M	€364k	better than 90% of 499 sector peers

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

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	€3.59M
EBITDA	-
Net profit	€17k
Cash flow	-
Staff costs	-
Income taxes	€6k
Dividends	-
Total assets	€2.49M
Equity	€79k
Debt	€2.41M
of which ≤ 1y	€2.32M
of which > 1y	€51k
Working capital	€164k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.07
Quick ratio	1.02
Working capital ratio	6.6%
Solvency	3.2%
Debt / equity	30.63
Long-term debt ratio	0.65
Interest coverage	-
Gross margin	3.7%
Net margin	0.5%
ROA	0.7%
ROE	21.7%
EBITDA margin	-
Days sales outstanding	178d
Days payable outstanding	189d
Inventory turnover	28.45
Days inventory (DSI)	13d

Balance-sheet composition 2024

Equity & liabilities

Equity €79k · 3.2% Debt €2.41M · 96.8%

Full annual accounts (21 line items)

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

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.49M
Current assets	29/58	€2.49M
Stocks & contracts in progress	3	€121k
Amounts receivable within one year	40/41	€1.77M
Cash & bank	54/58	€573k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.49M
Equity	10/15	€79k
Contributions / capital	10/11	€62k
Reserves	13	€855
Accumulated profits (losses)	14	€16k
Amounts payable	17/49	€2.41M
Amounts payable after one year	17	€51k
Amounts payable within one year	42/48	€2.32M
Trade debts payable within one year	44	€1.79M
Income statement
Turnover	70	€3.59M
Operating result	9901	€50k
Financial charges	65	€26k
Result before taxes	9903	€23k
Income taxes	67/77	€6k
Net result for the period	9904	€17k
Result to be appropriated	9905	€17k

Ratios computed by Checked.

Legal Structure

NACE primary	Algemene elektrotechnische installatiewerken(43211)
Legal form	Public limited company(014)
Incorporation	27-11-2023
Status	Active
Postal code	3500

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71327G0668/00T000	Flanders	2,234 m²	1 · 622 m²	19.5 m · 5 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 4 events

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

2025

09-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

08-04-2025

State Gazette act Director changes

2024

23-10-2024

State Gazette act Director changes

01-07-2024

State Gazette act Director changes

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 3 acts

All acts · 3 updated 1 year ago

2025

08-04-2025 BDO Bedrijfsrevisoren appointed as statutory auditor Director changes

BDO Bedrijfsrevisoren, Commissaris

Original publication ↗

Technical details

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2024

23-10-2024 Change of permanent representative Director changes

Original publication ↗

Technical details

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01-07-2024 1 director appointed, 1 resigning Director changes

Sophie Hayen, Vaste vertegenwoordiger
Frederik Bijnens, Vaste vertegenwoordiger

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299

Primary activity highlighted.

Names & trade names

Legal nameNL

D-Watt

Registered office

Herkenrodesingel 4B

3500 Hasselt, Belgium

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

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