WAT-ELEC
ActiveSummary
The computed 12-month bankruptcy probability of WAT-ELEC is 1.6% (moderate). The 2025 annual accounts show equity of €8,250 and a net result of €1,552. Equity has been shrinking by about 17% per year since 2018. Its solvency ranks better than 12% of 1,256 sector peers (NACE 42, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 12-05-2015 Normal situation
- Activity
- Construction of utility projects for electricity and telecommunications NACE 42220and 1 other
- Joint committee
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie · annual accounts 2023
- Establishment unit
- 2.241.897.553 1410 Waterloo, since 12-05-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 10-09-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.6%
- Gross margin
- €75,162
- ▼ 27.8%
- Turnover
- ≈ €230,000
- estimated
- Profit
- €1,552
- ▼ 29.7%
- Equity
- €8,250
- ▲ 23.2%
- Total assets
- €117,491
- ▼ 4.2%
- Staff
- ≈ 1.5 FTE
- estimated
- 2025 accounts filed 28 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthsLast filed accounts filed 28 days late; 1 of the last 3 accounts lateLiquidity: current ratio 0.83, cash €1,608, halvedlowers riskSize: total assets €117,491Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 13% of them on solvency, 9% on liquidity, 39% on profitability and 67% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Lower solvency than 87% of companies in civil engineeringsector median 45.1% · 1,256 companies 7.0% View
Recent changes
- · Gazette deed Registered office moved from Waterlo to WaterlooAppointment: Bardaxoglou Francis (director)
- · Gazette deed Change of role: Isabelle HUEGAERTS, from gérante non statutaire to director
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as WAT-ELEC: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €89,300 and €152,000, founded between 2012 and 2018.
| Company | Total assets | Gross margin |
|---|---|---|
| WAT-ELEC Waterloo | €117,491 | €75,162 |
| EBA TECHNICS Lokeren | €141,284 | €71,236 |
| VEWE INDUSTRIES Boortmeerbeek | €142,774 | €71,892 |
| LORENTELECOM Aiseau-Presles | €151,861 | €84,149 |
| M&T Connections Oudenburg | €96,794 | €48,973 |
| Global Business Cabling Charleroi | €89,254 | €70,788 |
| LINK SAT TELECOM Gent | €123,490 | €129,730 |
Key facts about WAT-ELEC
- What is the company number of WAT-ELEC?
- The company number of WAT-ELEC is 0629.992.135. The VAT number is the same number with BE in front: BE 0629.992.135.
- Where is WAT-ELEC based?
- The registered office is at Avenue de Villequier 9, 1410 Waterloo.Company details
- What does WAT-ELEC do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of WAT-ELEC?
- The legal form of WAT-ELEC is Private limited company (BV).
- When was WAT-ELEC founded?
- WAT-ELEC was founded on 12-05-2015.
- Is WAT-ELEC still active?
- Yes, WAT-ELEC is an active enterprise in the KBO register.
- How many employees does WAT-ELEC have?
- WAT-ELEC had an average of 1.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does WAT-ELEC fall under?
- In its 2023 annual accounts, WAT-ELEC states joint committee 149.01 (Paritair Subcomité voor de elektriciens: installatie en distributie).
- What is the turnover of WAT-ELEC?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €75,162 and 2,678 comparable companies of the same size. It probably lies between €150,000 and €390,000. It is a rough estimate.
- Is WAT-ELEC profitable?
- In financial year 2025, WAT-ELEC made a profit of €1,552.
- Where can I find the annual accounts of WAT-ELEC?
- WAT-ELEC filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WAT-ELEC due?
- WAT-ELEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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