WAT-EXPRESS
ActiveWAT-EXPRESS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €-10k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 50% of 4147 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-46
Solvency61▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.95 in 2024; short-term debt: 60.4% and cash: 32.8% of total assets), but 63.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2025Solvency, return and age of the figures
Solvency
36.2%
Return on assets
-3.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
24 d early
2023
1 d early
2022
1 d early
2021
47 d early
2020
47 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-10k
2024 · €11k
2019: €-21k
2020: €41k
2021: €95k
2022: €18k
2023: €-6k
2024: €11k
2019 → 2025
Working capital
€97k▼ 23.2%
2024 · €126k
2019: €48k
2020: €-3k
2021: €125k
2022: €127k
2023: €93k
2024: €126k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€114k▲ 18.9%€108k▼ 5.4%€120k▲ 10.5%€109k▼ 8.6%
Operating result€120k-€32k▼ 73.1%€2k▼ 93.9%€19k▲ 894%€6k▼ 69.5%
Net result€95k-€18k▼ 80.9%€-6k€11k€-10k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302k
Fixed assets
€23k▼ 47.0%
Current assets
€279k▲ 7.9%
Equity and liabilities €302k
Equity
€109k▼ 8.6%
Debt
€193k▲ 5.8%
The debt ratio rises from 60.3% to 63.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26k▼
2024 · €68k
Cash flow
€10k▼
2024 · €60k
Solvency
36.2%▼
2024 · 39.7%
Current ratio
1.53▼
2024 · 1.95
Quick ratio
0.75▼
2024 · 0.91
Debt / equity
1.76▲
2024 · 1.52
ROE
-9.5%▼
2024 · 9.5%
ROA
-3.4%▼
2024 · 3.8%
Interest coverage
1.45▼
2024 · 6.06
Debt
€193k▲
2024 · €182k
Debt ≤ 1 year
€182k▲
2024 · €133k
Debt > 1 year
€0▼
2024 · €42k
Income taxes
€711▲
2024 · €585
Staff costs
€245k▼
2024 · €272k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€302k€302k▲
Fixed assets21/28€43k€23k▼
Intangible fixed assets21€5k€2k▼
Tangible fixed assets22/27€36k€19k▼
Plant, machinery and equipment23€11k€5k▼
Furniture and vehicles24€3k€209▼
Other tangible fixed assets26€22k€13k▼
Financial fixed assets28€2k€2k=
Current assets29/58€259k€279k▲
Stocks and contracts in progress3€138k€142k▲
Stocks30/36€138k€142k▲
Amounts receivable within one year40/41€16k€17k▲
Trade receivables40€985€6k▲
Other amounts receivable41€15k€11k▼
Cash at bank and in hand54/58€84k€99k▲
Deferred charges and accrued income490/1€20k€21k▲
Equity and liabilities
Total equity and liabilities10/49€302k€302k▲
Equity10/15€120k€109k▼
Contributions10/11€75k€75k=
Reserves13€45k€45k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€0€-10k▼
Amounts payable17/49€182k€193k▲
Amounts payable after more than one year17€42k€0▼
Financial debts170/4€2k€0▼
Other amounts payable178/9€39k€0▼
Amounts payable within one year42/48€133k€182k▲
Current portion of amounts payable after more than one year42€12k€3k▼
Trade debts44€89k€112k▲
Suppliers440/4€89k€112k▲
Taxes, remuneration and social security45€30k€24k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€28k€22k▼
Other amounts payable47/48€1k€44k▲
Accrued charges and deferred income492/3€8k€10k▲
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Remuneration, social security and pensions62€272k€245k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€20k▼
Other operating charges640/8€7k€7k▲
Gross operating margin9900€347k€278k▼
Operating profit (loss)9901€19k€6k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€11k€18k▲
Recurring financial charges65€11k€18k▲
Profit (loss) for the period before taxes9903€12k€-10k▼
Income taxes67/77€585€711▲
Profit (loss) for the period9904€11k€-10k▼
Profit (loss) for the period to be appropriated9905€11k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-10k▼
Profit (loss) brought forward from the previous period14P€-6k€0▲
Transfer to equity691/2€5k€0▼
To other reserves6921€5k€0▼
Social balance
Average headcount (FTE)90877.37.9▲
The notes to these accounts (14 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Equity above €100kEq €114k ▲18.9%
3 profitable years in a row build equity to €114k.
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Highest result since 2019net €95k ▲130%
Operating result €120k, net result €95k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 2.06
Current ratio from 0.99 to 2.06; short-term debt falls from €230k to €117k.
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waterloo · 1 establishment unit since 2009
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.
Chaussée de Bruxelles 631410 WaterlooGround area
7,180 m²
Building footprint
1,308 m²
Volume, LiDAR
10,683 m³
Parcel 25763K0349/00A000, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Carrefour Express
since 20092.178.995.726
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763K0349/00A000 | Wallonia | 7,180 m² | 1 · 1,308 m² | 11.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaterloo2.178.995.726
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Of 10,524 companies in sector 47110 we hold annual accounts for 5,859. 4,618 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2009
Fiscal year end30-06
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.