WATER WARMING TECHNOLOGY
ActiveThe computed 12-month bankruptcy probability of WATER WARMING TECHNOLOGY is 1.7% (moderate). The 2024 annual accounts show equity of €41k and a net result of €9k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 3571 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+6
Solvency15▼-7
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.94 in 2023), and 91.6% 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.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
8.4%
Return on assets
1.9%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 3571 sector peers (2024).
NBB · sector comparisonPosition among 3571 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
31 d late
2022
30 d late
2021
31 d late
2020
72 d late
2019
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k▲ 55.4%
2023 · €6k
2018: €6k
2019: €13k
2020: €5k
2021: €5k
2022: €-3k
2023: €6k
2018 → 2024
Working capital
€-20k▼ 151%
2023 · €-8k
2018: €-8k
2019: €2k
2020: €9k
2021: €6k
2022: €10k
2023: €-8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€28k▲ 19.7%€25k▼ 9.4%€31k▲ 23.2%€41k▲ 29.3%
Operating result€9k-€8k▼ 11.1%€2k▼ 78.9%€14k▲ 747%€21k▲ 50.9%
Net result€5k-€5k▼ 11.8%€-3k€6k€9k▲ 55.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 51% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €483k
Fixed assets
€208k▲ 301%
Current assets
€275k▲ 126%
Equity and liabilities €483k
Equity
€41k▲ 29.3%
Debt
€442k▲ 212%
The debt ratio rises from 81.9% to 91.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€72k▲
2023 · €27k
Cash flow
€60k▲
2023 · €19k
Solvency
8.4%▼
2023 · 18.1%
Current ratio
0.93▼
2023 · 0.94
Quick ratio
0.84▲
2023 · 0.73
Debt / equity
10.91▲
2023 · 4.53
ROE
22.6%▲
2023 · 18.8%
ROA
1.9%▼
2023 · 3.4%
Interest coverage
6.45▲
2023 · 4.91
Debt
€442k▲
2023 · €142k
Debt ≤ 1 year
€295k▲
2023 · €129k
Debt > 1 year
€144k▲
2023 · €11k
Income taxes
€654▼
2023 · €3k
Staff costs
€247k▲
2023 · €134k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€173k€483k▲
Fixed assets21/28€52k€208k▲
Tangible fixed assets22/27€49k€205k▲
Plant, machinery and equipment23€23k€24k▲
Furniture and vehicles24€16k€174k▲
Leasing and similar rights25€9k€6k▼
Other tangible fixed assets26€1k€790▼
Financial fixed assets28€3k€3k=
Current assets29/58€121k€275k▲
Stocks and contracts in progress3€27k€26k▼
Stocks30/36€27k€26k▼
Amounts receivable within one year40/41€95k€238k▲
Trade receivables40€83k€211k▲
Other amounts receivable41€12k€28k▲
Cash at bank and in hand54/58€0€7k▲
Deferred charges and accrued income490/1€46€3k▲
Equity and liabilities
Total equity and liabilities10/49€173k€483k▲
Equity10/15€31k€41k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€11k€20k▲
Amounts payable17/49€142k€442k▲
Amounts payable after more than one year17€11k€144k▲
Financial debts170/4€11k€144k▲
Amounts payable within one year42/48€129k€295k▲
Current portion of amounts payable after more than one year42€20k€36k▲
Trade debts44€99k€196k▲
Suppliers440/4€99k€196k▲
Taxes, remuneration and social security45€10k€57k▲
Taxes450/3€6k€16k▲
Remuneration and social security454/9€4k€41k▲
Other amounts payable47/48-€6k
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€134k€247k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€51k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€165k€324k▲
Operating profit (loss)9901€14k€21k▲
Financial income75/76B€165€131▼
Recurring financial income75€165€131▼
Financial charges65/66B€5k€11k▲
Recurring financial charges65€5k€11k▲
Profit (loss) for the period before taxes9903€9k€10k▲
Income taxes67/77€3k€654▼
Profit (loss) for the period9904€6k€9k▲
Profit (loss) for the period to be appropriated9905€6k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€20k▲
Profit (loss) brought forward from the previous period14P€5k€11k▲
Social balance
Average headcount (FTE)9087-4.4
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-3k ▼157%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 72 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €13k ▲122%
Net result €13k, the highest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 12 days late
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 86 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, Namur · 2 establishment units since 2016
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.
Allée de la Closerie(EP) 815101 NamurGround area
4,045 m²
Building footprint
629 m²
Volume, LiDAR
3,116 m³
2 parcels, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
WATER WARMING TECHNOLOGY
since 20162.250.097.617
WATER WARMING TECHNOLOGY
since 20202.298.896.535
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92039B0047/00T000 | Wallonia | 2,248 m² | 1 · 133 m² | 5.7 m · 2 fl. |
| 92095B0211/00B007 | Wallonia | 1,796 m² | 1 · 496 m² | 9.4 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesWATER WARMING TECHNOLOGY SRL45191
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Of 6,993 companies in sector 43221 we hold annual accounts for 3,445. 2,866 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-2016
Fiscal year end31-12
Abbreviation FR
W.W.T.
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
42990Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@waterwarming.be
Phone:0496/221008
Phone:+32496221008