Watercrest
The computed 12-month bankruptcy probability of Watercrest is 0.6% (low). The 2024 annual accounts show equity of €24.11M and a net result of €8k. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €24.11M |
| Net result | €8k |
| Active | 18 yrs |
| Board | 1 |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
Show 8 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-22k |
| Net profit | €8k |
| Cash flow | €8k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €25.23M |
| Equity | €24.11M |
| Debt | €1.12M |
| of which ≤ 1y | €1.12M |
| of which > 1y | - |
| Working capital | €8.40M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 8.48 |
| Quick ratio | 8.48 |
| Working capital ratio | 33.3% |
| Solvency | 95.5% |
| Debt / equity | 0.05 |
| Long-term debt ratio | - |
| Interest coverage | -0.09 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.0% |
| ROE | 0.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €25.23M |
| Fixed assets | 21/28 | €15.71M |
| Formation expenses | 20 | €3k |
| Financial fixed assets | 28 | €15.71M |
| Current assets | 29/58 | €9.52M |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €25.23M |
| Equity | 10/15 | €24.11M |
| Contributions / capital | 10/11 | €19.20M |
| Reserves | 13 | €261k |
| Accumulated profits (losses) | 14 | €4.65M |
| Amounts payable | 17/49 | €1.12M |
| Amounts payable within one year | 42/48 | €1.12M |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €-22k |
| Operating result | 9901 | €-23k |
| Financial income | 75 | €275k |
| Financial charges | 65 | €242k |
| Result before taxes | 9903 | €11k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €8k |
| Result to be appropriated | 9905 | €8k |
-
DHR STEVEN DE HERDTDirectorState Gazette act 25068951 (30-05-2025)Current14-04-2025 → present
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 31-12-2007 |
| Status | Active |
| Postal code | 2170 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0303/00S009 | Flanders | 93 m² | 1 · 93 m² | 10.5 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-05-2025 DHR STEVEN DE HERDT appointed as director
- DHR STEVEN DE HERDT, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "DHR STEVEN DE HERDT",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": "2025-04-14",
"evidence_quote": "benoeming bestuurder DHR STEVEN DE HERDT en gemandateerd om wettelijke formaliteiten te verrichten der vennootschap en financiele handelingen te stellen beperkt tot 25.000 eur, met indexsatie op jaarbasis",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "25000"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "decharge_granted",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "DHR STEVEN DE HERDT",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-05-30",
"filing_date": "2025-05-20",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2025-04-13",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0894.655.843",
"name_full": "WATERCREST",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}17-01-2024 All shares are now held by a single shareholder
Technical details
{
"events": [
{
"kind": "eenhoofdigheid_declaration",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": "Michel Van der Auwermeulen",
"firm_city": null,
"firm_name": null,
"office_city": "Beveren",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-17",
"filing_date": "2024-01-15",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2023-12-27",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0894.655.843",
"name_full": "WATERCREST",
"legal_form": "Naamloze vennootschap",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expedition",
"plan financier",
"bankattest",
"verslag bedrijfsrevisor"
],
"shareholders_after": [],
"share_classes_after": []
}| Legal nameNL | Watercrest |