WATERPAS PROJECTS
ActiveThe file of WATERPAS PROJECTS contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
For WATERPAS PROJECTS, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is 0.5% (very low). The 2022 annual accounts show equity of €162k and a net result of €-16k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 17217 sector peers (fiscal year 2022).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability30▲+6
Solvency55▼-2
Growth32=
Track record85
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
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 · 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 2022Solvency, return and age of the figures
Solvency
29.5%
Return on assets
-2.9%
Age of the figures
45 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 16-11-2023, 108 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
108 d late
2021
29 d late
2020
31 d early
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€162k▼ 9.1%
2021 · €178k
2018: €235k
2019: €54k
2020: €206k
2021: €178k
2018 → 2022
Total assets
€547k▼ 0.2%
2021 · €548k
2018: €1.05M
2019: €321k
2020: €581k
2021: €548k
2018 → 2022
Net result
€-16k▲ 43.7%
2021 · €-29k
2018: €20k
2019: €-181k
2020: €152k
2021: €-29k
2018 → 2022
Working capital
€162k▼ 9.1%
2021 · €178k
2018: €235k
2019: €54k
2020: €206k
2021: €178k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€235k-€54k▼ 77.0%€206k▲ 282%€178k▼ 13.9%€162k▼ 9.1%
Operating result€20k-€-178k€152k€-29k€-16k▲ 43.7%
Net result€20k-€-181k€152k€-29k€-16k▲ 43.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2022 against €29k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €547k
Equity
€162k ▼ 9.1%
Debt
€386k ▲ 4.1%
Debt's share of the balance-sheet total rises from 67.6% to 70.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.42▼
2021 · 1.48
Quick ratio
1.18▼
2021 · 1.23
Debt to equity
2.39▲
2021 · 2.08
ROE
-10.0%▲
2021 · -16.1%
ROA
-2.9%▲
2021 · -5.2%
Debt ≤ 1 year
€386k▲
2021 · €370k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 26 lines
Balance sheet
Code20212022
Assets
Total assets20/58€548k€547k▼
Current assets29/58€548k€547k▼
Stocks and contracts in progress3€93k€93k=
Contracts in progress37€93k€93k=
Amounts receivable within one year40/41€456k€455k▼
Trade receivables40€36k€36k=
Other amounts receivable41€420k€419k▼
Equity and liabilities
Total equity and liabilities10/49€548k€547k▼
Equity10/15€178k€162k▼
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Profit (loss) carried forward14€-822k€-838k▼
Amounts payable17/49€370k€386k▲
Amounts payable within one year42/48€370k€386k▲
Trade debts44€83k€2k▼
Suppliers440/4€83k€2k▼
Other amounts payable47/48€287k€384k▲
Income statement
Code20212022
Other operating charges640/8€4k€635▼
Gross operating margin9900€-25k€-15k▲
Operating profit (loss)9901€-29k€-16k▲
Profit (loss) for the period before taxes9903€-29k€-16k▲
Profit (loss) for the period9904€-29k€-16k▲
Profit (loss) for the period to be appropriated9905€-29k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-822k€-838k▼
Profit (loss) brought forward from the previous period14P€-794k€-822k▼
Timeline · acts, filings and financial milestones
2024
19-04
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · WATERPAS PROJECTS NV BRUGSTRAAT 71, 3740 BILZEN · event 15-04-2024
11-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · WATERPAS PROJECTS NV BRUGSTRAAT 71, 3740 BILZEN · event 05-03-2024
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 108 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €152k
Net result €152k after one loss-making year.
31-12
Financial
Equity above €200kEq €206k ▲282%
Equity rises from €54k to €206k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-181k ▼998%
Net result drops to €-181k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 122 days late
Show earlier events
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
2014
26-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 57 days late
2013
19-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 111 days late
SignalFinancial 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
1 establishment unit since 2008
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.
Ground area
3,454 m²
Building footprint
236 m²
Volume, LiDAR
2,022 m³
2 parcels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Waterpas Projects
since 20082.170.364.805
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73005B0217/00P005 | Flanders | 3,108 m² | 1 · 160 m² | 10.3 m · 3 fl. |
| 73006H0998/00M000 | Flanders | 346 m² | 1 · 75 m² | 13.3 m · 3 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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | FELIX RUYSSCHAERT PIEPELPOEL 13,
3700 TONGEREN |
05-03-2024 → 15-04-2024 |
| Curator | MARK BERNA-
ERTS PIEPELPOEL 13, 3700 TONGEREN- |
05-03-2024 → 15-04-2024 |
| Curator | STEFANIE GROSEMANS PIEPEL-
POEL 13, 3700 TONGEREN |
05-03-2024 → 15-04-2024 |
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Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,334 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.