WATINCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €220k and a net result of €52k. Equity is growing by ~64.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 3321 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
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 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
51 d early
2022
68 d early
2021
67 d early
2020
36 d early
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€220k▲ 29.5%
2023 · €170k
2018: €9k
2019: €9k
2020: €9k
2021: €65k
2022: €117k
2023: €170k
2018 → 2024
Net result
€52k▼ 5.4%
2023 · €55k
2018: €41k
2019: €45k
2020: €46k
2021: €57k
2022: €51k
2023: €55k
2018 → 2024
Total assets
€235k▲ 27.0%
2023 · €185k
2018: €56k
2019: €64k
2020: €67k
2021: €76k
2022: €126k
2023: €185k
2018 → 2024
Solvency
93.6%▲ 1.8pp
2023 · 91.8%
2018: 16.5%
2019: 14.4%
2020: 13.2%
2021: 86.0%
2022: 92.5%
2023: 91.8%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9k-€65k▲ 644%€117k▲ 78.7%€170k▲ 45.4%€220k▲ 29.5%
Operating result€63k-€85k▲ 34.2%€78k▼ 8.8%€81k▲ 3.8%€76k▼ 5.9%
Net result€46k-€57k▲ 24.2%€51k▼ 10.3%€55k▲ 6.3%€52k▼ 5.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €235k
Fixed assets
€3k▼ 18.6%
Current assets
€232k▲ 28.0%
Equity and liabilities €235k
Equity
€220k▲ 29.5%
Debt
€15k▼ 0.6%
The debt ratio falls from 8.2% to 6.4%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
93.6%▲
2023 · 91.8%
ROE
23.5%▼
2023 · 32.2%
ROA
22.0%▼
2023 · 29.5%
Debt
€15k▼
2023 · €15k
Debt ≤ 1 year
€15k▲
2023 · €14k
Income taxes
€27k▼
2023 · €28k
Staff costs
€51k▲
2023 · €49k
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€185k€235k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€50€50=
Current assets29/58€181k€232k▲
Amounts receivable within one year40/41€3k€3k▲
Other amounts receivable41€3k€3k▲
Current investments50/53€120k€174k▲
Cash at bank and in hand54/58€49k€51k▲
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€185k€235k▲
Equity10/15€170k€220k▲
Contributions10/11€6k€6k=
Reserves13€164k€214k▲
Distributable reserves133€164k€214k▲
Profit (loss) carried forward14€2-
Amounts payable17/49€15k€15k▼
Amounts payable within one year42/48€14k€15k▲
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3-€467
Remuneration and social security454/9€12k€13k▲
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€2k€316▼
Income statement
Code20232024
Remuneration, social security and pensions62€49k€51k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€879€904▲
Gross operating margin9900€133k€131k▼
Operating profit (loss)9901€81k€76k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€121€92▼
Recurring financial charges65€121€92▼
Profit (loss) for the period before taxes9903€83k€79k▼
Income taxes67/77€28k€27k▼
Profit (loss) for the period9904€55k€52k▼
Profit (loss) for the period to be appropriated9905€55k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€52k▼
Profit (loss) brought forward from the previous period14P€1€2▲
Transfer from equity791/2-€2k
Transfer to equity691/2€53k€52k▼
To other reserves6921€53k€52k▼
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €220k ▲29.5%
7 profitable years in a row build equity to €220k.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €170k ▲45.4%
6 profitable years in a row build equity to €170k.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €117k ▲78.7%
5 profitable years in a row build equity to €117k.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €57k ▲24.2%
Operating result €85k, net result €57k, both a record.
31-12
Financial
Liquidity times 7current ratio 7.17
Current ratio from 1.08 to 7.17; short-term debt falls from €56k to €10k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gesves · 1 establishment unit since 2012
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.
Rue des Moulins 145340 GesvesGround area
969 m²
Building footprint
135 m²
Parcel 92054E0377/00D002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Moulins 14, 5340 Gesves
since 20122.206.242.432
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92054E0377/00D002 | Wallonia | 969 m² | 1 · 135 m² | - |
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.
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Of 4,682 companies in sector 66220 we hold annual accounts for 3,227. 2,805 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-12-2011
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.