Watrix
ActiveSummary
Watrix has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €781k and a net result of €276k. Equity is growing by ~50.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+6
Solvency56▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 1.4 in 2024; short-term debt: 12.2% and cash: 16.1% of total assets), but 69.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.7%
Return on assets
10.9%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
30 d late
2022
7 d early
2021
47 d late
2020
89 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€781k▲ 54.7%
2024 · €505k
2018: €51k
2019: €66k
2020: €91k
2021: €173k
2022: €261k
2023: €412k
2024: €505k
2018 → 2025
Total assets
€2.54M▼ 1.6%
2024 · €2.58M
2018: €180k
2019: €210k
2020: €670k
2021: €711k
2022: €2.28M
2023: €2.28M
2024: €2.58M
2018 → 2025
Net result
€276k▲ 77.5%
2024 · €156k
2018: €30k
2019: €15k
2020: €25k
2021: €82k
2022: €88k
2023: €151k
2024: €156k
2018 → 2025
Working capital
€422k▲ 96.2%
2024 · €215k
2018: €46k
2019: €58k
2020: €124k
2021: €153k
2022: €153k
2023: €178k
2024: €215k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€173k-€261k▲ 50.8%€412k▲ 57.6%€505k▲ 22.5%€781k▲ 54.7%
Operating result€126k-€129k▲ 2.2%€261k▲ 102%€273k▲ 4.7%€437k▲ 59.9%
Net result€82k-€88k▲ 7.0%€151k▲ 71.2%€156k▲ 3.3%€276k▲ 77.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.54M
Fixed assets
€1.81M ▼ 1.3%
Current assets
€732k ▼ 2.3%
Equity and liabilities €2.54M
Equity
€781k ▲ 54.7%
Provisions
€552 =
Debt
€1.76M ▼ 15.3%
Debt's share of the balance-sheet total falls from 80.4% to 69.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€532k▲
2024 · €363k
Cash flow
€371k▲
2024 · €245k
Current ratio
2.36▲
2024 · 1.40
Debt to equity
2.25▼
2024 · 4.12
ROE
35.4%▲
2024 · 30.8%
ROA
10.9%▲
2024 · 6.0%
Interest coverage
11.19▲
2024 · 8.47
Debt ≤ 1 year
€311k▼
2024 · €534k
Debt > 1 year
€1.42M▼
2024 · €1.49M
Income taxes
€123k▲
2024 · €83k
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 · 2025 against 2024 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.58M€2.54M▼
Fixed assets21/28€1.84M€1.81M▼
Tangible fixed assets22/27€1.83M€1.81M▼
Land and buildings22€1.58M€1.57M▼
Plant, machinery and equipment23€6k€11k▲
Furniture and vehicles24€22k€29k▲
Other tangible fixed assets26€227k€203k▼
Financial fixed assets28€3k€3k=
Current assets29/58€749k€732k▼
Amounts receivable after more than one year29€181k€181k=
Trade receivables290€181k€0▼
Other amounts receivable291-€181k
Amounts receivable within one year40/41€331k€92k▼
Trade receivables40€327k€62k▼
Other amounts receivable41€4k€31k▲
Current investments50/53-€11k
Cash at bank and in hand54/58€229k€410k▲
Deferred charges and accrued income490/1€9k€38k▲
Equity and liabilities
Total equity and liabilities10/49€2.58M€2.54M▼
Equity10/15€505k€781k▲
Contributions10/11€19k€19k=
Reserves13€486k€763k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€482k€759k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€552€552=
Deferred taxes168€552€552=
Amounts payable17/49€2.08M€1.76M▼
Amounts payable after more than one year17€1.49M€1.42M▼
Financial debts170/4€1.49M€1.42M▼
Amounts payable within one year42/48€534k€311k▼
Current portion of amounts payable after more than one year42€72k€73k▲
Financial debts43€47k€3k▼
Credit institutions430/8€46k€3k▼
Other loans439€556€0▼
Trade debts44€251k€29k▼
Suppliers440/4€251k€29k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€88k€196k▲
Taxes450/3€88k€196k▲
Other amounts payable47/48€76k€10k▼
Accrued charges and deferred income492/3€54k€33k▼
Income statement
Code20242025
Non-recurring operating income76A-€350
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€95k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€2k▼
Other operating charges640/8€4k€11k▲
Non-recurring operating charges66A€14k€0▼
Gross operating margin9900€386k€545k▲
Operating profit (loss)9901€273k€437k▲
Financial income75/76B€8k€10k▲
Recurring financial income75€8k€10k▲
Financial charges65/66B€43k€48k▲
Recurring financial charges65€43k€48k▲
Profit (loss) for the period before taxes9903€239k€400k▲
Transfer from deferred taxes780€276€0▼
Income taxes67/77€83k€123k▲
Profit (loss) for the period9904€156k€276k▲
Transfer from tax-exempt reserves789€1k€0▼
Profit (loss) for the period to be appropriated9905€157k€276k▲
Appropriation of the result
Profit (loss) to be appropriated9906€157k€276k▲
Transfer from equity791/2€30k€0▼
Transfer to equity691/2€124k€276k▲
To other reserves6921€124k€276k▲
Profit to be distributed694/7€63k€0▼
Return on contributions (dividend)694€63k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (24 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €276k ▲77.5%
Operating result €437k, net result €276k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €505k ▲22.5%
7 profitable years in a row build equity to €505k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €261k ▲50.8%
5 profitable years in a row build equity to €261k.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 47 days late
2021
31-12
Financial
Equity above €150kEq €173k ▲90.3%
4 profitable years in a row build equity to €173k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €15k ▼50.7%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Oosterzele · 1 establishment unit since 2006
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.
Voordries 19860 OosterzeleGround area
1.7 ha
Building footprint
721 m²
Volume, LiDAR
5,248 m³
2 parcels, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
De Jaegher Zwembaden
since 20062.158.204.369
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052C1020/00B000 | Flanders | 9,890 m² | 1 · 269 m² | 12.5 m · 3 fl. |
| 45030A0150/00F000 | Flanders | 7,066 m² | 1 · 453 m² | 11.7 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.
Similar companies · same sector, comparable size
HURIAUX CONSTRUCTION
BE 0755.912.684
La Louvière · Eq €779,999
VF ZWEMBADEN
BE 0822.385.992
Beringen · Eq €779,022
BETONWERKEN LOMBAERT
BE 0876.822.590
Ternat · Eq €783,714
Projectbouw Borgonjon
BE 0472.289.931
Maldegem · Eq €784,225
FLOWMOTION
BE 0839.233.904
Aalst · Eq €778,022
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 3,733 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 formPrivate limited company
Founded23-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.