Active BE 0886.074.511Private limited company (pre-2019)

WATZ

· 19 yrs active

Sector: Productie van elektriciteit uit niet-hernieuwbare bronnen (35110)

Conclusion Checked

The KBO register records legal situation 050 for WATZ (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €1.31M and a net result of €900k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€1.31M
Net result	€900k
Staff (FTE)	12.4
Better than sector	24%

Financial profile 5 of 5 axes measured · computed by Checked

41 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 24

Profitability 47

Solvency 56

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

10 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 1 judicial reorganisation (+10)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

In judicial reorganisation

Ongoing procedure under court protection (Book XX WER). The company is restructuring.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

24 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 14-12-2021 with the NBB · fiscal year 2021 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 35 · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	13.1%	30.2%	better than 24% of 39 sector peers
Net result	€477k	€133k	better than 57% of 38 sector peers
Equity	€1.31M	€2.01M	better than 44% of 39 sector peers
Total assets	€10.02M	€10.08M	better than 50% of 39 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€43.69M

+14.1% 19-21

EBITDA

€612k

+39.6% 19-21

Net profit

€900k

+28.8% 19-21

Cash flow

€1.03M

+33.6% 19-21

Total assets

€10.02M

+25.2% 19-21

Equity

€1.31M

+54.2% 19-21

Working capital

€1.19M

+0.2% 19-21

Employees (FTE)

12

+5.1% 19-21

Show 13 other metrics

Income taxes

€171k

+28.7% 19-21

Debt

€8.71M

+21.8% 19-21

Debt ≤ 1y

€8.05M

+36.4% 19-21

Debt > 1y

€11k

-97.2% 19-21

Current ratio

1.15

-4.4% 19-21

Quick ratio

1.15

-4.4% 19-21

Solvency

13.1%

+23.1% 19-21

Debt / equity

0.01

-98.2% 19-21

ROE

68.6%

-16.5% 19-21

ROA

9.0%

+2.8% 19-21

Net margin

2.1%

+12.8% 19-21

EBITDA margin

1.4%

+22.3% 19-21

Interest coverage

41.82

+48.7% 19-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	volledig
Revenue	€43.69M
EBITDA	€612k
Net profit	€900k
Cash flow	€1.03M
Staff costs	-
Income taxes	€171k
Dividends	-
Total assets	€10.02M
Equity	€1.31M
Debt	€8.71M
of which ≤ 1y	€8.05M
of which > 1y	€11k
Working capital	€1.19M
Employees (FTE)	12.4

Ratios (computed)

	2021
Current ratio	1.15
Quick ratio	1.15
Working capital ratio	11.9%
Solvency	13.1%
Debt / equity	0.01
Long-term debt ratio	0.01
Interest coverage	41.82
Gross margin	-
Net margin	2.1%
ROA	9.0%
ROE	68.6%
EBITDA margin	1.4%
Days sales outstanding	72d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €777k · 7.8% Current assets €9.24M · 92.2%

Equity & liabilities

Equity €1.31M · 13.1% Debt €8.71M · 86.9%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€10.02M
Fixed assets	21/28	€777k
Intangible fixed assets	21	€174k
Tangible fixed assets	22/27	€250k
Financial fixed assets	28	€352k
Current assets	29/58	€9.24M
Amounts receivable within one year	40/41	€8.66M
Investments	50/53	€17k
Cash & bank	54/58	€212k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€10.02M
Equity	10/15	€1.31M
Reserves	13	€319k
Accumulated profits (losses)	14	€884k
Amounts payable	17/49	€8.71M
Amounts payable after one year	17	€11k
Amounts payable within one year	42/48	€8.05M
Trade debts payable within one year	44	€6.47M
Income statement
Turnover	70	€43.69M
Operating result	9901	€483k
Financial income	75	€185k
Financial charges	65	€20k
Result before taxes	9903	€649k
Income taxes	67/77	€171k
Net result for the period	9904	€477k
Result to be appropriated	9905	€389k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Productie van elektriciteit uit niet-hernieuwbare bronnen(35110)
Legal form	Private limited company (pre-2019)(015)
Incorporation	03-01-2007
Status	Active
Postal code	-
First BS signal	07-01-2022
Latest BS signal	07-01-2022

Establishment units 1 location

WATZ

Distributie van elektriciteit

since 20142.226.519.291

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11346B0465/00B000	Flanders	4,765 m²	1 · 328 m²	19.1 m · 6 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

07-01-2022

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 05-01-2022

2021

14-12-2021