Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
WATEA from Sambreville, company number BE0686563426, closed financial year 2024 with a result of € -1,235 after tax. For that financial year WATEA recorded a gross margin of € -1,235 and equity of € -961,830. Compared with financial year 2023, the result moved from € -1.1 million to € -1,235. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 26, 2025.
€ -961,830
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,235
▲ 100 % less loss than in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1,241
▲ € 970 vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 31,308 | € 22,936 | € 45,991 | € -1,235 | ▼ € 47,227 |
| Profit after taxes | € -5,972 | € -5,611 | € -1,108,359 | € -1,235 | ▲ € 1.1 million |
| Equity | € 153,376 | € 147,765 | € -960,595 | € -961,830 | |
| Total debts | € 1,003,294 | € 992,906 | € 964,722 | € 965,958 | |
| Cash | € 14,418 | € 133 | € 0 | - | |
| Retained profit | € 3,376 | € -2,235 | € -1,110,595 | € -1,111,830 | |
| Bank debt | € 536,848 | € 536,848 | € 0 | € 0 | |
| Balance sheet total | € 1,156,670 | € 1,140,671 | € 4,128 | € 4,128 | |
| Employees (FTE) | 0.4 | 0.3 | - | - |
Key figures of WATEA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to WATEA?
What happened at WATEA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Martin Staelens stepped down as director. NBB
- Cédric Degavre stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1,235. filed late Source: NBB ↗
- Martin Staelens became a director. NBB
- Cédric Degavre became a director. NBB
- New establishment in Sambreville. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,972 loss in 2021 to € 1,235 loss in 2024.
Paid € 334 in corporate taxes since 2021.
Management
The stake of ITM ALIMENTAIRE BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WATEAThe shares are held by ITM ALIMENTAIRE BELGIUM (100%).
Directors
According to the 2024 annual accounts
Martin Staelens
Managing director
Also active at: ITM ALIMENTAIRE BELGIUM, ALIWAR, INTERMADIS, JEREMIL, EMCA Distribution, AJD & Co, HANIMMO, TIENIM +9 more
since 2022 · until 2028
Cédric Degavre
Managing director
Also active at: I.T.M. BELGIUM, MEFOU, KIDOKO, ALIWAR, STASSEM, HANOUX, ROSMO DISTRI, EMCA Distribution +9 more
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Bois Sainte Marie(AUV) 124 box 1
5060 Sambreville
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0686.563.426
- VAT number
- BE 0686.563.426
- Registered office
- Rue Bois Sainte Marie(AUV) 124 bus 1, 5060 Sambreville
- Names & denominations
- WATEA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2017
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings