Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WATERGATE from Brasschaat, company number BE0770587497, closed financial year 2025 with a result of € 22,603 after tax. For that financial year WATERGATE recorded a gross margin of € 47,214 and equity of € -27,836. Compared with financial year 2024, the result moved from € -47,112 to € 22,603. Profitable, and profit is growing. 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 August 3, 2026.
€ -27,836
▲ € 22,603 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,603
▲ still € 47,112 loss in 2024
Profit after tax over the fiscal year.
€ 26,149
▲ 158% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -39,836.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 637,819
▼ 30% vs 2024
Loans from banks and other lenders, long and short.
€ 102
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 517,521 | € -10,302 | € -3,121 | € 47,214 | ▲ € 50,335 |
| Profit after taxes | € 370,456 | € -19,783 | € -47,112 | € 22,603 | ▲ € 69,714 |
| Equity | € 16,456 | € -3,327 | € -50,438 | € -27,836 | ▲ € 22,603 |
| Total debts | € 368,913 | € 916,500 | € 961,359 | € 865,921 | ▼ 10% |
| Cash | € 75,369 | € 12,371 | € 10,118 | € 26,149 | ▲ 158% |
| Retained profit | € 4,456 | € -15,327 | € -62,438 | € -39,836 | ▲ € 22,603 |
| Dividend | € 366,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 910,000 | € 910,000 | € 637,819 | ▼ 30% |
| Balance sheet total | € 385,369 | € 913,173 | € 910,920 | € 838,085 | ▼ 8% |
Key figures of WATERGATE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WATERGATE?
What happened at WATERGATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,603. filed late Source: NBB ↗
- New establishment in Brasschaat. KBO
- Start of the company according to the CBE. KBO
In short
From € 370,456 profit in 2022 to € 22,603 profit in 2025.
Paid € 123,485 in corporate taxes since 2022.
Best year ever: 2022, with € 370,456 profit.
Paid out € 366,000 in dividends to the owners in total.
A new publication or filing at WATERGATE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DENEVE INVEST, ATLANTIS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WATERGATEBehind WATERGATE is Deneve Invest BV. The shares are held by DENEVE INVEST (66.7%) and ATLANTIS INVEST (33.3%).
Directors
According to the 2025 annual accounts
Director · represented by Wilfried Deneve
Also active at: DENEVE REAL ESTATE, Zorro, DENEVE PROPERTY, DENEVE CONSTRUCT, DENECA INVEST
Shareholders
66.7%
33.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kapelsesteenweg 266
2930 Brasschaat
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →DENEVE REAL ESTATE same network
€ 105,619 gross margin · 2025
Zorro same network
€ 40,573 gross margin · 2025
DENEVE PROPERTY same network
€ -4,787 gross margin · 2025
DENEVE CONSTRUCT same network
€ 365,311 gross margin · 2025
DENECA INVEST same network
€ 149,770 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0770.587.497
- VAT number
- BE 0770.587.497
- Registered office
- Kapelsesteenweg 266, 2930 Brasschaat
- Names & denominations
- WATERGATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 2021
- Peppol
- Active · Active since 16 Sept 2026