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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Water Saves from Ellezelles, company number BE0785910628, closed financial year 2025 with a result of € -2,359 after tax. For that financial year Water Saves recorded a gross margin of € -1,828 and equity of € -120,156. Compared with financial year 2024, the result moved from € -15,340 to € -2,359. 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 June 30, 2026.
€ -120,156
▼ € 2,359 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,359
▲ 85 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,541
▲ € 5,520 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -130,156.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 11,282
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -112,226 | € -15,303 | € -1,828 | ▲ € 13,475 |
| Profit after taxes | € -112,458 | € -15,340 | € -2,359 | ▲ € 12,981 |
| Equity | € -102,458 | € -117,798 | € -120,156 | ▼ € 2,359 |
| Total debts | € 153,829 | € 192,499 | € 194,920 | ▲ 1% |
| Cash | € 4,585 | € 21 | € 5,541 | ▲ € 5,520 |
| Retained profit | € -112,458 | € -127,798 | € -130,156 | ▼ € 2,359 |
| Balance sheet total | € 51,371 | € 74,702 | € 74,763 |
Key figures of Water Saves, fiscal years 2023 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 Water Saves?
What happened at Water Saves in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,359. Source: NBB ↗
- New establishment in Ellezelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 112,458 loss in 2023 to € 2,359 loss in 2025.
Management
Behind Water Saves are Josephine Mutshembe and Machiel Asbeek Brusse. The same people are also behind Water Saves Investment Fund. Machiel Asbeek Brusse is also behind The Flow.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue Bruyère 36
7890 Ellezelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0785.910.628
- VAT number
- BE 0785.910.628
- Registered office
- Rue Bruyère 36, 7890 Ellezelles
- Names & denominations
- Water Saves
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 2022
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van frisdranken en water in flessen
Groothandel in dranken, algemeen assortiment
Winning, behandeling en distributie van water
Bouw van civieltechnische werken voor vloeistoffen, neg