Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
i-Water from Stekene, company number BE0797293181, closed financial year 2025 with a result of € 1,634 after tax. For that financial year i-Water recorded a gross margin of € 11,375 and equity of € 7,356. Compared with financial year 2024, the result moved from € 12,806 to € 1,634. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 19, 2026.
€ 7,356
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,634
▼ 87% vs 2024
Profit after tax over the fiscal year.
€ 64,178
▲ € 63,692 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 € 7,256.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 42,032
▲ € 41,934 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 85
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 | € -1,045 | € 18,418 | € 11,375 | ▼ 38% |
| Profit after taxes | € -7,183 | € 12,806 | € 1,634 | ▼ 87% |
| Equity | € -7,083 | € 5,722 | € 7,356 | ▲ 29% |
| Total debts | € 25,480 | € 38,933 | € 184,602 | ▲ € 145,669 |
| Cash | € 5,111 | € 486 | € 64,178 | ▲ € 63,692 |
| Retained profit | € -7,183 | € 5,622 | € 7,256 | ▲ 29% |
| Balance sheet total | € 18,397 | € 44,655 | € 191,957 | ▲ € 147,303 |
Key figures of i-Water, 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 i-Water?
What happened at i-Water in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- New establishment in Stekene. KBO
- Start of the company according to the CBE. KBO
- Thomas Apers became a director. NBB
- Wilfried Vermeir Pieter became a director. NBB
In short
From € 7,183 loss in 2023 to € 1,634 profit in 2025.
Paid € 85 in corporate taxes since 2023.
Best year ever: 2024, with € 12,806 profit.
Management
Behind i-Water are Thomas Apers and Wilfried Vermeir Pieter. Thomas Apers is also behind Heatcover, Aqua Republique, Jobco and Carrographics.
Directors
According to the 2025 annual accounts
since 2022
Wilfried Vermeir Pieter
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Nieuwstraat(STE) 115 box A
9190 Stekene
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
- 0797.293.181
- VAT number
- BE 0797.293.181
- Registered office
- Nieuwstraat(STE) 115 bus A, 9190 Stekene
- Names & denominations
- i-Water
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 January 2023
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Overige zakelijke dienstverlening, neg
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts