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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WATERTECH from Herstal, company number BE0806996844, closed financial year 2025 with a result of € -364,032 after tax. For that financial year WATERTECH recorded a gross margin of € 985,734 and equity of € -474,708. Compared with financial year 2024, the result moved from € -635,567 to € -364,032. 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.
€ -474,708
▼ € 378,246 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -364,032
▲ 43 % less loss than in 2024
Profit after tax over the fiscal year.
€ 26,754
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -741,478.
People and assets in 2025
20.9
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 6% vs 2024
€ 48,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 159,981
▼ 37% vs 2024
Of which on lease € 155,487.
Debts at end 2025
€ 1.5 million
▼ 21% vs 2024
€ 190,180 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 875,104
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 711,025
▲ 127% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,083,027 | € 1,547,018 | € 919,925 | € 985,734 | ▲ 7% |
| Profit after taxes | € -35,225 | € 85,309 | € -635,567 | € -364,032 | ▲ € 271,534 |
| Equity | € 444,017 | € 511,839 | € -96,462 | € -474,708 | ▼ € 378,246 |
| Total debts | € 2,970,179 | € 4,648,669 | € 4,065,478 | € 3,834,480 | ▼ 6% |
| Cash | € 29,024 | € 32,374 | € 25,162 | € 26,754 | ▲ 6% |
| Land & buildings | € 1,275,784 | € 1,373,908 | € 1,317,047 | € 1,321,047 | |
| Retained profit | € 172,812 | € 258,122 | € -377,445 | € -741,478 | ▼ € 364,032 |
| Bank debt | € 1,942,969 | € 1,966,081 | € 1,931,659 | € 1,534,218 | ▼ 21% |
| Balance sheet total | € 3,414,196 | € 5,160,508 | € 3,969,016 | € 3,359,771 | ▼ 15% |
| Employees (FTE) | 18.7 | 22.6 | 22.4 | 20.9 | ▼ 1.5 |
Key figures of WATERTECH, 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 WATERTECH?
What happened at WATERTECH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 364,032. Source: NBB ↗
- Sonia Varsak stepped down as director. NBB
- SOTAY SRL stepped down as director. NBB
- Sonia Varsak became a director. NBB
- SOTAY SRL became a director. NBB
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,225 loss in 2022 to € 364,032 loss in 2025.
Paid € 8,268 in corporate taxes since 2022.
Best year ever: 2023, with € 85,309 profit.
On average € 47,200 of value added per employee in 2025.
Management
The stake of SOTAY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WATERTECHThe shares are held by SOTAY (25.3%).
Directors
According to the 2025 annual accounts
Sonia Varsak
Director
since 2023 · until 2026
since 2023 · until 2026
Shareholders
25.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de l'Eperonnerie 21
4041 Herstal
Route de Tilice 3
4041 Herstal
Active since 9 October 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0806.996.844
- VAT number
- BE 0806.996.844
- Registered office
- Rue de l'Eperonnerie 21, 4041 Herstal
- Names & denominations
- WATERTECH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2008
- Peppol
- Active · Active since 3 Nov 2025
- Contact
- water-tech.be
- Activities · NACE
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