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 1 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 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THE WATER SERVICE COMPANY from Oudenaarde, company number BE0810392042, closed financial year 2025 with a result of € -407,301 after tax. For that financial year THE WATER SERVICE COMPANY recorded a gross margin of € 680,216 and equity of € -332,390. Compared with financial year 2024, the result moved from € -148,137 to € -407,301. 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 July 15, 2026.
€ -332,390
▼ € 407,301 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -407,301
▼ 175 % more loss than in 2024
Profit after tax over the fiscal year.
€ 28,690
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -338,590.
People and assets in 2025
15.1
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 8% vs 2024
€ 70,100 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.
€ 85,730
▲ 107% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1,868
▼ 60% vs 2024
Loans from banks and other lenders, long and short.
€ 248,868
▲ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 153,039
▲ 19% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 877,033 | € 860,587 | € 860,624 | € 680,216 | ▼ 21% |
| Profit after taxes | € 56,169 | € -87,058 | € -148,137 | € -407,301 | ▼ € 259,164 |
| Equity | € 310,106 | € 223,049 | € 74,911 | € -332,390 | ▼ € 407,301 |
| Total debts | € 170,834 | € 339,146 | € 386,072 | € 864,970 | ▲ 124% |
| Cash | € 189,440 | € 29,460 | € 28,658 | € 28,690 | |
| Retained profit | € 303,906 | € 216,849 | € 68,711 | € -338,590 | ▼ € 407,301 |
| Bank debt | € 67,305 | € 59,694 | € 4,684 | € 1,868 | ▼ 60% |
| Balance sheet total | € 480,940 | € 562,194 | € 460,983 | € 532,580 | ▲ 16% |
| Employees (FTE) | 14.1 | 15.8 | 15.2 | 15.1 | ▼ 0.1 |
Key figures of THE WATER SERVICE COMPANY, 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 THE WATER SERVICE COMPANY?
What happened at THE WATER SERVICE COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 407,301. Source: NBB ↗
- Smardix BV became a director. NBB
- POLLET WATER GROUP NV became a director. NBB
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 56,169 profit in 2022 to € 407,301 loss in 2025.
Paid € 23,659 in corporate taxes since 2022.
Best year ever: 2022, with € 56,169 profit.
On average € 45,000 of value added per employee in 2025.
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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 POLLET WATER GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THE WATER SERVICE COMPANYBehind THE WATER SERVICE COMPANY are Smardix BV and POLLET WATER GROUP NV. The shares are held by POLLET WATER GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Dimitri Taillieu
Also active at: TERBASSENWEI, STERIMA, EURAQUA-EUROPE, UNIMID, PPG Belgium, ALTRANS, POLLET GROUP, MICRON +14 more
since 2024
Director · represented by Sofie Pollet Group NV, vertegenwoordigd door Pollet
Also active at: TERBASSENWEI, STERIMA, EURAQUA-EUROPE, UNIMID, POLLET POOL GROUP, ALTRANS, BAYARD EUROPE, MICRON +10 more
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriepark "De Bruwaan" 45J
9700 Oudenaarde
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
- 0810.392.042
- VAT number
- BE 0810.392.042
- Registered office
- Industriepark "De Bruwaan" 45J, 9700 Oudenaarde
- Names & denominations
- THE WATER SERVICE COMPANY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 2009
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
Detailhandel in overige bouwmaterialen, neg
Detailhandel in elektrische huishoudapparaten
Sanitaire werkzaamheden
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)