Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WATER-LEAU from Brussel, company number BE0864081443, closed financial year 2025 with a result of € -2.1 million after tax. For that financial year WATER-LEAU recorded revenue of € 4.7 million and equity of € 10.2 million. Compared with financial year 2024, the result moved from € -5 million to € -2.1 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 10.2 million
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.1 million
▲ 59 % less loss than in 2024
Profit after tax over the fiscal year.
€ 696,288
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7 million.
Debts at end 2025
€ 52.5 million
▲ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 2 million
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 392 days on average.
€ 0
▼ 54% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,713,734 | € 5,190,474 | € 4,590,409 | € 4,724,722 | ▲ 3% |
| Profit after taxes | € -3,520,759 | € 1,883,653 | € -4,968,215 | € -2,057,900 | ▲ € 2.9 million |
| Equity | € 15,346,169 | € 17,229,823 | € 12,261,608 | € 10,203,707 | ▼ 17% |
| Total debts | € 28,431,647 | € 33,252,632 | € 49,901,169 | € 56,173,823 | ▲ 13% |
| Cash | € 1,378,804 | € 3,085,454 | € 1,818,642 | € 696,288 | ▼ 62% |
| Land & buildings | € 34,747,800 | € 33,516,628 | € 26,198,918 | € 65,086,610 | ▲ 148% |
| Retained profit | € -1,841,331 | € 42,323 | € -4,925,892 | € -6,983,793 | ▼ € 2.1 million |
| Bank debt | € 25,010,138 | € 31,181,669 | € 46,746,227 | € 52,476,137 | ▲ 12% |
| Balance sheet total | € 43,777,816 | € 50,482,455 | € 62,162,777 | € 66,377,530 | ▲ 7% |
Key figures of WATER-LEAU, 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 WATER-LEAU?
What happened at WATER-LEAU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BERNARD D'OCQUIER stepped down as director. NBB
- CHRISTOPHE MIGNOT stepped down as director. NBB
- MARIO ANTHUENIS stepped down as director. NBB
- ARMELLE MOALIC stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.1 million. Source: NBB ↗
- CHRISTOPHE MIGNOT became a director. NBB
- MARIO ANTHUENIS became a director. NBB
- ARMELLE MOALIC became a director. NBB
In short
From € 3.5 million loss in 2022 to € 2.1 million loss in 2025.
Paid € 197,197 in corporate taxes since 2022.
Best year ever: 2023, with € 1.9 million profit.
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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 shares are held by AXA BELGIUM SA (100%).
Directors
According to the 2025 annual accounts
ARMELLE MOALIC
Director
Also active at: TRANSGA, WIJNEGEM ONTWIKKELINGSMAATSCHAPPIJ, ROYAWYN, EVERE SQUARE, LEX 65, INSTRUCTION, L-PARK, IMMO RAC HASSELT +1 more
since 2021 · until 2027
since 2019 · until 2031
MARIO ANTHUENIS
Director
Also active at: TRANSGA, WIJNEGEM ONTWIKKELINGSMAATSCHAPPIJ, ROYAWYN, BLAUWE TOREN, EVERE SQUARE, PARC DE L'ALLIANCE, LEX 65, INSTRUCTION +3 more
since 2022 · until 2028
CHRISTOPHE MIGNOT
Director
Also active at: TRANSGA, ROYAWYN, EVERE SQUARE, PARC DE L'ALLIANCE, LEX 65, INSTRUCTION, PAL MRS, L-PARK +1 more
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Troonplein 1
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →AXA HOLDINGS BELGIUM
TRANSGA same network
€ 5,559 revenue · 2025
AXA BELGIUM same network
Desclée Frères et Cie
Electricité d'Odessa
+16 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
- 0864.081.443
- VAT number
- BE 0864.081.443
- Registered office
- Troonplein 1, 1000 Brussel
- Names & denominations
- WATER-LEAU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 March 2004
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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