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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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WATER-WORKS from Houthalen-Helchteren, company number BE1005056590, closed financial year 2025 with a result of € 10,540 after tax. For that financial year WATER-WORKS recorded a gross margin of € 255,457 and equity of € 28,869. Compared with financial year 2024, the result moved from € 5,661 to € 10,540. Profitable, and profit is growing. 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 July 17, 2026.
€ 28,869
▲ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,540
▲ 86% vs 2024
Profit after tax over the fiscal year.
€ 10,194
▲ 116% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,666 paid out
16 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 160,472
▲ 89% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 34,094
▲ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 475,484
▲ 17% vs 2024
€ 41,648 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 6,186
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,629
▲ 127% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 156,797 | € 255,457 | ▲ 63% |
| Profit after taxes | € 5,661 | € 10,540 | ▲ 86% |
| Equity | € 19,995 | € 28,869 | ▲ 44% |
| Total debts | € 556,193 | € 502,285 | ▼ 10% |
| Cash | € 4,721 | € 10,194 | ▲ 116% |
| Land & buildings | € 402,426 | € 382,618 | ▼ 5% |
| Retained profit | € 3,995 | € 12,869 | ▲ 222% |
| Dividend | € 1,666 | € 1,666 | |
| Bank debt | € 405,144 | € 475,484 | ▲ 17% |
| Balance sheet total | € 576,188 | € 531,154 | ▼ 8% |
Key figures of WATER-WORKS, fiscal years 2024 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-WORKS?
What happened at WATER-WORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,540 (▲ 86% vs 2024). Source: NBB ↗
- New establishment in Houthalen-Helchteren. KBO
- David Eyckens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,661 profit in 2024 to € 10,540 profit in 2025.
Paid € 1,717 in corporate taxes since 2024.
Best year ever: 2025, with € 10,540 profit.
Paid out € 3,332 in dividends to the owners in total.
Management
Behind WATER-WORKS is David Eyckens.
Directors
According to the 2025 annual accounts
David Eyckens
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Centrum-Zuid 1225
3530 Houthalen-Helchteren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1005.056.590
- VAT number
- BE 1005.056.590
- Registered office
- Centrum-Zuid 1225, 3530 Houthalen-Helchteren
- Names & denominations
- WATER-WORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 January 2024
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Sanitaire werkzaamheden
Afvalwaterafvoer
Bouwrijp maken van terreinen
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Bouw van rioleringen