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Belgian Wiping Materials

Active
Public limited companyfounded 1984active for 42 yearsDeerlijkseweg 42, 8790 Waregem, BelgiumKBO/BCE: BE 0425.739.433
Summary

Belgian Wiping Materials has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.6m and a net result of €695,413. Equity is growing by about 8.7% per year across the filed financial years. Its solvency ranks better than 70% of 279 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
Belgian Wiping MaterialsActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Materials recovery from waste
NACE 38210Wholesale trade NACE 46872
7th largest company by equity in West Flanders, Waste collection and treatment sector2 sites
Size
€22.0mturnover 2025
Staff
40.7 FTE
Equity
€15.6m
Profit
€695,413
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
DIBO INVESTMENT · 99.95%
Auditor: BV MOORE AUDIT2025 accounts 14 days early2 of 11 deeds summarised
Why 94raises riskSector: Waste collection, recovery and disposal activities (NACE 38)lowers riskFounded in 1984Size: turnover €22.0m, 40.7 FTE, total assets €28.8mEquity €15.6m (54.2% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 38, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 79-21
equity 54.2% of total assets
Liquidity 58-5
short-term debt 11.1% · cash 6.9%
Profitability 74-14
return on assets 2.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (200 companies, NACE 38, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value
Credit of up to €1,450,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.77, compared with 5.63 in 2024, above the usual 1.5; short-term debt: 11.1% and cash: 6.9% of total assets), and 45.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, small): better than 72% on solvency, 78% on liquidity, 64% on profitability and 44% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1984
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €22.0m, 40.7 FTE, total assets €28.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Waste collection, recovery and disposal activities (NACE 38)
KBO
lowers risk · Equity €15.6m (54.2% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 days early
2024
28 days early
2023
23 days early
2022
11 days early
2021
29 days late
2020
12 days early
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: Moore Audit BV (statutory auditor)Gazette deed
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet €695,413 ▼68.9%

Key points

  • Caution: Result fell in 2025from €2.2m to €695,413 ▼ 68.9% View
  • Positive: 7th largest company by equity in West Flanders, Waste collection and treatment…in the Checked rankings No. 7 View
  • Positive: 8 profitable years in a rowprofit 2025: €695,413 8 years View
  • Controlled by DIBO INVESTMENT 99.95% View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Turnover
€22.0m
Profit
€695,413
Solvency
54.2%
Turnover▼ 3.3%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
DIBO INVESTMENT · 99.95%
Auditor
BV MOORE AUDIT
  • BOHEZ MarcChair
Go to Board & ownership

Timeline

Events
46
Since
1986
Next accounts
by 31-07-2027
  1. 03-07-2025Annual accounts filed
  2. 31-12-2024Highest result from 2018 to 2025
  3. 08-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Materials recovery from wasteNACE 38210
Founded
04-05-1984
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
27
Annual meeting
Third Friday of June at 18:00
Purpose
“De handel en de bewerking van alle afvalgoederen,oude en nieuwe voortkomende van…” (deed in Dutch)
Go to Articles of association

Key facts about Belgian Wiping Materials

What is the company number of Belgian Wiping Materials?
0425.739.433. In Belgium the VAT number is the company number with BE in front: BE 0425.739.433.
Where is Belgian Wiping Materials based?
The registered office is at Deerlijkseweg 42, 8790 Waregem.Company details
What does Belgian Wiping Materials do?
According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
What is the legal form of Belgian Wiping Materials?
Public limited company (NV).
When was Belgian Wiping Materials founded?
On 04-05-1984.
Is Belgian Wiping Materials still active?
Yes, Belgian Wiping Materials is an active enterprise in the KBO register.
How many employees does Belgian Wiping Materials have?
On average 40.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Belgian Wiping Materials?
€22.0m in financial year 2025, according to the filed annual accounts.
Is Belgian Wiping Materials profitable?
In financial year 2025, Belgian Wiping Materials made a profit of €695,413.
Where can I find the annual accounts of Belgian Wiping Materials?
Belgian Wiping Materials filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Belgian Wiping Materials due?
By 31-07-2027, for financial year 2026.Timeline

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