Equity
€376,126 from €893,926 in 2021
Equity fell by 58% in 4 years.
DE WASSENDE MAAN
Lifetime
20 annual accounts with figures on one time axis, 40 filings since 1986peak €1.0m (2023)
€875,275▼ 11.1%
lowest -€254,269 (2025)
-€254,269▼ €170,286
peak €893,926 (2021)
€376,126▼ 39.2%
€994,746▼ 2.0%
peak 25.5 FTE (2024)
18.9 FTE▼ 25.9%
Board9 names since 2003
5 directorsChristiane Van Autreve and 4 others
Documentsfilings and deeds
24-07-20267 days before the deadline
2025abbreviated format
Loss of €254,269Staff from 25.5 FTE to 18.9 FTEResignations: Charlotte Vercaemst (director) and Lise Boutter… 29-07Equity from €618,644 to €376,126
Key points
from the 2025 annual accountsLosses
-€620,949 in five years
Every financial year from 2021 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€994,746 73% of the balance sheet
Financial debts 46%Suppliers 31%Taxes and wages 13%Other 10%
Of this, €615,246 falls due within a year.
Staff
18.9 FTE from 25.5 in 2024
Between 2024 and 2025, 26% of the full-time equivalents disappeared.
Board
3 left
Directors left. Latest change 26-03-2026 · 2 in office.
Position in the sector
-€254,269
Lower net result than 95% of companies in retail trade. Sector median €27,458 · 12,841 companies.
Checked score
53
Fair
Financially stronger than 24% of small companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.9%▲ +0.1 percentage points vs 04-2025
06-2025: 0.8%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.9%▲ +1.0 percentage point vs 07-2026highest value
09-2026: 1.9%● unchanged vs 08-2026highest value
10-2026: 1.9%● unchanged vs 09-2026highest value
11-2026: 1.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €254,269, the second in a row (financial year 2025)
Sector: Retail trade (NACE 47)
Size: 18.9 FTE, total assets €1.4m
Legal form: cooperative company
Calculation
The band follows from the bankruptcy probability. 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 47, small). It does better than 46% of them on solvency, 38% on liquidity, 2% on profitability and 10% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 307 companies had the same profile as DE WASSENDE MAAN has now. Each dot is one company, two years later.
88.9%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DE WASSENDE MAAN itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 307 companies, not a prediction for DE WASSENDE MAAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.61 (0.73 in 2024), below 1. Short-term debt is 44.9% and cash 6.1% of total assets. 72.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€254,269
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
6 days early
2023
2 days early
2022
3 days early
2021
5 days early
2020
11 days early
2019
58 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 26 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointments: Christiane Van Autreve (director) and Hilde Coucke (director)
General meeting of 25-04-2026 · Gazette deed
3 directors resigning
Bart Van Parijs, Eric Temmerman and Bart Coone · General meeting of 31-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0429289336
Resignations: Charlotte Vercaemst (director) and Lise Bouttery (director)
Director discharge: Charlotte Vercaemst (director (not named in the articles)) · Director discharge: Lise Bouttery (director (not named in the articles)) · General meeting of 26-04-2025 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as DE WASSENDE MAAN: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €1.2m and €2.2m, founded between 1978 and 1990.
Official details
Source: KBO- Status
- Active since 08-07-1986Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 145Horticulture
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.035.990.2109800 Deinze, since 23-07-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- ≈ €8.2mestimated
- €1.4m▼ 16.1%
- Employeeson 31-12-2025
- 22▼ 26.7%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on DE WASSENDE MAAN
DE WASSENDE MAAN files the abbreviated format. That format states no turnover. The gross margin rose from €115,405 in 2006 to €875,275 in 2025.
In March 2026, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DE WASSENDE MAAN
- What is the company number of DE WASSENDE MAAN?
- The company number of DE WASSENDE MAAN is 0429.289.336. The VAT number is the same number with BE in front: BE 0429.289.336.
- Where is DE WASSENDE MAAN based?
- The registered office is at Beekstraat 35, 9800 Deinze.Company details
- What does DE WASSENDE MAAN do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of DE WASSENDE MAAN?
- DE WASSENDE MAAN is a cooperative company (CV).
- When was DE WASSENDE MAAN founded?
- DE WASSENDE MAAN was founded on 08-07-1986.
- Is DE WASSENDE MAAN still active?
- Yes, DE WASSENDE MAAN is an active enterprise in the KBO register.
- How many employees does DE WASSENDE MAAN have?
- DE WASSENDE MAAN had an average of 18.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DE WASSENDE MAAN fall under?
- In its 2025 annual accounts, DE WASSENDE MAAN states joint committees 200 (Auxiliary committee for white-collar workers), 145 (Horticulture) and 201 (Independent retail).
- What is the turnover of DE WASSENDE MAAN?
- The turnover in financial year 2025 is ≈ €8.2m. This figure is estimated from the gross margin of €875,275 and 43 comparable companies (NACE 47110). It probably lies between €6.6m and €11.0m.
- Is DE WASSENDE MAAN profitable?
- In financial year 2025, DE WASSENDE MAAN made a loss of €254,269.
- Where can I find the annual accounts of DE WASSENDE MAAN?
- DE WASSENDE MAAN filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DE WASSENDE MAAN due?
- DE WASSENDE MAAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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