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IMMO WADEL

Active
Public limited companyfounded 199333 yrs activeRue des Etangs 6, 5500 Dinant, BelgiumKBO/BCE: BE 0449.509.678
Summary

IMMO WADEL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€55,566) and a net result of -€41,712. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Activity not known1 site
Size
€899,010total assets 2025
Equity
-€55,566
Loss
-€41,712
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts 53 d early0 of 5 deeds read
Why 53Capped at 59: negative equity- Negative equity -€55,566- Loss of €41,712 (FY 2025)- Founded in 1993+ Size: total assets €899,010Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 16% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 19-4
equity -6.2% of total assets
Liquidity 10+5
short-term debt 92.7% · cash 8.1%
Profitability 63-9
return on assets -4.6%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 5 months 06-2026: 0.2%lowest value 07-2026: 0.4%▲ +85.1% vs 06-2026highest value 08-2026: 0.4%● 0.0% vs 07-2026highest value 09-2026: 0.4%● 0.0% vs 08-2026highest value 10-2026: 0.4%● 0.0% vs 09-2026highest value
  • Size: total assets €899,010 lowers the probability for this profile
  • Negative equity -€55,566 raises the probability
  • Loss of €41,712 (FY 2025) raises the probability
  • Founded in 1993 raises the probability for this profile
No credit on open account
Liquidity short (current ratio 0.09 against 0.05 in 2024; short-term debt: 92.7% and cash: 8.1% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 13%, liquidity 9%, profitability 42%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €899,010
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€55,566
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €41,712 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 1993
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€55,566
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 d early
2024
56 d early
2023
47 d early
2022
7 d late
2021
31 d early
2020
20 d late
2019
7 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 22 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Back to profitnet €21,562

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€55,566 View
  • Caution: From profit to loss in 2025after €21,562 in 2024 -€41,712 View
  • Active since 1993founded 01-03-1993 33 years View

By topic

Financials

Fiscal year
2025
Total assets
€899,010
Loss
-€41,712
Solvency
-6.2%
Total assets▲ 13.5%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 08-06-2026Annual accounts filed
  2. 05-06-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
01-03-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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