Equity
Equity fell by 45% in 9 years.
Equity fell by 45% in 9 years.
From profit to loss in 2025, after a profit of €23,316 in 2024.
The accounts state no turnover.
The 2019 accounts came 18 days late. The other nine of the last ten were filed on time.
New director. Latest change 03-12-2025 · 12 in office.
More equity than 94% of companies in libraries, archives and museums. Sector median €636,175 · 72 companies.
The dashed line is the sector median: 0.1% across 148 companies (NACE 91, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 91, micro). It does better than 44% of them on solvency, 48% on liquidity, 32% on profitability and 21% on growth.
The bankruptcy probability was computed on 05-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 12,322 companies had the same profile as INTERCOMMUNALE BATAILLE DE WATERLOO 1815 has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTERCOMMUNALE BATAILLE DE WATERLOO 1815 itself: 0.1% within 12 months.
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 12,322 companies, not a prediction for INTERCOMMUNALE BATAILLE DE WATERLOO 1815. 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.
Liquidity is ample, with a current ratio of 8.02 (10.39 in 2024), above the usual 1.5. Short-term debt is 6.8% and cash 6.4% of total assets. 48.1% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 91), the median for financial year 2024 was 22 days before the deadline, and 29% of those companies filed late.
Shares in 2 companies, PANORAMA DE LA BATAILLE DE WATERLOO (1815) and Kléber Rossillon Waterloo
Board & ownership| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| INTERCOMMUNALE BATAILLE DE WATERLOO 1815 Braine-l'Alleud | €32.1m | €1.5m | 51.9% | 1 |
| SEAFRONT ZEEBRUGGE Brussels | €13.2m | €0.2m | -7.3% | 0.8 |
| SOCIETE ANONYME DE WARFUSEE Uccle | €10.3m | €0.3m | 63.4% | 3 |
| FONDATION DEMEURES ET CHATEAUX Ixelles | €10.1m | €0.2m | 95.4% | 2.5 |
| Autonoom Gemeentebedrijf Tongeren-Borgloon Tongeren-Borgloon | €9.4m | €0.4m | 31.4% | - |
| Erfgoedsite Abdij Van Park Leuven | €24.9m | €0.7m | 66.3% | 0.9 |
| Fondation Folon La Hulpe | €23.0m | €1.8m | 97.8% | 14 |
These companies have the same main activity as INTERCOMMUNALE BATAILLE DE WATERLOO 1815: libraries, archives, museums and other cultural activities (NACE 91220). They are comparable in size and age: total assets between €9.4m and €25m, founded between 1983 and 2017.
INTERCOMMUNALE BATAILLE DE WATERLOO 1815 has existed since 1997. In 2014 turnover rose from €407,027 to €1.1m and staff from 2.7 to 4 full-time equivalents.
In June 2025, six directors stepped down. In May 2026, the Official Gazette published the appointment of d'Ursel, Nathalie as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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