Debts
€39,920 86% of the balance sheet
Suppliers 30%Taxes and wages 70%
LWAFA
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €74,300 (2024)
€46,161▼ 37.9%
lowest -€18,756 (2025)
-€18,756▼ €30,283
peak €25,012 (2024)
€6,256▼ 75.0%
€39,920▲ 24.5%
Board1 name since 2021
1 directorYACHAOUI MOHAMMED
Documentsfilings and deeds
16-07-202615 days before the deadline
2025micro format
Gross margin from €74,300 to €46,161Loss of €18,756Equity from €25,012 to €6,256Debts from €32,059 to €39,920Cash from €18,359 to €6,538
Key points
from the 2025 annual accountsFilings
22 annual accounts since 2004
Two of the last ten came late. The 2022 accounts came latest: 31 days after the end of the period.
Position in the sector
-€18,756
Lower net result than 88% of companies in retail trade. Sector median €5,048 · 22,907 companies.
Checked score
53
Fair
Financially stronger than 16% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%highest value
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.8%▼ -0.1 percentage points vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▼ -0.6 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.7 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €18,756 (financial year 2025)
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €46,176
Founded in 2004
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, micro). It does better than 30% of them on solvency, 18% on liquidity, 6% on profitability and 8% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 1,221 companies had the same profile as LWAFA has now. Each dot stands for 4 companies, two years later.
88.6%
were still trading
7.4%
stopped another way
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LWAFA itself: 0.9% 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 1,221 companies, not a prediction for LWAFA. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.07 (1.68 in 2024), below the usual 1.5. Short-term debt is 86.5% and cash 14.2% of total assets. 86.5% 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
Five signals.
lowers riskraises riskneutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
2 days early
2023
29 days late
2022
31 days late
2021
6 days early
2020
3 days early
2019
45 days early
← 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 2 days before 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 29 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865592564
First establishment
Gentsesteenweg 173, Molenbeek-Saint-Jean
Incorporation
published on 14-06-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LWAFA Molenbeek-Saint-Jean | €46,176 | €46,161 | 13.5% | - |
| MICROMAR Ternat | €53,856 | €49,959 | 14.0% | - |
| RV TELEMATICS Huldenberg | €44,119 | €48,360 | 69.2% | - |
| EVG Systems & Administration Sint-Katelijne-Waver | €42,087 | €40,264 | 69.3% | - |
| FOTELEC Schaerbeek | €45,241 | €32,809 | 50.4% | - |
| MOBIL OCCASE Liège | €56,367 | €65,599 | 13.0% | - |
| CYBERCOM.BE Ostend | €51,576 | €42,067 | 50.0% | - |
These companies have the same main activity as LWAFA: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €42,100 and €56,400, founded between 1999 and 2007.
Official details
Source: KBO- Status
- Active since 03-06-2004Normal situation
- Activity
- Retail sale of information and communication equipmentNACE 47400and 3 others
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.138.079.3441080 Molenbeek-Saint-Jean, since 01-07-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 16-03-2026
Annual accounts 2025
- ≈ €430,000estimated
- €46,176▼ 19.1%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on LWAFA
LWAFA files the micro format. That format states no turnover. The gross margin rose from €1,650 in 2006 to €46,161 in 2025.
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 LWAFA
- What is the company number of LWAFA?
- The company number of LWAFA is 0865.592.564. The VAT number is the same number with BE in front: BE 0865.592.564.
- Where is LWAFA based?
- The registered office is at Gentsesteenweg 173, 1080 Molenbeek-Saint-Jean.Company details
- What does LWAFA do?
- According to the KBO register, the main activity is retail sale of information and communication equipment (NACE 47400).
- What is the legal form of LWAFA?
- LWAFA is a private limited company (pre-2019) (BVBA).
- When was LWAFA founded?
- LWAFA was founded on 03-06-2004.
- Is LWAFA still active?
- Yes, LWAFA is an active enterprise in the KBO register.
- How many employees does LWAFA have?
- LWAFA had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does LWAFA fall under?
- In its 2025 annual accounts, LWAFA states joint committee 201 (Independent retail).
- What is the turnover of LWAFA?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €46,161 and 367 comparable companies (NACE 47). It probably lies between €240,000 and €720,000.
- Is LWAFA profitable?
- In financial year 2025, LWAFA made a loss of €18,756.
- Where can I find the annual accounts of LWAFA?
- LWAFA filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LWAFA due?
- LWAFA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.