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M. WAS

Active
Private limited companyfounded 20251 yr activeStraateinde 31, 2240 Zandhoven, BelgiumKBO/BCE: BE 1019.813.062
Summary

The computed 12-month bankruptcy probability of M. WAS is 1.9% (moderate). The 2025 annual accounts show negative equity (-€777) and a net result of -€3,777. Its solvency ranks better than 23% of 1532 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability10
Solvency23
Growth-
Track record67
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69; short-term debt: 62.6% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-1.8%
Return on assets
-8.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
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 · 1 filing
Deviation from the deadline
2025
7 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

History

M. WAS was incorporated on 10 February 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€777
Total assets
€43,543
Net result
-€3,777
Working capital
-€8,498

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €43,543
Fixed assets €24,788
Current assets €18,755
Key figures and ratios
2025 value
EBITDA
€221
Cash flow
-€936
Solvency
-1.8%
Current ratio
0.69
Quick ratio
0.64
ROA
-8.7%
Interest coverage
0.29
Debt
€44,320
Debt ≤ 1 year
€27,253
Debt > 1 year
€17,067
Income taxes
€390
Equity ratios withheld: equity of -€777 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 232 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
1.7% went bankrupt
1.7% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 232 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€43,543
Fixed assets21/28€24,788
Tangible fixed assets22/27€24,788
Furniture and vehicles24€24,788
Current assets29/58€18,755
Stocks and contracts in progress3€1,428
Stocks30/36€1,428
Amounts receivable within one year40/41€16,400
Trade receivables40€16,400
Deferred charges and accrued income490/1€927
Equity and liabilities
Total equity and liabilities10/49€43,543
Equity10/15-€777
Contributions10/11€3,000
Profit (loss) carried forward14-€3,777
Amounts payable17/49€44,320
Amounts payable after more than one year17€17,067
Financial debts170/4€17,067
Amounts payable within one year42/48€27,253
Current portion of amounts payable after more than one year42€4,475
Financial debts43€3,637
Credit institutions430/8€3,637
Trade debts44€5,706
Suppliers440/4€5,706
Taxes, remuneration and social security45€9,355
Taxes450/3€5,723
Remuneration and social security454/9€3,632
Other amounts payable47/48€4,079
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,841
Other operating charges640/8€1,038
Gross operating margin9900€1,259
Operating profit (loss)9901-€2,620
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€767
Recurring financial charges65€767
Profit (loss) for the period before taxes9903-€3,387
Income taxes67/77€390
Profit (loss) for the period9904-€3,777
Profit (loss) for the period to be appropriated9905-€3,777
Appropriation of the result
Profit (loss) to be appropriated9906-€3,777

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,841
Other operating charges640/8€1,038
Gross operating margin9900€1,259
Operating profit (loss)9901-€2,620
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€767
Recurring financial charges65€767
Profit (loss) for the period before taxes9903-€3,387
Income taxes67/77€390
Profit (loss) for the period9904-€3,777
Profit (loss) for the period to be appropriated9905-€3,777
Line2025
Assets
Total assets20/58€43,543
Fixed assets21/28€24,788
Tangible fixed assets22/27€24,788
Furniture and vehicles24€24,788
Current assets29/58€18,755
Stocks and contracts in progress3€1,428
Stocks30/36€1,428
Amounts receivable within one year40/41€16,400
Trade receivables40€16,400
Deferred charges and accrued income490/1€927
Equity and liabilities
Total equity and liabilities10/49€43,543
Equity10/15-€777
Contributions10/11€3,000
Profit (loss) carried forward14-€3,777
Amounts payable17/49€44,320
Amounts payable after more than one year17€17,067
Financial debts170/4€17,067
Amounts payable within one year42/48€27,253
Current portion of amounts payable after more than one year42€4,475
Financial debts43€3,637
Credit institutions430/8€3,637
Trade debts44€5,706
Suppliers440/4€5,706
Taxes, remuneration and social security45€9,355
Taxes450/3€5,723
Remuneration and social security454/9€3,632
Other amounts payable47/48€4,079
Line2025
Profit (loss) for the period9904-€3,777
+ Depreciation and write-downs630€2,841
Operating cash flow (approximation)-€936

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
2,762 m²
Building footprint
130 m²
Volume, LiDAR
662 m³
Parcel 11046B0077/00D000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M. WAS
Straateinde 31, 2240 ZandhovenManufacture of fabricated metal products, except machinery and equipment
since 20252.370.219.348
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11046B0077/00D000 Flanders 2,762 m² 1 · 130 m² 7.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,188 companies in sector 77399 we hold annual accounts for 711. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded10-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:1019813062
Registered 19-05-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.