T. WASTERLAIN
ActiveSummary
T. WASTERLAIN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €214,370 and a net result of €70,164. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 1743 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+10
Solvency94▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 3.94 against 4.3 in 2023; short-term debt: 24.3% and cash: 0.4% of total assets), and 31% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
42 d late
2022
92 d late
2021
61 d late
2020
86 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€70,164▲ 91.4%
2023 · €36,663
Working capital
€222,091▲ 21.0%
2023 · €183,557
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€32,038▼ 18.4%€31,006▼ 3.2%€25,021▼ 19.3%€25,644▲ 2.5%€26,605▲ 3.7%
Net result€18,260within the sector's middle half▼ 21.6%€22,005within the sector's middle half▲ 20.5%€41,403within the sector's middle half▲ 88.1%€36,663within the sector's middle half▼ 11.4%€70,164within the sector's middle half▲ 91.4%
Equity€108,134within the sector's middle half▼ 9.8%€105,139within the sector's middle half▼ 2.8%€138,542within the sector's middle half▲ 31.8%€167,205within the sector's middle half▲ 20.7%€214,370within the sector's middle half▲ 28.2%
Total assets€242,399below the sector's middle half▼ 1.3%€226,114below the sector's middle half▼ 6.7%€241,085below the sector's middle half▲ 6.6%€253,438below the sector's middle half▲ 5.1%€310,854below the sector's middle half▲ 22.7%
Debt€134,265▲ 6.7%€120,975▼ 9.9%€102,542▼ 15.2%€86,233▼ 15.9%€96,484▲ 11.9%
Working capital€125,138within the sector's middle half▼ 9.4%€122,447within the sector's middle half▼ 2.2%€155,161within the sector's middle half▲ 26.7%€183,557within the sector's middle half▲ 18.3%€222,091within the sector's middle half▲ 21.0%
Solvency44.6%within the sector's middle half▼ 4.2pp46.5%within the sector's middle half▲ 1.9pp57.5%within the sector's middle half▲ 11.0pp66.0%above the sector's middle half▲ 8.5pp69.0%above the sector's middle half▲ 3.0pp
Current ratio2.66within the sector's middle half▼ 0.212.76within the sector's middle half▲ 0.103.50above the sector's middle half▲ 0.734.30above the sector's middle half▲ 0.803.94above the sector's middle half▼ 0.35
Return on assets (ROA)7.5%within the sector's middle half▼ 1.9pp9.7%within the sector's middle half▲ 2.2pp17.2%within the sector's middle half▲ 7.4pp14.5%within the sector's middle half▼ 2.7pp22.6%above the sector's middle half▲ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €310,854
Fixed assets
€13,269 ▼ 6.5%
Current assets
€297,585 ▲ 24.4%
Equity and liabilities €310,854
Equity
€214,370 ▲ 28.2%
Debt
€96,484 ▲ 11.9%
Debt's share of the balance-sheet total falls from 34.0% to 31.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,727▼
2023 · €35,223
Cash flow
€74,286▲
2023 · €46,242
Debt to equity
0.45▼
2023 · 0.52
ROE
32.7%▲
2023 · 21.9%
Interest coverage
13.84▲
2023 · 12.90
Debt ≤ 1 year
€75,494▲
2023 · €55,690
Debt > 1 year
€20,991▼
2023 · €30,543
Income taxes
€14,539▲
2023 · €10,356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,149 | €7,609 | €12,156 | €9,579 | €4,122 | ▼ 57.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€579 | - |
| Other operating charges640/8 | - | €1,671 | €1,653 | €856 | €1,028 | ▲ 20.1% |
| Gross operating margin9900 | €40,534 | €40,285 | €38,830 | €36,079 | €31,176 | ▼ 13.6% |
| Operating profit (loss)9901 | €32,038 | €31,006 | €25,021 | €25,644 | €26,605 | ▲ 3.7% |
| Financial income75/76B | - | €5,215 | €30,000 | €24,105 | €60,319 | ▲ 150% |
| Recurring financial income75 | €14 | €10 | €30,000 | €24,105 | €60,319 | ▲ 150% |
| Non-recurring financial income76B | - | €5,205 | - | - | - | - |
| Financial charges65/66B | - | €3,297 | €2,818 | €2,730 | €2,220 | ▼ 18.7% |
| Recurring financial charges65 | €3,779 | €3,297 | €2,818 | €2,730 | €2,220 | ▼ 18.7% |
| Profit (loss) for the period before taxes9903 | €28,273 | €32,924 | €52,204 | €47,019 | €84,704 | ▲ 80.1% |
| Income taxes67/77 | €10,013 | €10,919 | €10,801 | €10,356 | €14,539 | ▲ 40.4% |
| Profit (loss) for the period9904 | €18,260 | €22,005 | €41,403 | €36,663 | €70,164 | ▲ 91.4% |
| Profit (loss) for the period to be appropriated9905 | €18,260 | €22,005 | €41,403 | €36,663 | €70,164 | ▲ 91.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,399 | €226,114 | €241,085 | €253,438 | €310,854 | ▲ 22.7% |
| Fixed assets21/28 | €41,855 | €34,246 | €23,771 | €14,192 | €13,269 | ▼ 6.5% |
| Tangible fixed assets22/27 | €31,855 | €24,246 | €13,771 | €4,192 | €3,269 | ▼ 22.0% |
| Land and buildings22 | - | €4,841 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €815 | - |
| Furniture and vehicles24 | - | - | €1,232 | €784 | €448 | ▼ 42.9% |
| Leasing and similar rights25 | - | €13,630 | €8,519 | €3,408 | - | - |
| Other tangible fixed assets26 | - | €5,775 | €4,020 | - | €2,005 | - |
| Financial fixed assets28 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Current assets29/58 | €200,544 | €191,868 | €217,314 | €239,246 | €297,585 | ▲ 24.4% |
| Amounts receivable within one year40/41 | €159,972 | €166,610 | €170,043 | €201,725 | €231,199 | ▲ 14.6% |
| Trade receivables40 | - | €386 | €386 | €386 | €284 | ▼ 26.5% |
| Other amounts receivable41 | - | €166,225 | €169,658 | €201,340 | €230,916 | ▲ 14.7% |
| Current investments50/53 | €20,000 | €23,000 | €43,000 | €33,000 | €64,000 | ▲ 93.9% |
| Cash at bank and in hand54/58 | €19,118 | €1,133 | €2,422 | €2,660 | €1,160 | ▼ 56.4% |
| Deferred charges and accrued income490/1 | - | €1,124 | €1,848 | €1,861 | €1,226 | ▼ 34.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,399 | €226,114 | €241,085 | €253,438 | €310,854 | ▲ 22.7% |
| Equity10/15 | €108,134 | €105,139 | €138,542 | €167,205 | €214,370 | ▲ 28.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €83,855 | €80,855 | €113,855 | €141,855 | €188,855 | ▲ 33.1% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €79,000 | €112,000 | €140,000 | €187,000 | ▲ 33.6% |
| Profit (loss) carried forward14 | €18,079 | €18,084 | €18,487 | €19,150 | €19,315 | ▲ 0.9% |
| Amounts payable17/49 | €134,265 | €120,975 | €102,542 | €86,233 | €96,484 | ▲ 11.9% |
| Amounts payable after more than one year17 | €58,859 | €49,911 | €40,390 | €30,543 | €20,991 | ▼ 31.3% |
| Financial debts170/4 | - | €49,911 | €40,390 | €30,543 | €20,991 | ▼ 31.3% |
| Amounts payable within one year42/48 | €75,406 | €69,421 | €62,152 | €55,690 | €75,494 | ▲ 35.6% |
| Current portion of amounts payable after more than one year42 | - | €8,948 | €9,521 | €9,847 | €9,553 | ▼ 3.0% |
| Trade debts44 | €2,388 | €1,897 | €2,039 | €1,555 | €580 | ▼ 62.7% |
| Suppliers440/4 | - | €1,897 | €2,039 | €1,555 | €580 | ▼ 62.7% |
| Taxes, remuneration and social security45 | - | €33,576 | €42,592 | €36,288 | €42,361 | ▲ 16.7% |
| Taxes450/3 | - | €33,576 | €42,592 | €36,288 | €42,361 | ▲ 16.7% |
| Other amounts payable47/48 | - | €25,000 | €8,000 | €8,000 | €23,000 | ▲ 188% |
| Accrued charges and deferred income492/3 | - | €1,642 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,260 | €22,005 | €41,403 | €36,663 | €70,164 | ▲ 91.4% |
| + Depreciation and write-downs630 | €9,149 | €7,609 | €12,156 | €9,579 | €4,122 | ▼ 57.0% |
| Operating cash flow (approximation) | €27,409 | €29,614 | €53,559 | €46,242 | €74,286 | ▲ 60.6% |
| Investment in fixed assets (approximation) | - | €0 | -€1,681 | €0 | -€3,198 | - |
| Change in cash | - | -€17,985 | €1,290 | €238 | -€1,500 | ▼ 730% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €70,164 ▲91.4%
Net result €70,164, the highest in the series.
31-12
Financial
Equity above €200,000Eq €214,370 ▲28.2%
7 profitable years in a row build equity to €214,370.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
31-12
Financial
Equity above €150,000Eq €167,205 ▲20.7%
6 profitable years in a row build equity to €167,205.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 86 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Equity above €100,000Eq €119,874 ▲24.1%
2 profitable years in a row build equity to €119,874.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Anderlecht · 1 establishment unit since 2003
Ground area
287 m²
Building footprint
90 m²
Volume, LiDAR
455 m³
Parcel 21306D0131/00A003, Brussels · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
T. WASTERLAIN
since 20032.212.845.360
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0131/00A003 | Brussels | 287 m² | 1 · 90 m² | 9.4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2024 annual accounts of T. WASTERLAIN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-03-2003
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70200Business and other management consultancy
81100Combined facilities support activities
Contact
Website
www.lafidtwa.be/
E-mail
thierry.wasterlain@lafidtwa.be
Phone
0473557662
E-mail
t.wasterlain.sprl@skynet.beAnderlecht
Fax
025275451Anderlecht
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479795454
Registered
11-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.