WA-RM
ActiveWA-RM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406k and a net result of €78k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-1
Solvency77▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.57 in 2024; short-term debt: 23% and cash: 16.4% of total assets), and 48.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.6%
Return on assets
9.9%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
2 d early
2024
6 d early
2023
117 d late
2022
58 d late
2021
71 d late
2020
88 d late
2019
139 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€406k▲ 23.9%
2024 · €328k
2018: €79k
2019: €56k
2020: €131k
2021: €91k
2022: €124k
2023: €228k
2024: €328k
2018 → 2025
Total assets
€788k▼ 1.8%
2024 · €803k
2018: €193k
2019: €307k
2020: €583k
2021: €653k
2022: €667k
2023: €1.10M
2024: €803k
2018 → 2025
Net result
€78k▼ 21.9%
2024 · €100k
2018: €816
2019: €-23k
2020: €75k
2021: €-40k
2022: €33k
2023: €104k
2024: €100k
2018 → 2025
Working capital
€186k▲ 44.5%
2024 · €129k
2018: €71k
2019: €37k
2020: €122k
2021: €68k
2022: €108k
2023: €23k
2024: €129k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€124k▲ 36.6%€228k▲ 83.8%€328k▲ 44.0%€406k▲ 23.9%
Operating result€-32k-€43k€155k▲ 259%€175k▲ 12.7%€131k▼ 24.8%
Net result€-40k-€33k€104k▲ 213%€100k▼ 3.4%€78k▼ 21.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €788k
Fixed assets
€421k▼ 6.5%
Current assets
€367k▲ 4.1%
Equity and liabilities €788k
Equity
€406k▲ 23.9%
Debt
€382k▼ 19.6%
The debt ratio falls from 59.1% to 48.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€136k▼
2024 · €189k
Cash flow
€83k▼
2024 · €115k
Solvency
51.6%▲
2024 · 40.9%
Current ratio
2.03▲
2024 · 1.57
Quick ratio
1.70▲
2024 · 1.46
Debt / equity
0.94▼
2024 · 1.45
ROE
19.3%▼
2024 · 30.6%
ROA
9.9%▼
2024 · 12.5%
Interest coverage
7.12▲
2024 · 5.71
Debt
€382k▼
2024 · €475k
Debt ≤ 1 year
€181k▼
2024 · €224k
Debt > 1 year
€199k▼
2024 · €250k
Income taxes
€37k▼
2024 · €46k
Staff costs
€131k▼
2024 · €146k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€803k€788k▼
Fixed assets21/28€450k€421k▼
Tangible fixed assets22/27€37k€8k▼
Land and buildings22€0-
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€27k€964▼
Financial fixed assets28€413k€413k=
Current assets29/58€353k€367k▲
Stocks and contracts in progress3€26k€59k▲
Stocks30/36€26k€23k▼
Contracts in progress37-€36k
Amounts receivable within one year40/41€277k€177k▼
Trade receivables40€114k€21k▼
Other amounts receivable41€162k€156k▼
Cash at bank and in hand54/58€49k€129k▲
Deferred charges and accrued income490/1€854€2k▲
Equity and liabilities
Total equity and liabilities10/49€803k€788k▼
Equity10/15€328k€406k▲
Contributions10/11€19k€19k=
Reserves13€102k€152k▲
Distributable reserves133€102k€152k▲
Profit (loss) carried forward14€208k€236k▲
Amounts payable17/49€475k€382k▼
Amounts payable after more than one year17€250k€199k▼
Financial debts170/4€250k€199k▼
Amounts payable within one year42/48€224k€181k▼
Current portion of amounts payable after more than one year42€30k€60k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€157k€77k▼
Suppliers440/4€157k€77k▼
Taxes, remuneration and social security45€31k€43k▲
Taxes450/3€31k€29k▼
Remuneration and social security454/9€0€15k▲
Other amounts payable47/48€6k€911▼
Accrued charges and deferred income492/3€542€1k▲
Income statement
Code20242025
Non-recurring operating income76A€131k€19k▼
Remuneration, social security and pensions62€146k€131k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€4k▼
Other operating charges640/8€8k€2k▼
Gross operating margin9900€343k€269k▼
Operating profit (loss)9901€175k€131k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€33k€19k▼
Recurring financial charges65€33k€19k▼
Profit (loss) for the period before taxes9903€146k€116k▼
Income taxes67/77€46k€37k▼
Profit (loss) for the period9904€100k€78k▼
Profit (loss) for the period to be appropriated9905€100k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€258k€286k▲
Profit (loss) brought forward from the previous period14P€157k€208k▲
Transfer to equity691/2€50k€50k=
To other reserves6921€50k€50k=
Social balance
Average headcount (FTE)90872.52.0▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 117 days late
2023
31-12
Financial
Highest result since 2018net €104k ▲213%
Net result €104k, the highest in the series.
31-12
Financial
Equity above €200kEq €228k ▲83.8%
2 profitable years in a row build equity to €228k.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
31-12
Financial
Equity above €100kEq €124k ▲36.6%
Equity rises from €91k to €124k.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
31-12
Financial
Weakest financial yearnet €-40k ▼154%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
31-12
Financial
Equity above €100kEq €131k ▲134%
Equity rises from €56k to €131k.
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 139 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oostende · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Corneel Heymansstraat 68400 OostendeGround area
2,529 m²
Building footprint
735 m²
Volume, LiDAR
3,542 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WA-RM bvba
since 20162.259.642.219
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0068/00G000 | Flanders | 2,196 m² | 1 · 656 m² | 6.3 m · 2 fl. |
| 35002B0137/00V000 | Flanders | 333 m² | 1 · 79 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,724 EUR awarded · 2,304 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,724 EUR | 2,304 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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SCHUURBIERS
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Loockx
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VSV TECHNICS
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Of 7,038 companies in sector 43221 we hold annual accounts for 3,469. 2,503 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2016
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.