WAAH IMMO
ActiveWAAH IMMO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €-18k. Equity is shrinking by ~31.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 28% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+11
Solvency31▼-3
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.41 in 2024; short-term debt: 5.1% and cash: 1% of total assets), and 93.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
6.3%
Return on assets
-2.1%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-18k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 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 · 3 filingsDeviation from the deadline
2025
3 d late
2024
11 d late
2023
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€55k▼ 25.0%
2024 · €73k
2023: €100k
2024: €73k
2023 → 2025
Total assets
€876k▲ 7.3%
2024 · €817k
2023: €545k
2024: €817k
2023 → 2025
Net result
€-18k▲ 32.8%
2024 · €-27k
2023: €-10k
2024: €-27k
2023 → 2025
Working capital
€-28k▼ 5.2%
2024 · €-27k
2023: €38k
2024: €-27k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€100k-€73k▼ 27.1%€55k▼ 25.0%
Operating result€-6k-€-8k▼ 39.4%€6k
Net result€-10k-€-27k▼ 184%€-18k▲ 32.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €8k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €876k
Fixed assets
€860k▲ 7.8%
Current assets
€16k▼ 12.1%
Equity and liabilities €876k
Equity
€55k▼ 25.0%
Debt
€821k▲ 10.5%
The debt ratio rises from 91.0% to 93.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €-8k
Cash flow
€4k▲
2024 · €-27k
Solvency
6.3%▼
2024 · 9.0%
Current ratio
0.36▼
2024 · 0.41
Quick ratio
0.36▼
2024 · 0.41
Debt / equity
14.95▲
2024 · 10.15
ROE
-33.3%▲
2024 · -37.1%
ROA
-2.1%▲
2024 · -3.3%
Interest coverage
1.15▲
2024 · -0.41
Debt
€821k▲
2024 · €743k
Debt ≤ 1 year
€45k▼
2024 · €45k
Debt > 1 year
€772k▲
2024 · €698k
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€817k€876k▲
Fixed assets21/28€798k€860k▲
Tangible fixed assets22/27€798k€860k▲
Land and buildings22€209k€860k▲
Assets under construction and advance payments27€590k-
Current assets29/58€18k€16k▼
Amounts receivable within one year40/41€8k€6k▼
Trade receivables40€71-
Other amounts receivable41€8k€6k▼
Cash at bank and in hand54/58€9k€9k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€817k€876k▲
Equity10/15€73k€55k▼
Contributions10/11€110k€110k=
Profit (loss) carried forward14€-37k€-55k▼
Amounts payable17/49€743k€821k▲
Amounts payable after more than one year17€698k€772k▲
Financial debts170/4€698k€766k▲
Other amounts payable178/9-€6k
Amounts payable within one year42/48€45k€45k▼
Current portion of amounts payable after more than one year42€23k€24k▲
Trade debts44€23k€18k▼
Suppliers440/4€23k€18k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€33€114▲
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100€22k▲
Other operating charges640/8€702€1k▲
Gross operating margin9900€-7k€30k▲
Operating profit (loss)9901€-8k€6k▲
Financial income75/76B€124€70▼
Recurring financial income75€124€70▼
Financial charges65/66B€19k€24k▲
Recurring financial charges65€19k€24k▲
Profit (loss) for the period before taxes9903€-27k€-18k▲
Profit (loss) for the period9904€-27k€-18k▲
Profit (loss) for the period to be appropriated9905€-27k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-55k▼
Profit (loss) brought forward from the previous period14P€-10k€-37k▼
The notes to these accounts (9 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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-06
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Baelen · 1 establishment unit since 2022
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.
Levée de Limbourg(BLN) 11A4837 BaelenGround area
3,097 m²
Parcel 63004A0466/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
WAAH IMMO
since 20222.333.120.610
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63004A0466/00C000 | Wallonia | 3,097 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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, comparable size
HOME CONSTRUCT INVEST
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HICA
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DAMEDICO
BE 0844.797.942
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MINT
BE 0700.886.663
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Bouwwerken BDC
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Beernem · Eq €55k
Of 9,697 companies in sector 68121 we hold annual accounts for 7,381. 5,070 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2022
Fiscal year end30-06
Activities, NACEBEL
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.