Waasland-Cleaning
ActiveSummary
The computed 12-month bankruptcy probability of Waasland-Cleaning is 2.6% (moderate). The 2024 annual accounts show equity of €23k and a net result of €36k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 5894 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+8
Solvency36▼-22
Growth78=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.58 in 2023; short-term debt: 54.5% and cash: 13.3% of total assets), and 89.3% 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.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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 2024Solvency, return and age of the figures
Solvency
10.7%
Return on assets
16.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5894 sector peers (2024).
NBB · sector comparisonPosition among 5894 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
32 d early
2022
38 d early
2021
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€23k▼ 63.0%
2023 · €63k
2021: €6k
2022: €45k
2023: €63k
2021 → 2024
Total assets
€219k▲ 15.5%
2023 · €189k
2021: €27k
2022: €157k
2023: €189k
2021 → 2024
Net result
€36k▲ 99.7%
2023 · €18k
2021: €1k
2022: €38k
2023: €18k
2021 → 2024
Working capital
€32k▼ 9.2%
2023 · €36k
2021: €2k
2022: €17k
2023: €36k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€6k-€45k▲ 611%€63k▲ 40.6%€23k▼ 63.0%
Operating result€1k-€49k▲ 3,312%€29k▼ 39.9%€50k▲ 71.5%
Net result€1k-€38k▲ 2,868%€18k▼ 52.8%€36k▲ 99.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 71% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €219k
Fixed assets
€67k ▼ 27.1%
Current assets
€152k ▲ 55.8%
Equity and liabilities €219k
Equity
€23k ▼ 63.0%
Debt
€195k ▲ 54.7%
Debt's share of the balance-sheet total rises from 66.7% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€75k▲
2023 · €50k
Cash flow
€61k▲
2023 · €39k
Current ratio
1.27▼
2023 · 1.58
Quick ratio
1.27▼
2023 · 1.57
Debt to equity
8.38▲
2023 · 2.01
ROE
155.5%▲
2023 · 28.9%
ROA
16.6%▲
2023 · 9.6%
Interest coverage
10.80▲
2023 · 6.39
Debt ≤ 1 year
€119k▲
2023 · €62k
Debt > 1 year
€39k▼
2023 · €65k
Income taxes
€10k▲
2023 · €5k
Staff costs
€245▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€189k€219k▲
Fixed assets21/28€92k€67k▼
Tangible fixed assets22/27€92k€67k▼
Plant, machinery and equipment23€2k€817▼
Furniture and vehicles24€0-
Leasing and similar rights25€89k€66k▼
Financial fixed assets28€10€10=
Current assets29/58€97k€152k▲
Stocks and contracts in progress3€400€400=
Stocks30/36€400€400=
Amounts receivable within one year40/41€75k€99k▲
Trade receivables40€30k€25k▼
Other amounts receivable41€44k€74k▲
Cash at bank and in hand54/58€19k€29k▲
Deferred charges and accrued income490/1€4k€23k▲
Equity and liabilities
Total equity and liabilities10/49€189k€219k▲
Equity10/15€63k€23k▼
Contributions10/11€5k€5k=
Reserves13€58k€18k▼
Distributable reserves133€58k€18k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€126k€195k▲
Amounts payable after more than one year17€65k€39k▼
Financial debts170/4€65k€39k▼
Amounts payable within one year42/48€62k€119k▲
Current portion of amounts payable after more than one year42€24k€25k▲
Financial debts43€8k€11k▲
Credit institutions430/8€8k€11k▲
Trade debts44€28k€5k▼
Suppliers440/4€28k€5k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48-€76k
Accrued charges and deferred income492/3€60€37k▲
Income statement
Code20232024
Remuneration, social security and pensions62€0€245▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€25k▲
Other operating charges640/8€8k€3k▼
Gross operating margin9900€58k€78k▲
Operating profit (loss)9901€29k€50k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€23k€46k▲
Income taxes67/77€5k€10k▲
Profit (loss) for the period9904€18k€36k▲
Profit (loss) for the period to be appropriated9905€18k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€36k▲
Transfer from equity791/2-€40k
Transfer to equity691/2€18k€0▼
To other reserves6921€18k€0▼
Profit to be distributed694/7-€76k
Return on contributions (dividend)694-€76k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €38k ▲2868%
Net result €38k, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2021
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.
Gravendreef(BEV) 159120 Beveren-Kruibeke-ZwijndrechtGround area
845 m²
Building footprint
846 m²
Volume, LiDAR
14,834 m³
Parcel 46502D1183/00T000, Flanders · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Waasland-Cleaning
since 20212.323.340.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46502D1183/00T000 | Flanders | 845 m² | 1 · 845 m² | 21.3 m · 6 fl. |
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
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BE 0804.538.586
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MK LIMOUSINE
BE 0799.837.848
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PADIVORI 2010
BE 0828.147.990
Evergem · Eq €23,439
Of 7,356 companies in sector 81210 we hold annual accounts for 2,735. 2,149 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.