WAB
ActiveWAB has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €280k and a net result of €-99k. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50=
Solvency75▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.19 in 2023; short-term debt: 24.6% and cash: 0.1% of total assets), and 50.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
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 2024Solvency, return and age of the figures
Solvency
49.6%
Return on assets
-17.5%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-99k
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 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
37 d early
2022
60 d early
2021
65 d early
2020
59 d early
2019
18 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-99k▲ 10.8%
2023 · €-111k
2018: €758
2019: €316
2020: €-30k
2021: €15k
2022: €3k
2023: €-111k
2018 → 2024
Working capital
€-119k▲ 18.5%
2023 · €-146k
2018: €-84k
2019: €-139k
2020: €-177k
2021: €-183k
2022: €-182k
2023: €-146k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€472k-€486k▲ 3.1%€490k▲ 0.7%€379k▼ 22.7%€280k▼ 26.1%
Operating result€47k-€56k▲ 19.3%€53k▼ 6.0%€60k▲ 13.3%€49k▼ 18.8%
Net result€-30k-€15k€3k▼ 76.1%€-111k€-99k▲ 10.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €564k
Fixed assets
€544k▼ 20.7%
Current assets
€20k▼ 40.9%
Equity and liabilities €564k
Equity
€280k▼ 26.1%
Provisions
€64k▼ 6.8%
Debt
€220k▼ 19.1%
The debt ratio rises from 37.8% to 39.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€61k▼
2023 · €72k
Cash flow
€-87k▲
2023 · €-99k
Solvency
49.6%▼
2023 · 52.6%
Current ratio
0.14▼
2023 · 0.19
Quick ratio
0.14▼
2023 · 0.19
Debt / equity
0.79▲
2023 · 0.72
ROE
-35.4%▼
2023 · -29.3%
ROA
-17.5%▼
2023 · -15.4%
Interest coverage
7.56▼
2023 · 8.00
Debt
€220k▼
2023 · €272k
Debt ≤ 1 year
€139k▼
2023 · €180k
Debt > 1 year
€81k▼
2023 · €92k
Income taxes
€10k▼
2023 · €12k
Staff costs
€32k▼
2023 · €63k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€720k€564k▼
Fixed assets21/28€687k€544k▼
Tangible fixed assets22/27€117k€104k▼
Land and buildings22€114k€102k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€0€0=
Financial fixed assets28€570k€440k▼
Current assets29/58€33k€20k▼
Amounts receivable within one year40/41€28k€17k▼
Trade receivables40€27k€8k▼
Other amounts receivable41€756€9k▲
Cash at bank and in hand54/58€2k€345▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€720k€564k▼
Equity10/15€379k€280k▼
Contributions10/11€129k€129k=
Reserves13€246k€150k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€14k€14k=
Distributable reserves133€233k€137k▼
Profit (loss) carried forward14€3k€0▼
Provisions and deferred taxes16€69k€64k▼
Provisions for liabilities and charges160/5€69k€64k▼
Other liabilities and charges164/5€69k€64k▼
Amounts payable17/49€272k€220k▼
Amounts payable after more than one year17€92k€81k▼
Financial debts170/4€92k€81k▼
Amounts payable within one year42/48€180k€139k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€30k€22k▼
Taxes450/3€13k€10k▼
Remuneration and social security454/9€18k€12k▼
Other amounts payable47/48€136k€100k▼
Accrued charges and deferred income492/3€168€158▼
Income statement
Code20232024
Remuneration, social security and pensions62€63k€32k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€3k€1k▼
Gross operating margin9900€138k€94k▼
Operating profit (loss)9901€60k€49k▼
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€159k€138k▼
Recurring financial charges65€9k€8k▼
Non-recurring financial charges66B€150k€130k▼
Profit (loss) for the period before taxes9903€-99k€-89k▲
Income taxes67/77€12k€10k▼
Profit (loss) for the period9904€-111k€-99k▲
Profit (loss) for the period to be appropriated9905€-111k€-99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-96k▼
Profit (loss) brought forward from the previous period14P€114k€3k▼
Transfer from equity791/2-€96k
Social balance
Average headcount (FTE)90871.00.7▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-111k ▼3276%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-06
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.
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, Engis · 1 establishment unit since 2011
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.
Rue Magotte(Herm) 14480 EngisGround area
126 m²
Building footprint
94 m²
Volume, LiDAR
751 m³
Parcel 61027A0095/00N000, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WAB
since 20112.203.803.277
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61027A0095/00N000 | Wallonia | 126 m² | 1 · 94 m² | 9.2 m · 3 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.
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L.W. PLANNING
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 38,491 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-08-2011
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.