WABA
ActiveSummary
WABA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51,809 and a net result of €21,155. Equity is growing by ~42.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 8103 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-13
Solvency61▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 5.98 against 4.2 in 2023; short-term debt: 15.5% and cash: 81.2% of total assets), but 63.5% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
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
36.5%
Return on assets
14.9%
Age of the figures
21 mo
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 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
55 d early
2022
38 d early
2021
45 d early
2020
50 d early
2019
22 d early
← 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 43 days before 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, abbreviated schema
Equity
€51,809▲ 69.0%
2023 · €30,654
Total assets
€142,031▲ 13.3%
2023 · €125,354
Net result
€21,155▼ 43.0%
2023 · €37,132
Working capital
€109,646▲ 29.2%
2023 · €84,838
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,008▲ 30.9%€22,790▲ 355%€28,279▲ 24.1%€52,028▲ 84.0%€29,989▼ 42.4%
Net result€4,547▲ 33.4%€18,767▲ 313%€19,398▲ 3.4%€37,132▲ 91.4%€21,155▼ 43.0%
Equity-€44,643▲ 9.2%-€25,876▲ 42.0%-€6,478▲ 75.0%€30,654€51,809▲ 69.0%
Total assets€47,936▲ 9.4%€89,409▲ 86.5%€88,868▼ 0.6%€125,354▲ 41.1%€142,031▲ 13.3%
Debt€24,364▼ 1.8%€47,070▲ 93.2%€27,131▼ 42.4%€26,485▼ 2.4%€22,008▼ 16.9%
Working capital€23,572▲ 23.9%€42,339▲ 79.6%€44,053▲ 4.0%€84,838▲ 92.6%€109,646▲ 29.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €142,031
Fixed assets
€10,378 ▼ 26.0%
Current assets
€131,653 ▲ 18.3%
Equity and liabilities €142,031
Equity
€51,809 ▲ 69.0%
Provisions
€68,215 =
Debt
€22,008 ▼ 16.9%
Debt's share of the balance-sheet total falls from 21.1% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,642▼
2023 · €55,681
Cash flow
€24,808▼
2023 · €40,785
Current ratio
5.98▲
2023 · 4.20
Quick ratio
5.44▲
2023 · 3.75
Debt to equity
0.42▼
2023 · 0.86
ROE
40.8%▼
2023 · 121.1%
ROA
14.9%▼
2023 · 29.6%
Interest coverage
390.01▼
2023 · 592.35
Debt ≤ 1 year
€22,008▼
2023 · €26,485
Income taxes
€9,332▼
2023 · €15,039
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €207 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €580 | €3,653 | €3,653 | = |
| Other operating charges640/8 | - | €600 | €1,307 | €1,668 | €1,360 | ▼ 18.5% |
| Gross operating margin9900 | €5,494 | €23,390 | €30,167 | €57,349 | €35,002 | ▼ 39.0% |
| Operating profit (loss)9901 | €5,008 | €22,790 | €28,279 | €52,028 | €29,989 | ▼ 42.4% |
| Financial income75/76B | - | €0 | - | €237 | €583 | ▲ 146% |
| Recurring financial income75 | - | €0 | - | €237 | €583 | ▲ 146% |
| Financial charges65/66B | - | €77 | €124 | €94 | €86 | ▼ 8.2% |
| Recurring financial charges65 | €77 | €77 | €124 | €94 | €86 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €4,931 | €22,713 | €28,156 | €52,172 | €30,486 | ▼ 41.6% |
| Income taxes67/77 | €383 | €3,946 | €8,758 | €15,039 | €9,332 | ▼ 38.0% |
| Profit (loss) for the period9904 | €4,547 | €18,767 | €19,398 | €37,132 | €21,155 | ▼ 43.0% |
| Profit (loss) for the period to be appropriated9905 | €4,547 | €18,767 | €19,398 | €37,132 | €21,155 | ▼ 43.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,936 | €89,409 | €88,868 | €125,354 | €142,031 | ▲ 13.3% |
| Fixed assets21/28 | - | - | €17,684 | €14,031 | €10,378 | ▼ 26.0% |
| Tangible fixed assets22/27 | - | - | €17,684 | €14,031 | €10,378 | ▼ 26.0% |
| Furniture and vehicles24 | - | - | €17,684 | €14,031 | €10,378 | ▼ 26.0% |
| Current assets29/58 | €47,936 | €89,409 | €71,184 | €111,323 | €131,653 | ▲ 18.3% |
| Stocks and contracts in progress3 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Stocks30/36 | - | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Amounts receivable within one year40/41 | €29,028 | €35,501 | €4,035 | €2,748 | €3,247 | ▲ 18.2% |
| Trade receivables40 | - | €8,446 | €2,100 | €2,100 | €2,100 | = |
| Other amounts receivable41 | - | €27,055 | €1,935 | €648 | €1,147 | ▲ 77.1% |
| Cash at bank and in hand54/58 | €6,756 | €41,155 | €54,035 | €95,618 | €115,400 | ▲ 20.7% |
| Deferred charges and accrued income490/1 | - | €753 | €1,114 | €957 | €1,006 | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,936 | €89,409 | €88,868 | €125,354 | €142,031 | ▲ 13.3% |
| Equity10/15 | -€44,643 | -€25,876 | -€6,478 | €30,654 | €51,809 | ▲ 69.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€58,903 | -€40,136 | -€20,738 | €16,394 | €37,549 | ▲ 129% |
| Provisions and deferred taxes16 | €68,215 | €68,215 | €68,215 | €68,215 | €68,215 | = |
| Provisions for liabilities and charges160/5 | - | €68,215 | €68,215 | €68,215 | €68,215 | = |
| Pensions and similar obligations160 | - | €68,215 | €68,215 | €68,215 | €68,215 | = |
| Amounts payable17/49 | €24,364 | €47,070 | €27,131 | €26,485 | €22,008 | ▼ 16.9% |
| Amounts payable within one year42/48 | €24,364 | €47,070 | €27,131 | €26,485 | €22,008 | ▼ 16.9% |
| Trade debts44 | €1,492 | €542 | €440 | €1,252 | €2,743 | ▲ 119% |
| Suppliers440/4 | - | €542 | €440 | €1,252 | €2,743 | ▲ 119% |
| Taxes, remuneration and social security45 | - | €3,946 | €8,758 | €5,968 | - | - |
| Taxes450/3 | - | €3,946 | €8,758 | €5,968 | - | - |
| Other amounts payable47/48 | - | €42,581 | €17,933 | €19,265 | €19,265 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,547 | €18,767 | €19,398 | €37,132 | €21,155 | ▼ 43.0% |
| + Depreciation and write-downs630 | - | - | €580 | €3,653 | €3,653 | = |
| Operating cash flow (approximation) | €4,547 | €18,767 | €19,978 | €40,785 | €24,808 | ▼ 39.2% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €34,398 | €12,881 | €41,582 | €19,782 | ▼ 52.4% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €37,132 ▲91.4%
Operating result €52,028, net result €37,132, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €3,408
Net result €3,408 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ravels · 1 establishment unit since 2002
Ground area
933 m²
Building footprint
229 m²
Volume, LiDAR
1,023 m³
Parcel 13048D0340/00K000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WABA
since 20022.101.605.562
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048D0340/00K000 | Flanders | 933 m² | 1 · 229 m² | 7.3 m · 1 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 38,259 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
Founded22-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.