Equity
-€57,217
Debts exceed assets in financial year 2025.
WABE
Lifetime
14 annual accounts with figures on one time axispeak €33,281 (2023)
-€3,872▲ €15,121
lowest -€54,711 (2024)
-€27,688▲ €27,023
peak €26,203 (2019)
-€57,217▼ €27,688
€506,751▲ 71.6%
peak 0.4 FTE (2020)
0 FTE▼ 100%
Board2 names since 2011
2 directorsCharlotte WARZEE and 1 other
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Gross margin from -€18,993 to -€3,872Loss of €27,688Staff from 0.2 FTE to 0 FTEEquity from -€29,529 to -€57,217Debts from €295,292 to €506,751Cash from €1,954 to €518
Key points
from the 2025 annual accountsLosses
-€82,399 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€506,751 113% of the balance sheet
Financial debts 33%Suppliers 2%Other 65%
Of this, €266,383 falls due within a year.
Liquidity
0.73 was 0.10 in 2024
Short-term debts rose from €114,533 to €266,383.
Filings
14 annual accounts since 2012
Four of the last ten came late. The 2017 accounts came latest: 106 days after the end of the period.
Position in the sector
-€57,217
Less equity than 91% of companies in wholesale trade. Sector median €360,959 · 9,897 companies.
Checked score
53
Fair
Financially stronger than 14% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.5 percentage points vs 07-2025
09-2025: 2.1%▲ +1.1 percentage points vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026
07-2026: 2.2%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 1.2%▼ -1.0 percentage point vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€57,217
Liquidity: current ratio 0.73, cash €518, halved
Loss of €27,688, the second in a row (financial year 2025)
lowers risk
Size: total assets €449,535
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 14% of them on solvency, 18% on liquidity, 17% on profitability and 5% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as WABE has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WABE itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for WABE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.73 (0.1 in 2024), below 1. Short-term debt is 59.3% and cash 0.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€57,217
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
7 days late
2023
27 days early
2022
6 days early
2021
12 days early
2020
40 days late
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0838967153
Changes of role: Nicolas BERNARD (director) and Charlotte WARZEE (director)
“La société a pour objet,pour compte propre ou au nom et pour le compte de tiers,seule ou en collaboration avec…” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 20-12-2023 · Gazette deed
First establishment
Rue du Pourrain 67, Assesse
Incorporation
published on 06-09-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WABE Assesse | €449,535 | -€3,872 | -12.7% | 0 |
| TWEEPERENBOOM Herent | €396,367 | -€69,730 | 48.9% | 0 |
| P.M.C. Waregem | €928,030 | -€24,340 | 99.1% | 0 |
| ROOSE AUTOMATION Bruges | €499,236 | -€93,809 | 11.2% | 0 |
| EUROPEAN DISTRIBUTION SOLUTIONS Lubbeek | €180,910 | €2,489 | 3.1% | 0 |
| ALFA RENTING SERVICES Rumst | €381,735 | €2,595 | 94.1% | 0 |
| Ag Ambition Sint-Niklaas | €467,692 | -€28,120 | -8.4% | 0.3 |
These companies have the same main activity as WABE: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €181,000 and €928,000, founded between 1995 and 2019.
Official details
Source: KBO- Status
- Active since 02-09-2011Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190and 5 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.203.177.0345330 Assesse, since 14-10-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 22-11-2025
Annual accounts 2025
- €449,535▲ 69.1%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on WABE
WABE files the abbreviated format. That format states no turnover. The gross margin fell from €10,049 in 2012 to -€3,872 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WABE
- What is the company number of WABE?
- The company number of WABE is 0838.967.153. The VAT number is the same number with BE in front: BE 0838.967.153.
- Where is WABE based?
- The registered office is at Rue du Pourrain 67, 5330 Assesse.Company details
- What does WABE do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of WABE?
- WABE is a private limited company (BV).
- When was WABE founded?
- WABE was founded on 02-09-2011.
- Is WABE still active?
- Yes, WABE is an active enterprise in the KBO register.
- How many employees does WABE have?
- WABE had an average of 0.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does WABE fall under?
- In its 2024 annual accounts, WABE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of WABE?
- The annual accounts for financial year 2025 state no turnover.
- Is WABE profitable?
- In financial year 2025, WABE made a loss of €27,688.
- Where can I find the annual accounts of WABE?
- WABE filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WABE due?
- WABE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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