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WACO

Active
Private limited companyfounded 20232 yrs activeRue Denis-Lecocq 75, 4031 Liège, BelgiumKBO/BCE: BE 1001.178.471
Summary

The computed 12-month bankruptcy probability of WACO is 3.9% (moderate). The 2025 annual accounts show negative equity (-€42,774) and a net result of -€28,075. Its solvency ranks better than 9% of 1535 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32
Track record82
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 0.67 in 2024; short-term debt: 90.9% and cash: 16.3% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-98.5%
Return on assets
-64.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€42,774
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 2 filings
Deviation from the deadline
2025
28 d late
2024
139 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 56 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 October 2023, WACO was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€42,774▼ 191%
2024 · -€14,699
Total assets
€43,428▲ 32.0%
2024 · €32,910
Net result
-€28,075▼ 68.1%
2024 · -€16,699
Working capital
-€2,701▲ 82.6%
2024 · -€15,554
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€16,438--€28,021▼ 70.5%
Net result-€16,699below the sector's middle half--€28,075below the sector's middle half▼ 68.1%
Equity-€14,699below the sector's middle half--€42,774below the sector's middle half▼ 191%
Total assets€32,910below the sector's middle half-€43,428below the sector's middle half▲ 32.0%
Debt€47,609-€86,201▲ 81.1%
Working capital-€15,554within the sector's middle half--€2,701within the sector's middle half▲ 82.6%
Solvency-44.7%below the sector's middle half--98.5%below the sector's middle half▼ 53.8pp
Current ratio0.67within the sector's middle half-0.93within the sector's middle half▲ 0.26
Return on assets (ROA)-50.7%below the sector's middle half--64.6%below the sector's middle half▼ 13.9pp
above within below the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2024: -€16,438-€16,438Net result 2024: -€16,699-€16,699Operating result 2025: -€28,021-€28,021Net result 2025: -€28,075-€28,07520242025-€30,000-€20,000-€10,000€0Operating result 2024: -€16,438-€16,400Net result 2024: -€16,699-€16,700Operating result 2025: -€28,021-€28,000Net result 2025: -€28,075-€28,10020242025
The operating result stays negative: a loss of €28,021 in 2025 against €16,438 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,428
Fixed assets €6,645 ▲ 677%
Current assets €36,782 ▲ 14.7%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€27,626▼
2024 · -€16,199
Cash flow
-€27,680▼
2024 · -€16,459
Quick ratio
0.66▲
2024 · 0.44
Debt to equity
-2.02▲
2024 · -3.24
Interest coverage
-511.60▼
2024 · -113.99
Debt ≤ 1 year
€39,483▼
2024 · €47,609
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,657 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€32,910€43,428▲
Fixed assets21/28€855€6,645▲
Intangible fixed assets21€855€636▼
Tangible fixed assets22/27-€6,009
Furniture and vehicles24-€6,009
Current assets29/58€32,055€36,782▲
Stocks and contracts in progress3€11,252€10,793▼
Stocks30/36€11,252€10,793▼
Amounts receivable within one year40/41€12,655€17,752▲
Trade receivables40€12,655€17,752▲
Cash at bank and in hand54/58€6,850€7,073▲
Deferred charges and accrued income490/1€1,298€1,164▼
Equity and liabilities
Total equity and liabilities10/49€32,910€43,428▲
Equity10/15-€14,699-€42,774▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14-€16,699-€44,774▼
Amounts payable17/49€47,609€86,201▲
Amounts payable within one year42/48€47,609€39,483▼
Trade debts44€1,580€1,471▼
Suppliers440/4€1,580€1,471▼
Taxes, remuneration and social security45€4,080€4,178▲
Taxes450/3€4,080€4,178▲
Other amounts payable47/48€41,949€33,834▼
Accrued charges and deferred income492/3-€46,718
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€240€395▲
Other operating charges640/8€772€1,108▲
Gross operating margin9900-€15,427-€26,518▼
Operating profit (loss)9901-€16,438-€28,021▼
Financial income75/76B€9-
Recurring financial income75€9-
Financial charges65/66B€142€54▼
Recurring financial charges65€142€54▼
Profit (loss) for the period before taxes9903-€16,571-€28,075▼
Income taxes67/77€128-
Profit (loss) for the period9904-€16,699-€28,075▼
Profit (loss) for the period to be appropriated9905-€16,699-€28,075▼
Appropriation of the result
Profit (loss) to be appropriated9906-€16,699-€44,774▼
Profit (loss) brought forward from the previous period14P--€16,699

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€240€395▲ 64.7%
Other operating charges640/8€772€1,108▲ 43.5%
Gross operating margin9900-€15,427-€26,518▼ 71.9%
Operating profit (loss)9901-€16,438-€28,021▼ 70.5%
Financial income75/76B€9--
Recurring financial income75€9--
Financial charges65/66B€142€54▼ 62.0%
Recurring financial charges65€142€54▼ 62.0%
Profit (loss) for the period before taxes9903-€16,571-€28,075▼ 69.4%
Income taxes67/77€128--
Profit (loss) for the period9904-€16,699-€28,075▼ 68.1%
Profit (loss) for the period to be appropriated9905-€16,699-€28,075▼ 68.1%
Line20242025Change
Assets
Total assets20/58€32,910€43,428▲ 32.0%
Fixed assets21/28€855€6,645▲ 677%
Intangible fixed assets21€855€636▼ 25.6%
Tangible fixed assets22/27-€6,009-
Furniture and vehicles24-€6,009-
Current assets29/58€32,055€36,782▲ 14.7%
Stocks and contracts in progress3€11,252€10,793▼ 4.1%
Stocks30/36€11,252€10,793▼ 4.1%
Amounts receivable within one year40/41€12,655€17,752▲ 40.3%
Trade receivables40€12,655€17,752▲ 40.3%
Cash at bank and in hand54/58€6,850€7,073▲ 3.3%
Deferred charges and accrued income490/1€1,298€1,164▼ 10.3%
Equity and liabilities
Total equity and liabilities10/49€32,910€43,428▲ 32.0%
Equity10/15-€14,699-€42,774▼ 191%
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14-€16,699-€44,774▼ 168%
Amounts payable17/49€47,609€86,201▲ 81.1%
Amounts payable within one year42/48€47,609€39,483▼ 17.1%
Trade debts44€1,580€1,471▼ 6.9%
Suppliers440/4€1,580€1,471▼ 6.9%
Taxes, remuneration and social security45€4,080€4,178▲ 2.4%
Taxes450/3€4,080€4,178▲ 2.4%
Other amounts payable47/48€41,949€33,834▼ 19.3%
Accrued charges and deferred income492/3-€46,718-
Line20242025Change
Profit (loss) for the period9904-€16,699-€28,075▼ 68.1%
+ Depreciation and write-downs630€240€395▲ 64.7%
Operating cash flow (approximation)-€16,459-€27,680▼ 68.2%
Investment in fixed assets (approximation)--€6,185-
Change in cash-€223-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
14-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Liège · 1 establishment unit since 2023
exact location from the address register On OpenStreetMap
Ground area
88 m²
Building footprint
39 m²
Volume, LiDAR
383 m³
Parcel 62002D0536/00W000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WACO
Rue G. Trasenster 64, 4102 SeraingRental and leasing activities
since 20232.350.851.814
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62002D0536/00W000 Wallonia 88 m² 1 · 39 m² 11.0 m · 3 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 175 companies in sector 77330 we hold annual accounts for 111. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
77330Rental and leasing activities
77223Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001178471
Also 9925:BE1001178471
Registered 02-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.