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WADA

Active
Private limited companyfounded 20251 yr activeKunstlaan 56, 1000 Brussel, BelgiumKBO/BCE: BE 1026.315.230
Summary

The computed 12-month bankruptcy probability of WADA is 8.0% (elevated). The 2025 annual accounts show equity of €1,207 and a net result of -€293. Its solvency ranks better than 26% of 489 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability16
Solvency33
Growth-
Track record67
Bankruptcy probability, 12 months
8.0% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.87; short-term debt: 92.5% and cash: 78.5% of total assets), and 92.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% 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 · 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 1 year 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
7.5%
Return on assets
-1.8%
Age of the figures
9 mo
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 30-04-2026, 92 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
92 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

WADA was incorporated on 7 August 2025 as a Private limited company.1 The company has filed annual accounts once, 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
€1,207
Total assets
€16,091
Net result
-€293
Working capital
-€1,987

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €16,091
Fixed assets €3,194
Current assets €12,898
Equity and liabilities €16,091
Equity €1,207
Debt €14,884
Debt finances 92.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€26
Cash flow
-€29
Current ratio
0.87
Debt to equity
12.33
ROE
-24.3%
ROA
-1.8%
Interest coverage
-7.99
Debt ≤ 1 year
€14,884

Peer companies

Historical observation

Of the 280 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a small loss
1.1% went bankrupt
3.2% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 8.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 280 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 · 30 lines
Balance sheet Code2025
Assets
Total assets20/58€16,091
Fixed assets21/28€3,194
Tangible fixed assets22/27€3,036
Furniture and vehicles24€3,036
Financial fixed assets28€158
Current assets29/58€12,898
Amounts receivable within one year40/41€263
Other amounts receivable41€263
Cash at bank and in hand54/58€12,635
Equity and liabilities
Total equity and liabilities10/49€16,091
Equity10/15€1,207
Contributions10/11€1,500
Capital10€1,500
Issued capital100€1,500
Profit (loss) carried forward14-€293
Amounts payable17/49€14,884
Amounts payable within one year42/48€14,884
Trade debts44€10,576
Suppliers440/4€10,576
Other amounts payable47/48€4,308
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264
Other operating charges640/8€322
Gross operating margin9900€297
Operating profit (loss)9901-€290
Financial charges65/66B€3
Recurring financial charges65€3
Profit (loss) for the period before taxes9903-€293
Profit (loss) for the period9904-€293
Profit (loss) for the period to be appropriated9905-€293
Appropriation of the result
Profit (loss) to be appropriated9906-€293

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264
Other operating charges640/8€322
Gross operating margin9900€297
Operating profit (loss)9901-€290
Financial charges65/66B€3
Recurring financial charges65€3
Profit (loss) for the period before taxes9903-€293
Profit (loss) for the period9904-€293
Profit (loss) for the period to be appropriated9905-€293
Line2025
Assets
Total assets20/58€16,091
Fixed assets21/28€3,194
Tangible fixed assets22/27€3,036
Furniture and vehicles24€3,036
Financial fixed assets28€158
Current assets29/58€12,898
Amounts receivable within one year40/41€263
Other amounts receivable41€263
Cash at bank and in hand54/58€12,635
Equity and liabilities
Total equity and liabilities10/49€16,091
Equity10/15€1,207
Contributions10/11€1,500
Capital10€1,500
Issued capital100€1,500
Profit (loss) carried forward14-€293
Amounts payable17/49€14,884
Amounts payable within one year42/48€14,884
Trade debts44€10,576
Suppliers440/4€10,576
Other amounts payable47/48€4,308
Line2025
Profit (loss) for the period9904-€293
+ Depreciation and write-downs630€264
Operating cash flow (approximation)-€29

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

2026
30-04
NBB filing Annual accounts filed
fiscal year 2025 · 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, Brussel · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355 companies at this address See who is registered here
1 establishment unit
WADA
Kunstlaan 56, 1000 BrusselOther postal and courier activities
since 20252.376.676.380
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21805E0475/00F000 Brussels 4,653 m² 1 · 2,861 m² 34.5 m · 9 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, comparable size

Of 4,920 companies in sector 53200 we hold annual accounts for 1,323. 276 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
Founded07-08-2025
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1026315230
Registered 01-01-2026

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

Register as of 29 September 2026 · Peppol Directory

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