Summary
WADECU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.5m and a net result of €368,477. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 8074 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2.5m▲ 16.5%
2024 · €2.2m
Net result
€368,477▲ 102%
2024 · €182,674
Total assets
€2.6m▲ 14.3%
2024 · €2.3m
Solvency
98.9%▲ 1.8pp
2024 · 97.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€353,004▲ 66.8%€867,861▲ 146%€1.1m▲ 27.1%€207,344▼ 81.2%€476,823▲ 130%
Net result€243,616above the sector's middle half▲ 82.1%€601,792above the sector's middle half▲ 147%€752,882above the sector's middle half▲ 25.1%€182,674within the sector's middle half▼ 75.7%€368,477above the sector's middle half▲ 102%
Equity€769,934within the sector's middle half▲ 23.4%€1.3mwithin the sector's middle half▲ 68.9%€2.0mwithin the sector's middle half▲ 53.9%€2.2mwithin the sector's middle half▲ 9.1%€2.5mabove the sector's middle half▲ 16.5%
Total assets€1.4mwithin the sector's middle half▲ 38.2%€1.8mwithin the sector's middle half▲ 26.3%€2.2mwithin the sector's middle half▲ 23.3%€2.3mwithin the sector's middle half▲ 3.1%€2.6mabove the sector's middle half▲ 14.3%
Debt€633,240▲ 61.9%€471,560▼ 25.5%€182,319▼ 61.3%€67,292▼ 63.1%€29,497▼ 56.2%
Working capital€565,513▲ 28.6%€1.1m▲ 86.4%€1.8m▲ 73.4%€2.0m▲ 11.8%€2.4m▲ 18.9%
Solvency54.9%within the sector's middle half▼ 6.6pp73.4%within the sector's middle half▲ 18.5pp91.7%above the sector's middle half▲ 18.3pp97.0%above the sector's middle half▲ 5.4pp98.9%above the sector's middle half▲ 1.8pp
Staff (FTE)8.6above the sector's middle half▲ 50.9%7.9above the sector's middle half▼ 8.1%0within the sector's middle half▼ 100%0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +102% on 2024. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 130% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€123,179 ▼ 22.6%
Current assets
€2.5m ▲ 17.2%
Equity and liabilities €2.6m
Equity
€2.5m ▲ 16.5%
Debt
€29,497 ▼ 56.2%
Debt's share of the balance-sheet total falls from 3.0% to 1.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
14.5%▲
2024 · 8.4%
ROA
14.3%▲
2024 · 8.1%
Debt ≤ 1 year
€23,869▼
2024 · €50,099
Debt > 1 year
€5,559▼
2024 · €16,253
Income taxes
€150,248▲
2024 · €82,259
Staff costs
€0▼
2024 · €491
A ratio outside any meaningful range has been withheld (balance sheet total €2.6m, equity €2.5m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €885,360 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €358,920 | -€40,949 | €491 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,227 | €54,033 | €46,629 | €42,569 | €37,324 | ▼ 12.3% |
| Other operating charges640/8 | - | €5,862 | €5,231 | €7,065 | €5,922 | ▼ 16.2% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €804,643 | €1.3m | €1.1m | €257,469 | €520,069 | ▲ 102% |
| Operating profit (loss)9901 | €353,004 | €867,861 | €1.1m | €207,344 | €476,823 | ▲ 130% |
| Financial income75/76B | - | €4,217 | €5,779 | €60,434 | €43,153 | ▼ 28.6% |
| Recurring financial income75 | €2,848 | €3,991 | €4,474 | €60,434 | €43,153 | ▼ 28.6% |
| Non-recurring financial income76B | - | €225 | €1,306 | €0 | - | - |
| Financial charges65/66B | - | €3,976 | €3,260 | €2,844 | €1,250 | ▼ 56.0% |
| Recurring financial charges65 | €4,620 | €3,976 | €3,260 | €2,844 | €1,250 | ▼ 56.0% |
| Profit (loss) for the period before taxes9903 | €354,195 | €868,101 | €1.1m | €264,933 | €518,725 | ▲ 95.8% |
| Income taxes67/77 | €110,578 | €266,309 | €352,971 | €82,259 | €150,248 | ▲ 82.7% |
| Profit (loss) for the period9904 | €243,616 | €601,792 | €752,882 | €182,674 | €368,477 | ▲ 102% |
| Transfer from tax-exempt reserves789 | - | €38,779 | €107,020 | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | €126,300 | €84,200 | €0 | €126,300 | - |
| Profit (loss) for the period to be appropriated9905 | €243,616 | €514,271 | €775,702 | €182,674 | €242,177 | ▲ 32.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.8m | €2.2m | €2.3m | €2.6m | ▲ 14.3% |
| Fixed assets21/28 | €266,898 | €290,050 | €201,674 | €159,104 | €123,179 | ▼ 22.6% |
| Intangible fixed assets21 | - | €1,631 | €0 | - | - | - |
| Tangible fixed assets22/27 | €266,583 | €288,419 | €201,674 | €159,104 | €123,179 | ▼ 22.6% |
| Land and buildings22 | - | €158,956 | €139,755 | €120,554 | €101,352 | ▼ 15.9% |
| Plant, machinery and equipment23 | - | €21,458 | €15,578 | €10,868 | €7,344 | ▼ 32.4% |
| Furniture and vehicles24 | - | €108,005 | €46,341 | €27,682 | €14,482 | ▼ 47.7% |
| Financial fixed assets28 | €315 | €0 | - | - | - | - |
| Current assets29/58 | €1.1m | €1.5m | €2.0m | €2.1m | €2.5m | ▲ 17.2% |
| Amounts receivable within one year40/41 | €278,429 | €397,225 | €1.1m | €672,700 | €119,343 | ▼ 82.3% |
| Trade receivables40 | - | €284,734 | €111,551 | €101,495 | €52,566 | ▼ 48.2% |
| Other amounts receivable41 | - | €112,491 | €984,283 | €571,205 | €66,777 | ▼ 88.3% |
| Current investments50/53 | €207,652 | €225,898 | €341,558 | €487,232 | €323,606 | ▼ 33.6% |
| Cash at bank and in hand54/58 | €642,889 | €833,528 | €523,236 | €862,318 | €2.0m | ▲ 132% |
| Deferred charges and accrued income490/1 | - | €25,573 | €22,034 | €70,628 | €10,859 | ▼ 84.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.8m | €2.2m | €2.3m | €2.6m | ▲ 14.3% |
| Equity10/15 | €769,934 | €1.3m | €2.0m | €2.2m | €2.5m | ▲ 16.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €763,734 | €1.3m | €2.0m | €2.2m | €2.5m | ▲ 16.6% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €233,320 | €210,500 | €210,500 | €336,800 | ▲ 60.0% |
| Distributable reserves133 | - | €1.1m | €1.8m | €2.0m | €2.2m | ▲ 11.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €633,240 | €471,560 | €182,319 | €67,292 | €29,497 | ▼ 56.2% |
| Amounts payable after more than one year17 | €62,477 | €42,672 | €26,568 | €16,253 | €5,559 | ▼ 65.8% |
| Financial debts170/4 | - | €42,572 | €26,468 | €16,253 | €5,559 | ▼ 65.8% |
| Other amounts payable178/9 | - | €100 | €100 | €0 | - | - |
| Amounts payable within one year42/48 | €570,763 | €427,949 | €154,811 | €50,099 | €23,869 | ▼ 52.4% |
| Current portion of amounts payable after more than one year42 | - | €19,805 | €16,103 | €10,215 | €11,592 | ▲ 13.5% |
| Financial debts43 | - | €4 | €0 | - | - | - |
| Credit institutions430/8 | - | €4 | €0 | - | - | - |
| Trade debts44 | €419,724 | €227,704 | €40,956 | €19,255 | €7,200 | ▼ 62.6% |
| Suppliers440/4 | - | €227,704 | €40,956 | €19,255 | €7,200 | ▼ 62.6% |
| Advances received on contracts in progress46 | - | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | - | €72,598 | €26,174 | €20,629 | €2,889 | ▼ 86.0% |
| Taxes450/3 | - | €31,058 | €23,280 | €16,118 | €634 | ▼ 96.1% |
| Remuneration and social security454/9 | - | €41,540 | €2,894 | €4,511 | €2,255 | ▼ 50.0% |
| Other amounts payable47/48 | - | €107,838 | €71,578 | €0 | €2,188 | - |
| Accrued charges and deferred income492/3 | - | €940 | €940 | €940 | €69 | ▼ 92.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €243,616 | €601,792 | €752,882 | €182,674 | €368,477 | ▲ 102% |
| + Depreciation and write-downs630 | €50,227 | €54,033 | €46,629 | €42,569 | €37,324 | ▼ 12.3% |
| Operating cash flow (approximation) | €293,844 | €655,825 | €799,511 | €225,244 | €405,801 | ▲ 80.2% |
| Investment in fixed assets (approximation) | - | -€77,185 | €41,747 | €0 | -€1,398 | - |
| Change in cash | - | €190,639 | -€310,292 | €339,082 | €1.1m | ▲ 235% |
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
Next filing, fiscal year 2026, expected by
2026
17-06
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
17-06
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity doublescurrent ratio 102.72
Current ratio from 41.77 to 102.72; short-term debt falls from €50,099 to €23,869.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Liquidity triplescurrent ratio 41.77
Current ratio from 12.81 to 41.77; short-term debt falls from €154,811 to €50,099.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €752,882 ▲25.1%
Operating result €1.1m, net result €752,882, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 12.81
Current ratio from 3.46 to 12.81; short-term debt falls from €427,949 to €154,811.
30-06
Financial
Equity above €2mEq €2.0m ▲53.9%
5 profitable years in a row build equity to €2.0m.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €1mEq €1.3m ▲68.9%
4 profitable years in a row build equity to €1.3m.
Show earlier events
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €133,810 ▼12.8%
Net result drops to €133,810, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €500,000Eq €624,084 ▲26.9%
2 profitable years in a row build equity to €624,084.
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 3 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Menen · 1 establishment unit since 2008
Ground area
863 m²
Building footprint
402 m²
Volume, LiDAR
1,893 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wadecu
since 20082.170.578.502
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024B0104/00Y000 | Flanders | 685 m² | 1 · 124 m² | 8.0 m · 2 fl. |
| 34024B0374/00T017 | Flanders | 179 m² | 1 · 277 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,109 EUR awarded · 1,109 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,109 EUR | 1,109 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 10,216 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
Founded28-04-2008
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897660764
Also
9925:BE0897660764
Registered
03-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.