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WADEGRO

Active
Private limited companyfounded 20241 yr activeLammekensstraat 10, 8700 Tielt, BelgiumKBO/BCE: BE 1017.226.330
Summary

WADEGRO has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178,716 and a net result of €168,716. Its solvency ranks better than 13% of 1755 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes
Profitability80
Solvency35
Growth-
Track record67
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.73; short-term debt: 30.4% and cash: 12.5% of total assets), and 90.2% of the assets are financed with debt.
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Signals

Five 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
9.8%
Return on assets
9.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1755 sector peers (2025).
NBB · sector comparison
Position among 1755 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← 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

WADEGRO was incorporated on 11 December 2024 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, abbreviated schema

Equity
€178,716
Total assets
€1.8m
Net result
€168,716
Working capital
-€149,629

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

Balance-sheet composition
Assets €1.8m
Fixed assets €1.4m
Current assets €403,084
Equity and liabilities €1.8m
Equity €178,716
Debt €1.6m
Debt finances 90.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€506,107
Cash flow
€405,399
Current ratio
0.73
Quick ratio
0.65
Debt to equity
9.19
ROE
94.4%
ROA
9.3%
Interest coverage
12.96
Debt ≤ 1 year
€552,714
Debt > 1 year
€1.1m
Income taxes
€72,863
Staff costs
€87,484

Peer companies

Historical observation

Of the 320 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
2.5% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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% 1.6%
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 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 320 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 · 49 lines
Balance sheet Code2025
Assets
Total assets20/58€1.8m
Fixed assets21/28€1.4m
Tangible fixed assets22/27€1.4m
Land and buildings22€1.1m
Plant, machinery and equipment23€203,040
Furniture and vehicles24€148,000
Current assets29/58€403,084
Stocks and contracts in progress3€44,500
Stocks30/36€44,500
Amounts receivable within one year40/41€129,149
Trade receivables40€117,412
Other amounts receivable41€11,737
Current investments50/53€2,000
Cash at bank and in hand54/58€227,435
Equity and liabilities
Total equity and liabilities10/49€1.8m
Equity10/15€178,716
Contributions10/11€10,000
Reserves13€168,716
Distributable reserves133€168,716
Amounts payable17/49€1.6m
Amounts payable after more than one year17€1.1m
Financial debts170/4€1.1m
Amounts payable within one year42/48€552,714
Current portion of amounts payable after more than one year42€72,450
Financial debts43€75,000
Credit institutions430/8€75,000
Trade debts44€14,137
Suppliers440/4€14,137
Taxes, remuneration and social security45€96,760
Taxes450/3€94,627
Remuneration and social security454/9€2,133
Other amounts payable47/48€294,367
Income statement Code2025
Remuneration, social security and pensions62€87,484
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€236,682
Other operating charges640/8€7,886
Gross operating margin9900€601,476
Operating profit (loss)9901€269,425
Financial income75/76B€11,194
Recurring financial income75€11,194
Financial charges65/66B€39,039
Recurring financial charges65€39,039
Profit (loss) for the period before taxes9903€241,579
Income taxes67/77€72,863
Profit (loss) for the period9904€168,716
Profit (loss) for the period to be appropriated9905€168,716
Appropriation of the result
Profit (loss) to be appropriated9906€168,716
Transfer to equity691/2€168,716
To other reserves6921€168,716
Social balance
Average headcount (FTE)90872.0

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€87,484
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€236,682
Other operating charges640/8€7,886
Gross operating margin9900€601,476
Operating profit (loss)9901€269,425
Financial income75/76B€11,194
Recurring financial income75€11,194
Financial charges65/66B€39,039
Recurring financial charges65€39,039
Profit (loss) for the period before taxes9903€241,579
Income taxes67/77€72,863
Profit (loss) for the period9904€168,716
Profit (loss) for the period to be appropriated9905€168,716
Line2025
Assets
Total assets20/58€1.8m
Fixed assets21/28€1.4m
Tangible fixed assets22/27€1.4m
Land and buildings22€1.1m
Plant, machinery and equipment23€203,040
Furniture and vehicles24€148,000
Current assets29/58€403,084
Stocks and contracts in progress3€44,500
Stocks30/36€44,500
Amounts receivable within one year40/41€129,149
Trade receivables40€117,412
Other amounts receivable41€11,737
Current investments50/53€2,000
Cash at bank and in hand54/58€227,435
Equity and liabilities
Total equity and liabilities10/49€1.8m
Equity10/15€178,716
Contributions10/11€10,000
Reserves13€168,716
Distributable reserves133€168,716
Amounts payable17/49€1.6m
Amounts payable after more than one year17€1.1m
Financial debts170/4€1.1m
Amounts payable within one year42/48€552,714
Current portion of amounts payable after more than one year42€72,450
Financial debts43€75,000
Credit institutions430/8€75,000
Trade debts44€14,137
Suppliers440/4€14,137
Taxes, remuneration and social security45€96,760
Taxes450/3€94,627
Remuneration and social security454/9€2,133
Other amounts payable47/48€294,367
Line2025
Profit (loss) for the period9904€168,716
+ Depreciation and write-downs630€236,682
Operating cash flow (approximation)€405,399

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
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
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, Tielt · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
2.3 ha
Building footprint
1.7 ha
Volume, LiDAR
74,777 m³
Parcel 37001C0354/00G000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wadegro
Lammekensstraat 10, 8700 TieltGrowing of vegetables, melons, roots and tubers
since 20252.368.655.767
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37001C0354/00G000 Flanders 2.3 ha 1 · 1.7 ha 8.4 m · 2 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Tielt2.368.655.767
2 permissions
Boerderij - akkerbouw · since 01-01-2025
Groententeeltbedrijf · since 01-01-2025

Similar companies · same sector, comparable size

Of 3,623 companies in sector 01130 we hold annual accounts for 789. 560 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
Founded11-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
Contact
E-mail watteynemathias@gmail.com
Phone +32474818400
E-invoicing
Reachable via Peppol
Peppol ID 0208:1017226330
Also 9925:BE1017226330
Registered 14-05-2025

Register as of 26 September 2026 · Peppol Directory

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