WADI GROUP
ActiveSummary
The computed 12-month bankruptcy probability of WADI GROUP is 8.0% (elevated). The 2024 annual accounts show negative equity (€-19k) and a net result of €11k. Equity is growing by ~61.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency0=
Growth78=
Track record94
Bankruptcy probability, 12 months
8.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06; short-term debt: 208.4% and cash: 5.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-108.4%
Return on assets
64.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-09-2025, 45 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
45 d late
2023
30 d early
2022
27 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-19k▲ 37.4%
2023 · €-30k
2022: €-55klowest in 3 years
2023: €-30k▲ +45.9% vs 2022
2024: €-19k▲ +37.4% vs 2023highest in 3 years
2022 → 2024
Total assets
€17k▲ 251%
2023 · €5k
2022: €5k
2023: €5k▼ -2.7% vs 2022lowest in 3 years
2024: €17k▲ +251% vs 2023highest in 3 years
2022 → 2024
Net result
€11k▼ 55.9%
2023 · €25k
2022: €-58klowest in 3 years
2023: €25k▲ +143% vs 2022highest in 3 years
2024: €11k▼ -55.9% vs 2023
2022 → 2024
Working capital
€-34k▲ 0.4%
2023 · €-34k
2022: €-59klowest in 3 years
2023: €-34k▲ +42.6% vs 2022
2024: €-34k▲ +0.4% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-55k-€-30k▲ 45.9%€-19k▲ 37.4%
2022: €-55klowest in 3 years
2023: €-30k▲ +45.9% vs 2022
2024: €-19k▲ +37.4% vs 2023highest in 3 years
Operating result€-58k-€25k€11k▼ 55.5%
2022: €-58klowest in 3 years
2023: €25k▲ +144% vs 2022highest in 3 years
2024: €11k▼ -55.5% vs 2023
Net result€-58k-€25k€11k▼ 55.9%
2022: €-58klowest in 3 years
2023: €25k▲ +143% vs 2022highest in 3 years
2024: €11k▼ -55.9% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 55% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17k
Fixed assets
€15k ▲ 262%
Current assets
€2k ▲ 187%
Key figures and ratios
Solvency
-108.4%
Current ratio
0.06
Debt to equity
-1.92
ROA
64.8%
Debt
€36k▲
2023 · €35k
Debt ≤ 1 year
€36k▲
2023 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 27 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5k€17k▲
Fixed assets21/28€4k€15k▲
Intangible fixed assets21-€11k
Financial fixed assets28€4k€4k=
Current assets29/58€692€2k▲
Amounts receivable within one year40/41€499€1k▲
Other amounts receivable41€499€1k▲
Cash at bank and in hand54/58€193€955▲
Equity and liabilities
Total equity and liabilities10/49€5k€17k▲
Equity10/15€-30k€-19k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-33k€-22k▲
Amounts payable17/49€35k€36k▲
Amounts payable within one year42/48€35k€36k▲
Trade debts44€10k€10k▼
Suppliers440/4€10k€10k▼
Other amounts payable47/48€25k€26k▲
Income statement
Code20232024
Other operating charges640/8€10k€13k▲
Gross operating margin9900€35k€25k▼
Operating profit (loss)9901€25k€11k▼
Financial charges65/66B€184€178▼
Recurring financial charges65€184€178▼
Profit (loss) for the period before taxes9903€25k€11k▼
Profit (loss) for the period9904€25k€11k▼
Profit (loss) for the period to be appropriated9905€25k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-22k▲
Profit (loss) brought forward from the previous period14P€-58k€-33k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €8k | €10k | €13k | ▲ 37.9% |
| Gross operating margin9900 | €-50k | €35k | €25k | ▼ 29.6% |
| Operating profit (loss)9901 | €-58k | €25k | €11k | ▼ 55.5% |
| Financial charges65/66B | €0 | €184 | €178 | ▼ 3.4% |
| Recurring financial charges65 | €0 | €184 | €178 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €-58k | €25k | €11k | ▼ 55.9% |
| Profit (loss) for the period9904 | €-58k | €25k | €11k | ▼ 55.9% |
| Profit (loss) for the period to be appropriated9905 | €-58k | €25k | €11k | ▼ 55.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5k | €5k | €17k | ▲ 251% |
| Fixed assets21/28 | €4k | €4k | €15k | ▲ 262% |
| Intangible fixed assets21 | - | - | €11k | - |
| Financial fixed assets28 | €4k | €4k | €4k | = |
| Current assets29/58 | €828 | €692 | €2k | ▲ 187% |
| Amounts receivable within one year40/41 | €79 | €499 | €1k | ▲ 106% |
| Other amounts receivable41 | €79 | €499 | €1k | ▲ 106% |
| Cash at bank and in hand54/58 | €750 | €193 | €955 | ▲ 394% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5k | €5k | €17k | ▲ 251% |
| Equity10/15 | €-55k | €-30k | €-19k | ▲ 37.4% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-58k | €-33k | €-22k | ▲ 34.0% |
| Amounts payable17/49 | €60k | €35k | €36k | ▲ 3.4% |
| Amounts payable within one year42/48 | €60k | €35k | €36k | ▲ 3.4% |
| Trade debts44 | €8k | €10k | €10k | ▼ 0.2% |
| Suppliers440/4 | €8k | €10k | €10k | ▼ 0.2% |
| Other amounts payable47/48 | €52k | €25k | €26k | ▲ 4.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-58k | €25k | €11k | ▼ 55.9% |
| Operating cash flow (approximation) | €-58k | €25k | €11k | ▼ 55.9% |
| Investment in fixed assets (approximation) | - | €0 | €-11k | - |
| Change in cash | - | €-556 | €761 | ▲ 237% |
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
2025
14-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 45 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2021
Ground area
1,374 m²
Building footprint
1,217 m²
Volume, LiDAR
18,160 m³
Parcel 21009A0373/00V000, Brussels · tallest building 30.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
WADI GROUP
since 20212.327.310.508
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0373/00V000 | Brussels | 1,374 m² | 1 · 1,217 m² | 30.2 m · 5 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2021
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.