WADO
ActiveSummary
WADO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €542,041 and a net result of €77,887. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+2
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 5.56 against 3.67 in 2024; short-term debt: 14.9% and cash: 27.9% of total assets), and 17.3% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.7%
Return on assets
11.9%
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
on the day
2023
50 d early
2022
11 d late
2021
16 d late
2020
25 d late
2019
89 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 11 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Havelange, Wholesale and retail trade sector#9 oldest company in Havelange, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€77,887▲ 7.2%
2024 · €72,667
Working capital
€445,704▲ 12.6%
2024 · €395,812
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€146,506▲ 111%€69,212▼ 52.8%€75,215▲ 8.7%€96,734▲ 28.6%€105,062▲ 8.6%
Net result€116,101▲ 151%€51,034▼ 56.0%€57,070▲ 11.8%€72,667▲ 27.3%€77,887▲ 7.2%
Equity€402,097▲ 26.1%€420,131▲ 4.5%€477,201▲ 13.6%€507,011▲ 6.2%€542,041▲ 6.9%
Total assets€659,044▲ 27.2%€685,182▲ 4.0%€688,162▲ 0.4%€684,786▼ 0.5%€655,334▼ 4.3%
Debt€256,947▲ 28.9%€265,052▲ 3.2%€210,961▼ 20.4%€177,775▼ 15.7%€113,293▼ 36.3%
Working capital€326,032▲ 27.7%€293,093▼ 10.1%€353,352▲ 20.6%€395,812▲ 12.0%€445,704▲ 12.6%
Staff (FTE)1=1=1=1=1=
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €655,334
Fixed assets
€111,818 ▼ 20.7%
Current assets
€543,516 ▼ 0.1%
Equity and liabilities €655,334
Equity
€542,041 ▲ 6.9%
Debt
€113,293 ▼ 36.3%
Debt's share of the balance-sheet total falls from 26.0% to 17.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145,339▲
2024 · €136,843
Cash flow
€118,164▲
2024 · €112,777
Current ratio
5.56▲
2024 · 3.67
Quick ratio
3.56▲
2024 · 2.56
Debt to equity
0.21▼
2024 · 0.35
ROE
14.4%▲
2024 · 14.3%
ROA
11.9%▲
2024 · 10.6%
Interest coverage
42.76▲
2024 · 30.07
Debt ≤ 1 year
€97,812▼
2024 · €148,047
Debt > 1 year
€15,476▼
2024 · €29,726
Income taxes
€23,785▲
2024 · €19,555
Staff costs
€54,685▼
2024 · €60,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 31,324 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €43,353 | €46,340 | €59,583 | €60,518 | €54,685 | ▼ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,237 | €30,547 | €33,931 | €40,110 | €40,277 | ▲ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €18,486 | €16,523 | -€9,011 | €0 | - | - |
| Other operating charges640/8 | €4,950 | €7,888 | €5,663 | €5,860 | €6,649 | ▲ 13.5% |
| Gross operating margin9900 | €236,533 | €170,511 | €165,381 | €203,221 | €206,674 | ▲ 1.7% |
| Operating profit (loss)9901 | €146,506 | €69,212 | €75,215 | €96,734 | €105,062 | ▲ 8.6% |
| Financial income75/76B | €2,730 | €802 | €223 | €40 | €8 | ▼ 79.1% |
| Recurring financial income75 | €2,730 | €802 | €223 | €40 | €8 | ▼ 79.1% |
| Financial charges65/66B | €4,512 | €3,104 | €2,564 | €4,551 | €3,399 | ▼ 25.3% |
| Recurring financial charges65 | €4,512 | €3,104 | €2,564 | €4,551 | €3,399 | ▼ 25.3% |
| Profit (loss) for the period before taxes9903 | €144,724 | €66,910 | €72,874 | €92,222 | €101,672 | ▲ 10.2% |
| Income taxes67/77 | €28,623 | €15,875 | €15,804 | €19,555 | €23,785 | ▲ 21.6% |
| Profit (loss) for the period9904 | €116,101 | €51,034 | €57,070 | €72,667 | €77,887 | ▲ 7.2% |
| Profit (loss) for the period to be appropriated9905 | €116,101 | €51,034 | €57,070 | €72,667 | €77,887 | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €659,044 | €685,182 | €688,162 | €684,786 | €655,334 | ▼ 4.3% |
| Fixed assets21/28 | €141,847 | €170,897 | €175,157 | €140,926 | €111,818 | ▼ 20.7% |
| Intangible fixed assets21 | €1,927 | €1,192 | €457 | €0 | - | - |
| Tangible fixed assets22/27 | €137,421 | €167,205 | €172,200 | €138,426 | €109,318 | ▼ 21.0% |
| Land and buildings22 | €61,654 | €57,334 | €53,014 | €50,955 | €46,387 | ▼ 9.0% |
| Plant, machinery and equipment23 | €5,512 | €4,724 | €5,973 | €8,024 | €12,481 | ▲ 55.6% |
| Furniture and vehicles24 | €70,255 | €105,148 | €113,212 | €79,447 | €50,451 | ▼ 36.5% |
| Financial fixed assets28 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Current assets29/58 | €517,197 | €514,285 | €513,005 | €543,860 | €543,516 | ▼ 0.1% |
| Stocks and contracts in progress3 | €73,131 | €101,909 | €129,500 | €164,935 | €195,680 | ▲ 18.6% |
| Stocks30/36 | €73,131 | €101,909 | €129,500 | €164,935 | €195,680 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €183,754 | €178,062 | €193,259 | €205,549 | €153,772 | ▼ 25.2% |
| Trade receivables40 | €182,724 | €178,062 | €193,118 | €195,091 | €137,095 | ▼ 29.7% |
| Other amounts receivable41 | €1,030 | - | €141 | €10,459 | €16,677 | ▲ 59.5% |
| Cash at bank and in hand54/58 | €256,252 | €229,670 | €186,072 | €166,303 | €182,783 | ▲ 9.9% |
| Deferred charges and accrued income490/1 | €4,060 | €4,644 | €4,174 | €7,072 | €11,281 | ▲ 59.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €659,044 | €685,182 | €688,162 | €684,786 | €655,334 | ▼ 4.3% |
| Equity10/15 | €402,097 | €420,131 | €477,201 | €507,011 | €542,041 | ▲ 6.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €383,497 | €401,531 | €401,531 | €401,531 | €411,531 | ▲ 2.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €381,637 | €399,671 | €399,671 | €399,671 | €409,671 | ▲ 2.5% |
| Profit (loss) carried forward14 | - | - | €57,070 | €86,880 | €111,910 | ▲ 28.8% |
| Amounts payable17/49 | €256,947 | €265,052 | €210,961 | €177,775 | €113,293 | ▼ 36.3% |
| Amounts payable after more than one year17 | €65,783 | €43,860 | €51,308 | €29,726 | €15,476 | ▼ 47.9% |
| Financial debts170/4 | €65,783 | €43,860 | €51,308 | €29,726 | €15,476 | ▼ 47.9% |
| Amounts payable within one year42/48 | €191,164 | €221,192 | €159,654 | €148,047 | €97,812 | ▼ 33.9% |
| Current portion of amounts payable after more than one year42 | €21,641 | €22,934 | €29,827 | €22,605 | €14,250 | ▼ 37.0% |
| Trade debts44 | €93,329 | €52,608 | €67,177 | €63,798 | €34,943 | ▼ 45.2% |
| Suppliers440/4 | €93,329 | €52,608 | €67,177 | €63,798 | €34,943 | ▼ 45.2% |
| Taxes, remuneration and social security45 | €42,418 | €58,666 | €23,998 | €31,575 | €20,794 | ▼ 34.1% |
| Taxes450/3 | €37,917 | €54,042 | €15,939 | €25,126 | €17,590 | ▼ 30.0% |
| Remuneration and social security454/9 | €4,501 | €4,624 | €8,059 | €6,449 | €3,203 | ▼ 50.3% |
| Other amounts payable47/48 | €33,776 | €86,984 | €38,651 | €30,070 | €27,825 | ▼ 7.5% |
| Accrued charges and deferred income492/3 | - | - | - | €1 | €5 | ▲ 420% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,101 | €51,034 | €57,070 | €72,667 | €77,887 | ▲ 7.2% |
| + Depreciation and write-downs630 | €23,237 | €30,547 | €33,931 | €40,110 | €40,277 | ▲ 0.4% |
| Operating cash flow (approximation) | €139,339 | €81,582 | €91,000 | €112,777 | €118,164 | ▲ 4.8% |
| Investment in fixed assets (approximation) | - | -€59,597 | -€38,190 | -€5,879 | -€11,170 | ▼ 90.0% |
| Change in cash | - | -€26,582 | -€43,598 | -€19,768 | €16,480 | ▲ 183% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500,000Eq €507,011 ▲6.2%
7 profitable years in a row build equity to €507,011.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Highest result since 2018net €116,101 ▲151%
Operating result €146,506, net result €116,101, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Havelange · 1 establishment unit since 2000
Ground area
1,641 m²
Building footprint
56 m²
Parcel 91087A0493/00X002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Liège(ME) 6, 5372 Havelange
since 20002.094.130.921
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91087A0493/00X002 | Wallonia | 1,641 m² | 1 · 56 m² | - |
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.
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Of 687 companies in sector 46412 we hold annual accounts for 518. 377 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
Founded08-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
46498Wholesale trade
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473225485
Registered
20-02-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.