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 €542k and a net result of €78k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 8048 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 €45k 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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€78k▲ 7.2%
2024 · €73k
Working capital
€446k▲ 12.6%
2024 · €396k
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€147k▲ 111%€69k▼ 52.8%€75k▲ 8.7%€97k▲ 28.6%€105k▲ 8.6%
Net result€116k▲ 151%€51k▼ 56.0%€57k▲ 11.8%€73k▲ 27.3%€78k▲ 7.2%
Equity€402k▲ 26.1%€420k▲ 4.5%€477k▲ 13.6%€507k▲ 6.2%€542k▲ 6.9%
Total assets€659k▲ 27.2%€685k▲ 4.0%€688k▲ 0.4%€685k▼ 0.5%€655k▼ 4.3%
Debt€257k▲ 28.9%€265k▲ 3.2%€211k▼ 20.4%€178k▼ 15.7%€113k▼ 36.3%
Working capital€326k▲ 27.7%€293k▼ 10.1%€353k▲ 20.6%€396k▲ 12.0%€446k▲ 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 €655k
Fixed assets
€112k ▼ 20.7%
Current assets
€544k ▼ 0.1%
Equity and liabilities €655k
Equity
€542k ▲ 6.9%
Debt
€113k ▼ 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
€145k▲
2024 · €137k
Cash flow
€118k▲
2024 · €113k
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
€98k▼
2024 · €148k
Debt > 1 year
€15k▼
2024 · €30k
Income taxes
€24k▲
2024 · €20k
Staff costs
€55k▼
2024 · €61k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €43k | €46k | €60k | €61k | €55k | ▼ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €31k | €34k | €40k | €40k | ▲ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €18k | €17k | €-9k | €0 | - | - |
| Other operating charges640/8 | €5k | €8k | €6k | €6k | €7k | ▲ 13.5% |
| Gross operating margin9900 | €237k | €171k | €165k | €203k | €207k | ▲ 1.7% |
| Operating profit (loss)9901 | €147k | €69k | €75k | €97k | €105k | ▲ 8.6% |
| Financial income75/76B | €3k | €802 | €223 | €40 | €8 | ▼ 79.1% |
| Recurring financial income75 | €3k | €802 | €223 | €40 | €8 | ▼ 79.1% |
| Financial charges65/66B | €5k | €3k | €3k | €5k | €3k | ▼ 25.3% |
| Recurring financial charges65 | €5k | €3k | €3k | €5k | €3k | ▼ 25.3% |
| Profit (loss) for the period before taxes9903 | €145k | €67k | €73k | €92k | €102k | ▲ 10.2% |
| Income taxes67/77 | €29k | €16k | €16k | €20k | €24k | ▲ 21.6% |
| Profit (loss) for the period9904 | €116k | €51k | €57k | €73k | €78k | ▲ 7.2% |
| Profit (loss) for the period to be appropriated9905 | €116k | €51k | €57k | €73k | €78k | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €659k | €685k | €688k | €685k | €655k | ▼ 4.3% |
| Fixed assets21/28 | €142k | €171k | €175k | €141k | €112k | ▼ 20.7% |
| Intangible fixed assets21 | €2k | €1k | €457 | €0 | - | - |
| Tangible fixed assets22/27 | €137k | €167k | €172k | €138k | €109k | ▼ 21.0% |
| Land and buildings22 | €62k | €57k | €53k | €51k | €46k | ▼ 9.0% |
| Plant, machinery and equipment23 | €6k | €5k | €6k | €8k | €12k | ▲ 55.6% |
| Furniture and vehicles24 | €70k | €105k | €113k | €79k | €50k | ▼ 36.5% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €517k | €514k | €513k | €544k | €544k | ▼ 0.1% |
| Stocks and contracts in progress3 | €73k | €102k | €130k | €165k | €196k | ▲ 18.6% |
| Stocks30/36 | €73k | €102k | €130k | €165k | €196k | ▲ 18.6% |
| Amounts receivable within one year40/41 | €184k | €178k | €193k | €206k | €154k | ▼ 25.2% |
| Trade receivables40 | €183k | €178k | €193k | €195k | €137k | ▼ 29.7% |
| Other amounts receivable41 | €1k | - | €141 | €10k | €17k | ▲ 59.5% |
| Cash at bank and in hand54/58 | €256k | €230k | €186k | €166k | €183k | ▲ 9.9% |
| Deferred charges and accrued income490/1 | €4k | €5k | €4k | €7k | €11k | ▲ 59.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €659k | €685k | €688k | €685k | €655k | ▼ 4.3% |
| Equity10/15 | €402k | €420k | €477k | €507k | €542k | ▲ 6.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €383k | €402k | €402k | €402k | €412k | ▲ 2.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | €382k | €400k | €400k | €400k | €410k | ▲ 2.5% |
| Profit (loss) carried forward14 | - | - | €57k | €87k | €112k | ▲ 28.8% |
| Amounts payable17/49 | €257k | €265k | €211k | €178k | €113k | ▼ 36.3% |
| Amounts payable after more than one year17 | €66k | €44k | €51k | €30k | €15k | ▼ 47.9% |
| Financial debts170/4 | €66k | €44k | €51k | €30k | €15k | ▼ 47.9% |
| Amounts payable within one year42/48 | €191k | €221k | €160k | €148k | €98k | ▼ 33.9% |
| Current portion of amounts payable after more than one year42 | €22k | €23k | €30k | €23k | €14k | ▼ 37.0% |
| Trade debts44 | €93k | €53k | €67k | €64k | €35k | ▼ 45.2% |
| Suppliers440/4 | €93k | €53k | €67k | €64k | €35k | ▼ 45.2% |
| Taxes, remuneration and social security45 | €42k | €59k | €24k | €32k | €21k | ▼ 34.1% |
| Taxes450/3 | €38k | €54k | €16k | €25k | €18k | ▼ 30.0% |
| Remuneration and social security454/9 | €5k | €5k | €8k | €6k | €3k | ▼ 50.3% |
| Other amounts payable47/48 | €34k | €87k | €39k | €30k | €28k | ▼ 7.5% |
| Accrued charges and deferred income492/3 | - | - | - | €1 | €5 | ▲ 420% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116k | €51k | €57k | €73k | €78k | ▲ 7.2% |
| + Depreciation and write-downs630 | €23k | €31k | €34k | €40k | €40k | ▲ 0.4% |
| Operating cash flow (approximation) | €139k | €82k | €91k | €113k | €118k | ▲ 4.8% |
| Investment in fixed assets (approximation) | - | €-60k | €-38k | €-6k | €-11k | ▼ 90.0% |
| Change in cash | - | €-27k | €-44k | €-20k | €16k | ▲ 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 €500kEq €507k ▲6.2%
7 profitable years in a row build equity to €507k.
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 €116k ▲151%
Operating result €147k, net result €116k, 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.
Similar companies · same sector, comparable size
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M.D.M.
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HEGOTEX
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Of 687 companies in sector 46412 we hold annual accounts for 517. 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
Scores and ratios are computed by Checked and are not a credit decision.