WAEL CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of WAEL CONSTRUCT is 2.4% (moderate). The 2024 annual accounts show equity of €5,602 and a net result of €29,617. Equity is shrinking by ~7.3% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 304 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
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Peer companies
Historical observationOf the 1,324 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,324 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €363 | €2,724 | €2,361 | €2,361 | €2,361 | = |
| Other operating charges640/8 | - | €1,008 | €995 | €540 | €222 | ▼ 58.8% |
| Gross operating margin9900 | €9,198 | €10,463 | -€1,016 | -€9,995 | €32,257 | ▲ 423% |
| Operating profit (loss)9901 | €8,835 | €6,731 | -€4,372 | -€12,896 | €29,674 | ▲ 330% |
| Financial income75/76B | - | - | €100 | - | €7 | - |
| Recurring financial income75 | - | - | €100 | - | €7 | - |
| Financial charges65/66B | €150 | €378 | €249 | €84 | €64 | ▼ 24.3% |
| Recurring financial charges65 | €150 | €378 | €249 | €84 | €64 | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €8,685 | €6,353 | -€4,521 | -€12,980 | €29,617 | ▲ 328% |
| Income taxes67/77 | €8,842 | - | €1,701 | - | - | - |
| Profit (loss) for the period9904 | -€157 | €6,353 | -€6,222 | -€12,980 | €29,617 | ▲ 328% |
| Profit (loss) for the period to be appropriated9905 | -€157 | €6,353 | -€6,222 | -€12,980 | €29,617 | ▲ 328% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,404 | €65,580 | €55,375 | €55,573 | €69,946 | ▲ 25.9% |
| Fixed assets21/28 | €363 | €7,082 | €4,721 | €2,361 | - | - |
| Tangible fixed assets22/27 | €363 | €7,082 | €4,721 | €2,361 | - | - |
| Furniture and vehicles24 | €363 | €7,082 | €4,721 | €2,361 | - | - |
| Current assets29/58 | €34,041 | €58,498 | €50,653 | €53,213 | €69,946 | ▲ 31.4% |
| Stocks and contracts in progress3 | €791 | €1,039 | €1,728 | €1,728 | €471 | ▼ 72.7% |
| Stocks30/36 | €791 | €1,039 | €1,728 | €1,728 | €471 | ▼ 72.7% |
| Amounts receivable within one year40/41 | €32,773 | €54,520 | €48,098 | €51,210 | €61,196 | ▲ 19.5% |
| Trade receivables40 | €3,050 | €24,546 | €8,330 | €9,830 | €13,609 | ▲ 38.4% |
| Other amounts receivable41 | €29,723 | €29,975 | €39,768 | €41,380 | €47,587 | ▲ 15.0% |
| Cash at bank and in hand54/58 | €248 | €2,939 | €827 | €275 | €8,060 | ▲ 2,831% |
| Deferred charges and accrued income490/1 | €230 | - | - | - | €219 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,404 | €65,580 | €55,375 | €55,573 | €69,946 | ▲ 25.9% |
| Equity10/15 | €6,833 | €7,186 | €965 | -€12,015 | €5,602 | ▲ 147% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Other1109/19 | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Reserves13 | €620 | €720 | €720 | €720 | €720 | = |
| Non-distributable reserves130/1 | €620 | €720 | €720 | €720 | €720 | = |
| Legal reserve130 | €620 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €720 | €720 | €720 | €720 | = |
| Profit (loss) carried forward14 | €13 | €266 | -€5,955 | -€18,935 | -€1,319 | ▲ 93.0% |
| Amounts payable17/49 | €27,571 | €58,394 | €54,410 | €67,589 | €64,344 | ▼ 4.8% |
| Amounts payable within one year42/48 | €27,571 | €58,394 | €54,410 | €67,589 | €64,344 | ▼ 4.8% |
| Trade debts44 | €12,632 | €22,450 | €11,409 | €27,770 | €19,056 | ▼ 31.4% |
| Suppliers440/4 | €12,632 | €22,450 | €11,409 | €27,770 | €19,056 | ▼ 31.4% |
| Advances received on contracts in progress46 | €10,000 | €21,000 | €28,087 | €28,087 | €28,087 | = |
| Taxes, remuneration and social security45 | €4,939 | €5,368 | €5,368 | €5,166 | €4,998 | ▼ 3.3% |
| Taxes450/3 | €4,939 | €5,368 | €5,368 | €5,166 | €4,998 | ▼ 3.3% |
| Other amounts payable47/48 | - | €9,576 | €9,546 | €6,566 | €12,204 | ▲ 85.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€157 | €6,353 | -€6,222 | -€12,980 | €29,617 | ▲ 328% |
| + Depreciation and write-downs630 | €363 | €2,724 | €2,361 | €2,361 | €2,361 | = |
| Operating cash flow (approximation) | €206 | €9,077 | -€3,861 | -€10,619 | €31,978 | ▲ 401% |
| Investment in fixed assets (approximation) | - | -€9,443 | €0 | €0 | - | - |
| Change in cash | - | €2,690 | -€2,111 | -€552 | €7,785 | ▲ 1,509% |
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
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0090/00X003 | Brussels | 478 m² | 1 · 212 m² | 13.1 m · 1 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.