WAFADAR
ActiveSummary
WAFADAR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €163,601 and a net result of €104,092. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+27
Solvency77▲+42
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.05 in 2023; short-term debt: 48.3% and cash: 6.9% of total assets), and 48.3% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
117 d late
2022
141 d late
2021
117 d late
2020
188 d late
2019
126 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 129 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.3m▲ 57.5%
2023 · €833,399
EBIT margin
8.0%▲ 4.8pp
2023 · 3.2%
Net result
€104,092▲ 5,496%
2023 · €1,860
Working capital
€146,494▲ 688%
2023 · €18,585
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€608,284▲ 159%€1.1m▲ 76.1%€941,200▼ 12.1%€833,399▼ 11.5%€1.3m▲ 57.5%
Operating result€9,554▲ 7.5%€81,941▲ 758%-€116,148€26,506€105,347▲ 297%
Net result€8,584within the sector's middle half=€76,908within the sector's middle half▲ 796%-€152,220below the sector's middle half€1,860within the sector's middle half€104,092above the sector's middle half▲ 5,496%
EBIT margin1.6%▼ 2.2pp7.6%▲ 6.1pp-12.3%▼ 20.0pp3.2%▲ 15.5pp8.0%▲ 4.8pp
Equity€36,461within the sector's middle half▲ 136%€190,869within the sector's middle half▲ 423%€38,648below the sector's middle half▼ 79.8%€40,508below the sector's middle half▲ 4.8%€163,601within the sector's middle half▲ 304%
Total assets€242,943within the sector's middle half▲ 88.0%€411,306below the sector's middle half▲ 69.3%€366,769below the sector's middle half▼ 10.8%€417,150below the sector's middle half▲ 13.7%€316,214within the sector's middle half▼ 24.2%
Debt€206,483▲ 81.6%€220,438▲ 6.8%€328,121▲ 48.8%€376,642▲ 14.8%€152,613▼ 59.5%
Working capital€15,236within the sector's middle half€60,156within the sector's middle half▲ 295%-€18,277below the sector's middle half€18,585below the sector's middle half€146,494above the sector's middle half▲ 688%
Solvency15.0%within the sector's middle half▲ 3.0pp46.4%within the sector's middle half▲ 31.4pp10.5%below the sector's middle half▼ 35.9pp9.7%below the sector's middle half▼ 0.8pp51.7%within the sector's middle half▲ 42.0pp
Current ratio1.07within the sector's middle half▲ 0.101.27within the sector's middle half▲ 0.200.94below the sector's middle half▼ 0.331.05below the sector's middle half▲ 0.111.96within the sector's middle half▲ 0.91
Return on assets (ROA)3.5%within the sector's middle half▼ 3.1pp18.7%above the sector's middle half▲ 15.2pp-41.5%below the sector's middle half▼ 60.2pp0.4%within the sector's middle half▲ 41.9pp32.9%above the sector's middle half▲ 32.5pp
Staff (FTE)3within the sector's middle half3within the sector's middle half=3within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Turnover +58%, Net result +5,496% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
- 2021 Turnover +76% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
- 2020 Turnover +159% on 2019. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 297% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €316,214
Fixed assets
€17,107 ▼ 22.0%
Current assets
€299,107 ▼ 24.3%
Equity and liabilities €316,214
Equity
€163,601 ▲ 304%
Debt
€152,613 ▼ 59.5%
Debt's share of the balance-sheet total falls from 90.3% to 48.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€110,564▲
2023 · €32,122
Cash flow
€109,309▲
2023 · €7,477
Quick ratio
1.05▲
2023 · 0.34
Debt to equity
0.93▼
2023 · 9.30
ROE
63.6%▲
2023 · 4.6%
Interest coverage
88.07▲
2023 · 18.40
Debt ≤ 1 year
€152,613▼
2023 · €376,642
Staff costs
€177,796▲
2023 · €144,612
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €608,284 | €1.1m | €941,200 | €833,399 | €1.3m | ▲ 57.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €905,464 | €947,338 | €670,451 | €1.1m | ▲ 57.8% |
| Remuneration, social security and pensions62 | - | €57,634 | €104,603 | €144,612 | €177,796 | ▲ 22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,508 | €10,508 | €4,867 | €5,617 | €5,217 | ▼ 7.1% |
| Other operating charges640/8 | - | €15,644 | €2,650 | €3,488 | €1,138 | ▼ 67.4% |
| Gross operating margin9900 | €42,733 | €165,727 | -€4,028 | €180,223 | €289,498 | ▲ 60.6% |
| Operating profit (loss)9901 | €9,554 | €81,941 | -€116,148 | €26,506 | €105,347 | ▲ 297% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Financial charges65/66B | - | €1,890 | €1,685 | €1,745 | €1,255 | ▼ 28.1% |
| Recurring financial charges65 | €970 | €1,890 | €1,685 | €1,745 | €1,255 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €8,584 | €80,051 | -€117,834 | €24,760 | €104,092 | ▲ 320% |
| Income taxes67/77 | - | €3,143 | €34,387 | €22,900 | - | - |
| Profit (loss) for the period9904 | €8,584 | €76,908 | -€152,220 | €1,860 | €104,092 | ▲ 5,496% |
| Profit (loss) for the period to be appropriated9905 | €8,584 | €76,908 | -€152,220 | €1,860 | €104,092 | ▲ 5,496% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,943 | €411,306 | €366,769 | €417,150 | €316,214 | ▼ 24.2% |
| Fixed assets21/28 | €21,224 | €130,713 | €56,926 | €21,923 | €17,107 | ▼ 22.0% |
| Tangible fixed assets22/27 | €14,174 | €3,667 | €14,450 | €8,833 | €4,017 | ▼ 54.5% |
| Plant, machinery and equipment23 | - | - | €2,400 | €1,200 | - | - |
| Furniture and vehicles24 | - | €3,667 | €12,050 | €7,633 | €4,017 | ▼ 47.4% |
| Financial fixed assets28 | €7,050 | €127,046 | €42,476 | €13,090 | €13,090 | = |
| Current assets29/58 | €221,719 | €280,594 | €309,843 | €395,227 | €299,107 | ▼ 24.3% |
| Stocks and contracts in progress3 | €62,476 | €38,122 | €110,501 | €265,485 | €138,575 | ▼ 47.8% |
| Stocks30/36 | - | €38,122 | €110,501 | €265,485 | €138,575 | ▼ 47.8% |
| Amounts receivable within one year40/41 | €135,481 | €156,539 | €138,300 | €116,653 | €138,683 | ▲ 18.9% |
| Trade receivables40 | - | €35,417 | €45,355 | €1,132 | €1,489 | ▲ 31.5% |
| Other amounts receivable41 | - | €121,121 | €92,946 | €115,520 | €137,195 | ▲ 18.8% |
| Cash at bank and in hand54/58 | €13,762 | €85,933 | €61,042 | €13,089 | €21,848 | ▲ 66.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,943 | €411,306 | €366,769 | €417,150 | €316,214 | ▼ 24.2% |
| Equity10/15 | €36,461 | €190,869 | €38,648 | €40,508 | €163,601 | ▲ 304% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €37,600 | ▲ 102% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €16,001 | €170,409 | €18,188 | €20,048 | €124,141 | ▲ 519% |
| Amounts payable17/49 | €206,483 | €220,438 | €328,121 | €376,642 | €152,613 | ▼ 59.5% |
| Amounts payable within one year42/48 | €206,483 | €220,438 | €328,121 | €376,642 | €152,613 | ▼ 59.5% |
| Trade debts44 | €160,751 | €178,303 | €289,120 | €320,975 | €146,436 | ▼ 54.4% |
| Suppliers440/4 | - | €178,303 | €289,120 | €320,975 | €146,436 | ▼ 54.4% |
| Taxes, remuneration and social security45 | - | €42,135 | €39,001 | €31,167 | €6,177 | ▼ 80.2% |
| Taxes450/3 | - | - | €397 | - | - | - |
| Remuneration and social security454/9 | - | €42,135 | €38,604 | €31,167 | €6,177 | ▼ 80.2% |
| Other amounts payable47/48 | - | - | - | €24,500 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,584 | €76,908 | -€152,220 | €1,860 | €104,092 | ▲ 5,496% |
| + Depreciation and write-downs630 | €10,508 | €10,508 | €4,867 | €5,617 | €5,217 | ▼ 7.1% |
| Operating cash flow (approximation) | €19,092 | €87,416 | -€147,354 | €7,477 | €109,309 | ▲ 1,362% |
| Investment in fixed assets (approximation) | - | -€119,996 | €68,921 | €29,386 | -€400 | ▼ 101% |
| Change in cash | - | €72,171 | -€24,891 | -€47,953 | €8,759 | ▲ 118% |
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
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 82 days late
2024
31-12
Financial
Highest result since 2018net €104,092 ▲5,496%
Operating result €105,347, net result €104,092, both a record.
31-12
Financial
Equity above €150,000Eq €163,601 ▲304%
2 profitable years in a row build equity to €163,601.
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 117 days late
2023
31-12
Financial
Back to profitnet €1,860
Net result €1,860 after one loss-making year.
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 141 days late
2022
31-12
Financial
Weakest financial yearnet -€152,220
Net result drops to -€152,220, the lowest in the series; recovery starts the following year.
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 117 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 188 days late
2021
31-12
Financial
Equity above €150,000Eq €190,869 ▲423%
4 profitable years in a row build equity to €190,869.
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 126 days late
2019
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 34 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Tienen · 1 establishment unit since 2015
Ground area
2,859 m²
Building footprint
1,122 m²
Volume, LiDAR
7,607 m³
Parcel 24592F0002/00W000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
WAFADAR
since 20152.244.565.350
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24592F0002/00W000 | Flanders | 2,859 m² | 1 · 1,122 m² | 8.7 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 siteTienen2.244.565.350
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Of 1,424 companies in sector 46389 we hold annual accounts for 856. 591 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
Founded21-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47252Retail sale of beverages, general range
46392Non-specialised wholesale
47110Non-specialised retail sale with food, beverages or tobacco predominating
47260Retail trade
47551Retail sale of household furniture
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635699495
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.