Equity
€837,478 ▲ 8.6%
WAFFLE FACTORY DEVELOPMENT paid out €13,442 in dividends. That is 13% of the 2025 profit.
WAFFLE FACTORY DEVELOPMENT
Lifetime
13 annual accounts with figures on one time axispeak €1.3m (2022)
-not published
lowest -€38,472 (2020)
€102,009▲ 54.0%
peak €837,478 (2025)
€837,478▲ 8.6%
€1.3m▲ 5.8%
peak 17.6 FTE (2025)
17.6 FTE▲ 2.9%
Board5 names since 2021
2 directorsDESOMA and 1 other
Owners8 names in the annual accountsall names
52.83%Stéphane Desobry and 5 others
Documentsfilings and deeds
19-06-202642 days before the deadline
2025financial year
Result from €66,249 to €102,009Dividend €13,442Investments €301,260Cash from €314,301 to €144,562
Key points
from the 2025 annual accountsStaff
17 employees on 31-12-2025
In 2025, 11 people joined and 10 left.
Filings
13 annual accounts since 2013
Three of the last ten came late. The 2019 accounts came latest: 39 days after the end of the period.
Subsidiaries
-€516,978
Subsidiary with negative equity. SARL GAUFRE ET COMPAGNIE · loss of €100,102 in 2025.
Group
3 companies controlled
Heads a group. Known shareholders 80%.
Position in the sector
17.6 FTE
More staff than 80% of companies in head offices and management consultancy. Sector median 3.4 FTE · 1,751 companies.
Checked score
87
Excellent
Financially stronger than 49% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Size: turnover €2.6m, 17.6 FTE, total assets €2.6m
Liquidity: current ratio 1.72, cash €144,562, halved
lowers risk
Figures for financial year 2025 (filed on 19-06-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 32% of them on solvency, 60% on liquidity, 53% on profitability and 50% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.72 (1.65 in 2024), above the usual 1.5. Short-term debt is 17.9% and cash 5.5% of total assets. However, 68% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
27 days early
2023
9 days early
2022
24 days late
2021
26 days late
2020
8 days early
2019
39 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (5 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Stéphane Desobry 52.83%annual accounts 2025
- Guillaume Desobry 10.67%annual accounts 2025
- Marie-Charlotte Devolder 8.33%annual accounts 2025
Shares in 4 companies, including GEGA GAUFRE and SARL GAUFRE ET COMPAGNIE
Board & ownershipRecent changes
Reappointment: AVISOR SRL (statutory auditor)
Permanent representative: Bernard VANDENBORRE · General meeting of 09-06-2026 · Gazette deed
Permanent representatives: DESOBRY Stéphane Henri Léon and DESOBRY Guillaume François André
Cancellation of 120 shares · DESOBRY Stéphane Henri Léon is a shareholder · The company holds 120 shares of WAFFLE FACTORY DEVELOPMENT · General meeting of 19-12-2025 · Gazette deed
Appointment: DOZ SRL (managing director)
Permanent representative: Guillaume Desobry · Board meeting of 12-06-2024 · Gazette deed
Reappointment: AVISOR (statutory auditor)
Permanent representative: Bernard Vandenborre · General meeting of 20-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WAFFLE FACTORY DEVELOPMENT Tournai | €2.6m | 8.4% | 32.0% | 17.6 |
| FERN VALLEY Kontich | €3.5m | 6.4% | 67.7% | 24.1 |
| JETPACK Etterbeek | €2.9m | -0.8% | 11.6% | 23.8 |
| PROVIDIT Kontich | €5.5m | 22.0% | 51.6% | 14.7 |
| IMERYS BELGIUM Visé | €5.2m | 4.8% | 51.9% | 11.4 |
| INTERACTIVE ADVERTISING BUREAU EUROPE Brussels | €4.3m | 5.5% | 71.8% | 11 |
| INITIO MANAGEMENT CONSULTING Schaerbeek | €1.4m | 15.8% | 16.2% | 9.8 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as WAFFLE FACTORY DEVELOPMENT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.9m and €3.1m, founded between 2009 and 2017.
Official details
Source: KBO- Status
- Active since 23-04-2013Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.220.738.6857522 Tournai, since 23-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €2.6m▲ 5.8%
- Employeeson 31-12-2025
- 17▲ 6.3%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Companies linked to WAFFLE FACTORY DEVELOPMENT
Subsidiaries and holdings
- BELGAUFRE24.13%
Insights on WAFFLE FACTORY DEVELOPMENT
WAFFLE FACTORY DEVELOPMENT has existed since 2013. In 2014 the gross margin rose from €18,543 to €189,017 and staff from 0.5 to 4.7 full-time equivalents.
In August 2024, the Official Gazette published the appointment of DOZ as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WAFFLE FACTORY DEVELOPMENT
- What is the company number of WAFFLE FACTORY DEVELOPMENT?
- The company number of WAFFLE FACTORY DEVELOPMENT is 0527.918.243. The VAT number is the same number with BE in front: BE 0527.918.243.
- Where is WAFFLE FACTORY DEVELOPMENT based?
- The registered office is at Rue des Digitales 2, 7522 Tournai.Company details
- What does WAFFLE FACTORY DEVELOPMENT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of WAFFLE FACTORY DEVELOPMENT?
- WAFFLE FACTORY DEVELOPMENT is a private limited company (BV).
- When was WAFFLE FACTORY DEVELOPMENT founded?
- WAFFLE FACTORY DEVELOPMENT was founded on 23-04-2013.
- Is WAFFLE FACTORY DEVELOPMENT still active?
- Yes, WAFFLE FACTORY DEVELOPMENT is an active enterprise in the KBO register.
- How many employees does WAFFLE FACTORY DEVELOPMENT have?
- WAFFLE FACTORY DEVELOPMENT had an average of 17.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WAFFLE FACTORY DEVELOPMENT fall under?
- In its 2025 annual accounts, WAFFLE FACTORY DEVELOPMENT states joint committees 200 (Auxiliary committee for white-collar workers) and 302 (Hotels and catering).
- What is the turnover of WAFFLE FACTORY DEVELOPMENT?
- The turnover of WAFFLE FACTORY DEVELOPMENT was €2.6m in financial year 2025, according to the filed annual accounts.
- Is WAFFLE FACTORY DEVELOPMENT profitable?
- In financial year 2025, WAFFLE FACTORY DEVELOPMENT made a profit of €102,009.
- Where can I find the annual accounts of WAFFLE FACTORY DEVELOPMENT?
- WAFFLE FACTORY DEVELOPMENT filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WAFFLE FACTORY DEVELOPMENT due?
- WAFFLE FACTORY DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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