WAFFLE TIME
ActiveSummary
The computed 12-month bankruptcy probability of WAFFLE TIME is 3.8% (moderate). The 2024 annual accounts show equity of €66k and a net result of €32k. Equity is growing by ~95.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 18941 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+27
Solvency97▼-3
Growth85=
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.16 against 17.62 in 2023; short-term debt: 28.3% and cash: 1.5% of total assets), and 28.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
140 d late
2023
524 d late
2022
890 d late
2021
1055 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€287k▲ 20.8%
2022 · €238k
2022: €238k
2022 → 2023
EBIT margin
6.0%▼ 4.7pp
2022 · 10.7%
2022: 10.7%
2022 → 2023
Net result
€32k▲ 87.3%
2023 · €17k
2021: €-11k
2022: €25k
2023: €17k
2021 → 2024
Working capital
€30k▼ 7.2%
2023 · €32k
2021: €-11k
2022: €14k
2023: €32k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€238k€287k▲ 20.8%
Equity€-8k-€17k€34k▲ 102%€66k▲ 91.4%
Operating result€-11k-€25k€17k▼ 32.0%€37k▲ 111%
Net result€-11k-€25k€17k▼ 32.0%€32k▲ 87.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 111% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91k
Fixed assets
€36k ▲ 1,806%
Current assets
€56k ▲ 62.8%
Equity and liabilities €91k
Equity
€66k ▲ 91.4%
Debt
€26k ▲ 1,226%
Debt's share of the balance-sheet total rises from 5.4% to 28.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.16▼
2023 · 17.62
Debt to equity
0.39▲
2023 · 0.06
ROE
49.4%▼
2023 · 50.5%
ROA
35.4%▼
2023 · 47.7%
Debt ≤ 1 year
€26k▲
2023 · €2k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet
Code20232024
Assets
Total assets20/58€36k€91k▲
Fixed assets21/28€2k€36k▲
Tangible fixed assets22/27€2k€36k▲
Plant, machinery and equipment23€2k€541▼
Other tangible fixed assets26-€35k
Current assets29/58€34k€56k▲
Amounts receivable within one year40/41-€8k
Other amounts receivable41-€8k
Cash at bank and in hand54/58€34k€1k▼
Deferred charges and accrued income490/1-€47k
Equity and liabilities
Total equity and liabilities10/49€36k€91k▲
Equity10/15€34k€66k▲
Contributions10/11€3k€2k▼
Profit (loss) carried forward14€32k€64k▲
Amounts payable17/49€2k€26k▲
Amounts payable within one year42/48€2k€26k▲
Trade debts44€634€24k▲
Suppliers440/4€634€24k▲
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Income statement
Code20232024
Turnover70€287k-
Goods, raw materials, services and sundry goods60/61€269k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€747-
Other operating charges640/8€93€2k▲
Gross operating margin9900€18k€38k▲
Operating profit (loss)9901€17k€37k▲
Profit (loss) for the period before taxes9903€17k€37k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€17k€32k▲
Profit (loss) for the period to be appropriated9905€17k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€64k▲
Profit (loss) brought forward from the previous period14P€14k€32k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 524 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 890 days late
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1055 days late
2024
31-12
Financial
Highest result since 2021net €32k ▲87.3%
Operating result €37k, net result €32k, both a record.
2022
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-12
Financial
Liquidity times 116current ratio 9.21
Current ratio from 0.08 to 9.21; short-term debt falls from €12k to €2k.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Maasmechelen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koudenbergstraat(E) 2a3630 MaasmechelenGround area
548 m²
Building footprint
373 m²
Volume, LiDAR
850 m³
Parcel 73013D1757/00B000, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WAFFLE TIME
since 20212.314.995.763
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013D1757/00B000 | Flanders | 548 m² | 1 · 373 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteMaasmechelen2.314.995.763
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,211 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
33120Repair and maintenance of machinery
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.