WAIO
InactiveWAIO was declared bankrupt on 09-02-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 05-06-2025, published in the Belgian State Gazette on 24-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-09-2023, 32 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
32 d late
2021
2 d early
2020
18 d late
2019
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€773k▼ 13.7%
2021 · €895k
2019: €10k
2020: €1.05M
2021: €895k
2019 → 2022
Total assets
€1.65M▲ 14.4%
2021 · €1.44M
2019: €404k
2020: €1.58M
2021: €1.44M
2019 → 2022
Net result
€-121k▲ 21.4%
2021 · €-154k
2019: €-102k
2020: €-358k
2021: €-154k
2019 → 2022
Working capital
€171k
2021 · €-148k
2019: €335k
2020: €526k
2021: €-148k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€10k-€1.05M▲ 10,128%€895k▼ 14.8%€773k▼ 13.7%
Operating result€-102k-€-325k▼ 220%€-145k▲ 55.4%€-110k▲ 23.9%
Net result€-102k-€-358k▼ 253%€-154k▲ 57.2%€-121k▲ 21.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €110k in 2022 against €145k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.65M
Fixed assets
€1.39M▼ 1.0%
Current assets
€260k▲ 590%
Equity and liabilities €1.65M
Equity
€773k▼ 13.7%
Debt
€875k▲ 60.5%
The debt ratio rises from 37.9% to 53.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-96k▲
2021 · €-131k
Cash flow
€-107k▲
2021 · €-139k
Solvency
46.9%▼
2021 · 62.1%
Current ratio
2.91▲
2021 · 0.20
Quick ratio
2.91▲
2021 · 0.20
Debt / equity
1.13▲
2021 · 0.61
ROE
-15.6%▲
2021 · -17.2%
ROA
-7.3%▲
2021 · -10.7%
Interest coverage
-7.61▲
2021 · -9.55
Debt
€875k▲
2021 · €545k
Debt ≤ 1 year
€89k▼
2021 · €186k
Debt > 1 year
€786k▲
2021 · €360k
Staff costs
€65k▼
2021 · €100k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€1.44M€1.65M▲
Fixed assets21/28€1.40M€1.39M▼
Intangible fixed assets21€36k€23k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€1.36M€1.36M=
Current assets29/58€38k€260k▲
Amounts receivable after more than one year29-€175k
Other amounts receivable291-€175k
Amounts receivable within one year40/41€10k-
Trade receivables40€10k-
Cash at bank and in hand54/58€27k€84k▲
Deferred charges and accrued income490/1-€539
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.65M▲
Equity10/15€895k€773k▼
Contributions10/11€1.51M€1.51M=
Capital10€1.49M€1.49M=
Issued capital100€1.49M€1.49M=
Outside capital11€17k€17k=
Share premium1100/10€17k€17k=
Profit (loss) carried forward14€-613k€-734k▼
Investment grants15€3k€1k▼
Amounts payable17/49€545k€875k▲
Amounts payable after more than one year17€360k€786k▲
Financial debts170/4€360k€786k▲
Amounts payable within one year42/48€186k€89k▼
Current portion of amounts payable after more than one year42€72k€74k▲
Trade debts44€6k€157▼
Suppliers440/4€6k€157▼
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€25k€15k▼
Taxes450/3€6k€9k▲
Remuneration and social security454/9€19k€6k▼
Other amounts payable47/48€75k€417▼
Income statement
Code20212022
Remuneration, social security and pensions62€100k€65k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€348€1k▲
Gross operating margin9900€-30k€-30k▲
Operating profit (loss)9901€-145k€-110k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€-154k€-121k▲
Profit (loss) for the period9904€-154k€-121k▲
Profit (loss) for the period to be appropriated9905€-154k€-121k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-613k€-734k▼
Profit (loss) brought forward from the previous period14P€-460k€-613k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · SA WAIO AVENUE LOUIS VERCAUTEREN 24, 1160 AUDERGHEM. déclarée le 9 février 2024 · event 05-06-2025
29-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SA WAIO AVENUE LOUIS VERCAU- TEREN 24, 1160 AUDERGHEM · event 09-02-2024
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Liquidity times 14current ratio 2.91
Current ratio from 0.20 to 2.91; short-term debt falls from €186k to €89k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet €-358k
Net result drops to €-358k, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.05M ▲10128%
Equity rises from €10k to €1.05M.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY KELDER PLACE GUY D’AREZZO 18, 1180 UCCLE- |
09-02-2024 → present |