WAL-CO
ActiveWAL-CO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €-4k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 18207 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▲+9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 46.46 against 4.34 in 2024; short-term debt: 2.1% and cash: 29.8% of total assets), and 2.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.9%
Return on assets
-7.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 10 filingsDeviation from the deadline
2025
7 d late
2024
26 d late
2023
25 d late
2022
62 d early
2021
30 d late
2020
16 d late
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▼ 7.3%
2024 · €50k
2018: €29k
2019: €26k
2020: €33k
2021: €32k
2022: €35k
2023: €66k
2024: €50k
2018 → 2025
Total assets
€47k▼ 26.6%
2024 · €64k
2018: €89k
2019: €62k
2020: €60k
2021: €55k
2022: €58k
2023: €81k
2024: €64k
2018 → 2025
Net result
€-4k▲ 77.9%
2024 · €-16k
2018: €5k
2019: €-2k
2020: €7k
2021: €-1k
2022: €3k
2023: €31k
2024: €-16k
2018 → 2025
Working capital
€44k▼ 7.7%
2024 · €48k
2018: €13k
2019: €19k
2020: €27k
2021: €28k
2022: €30k
2023: €62k
2024: €48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€35k▲ 9.4%€66k▲ 89.1%€50k▼ 24.9%€46k▼ 7.3%
Operating result€2k-€8k▲ 235%€48k▲ 528%€-11k€-3k▲ 70.5%
Net result€-1k-€3k€31k▲ 935%€-16k€-4k▲ 77.9%
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 €3k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€2k▲ 2.5%
Current assets
€45k▼ 27.4%
Equity and liabilities €47k
Equity
€46k▼ 7.3%
Debt
€970▼ 93.2%
The debt ratio falls from 22.4% to 2.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-9k
Cash flow
€-2k▲
2024 · €-14k
Solvency
97.9%▲
2024 · 77.6%
Current ratio
46.46▲
2024 · 4.34
Quick ratio
46.46▲
2024 · 4.34
Debt / equity
0.02▼
2024 · 0.29
ROE
-7.9%▲
2024 · -33.1%
ROA
-7.7%▲
2024 · -25.7%
Interest coverage
-14.57▼
2024 · -1.65
Debt
€970▼
2024 · €14k
Debt ≤ 1 year
€970▼
2024 · €14k
Income taxes
€270▲
2024 · €264
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€64k€47k▼
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23€774€548▼
Furniture and vehicles24€963€1k▲
Current assets29/58€62k€45k▼
Amounts receivable within one year40/41€23k€30k▲
Trade receivables40€838€300▼
Other amounts receivable41€22k€30k▲
Cash at bank and in hand54/58€39k€14k▼
Deferred charges and accrued income490/1€174€690▲
Equity and liabilities
Total equity and liabilities10/49€64k€47k▼
Equity10/15€50k€46k▼
Contributions10/11€19k€19k=
Reserves13€47k€32k▼
Non-distributable reserves130/1€495€495=
Reserves not available under the articles1311€495€495=
Tax-exempt reserves132€57€57=
Distributable reserves133€47k€31k▼
Profit (loss) carried forward14€-16k€-4k▲
Amounts payable17/49€14k€970▼
Amounts payable within one year42/48€14k€970▼
Trade debts44€999€436▼
Suppliers440/4€999€436▼
Taxes, remuneration and social security45€13k€534▼
Taxes450/3€13k€534▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€974€1k▲
Gross operating margin9900€-8k€-915▲
Operating profit (loss)9901€-11k€-3k▲
Financial charges65/66B€5k€139▼
Recurring financial charges65€5k€139▼
Profit (loss) for the period before taxes9903€-16k€-3k▲
Income taxes67/77€264€270▲
Profit (loss) for the period9904€-16k€-4k▲
Profit (loss) for the period to be appropriated9905€-16k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-20k▼
Profit (loss) brought forward from the previous period14P-€-16k
Transfer from equity791/2-€16k
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
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Liquidity times 11current ratio 46.46
Current ratio from 4.34 to 46.46; short-term debt falls from €14k to €970.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-16k ▼153%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Highest result since 2018net €31k ▲935%
Operating result €48k, net result €31k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.08
Current ratio from 2.31 to 5.08; short-term debt falls from €23k to €15k.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zonhoven · 1 establishment unit since 2011
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.
Lazarijstraat 243520 ZonhovenGround area
2,202 m²
Building footprint
484 m²
Volume, LiDAR
2,475 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
't Kiewitje
since 20112.204.479.804
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443F0564/00G000 | Flanders | 1,469 m² | 1 · 181 m² | 8.4 m · 2 fl. |
| 71327G0050/00H005 | Flanders | 733 m² | 1 · 302 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 18,786 EUR awarded · 18,786 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,263 EUR | 6,263 EUR |
| 2024 | 1 | 3,619 EUR | 3,619 EUR |
| 2023 | 1 | 4,669 EUR | 4,669 EUR |
| 2022 | 1 | 4,235 EUR | 4,235 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
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Of 10,524 companies in sector 47110 we hold annual accounts for 5,859. 4,617 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-10-2011
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
46170Agents in the wholesale of food, beverages and tobacco
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
92000Gambling and betting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.