WALBA
ActiveSummary
WALBA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26,019 and a net result of -€13,194. Equity is shrinking by ~25.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 34% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability7▲+2
Solvency38▼-6
Growth52▲+30
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.01 in 2023; short-term debt: 77.4% and cash: 0.2% of total assets), and 87.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-6.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€13,194
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
29 d late
2022
18 d late
2021
2 d early
2020
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€6,019▲ 213%
2023 · €1,924
EBIT margin
-209.9%▲ 725.4pp
2023 · -935.3%
Net result
-€13,194▲ 29.1%
2023 · -€18,615
Working capital
-€155,438▼ 9.4%
2023 · -€142,111
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€5,404-€6,245▲ 15.6%€3,500▼ 43.9%€1,924▼ 45.0%€6,019▲ 213%
Operating result-€15,196--€12,483▲ 17.9%-€11,602▲ 7.1%-€17,997▼ 55.1%-€12,631▲ 29.8%
Net result-€16,628below the sector's middle half--€13,248below the sector's middle half▲ 20.3%-€12,296below the sector's middle half▲ 7.2%-€18,615within the sector's middle half▼ 51.4%-€13,194below the sector's middle half▲ 29.1%
EBIT margin-281.2%--199.9%▲ 81.3pp-331.5%▼ 131.6pp-935.3%▼ 603.8pp-209.9%▲ 725.4pp
Equity€83,372within the sector's middle half-€70,125within the sector's middle half▼ 15.9%€57,828within the sector's middle half▼ 17.5%€39,213below the sector's middle half▼ 32.2%€26,019within the sector's middle half▼ 33.6%
Total assets€231,468within the sector's middle half-€222,222within the sector's middle half▼ 4.0%€214,248within the sector's middle half▼ 3.6%€207,019below the sector's middle half▼ 3.4%€201,727within the sector's middle half▼ 2.6%
Debt€148,096-€152,097▲ 2.7%€156,420▲ 2.8%€167,805▲ 7.3%€175,708▲ 4.7%
Working capital-€104,706below the sector's middle half--€115,665below the sector's middle half▼ 10.5%-€125,692below the sector's middle half▼ 8.7%-€142,111within the sector's middle half▼ 13.1%-€155,438below the sector's middle half▼ 9.4%
Solvency36.0%within the sector's middle half-31.6%within the sector's middle half▼ 4.5pp27.0%within the sector's middle half▼ 4.6pp18.9%within the sector's middle half▼ 8.0pp12.9%within the sector's middle half▼ 6.0pp
Current ratio0.04below the sector's middle half-0.02below the sector's middle half▼ 0.020.01below the sector's middle half▼ 0.010.01below the sector's middle half=0.00below the sector's middle half=
Return on assets (ROA)-7.2%below the sector's middle half--6.0%below the sector's middle half▲ 1.2pp-5.7%below the sector's middle half▲ 0.2pp-9.0%below the sector's middle half▼ 3.3pp-6.5%below the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,631 in 2024 against €17,997 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201,727
Fixed assets
€201,129 ▼ 2.4%
Current assets
€598 ▼ 40.2%
Equity and liabilities €201,727
Equity
€26,019 ▼ 33.6%
Debt
€175,708 ▲ 4.7%
Debt's share of the balance-sheet total rises from 81.1% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,411▲
2023 · -€10,825
Cash flow
-€5,975▲
2023 · -€11,443
Debt to equity
6.75▲
2023 · 4.28
ROE
-50.7%▼
2023 · -47.5%
Interest coverage
-9.60▲
2023 · -17.50
Debt ≤ 1 year
€156,036▲
2023 · €143,112
Debt > 1 year
€19,642▼
2023 · €24,694
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
4.3%
went bankrupt
3.9%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,338 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% | 1.9% |
| 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 1,548 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 | €5,404 | €6,245 | €3,500 | €1,924 | €6,019 | ▲ 213% |
| Goods, raw materials, services and sundry goods60/61 | - | €10,834 | €7,035 | €11,779 | €10,404 | ▼ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,512 | €7,172 | €7,172 | €7,172 | €7,219 | ▲ 0.7% |
| Other operating charges640/8 | - | €723 | €896 | €970 | €776 | ▼ 20.0% |
| Non-recurring operating charges66A | - | - | - | - | €250 | - |
| Gross operating margin9900 | -€8,102 | -€4,588 | -€3,534 | -€9,855 | -€4,386 | ▲ 55.5% |
| Operating profit (loss)9901 | -€15,196 | -€12,483 | -€11,602 | -€17,997 | -€12,631 | ▲ 29.8% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Non-recurring financial income76B | - | - | - | €1 | - | - |
| Financial charges65/66B | - | €764 | €694 | €618 | €564 | ▼ 8.8% |
| Recurring financial charges65 | €1,431 | €764 | €694 | €618 | €564 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | -€16,628 | -€13,248 | -€12,296 | -€18,615 | -€13,194 | ▲ 29.1% |
| Profit (loss) for the period9904 | -€16,628 | -€13,248 | -€12,296 | -€18,615 | -€13,194 | ▲ 29.1% |
| Profit (loss) for the period to be appropriated9905 | -€16,628 | -€13,248 | -€12,296 | -€18,615 | -€13,194 | ▲ 29.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231,468 | €222,222 | €214,248 | €207,019 | €201,727 | ▼ 2.6% |
| Fixed assets21/28 | €227,534 | €220,362 | €213,190 | €206,018 | €201,129 | ▼ 2.4% |
| Tangible fixed assets22/27 | €227,534 | €220,362 | €213,190 | €206,018 | €201,129 | ▼ 2.4% |
| Land and buildings22 | - | €219,693 | €212,698 | €205,703 | €198,709 | ▼ 3.4% |
| Furniture and vehicles24 | - | €669 | €492 | €315 | €2,420 | ▲ 669% |
| Current assets29/58 | €3,934 | €1,859 | €1,058 | €1,000 | €598 | ▼ 40.2% |
| Cash at bank and in hand54/58 | €3,934 | €1,571 | €874 | €747 | €406 | ▼ 45.6% |
| Deferred charges and accrued income490/1 | - | €288 | €184 | €253 | €192 | ▼ 24.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231,468 | €222,222 | €214,248 | €207,019 | €201,727 | ▼ 2.6% |
| Equity10/15 | €83,372 | €70,125 | €57,828 | €39,213 | €26,019 | ▼ 33.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | - | €100,000 | - | - |
| Issued capital100 | - | €100,000 | - | €100,000 | - | - |
| Profit (loss) carried forward14 | -€16,628 | -€29,875 | -€42,172 | -€60,787 | -€73,981 | ▼ 21.7% |
| Amounts payable17/49 | €148,096 | €152,097 | €156,420 | €167,805 | €175,708 | ▲ 4.7% |
| Amounts payable after more than one year17 | €39,400 | €34,572 | €29,670 | €24,694 | €19,642 | ▼ 20.5% |
| Financial debts170/4 | - | €34,572 | €29,670 | €24,694 | €19,642 | ▼ 20.5% |
| Amounts payable within one year42/48 | €108,640 | €117,525 | €126,750 | €143,112 | €156,036 | ▲ 9.0% |
| Financial debts43 | - | €4,828 | €4,902 | €4,976 | €5,052 | ▲ 1.5% |
| Credit institutions430/8 | - | €4,828 | €4,902 | €4,976 | €5,052 | ▲ 1.5% |
| Trade debts44 | €1,305 | €3,149 | €1,732 | €2,063 | €2,082 | ▲ 0.9% |
| Suppliers440/4 | - | €3,149 | €1,732 | €2,063 | €2,082 | ▲ 0.9% |
| Other amounts payable47/48 | - | €109,548 | €120,116 | €136,072 | €148,902 | ▲ 9.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €30 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,628 | -€13,248 | -€12,296 | -€18,615 | -€13,194 | ▲ 29.1% |
| + Depreciation and write-downs630 | €6,512 | €7,172 | €7,172 | €7,172 | €7,219 | ▲ 0.7% |
| Operating cash flow (approximation) | -€10,116 | -€6,076 | -€5,124 | -€11,443 | -€5,975 | ▲ 47.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,330 | - |
| Change in cash | - | -€2,363 | -€697 | -€127 | -€341 | ▼ 169% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€18,615
Net result drops to -€18,615, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Rebecq · 1 establishment unit since 2019
Ground area
2,734 m²
Building footprint
170 m²
Volume, LiDAR
1,158 m³
Parcel 25007E0008/00F003, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WALBA
since 20192.290.333.118
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25007E0008/00F003 | Wallonia | 2,734 m² | 1 · 170 m² | 9.0 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.
Similar companies · same sector, comparable size
Ardenne Places
BE 0474.288.923
Theux · Eq €26,016
IVAL
BE 0713.603.858
Sint-Jans-Molenbeek · Eq €26,011
MALEMPRE T C J
BE 0802.507.922
Manhay · Eq €26,006
Junior's Home
BE 1010.203.530
Braine-l'Alleud · Eq €26,034
MARCH-ONE
BE 0716.635.406
Namur · Eq €26,057
Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 2,543 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
Founded22-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727372811
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.