WALBURG
ActiveSummary
The computed 12-month bankruptcy probability of WALBURG is 2.1% (moderate). The 2025 annual accounts show negative equity (-€11,085) and a net result of €4,447. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 3770 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+8
Solvency21=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.69 in 2024; short-term debt: 85.3% and cash: 24% of total assets), and equity is negative.
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Signals
Six 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
-3.6%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 3770 sector peers (2025).
NBB · sector comparisonPosition among 3770 sector peers
Solvency
better than 21%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
92 d late
2023
77 d late
2022
52 d early
2021
31 d early
2020
59 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 July (4 of the last 5 filed years within 78 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€11,085▲ 28.6%
2024 · -€15,531
Total assets
€308,843▼ 28.7%
2024 · €433,015
Net result
€4,447
2024 · -€40
Working capital
-€119,389▲ 0.1%
2024 · -€119,491
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20212022202320242025
Operating result€73,140€29,161▼ 60.1%€1,060▼ 96.4%€14,689▲ 1,286%€16,616▲ 13.1%
Net result€67,656within the sector's middle half€23,273within the sector's middle half▼ 65.6%-€15,439below the sector's middle half-€40within the sector's middle half▲ 99.7%€4,447within the sector's middle half
Equity-€23,324below the sector's middle half▲ 74.4%-€52below the sector's middle half▲ 99.8%-€15,491below the sector's middle half▼ 29,851%-€15,531below the sector's middle half▼ 0.3%-€11,085below the sector's middle half▲ 28.6%
Total assets€115,488below the sector's middle half▲ 33.4%€194,120within the sector's middle half▲ 68.1%€309,744within the sector's middle half▲ 59.6%€433,015within the sector's middle half▲ 39.8%€308,843within the sector's middle half▼ 28.7%
Debt€138,813▼ 21.8%€194,172▲ 39.9%€325,234▲ 67.5%€448,547▲ 37.9%€319,927▼ 28.7%
Working capital-€63,571below the sector's middle half▲ 46.4%-€36,904within the sector's middle half▲ 41.9%-€69,985below the sector's middle half▼ 89.6%-€119,491below the sector's middle half▼ 70.7%-€119,389below the sector's middle half▲ 0.1%
Solvency-20.2%below the sector's middle half▲ 84.9pp0.0%below the sector's middle half▲ 20.2pp-5.0%below the sector's middle half▼ 5.0pp-3.6%below the sector's middle half▲ 1.4pp-3.6%below the sector's middle half=
Current ratio0.54below the sector's middle half▲ 0.230.81within the sector's middle half▲ 0.270.71within the sector's middle half▼ 0.100.69within the sector's middle half▼ 0.030.55below the sector's middle half▼ 0.14
Return on assets (ROA)58.6%above the sector's middle half▲ 64.9pp12.0%within the sector's middle half▼ 46.6pp-5.0%below the sector's middle half▼ 17.0pp0.0%within the sector's middle half▲ 5.0pp1.4%within the sector's middle half▲ 1.4pp
Staff (FTE)6.6within the sector's middle half▼ 1.5%6.1within the sector's middle half▼ 7.6%5.7within the sector's middle half▼ 6.6%5within the sector's middle half▼ 12.3%4.9within the sector's middle half▼ 2.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,843
Fixed assets
€164,792 ▼ 4.6%
Current assets
€144,051 ▼ 44.6%
Key figures and ratios
EBITDA
€40,305▼
2024 · €40,521
Cash flow
€28,135▲
2024 · €25,791
Quick ratio
0.43▼
2024 · 0.62
Debt to equity
-28.86▲
2024 · -28.88
Interest coverage
3.37▲
2024 · 2.71
Debt ≤ 1 year
€263,440▼
2024 · €379,724
Debt > 1 year
€56,488▼
2024 · €68,822
Income taxes
€211▲
2024 · €203
Staff costs
€346,650▲
2024 · €304,256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 1,448 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,420 | - |
| Remuneration, social security and pensions62 | €227,620 | €371,952 | €396,614 | €304,256 | €346,650 | ▲ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,486 | €10,402 | €12,294 | €25,832 | €23,688 | ▼ 8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,876 | €0 | - | - |
| Other operating charges640/8 | €2,475 | €599 | €4,788 | €3,332 | €7,984 | ▲ 140% |
| Non-recurring operating charges66A | €6,500 | €0 | - | - | - | - |
| Gross operating margin9900 | €317,221 | €412,114 | €416,632 | €348,109 | €394,939 | ▲ 13.5% |
| Operating profit (loss)9901 | €73,140 | €29,161 | €1,060 | €14,689 | €16,616 | ▲ 13.1% |
| Financial income75/76B | €131 | €7,746 | €0 | €436 | €6 | ▼ 98.6% |
| Recurring financial income75 | €131 | €7,746 | €0 | €436 | €6 | ▼ 98.6% |
| Financial charges65/66B | €5,438 | €13,453 | €16,304 | €14,962 | €11,965 | ▼ 20.0% |
| Recurring financial charges65 | €5,438 | €13,453 | €16,304 | €14,962 | €11,965 | ▼ 20.0% |
| Profit (loss) for the period before taxes9903 | €67,832 | €23,454 | -€15,244 | €162 | €4,657 | ▲ 2,766% |
| Income taxes67/77 | €177 | €181 | €195 | €203 | €211 | ▲ 3.9% |
| Profit (loss) for the period9904 | €67,656 | €23,273 | -€15,439 | -€40 | €4,447 | ▲ 11,088% |
| Profit (loss) for the period to be appropriated9905 | €67,656 | €23,273 | -€15,439 | -€40 | €4,447 | ▲ 11,088% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,488 | €194,120 | €309,744 | €433,015 | €308,843 | ▼ 28.7% |
| Fixed assets21/28 | €40,246 | €36,853 | €135,759 | €172,782 | €164,792 | ▼ 4.6% |
| Tangible fixed assets22/27 | €40,096 | €36,703 | €135,759 | €172,782 | €164,792 | ▼ 4.6% |
| Plant, machinery and equipment23 | €16,245 | €17,155 | €120,516 | €119,043 | €105,255 | ▼ 11.6% |
| Other tangible fixed assets26 | €23,851 | €19,547 | €15,243 | €53,739 | €59,536 | ▲ 10.8% |
| Financial fixed assets28 | €150 | €150 | €0 | - | - | - |
| Current assets29/58 | €75,242 | €157,268 | €173,985 | €260,233 | €144,051 | ▼ 44.6% |
| Stocks and contracts in progress3 | €18,196 | €25,886 | €15,719 | €25,709 | €29,767 | ▲ 15.8% |
| Stocks30/36 | €18,196 | €25,886 | €15,719 | €25,709 | €29,767 | ▲ 15.8% |
| Amounts receivable within one year40/41 | €16,345 | €87,506 | €64,245 | €133,434 | €31,272 | ▼ 76.6% |
| Trade receivables40 | €16,020 | €87,418 | €57,847 | €99,352 | €26,364 | ▼ 73.5% |
| Other amounts receivable41 | €325 | €88 | €6,398 | €34,082 | €4,908 | ▼ 85.6% |
| Cash at bank and in hand54/58 | €37,721 | €40,304 | €89,186 | €95,420 | €74,083 | ▼ 22.4% |
| Deferred charges and accrued income490/1 | €2,980 | €3,572 | €4,835 | €5,671 | €8,929 | ▲ 57.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,488 | €194,120 | €309,744 | €433,015 | €308,843 | ▼ 28.7% |
| Equity10/15 | -€23,324 | -€52 | -€15,491 | -€15,531 | -€11,085 | ▲ 28.6% |
| Contributions10/11 | €44,274 | €44,274 | €44,274 | €44,274 | €44,274 | = |
| Reserves13 | €2,143 | €2,143 | €2,143 | €2,143 | €2,143 | = |
| Non-distributable reserves130/1 | €2,143 | €2,143 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,143 | €2,143 | €0 | - | - | - |
| Distributable reserves133 | - | - | €2,143 | €2,143 | €2,143 | = |
| Profit (loss) carried forward14 | -€69,741 | -€46,468 | -€61,907 | -€61,948 | -€57,501 | ▲ 7.2% |
| Amounts payable17/49 | €138,813 | €194,172 | €325,234 | €448,547 | €319,927 | ▼ 28.7% |
| Amounts payable after more than one year17 | €0 | - | €80,518 | €68,822 | €56,488 | ▼ 17.9% |
| Financial debts170/4 | €0 | - | €80,518 | €68,822 | €56,488 | ▼ 17.9% |
| Amounts payable within one year42/48 | €138,813 | €194,172 | €243,969 | €379,724 | €263,440 | ▼ 30.6% |
| Current portion of amounts payable after more than one year42 | €6,039 | €3,049 | €36,917 | €11,693 | €12,335 | ▲ 5.5% |
| Financial debts43 | €1,678 | €9,070 | €15,500 | €8,543 | €0 | ▼ 100% |
| Credit institutions430/8 | €1,678 | €9,070 | €15,500 | €8,543 | €0 | ▼ 100% |
| Trade debts44 | €89,059 | €130,847 | €139,108 | €270,714 | €184,153 | ▼ 32.0% |
| Suppliers440/4 | €89,059 | €130,847 | €139,108 | €270,714 | €184,153 | ▼ 32.0% |
| Advances received on contracts in progress46 | €2,706 | €4,119 | €11,872 | €7,085 | €6,411 | ▼ 9.5% |
| Taxes, remuneration and social security45 | €37,992 | €40,113 | €40,572 | €81,690 | €60,542 | ▼ 25.9% |
| Taxes450/3 | €9,081 | €2,130 | €1,673 | €40,326 | €14,711 | ▼ 63.5% |
| Remuneration and social security454/9 | €28,911 | €37,983 | €38,899 | €41,364 | €45,831 | ▲ 10.8% |
| Other amounts payable47/48 | €1,339 | €6,975 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €747 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,656 | €23,273 | -€15,439 | -€40 | €4,447 | ▲ 11,088% |
| + Depreciation and write-downs630 | €7,486 | €10,402 | €12,294 | €25,832 | €23,688 | ▼ 8.3% |
| Operating cash flow (approximation) | €75,142 | €33,674 | -€3,145 | €25,791 | €28,135 | ▲ 9.1% |
| Investment in fixed assets (approximation) | - | -€7,008 | -€111,200 | -€62,854 | -€15,698 | ▲ 75.0% |
| Change in cash | - | €2,583 | €48,882 | €6,234 | -€21,337 | ▼ 442% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €4,447
Net result €4,447 after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 77 days late
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €67,656
Net result €67,656 after 3 loss-making years.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 69 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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
Registered office, Antwerpen · 3 establishment units since 1994
Ground area
4.8 ha
Building footprint
7,822 m²
Volume, LiDAR
52,815 m³
4 parcels, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
3 establishment units
Boomse Steenweg 28, 2627 Schelle
since 19942.067.689.909
't Brouwershuis
since 20152.241.070.677
Kasteel Diepensteyn
since 20152.241.070.776
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23080A0608/00W000 | Flanders | 2.4 ha | 1 · 618 m² | 13.8 m · 3 fl. |
| 11038C0338/00F002 | Flanders | 1.5 ha | 1 · 6,492 m² | 11.4 m · 2 fl. |
| 11803C2483/00A000 | Flanders | 7,016 m² | 1 · 308 m² | 17.0 m · 4 fl. |
| 23080B0067/00L000 | Flanders | 880 m² | 1 · 404 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerChain of control
- ZAKOUSKI
- WALBURG
Highest known parent: ZAKOUSKI. The sources do not say who stands above it.
Owners 1
- ZAKOUSKIparentSourceaccounts ZAKOUSKI 202465.02%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLonderzeel2.241.070.677
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 2,553 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452563990
Also
9925:BE0452563990
Registered
23-07-2024
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.