WALCARIUS

Active

Public limited companyfounded 1984active for 42 yearsWarandenstraat 8, 7700 Mouscron, BelgiumKBO/BCE: BE 0426.588.578

Summary

WALCARIUS has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.2m and a net result of €491,537. Equity is growing by about 6.6% per year across the filed financial years. Its solvency ranks better than 64% of 1,028 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

WALCARIUSActiveChecked score 96/100

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001Manufacture of metal structures and parts of structures NACE 25110

7th largest company by total assets in Mouscron, Construction sector1 site

Size

≈ €3.7mturnover 2025, estimated

Staff: 18.3 FTE
Equity: €4.2m
Profit: €491,537

Turnover estimated from the gross margin

Financial health

96 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: WALCA · 97.6%
Board: 4 members

WALCAManaging director · permanent representative Francis WALCARIUS

2025 accounts 14 days early2 of 7 deeds summarised

Why 96raises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 1984Liquidity: current ratio 2.12, cash €1.6mSize: 18.3 FTE, total assets €9.2mShow the evidence

Checked score

Score 2025

96 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 69% of its sector peers (NACE 41, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 71-1

equity 45.7% of total assets

Liquidity 58-2

short-term debt 31.3% · cash 17.3%

Profitability 75-6

return on assets 5.3%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (912 companies, NACE 41, small)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%▲ +0.1 percentage points vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €400,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.12, compared with 2.39 in 2024, above the usual 1.5; short-term debt: 31.3% and cash: 17.3% of total assets), but 54.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small): better than 68% on solvency, 80% on liquidity, 75% on profitability and 51% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Founded in 1984

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Construction of residential and non-residential buildings (NACE 41)

KBO

Liquidity: current ratio 2.12, cash €1.6m

NBB · annual accounts

Size: 18.3 FTE, total assets €9.2m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

14 days early

2024

13 days early

2023

15 days early

2022

4 days early

2021

13 days early

2020

11 days early

2019

25 days late

← 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 6 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

17-07-2026 Annual accounts filedfinancial year 2025 · full…
13-05-2026 Appointment: Victor WALCARIUS (director)Declaration
18-07-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Positive: 7th largest company by total assets in Mouscron, Construction sectorin the Checked rankings No. 7 View
Caution: Result fell in 2025from €873,040 to €491,537 ▼ 43.7% View
Controlled by WALCA 97.6% View
Positive: 7 profitable years in a rowprofit 2025: €491,537 7 years View
Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
New directorlatest change 27-03-2026 · 4 in office 1 joined View

By topic

Financials

Financial year: 2025
Total assets: €9.2m
Profit: €491,537
Solvency: 45.7%

Turnover▼ 13.7%

Net result

20222023

Go to Financials

Board & ownership

Board: 4 members
Parent: WALCA · 97.6%

Alain VAN OOTEGHEMDirector
Philippe WALCARIUSDirector
WALCAManaging director
Victor WALCARIUSDirector

Go to Board & ownership

Timeline

Events: 45
Since: 1986
Next accounts: by 31-07-2027

16-07-2024Annual accounts filed
05-02-2024Resignations: WALCA, Philippe WALCARIUS and Alain VAN…
31-12-2023Highest result from 2018 to 2025

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: General construction of residential buildingsNACE 41001
Founded: 01-10-1984
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 33

Annual meeting: First Tuesday of June at 09:00
Purpose: “La vente,l'achat,la location,la construction,l'entretien et la réparation de tout matériel…” (deed in French)

Go to Articles of association

Key facts about WALCARIUS

What is the company number of WALCARIUS?: 0426.588.578. In Belgium the VAT number is the company number with BE in front: BE 0426.588.578.
Where is WALCARIUS based?: The registered office is at Warandenstraat 8, 7700 Mouscron.Company details
What does WALCARIUS do?: According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of WALCARIUS?: Public limited company (NV).
When was WALCARIUS founded?: On 01-10-1984.
Is WALCARIUS still active?: Yes, WALCARIUS is an active enterprise in the KBO register.
How many employees does WALCARIUS have?: On average 18.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WALCARIUS?: €10.0m in financial year 2023, according to the filed annual accounts.
Is WALCARIUS profitable?: In financial year 2025, WALCARIUS made a profit of €491,537.
Where can I find the annual accounts of WALCARIUS?: WALCARIUS filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WALCARIUS due?: By 31-07-2027, for financial year 2026.Timeline