WALCODIS
ActiveSummary
WALCODIS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36.47M and a net result of €1.72M. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 53% of 652 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-3
Solvency65▼-6
Growth68▲+46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.8M at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.18 in 2024; short-term debt: 59.5% and cash: 0% of total assets), and 59.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.5%
Return on assets
1.9%
Age of the figures
18 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €36.47M
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-09-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
35 d early
2023
27 d early
2022
32 d early
2021
38 d early
2020
33 d early
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€394.14M▲ 753%
2024 · €46.19M
2019: €295.32M
2020: €327.34M
2021: €327.52M
2022: €318.80M
2023: €17.84M
2024: €46.19M
2019 → 2025
EBIT margin
0.5%▼ 2.2pp
2024 · 2.7%
2019: 0.4%
2020: 0.5%
2021: 0.3%
2022: 0.7%
2023: 3.1%
2024: 2.7%
2019 → 2025
Net result
€1.72M▲ 18.5%
2024 · €1.45M
2019: €1.53M
2020: €1.63M
2021: €1.14M
2022: €1.98M
2023: €3.31M
2024: €1.45M
2019 → 2025
Working capital
€15.57M▲ 119%
2024 · €7.11M
2019: €6.75M
2020: €5.56M
2021: €8.16M
2022: €16.86M
2023: €11.13M
2024: €7.11M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€327.52M-€318.80M▼ 2.7%€17.84M▼ 94.4%€46.19M▲ 159%€394.14M▲ 753%
Equity€31.15M-€32.68M▲ 4.9%€33.13M▲ 1.4%€34.57M▲ 4.4%€36.47M▲ 5.5%
Operating result€1.12M-€2.19M▲ 95.7%€555k▼ 74.6%€1.23M▲ 123%€1.81M▲ 46.6%
Net result€1.14M-€1.98M▲ 72.9%€3.31M▲ 67.6%€1.45M▼ 56.3%€1.72M▲ 18.5%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90.07M
Fixed assets
€20.90M ▼ 23.9%
Current assets
€69.17M ▲ 46.1%
Equity and liabilities €90.07M
Equity
€36.47M ▲ 5.5%
Debt
€53.60M ▲ 33.2%
Debt's share of the balance-sheet total rises from 53.8% to 59.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.90M▲
2024 · €1.33M
Cash flow
€3.80M▲
2024 · €1.54M
Current ratio
1.29▲
2024 · 1.18
Quick ratio
1.21▲
2024 · 1.06
Debt to equity
1.47▲
2024 · 1.16
ROE
4.7%▲
2024 · 4.2%
ROA
1.9%▼
2024 · 1.9%
Interest coverage
89.00▼
2024 · 1264787.70
Debt ≤ 1 year
€53.60M▲
2024 · €40.25M
Income taxes
€581k▲
2024 · €479k
Staff costs
€2.08M▲
2024 · €163k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 76 lines
Balance sheet
Code20242025
Assets
Total assets20/58€74.82M€90.07M▲
Fixed assets21/28€27.46M€20.90M▼
Intangible fixed assets21€3.05M€3.86M▲
Tangible fixed assets22/27€14.41M€17.04M▲
Land and buildings22€95k€1.68M▲
Plant, machinery and equipment23€134k€15.26M▲
Furniture and vehicles24€3k€105k▲
Assets under construction and advance payments27€14.17M-
Financial fixed assets28€10.00M-
Affiliated companies280/1€10.00M-
Amounts receivable281€10.00M-
Current assets29/58€47.36M€69.17M▲
Stocks and contracts in progress3€4.70M€4.34M▼
Stocks30/36€4.70M€4.34M▼
Goods purchased for resale34€4.70M€4.34M▼
Amounts receivable within one year40/41€32.93M€64.75M▲
Trade receivables40€32.93M€34.59M▲
Other amounts receivable41€8k€30.15M▲
Cash at bank and in hand54/58€9.72M€2k▼
Deferred charges and accrued income490/1€4k€77k▲
Equity and liabilities
Total equity and liabilities10/49€74.82M€90.07M▲
Equity10/15€34.57M€36.47M▲
Contributions10/11€26.00M€26.00M=
Capital10€26.00M€26.00M=
Issued capital100€26.00M€26.00M=
Reserves13€754k€840k▲
Non-distributable reserves130/1€753k€839k▲
Legal reserve130€753k€839k▲
Tax-exempt reserves132€652€652=
Profit (loss) carried forward14€7.81M€9.00M▲
Investment grants15€980€635k▲
Amounts payable17/49€40.25M€53.60M▲
Amounts payable within one year42/48€40.25M€53.60M▲
Financial debts43-€18.74M
Credit institutions430/8-€18.74M
Trade debts44€40.20M€34.41M▼
Suppliers440/4€40.20M€34.41M▼
Taxes, remuneration and social security45€45k€448k▲
Taxes450/3€1k€5k▲
Remuneration and social security454/9€44k€443k▲
Accrued charges and deferred income492/3€1k€253▼
Income statement
Code20242025
Operating income70/76A€47.43M€395.03M▲
Turnover70€46.19M€394.14M▲
Other operating income74€1.25M€894k▼
Operating charges60/66A€46.20M€393.22M▲
Goods for resale, raw materials and consumables60€30.27M€370.10M▲
Purchases600/8€34.97M€369.74M▲
Change in stocks: decrease (increase)609€-4.70M€355k▲
Services and other goods61€15.63M€18.88M▲
Remuneration, social security and pensions62€163k€2.08M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€2.09M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-1k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-20k-
Other operating charges640/8€23k€17k▼
Non-recurring operating charges66A€36k€59k▲
Operating profit (loss)9901€1.23M€1.81M▲
Financial income75/76B€694k€532k▼
Recurring financial income75€694k€532k▼
Income from current assets751€687k€532k▼
Other financial income752/9€7k€457▼
Financial charges65/66B€328€44k▲
Recurring financial charges65€328€44k▲
Debt charges650€1€44k▲
Other financial charges652/9€327€374▲
Profit (loss) for the period before taxes9903€1.93M€2.30M▲
Income taxes67/77€479k€581k▲
Taxes670/3€479k€581k▲
Profit (loss) for the period9904€1.45M€1.72M▲
Profit (loss) for the period to be appropriated9905€1.45M€1.72M▲
Appropriation of the result
Profit (loss) to be appropriated9906€7.89M€9.53M▲
Profit (loss) brought forward from the previous period14P€6.44M€7.81M▲
Transfer to equity691/2€72k€86k▲
To the legal reserve6920€72k€86k▲
Profit to be distributed694/7-€450k
Return on contributions (dividend)694-€450k
Social balance
Average headcount (FTE)908718.239.1▲
The notes to these accounts (53 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
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Highest result since 2019net €3.31M ▲67.6%
Net result €3.31M, the highest in the series.
31-03
Financial
Liquidity triplescurrent ratio 3.86
Current ratio from 1.53 to 3.86; short-term debt falls from €31.72M to €3.89M.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Weakest financial yearnet €1.14M ▼29.7%
Net result drops to €1.14M, the lowest in the series; recovery starts the following year.
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Ath · 5 establishment units since 2010
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.
Rue du Parc Industriel(GHI) 347822 AthGround area
40.0 ha
Building footprint
13.6 ha
Volume, LiDAR
1,129,980 m³
4 parcels, Flanders, Wallonia · tallest building 21.1 m, ±4 floors. Linked by address, not a title deed.
5 establishment units
WALCODIS
since 20102.194.440.995
Laekebeek
since 20142.231.192.218
Dassenveld
since 20142.231.192.317
Bilkensveld
since 20142.232.894.666
DC Ollignies
since 20152.239.665.761
4 parcels
Flanders
3
(75%)
Wallonia
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027D0387/00P000 | Flanders | 23.3 ha | 1 · 8.0 ha | 21.1 m · 4 fl. |
| 23046C0308/00C000 | Flanders | 10.9 ha | 1 · 3.5 ha | - |
| 51024A0487/00_000 | Wallonia | 5.8 ha | 1 · 2.1 ha | 11.7 m · 2 fl. |
| 23027M0249/00H000 | Flanders | 148 m² | 1 · 81 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 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 2023 · 2 entries · 7,717 EUR awarded · 7,717 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,309 EUR | 4,309 EUR |
| 2022 | 1 | 3,408 EUR | 3,408 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyLessines2.239.665.761
Similar companies · same sector, comparable size
LIEFKENSHOEK LOGISTIC HUB
BE 0540.545.069
Beveren-Kruibeke-Zwijndrecht · Eq €34.52M
IMSTO
BE 0428.559.856
Harelbeke · Eq €34.15M
SMC Logistics Service Europe NV
BE 0431.861.024
Wommelgem · Eq €33.57M
GXO Logistics Belgium
BE 0404.801.091
Asse · Eq €33.04M
BLECKMANN BELGIË NV
BE 0424.797.345
Kruisem · Eq €31.98M
Of 1,030 companies in sector 52100 we hold annual accounts for 765. 159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-10-2010
Fiscal year end31-03
Activities, NACEBEL 2025
52100Warehousing and storage
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.