Walcome
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-03-2026 PDF all 32 filings
Equity
€671,648▼ 7.6%
2024 · €726,587
Total assets
€940,675▼ 6.7%
2024 · €1.0m
Net result
-€54,939▲ 10.6%
2024 · -€61,437
Working capital
€2,230▼ 97.6%
2024 · €93,205
In the rankings
#10 oldest company in Ypres, Other services sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€48,512
▲ 9.0%
2025
20192025
Net result
-€54,939
▲ 10.6%
2025
lowest quarter of the sector
20192025
Equity
€671,648
▼ 7.6%
2025
middle half of the sector
20192025
Total assets
€940,675
▼ 6.7%
2025
middle half of the sector
20192025
Debt
€269,027
▼ 4.5%
2025
20192025
Working capital
€2,230
▼ 97.6%
2025
middle half of the sector
20192025
Solvency
71.4%
▼ 0.7pp
2025
highest quarter of the sector
20192025
Current ratio
1.03
▼ 0.96
2025
middle half of the sector
20192025
Return on assets (ROA)
-5.8%
▲ 0.3pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€31--€0.02m▼ 69,415%€0.04m-€0.02m-€0.02m▼ 40.1%-€0.05m▼ 146%-€0.05m▲ 9.0%
Net result-€0.008m--€0.02mbelow the sector's middle half▼ 203%€0.03mwithin the sector's middle half-€0.02mbelow the sector's middle half-€0.03mbelow the sector's middle half▼ 44.2%-€0.06mbelow the sector's middle half▼ 120%-€0.05mbelow the sector's middle half▲ 10.6%
Equity€0.8m-€0.8mabove the sector's middle half▼ 2.9%€0.8mabove the sector's middle half▲ 4.3%€0.8mwithin the sector's middle half▼ 2.3%€0.8mwithin the sector's middle half▼ 3.4%€0.7mwithin the sector's middle half▼ 7.8%€0.7mwithin the sector's middle half▼ 7.6%
Total assets€1.3m-€1.1mwithin the sector's middle half▼ 8.8%€1.1mwithin the sector's middle half▼ 0.2%€1.1mwithin the sector's middle half▼ 1.4%€1.1mwithin the sector's middle half▼ 0.5%€1.0mwithin the sector's middle half▼ 10.1%€0.9mwithin the sector's middle half▼ 6.7%
Debt€0.4m-€0.3m▼ 20.2%€0.3m▼ 10.6%€0.3m▲ 1.2%€0.3m▲ 7.2%€0.3m▼ 15.7%€0.3m▼ 4.5%
Working capital€0.1m-€0.1mwithin the sector's middle half▼ 10.9%€0.1mwithin the sector's middle half▲ 49.7%€0.2mwithin the sector's middle half▲ 6.4%€0.1mwithin the sector's middle half▼ 10.7%€0.09mwithin the sector's middle half▼ 31.3%€0.002mwithin the sector's middle half▼ 97.6%
Solvency65.6%-69.9%above the sector's middle half▲ 4.3pp73.1%above the sector's middle half▲ 3.1pp72.4%above the sector's middle half▼ 0.7pp70.2%above the sector's middle half▼ 2.1pp72.1%above the sector's middle half▲ 1.8pp71.4%above the sector's middle half▼ 0.7pp
Current ratio1.49-1.61within the sector's middle half▲ 0.112.18within the sector's middle half▲ 0.572.22within the sector's middle half▲ 0.041.92within the sector's middle half▼ 0.301.98within the sector's middle half▲ 0.061.03within the sector's middle half▼ 0.96
Return on assets (ROA)-0.6%--2.1%below the sector's middle half▼ 1.4pp3.0%within the sector's middle half▲ 5.1pp-1.7%below the sector's middle half▼ 4.7pp-2.5%below the sector's middle half▼ 0.8pp-6.1%below the sector's middle half▼ 3.6pp-5.8%below the sector's middle half▲ 0.3pp
Staff (FTE)1.8-
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €48,512, smaller than the loss of €53,307 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €940,675
Fixed assets
€856,418 ▲ 4.4%
Current assets
€84,256 ▼ 55.2%
Equity and liabilities €940,675
Equity
€671,648 ▼ 7.6%
Debt
€269,027 ▼ 4.5%
Debt's share of the balance-sheet total rises from 27.9% to 28.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€29,223▼
2024 · -€26,700
Cash flow
-€35,650▼
2024 · -€34,830
Debt to equity
0.40▲
2024 · 0.39
ROE
-8.2%▲
2024 · -8.5%
Interest coverage
-4.66▼
2024 · -3.41
Debt ≤ 1 year
€82,027▼
2024 · €94,805
Debt > 1 year
€187,000=
2024 · €187,000
Income taxes
€151▼
2024 · €304
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €15,148 | €8,022 | €64,218 |
| Depreciation and write-downs of the year | €28,485 | €26,829 | €26,607 | €19,289 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €59 awarded · €59 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €11,149 | €11,006 | ▼ 1.3% |
| Remuneration, social security and pensions62 | - | - | - | -€349 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,949 | €38,532 | €31,954 | €28,485 | €26,829 | €26,607 | €19,289 | ▼ 27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €10,778 | - | - |
| Other operating charges640/8 | - | - | - | €9,209 | €10,077 | €10,083 | €10,151 | ▲ 0.7% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €399 | - |
| Gross operating margin9900 | €129,017 | €23,540 | €76,826 | €21,890 | €15,246 | -€5,838 | -€18,673 | ▼ 220% |
| Operating profit (loss)9901 | -€31 | -€21,216 | €36,918 | -€15,455 | -€21,659 | -€53,307 | -€48,512 | ▲ 9.0% |
| Financial income75/76B | - | - | - | €1,000 | - | - | - | - |
| Recurring financial income75 | €186 | €9 | €2 | €1,000 | - | - | - | - |
| Financial charges65/66B | - | - | - | €4,581 | €5,925 | €7,826 | €6,276 | ▼ 19.8% |
| Recurring financial charges65 | €7,468 | €2,000 | €2,024 | €4,581 | €5,925 | €7,826 | €6,276 | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | -€7,312 | -€23,207 | €34,896 | -€19,036 | -€27,584 | -€61,133 | -€54,788 | ▲ 10.4% |
| Income taxes67/77 | €503 | €497 | €370 | €305 | €311 | €304 | €151 | ▼ 50.2% |
| Profit (loss) for the period9904 | -€7,815 | -€23,703 | €34,527 | -€19,340 | -€27,895 | -€61,437 | -€54,939 | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | -€7,815 | -€23,703 | €34,527 | -€19,340 | -€27,895 | -€61,437 | -€54,939 | ▲ 10.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 6.7% |
| Fixed assets21/28 | €0.9m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €0.9m | ▲ 4.4% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €0.9m | ▲ 4.4% |
| Land and buildings22 | - | - | - | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 5.9% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.009m | €0.009m | €0.006m | ▼ 29.1% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.008m | - | - |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 55.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.2m | €0.1m | €0.04m | ▼ 70.2% |
| Other amounts receivable291 | - | - | - | €0.2m | €0.2m | €0.1m | €0.04m | ▼ 70.2% |
| Stocks and contracts in progress3 | €0.01m | €0.01m | €0.009m | €0.01m | €0.006m | - | - | - |
| Stocks30/36 | - | - | - | €0.01m | €0.006m | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.05m | €0.05m | €0.06m | €0.07m | €0.02m | €0.001m | ▼ 96.1% |
| Trade receivables40 | - | - | - | €0.06m | €0.07m | €0.009m | €0.001m | ▼ 92.4% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.002m | €0.008m | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | ▲ 11.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 55.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 6.7% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 7.6% |
| Contributions10/11 | €0.2m | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Revaluation surpluses12 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €0.01m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.001m | €0.01m | - | - | - |
| Profit (loss) carried forward14 | -€0.01m | -€0.03m | - | -€0.02m | -€0.05m | -€0.1m | -€0.1m | ▼ 57.8% |
| Amounts payable17/49 | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 4.5% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 13.5% |
| Trade debts44 | €0.05m | €0.03m | €0.02m | €0.02m | €0.03m | €0.005m | €0.002m | ▼ 58.2% |
| Suppliers440/4 | - | - | - | €0.02m | €0.03m | €0.005m | €0.002m | ▼ 58.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.003m | €0.003m | €0.003m | ▼ 14.9% |
| Taxes450/3 | - | - | - | €0.002m | €0.003m | €0.003m | €0.003m | ▼ 14.9% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 11.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,815 | -€23,703 | €34,527 | -€19,340 | -€27,895 | -€61,437 | -€54,939 | ▲ 10.6% |
| + Depreciation and write-downs630 | €37,949 | €38,532 | €31,954 | €28,485 | €26,829 | €26,607 | €19,289 | ▼ 27.5% |
| Operating cash flow (approximation) | €30,134 | €14,829 | €66,481 | €9,145 | -€1,066 | -€34,830 | -€35,650 | ▼ 2.4% |
| Investment in fixed assets (approximation) | - | €0 | -€19,049 | €0 | -€15,148 | -€7,671 | -€55,325 | ▼ 621% |
| Change in cash | - | €1,344 | €21,074 | -€4,097 | €823 | -€1,070 | €4,597 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as Walcome has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Walcome itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for Walcome. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 01-03-2026 | 2026-00047128 | |
| 30-09-2024 | abbreviated format | 05-03-2025 | 2025-00045132 | |
| 30-09-2023 | abbreviated format | 13-03-2024 | 2024-00042809 | |
| 30-09-2022 | abbreviated format | 19-12-2022 | 2022-20540236 | |
| 30-09-2021 | abbreviated format | 15-03-2022 | 2022-07700125 | |
| 30-09-2020 | abbreviated format | 05-01-2021 | 2021-00200472 | |
| 30-09-2019 | abbreviated format | 17-03-2020 | 2020-06900258 | |
| 30-09-2018 | abbreviated format | 14-03-2019 | 2019-07100074 | |
| 30-09-2017 | abbreviated format | 08-03-2018 | 2018-06500277 | |
| 30-09-2016 | abbreviated format | 29-03-2017 | 2017-07900088 |