Skip to content

WALDBADEN

Active
Private limited companyfounded 20223 yrs activeElsenborn,Steffesgasse 9, 4750 Bütgenbach, BelgiumKBO/BCE: BE 0795.514.618
Summary

The computed 12-month bankruptcy probability of WALDBADEN is 1.8% (moderate). The annual accounts of WALDBADEN for fiscal year 2025 show a net loss of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €67,256 and a net result of -€71,276. Equity is growing by ~37.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 1317 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability11▲+7
Solvency31▼-26
Growth52=
Track record94
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.22 against 1.65 in 2024; short-term debt: 5.9% of total assets), and 93.8% 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

Five signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
232425
2023 to 2025 · latest year -€71,276
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 · 3 filings
Deviation from the deadline
2025
42 d late
2024
28 d late
2023
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 December 2022, WALDBADEN was incorporated as a Private limited company.1 Total assets went from EUR 52,496 in 2023 to EUR 1.1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

Go further with this company

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 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€71,276▼ 37.5%
2024 · -€51,825
Working capital
-€49,489
2024 · €59,783
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line202320242025
Operating result-€3,007--€50,177▼ 1,568%-€73,835▼ 47.1%
Net result-€3,043--€51,825below the sector's middle half▼ 1,603%-€71,276below the sector's middle half▼ 37.5%
Equity€16,957-€138,532within the sector's middle half▲ 717%€67,256within the sector's middle half▼ 51.5%
Total assets€52,496-€437,123within the sector's middle half▲ 733%€1.1mabove the sector's middle half▲ 148%
Debt€35,539-€298,591▲ 740%€1.0m▲ 240%
Working capital-€24,110-€59,783-€49,489
Solvency32.3%-31.7%within the sector's middle half▼ 0.6pp6.2%within the sector's middle half▼ 25.5pp
above within below the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0Operating result 2023: -€3,007-€3,007Net result 2023: -€3,043-€3,043Operating result 2024: -€50,177-€50,177Net result 2024: -€51,825-€51,825Operating result 2025: -€73,835-€73,835Net result 2025: -€71,276-€71,276202320242025-€80,000-€60,000-€40,000-€20,000€0Operating result 2023: -€3,007-€3,010Net result 2023: -€3,043-€3,040Operating result 2024: -€50,177-€50,200Net result 2024: -€51,825-€51,800Operating result 2025: -€73,835-€73,800Net result 2025: -€71,276-€71,300202320242025
The operating result stays negative: a loss of €73,835 in 2025 against €50,177 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets €1.1m ▲ 274%
Current assets €13,993 ▼ 90.7%
Equity and liabilities €1.1m
Equity €67,256 ▼ 51.5%
Debt €1.0m ▲ 240%
Debt's share of the balance-sheet total rises from 68.3% to 93.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€68,363▼
2024 · -€44,705
Cash flow
-€65,803▼
2024 · -€46,352
Current ratio
0.22▼
2024 · 1.65
Debt to equity
15.12▲
2024 · 2.16
ROE
-106.0%▼
2024 · -37.4%
ROA
-6.6%▲
2024 · -11.9%
Interest coverage
-1248.64▼
2024 · -16.32
Debt ≤ 1 year
€63,481▼
2024 · €91,411
Debt > 1 year
€948,744▲
2024 · €207,180
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 865 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
1.3% went bankrupt
1.6% stopped otherwise
97% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 865 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€437,123€1.1m▲
Fixed assets21/28€285,929€1.1m▲
Tangible fixed assets22/27€285,929€1.1m▲
Land and buildings22€11,111€20,312▲
Plant, machinery and equipment23€16,303€12,019▼
Furniture and vehicles24€4,685€3,497▼
Assets under construction and advance payments27€253,830€1.0m▲
Current assets29/58€151,193€13,993▼
Amounts receivable within one year40/41€34,469€4,806▼
Trade receivables40€33,078-
Other amounts receivable41€1,391€4,806▲
Current investments50/53-€7,332
Cash at bank and in hand54/58€114,438-
Deferred charges and accrued income490/1€2,287€1,854▼
Equity and liabilities
Total equity and liabilities10/49€437,123€1.1m▲
Equity10/15€138,532€67,256▼
Contributions10/11€193,400€193,400=
Profit (loss) carried forward14-€54,868-€126,144▼
Amounts payable17/49€298,591€1.0m▲
Amounts payable after more than one year17€207,180€948,744▲
Financial debts170/4€207,180€948,744▲
Amounts payable within one year42/48€91,411€63,481▼
Current portion of amounts payable after more than one year42€5,357€13,680▲
Trade debts44€86,054€49,801▼
Suppliers440/4€86,054€49,801▼
Accrued charges and deferred income492/3-€4,405
Income statement Code20242025
Remuneration, social security and pensions62€502-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,472€5,472=
Other operating charges640/8€877€1,088▲
Gross operating margin9900-€43,325-€67,275▼
Operating profit (loss)9901-€50,177-€73,835▼
Financial income75/76B€1,116€2,614▲
Recurring financial income75€1,116€2,614▲
Financial charges65/66B€2,739€55▼
Recurring financial charges65€2,739€55▼
Profit (loss) for the period before taxes9903-€51,801-€71,276▼
Income taxes67/77€24-
Profit (loss) for the period9904-€51,825-€71,276▼
Profit (loss) for the period to be appropriated9905-€51,825-€71,276▼
Appropriation of the result
Profit (loss) to be appropriated9906-€54,868-€126,144▼
Profit (loss) brought forward from the previous period14P-€3,043-€54,868▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62-€502--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€314€5,472€5,472=
Other operating charges640/8-€877€1,088▲ 24.0%
Gross operating margin9900-€2,693-€43,325-€67,275▼ 55.3%
Operating profit (loss)9901-€3,007-€50,177-€73,835▼ 47.1%
Financial income75/76B-€1,116€2,614▲ 134%
Recurring financial income75-€1,116€2,614▲ 134%
Financial charges65/66B€36€2,739€55▼ 98.0%
Recurring financial charges65€36€2,739€55▼ 98.0%
Profit (loss) for the period before taxes9903-€3,043-€51,801-€71,276▼ 37.6%
Income taxes67/77-€24--
Profit (loss) for the period9904-€3,043-€51,825-€71,276▼ 37.5%
Profit (loss) for the period to be appropriated9905-€3,043-€51,825-€71,276▼ 37.5%
Line202320242025Change
Assets
Total assets20/58€52,496€437,123€1.1m▲ 148%
Fixed assets21/28€41,067€285,929€1.1m▲ 274%
Tangible fixed assets22/27€41,067€285,929€1.1m▲ 274%
Land and buildings22€14,606€11,111€20,312▲ 82.8%
Plant, machinery and equipment23€20,587€16,303€12,019▼ 26.3%
Furniture and vehicles24€5,874€4,685€3,497▼ 25.4%
Assets under construction and advance payments27-€253,830€1.0m▲ 307%
Current assets29/58€11,428€151,193€13,993▼ 90.7%
Amounts receivable within one year40/41€296€34,469€4,806▼ 86.1%
Trade receivables40€294€33,078--
Other amounts receivable41€2€1,391€4,806▲ 245%
Current investments50/53--€7,332-
Cash at bank and in hand54/58€11,133€114,438--
Deferred charges and accrued income490/1-€2,287€1,854▼ 18.9%
Equity and liabilities
Total equity and liabilities10/49€52,496€437,123€1.1m▲ 148%
Equity10/15€16,957€138,532€67,256▼ 51.5%
Contributions10/11€20,000€193,400€193,400=
Profit (loss) carried forward14-€3,043-€54,868-€126,144▼ 130%
Amounts payable17/49€35,539€298,591€1.0m▲ 240%
Amounts payable after more than one year17-€207,180€948,744▲ 358%
Financial debts170/4-€207,180€948,744▲ 358%
Amounts payable within one year42/48€35,539€91,411€63,481▼ 30.6%
Current portion of amounts payable after more than one year42-€5,357€13,680▲ 155%
Trade debts44€5,284€86,054€49,801▼ 42.1%
Suppliers440/4€5,284€86,054€49,801▼ 42.1%
Other amounts payable47/48€30,255---
Accrued charges and deferred income492/3--€4,405-
Line202320242025Change
Profit (loss) for the period9904-€3,043-€51,825-€71,276▼ 37.5%
+ Depreciation and write-downs630€314€5,472€5,472=
Operating cash flow (approximation)-€2,729-€46,352-€65,803▼ 42.0%
Investment in fixed assets (approximation)--€250,335-€789,437▼ 215%
Change in cash-€103,305--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
11-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
11-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2025
31-12
Financial Weakest financial yearnet -€71,276
Net result drops to -€71,276, the lowest in the series.
28-08
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema · 28 days late
2024
31-12
Financial Liquidity times 5current ratio 1.65
Current ratio from 0.32 to 1.65.
31-12
Financial Equity above €100,000Eq €138,532 ▲717%
Equity rises from €16,957 to €138,532.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Bütgenbach · 1 establishment unit since 2022
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.

Elsenborn,Steffesgasse 94750 Bütgenbach
1 establishment unit
WALDBADEN
Elsenborn,Steffesgasse 9, 4750 BütgenbachHoliday cottages, homes and apartments
since 20222.339.874.085

Recognitions · licences · registrations

Food safety, FASFC

1 site
Bütgenbach/Butgenbach2.339.874.085
1 permission
Toelating · Eetgelegenheid · since 01-03-2026

Similar companies · same sector, comparable size

Of 2,393 companies in sector 55100 we hold annual accounts for 1,515. 968 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
Founded29-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
56111Full-service restaurants
56210Event catering
56301Cafés and bars
Contact
E-mail waldbadenstore@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795514618
Also 9925:BE0795514618
Registered 24-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.