WALDERS
ActiveSummary
WALDERS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €545k and a net result of €54k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 18936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+11
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.04 against 3.61 in 2023; short-term debt: 14% and cash: 41.2% of total assets), and 17.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.1%
Return on assets
8.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
50 d early
2022
49 d early
2021
33 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€545k▲ 10.9%
2023 · €492k
2018: €377klowest in 7 years
2019: €409k▲ +8.4% vs 2018
2020: €389k▼ -4.8% vs 2019
2021: €589k▲ +51.4% vs 2020highest in 7 years
2022: €494k▼ -16.1% vs 2021
2023: €492k▼ -0.5% vs 2022
2024: €545k▲ +10.9% vs 2023
2018 → 2024
Total assets
€664k▲ 9.0%
2023 · €609k
2018: €518k
2019: €532k▲ +2.6% vs 2018
2020: €492k▼ -7.4% vs 2019lowest in 7 years
2021: €800k▲ +62.4% vs 2020highest in 7 years
2022: €632k▼ -21.0% vs 2021
2023: €609k▼ -3.5% vs 2022
2024: €664k▲ +9.0% vs 2023
2018 → 2024
Net result
€54k
2023 · €-2k
2018: €44k
2019: €32k▼ -28.9% vs 2018
2020: €37k▲ +16.4% vs 2019
2021: €200k▲ +445% vs 2020highest in 7 years
2022: €-95k▼ -147% vs 2021lowest in 7 years
2023: €-2k▲ +97.5% vs 2022
2024: €54k▲ +2357% vs 2023
2018 → 2024
Working capital
€191k▼ 10.1%
2023 · €212k
2018: €219k
2019: €267k▲ +21.6% vs 2018
2020: €250k▼ -6.3% vs 2019
2021: €402k▲ +60.8% vs 2020highest in 7 years
2022: €335k▼ -16.7% vs 2021
2023: €212k▼ -36.7% vs 2022
2024: €191k▼ -10.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€389k-€589k▲ 51.4%€494k▼ 16.1%€492k▼ 0.5%€545k▲ 10.9%
2020: €389klowest in 5 years
2021: €589k▲ +51.4% vs 2020highest in 5 years
2022: €494k▼ -16.1% vs 2021
2023: €492k▼ -0.5% vs 2022
2024: €545k▲ +10.9% vs 2023
Operating result€48k-€299k▲ 518%€-93k€-321▲ 99.7%€55k
2020: €48k
2021: €299k▲ +518% vs 2020highest in 5 years
2022: €-93k▼ -131% vs 2021lowest in 5 years
2023: €-321▲ +99.7% vs 2022
2024: €55k▲ +17297% vs 2023
Net result€37k-€200k▲ 445%€-95k€-2k▲ 97.5%€54k
2020: €37k
2021: €200k▲ +445% vs 2020highest in 5 years
2022: €-95k▼ -147% vs 2021lowest in 5 years
2023: €-2k▲ +97.5% vs 2022
2024: €54k▲ +2357% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €55k after a loss of €321 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €664k
Fixed assets
€380k ▲ 20.3%
Current assets
€284k ▼ 3.2%
Equity and liabilities €664k
Equity
€545k ▲ 10.9%
Debt
€119k ▲ 1.1%
Debt's share of the balance-sheet total falls from 19.2% to 17.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92k▲
2023 · €31k
Cash flow
€90k▲
2023 · €29k
Current ratio
3.04▼
2023 · 3.61
Quick ratio
2.99▼
2023 · 3.55
Debt to equity
0.22▼
2023 · 0.24
ROE
9.8%▲
2023 · -0.5%
ROA
8.1%▲
2023 · -0.4%
Interest coverage
30.37▲
2023 · 18.64
Debt ≤ 1 year
€93k▲
2023 · €81k
Debt > 1 year
€25k▼
2023 · €36k
Income taxes
€716▼
2023 · €789
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€609k€664k▲
Fixed assets21/28€316k€380k▲
Intangible fixed assets21€101k€90k▼
Tangible fixed assets22/27€215k€291k▲
Land and buildings22€164k€156k▼
Plant, machinery and equipment23€30k€25k▼
Furniture and vehicles24€10k€100k▲
Other tangible fixed assets26€12k€9k▼
Current assets29/58€293k€284k▼
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€16k€428▼
Trade receivables40€15k€86▼
Other amounts receivable41€268€343▲
Cash at bank and in hand54/58€272k€274k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€609k€664k▲
Equity10/15€492k€545k▲
Contributions10/11€13k€13k=
Reserves13€482k€482k=
Distributable reserves133€482k€482k=
Profit (loss) carried forward14€-2k€51k▲
Amounts payable17/49€117k€119k▲
Amounts payable after more than one year17€36k€25k▼
Financial debts170/4€36k€25k▼
Amounts payable within one year42/48€81k€93k▲
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€3k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€65k€70k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€36k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k€-923▲
Other operating charges640/8€3k€9k▲
Gross operating margin9900€32k€100k▲
Operating profit (loss)9901€-321€55k▲
Financial income75/76B€401€2k▲
Recurring financial income75€401€2k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-2k€54k▲
Income taxes67/77€789€716▼
Profit (loss) for the period9904€-2k€54k▲
Profit (loss) for the period to be appropriated9905€-2k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€51k▲
Profit (loss) brought forward from the previous period14P-€-2k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €35k | €38k | €31k | €36k | ▲ 16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €7k | €-1k | €-1k | €-923 | ▲ 31.9% |
| Other operating charges640/8 | - | €2k | €3k | €3k | €9k | ▲ 256% |
| Gross operating margin9900 | €82k | €343k | €-54k | €32k | €100k | ▲ 210% |
| Operating profit (loss)9901 | €48k | €299k | €-93k | €-321 | €55k | ▲ 17,297% |
| Financial income75/76B | - | - | - | €401 | €2k | ▲ 404% |
| Recurring financial income75 | €99 | - | - | €401 | €2k | ▲ 404% |
| Financial charges65/66B | - | €2k | €1k | €2k | €3k | ▲ 81.6% |
| Recurring financial charges65 | €2k | €1k | €1k | €2k | €3k | ▲ 81.6% |
| Non-recurring financial charges66B | - | €893 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €47k | €297k | €-94k | €-2k | €54k | ▲ 3,528% |
| Income taxes67/77 | €10k | €97k | €933 | €789 | €716 | ▼ 9.2% |
| Profit (loss) for the period9904 | €37k | €200k | €-95k | €-2k | €54k | ▲ 2,357% |
| Profit (loss) for the period to be appropriated9905 | €37k | €200k | €-95k | €-2k | €54k | ▲ 2,357% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €492k | €800k | €632k | €609k | €664k | ▲ 9.0% |
| Fixed assets21/28 | €191k | €224k | €186k | €316k | €380k | ▲ 20.3% |
| Intangible fixed assets21 | - | - | - | €101k | €90k | ▼ 10.9% |
| Tangible fixed assets22/27 | €191k | €224k | €186k | €215k | €291k | ▲ 34.9% |
| Land and buildings22 | - | €179k | €171k | €164k | €156k | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | - | €30k | €25k | ▼ 17.3% |
| Furniture and vehicles24 | - | €45k | €15k | €10k | €100k | ▲ 882% |
| Other tangible fixed assets26 | - | - | - | €12k | €9k | ▼ 18.8% |
| Current assets29/58 | €301k | €576k | €445k | €293k | €284k | ▼ 3.2% |
| Stocks and contracts in progress3 | - | - | - | €5k | €5k | ▼ 0.6% |
| Stocks30/36 | - | - | - | €5k | €5k | ▼ 0.6% |
| Amounts receivable within one year40/41 | €39k | €151k | €405 | €16k | €428 | ▼ 97.3% |
| Trade receivables40 | - | €151k | €260 | €15k | €86 | ▼ 99.4% |
| Other amounts receivable41 | - | €145 | €145 | €268 | €343 | ▲ 27.6% |
| Cash at bank and in hand54/58 | €262k | €423k | €444k | €272k | €274k | ▲ 0.5% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €492k | €800k | €632k | €609k | €664k | ▲ 9.0% |
| Equity10/15 | €389k | €589k | €494k | €492k | €545k | ▲ 10.9% |
| Contributions10/11 | - | €13k | €13k | €13k | €13k | = |
| Reserves13 | €377k | €577k | €482k | €482k | €482k | = |
| Distributable reserves133 | - | €577k | €482k | €482k | €482k | = |
| Profit (loss) carried forward14 | - | - | - | €-2k | €51k | ▲ 2,257% |
| Amounts payable17/49 | €103k | €211k | €137k | €117k | €119k | ▲ 1.1% |
| Amounts payable after more than one year17 | €52k | €37k | €26k | €36k | €25k | ▼ 29.5% |
| Financial debts170/4 | - | €37k | €26k | €36k | €25k | ▼ 29.5% |
| Amounts payable within one year42/48 | €51k | €174k | €111k | €81k | €93k | ▲ 14.7% |
| Current portion of amounts payable after more than one year42 | - | €15k | €10k | €10k | €11k | ▲ 10.1% |
| Financial debts43 | - | €4k | - | - | - | - |
| Credit institutions430/8 | - | €4k | - | - | - | - |
| Trade debts44 | €657 | €3k | €11k | €2k | €6k | ▲ 196% |
| Suppliers440/4 | - | €3k | €11k | €2k | €6k | ▲ 196% |
| Taxes, remuneration and social security45 | - | €145k | €83k | €3k | €5k | ▲ 63.8% |
| Taxes450/3 | - | €145k | €83k | €3k | €3k | ▲ 2.5% |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | €7k | €6k | €65k | €70k | ▲ 6.9% |
| Accrued charges and deferred income492/3 | - | - | €333 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €200k | €-95k | €-2k | €54k | ▲ 2,357% |
| + Depreciation and write-downs630 | €31k | €35k | €38k | €31k | €36k | ▲ 16.4% |
| Operating cash flow (approximation) | €67k | €235k | €-57k | €29k | €90k | ▲ 211% |
| Investment in fixed assets (approximation) | - | €-67k | €0 | €-161k | €-101k | ▲ 37.5% |
| Change in cash | - | €161k | €20k | €-171k | €1k | ▲ 101% |
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
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €54k
Net result €54k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €545k ▲10.9%
Equity rises from €492k to €545k.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €200k ▲445%
Operating result €299k, net result €200k, both a record.
31-12
Financial
Equity above €500kEq €589k ▲51.4%
4 profitable years in a row build equity to €589k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Erezée · 1 establishment unit since 2023
Ground area
7,183 m²
Building footprint
159 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Les Trois Frontières
since 20232.168.388.973
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82004B0408/00N000 | Wallonia | 5,850 m² | - | - |
| 83013A0893/00F000 | Wallonia | 1,334 m² | 1 · 159 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGouvy2.168.388.973
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Of 1,351 companies in sector 56220 we hold annual accounts for 406. 208 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
Founded21-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56220Contract catering and other food service activities
47279Other retail sale of food
56112Limited-service restaurants, excluding mobile food services
68310Real estate agency activities
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.