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WALDRYPROCESS

Active
Public limited companyfounded 2011active for 15 yearsRue Herman Meganck,Isnes 21, 5032 Gembloux, BelgiumKBO/BCE: BE 0840.558.349
Summary

WALDRYPROCESS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €668,235 and a net result of €19,297. Equity remains stable across the filed financial years (±2% per year). Its solvency ranks better than 95% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of food products
NACE 10890Manufacture of food products NACE 10860
1 site
Size
€337,987turnover 2025
Staff
1.8 FTE
Equity
€668,235
Profit
€19,297
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Largest shareholder
FERMENTED PRODUCT PARTNER · 30.5%
Board
4 members
2025 accounts 23 days early2 of 8 deeds summarised
Why 88raises riskSector: Manufacture of food products (NACE 10)lowers riskEquity €668,235 (93.0% of total assets)Founded in 2011Figures for financial year 2025 (filed 08-07-2026)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 61% of its sector peers (NACE 10, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 93.0% of total assets
Liquidity 55-7
short-term debt 6.3% · cash 4.0%
Profitability 81+24
return on assets 2.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,079 companies, NACE 10, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.8%▲ +0.2 percentage points vs 05-2025highest value 07-2025: 0.3%▼ -0.5 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.4%▲ +0.1 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%▼ -0.3 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.04, compared with 2.37 in 2024, above the usual 1.5; short-term debt: 6.3% and cash: 4% of total assets), and 7% 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 10, micro): better than 93% on solvency, 57% on liquidity, 69% on profitability and 23% on growth.

The bankruptcy probability was computed on 25-10-2026 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
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Equity €668,235 (93.0% of total assets)
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2025 (filed 08-07-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 days early
2024
57 days early
2023
34 days early
2022
11 days early
2021
5 days early
2020
29 days early
2019
4 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 22 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · 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 8 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €19,297
  3. Annual accounts filedfinancial year 2024 · full…

Financials · financial year 2025, full format

Turnover
€337,987▼ 34.3%
2024 · €514,224
EBIT margin
6.0%▲ 12.6pp
2024 · -6.5%
Net result
€19,297
2024 · -€34,667
Working capital
€137,849▲ 103%
2024 · €68,033
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result returns to profit in 2025: €20,376 after a loss of €33,589 in 2024, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€0.3m 2025 Operating result€0.02m 2025 Net result€0.02m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.6m-€0.5m▼ 14.8%€0.6m▲ 29.4%€0.4m▼ 34.6%€0.5m▲ 13.0%€0.5m▲ 1.3%€0.5m▲ 8.4%€0.3m▼ 34.3%
Operating result€0.02m-€0.02m▲ 14.2%€0.06m▲ 214%-€0.04m€0.006m-€0.08m-€0.03m▲ 56.7%€0.02m
Net result€0.004m-€0.009m▲ 121%€0.05mwithin the sector's middle half▲ 530%-€0.04mbelow the sector's middle half€0.005mwithin the sector's middle half-€0.08mbelow the sector's middle half-€0.03mbelow the sector's middle half▲ 55.0%€0.02mwithin the sector's middle half
EBIT margin2.9%-3.8%▲ 1.0pp9.3%▲ 5.5pp-9.2%▼ 18.5pp1.3%▲ 10.5pp-16.4%▼ 17.6pp-6.5%▲ 9.8pp6.0%▲ 12.6pp
Equity€0.7m-€0.7m▲ 1.2%€0.8mwithin the sector's middle half▲ 8.1%€0.8mwithin the sector's middle half▼ 5.4%€0.8mwithin the sector's middle half▲ 0.4%€0.7mwithin the sector's middle half▼ 10.3%€0.6mwithin the sector's middle half▼ 5.1%€0.7mwithin the sector's middle half▲ 3.0%
Total assets€1.2m-€1.1m▼ 7.1%€1.1mwithin the sector's middle half▲ 1.5%€1.0mwithin the sector's middle half▼ 12.8%€0.9mbelow the sector's middle half▼ 9.1%€0.8mbelow the sector's middle half▼ 8.2%€0.7mbelow the sector's middle half▼ 13.4%€0.7mbelow the sector's middle half▲ 2.9%
Debt€0.4m-€0.3m▼ 20.9%€0.3m▼ 12.5%€0.2m▼ 32.1%€0.1m▼ 43.8%€0.1m▲ 5.5%€0.05m▼ 59.7%€0.05m▲ 1.5%
Working capital€0.05m--€0.05m-€0.02mwithin the sector's middle half▲ 63.9%-€0.04mwithin the sector's middle half▼ 124%€0.05mwithin the sector's middle half€0.03mwithin the sector's middle half▼ 26.4%€0.07mwithin the sector's middle half▲ 97.6%€0.1mwithin the sector's middle half▲ 103%
Solvency62.4%-68.0%▲ 5.6pp72.4%above the sector's middle half▲ 4.4pp78.5%above the sector's middle half▲ 6.1pp86.7%above the sector's middle half▲ 8.2pp84.7%above the sector's middle half▼ 2.0pp92.9%above the sector's middle half▲ 8.2pp93.0%above the sector's middle half▲ 0.1pp
Current ratio1.26-0.75▼ 0.510.92within the sector's middle half▲ 0.180.81below the sector's middle half▼ 0.121.40within the sector's middle half▲ 0.591.28within the sector's middle half▼ 0.122.37above the sector's middle half▲ 1.094.04above the sector's middle half▲ 1.67
Return on assets (ROA)0.3%-0.8%▲ 0.5pp4.9%within the sector's middle half▲ 4.1pp-4.3%below the sector's middle half▼ 9.2pp0.5%within the sector's middle half▲ 4.8pp-9.5%below the sector's middle half▼ 10.1pp-5.0%below the sector's middle half▲ 4.6pp2.7%within the sector's middle half▲ 7.6pp
Staff (FTE)2-2=2below the sector's middle half=2.3below the sector's middle half▲ 15.0%3below the sector's middle half▲ 30.4%3.2below the sector's middle half▲ 6.7%4below the sector's middle half▲ 25.0%1.8below the sector's middle half▼ 55.0%
above within below the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €718,654
Fixed assets €535,423 ▼ 7.8%
Current assets €183,231 ▲ 55.7%
Equity and liabilities €718,654
Equity €668,235 ▲ 3.0%
Debt €50,419 ▲ 1.5%
Debt's share of the balance-sheet total falls from 7.1% to 7.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€87,676▲
2024 · €34,866
Cash flow
€86,597▲
2024 · €33,789
Debt to equity
0.08▼
2024 · 0.08
ROE
2.9%▲
2024 · -5.3%
Interest coverage
66.00▲
2024 · 26.48
Debt ≤ 1 year
€45,383▼
2024 · €49,676
Staff costs
€77,680▼
2024 · €175,560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.7% went bankrupt
4.0% stopped otherwise
95.1% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 10,905 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 · 52 lines
Balance sheet Code20242025
Assets
Total assets20/58€698,614€718,654▲
Fixed assets21/28€580,904€535,423▼
Tangible fixed assets22/27€580,854€535,373▼
Land and buildings22€252,217€238,043▼
Plant, machinery and equipment23€328,275€297,137▼
Furniture and vehicles24€363€193▼
Financial fixed assets28€50€50=
Current assets29/58€117,710€183,231▲
Stocks and contracts in progress3€61-
Stocks30/36€61-
Amounts receivable within one year40/41€45,111€149,374▲
Trade receivables40€26,334€147,706▲
Other amounts receivable41€18,777€1,668▼
Cash at bank and in hand54/58€67,386€29,050▼
Deferred charges and accrued income490/1€5,151€4,808▼
Equity and liabilities
Total equity and liabilities10/49€698,614€718,654▲
Equity10/15€648,938€668,235▲
Contributions10/11€725,000€725,000=
Capital10€725,000€725,000=
Issued capital100€725,000€725,000=
Reserves13€2,250€3,750▲
Non-distributable reserves130/1€2,250€3,750▲
Legal reserve130€2,250€3,750▲
Profit (loss) carried forward14-€78,312-€60,515▲
Investment grants15€0-
Amounts payable17/49€49,676€50,419▲
Amounts payable within one year42/48€49,676€45,383▼
Trade debts44€34,123€29,936▼
Suppliers440/4€34,123€29,936▼
Taxes, remuneration and social security45€15,553€15,446▼
Remuneration and social security454/9€15,553€15,446▼
Accrued charges and deferred income492/3-€5,036
Income statement Code20242025
Turnover70€514,224€337,987▼
Goods, raw materials, services and sundry goods60/61€302,899€170,480▼
Remuneration, social security and pensions62€175,560€77,680▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68,455€67,300▼
Other operating charges640/8€1,751€1,995▲
Non-recurring operating charges66A-€408
Gross operating margin9900€212,178€167,759▼
Operating profit (loss)9901-€33,589€20,376▲
Financial income75/76B€239€250▲
Recurring financial income75€239€250▲
Financial charges65/66B€1,317€1,329▲
Recurring financial charges65€1,317€1,329▲
Profit (loss) for the period before taxes9903-€34,667€19,297▲
Profit (loss) for the period9904-€34,667€19,297▲
Profit (loss) for the period to be appropriated9905-€34,667€19,297▲
Appropriation of the result
Profit (loss) to be appropriated9906-€78,312-€59,015▲
Profit (loss) brought forward from the previous period14P-€43,646-€78,312▼
Transfer to equity691/2-€1,500
To the legal reserve6920-€1,500
Social balance sheet
Average headcount (FTE)90874.01.8▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Turnover70€573,627€488,985€632,771€414,112€468,099€474,275€514,224€337,987▼ 34.3%
Goods, raw materials, services and sundry goods60/61---€237,828€217,353€304,910€302,899€170,480▼ 43.7%
Remuneration, social security and pensions62---€120,545€153,748€159,153€175,560€77,680▼ 55.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74,919€86,559€88,435€90,471€90,539€87,744€68,455€67,300▼ 1.7%
Other operating charges640/8---€4,063€1,395€3,972€1,751€1,995▲ 13.9%
Non-recurring operating charges66A-------€408-
Gross operating margin9900€200,489€218,003€265,648€176,940€251,634€173,319€212,178€167,759▼ 20.9%
Operating profit (loss)9901€16,441€18,775€59,041-€38,138€5,952-€77,551-€33,589€20,376-
Financial income75/76B---€1,893€1,871€1,778€239€250▲ 4.4%
Recurring financial income75€13€47€3,614€1,893€1,871€1,778€239€250▲ 4.4%
Financial charges65/66B---€5,442€3,147€1,304€1,317€1,329▲ 0.9%
Recurring financial charges65€12,544€10,183€8,258€5,442€2,822€1,304€1,317€1,329▲ 0.9%
Non-recurring financial charges66B----€325----
Profit (loss) for the period before taxes9903€3,910€8,639€54,397-€41,687€4,676-€77,077-€34,667€19,297-
Profit (loss) for the period9904€3,910€8,639€54,397-€41,687€4,676-€77,077-€34,667€19,297-
Profit (loss) for the period to be appropriated9905€3,910€8,639€54,397-€41,687€4,676-€77,077-€34,667€19,297-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.2m€1.1m€1.1m€1.0m€0.9m€0.8m€0.7m€0.7m▲ 2.9%
Fixed assets21/28€0.9m€0.9m€0.9m€0.8m€0.7m€0.6m€0.6m€0.5m▼ 7.8%
Intangible fixed assets21€0.002m--------
Tangible fixed assets22/27€0.9m€0.9m€0.9m€0.8m€0.7m€0.6m€0.6m€0.5m▼ 7.8%
Land and buildings22---€0.3m€0.3m€0.3m€0.3m€0.2m▼ 5.6%
Plant, machinery and equipment23---€0.5m€0.4m€0.4m€0.3m€0.3m▼ 9.5%
Furniture and vehicles24----€0.001m€0.001m€363€193▼ 46.7%
Financial fixed assets28€50€50€50€50€50€50€50€50=
Current assets29/58€0.3m€0.1m€0.2m€0.2m€0.2m€0.2m€0.1m€0.2m▲ 55.7%
Stocks and contracts in progress3€0.008m€0.01m€0.009m€0.006m€0.01m€0.001m€61--
Stocks30/36---€0.006m€0.01m€0.001m€61--
Amounts receivable within one year40/41€0.1m€0.1m€0.08m€0.09m€0.04m€0.09m€0.05m€0.1m▲ 231%
Trade receivables40---€0.07m€0.03m€0.07m€0.03m€0.1m▲ 461%
Other amounts receivable41---€0.02m€0.004m€0.01m€0.02m€0.002m▼ 91.1%
Cash at bank and in hand54/58€0.1m€0.03m€0.1m€0.07m€0.1m€0.06m€0.07m€0.03m▼ 56.9%
Deferred charges and accrued income490/1---€0.005m€0.005m€0.005m€0.005m€0.005m▼ 6.7%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.1m€1.1m€1.0m€0.9m€0.8m€0.7m€0.7m▲ 2.9%
Equity10/15€0.7m€0.7m€0.8m€0.8m€0.8m€0.7m€0.6m€0.7m▲ 3.0%
Contributions10/11€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m=
Capital10---€0.7m€0.7m€0.7m€0.7m€0.7m=
Issued capital100---€0.7m€0.7m€0.7m€0.7m€0.7m=
Reserves13€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.004m▲ 66.7%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.004m▲ 66.7%
Legal reserve130---€0.002m€0.002m€0.002m€0.002m€0.004m▲ 66.7%
Profit (loss) carried forward14€0.007m€0.02m€0.07m€0.03m€0.03m-€0.04m-€0.08m-€0.06m▲ 22.7%
Investment grants15---€0.004m€0.002m€181€0--
Amounts payable17/49€0.4m€0.3m€0.3m€0.2m€0.1m€0.1m€0.05m€0.05m▲ 1.5%
Amounts payable after more than one year17€0.2m€0.2m€0.07m------
Amounts payable within one year42/48€0.2m€0.2m€0.2m€0.2m€0.1m€0.1m€0.05m€0.05m▼ 8.6%
Current portion of amounts payable after more than one year42---€0.07m€0.005m----
Trade debts44€0.1m€0.03m€0.1m€0.1m€0.07m€0.1m€0.03m€0.03m▼ 12.3%
Suppliers440/4---€0.1m€0.07m€0.1m€0.03m€0.03m▼ 12.3%
Taxes, remuneration and social security45---€0.01m€0.03m€0.01m€0.02m€0.02m▼ 0.7%
Taxes450/3----€0.02m----
Remuneration and social security454/9---€0.01m€0.01m€0.01m€0.02m€0.02m▼ 0.7%
Other amounts payable47/48----€0.009m----
Accrued charges and deferred income492/3---€199€16--€0.005m-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€3,910€8,639€54,397-€41,687€4,676-€77,077-€34,667€19,297-
+ Depreciation and write-downs630€74,919€86,559€88,435€90,471€90,539€87,744€68,455€67,300▼ 1.7%
Operating cash flow (approximation)€78,829€95,197€142,831€48,784€95,215€10,668€33,789€86,597▲ 156%
Investment in fixed assets (approximation)--€118,240-€32,957€0-€6,518-€21,259€0-€21,818-
Change in cash--€97,314€94,623-€53,907€38,845-€44,667€3,140-€38,336-

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

Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 08-07-2026 2026-00292602
31-12-2024 full format 04-06-2025 2025-00134002
31-12-2023 full format 27-06-2024 2024-00203128
31-12-2022 full format 20-07-2023 2023-00269415
31-12-2021 full format 26-07-2022 2022-20230856
31-12-2020 full format 02-07-2021 2021-31700298
31-12-2019 full format 04-08-2020 2020-39300401
31-12-2018 full format 08-07-2019 2019-30200358
31-12-2017 full format 21-06-2018 2018-21800187
31-12-2016 full format 19-06-2017 2017-19600197

Show all 14 filings

Similar companies · same sector, comparable size

Of the 391 active companies whose main activity is manufacture of food products (NACE 10890), figures are known for 226. 120 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
4 directors, 1 in day-to-day management, last change in 2024

Board 4

Philippe Thonart
Chair · since 08-01-2024
Current
Current
Current
Slim ZGOULLI
Director
Current

Day-to-day management 1

Philippe Thonart
Managing director · since 08-01-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
6 of this company's 8 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

4 people since 2023, 4 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Marie-Anne HENRARD
  • Director, since before 09-08-2023
Micheline ROUER
  • Director, since before 09-08-2023
Philippe Thonart
  • Managing director, since before 09-08-2023
  • Chair, from 08-01-2024 to date
Slim ZGOULLI
  • Director, since before 09-08-2023
See the board, name and registered office on a given date →

Owners and capital

Owners

2 owners

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

4 current directors
Depth

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History

On 25 October 2011, WALDRYPROCESS was incorporated.1 Turnover went from €573,627 in 2018 to €337,987 in 2025 and headcount from 2 to 1.8 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
financial year 2025 · full format
2025
31-12
Financial Back to profitnet €19,297
Net result €19,297 after 2 loss-making years.
04-06
NBB filing Annual accounts filed
financial year 2024 · full format
2024
27-06
NBB filing Annual accounts filed
financial year 2023 · full format
08-01
Gazette deed Appointment: Philippe THONART (chair)
Amendment of the articles · Kind of shares · Declaration19 facts ▸
  • General meeting, 20-12-2023
  • Amendment of the articles (2 times)
  • Other provision, “dispense de lecture du rapport du conseil d'administration, copie reçue antérieurement” (deed in French)
  • Kind of shares, “suppression des classes d'actions, capital actuellement repris par mille actions” (deed in French)
  • Other provision, “courrier du 2023-12-07 annexé par le notaire, prise en compte lors de la coordination des statuts” (deed in French)
  • Other provision, “intermédiaire, relais de demande dans le cadre de l'article 7:155 du CSA” (deed in French)
  • Declaration, 07-12-2023
  • Capital, €725,000
  • Other provision, “historique du capital”, 725000 (deed in French)
  • Registered office clause, “rue Herman Meganck,21,5032-Isnes,Gembloux” (deed in French)
  • Power of attorney
  • Board composition, Philippe THONART (director)
  • +7 further facts in this act
2023
31-12
Financial Weakest financial yearnet -€77,077
Net result drops to -€77,077, the lowest in the series; recovery starts the following year.
09-08
Gazette deed Reappointments: Micheline ROUER, Marie-Anne HENRARD and 2 others
5 facts ▸
  • General meeting, 03-05-2023
  • Director reappointment, Micheline ROUER (director)
  • Director reappointment, Marie-Anne HENRARD (director)
  • Director reappointment, Slim ZGOULLI (director)
  • Director reappointment, Philippe Thonart (managing director)
20-07
NBB filing Annual accounts filed
financial year 2022 · full format
2022
31-12
Financial Back to profitnet €4,676
Net result €4,676 after one loss-making year.
26-07
NBB filing Annual accounts filed
financial year 2021 · full format
2021
02-07
NBB filing Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial Highest result from 2018 to 2025net €54,397 ▲530%
Operating result €59,041, net result €54,397, both a record.
Show earlier events
04-08
NBB filing Annual accounts filed
financial year 2019 · full format · 4 days late
2019
08-07
NBB filing Annual accounts filed
financial year 2018 · full format
2018
21-06
NBB filing Annual accounts filed
financial year 2017 · full format
2017
19-06
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
2 of 8 deeds read
About the unread acts

Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPublic limited company
Founded25-10-2011
Financial year end31-12
Activities, NACEBEL 2025
10860Manufacture of food products
10890Manufacture of food products
10311Manufacture of food products
10391Manufacture of food products
10392Manufacture of food products
10910Manufacture of food products
72101Research and development on biotechnology
72109Other research and development on natural sciences
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0840558349
Registered 16-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

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

Recognitions · licences · registrations

Food safety, FASFC

1 site
Gemblouxunit no. 2.204.221.664
2 permissions
Fabrikant voedermiddelen · since 01-09-2014
Authorisation · Fabrikant andere levensmiddelen · since 01-06-2013

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Gembloux · 1 establishment unit since 2011
registered office establishment The establishment unit on the map
Ground area
2,632 m²
Building footprint
1,070 m²
Building volume
7,760 m³
Parcel 92065B0060/00G003, Wallonia · tallest building 11.7 m. Linked by address, not a title deed.
1 establishment unit
Rue Herman Meganck,Isnes 21, 5032 Gembloux
Manufacture of food products
since 2011unit no. 2.204.221.664
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
92065B0060/00G003 Wallonia 2,632 m² 1 · 1,070 m² 11.7 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“La production,le séchage et la commercialisation de tout produit notamment de produits végétaux,de microorganismes,de tout produit…” (deed in French)
10 activities (deed in French)
  1. La production,le séchage et la commercialisation de tout produit notamment de produits végétaux,de microorganismes,de tout produit alimentaire
  2. L'étude,le conseil,la consultation,l'expertise,l'ingénierie et toutes prestations de services dans le cadre des activités prédécrites
  3. La réalisation,pour son compte propre,de toutes opérations foncières et immobilières
  4. L’achat,la vente,l'échange,la construction,la reconstruction,la démolition,la transformation,l'exploitation,la location et la gérance de tous immeubles bâtis,meublés ou non
  5. L’achat,la vente,l'échange,la mise en valeur,le lotissement,l'exploitation,la location et l'affermage de tous immeubles non bâtis
  6. Donner à bail ses installations et exploitations ou les donner à gérer à des tiers,en tout ou en partie
  7. Réaliser toutes opérations commerciales,industrielles,financières,mobilières ou immobilières ayant un rapport direct ou indirect avec son objet social ou de nature à en favoriser la réalisation
  8. S'intéresser par voie d’association,d’apport,de souscription,de cession,de participation,de fusion,d'intervention financière ou autrement,dans toutes sociétés,associations et entreprises dont l'objet est analogue ou connexe au sien ou susceptible de favoriser son développement ou de constituer pour elle une source de débouchés
  9. Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société,liée ou non
  10. Être administrateur,gérant ou liquidateur

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
WALDRYPROCESS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, établir ou supprimer sièges administratifs,agences,ateliers,dépôts,succursales en Belgique et à l'étranger” (deed in French)

deed of 08-01-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Candidat le plus âgé élu, administrateurs restants ont droit de coopter” (deed in French)
“Lieu indiqué convocation,à défaut siège social, chaque fois que intérêt société exige” (deed in French)
“Assemblée peut allouer, assemblée générale décide à chaque nomination si et mesure fixe ou variable” (deed in French)
3 more provisions on this in the deed
Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
One provision in the deed

deed of 08-01-2024

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Cessions et transmissions à titre onéreux ou gratuit à des tiers non actionnaires, moitié à charge du cédant et moitié à charge du ou des…” (deed in French)

deed of 08-01-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Wednesday of May at 18:00

deed of 08-01-2024

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Désignation des liquidateurs, Article 37” (deed in French)
“Article 38, toutes opérations prévues par la loi” (deed in French)
“Paiement dettes,charges,frais ou consignation, Article 39” (deed in French)

deed of 08-01-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Augmentation et réduction du capital, réserves incorporées avec attribution de nouvelles actions en démembrement” (deed in French)
Other provision: “Augmentation de capital,émission d’obligations convertibles ou de droits de souscription, droit de préférence en cas de souscription en…” (deed in French)
Other provision: “Reste tenu de la différence ou profite de l'excédent, Appels de fonds” (deed in French)
Other provision: “Nominatives, Nature des actions” (deed in French)
Other provision: “Nominatifs, Nature des autres titres” (deed in French)
Other provision: “Indivisibilité des actions, indivisible” (deed in French)
Other provision: “Contrôle de la société, un ou plusieurs commissaires nommés selon dispositions légales” (deed in French)
Other provision: “Admission à assemblée générale, inscription registre titres nominatifs catégorie” (deed in French)
Other provision: “Représentation à assemblée générale, selon loi si formalités admission accomplies et mandataire lui-même actionnaire” (deed in French)
Other provision: “Liste de présences, tous actionnaires ou mandataires présents” (deed in French)
Other provision: “Vote par correspondance, tout actionnaire peut voter” (deed in French)
Other provision: “Composition du bureau, personnes citées avec administrateurs présents” (deed in French)
Other provision: “Délibération assemblée générale, pas de délibération hors ordre du jour” (deed in French)
Other provision: “Droit de vote, Article 31” (deed in French)
Other provision: “Procès-verbaux de l'assemblée générale, liste de présences,rapports,procurations,votes par correspondance” (deed in French)
Other provision: “Assemblée annuelle à la majorité sur proposition du conseil, Affectation des bénéfices” (deed in French)
Other provision: “Paiement des dividendes et acomptes, avant fin de l'exercice de fixation du dividende” (deed in French)
Other provision: “Litiges, Article 40” (deed in French)
Other provision: “Election de domicile, Article 41” (deed in French)
Other provision: “Application du Code des sociétés et des associations, Article 42” (deed in French)
4 more provisions in the deed, see the deed of 08-01-2024

deed of 08-01-2024