Equity
Equity fell by 44% in 2 years.
Equity fell by 44% in 2 years.
From profit to loss in 2025, after a profit of €77,398 in 2024.
Short-term debts rose from €113,277 to €333,103.
The last five annual accounts were filed 31 to 120 days before the end of the period.
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 70, micro). It does better than 37% of them on solvency, 28% on liquidity, 10% on profitability and 23% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 929 companies had the same profile as Wale Construct has now. Each dot stands for 3 companies, two years later.
The bankruptcy probability of Wale Construct itself is lower: 0.1% within 12 months. It rests on far more data about Wale Construct than the profile alone.
The method was tested on the 497,447 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 929 companies, not a prediction for Wale Construct. 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.
Liquidity is ample, with a current ratio of 2.03 (7.33 in 2024), above the usual 1.5. Short-term debt is 48.3% and cash 17.5% of total assets. However, 61.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 58 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Wale Construct Izegem | €690,126 | -€39,697 | 38.8% | - |
| DERA Izegem | €746,879 | -€78,807 | 48.0% | - |
| Zimess Zwevegem | €711,160 | €773 | 99.2% | - |
| Pure Lynn Oudenburg | €553,120 | -€1,862 | 50.9% | - |
| MAPAT Schilde | €643,485 | -€29,344 | -9.5% | - |
| Miebach Consulting Benelux Leuven | €740,244 | -€62,916 | -133.2% | - |
| Re.Al Value Capital Brasschaat | €668,083 | -€4,658 | 64.0% | 0 |
These companies have the same main activity as Wale Construct: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €553,000 and €747,000, founded between 2019 and 2021.
Wale Construct files the micro format. That format states no turnover. The gross margin fell from €13,131 in 2020 to -€39,697 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Higher than 36% of 39,364 companies in 2025.
Higher than 49% of 38,048 companies in 2025.
Higher than 10% of 38,520 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
690,126 | 843,259 | 674,480 | 540,260 | 160,849 | 60,146 | |
21/28 |
12,271 | 12,386 | 349,379 | 20,256 | 29,163 | 32,748 | |
22/27 |
12,271 | 12,386 | 349,379 | 20,256 | 29,163 | 32,748 | |
22 |
- | - | 338,031 | - | - | - | |
23 |
5,732 | 9,133 | - | - | - | - | |
24 |
6,539 | 3,253 | 11,348 | 20,256 | 29,163 | 32,748 | |
29/58 |
677,855 | 830,873 | 325,100 | 520,004 | 131,686 | 27,399 | |
3 |
425,102 | 425,102 | - | - | - | - | |
30/36 |
425,102 | 425,102 | - | - | - | - | |
40/41 |
107,450 | 81,155 | 209,227 | 294,613 | 72,220 | 9,224 | |
40 |
- | 24,480 | 208,727 | 294,113 | 71,720 | 8,724 | |
41 |
107,450 | 56,675 | 500 | 500 | 500 | 500 | |
50/53 |
- | 275,000 | - | - | - | - | |
54/58 |
120,956 | 18,212 | 79,380 | 200,757 | 28,853 | 17,583 | |
490/1 |
24,347 | 31,403 | 36,493 | 24,634 | 30,613 | 592 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
690,126 | 843,259 | 674,480 | 540,260 | 160,849 | 60,146 | |
10/15 |
267,929 | 330,500 | 474,867 | 406,163 | 75,154 | 5,879 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
13 |
265,429 | 328,000 | 472,367 | 401,883 | 70,074 | - | |
133 |
265,429 | 328,000 | 472,367 | 401,883 | 70,074 | - | |
14 |
- | - | - | 1,779 | 2,579 | 3,379 | |
17/49 |
422,197 | 512,759 | 199,613 | 134,097 | 85,695 | 54,267 | |
17 |
89,094 | 399,482 | 110,361 | 4,596 | 13,710 | 22,719 | |
170/4 |
89,094 | 399,482 | 110,361 | 4,596 | 13,710 | 22,719 | |
42/48 |
333,103 | 113,277 | 88,352 | 129,501 | 71,986 | 31,548 | |
42 |
311,312 | 11,765 | 15,021 | 9,113 | 9,009 | 8,906 | |
44 |
1,391 | 7,348 | 2,190 | 2,287 | 959 | 3,653 | |
440/4 |
1,391 | 7,348 | 2,190 | 2,287 | 959 | 3,653 | |
45 |
2,400 | 2,400 | 65,496 | 99,980 | 35,429 | 10,559 | |
450/3 |
2,400 | 2,400 | 65,496 | 99,980 | 35,429 | 10,559 | |
47/48 |
18,000 | 91,764 | 5,645 | 18,121 | 26,589 | 8,430 | |
492/3 |
- | - | 900 | - | - | - | |
| Income statement | |||||||
76A |
- | 34,769 | - | - | - | - | |
9900 |
-39,697 | 107,896 | 215,444 | 451,018 | 99,373 | 13,131 | |
630 |
6,654 | 8,176 | 56,606 | 8,907 | 8,186 | 4,121 | |
640/8 |
2,696 | 2,783 | 1,179 | 1,509 | 847 | 1,742 | |
9901 |
-49,047 | 96,937 | 157,658 | 440,601 | 90,341 | 7,268 | |
75/76B |
3,489 | 1,446 | 2 | 0 | 19 | 0 | |
75 |
3,489 | 1,446 | 2 | 0 | 19 | 0 | |
65/66B |
16,174 | 12,437 | 2,731 | 372 | 385 | 289 | |
65 |
16,174 | 12,437 | 2,731 | 372 | 385 | 289 | |
9903 |
-61,732 | 85,945 | 154,929 | 440,230 | 89,975 | 6,979 | |
67/77 |
839 | 8,548 | 38,225 | 108,421 | 19,901 | 2,800 | |
9904 |
-62,571 | 77,398 | 116,704 | 331,809 | 70,074 | 4,179 | |
9905 |
-62,571 | 77,398 | 116,704 | 331,809 | 70,074 | 4,179 | |
| Appropriation of the result | |||||||
9906 |
-62,571 | 77,398 | 118,484 | 334,388 | 73,454 | 4,179 | |
14P |
- | - | 1,779 | 2,579 | 3,379 | - | |
791/2 |
62,571 | 144,367 | 48,000 | - | - | - | |
691/2 |
- | - | 118,484 | 331,809 | 70,074 | - | |
6921 |
- | - | 118,484 | 331,809 | 70,074 | - | |
694/7 |
- | 221,764 | 48,000 | 800 | 800 | 800 | |
694 |
- | 167,764 | 48,000 | 800 | 800 | 800 | |
695 |
- | 54,000 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00219016 | |
| 31-12-2024 | micro format | 15-05-2025 | 2025-00094276 | |
| 31-12-2023 | abbreviated format | 02-04-2024 | 2024-00053763 | |
| 31-12-2022 | abbreviated format | 31-05-2023 | 2023-00099688 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20097784 | |
| 31-12-2020 | abbreviated format | 07-07-2021 | 2021-32200103 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -42,393 | 105,113 | 214,264 | 449,509 | 98,526 | 11,389 | ||
| -55,917 | 85,574 | 173,310 | 340,716 | 78,260 | 8,301 | ||
| 6,539 | 9,214 | 385,730 | 0 | 4,601 | 36,869 | ||
| 102,744 | -61,168 | -121,377 | 171,904 | 11,270 | - | ||
| 344,752 | 717,596 | 236,748 | 390,503 | 59,700 | -4,149 | ||
| 38.8% | 39.2% | 70.4% | 75.2% | 46.7% | 9.8% | ||
| 2.03 | 7.33 | 3.68 | 4.02 | 1.83 | 0.87 | ||
| 0.76 | 3.58 | 3.68 | 4.02 | 1.83 | 0.87 | ||
| 1.58 | 1.55 | 0.42 | 0.33 | 1.14 | 9.23 | ||
| -23.4% | 23.4% | 24.6% | 81.7% | 93.2% | 71.1% | ||
| -9.1% | 9.2% | 17.3% | 61.4% | 43.6% | 6.9% | ||
| -2.62 | 8.45 | 78.46 | over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | - | - | - |
| €275,000 | €275,000 | - | - | - | |
| Carrying value of the mortgaged assets | €425,102 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,539 | €9,214 | €385,730 | - | €4,601 |
| €6,654 | €8,176 | €56,606 | €8,907 | €8,186 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €49,047, after a profit of €96,937 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 60.8% to 61.2%. Equity and debt are lower.
Wale Construct has no parent and no holdings in its annual accounts. WARMOES Jan is the only director. Wale Construct shares no director with another company.
| Warmoes Construct
registered office since 15-05-2024 · founded in 2024 |
total assets €56,878 (2026) 1009.379.129 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 26 February 2020, Wale Construct was incorporated as a private limited company by two natural persons, with a starting capital of €2,500.12 WARMOES Jan has served as director since 2020.3 Total assets went from €60,146 in 2020 to €690,126 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Blekerijstraat 118 registered office 8870 Izegem | 26-02-2020 | 2.299.668.080 |
| 13-01-2026 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Slopen van niet vrijstaande gebouwen of constructies submitted 07-08-2025 · project 2025094338 | Maldegem |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36008C0609/00F000 | 728 m² | 1 · 132 m² | 8.8 m · 2 |
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