Equity
€67,921 from €152,585 in 2022
Equity fell by 55% in 3 years.
WALEC
Lifetime
18 annual accounts with figures on one time axispeak €162,807 (2008)
€24,804▼ 56.9%
lowest -€42,684 (2025)
-€42,684▼ €21,471
peak €152,585 (2022)
€67,921▼ 38.6%
€265,796▲ 10.9%
peak 1.8 FTE (2012)
-not published
Board2 names since 2008
2 directors and 1 other
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €57,486 to €24,804Loss of €42,684Equity from €110,605 to €67,921Cash from €2,363 to €22,414
Key points
from the 2025 annual accountsLosses
-€84,664 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Turnover
≈ €270,000 estimated
The accounts state no turnover.
Debts
€265,796 80% of the balance sheet
Financial debts 39%Suppliers 5%Taxes and wages 7%Other 49%
Of this, €162,044 falls due within a year.
Staff
1 employees on 30-06-2025
In 2025, 2 people joined and 2 left.
Position in the sector
-€42,684
Lower net result than 95% of companies in retail trade. Sector median €4,767 · 25,234 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,294 companies had the same profile as WALEC has now. Each dot stands for 4 companies, two years later.
89.6%
were still trading
5.9%
stopped another way
4.1%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,294 companies, not a prediction for WALEC. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0890416448
Changes of role: (director) and (director)
General meeting of 15-06-2023 · Gazette deed
2 establishments registered
Ath
Incorporation
published on 09-07-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WALEC Ath | €333,718 | €24,804 | 20.4% | - |
| IBA WORLDWIDE TRADING COMPANY Kortenberg | €296,459 | €21,211 | 90.7% | - |
| SERRAN Haacht | €318,019 | €33,028 | 50.4% | - |
| RUKA SHOE Herzele | €415,784 | €29,040 | 49.4% | - |
| SCHOENEN PASCALE Oudenburg | €317,233 | €45,056 | 42.5% | - |
| SNELSCHOENMAKERIJ EVERAERT Diksmuide | €283,434 | €33,130 | 41.7% | - |
| BELLEZZA NUOVA Mechelen | €265,571 | €20,955 | 94.3% | - |
These companies have the same main activity as WALEC: retail sale of footwear (NACE 47721). They are comparable in size and age: total assets between €266,000 and €416,000, founded between 2000 and 2013.
Official details
Source: KBO- Status
- Active since 25-06-2007Normal situation
- Activity
- Retail sale of footwearNACE 47721and 1 other
- Joint committee
- 201Independent retail · annual accounts 30-06-2025
- Establishment units
- 2.164.124.4387800 Ath, since 01-07-2007
- 2.164.124.7357800 Ath, since 01-07-2007
- Financial year end
- 30 June
- Peppol
- Reachable since 27-03-2026
Annual accounts to 30-06-2025
- €333,718▼ 4.7%
- Employeeson 30-06-2025
- 1=
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on WALEC
WALEC files the micro format. That format states no turnover. The gross margin fell from €162,807 in 2008 to €24,804 in 2025.
The balance sheet grew most in 2011 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WALEC
- What is the company number of WALEC?
- The company number of WALEC is 0890.416.448. The VAT number is the same number with BE in front: BE 0890.416.448.
- Where is WALEC based?
- The registered office is at Chaussée de Tournai 19, 7800 Ath.Company details
- What does WALEC do?
- According to the KBO register, the main activity is retail sale of footwear (NACE 47721).
- What is the legal form of WALEC?
- WALEC is a private limited company (BV).
- When was WALEC founded?
- WALEC was founded on 25-06-2007.
- Is WALEC still active?
- Yes, WALEC is an active enterprise in the KBO register.
- How many employees does WALEC have?
- WALEC had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WALEC fall under?
- In its 30-06-2025 annual accounts, WALEC states joint committee 201 (Independent retail).
- What is the turnover of WALEC?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €24,804 and 138 comparable companies (NACE 477). It probably lies between €98,000 and €560,000. It is a rough estimate.
- Is WALEC profitable?
- In financial year 2025, WALEC made a loss of €42,684.
- Where can I find the annual accounts of WALEC?
- WALEC filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WALEC due?
- WALEC must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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