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WALEMA

Active
Public limited companyfounded 20224 yrs activeWesthinderstraat 1, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0788.991.268
Summary

The computed 12-month bankruptcy probability of WALEMA is 2.7% (moderate). The 2024 annual accounts show equity of €1.1m and a net result of -€48,728. Equity is shrinking by ~4.3% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability64▼-1
Solvency100=
Growth58=
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.03 in 2023; short-term debt: 23.9% and cash: 0.5% of total assets), and 23.9% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
76.1%
Return on assets
-3.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
222324
2022 to 2024 · latest year -€48,728
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 10-06-2026, 51 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
51 d early
2024
37 d early
2023
19 d early
2022
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 21 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 4 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 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 28 July 2022, WALEMA was incorporated as a Public limited company.1 Total assets went from EUR 1.5 million in 2022 to EUR 1.4 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€1.1m▼ 4.3%
2023 · €1.1m
Total assets
€1.4m▼ 3.9%
2023 · €1.5m
Net result
-€48,728▼ 2.9%
2023 · -€47,356
Working capital
-€327,283▲ 2.8%
2023 · -€336,746
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€66,471--€47,253▲ 28.9%-€48,597▼ 2.8%
Net result-€66,563--€47,356▲ 28.9%-€48,728▼ 2.9%
Equity€1.2m-€1.1m▼ 4.0%€1.1m▼ 4.3%
Total assets€1.5m-€1.5m▼ 3.4%€1.4m▼ 3.9%
Debt€354,195-€348,841▼ 1.5%€339,315▼ 2.7%
Working capital-€341,430--€336,746▲ 1.4%-€327,283▲ 2.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0Operating result 2022: -€66,471-€66,471Net result 2022: -€66,563-€66,563Operating result 2023: -€47,253-€47,253Net result 2023: -€47,356-€47,356Operating result 2024: -€48,597-€48,597Net result 2024: -€48,728-€48,728202220232024-€80,000-€60,000-€40,000-€20,000€0Operating result 2022: -€66,471-€66,500Net result 2022: -€66,563-€66,600Operating result 2023: -€47,253-€47,300Net result 2023: -€47,356-€47,400Operating result 2024: -€48,597-€48,600Net result 2024: -€48,728-€48,700202220232024
The operating result stays negative: a loss of €48,597 in 2024 against €47,253 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets €1.4m ▼ 4.1%
Current assets €12,031 ▲ 23.2%
Equity and liabilities €1.4m
Equity €1.1m ▼ 4.3%
Debt €339,315 ▼ 2.7%
Debt's share of the balance-sheet total rises from 23.6% to 23.9%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€11,920▼
2023 · €12,587
Cash flow
€11,790▼
2023 · €12,485
Current ratio
0.04▲
2023 · 0.03
Debt to equity
0.31▲
2023 · 0.31
ROE
-4.5%▼
2023 · -4.2%
ROA
-3.4%▼
2023 · -3.2%
Interest coverage
91.35▼
2023 · 122.68
Debt ≤ 1 year
€339,315▼
2023 · €346,515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
0.8% went bankrupt
3.1% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 497,662 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% 1.7%
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 75% 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 480 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 · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.5m€1.4m▼
Fixed assets21/28€1.5m€1.4m▼
Tangible fixed assets22/27€1.5m€1.4m▼
Land and buildings22€1.4m€1.4m▼
Plant, machinery and equipment23€4,079€3,922▼
Other tangible fixed assets26€52,843€52,843=
Current assets29/58€9,768€12,031▲
Amounts receivable within one year40/41€4,063€2,248▼
Other amounts receivable41€4,063€2,248▼
Cash at bank and in hand54/58€5,640€7,583▲
Deferred charges and accrued income490/1€65€2,200▲
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.4m▼
Equity10/15€1.1m€1.1m▼
Contributions10/11€1.2m€1.2m=
Capital10€674,197€674,197=
Issued capital100€674,197€674,197=
Outside capital11€569,632€569,632=
Share premium1100/10€569,632€569,632=
Profit (loss) carried forward14-€115,537-€164,265▼
Amounts payable17/49€348,841€339,315▼
Amounts payable within one year42/48€346,515€339,315▼
Trade debts44€1,121€1,548▲
Suppliers440/4€1,121€1,548▲
Taxes, remuneration and social security45€0-
Remuneration and social security454/9€0-
Other amounts payable47/48€345,394€337,767▼
Accrued charges and deferred income492/3€2,327€0▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,840€60,518▲
Other operating charges640/8€8,057€8,957▲
Gross operating margin9900€20,645€20,878▲
Operating profit (loss)9901-€47,253-€48,597▼
Financial charges65/66B€103€130▲
Recurring financial charges65€103€130▲
Profit (loss) for the period before taxes9903-€47,356-€48,728▼
Profit (loss) for the period9904-€47,356-€48,728▼
Profit (loss) for the period to be appropriated9905-€47,356-€48,728▼
Appropriation of the result
Profit (loss) to be appropriated9906-€115,537-€164,265▼
Profit (loss) brought forward from the previous period14P-€68,182-€115,537▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,432€59,840€60,518▲ 1.1%
Other operating charges640/8€7,250€8,057€8,957▲ 11.2%
Gross operating margin9900€211€20,645€20,878▲ 1.1%
Operating profit (loss)9901-€66,471-€47,253-€48,597▼ 2.8%
Financial charges65/66B€92€103€130▲ 27.2%
Recurring financial charges65€92€103€130▲ 27.2%
Profit (loss) for the period before taxes9903-€66,563-€47,356-€48,728▼ 2.9%
Profit (loss) for the period9904-€66,563-€47,356-€48,728▼ 2.9%
Profit (loss) for the period to be appropriated9905-€66,563-€47,356-€48,728▼ 2.9%
Line202220232024Change
Assets
Total assets20/58€1.5m€1.5m€1.4m▼ 3.9%
Fixed assets21/28€1.5m€1.5m€1.4m▼ 4.1%
Tangible fixed assets22/27€1.5m€1.5m€1.4m▼ 4.1%
Land and buildings22€1.5m€1.4m€1.4m▼ 4.3%
Plant, machinery and equipment23€2,666€4,079€3,922▼ 3.8%
Other tangible fixed assets26€52,843€52,843€52,843=
Current assets29/58€11,975€9,768€12,031▲ 23.2%
Amounts receivable within one year40/41€4,063€4,063€2,248▼ 44.7%
Other amounts receivable41€4,063€4,063€2,248▼ 44.7%
Cash at bank and in hand54/58€6,163€5,640€7,583▲ 34.4%
Deferred charges and accrued income490/1€1,750€65€2,200▲ 3,277%
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.5m€1.4m▼ 3.9%
Equity10/15€1.2m€1.1m€1.1m▼ 4.3%
Contributions10/11€1.2m€1.2m€1.2m=
Capital10€674,197€674,197€674,197=
Issued capital100€674,197€674,197€674,197=
Outside capital11€569,632€569,632€569,632=
Share premium1100/10€569,632€569,632€569,632=
Profit (loss) carried forward14-€68,182-€115,537-€164,265▼ 42.2%
Amounts payable17/49€354,195€348,841€339,315▼ 2.7%
Amounts payable within one year42/48€353,405€346,515€339,315▼ 2.1%
Trade debts44€7,323€1,121€1,548▲ 38.0%
Suppliers440/4€7,323€1,121€1,548▲ 38.0%
Taxes, remuneration and social security45€1,000€0--
Remuneration and social security454/9€1,000€0--
Other amounts payable47/48€345,082€345,394€337,767▼ 2.2%
Accrued charges and deferred income492/3€790€2,327€0▼ 100%
Line202220232024Change
Profit (loss) for the period9904-€66,563-€47,356-€48,728▼ 2.9%
+ Depreciation and write-downs630€59,432€59,840€60,518▲ 1.1%
Operating cash flow (approximation)-€7,131€12,485€11,790▼ 5.6%
Investment in fixed assets (approximation)--€9,338€0▲ 100%
Change in cash--€522€1,943▲ 472%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
273 m²
Building footprint
68 m²
Volume, LiDAR
489 m³
Parcel 31332E0965/00A000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WALEMA
Westhinderstraat 1, 8300 Knokke-HeistActivities auxiliary to financial services and insurance activities
since 20222.334.078.237
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31332E0965/00A000 Flanders 273 m² 1 · 68 m² 12.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded28-07-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788991268
Also 9925:BE0788991268
Registered 16-10-2025

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

Register as of 28 September 2026 · Peppol Directory

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