WALHALLA
ActiveThe computed 12-month bankruptcy probability of WALHALLA is 1.9% (moderate). The 2025 annual accounts show equity of €12k and a net result of €-19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 13009 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency7▼-13
Growth52=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.49 in 2024), and 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
11.2%
Return on assets
-18%
Age of the figures
17 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€19k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
3 d early
2023
on the day
2022
30 d late
2021
29 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close12-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▼ 61.7%
2024 · €32k
2019: €2k
2020: €30k
2021: €27k
2022: €66k
2023: €45k
2024: €32k
2019 → 2025
Total assets
€108k▼ 22.7%
2024 · €140k
2019: €195k
2020: €175k
2021: €151k
2022: €212k
2023: €163k
2024: €140k
2019 → 2025
Net result
€-19k▼ 47.0%
2024 · €-13k
2019: €7k
2020: €28k
2021: €-2k
2022: €39k
2023: €-21k
2024: €-13k
2019 → 2025
Working capital
€-37k▼ 34.6%
2024 · €-28k
2019: €-8k
2020: €-19k
2021: €-17k
2022: €6k
2023: €-14k
2024: €-28k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€66k▲ 144%€45k▼ 32.2%€32k▼ 29.5%€12k▼ 61.7%
Operating result€2k-€52k▲ 3,060%€-20k€-12k▲ 41.1%€-18k▼ 55.3%
Net result€-2k-€39k€-21k€-13k▲ 37.9%€-19k▼ 47.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €12k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€91k▼ 20.1%
Current assets
€17k▼ 33.8%
Equity and liabilities €108k
Equity
€12k▼ 61.7%
Debt
€96k▼ 11.3%
The debt ratio rises from 77.4% to 88.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€5k▼
2024 · €10k
Cash flow
€3k▼
2024 · €9k
Solvency
11.2%▼
2024 · 22.6%
Current ratio
0.32▼
2024 · 0.49
Quick ratio
0.14▼
2024 · 0.29
Debt / equity
7.93▲
2024 · 3.43
ROE
-160.8%▼
2024 · -41.9%
ROA
-18.0%▼
2024 · -9.5%
Interest coverage
2.76▼
2024 · 5.17
Debt
€96k▼
2024 · €108k
Debt ≤ 1 year
€54k▲
2024 · €54k
Debt > 1 year
€39k▼
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€140k€108k▼
Fixed assets21/28€114k€91k▼
Tangible fixed assets22/27€114k€91k▼
Land and buildings22€93k€75k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€19k€14k▼
Current assets29/58€26k€17k▼
Stocks and contracts in progress3€10k€10k▼
Stocks30/36€10k€10k▼
Amounts receivable within one year40/41€608€323▼
Trade receivables40€514€220▼
Other amounts receivable41€94€103▲
Cash at bank and in hand54/58€13k€5k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€140k€108k▼
Equity10/15€32k€12k▼
Contributions10/11€19k€19k=
Reserves13€48k€48k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€-35k€-54k▼
Amounts payable17/49€108k€96k▼
Amounts payable after more than one year17€52k€39k▼
Financial debts170/4€52k€39k▼
Amounts payable within one year42/48€54k€54k▲
Current portion of amounts payable after more than one year42€14k€13k▼
Trade debts44€64€415▲
Suppliers440/4€64€415▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€2k€4▼
Taxes450/3€2k€4▼
Other amounts payable47/48€38k€41k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Non-recurring operating income76A€0€992▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€16k€10k▼
Operating profit (loss)9901€-12k€-18k▼
Financial income75/76B€342€255▼
Recurring financial income75€342€255▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-13k€-19k▼
Profit (loss) for the period9904€-13k€-19k▼
Profit (loss) for the period to be appropriated9905€-13k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-54k▼
Profit (loss) brought forward from the previous period14P€-21k€-35k▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-21k ▼155%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
31-03
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Izegem · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Jorisstraat 108870 IzegemGround area
436 m²
Building footprint
344 m²
Volume, LiDAR
2,029 m³
2 parcels, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Walhalla
since 20072.161.034.195
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1525/00H000 | Flanders | 229 m² | 1 · 229 m² | 14.9 m · 2 fl. |
| 36494D1146/00V000 | Flanders | 206 m² | 1 · 115 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,834 companies in sector 56301 we hold annual accounts for 4,807. 3,611 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2007
Fiscal year end31-03
Activities, NACEBEL
55401
56301Cafés and bars
43110Demolition
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43341Painting of buildings
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.