WALL.S
ActiveSummary
WALL.S has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €390,268 and a net result of €167,860. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+18
Solvency71▲+25
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 0.36 in 2024; short-term debt: 24.4% and cash: 12.2% of total assets), and 53.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.2%
Return on assets
19.9%
Age of the figures
9 mo
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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
29 d late
2024
61 d late
2023
8 d early
2022
7 d early
2021
31 d late
2020
59 d late
2019
46 d early
← 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 17 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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 29 August (5 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€390,268▲ 253%
2024 · €110,409
Total assets
€845,199▲ 63.3%
2024 · €517,627
Net result
€167,860▲ 467%
2024 · €29,616
Working capital
€42,990
2024 · -€122,707
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€36,298€4,728€32,146▲ 580%€46,207▲ 43.7%€238,545▲ 416%
Net result-€36,639below the sector's middle half€4,649within the sector's middle half€28,516within the sector's middle half▲ 513%€29,616within the sector's middle half▲ 3.9%€167,860above the sector's middle half▲ 467%
Equity€47,628within the sector's middle half▼ 43.5%€52,277within the sector's middle half▲ 9.8%€80,793within the sector's middle half▲ 54.5%€110,409within the sector's middle half▲ 36.7%€390,268above the sector's middle half▲ 253%
Total assets€79,407below the sector's middle half▼ 39.3%€99,906within the sector's middle half▲ 25.8%€207,815within the sector's middle half▲ 108%€517,627above the sector's middle half▲ 149%€845,199above the sector's middle half▲ 63.3%
Debt€31,779▼ 31.8%€47,629▲ 49.9%€127,022▲ 167%€407,218▲ 221%€454,931▲ 11.7%
Working capital€25,220within the sector's middle half▼ 68.8%€22,341within the sector's middle half▼ 11.4%-€42,315below the sector's middle half-€122,707below the sector's middle half▼ 190%€42,990within the sector's middle half
Solvency60.0%within the sector's middle half▼ 4.4pp52.3%within the sector's middle half▼ 7.7pp38.9%within the sector's middle half▼ 13.4pp21.3%below the sector's middle half▼ 17.5pp46.2%within the sector's middle half▲ 24.8pp
Current ratio1.81within the sector's middle half▼ 1.171.49within the sector's middle half▼ 0.320.48below the sector's middle half▼ 1.010.36below the sector's middle half▼ 0.121.21within the sector's middle half▲ 0.85
Return on assets (ROA)-46.1%below the sector's middle half▼ 61.8pp4.7%within the sector's middle half▲ 50.8pp13.7%within the sector's middle half▲ 9.1pp5.7%within the sector's middle half▼ 8.0pp19.9%within the sector's middle half▲ 14.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 416% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €845,199
Fixed assets
€595,862 ▲ 32.8%
Current assets
€249,338 ▲ 262%
Equity and liabilities €845,199
Equity
€390,268 ▲ 253%
Debt
€454,931 ▲ 11.7%
Debt's share of the balance-sheet total falls from 78.7% to 53.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€279,135▲
2024 · €61,628
Cash flow
€208,450▲
2024 · €45,036
Debt to equity
1.17▼
2024 · 3.69
ROE
43.0%▲
2024 · 26.8%
Interest coverage
18.63▲
2024 · 11.40
Debt ≤ 1 year
€206,347▲
2024 · €191,599
Debt > 1 year
€243,184▲
2024 · €212,619
Income taxes
€55,699▲
2024 · €11,187
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 6,781 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,923 | €4,028 | €14,884 | €15,421 | €40,590 | ▲ 163% |
| Other operating charges640/8 | €212 | €215 | €912 | €34,264 | €32,813 | ▼ 4.2% |
| Gross operating margin9900 | -€32,162 | €8,971 | €47,942 | €95,892 | €311,948 | ▲ 225% |
| Operating profit (loss)9901 | -€36,298 | €4,728 | €32,146 | €46,207 | €238,545 | ▲ 416% |
| Financial income75/76B | €4 | - | €1 | €1 | - | - |
| Recurring financial income75 | €4 | - | €1 | €1 | - | - |
| Financial charges65/66B | €167 | €79 | €1,691 | €5,405 | €14,987 | ▲ 177% |
| Recurring financial charges65 | €167 | €79 | €1,691 | €5,405 | €14,987 | ▲ 177% |
| Profit (loss) for the period before taxes9903 | -€36,461 | €4,649 | €30,456 | €40,802 | €223,558 | ▲ 448% |
| Income taxes67/77 | €178 | - | €1,939 | €11,187 | €55,699 | ▲ 398% |
| Profit (loss) for the period9904 | -€36,639 | €4,649 | €28,516 | €29,616 | €167,860 | ▲ 467% |
| Profit (loss) for the period to be appropriated9905 | -€36,639 | €4,649 | €28,516 | €29,616 | €167,860 | ▲ 467% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,407 | €99,906 | €207,815 | €517,627 | €845,199 | ▲ 63.3% |
| Fixed assets21/28 | €23,158 | €32,186 | €168,080 | €448,735 | €595,862 | ▲ 32.8% |
| Tangible fixed assets22/27 | €23,158 | €32,186 | €168,080 | €448,735 | €595,862 | ▲ 32.8% |
| Land and buildings22 | - | €12,524 | €92,493 | €387,482 | €553,603 | ▲ 42.9% |
| Plant, machinery and equipment23 | €13,235 | €11,810 | €10,386 | €5,908 | €2,931 | ▼ 50.4% |
| Furniture and vehicles24 | €9,924 | €7,851 | €65,201 | €55,344 | €39,328 | ▼ 28.9% |
| Current assets29/58 | €56,249 | €67,720 | €39,736 | €68,892 | €249,338 | ▲ 262% |
| Stocks and contracts in progress3 | €20,000 | €35,000 | €10,000 | - | - | - |
| Contracts in progress37 | €20,000 | €35,000 | €10,000 | - | - | - |
| Amounts receivable within one year40/41 | €34,123 | €8,158 | €12,706 | €7,350 | €144,500 | ▲ 1,866% |
| Trade receivables40 | €33,277 | €8,158 | €8,776 | €5,575 | €63,100 | ▲ 1,032% |
| Other amounts receivable41 | €845 | - | €3,931 | €1,775 | €81,400 | ▲ 4,486% |
| Cash at bank and in hand54/58 | €1,921 | €23,192 | €16,024 | €60,350 | €103,435 | ▲ 71.4% |
| Deferred charges and accrued income490/1 | €205 | €1,370 | €1,005 | €1,193 | €1,402 | ▲ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,407 | €99,906 | €207,815 | €517,627 | €845,199 | ▲ 63.3% |
| Equity10/15 | €47,628 | €52,277 | €80,793 | €110,409 | €390,268 | ▲ 253% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Revaluation surpluses12 | - | - | - | - | €112,000 | - |
| Reserves13 | €50,860 | €50,860 | €68,393 | €98,009 | €98,009 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €49,000 | €49,000 | €68,393 | €98,009 | €98,009 | = |
| Profit (loss) carried forward14 | -€15,632 | -€10,983 | - | - | €167,860 | - |
| Amounts payable17/49 | €31,779 | €47,629 | €127,022 | €407,218 | €454,931 | ▲ 11.7% |
| Amounts payable after more than one year17 | - | - | €36,561 | €212,619 | €243,184 | ▲ 14.4% |
| Financial debts170/4 | - | - | €36,561 | €212,619 | €243,184 | ▲ 14.4% |
| Amounts payable within one year42/48 | €31,029 | €45,379 | €82,051 | €191,599 | €206,347 | ▲ 7.7% |
| Current portion of amounts payable after more than one year42 | - | - | €8,551 | €8,942 | €34,527 | ▲ 286% |
| Financial debts43 | - | - | - | - | €5,041 | - |
| Credit institutions430/8 | - | - | - | - | €5,041 | - |
| Trade debts44 | €12,019 | €3,466 | €2,742 | €5,983 | €56,667 | ▲ 847% |
| Suppliers440/4 | €12,019 | €3,466 | €2,742 | €5,983 | €56,667 | ▲ 847% |
| Taxes, remuneration and social security45 | €6,870 | €4,338 | €1,939 | €8,938 | €75,184 | ▲ 741% |
| Taxes450/3 | €6,870 | €4,338 | €1,939 | €8,938 | €75,184 | ▲ 741% |
| Other amounts payable47/48 | €12,140 | €37,575 | €68,819 | €167,736 | €34,928 | ▼ 79.2% |
| Accrued charges and deferred income492/3 | €750 | €2,250 | €8,410 | €3,000 | €5,400 | ▲ 80.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,639 | €4,649 | €28,516 | €29,616 | €167,860 | ▲ 467% |
| + Depreciation and write-downs630 | €3,923 | €4,028 | €14,884 | €15,421 | €40,590 | ▲ 163% |
| Operating cash flow (approximation) | -€32,715 | €8,676 | €43,401 | €45,036 | €208,450 | ▲ 363% |
| Investment in fixed assets (approximation) | - | -€13,056 | -€150,778 | -€296,076 | -€187,717 | ▲ 36.6% |
| Change in cash | - | €21,270 | -€7,167 | €44,325 | €43,085 | ▼ 2.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Highest result since 2019net €167,860 ▲467%
Operating result €238,545, net result €167,860, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.21
Current ratio from 0.36 to 1.21.
31-12
Financial
Equity above €200,000Eq €390,268 ▲253%
4 profitable years in a row build equity to €390,268.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €100,000Eq €110,409 ▲36.7%
3 profitable years in a row build equity to €110,409.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,649
Net result €4,649 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€36,639
Net result drops to -€36,639, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are 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, Merchtem · 1 establishment unit since 2018
Ground area
7,769 m²
Building footprint
558 m²
Volume, LiDAR
1,327 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sleeuwagen 50, 1785 Merchtem
since 20182.276.219.024
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602L0333/00A000 | Flanders | 7,102 m² | 1 · 282 m² | 2.1 m |
| 23602L0333/00C000 | Flanders | 667 m² | 1 · 275 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VERINT SYSTEMS BELGIUM
BE 0822.861.193
Gent · Eq €390,295
Marc Christiaens Consultancy
BE 0893.458.882
Brugge · Eq €390,314
OTIMA
BE 0884.735.515
Vorst · Eq €390,358
IMMO LOURDAUX
BE 0842.500.626
Peer · Eq €390,148
VASJEGO
BE 0463.258.835
Herzele · Eq €390,394
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 36,577 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
64210Activities of holding companies
70100Activities of head offices
73200Market research and public opinion polling
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0696700718
Also
9925:BE0696700718
Registered
22-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.