Wallace
ActiveWallace is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.58M and a net result of €272k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 7962 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
8 d early
2023
29 d late
2022
30 d late
2021
29 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.58M▲ 19.7%
2024 · €1.32M
2021: €707k
2022: €980k
2023: €1.14M
2024: €1.32M
2021 → 2025
Net result
€272k▲ 53.6%
2024 · €177k
2021: €607k
2022: €273k
2023: €170k
2024: €177k
2021 → 2025
Total assets
€1.97M▼ 1.5%
2024 · €2.00M
2021: €1.71M
2022: €1.90M
2023: €1.94M
2024: €2.00M
2021 → 2025
Solvency
79.9%▲ 14.2pp
2024 · 65.7%
2021: 41.3%
2022: 51.7%
2023: 58.8%
2024: 65.7%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€707k-€980k▲ 38.7%€1.14M▲ 16.5%€1.32M▲ 15.5%€1.58M▲ 19.7%
Operating result€16k-€37k▲ 131%€49k▲ 32.6%€55k▲ 11.9%€41k▼ 25.0%
Net result€607k-€273k▼ 54.9%€170k▼ 37.7%€177k▲ 4.0%€272k▲ 53.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.97M
Fixed assets
€1.69M▲ 0.2%
Current assets
€284k▼ 10.8%
Equity and liabilities €1.97M
Equity
€1.58M▲ 19.7%
Debt
€396k▼ 42.3%
The debt ratio falls from 34.3% to 20.1%: equity grows while debt is paid down.
Key figures and ratios
Solvency
79.9%▲
2024 · 65.7%
ROE
17.2%▲
2024 · 13.4%
ROA
13.8%▲
2024 · 8.8%
Debt
€396k▼
2024 · €687k
Debt ≤ 1 year
€278k▼
2024 · €454k
Debt > 1 year
€118k▼
2024 · €233k
Income taxes
€5k▼
2024 · €14k
Staff costs
€185k▲
2024 · €166k
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€2.00M€1.97M▼
Fixed assets21/28€1.69M€1.69M▲
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Financial fixed assets28€1.69M€1.69M=
Current assets29/58€318k€284k▼
Amounts receivable after more than one year29€50k€50k=
Other amounts receivable291€50k€50k=
Amounts receivable within one year40/41€107k€142k▲
Trade receivables40€25k€37k▲
Other amounts receivable41€81k€104k▲
Current investments50/53€13k€25k▲
Cash at bank and in hand54/58€149k€67k▼
Equity and liabilities
Total equity and liabilities10/49€2.00M€1.97M▼
Equity10/15€1.32M€1.58M▲
Contributions10/11€100k€100k=
Reserves13€1.22M€1.48M▲
Distributable reserves133€1.22M€1.48M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€687k€396k▼
Amounts payable after more than one year17€233k€118k▼
Financial debts170/4€233k€118k▼
Amounts payable within one year42/48€454k€278k▼
Current portion of amounts payable after more than one year42€114k€114k=
Financial debts43€15k€8k▼
Credit institutions430/8€15k€8k▼
Trade debts44€2k€160▼
Suppliers440/4€2k€160▼
Taxes, remuneration and social security45€56k€45k▼
Taxes450/3€29k€20k▼
Remuneration and social security454/9€27k€25k▼
Other amounts payable47/48€268k€110k▼
Income statement
Code20242025
Remuneration, social security and pensions62€166k€185k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€340
Other operating charges640/8€1k€254▼
Gross operating margin9900€221k€227k▲
Operating profit (loss)9901€55k€41k▼
Financial income75/76B€140k€239k▲
Recurring financial income75€140k€239k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€191k€276k▲
Income taxes67/77€14k€5k▼
Profit (loss) for the period9904€177k€272k▲
Profit (loss) for the period to be appropriated9905€177k€272k▲
Appropriation of the result
Profit (loss) to be appropriated9906€177k€272k▲
Transfer to equity691/2€177k€260k▲
To other reserves6921€177k€260k▲
Profit to be distributed694/7-€12k
Employees696-€12k
The notes to these accounts (10 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
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €170k ▼37.7%
Net result drops to €170k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.14M ▲16.5%
3 profitable years in a row build equity to €1.14M.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2025
Tim Vandecasteele
CurrentDirector · since 11-03-2025
11-03-2025
Tim Vandecasteele: Appointed as Director
11-03-2025
Michiel Masschelein: Resigned as Director
22-11-2024
Michiel Masschelein: Appointed as Director
02-09-2024
Ann Gunst: Resigned as Director
Location & real-estate footprint
Registered office, Kortrijk · 2 establishment units since 2020
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.
Roger Carrettestraat(Kor) 158500 KortrijkGround area
1,853 m²
Building footprint
958 m²
Volume, LiDAR
10,534 m³
2 parcels, Brussels, Flanders · tallest building 21.0 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Wallace
since 20202.309.741.135
Meyerbeerstraat 144, 1180 Ukkel
since 20222.332.754.879
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0121/00X008 | Brussels | 1,523 m² | 1 · 869 m² | 21.0 m · 5 fl. |
| 34354C0916/00N000 | Flanders | 330 m² | 1 · 89 m² | 0.0 m |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,485 EUR awarded · 1,485 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,485 EUR | 1,485 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 11,563 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2020
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
82100Office administrative and support services
82190Office administrative, office support and other business support activities
70200Business and other management consultancy
70220Business consulting
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.