WALLAYS
ActiveSummary
WALLAYS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-61k) and a net result of €-16k. Equity is shrinking by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-94
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.54 in 2023; short-term debt: 148% and cash: 3.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-48%
Return on assets
-12.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-61k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
30 d early
2022
49 d early
2021
23 d early
2020
46 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-16k
2023 · €26k
Working capital
€-61k▼ 35.5%
2023 · €-45k
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
Line20202021202220232024
Operating result€-87k▼ 273%€15k€24k▲ 62.1%€27k▲ 8.8%€-16k
Net result€-89k▼ 225%€14k€24k▲ 75.4%€26k▲ 7.3%€-16k
Equity€-108k▼ 474%€-94k▲ 12.6%€-70k▲ 25.3%€-45k▲ 36.4%€-61k▼ 35.5%
Total assets€110k▼ 48.3%€27k▼ 75.1%€41k▲ 52.2%€52k▲ 26.6%€126k▲ 141%
Debt€217k▼ 5.8%€122k▼ 44.1%€112k▼ 8.0%€97k▼ 13.1%€187k▲ 92.4%
Working capital€-124k▼ 236%€-103k▲ 16.7%€-70k▲ 31.6%€-45k▲ 36.4%€-61k▼ 35.5%
Staff (FTE)4.9▲ 4.3%3.4▼ 30.6%2.9▼ 14.7%2.9=3▲ 3.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €16k after €27k in 2023.
Key figures and ratios
Solvency
-48.0%▲
2023 · -85.3%
Current ratio
0.68▲
2023 · 0.54
Debt to equity
-3.08▼
2023 · -2.17
ROA
-12.6%▼
2023 · 48.9%
Debt ≤ 1 year
€187k▲
2023 · €97k
Income taxes
€100▼
2023 · €482
Staff costs
€135k▲
2023 · €74k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €127k | €97k | €74k | €135k | ▲ 82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €9k | - | - | - |
| Other operating charges640/8 | - | €440 | €1k | €504 | €118 | ▼ 76.6% |
| Non-recurring operating charges66A | - | €10k | - | €1k | - | - |
| Gross operating margin9900 | €71k | €161k | €132k | €103k | €120k | ▲ 16.5% |
| Operating profit (loss)9901 | €-87k | €15k | €24k | €27k | €-16k | ▼ 160% |
| Financial income75/76B | - | - | €6 | €6 | €576 | ▲ 9,015% |
| Recurring financial income75 | €5 | - | €6 | €6 | €14 | ▲ 116% |
| Non-recurring financial income76B | - | - | - | - | €562 | - |
| Financial charges65/66B | - | €1k | €213 | €477 | €532 | ▲ 11.5% |
| Recurring financial charges65 | €1k | €1k | €213 | €477 | €532 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | €-89k | €14k | €24k | €26k | €-16k | ▼ 160% |
| Income taxes67/77 | €472 | €236 | €349 | €482 | €100 | ▼ 79.3% |
| Profit (loss) for the period9904 | €-89k | €14k | €24k | €26k | €-16k | ▼ 162% |
| Profit (loss) for the period to be appropriated9905 | €-89k | €14k | €24k | €26k | €-16k | ▼ 162% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110k | €27k | €41k | €52k | €126k | ▲ 141% |
| Fixed assets21/28 | €17k | €9k | - | - | - | - |
| Tangible fixed assets22/27 | €17k | €9k | - | - | - | - |
| Furniture and vehicles24 | - | €9k | - | - | - | - |
| Current assets29/58 | €92k | €19k | €41k | €52k | €126k | ▲ 141% |
| Amounts receivable within one year40/41 | €45k | €3k | €26k | €43k | €122k | ▲ 183% |
| Trade receivables40 | - | €3k | €26k | €43k | €96k | ▲ 123% |
| Other amounts receivable41 | - | €344 | €151 | €18 | €26k | ▲ 144,661% |
| Cash at bank and in hand54/58 | €45k | €13k | €14k | €8k | €5k | ▼ 38.4% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110k | €27k | €41k | €52k | €126k | ▲ 141% |
| Equity10/15 | €-108k | €-94k | €-70k | €-45k | €-61k | ▼ 35.5% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €180k | €180k | €180k | €180k | €180k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €178k | €178k | €180k | €180k | = |
| Profit (loss) carried forward14 | €-313k | €-300k | €-276k | €-250k | €-266k | ▼ 6.4% |
| Amounts payable17/49 | €217k | €122k | €112k | €97k | €187k | ▲ 92.4% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €216k | €122k | €112k | €97k | €187k | ▲ 92.4% |
| Current portion of amounts payable after more than one year42 | - | €2k | - | - | - | - |
| Trade debts44 | €187k | €72k | €78k | €68k | €157k | ▲ 131% |
| Suppliers440/4 | - | €72k | €78k | €68k | €157k | ▲ 131% |
| Taxes, remuneration and social security45 | - | €8k | €7k | €3k | €4k | ▲ 43.5% |
| Taxes450/3 | - | €3k | €4k | €1k | €82 | ▼ 93.3% |
| Remuneration and social security454/9 | - | €5k | €3k | €2k | €4k | ▲ 146% |
| Other amounts payable47/48 | - | €40k | €26k | €26k | €26k | ▼ 2.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-89k | €14k | €24k | €26k | €-16k | ▼ 162% |
| + Depreciation and write-downs630 | €9k | €9k | €9k | - | - | - |
| Operating cash flow (approximation) | €-80k | €22k | €33k | €26k | €-16k | ▼ 162% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €-32k | €266 | €-6k | €-3k | ▲ 50.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €26k ▲7.3%
Operating result €27k, net result €26k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-89k
Net result drops to €-89k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Tournai · 1 establishment unit since 1987
Ground area
3,027 m²
Building footprint
1,041 m²
Parcel 57031A0010/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Forêt(BL) 4, 7522 Tournai
since 19872.032.844.836
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57031A0010/00R000 | Wallonia | 3,027 m² | 1 · 1,041 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
1 categoryWALLAYS SRL31598
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 4,294 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
Founded12-02-1987
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Contact
E-mail
info@wallays-ateliers.beTournai
Phone
069/66.32.61Tournai
Scores and ratios are computed by Checked and are not a credit decision.