Active BE 0737.987.975Private limited companyOpen bankruptcy

WALLO

Vaerestraat(Oes) 18 ·8720 Dentergem, Belgium· 6 yrs active

Sector: Non-specialised food retail (47110)

Conclusion Checked

A bankruptcy procedure is open for WALLO according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €93k and a net result of €-39k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€93k
Net result	€-39k
Staff (FTE)	6.2
Active	6 yrs

Snowflake analysis 5 axes · computed by Checked

10 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 0

Solvency 19

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 15-10-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

EBITDA

€60k

-34.7% -76% vs sector

Net profit

€-39k

- far below sector median

Cash flow

€45k

-41.1% -77% vs sector

Total assets

€597k

+26.8% -63% vs sector

Equity

€93k

-29.4% -88% vs sector

Working capital

€-35k

- far below sector median

Employees (FTE)

6

+29.2% -46% vs sector

Staff costs

€177k

+15.9% -58% vs sector

Income taxes

€533

-81.1% -99% vs sector

Debt

€504k

+48.5% -16% vs sector

Debt ≤ 1y

€351k

+59.4% +9% vs sector

Debt > 1y

€152k

+27.4% -71% vs sector

Current ratio

0.90

-15.5% -64% vs sector

Quick ratio

0.43

+4.5% -71% vs sector

Solvency

15.5%

-44.3% -74% vs sector

Debt / equity

5.44

+110.3% far above sector median

ROE

-41.7%

- far below sector median

ROA

-6.5%

- far below sector median

Interest coverage

4.17

-41.5% -69% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	-
EBITDA	€60k
Net profit	€-39k
Cash flow	€45k
Staff costs	€177k
Income taxes	€533
Dividends	-
Total assets	€597k
Equity	€93k
Debt	€504k
of which ≤ 1y	€351k
of which > 1y	€152k
Working capital	€-35k
Employees (FTE)	6.2

Ratios (computed)

	2022
Current ratio	0.90
Quick ratio	0.43
Working capital ratio	-5.8%
Solvency	15.5%
Debt / equity	5.44
Long-term debt ratio	1.64
Interest coverage	4.17
Gross margin	-
Net margin	-
ROA	-6.5%
ROE	-41.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €280k · 47.0% Current assets €317k · 53.0%

Equity & liabilities

Equity €93k · 15.5% Debt €504k · 84.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€597k
Fixed assets	21/28	€280k
Intangible fixed assets	21	€85k
Tangible fixed assets	22/27	€195k
Current assets	29/58	€317k
Stocks & contracts in progress	3	€166k
Amounts receivable within one year	40/41	€50k
Cash & bank	54/58	€75k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€597k
Equity	10/15	€93k
Contributions / capital	10/11	€50k
Reserves	13	€42k
Accumulated profits (losses)	14	€660
Amounts payable	17/49	€504k
Amounts payable after one year	17	€152k
Amounts payable within one year	42/48	€351k
Trade debts payable within one year	44	€204k
Income statement
Gross operating margin	9900	€239k
Operating result	9901	€-24k
Financial income	75	€185
Financial charges	65	€14k
Result before taxes	9903	€-38k
Income taxes	67/77	€533
Net result for the period	9904	€-39k
Result to be appropriated	9905	€-39k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Yves FRANCOIS EERTBRUGGESTRAAT 10, 8790 WAREGEM	24-02-2026 → present	Belgian State Gazette

Legal Structure

NACE primary	Non-specialised food retail(47110)
Legal form	Private limited company(610)
Incorporation	22-11-2019
Status	Active
Postal code	8720
First BS signal	02-03-2026
Latest BS signal	02-03-2026

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

WALLO

Rijksweg 185, 8710 WielsbekeOverige niet-gespecialiseerde kleinhandel in winkels in overwegend voedings-en genotmiddelen

since 20192.296.389.975

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37008B0418/00E000	Flanders	2,103 m²	1 · 248 m²	10.8 m · 2 fl.
37017C0142/00W004	Flanders	792 m²	1 · 528 m²	6.6 m · 1 fl.

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.

Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

02-03-2026

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · WALLO BV VAERESTRAAT- (OES) 18, 8720 DENTERGEM · event 24-02-2026

2025

15-10-2025