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Complete company report
Generated 12-08-2026
Active BE 0433.525.860Private limited company (pre-2019)Open bankruptcy

WALPA

· 38 yrs active
Conclusion Checked

A bankruptcy procedure is open for WALPA according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €10k and a net result of €4k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €10k
Net result €4k
Active 38 yrs
Board 2
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health19Profitability100Solvency72Growth78Stability0
54 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 19
Profitability 100
Solvency 72
Growth 78
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 riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
19 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-08-2023 with the NBB · fiscal year 2022 · micro
€-30k€-20k€-10k€0€10kOperating result 2018: €-21k€-21kNet result 2018: €-28k€-28kOperating result 2019: €10k€10kNet result 2019: €-18k€-18kOperating result 2020: €12k€12kNet result 2020: €-7k€-7kOperating result 2021: €339€339Net result 2021: €332€332Operating result 2022: €4k€4kNet result 2022: €4k€4k20182019202020212022
Operating resultNet result
EBITDA
€5k
+152.0% 18-22
Net profit
€4k
+959.5% 18-22
Cash flow
€5k
+153.0% 18-22
Total assets
€25k
-4.7% 18-22
Equity
€10k
+51.6% 18-22
Working capital
€5k
+5979.3% 18-22
Income taxes
€1
- 18-22
Debt
€15k
-24.6% 18-22
Debt ≤ 1y
€15k
-24.6% 18-22
Current ratio
1.37
+36.2% 18-22
Quick ratio
0.33
+48.8% 18-22
Solvency
41.5%
+59.1% 18-22
Debt / equity
1.41
-50.3% 18-22
ROE
34.0%
+598.9% 18-22
ROA
14.1%
+1012.1% 18-22
Interest coverage
12835.46
+4484.9% 18-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€5k
Net profit€4k
Cash flow€5k
Staff costs-
Income taxes-
Dividends-
Total assets€25k
Equity€10k
Debt€15k
of which ≤ 1y€15k
of which > 1y-
Working capital€5k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.37
Quick ratio0.33
Working capital ratio21.5%
Solvency41.5%
Debt / equity1.41
Long-term debt ratio-
Interest coverage12835.46
Gross margin-
Net margin-
ROA14.1%
ROE34.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€25k
Fixed assets 21/28€5k
Tangible fixed assets 22/27€4k
Financial fixed assets 28€1k
Current assets 29/58€20k
Stocks & contracts in progress 3€15k
Amounts receivable within one year 40/41€992
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€25k
Equity 10/15€10k
Contributions / capital 10/11€11k
Reserves 13€2k
Accumulated profits (losses) 14€-3k
Amounts payable 17/49€15k
Amounts payable within one year 42/48€15k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€5k
Operating result 9901€4k
Financial income 75€2
Financial charges 65€0
Result before taxes 9903€4k
Net result for the period 9904€4k
Result to be appropriated 9905€4k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 6 directors
Current directors & mandates
  • BHUTTA Irfan Hamid
    Director
    State Gazette act 24007879 (11-01-2024)
    Current
    20-12-2023 → present
  • Tasadaq Parveen
    Director
    State Gazette act 23055444 (24-04-2023)
    Current
    01-01-2023 → present
Former directors (4)
  • TASSADAQ PARVEEN Bilal
    Director
    State Gazette act 24007879 (11-01-2024)
    Former
    - → 11-01-2024
  • Muhammad Bibi
    Director
    State Gazette act 23055444 (24-04-2023)
    Former
    - → 24-04-2023
  • Mamuzai Khaled
    Director
    State Gazette act 23055444 (24-04-2023)
    Former
    - → 27-12-2022
  • Ariaye Ahmad Omaid
    Director
    State Gazette act 23055444 (24-04-2023)
    Former
    - → 25-12-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator CARL SCHREURS
PASTOOR RAEYMAEKERS- STRAAT 25, 3600 GENK
 06-06-2024 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation16-02-1988
StatusActive
Postal code-
First BS signal 12-06-2024
Latest BS signal 12-06-2024
Establishment units 1 location
WALPA
Detailhandel in dranken, algemeen assortiment
since 19882.037.291.790
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 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71024A0660/00L006 Flanders 183 m² 1 · 120 m² 10.4 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 14 events

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

2024
12-06-2024
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · WALPA BV ZOUTBRUG- STRAAT 18, 3540 HERK-DE-STAD · event 06-06-2024
11-01-2024
State Gazette act Capital & shares
2023
25-09-2023
State Gazette act Registered-office change
30-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
24-04-2023
State Gazette act Director changes
2022
21-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
23-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
26-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
30-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
20-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
27-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
29-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
31-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
29-07-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
Lifecycle & Insolvency Signals 1 events
12-06-2024
Bankruptcy Opening
Date: 06-06-2024 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · WALPA BV ZOUTBRUG- STRAAT 18, 3540 HERK-DE-STAD · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-06-12 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 3 acts
Capital history · 1
11-01-2024
Capital change
Address history · 1
25-09-2023
Registered-office move
All acts · 3 updated 2 years ago
2024
11-01-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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      "subscribers": [
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        },
        {
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  "notary": {
    "name": null,
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    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-01-11",
    "filing_date": "2023-12-20",
    "act_kind_objet": "Modificatie"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-12-20",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-10-12"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0433.525.860",
    "name_full": "WALPA",
    "legal_form": "Besloten Vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
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  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "BHUTTA Irfan Hamid",
      "role": "Bestuurder",
      "n_shares": 100,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "TASSADAQ PARVEEN Bilal",
      "role": null,
      "n_shares": 0,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2023
25-09-2023 Registered office moved to Ninove Registered-office change
  • Brusselsesteenweg 341 9402 Ninove
Technical details 
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      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Brusselsesteenweg 341 9402 Ninove",
        "city": "Ninove",
        "region": "vlaams_gewest",
        "street": "Brusselsesteenweg",
        "country": "BE",
        "postcode": "9402",
        "box_number": null,
        "street_number": "341",
        "locality_suffix": null
      },
      "old_address": null,
      "effective_date": "2023-07-17",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": null,
      "old_address_source": "inferred",
      "statute_clause_text": null,
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      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
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      "effective_date_is_approximate": false
    }
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  "notary": {
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    "office_city": null,
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  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-09-25",
    "filing_date": "2023-09-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
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  "subject_company": {
    "kbo": "0433.525.860",
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    "_kbo_filled_from_list": true
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  "publication_proxy": {
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24-04-2023 1 director appointed, 3 resigning Director changes
  • Tasadaq Parveen, Bestuurder
  • Mamuzai Khaled, Bestuurder
  • Ariaye Ahmad Omaid, Bestuurder
  • Muhammad Bibi, Bestuurder
Technical details 
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      "role": "bestuurder",
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        "name": "Mamuzai Khaled",
        "address": "Halewijnlaan 49 te 2050 Antwerpen",
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      },
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      "effective_date": "2022-12-27",
      "evidence_quote": "Met ingang van 27 december 2022 wordt als bestuurder ontslagen:\nDe heer Mamuzai Khaled",
      "decharge_status": null,
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    },
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      "evidence_quote": "Met ingang van 1 januari 2023 wordt als bestuurder benoemd:\nDe heer Tasadaq Parveen",
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  "notary": {
    "name": null,
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL WALPA
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative