Walsha
ActiveWalsha has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-48k) and a net result of €27k. Equity is shrinking by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 12675 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.08 in 2024; short-term debt: 90.3% and cash: 24.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-118.7%
Return on assets
68%
Age of the figures
15 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 12675 sector peers (2025).
NBB · sector comparisonPosition among 12675 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 10 filingsDeviation from the deadline
2025
2 d late
2024
2 d early
2023
1 d late
2022
on the day
2021
28 d late
2020
on the day
2019
214 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-48k▲ 36.4%
2024 · €-75k
2019: €32k
2020: €49k
2021: €19k
2022: €-37k
2023: €-46k
2024: €-75k
2019 → 2025
Total assets
€40k▼ 78.2%
2024 · €185k
2019: €360k
2020: €366k
2021: €285k
2022: €229k
2023: €219k
2024: €185k
2019 → 2025
Net result
€27k
2024 · €-29k
2019: €42k
2020: €17k
2021: €-30k
2022: €-56k
2023: €-9k
2024: €-29k
2019 → 2025
Working capital
€-15k▲ 68.1%
2024 · €-47k
2019: €45k
2020: €66k
2021: €3k
2022: €-31k
2023: €-33k
2024: €-47k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€-37k€-46k▼ 25.0%€-75k▼ 63.0%€-48k▲ 36.4%
Operating result€-35k-€-56k▼ 61.7%€-4k▲ 92.2%€-22k▼ 409%€26k
Net result€-30k-€-56k▼ 89.5%€-9k▲ 83.6%€-29k▼ 215%€27k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26k after a loss of €22k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€19k▼ 89.5%
Current assets
€21k▲ 454%
Key figures and ratios
EBITDA
€37k▲
2024 · €-2k
Cash flow
€39k▲
2024 · €-9k
Solvency
-118.7%▼
2024 · -40.7%
Current ratio
0.59▲
2024 · 0.08
Quick ratio
0.59▲
2024 · 0.08
Debt / equity
-1.84▲
2024 · -3.46
ROA
68.0%▲
2024 · -15.7%
Interest coverage
181.51▲
2024 · -0.26
Debt
€88k▼
2024 · €260k
Debt ≤ 1 year
€36k▼
2024 · €51k
Debt > 1 year
€52k▼
2024 · €209k
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€185k€40k▼
Fixed assets21/28€181k€19k▼
Intangible fixed assets21€6k€3k▼
Tangible fixed assets22/27€169k€10k▼
Land and buildings22€130k€2k▼
Plant, machinery and equipment23€2k€2k=
Furniture and vehicles24€10k€6k▼
Other tangible fixed assets26€27k-
Financial fixed assets28€6k€6k=
Current assets29/58€4k€21k▲
Amounts receivable within one year40/41€72€11k▲
Trade receivables40€0€11k▲
Other amounts receivable41€72-
Cash at bank and in hand54/58€3k€10k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€185k€40k▼
Equity10/15€-75k€-48k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-96k€-68k▲
Amounts payable17/49€260k€88k▼
Amounts payable after more than one year17€209k€52k▼
Financial debts170/4€209k€52k▼
Amounts payable within one year42/48€51k€36k▼
Current portion of amounts payable after more than one year42€9k-
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€0€2k▲
Taxes450/3€0€2k▲
Other amounts payable47/48€34k€28k▼
Income statement
Code20242025
Remuneration, social security and pensions62€-7-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€12k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€317€39k▲
Operating profit (loss)9901€-22k€26k▲
Financial income75/76B€2€2k▲
Recurring financial income75€2€0▼
Non-recurring financial income76B-€2k
Financial charges65/66B€7k€206▼
Recurring financial charges65€7k€206▼
Profit (loss) for the period before taxes9903€-29k€27k▲
Income taxes67/77€168-
Profit (loss) for the period9904€-29k€27k▲
Profit (loss) for the period to be appropriated9905€-29k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-96k€-68k▲
Profit (loss) brought forward from the previous period14P€-67k€-96k▼
The notes to these accounts (12 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Back to profitnet €27k
Net result €27k after 4 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 214 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 944 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Balen · 2 establishment units since 2010
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.
Molenstraat 2802490 BalenGround area
3,696 m²
Building footprint
372 m²
Volume, LiDAR
1,790 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Falcontwin
since 20102.197.005.260
Centrum-Psychodiagnostiek
since 20192.294.393.161
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342B0923/00C000 | Flanders | 2,864 m² | 1 · 218 m² | 9.1 m · 2 fl. |
| 13003A0110/00R025 | Flanders | 832 m² | 1 · 154 m² | 5.7 m · 1 fl. |
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
2025 · 1 entry · 147 EUR awarded · 147 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 147 EUR | 147 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Copro'tection
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Of 2,761 companies in sector 69109 we hold annual accounts for 1,209. 787 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2010
Fiscal year end30-06
Activities, NACEBEL
69109Other legal services
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.