WALTERJUNIOR
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.5m
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-04-2026, 180 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
180 d late
2024
20 d early
2023
28 d early
2022
20 d early
2021
24 d early
2020
22 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
-€2.5m▼ 39.3%
2024 · -€1.8m
Total assets
€228,082▼ 85.5%
2024 · €1.6m
Net result
-€696,071▼ 7.6%
2024 · -€647,043
Working capital
-€2.5m▼ 39.6%
2024 · -€1.8m
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€149,036▼ 6.9%-€51,003▲ 65.8%-€162,406▼ 218%-€548,189▼ 238%-€679,450▼ 23.9%
Net result-€217,118▼ 10.1%-€128,649▲ 40.7%-€248,060▼ 92.8%-€647,043▼ 161%-€696,071▼ 7.6%
Equity-€745,207▼ 41.1%-€873,855▼ 17.3%-€1.1m▼ 28.4%-€1.8m▼ 57.7%-€2.5m▼ 39.3%
Total assets€2.8m▲ 1.2%€3.0m▲ 5.5%€2.5m▼ 14.8%€1.6m▼ 38.1%€228,082▼ 85.5%
Debt€3.6m▲ 7.5%€3.9m▲ 8.0%€3.7m▼ 5.0%€3.3m▼ 8.7%€2.7m▼ 19.4%
Working capital-€742,201▼ 24.9%-€868,757▼ 17.1%-€1.1m▼ 29.0%-€1.8m▼ 57.6%-€2.5m▼ 39.6%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €679,450 in 2025 against €548,189 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Current ratio
0.08▼
2024 · 0.47
Quick ratio
0.01▼
2024 · 0.01
ROA
-305.2%▼
2024 · -41.2%
Debt ≤ 1 year
€2.7m▼
2024 · €3.3m
Income taxes
€0▼
2024 · €1,891
A ratio outside any meaningful range has been withheld (balance sheet total €228,082, equity -€2.5m).
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,055 | €0 | - | - | - | - |
| Other operating charges640/8 | €3,052 | €2,719 | €5,602 | €10,350 | €1,537 | ▼ 85.2% |
| Gross operating margin9900 | -€77,930 | -€48,284 | -€156,803 | -€537,839 | -€677,914 | ▼ 26.0% |
| Operating profit (loss)9901 | -€149,036 | -€51,003 | -€162,406 | -€548,189 | -€679,450 | ▼ 23.9% |
| Financial income75/76B | €0 | €0 | €4,483 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | €4,483 | €0 | - | - |
| Financial charges65/66B | €66,214 | €75,787 | €88,328 | €96,963 | €16,621 | ▼ 82.9% |
| Recurring financial charges65 | €66,214 | €75,787 | €88,328 | €96,963 | €16,621 | ▼ 82.9% |
| Profit (loss) for the period before taxes9903 | -€215,249 | -€126,789 | -€246,251 | -€645,152 | -€696,071 | ▼ 7.9% |
| Income taxes67/77 | €1,868 | €1,859 | €1,809 | €1,891 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€217,118 | -€128,649 | -€248,060 | -€647,043 | -€696,071 | ▼ 7.6% |
| Profit (loss) for the period to be appropriated9905 | -€217,118 | -€128,649 | -€248,060 | -€647,043 | -€696,071 | ▼ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €3.0m | €2.5m | €1.6m | €228,082 | ▼ 85.5% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Current assets29/58 | €2.8m | €3.0m | €2.5m | €1.6m | €228,082 | ▼ 85.5% |
| Stocks and contracts in progress3 | €2.7m | €2.8m | €2.5m | €1.5m | €210,780 | ▼ 86.4% |
| Stocks30/36 | €2.7m | €2.8m | €2.5m | €1.5m | €210,780 | ▼ 86.4% |
| Amounts receivable within one year40/41 | €112,945 | €145,819 | €56,227 | €11,004 | €0 | ▼ 100% |
| Other amounts receivable41 | €112,945 | €145,819 | €56,227 | €11,004 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €8,696 | €12,074 | €2,973 | €8,088 | €17,302 | ▲ 114% |
| Deferred charges and accrued income490/1 | €655 | €1,608 | €1,172 | €4,013 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €3.0m | €2.5m | €1.6m | €228,082 | ▼ 85.5% |
| Equity10/15 | -€745,207 | -€873,855 | -€1.1m | -€1.8m | -€2.5m | ▼ 39.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €43,700 | €43,700 | €43,700 | €43,700 | €43,700 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Profit (loss) carried forward14 | -€850,907 | -€979,555 | -€1.2m | -€1.9m | -€2.6m | ▼ 37.1% |
| Amounts payable17/49 | €3.6m | €3.9m | €3.7m | €3.3m | €2.7m | ▼ 19.4% |
| Amounts payable within one year42/48 | €3.6m | €3.8m | €3.7m | €3.3m | €2.7m | ▼ 19.3% |
| Financial debts43 | €1.4m | €1.4m | €682,500 | €582,500 | €0 | ▼ 100% |
| Credit institutions430/8 | €1.4m | €1.4m | €682,500 | €582,500 | €0 | ▼ 100% |
| Trade debts44 | €31,175 | €56,895 | €37,359 | €22,090 | €17,237 | ▼ 22.0% |
| Suppliers440/4 | €31,175 | €56,895 | €37,359 | €22,090 | €17,237 | ▼ 22.0% |
| Taxes, remuneration and social security45 | €1,868 | €3,728 | €1,809 | €1,891 | €1,891 | = |
| Taxes450/3 | €1,868 | €3,728 | €1,809 | €1,891 | €1,891 | = |
| Other amounts payable47/48 | €2.2m | €2.4m | €2.9m | €2.7m | €2.7m | ▼ 2.1% |
| Accrued charges and deferred income492/3 | €3,006 | €5,098 | €1,018 | €2,890 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€217,118 | -€128,649 | -€248,060 | -€647,043 | -€696,071 | ▼ 7.6% |
| + Depreciation and write-downs630 | €68,055 | €0 | - | - | - | - |
| Operating cash flow (approximation) | -€149,063 | -€128,649 | -€248,060 | -€647,043 | -€696,071 | ▼ 7.6% |
| Change in cash | - | €3,378 | -€9,101 | €5,116 | €9,214 | ▲ 80.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
10-07
State Gazette act
General meeting · Director resignation
Permanent representative
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 180 days late
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€696,071
Net result drops to -€696,071, the lowest in the series.
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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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Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 3,105 EUR awarded · 3,106 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 1,553 EUR |
| 2022 | 1 | 3,105 EUR | 1,553 EUR |