WALVAN
ActiveSummary
WALVAN has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €380,805 and a net result of €424,154. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 26% of 12,724 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110
1 site
Size
≈ €9.2mturnover 2025, estimated
- Staff
- 16.4 FTE
- Equity
- €380,805
- Profit
- €424,154
Turnover estimated from the gross margin
Structure
- Largest shareholder
- AARTCO · 50%
- AARTCOManaging director · permanent representative Pascal VANHONSEBROUCK
- BOURGONDISCH HOFManaging director · permanent representative Jo LORMANS
- LormansDirector · permanent representative LORMANS Jan
2025 accounts 3 days early3 of 7 deeds summarised
Why 68raises riskEquity €380,805 (15.8% of total assets)Sector: Retail trade (NACE 47)Size: 16.4 FTE, total assets €2.4mlowers riskProfit of €424,154 (financial year 2025)Show the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 42% of its sector peers (NACE 47, small)
Financial strength · tick = 2024
Average
Solvency
41-6
equity 15.8% of total assets
Liquidity
32-3
short-term debt 48.2% · cash 4.8%
Profitability
91+9
return on assets 17.7%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.4 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.2 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026highest value
08-2026: 0.7%▼ -0.1 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.45, compared with 0.67 in 2024, below 1; short-term debt: 48.2% and cash: 4.8% of total assets), and 84.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small): better than 30% on solvency, 33% on liquidity, 92% on profitability and 12% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
23 days early
2023
30 days early
2022
34 days early
2021
13 days early
2020
25 days late
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Appointment: LORMANS (director)Permanent representatives: LORMANS Jan and…
- Highest result from 2018 to 2025net €424,154 ▲52.5%
Financials · financial year 2025, abbreviated format
Turnover
≈ €9.2m
Estimated: probably between €5.6m and €11.0m
Total assets
€2.4m▼ 5.1%
2024 · €2.5m
Net result
€424,154▲ 52.5%
2024 · €278,178
Working capital
-€634,499▼ 105%
2024 · -€309,133
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 69% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.5m
2025
Net result€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.4m
2025
Equity€0.4m
2025
Debt€2.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.6m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)17.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency15.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.45
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)16.4
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.2m▲ 42.4%€0.4m▲ 149%€0.2m▼ 52.6%€0.1m▼ 52.5%€0.1m▲ 47.4%€0.3m▲ 113%€0.5m▲ 69.2%
Net result€0.09m-€0.1m▲ 33.7%€0.3mabove the sector's middle half▲ 159%€0.2mabove the sector's middle half▼ 53.1%€0.07mwithin the sector's middle half▼ 54.4%€0.1mwithin the sector's middle half▲ 52.8%€0.3mabove the sector's middle half▲ 164%€0.4mabove the sector's middle half▲ 52.5%
Equity€0.3m-€0.3m▲ 17.7%€0.4mwithin the sector's middle half▲ 22.0%€0.6mwithin the sector's middle half▲ 37.6%€0.6mwithin the sector's middle half▲ 12.4%€0.7mabove the sector's middle half▲ 16.9%€0.6mwithin the sector's middle half▼ 23.6%€0.4mwithin the sector's middle half▼ 31.6%
Total assets€0.7m-€0.7m▼ 4.2%€0.7mwithin the sector's middle half▲ 6.5%€0.9mwithin the sector's middle half▲ 21.2%€0.8mwithin the sector's middle half▼ 7.4%€0.9mwithin the sector's middle half▲ 10.4%€2.5mabove the sector's middle half▲ 185%€2.4mabove the sector's middle half▼ 5.1%
Debt€0.4m-€0.3m▼ 18.8%€0.3m▼ 8.3%€0.3m▲ 0.2%€0.2m▼ 42.2%€0.2m▼ 11.7%€2.0m▲ 12×€2.0m▲ 2.4%
Working capital€0.1m-€0.2m▲ 55.0%€0.3mwithin the sector's middle half▲ 46.0%€0.4mwithin the sector's middle half▲ 28.3%€0.5mabove the sector's middle half▲ 23.4%€0.6mabove the sector's middle half▲ 17.6%-€0.3mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 105%
Solvency39.9%-49.0%▲ 9.1pp56.1%within the sector's middle half▲ 7.1pp63.7%above the sector's middle half▲ 7.6pp77.3%above the sector's middle half▲ 13.6pp81.9%above the sector's middle half▲ 4.5pp22.0%within the sector's middle half▼ 59.9pp15.8%within the sector's middle half▼ 6.1pp
Current ratio1.32-1.61▲ 0.291.96within the sector's middle half▲ 0.362.23within the sector's middle half▲ 0.273.64above the sector's middle half▲ 1.404.51above the sector's middle half▲ 0.880.67below the sector's middle half▼ 3.850.45below the sector's middle half▼ 0.21
Return on assets (ROA)13.3%-18.5%▲ 5.2pp44.9%above the sector's middle half▲ 26.4pp17.4%above the sector's middle half▼ 27.5pp8.6%within the sector's middle half▼ 8.8pp11.8%above the sector's middle half▲ 3.3pp11.0%within the sector's middle half▼ 0.9pp17.7%above the sector's middle half▲ 6.7pp
Staff (FTE)7.1-7▼ 1.4%6.4within the sector's middle half▼ 8.6%5.1within the sector's middle half▼ 20.3%5.3within the sector's middle half▲ 3.9%6.8within the sector's middle half▲ 28.3%12.2above the sector's middle half▲ 79.4%16.4above the sector's middle half▲ 34.4%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€1.9m ▼ 1.8%
Current assets
€524,954 ▼ 15.2%
Equity and liabilities €2.4m
Equity
€380,805 ▼ 31.6%
Debt
€2.0m ▲ 2.4%
Debt's share of the balance-sheet total rises from 78.0% to 84.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€764,674▲
2024 · €402,767
Cash flow
€666,466▲
2024 · €372,208
Quick ratio
0.21▼
2024 · 0.37
Debt to equity
5.31▲
2024 · 3.55
ROE
111.4%▲
2024 · 50.0%
Interest coverage
15.23▼
2024 · 16.11
Debt ≤ 1 year
€1.2m▲
2024 · €928,082
Debt > 1 year
€862,762▼
2024 · €1.0m
Income taxes
€58,404▲
2024 · €23,795
Staff costs
€593,579▲
2024 · €461,821
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97.3% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97.3%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,613 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.01m | €0.005m | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.2m | €0.2m | €0.5m | €0.6m | ▲ 28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.03m | €0.04m | €0.03m | €0.02m | €0.09m | €0.2m | ▲ 158% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.004m | €0.004m | €0.002m | €0.003m | ▲ 22.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.01m | €0 | €0.004m | - |
| Gross operating margin9900 | €0.4m | €0.4m | €0.7m | €0.4m | €0.3m | €0.4m | €0.9m | €1.4m | ▲ 57.5% |
| Operating profit (loss)9901 | €0.1m | €0.2m | €0.4m | €0.2m | €0.1m | €0.1m | €0.3m | €0.5m | ▲ 69.2% |
| Financial income75/76B | - | - | - | €0.004m | €0.006m | €0.01m | €0.02m | €0.01m | ▼ 43.0% |
| Recurring financial income75 | €0.004m | €0.003m | €0.004m | €0.004m | €0.006m | €0.01m | €0.02m | €0.01m | ▼ 43.0% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.05m | ▲ 101% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | €0.05m | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.2m | €0.4m | €0.2m | €0.09m | €0.1m | €0.3m | €0.5m | ▲ 59.8% |
| Income taxes67/77 | €0.02m | €0.04m | €0.1m | €0.04m | €0.02m | €0.04m | €0.02m | €0.06m | ▲ 145% |
| Profit (loss) for the period9904 | €0.09m | €0.1m | €0.3m | €0.2m | €0.07m | €0.1m | €0.3m | €0.4m | ▲ 52.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.1m | €0.3m | €0.2m | €0.07m | €0.1m | €0.3m | €0.4m | ▲ 52.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.7m | €0.7m | €0.9m | €0.8m | €0.9m | €2.5m | €2.4m | ▼ 5.1% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €1.9m | €1.9m | ▼ 1.8% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €1.9m | €1.9m | ▼ 1.8% |
| Land and buildings22 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 8.8% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.01m | €0.03m | €0.8m | €0.8m | ▼ 0.8% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.04m | €0.002m | €0.009m | €0.007m | ▼ 19.4% |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.04m | €0.08m | €1.1m | €1.0m | ▼ 2.1% |
| Current assets29/58 | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | €0.6m | €0.5m | ▼ 15.2% |
| Stocks and contracts in progress3 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 2.0% |
| Stocks30/36 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 2.0% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.4m | €0.3m | €0.1m | ▼ 59.5% |
| Trade receivables40 | - | - | - | €0.3m | €0.2m | €0.3m | €0.3m | €0.1m | ▼ 60.9% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.06m | €0.01m | €0.02m | €0.01m | ▼ 37.6% |
| Cash at bank and in hand54/58 | €0.1m | €0.07m | €0.02m | €0.08m | €0.1m | €0.08m | €0.04m | €0.1m | ▲ 163% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.003m | €0.002m | €0.004m | €0.009m | ▲ 122% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €0.7m | €0.9m | €0.8m | €0.9m | €2.5m | €2.4m | ▼ 5.1% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €0.6m | €0.6m | €0.7m | €0.6m | €0.4m | ▼ 31.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | €0.5m | €0.4m | ▼ 32.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.6m | €0.7m | €0.5m | €0.3m | ▼ 34.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €2.0m | €2.0m | ▲ 2.4% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €1.0m | €0.9m | ▼ 17.5% |
| Financial debts170/4 | - | - | - | - | - | - | €1.0m | €0.9m | ▼ 17.5% |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.9m | €1.2m | ▲ 24.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.2m | €0.2m | = |
| Trade debts44 | €0.3m | €0.2m | €0.1m | €0.3m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 37.9% |
| Suppliers440/4 | - | - | - | €0.3m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 37.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.05m | €0.08m | €0.08m | ▲ 0.9% |
| Taxes450/3 | - | - | - | €0.004m | €0.004m | €0.01m | €0.009m | €0.01m | ▲ 22.7% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.04m | €0.07m | €0.07m | ▼ 1.6% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | €0.5m | €0.6m | ▲ 33.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.09m | €0.1m | €0.3m | €0.2m | €0.07m | €0.1m | €0.3m | €0.4m | ▲ 52.5% |
| + Depreciation and write-downs630 | €0.04m | €0.04m | €0.03m | €0.04m | €0.03m | €0.02m | €0.09m | €0.2m | ▲ 158% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.3m | €0.2m | €0.1m | €0.1m | €0.4m | €0.7m | ▲ 79.1% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.003m | -€0.1m | -€0.01m | -€0.04m | -€1.8m | -€0.2m | ▲ 88.7% |
| Change in cash | - | -€0.04m | -€0.05m | €0.06m | €0.03m | -€0.03m | -€0.04m | €0.07m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-07-2026 | 2026-00350956 |
| 31-12-2024 | abbreviated format | 08-07-2025 | 2025-00245291 |
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00198141 |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00173983 |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20211181 |
| 31-12-2020 | abbreviated format | 25-08-2021 | 2021-56300495 |
| 31-12-2019 | abbreviated format | 07-07-2020 | 2020-27400160 |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-42300187 |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-35800343 |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-38000034 |
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TANS
BE 0442.119.169
Hasselt · equity €380,073
MAISON COURTAIN
BE 0435.624.030
Villers-la-Ville · equity €380,010
BJ MAX
BE 0668.383.448
Verlaine · equity €381,757
DE.SA.CO. ENGHIEN
BE 0476.112.325
Evere · equity €381,801
Of the 10,337 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 6,014. 3,554 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 to 2025 · 6 entries · €50,605 awarded · €48,544 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 4 | €2,353 | €47,956 |
| 2024 | 2 | €48,252 | €588 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
3 directors, 2 in day-to-day management, last change in 2026
Board 3
AARTCO
CurrentDirector · since 01-07-2023 · Private limited company · permanent representative: Pascal VANHONSEBROUCK
BOURGONDISCH HOF
CurrentDirector · since 01-07-2023 · Private limited company · permanent representative: Jo LORMANS
Lormans
CurrentDirector · since 01-04-2026 · Limited partnership · permanent representative: LORMANS Jan
Day-to-day management 2
AARTCO
CurrentManaging director · since 26-10-2023 · Private limited company · permanent representative: Pascal VANHONSEBROUCK
BOURGONDISCH HOF
CurrentManaging director · since 26-10-2023 · Private limited company · permanent representative: Jo LORMANS
Permanent representatives 3
Jo LORMANS
CurrentPermanent representative · since 01-07-2023 · for BOURGONDISCH HOF
Pascal VANHONSEBROUCK
CurrentPermanent representative · since 01-07-2023 · for AARTCO
LORMANS Jan
CurrentPermanent representative · since 01-04-2026 · for Lormans
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 7 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
5 people since 2023, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| AARTCO |
|
| BOURGONDISCH HOF |
|
| Lormans |
|
| Marc VANHONSEBROUCK |
|
| Ronny WALLAYS |
|
Owners and capital
Owners
2 ownersOwners 2
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
PASCALINO
Shared corporate director
→
Unic Aalter
Shared corporate director
→
VARIA
Shared corporate director
→
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
07-05
Gazette deed
Appointment: LORMANS (director)Permanent representatives: LORMANS Jan and VANHONSEBROUCK Pascal4 facts ▸
Gazette deed
Appointment: LORMANS (director)
Permanent representatives: LORMANS Jan and VANHONSEBROUCK Pascal4 facts ▸
- General meeting, 07-04-2026
- Director appointment, LORMANS (director)
- Permanent representative, LORMANS Jan
- Permanent representative, VANHONSEBROUCK Pascal
2025
31-12
Financial
Highest result from 2018 to 2025net €424,154 ▲52.5%
Operating result €522,362, net result €424,154, both a record.
08-07
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2024
01-07
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
2023
13-11
Gazette deed
Resignations: Marc VANHONSEBROUCK (statutory director) and Ronny WALLAYS (statutory director)Permanent representatives: Pascal VANHONSEBROUCK and Jo LORMANS · Appointments: AARTCO (managing director) and BOURGONDISCH HOF (managing director) · Purpose change20 facts ▸
Gazette deed
Resignations: Marc VANHONSEBROUCK (statutory director) and Ronny WALLAYS (statutory director)
Permanent representatives: Pascal VANHONSEBROUCK and Jo LORMANS · Appointments: AARTCO (managing director) and BOURGONDISCH HOF (managing director) · Purpose change20 facts ▸
- General meeting, 26-10-2023 (2 times)
- Purpose change
- Other provision, “verslag bestuursorgaan over wijziging voorwerp, vereiste verslag inhoudende omstandige verantwoording van geplande wijziging” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “van rechtswege”, 01-01-2020 (deed in Dutch)
- Other provision, “omzetting statutair onbeschikbare eigen vermogensrekeningen, geen statutair onbeschikbaar eigen vermogen” (deed in Dutch)
- Amendment of the articles (5 times)
- Director resignation, Marc VANHONSEBROUCK (statutory director)
- Director resignation, Ronny WALLAYS (statutory director)
- Other provision, “opvolgend statutair bestuurder(voorheen opvolgend statutair zaakvoerder), bevestiging niet-uitoefening mandaat opvolgend statutair bestuurder” (deed in Dutch) (2 times)
- Power of attorney
- Power of attorney, Bernard Loontjens
- +8 further facts in this act
27-09
Gazette deed
Resignations: Marc Vanhonsebrouck (director) and Ronny Wallays (director)Appointments: BV Aartco (director) and BV Bourgondisch Hof (director) · Permanent representatives: Pascal Vanhonsebrouck and Jo Lormans7 facts ▸
Gazette deed
Resignations: Marc Vanhonsebrouck (director) and Ronny Wallays (director)
Appointments: BV Aartco (director) and BV Bourgondisch Hof (director) · Permanent representatives: Pascal Vanhonsebrouck and Jo Lormans7 facts ▸
- General meeting, 30-06-2023
- Director resignation, Marc Vanhonsebrouck (director)
- Director resignation, Ronny Wallays (director)
- Director appointment, BV Aartco (director)
- Director appointment, BV Bourgondisch Hof (director)
- Permanent representative, Pascal Vanhonsebrouck
- Permanent representative, Jo Lormans
27-06
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2022
31-12
Financial
Weakest financial yearnet €68,935 ▼54.4%
Net result drops to €68,935, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
31-12
Financial
Equity above €500,000equity €554,175 ▲37.6%
A profit in every financial year since 2018 builds equity to €554,175.
25-08
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 25 days late
Show earlier events
2020
07-07
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
31-07
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
19-07
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
26-07
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 42 annual accounts filed, the latest 10 are here; all 42 are under Financials.
3 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded26-08-1983
Financial year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424530101
Also
9925:BE0424530101
Registered
18-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyWevelgemunit no. 2.022.865.516
Environmental permits
1 application in Flanders since 2024 · 1 granted
Nieuwbouw of aanleggen; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen; Verwijderen van vrijstaande gebouwen
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1983
Ground area
4,290 m²
Building footprint
1,495 m²
Building volume
8,333 m³
2 parcels, Flanders · tallest building 13.7 m. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
CARREFOUR
since 1983unit no. 2.022.865.516
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34012D0102/00N000 | Flanders | 3,060 m² | 1 · 1,114 m² | 6.5 m · 2 |
| 36008A0232/00N004 | Flanders | 1,231 m² | 1 · 381 m² | 13.7 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- WALVAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij besluit bestuursorgaan met gewone meerderheid mag vennootschap bijhuizen,exploitatiezetels,administratieve…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “11.1.Algemeen, bepaalde of onbepaalde termijn” (deed in Dutch)“11.2.Niet-statutaire bestuurder, gewone meerderheid uitgebrachte stemmen” (deed in Dutch)“11.3.Statutaire bestuurder, statutenwijziging” (deed in Dutch)“In principe onbezoldigd, algemene vergadering bij gewone meerderheid aan bepaalde bestuurders” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aandelenbezit of andere verhouding, wettelijke interestvoet verhoogd met twee procent” (deed in Dutch)“B.Prijs, blijft Aandeelhouder met totaliteit” (deed in Dutch)“Wettelijke interestvoet verhoogd met twee procent, Aandeelhouders of aangebrachte koper” (deed in Dutch)“Verkoopoptie aan kandidaat-overdrager aan Prijs kandidaat-overnemer, alle Aandelen eigendom” (deed in Dutch)“Prijs en voorwaarden afkoop, voorzitter ondernemingsrechtbank op verzoek meest gerede partij” (deed in Dutch)“II.B.Waardering afkoopwaarde, aanhoren voor correcte waardering” (deed in Dutch)“II.C.Twee Aandeelhouders, zonder verhaal” (deed in Dutch)“II.C.Meer dan twee Aandeelhouders, zonder verhaal” (deed in Dutch)“ARTIKEL 10. OVERDRACHT EN OVERGANG VAN AANDELEN EN ANDERE EFFECTEN” (deed in Dutch)“III.TOEGELATEN EFFECTENOVERDRACHTEN, wanneer Aandelen worden overgedragen aan U94-U97” (deed in Dutch)5 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 1 June at 11:45
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed