WALVERT SERVICES
ActiveSummary
WALVERT SERVICES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €100,617 and a net result of -€53,008. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 10% of 4610 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability28▲+2
Solvency28▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.31 in 2023; short-term debt: 97.1% and cash: 0% of total assets), and 97.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
2.9%
Return on assets
-1.5%
Age of the figures
21 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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€53,008
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 4610 sector peers (2024).
NBB · sector comparisonPosition among 4610 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-04-2026, 251 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
not confirmed
2024
251 d late
2023
37 d late
2022
24 d early
2021
4 d late
2020
157 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 91 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€53,008▼ 104%
2023 · -€26,003
Working capital
€43,802▼ 88.3%
2023 · €373,170
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,108▼ 77.6%€2,004▼ 67.2%€53,232▲ 2,556%€83,727▲ 57.3%€188,052▲ 125%
Net result€5,811within the sector's middle half▼ 68.4%€1,974below the sector's middle half▼ 66.0%€4,295within the sector's middle half▲ 118%-€26,003below the sector's middle half-€53,008below the sector's middle half▼ 104%
Equity€173,359within the sector's middle half▲ 3.5%€175,333within the sector's middle half▲ 1.1%€179,628within the sector's middle half▲ 2.4%€153,625within the sector's middle half▼ 14.5%€100,617within the sector's middle half▼ 34.5%
Total assets€434,339within the sector's middle half▼ 16.1%€849,960above the sector's middle half▲ 95.7%€1.4mwithin the sector's middle half▲ 69.2%€1.6mwithin the sector's middle half▲ 14.4%€3.4mwithin the sector's middle half▲ 108%
Debt€260,980▼ 25.5%€674,627▲ 158%€1.3m▲ 86.6%€1.5m▲ 18.5%€3.3m▲ 123%
Working capital€188,169▲ 5.1%€158,358▼ 15.8%€400,625▲ 153%€373,170▼ 6.9%€43,802▼ 88.3%
Solvency39.9%within the sector's middle half▲ 7.6pp20.6%below the sector's middle half▼ 19.3pp12.5%below the sector's middle half▼ 8.1pp9.3%below the sector's middle half▼ 3.1pp2.9%below the sector's middle half▼ 6.4pp
Staff (FTE)13.7within the sector's middle half▲ 270%6.5within the sector's middle half▲ 75.7%6.2within the sector's middle half▼ 4.6%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 125% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.4m
Fixed assets
€56,815 ▼ 17.6%
Current assets
€3.4m ▲ 114%
Equity and liabilities €3.4m
Equity
€100,617 ▼ 34.5%
Debt
€3.3m ▲ 123%
Debt's share of the balance-sheet total rises from 90.7% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€216,877▲
2023 · €107,621
Cash flow
-€24,183▼
2023 · -€2,109
Current ratio
1.01▼
2023 · 1.31
Quick ratio
0.53▲
2023 · 0.04
Debt to equity
33.04▲
2023 · 9.71
ROE
-52.7%▼
2023 · -16.9%
ROA
-1.5%▲
2023 · -1.6%
Interest coverage
1.32▲
2023 · 1.05
Debt ≤ 1 year
€3.3m▲
2023 · €1.2m
Income taxes
€76,834▲
2023 · €7,615
Staff costs
€366,663▲
2023 · €307,334
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,038 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,038 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €18 | - |
| Remuneration, social security and pensions62 | - | €65,789 | €196,648 | €307,334 | €366,663 | ▲ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,498 | €18,068 | €11,057 | €23,894 | €28,825 | ▲ 20.6% |
| Other operating charges640/8 | - | - | - | €150 | €6,029 | ▲ 3,919% |
| Non-recurring operating charges66A | - | €3,600 | - | - | - | - |
| Gross operating margin9900 | €52,080 | €89,461 | €260,937 | €415,105 | €589,569 | ▲ 42.0% |
| Operating profit (loss)9901 | €6,108 | €2,004 | €53,232 | €83,727 | €188,052 | ▲ 125% |
| Financial income75/76B | - | - | - | - | €7 | - |
| Recurring financial income75 | - | - | - | - | €7 | - |
| Financial charges65/66B | - | €30 | €41,802 | €102,115 | €164,234 | ▲ 60.8% |
| Recurring financial charges65 | €79 | €30 | €41,802 | €102,115 | €164,234 | ▲ 60.8% |
| Profit (loss) for the period before taxes9903 | €9,626 | €1,974 | €11,430 | -€18,388 | €23,826 | ▲ 230% |
| Income taxes67/77 | €3,815 | - | €7,135 | €7,615 | €76,834 | ▲ 909% |
| Profit (loss) for the period9904 | €5,811 | €1,974 | €4,295 | -€26,003 | -€53,008 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €5,811 | €1,974 | €4,295 | -€26,003 | -€53,008 | ▼ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €434,339 | €849,960 | €1.4m | €1.6m | €3.4m | ▲ 108% |
| Fixed assets21/28 | €25,626 | €16,975 | €64,003 | €68,958 | €56,815 | ▼ 17.6% |
| Intangible fixed assets21 | €13,337 | - | - | - | - | - |
| Tangible fixed assets22/27 | €12,229 | €15,215 | €62,303 | €61,458 | €49,315 | ▼ 19.8% |
| Plant, machinery and equipment23 | - | €5,927 | €34,878 | €32,080 | €19,576 | ▼ 39.0% |
| Furniture and vehicles24 | - | €9,288 | €27,425 | €29,378 | €29,739 | ▲ 1.2% |
| Financial fixed assets28 | €60 | €1,760 | €1,700 | €7,500 | €7,500 | = |
| Current assets29/58 | €408,713 | €832,985 | €1.4m | €1.6m | €3.4m | ▲ 114% |
| Stocks and contracts in progress3 | €340,000 | €785,833 | €1.3m | €1.5m | €1.6m | ▲ 4.0% |
| Contracts in progress37 | - | €785,833 | €1.3m | €1.5m | €1.6m | ▲ 4.0% |
| Amounts receivable within one year40/41 | €68,590 | €45,127 | €37,051 | €12,779 | €1.8m | ▲ 13,717% |
| Trade receivables40 | - | - | €4,129 | €5,971 | €1.7m | ▲ 28,644% |
| Other amounts receivable41 | - | €45,127 | €32,922 | €6,808 | €49,308 | ▲ 624% |
| Cash at bank and in hand54/58 | €123 | - | €57,709 | €22,657 | €733 | ▼ 96.8% |
| Deferred charges and accrued income490/1 | - | €2,025 | €9,980 | €10,528 | €9,670 | ▼ 8.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €434,339 | €849,960 | €1.4m | €1.6m | €3.4m | ▲ 108% |
| Equity10/15 | €173,359 | €175,333 | €179,628 | €153,625 | €100,617 | ▼ 34.5% |
| Contributions10/11 | - | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Profit (loss) carried forward14 | €3,359 | €5,333 | €9,628 | -€16,375 | -€69,383 | ▼ 324% |
| Amounts payable17/49 | €260,980 | €674,627 | €1.3m | €1.5m | €3.3m | ▲ 123% |
| Amounts payable after more than one year17 | €40,436 | - | €285,000 | €285,000 | - | - |
| Financial debts170/4 | - | - | €285,000 | €285,000 | - | - |
| Amounts payable within one year42/48 | €220,544 | €674,627 | €973,837 | €1.2m | €3.3m | ▲ 176% |
| Current portion of amounts payable after more than one year42 | - | - | €24,685 | €20,000 | - | - |
| Financial debts43 | - | €133,503 | €582,875 | €1.1m | €70,000 | ▼ 93.4% |
| Credit institutions430/8 | - | €70,026 | €70,000 | €70,000 | €70,000 | = |
| Other loans439 | - | €63,477 | €512,875 | €987,684 | - | - |
| Trade debts44 | €41,617 | €416,844 | €334,620 | €109,599 | €1.3m | ▲ 1,083% |
| Suppliers440/4 | - | €416,844 | €334,620 | €109,599 | €1.3m | ▲ 1,083% |
| Taxes, remuneration and social security45 | - | €113,961 | €26,295 | €12,471 | €102,424 | ▲ 721% |
| Taxes450/3 | - | €44,712 | €25,509 | €11,215 | €101,466 | ▲ 805% |
| Remuneration and social security454/9 | - | €69,249 | €786 | €1,256 | €959 | ▼ 23.7% |
| Other amounts payable47/48 | - | €10,319 | €5,362 | €3,040 | €1.9m | ▲ 60,934% |
| Accrued charges and deferred income492/3 | - | - | - | €3,503 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,811 | €1,974 | €4,295 | -€26,003 | -€53,008 | ▼ 104% |
| + Depreciation and write-downs630 | €23,498 | €18,068 | €11,057 | €23,894 | €28,825 | ▲ 20.6% |
| Operating cash flow (approximation) | €29,309 | €20,042 | €15,352 | -€2,109 | -€24,183 | ▼ 1,047% |
| Investment in fixed assets (approximation) | - | -€9,417 | -€58,085 | -€28,849 | -€16,682 | ▲ 42.2% |
| Change in cash | - | - | - | -€35,052 | -€21,924 | ▲ 37.5% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 251 days late
2024
31-12
Financial
Weakest financial yearnet -€53,008
Net result drops to -€53,008, the lowest in the series.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 37 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 157 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €18,413
Net result €18,413 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €167,548 ▲624%
Equity rises from €23,135 to €167,548.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 105 days late
2016
12-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 165 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Directors · office · real estate
Directors
8 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, Farciennes · 1 establishment unit 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.
Rue Odon Godart 86240 FarciennesGround area
4,024 m²
Building footprint
333 m²
Volume, LiDAR
3,591 m³
Parcel 52044B0517/00B004, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
WALVERT
since 20102.189.811.919
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52044B0517/00B004 | Wallonia | 4,024 m² | 1 · 333 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 40,601 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
46190Agents in non-specialised wholesale trade
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826062094
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.