WALZINC
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-09-2024, 51 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
51 d late
2022
59 d late
2021
120 d late
2020
30 d late
2019
94 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 71 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Engineering and related technical consultancy, excluding land surveyors sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€77,056▼ 72.7%
2022 · -€44,621
Total assets
€286,804▼ 7.2%
2022 · €308,955
Net result
-€32,435▼ 76.7%
2022 · -€18,358
Working capital
-€159,003▼ 6.9%
2022 · -€148,808
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€78,361-€8,068-€15,405▼ 90.9%-€16,561▼ 7.5%-€31,730▼ 91.6%
Net result€78,175-€9,120below the sector's middle half-€16,035below the sector's middle half▼ 75.8%-€18,358below the sector's middle half▼ 14.5%-€32,435below the sector's middle half▼ 76.7%
Equity-€1,107▲ 98.6%-€10,227below the sector's middle half▼ 824%-€26,263below the sector's middle half▼ 157%-€44,621below the sector's middle half▼ 69.9%-€77,056below the sector's middle half▼ 72.7%
Total assets€190,358▲ 1,863%€248,393within the sector's middle half▲ 30.5%€278,644within the sector's middle half▲ 12.2%€308,955within the sector's middle half▲ 10.9%€286,804within the sector's middle half▼ 7.2%
Debt€191,465▲ 115%€258,620▲ 35.1%€304,907▲ 17.9%€353,576▲ 16.0%€363,860▲ 2.9%
Working capital-€29,126▼ 45.4%-€89,291below the sector's middle half▼ 207%-€98,557below the sector's middle half▼ 10.4%-€148,808below the sector's middle half▼ 51.0%-€159,003below the sector's middle half▼ 6.9%
Solvency-0.6%▲ 817.2pp-4.1%below the sector's middle half▼ 3.5pp-9.4%below the sector's middle half▼ 5.3pp-14.4%below the sector's middle half▼ 5.0pp-26.9%below the sector's middle half▼ 12.4pp
Current ratio0.53▲ 0.220.25below the sector's middle half▼ 0.280.28below the sector's middle half▲ 0.030.18below the sector's middle half▼ 0.100.16below the sector's middle half▼ 0.01
Return on assets (ROA)41.1%▲ 641.4pp-3.7%below the sector's middle half▼ 44.7pp-5.8%below the sector's middle half▼ 2.1pp-5.9%below the sector's middle half▼ 0.2pp-11.3%below the sector's middle half▼ 5.4pp
Staff (FTE)1below the sector's middle half1below the sector's middle half=1below the sector's middle half=0.2▼ 80.0%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31,730 in 2023 against €16,561 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €286,804
Fixed assets
€255,736 ▼ 7.7%
Current assets
€31,068 ▼ 2.4%
Equity and liabilities
Equity-€77,056
Debt€363,860
Equity is negative: debt (€363,860) exceeds the balance-sheet total (€286,804).
Key figures and ratios
EBITDA
€8,459▼
2022 · €21,746
Cash flow
€7,754▼
2022 · €19,949
Interest coverage
8.13▼
2022 · 9.89
Debt ≤ 1 year
€190,071▲
2022 · €180,650
Debt > 1 year
€171,180=
2022 · €171,180
Staff costs
€11,745▼
2022 · €59,333
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 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,014 | €59,333 | €11,745 | ▼ 80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,902 | €25,537 | €30,801 | €38,308 | €40,189 | ▲ 4.9% |
| Other operating charges640/8 | - | - | - | €348 | €1,737 | ▲ 400% |
| Gross operating margin9900 | €115,213 | €36,930 | €22,410 | €81,427 | €21,941 | ▼ 73.1% |
| Operating profit (loss)9901 | €78,361 | -€8,068 | -€15,405 | -€16,561 | -€31,730 | ▼ 91.6% |
| Financial income75/76B | - | - | €258 | €402 | €335 | ▼ 16.7% |
| Recurring financial income75 | - | - | €258 | €402 | €335 | ▼ 16.7% |
| Financial charges65/66B | - | - | €888 | €2,199 | €1,040 | ▼ 52.7% |
| Recurring financial charges65 | €186 | €1,053 | €888 | €2,199 | €1,040 | ▼ 52.7% |
| Profit (loss) for the period before taxes9903 | €78,175 | -€9,120 | -€16,035 | -€18,358 | -€32,435 | ▼ 76.7% |
| Profit (loss) for the period9904 | €78,175 | -€9,120 | -€16,035 | -€18,358 | -€32,435 | ▼ 76.7% |
| Profit (loss) for the period to be appropriated9905 | €78,175 | -€9,120 | -€16,035 | -€18,358 | -€32,435 | ▼ 76.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,358 | €248,393 | €278,644 | €308,955 | €286,804 | ▼ 7.2% |
| Fixed assets21/28 | €157,699 | €218,520 | €240,356 | €277,113 | €255,736 | ▼ 7.7% |
| Intangible fixed assets21 | €152,114 | €212,935 | €234,771 | €271,528 | €250,151 | ▼ 7.9% |
| Financial fixed assets28 | €5,585 | €5,585 | €5,585 | €5,585 | €5,585 | = |
| Current assets29/58 | €32,658 | €29,873 | €38,288 | €31,841 | €31,068 | ▼ 2.4% |
| Amounts receivable within one year40/41 | €31,463 | €29,603 | €38,083 | €31,834 | €31,020 | ▼ 2.6% |
| Trade receivables40 | - | - | - | €2,118 | - | - |
| Other amounts receivable41 | - | - | €38,083 | €29,716 | €31,020 | ▲ 4.4% |
| Cash at bank and in hand54/58 | €1,195 | €270 | €205 | €8 | €48 | ▲ 521% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,358 | €248,393 | €278,644 | €308,955 | €286,804 | ▼ 7.2% |
| Equity10/15 | -€1,107 | -€10,227 | -€26,263 | -€44,621 | -€77,056 | ▼ 72.7% |
| Contributions10/11 | €14,100 | - | €14,100 | €14,100 | €14,100 | = |
| Profit (loss) carried forward14 | -€15,207 | -€24,327 | -€40,363 | -€58,721 | -€91,156 | ▼ 55.2% |
| Amounts payable17/49 | €191,465 | €258,620 | €304,907 | €353,576 | €363,860 | ▲ 2.9% |
| Amounts payable after more than one year17 | €129,680 | €139,180 | €167,180 | €171,180 | €171,180 | = |
| Financial debts170/4 | - | - | €167,180 | €171,180 | €171,180 | = |
| Amounts payable within one year42/48 | €61,785 | €119,164 | €136,845 | €180,650 | €190,071 | ▲ 5.2% |
| Trade debts44 | €10,930 | €4,319 | €8,608 | €19,873 | €3,691 | ▼ 81.4% |
| Suppliers440/4 | - | - | €8,608 | €19,873 | €3,691 | ▼ 81.4% |
| Taxes, remuneration and social security45 | - | - | €13,573 | €38,939 | €45,625 | ▲ 17.2% |
| Taxes450/3 | - | - | - | €814 | €9,991 | ▲ 1,127% |
| Remuneration and social security454/9 | - | - | €13,573 | €38,125 | €35,634 | ▼ 6.5% |
| Other amounts payable47/48 | - | - | €114,665 | €121,839 | €140,755 | ▲ 15.5% |
| Accrued charges and deferred income492/3 | - | - | €882 | €1,746 | €2,609 | ▲ 49.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,175 | -€9,120 | -€16,035 | -€18,358 | -€32,435 | ▼ 76.7% |
| + Depreciation and write-downs630 | €16,902 | €25,537 | €30,801 | €38,308 | €40,189 | ▲ 4.9% |
| Operating cash flow (approximation) | €95,077 | €16,417 | €14,766 | €19,949 | €7,754 | ▼ 61.1% |
| Investment in fixed assets (approximation) | - | -€86,358 | -€52,638 | -€75,064 | -€18,812 | ▲ 74.9% |
| Change in cash | - | -€925 | -€65 | -€198 | €41 | ▲ 121% |
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
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 120 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
31-12
Financial
Back to profitnet €78,175
Net result €78,175 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel)
Ground area
179 m²
Building footprint
95 m²
Volume, LiDAR
1,377 m³
Parcel 21013B0194/00M005, Brussels · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0194/00M005 | Brussels | 179 m² | 1 · 95 m² | 19.3 m · 5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2023 annual accounts of WALZINC and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,567 companies in this sector we hold annual accounts for 6,567. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded08-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670845070
Also
9925:BE0670845070
Registered
19-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.