WAMA-BEEF
ActiveSummary
The annual accounts of WAMA-BEEF for fiscal year 2024 show a net loss of 78% of the equity at the start of that year. The 2024 annual accounts show equity of €384,753 and a net result of -€1.5m. Equity remains stable across the filed fiscal years (±1.7% per year). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-38
Solvency29▼-13
Growth55▲+3
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.55 against 0.76 in 2023; short-term debt: 75.6% and cash: 2.5% of total assets), and 96.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
3.9%
Return on assets
-15.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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
not confirmed
2024
22 d late
2023
on the day
2022
31 d early
2021
38 d late
2020
47 d late
2019
21 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 16 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, unclassified schema
In the rankings
#2 employer in the province of Namur, Advertising and market research sector#2 company by total assets in Ciney, Professional and technical services sector#6 fastest grower in Ciney
Turnover
€24.5m▲ 33.2%
2023 · €18.4m
EBIT margin
-5.3%▼ 4.9pp
2023 · -0.4%
Net result
-€1.5m▼ 241%
2023 · -€431,498
Working capital
-€3.3m▼ 111%
2023 · -€1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Turnover€18.4m€24.5m▲ 33.2%
Operating result-€212,801-€65,810▲ 69.1%€120,793-€74,070-€1.3m▼ 1,667%
Net result-€142,312below the sector's middle half-€108,501below the sector's middle half▲ 23.8%-€56,720below the sector's middle half▲ 47.7%-€431,498▼ 661%-€1.5m▼ 241%
EBIT margin-0.4%-5.3%▼ 4.9pp
Equity€412,172within the sector's middle half▼ 25.7%€2.2mabove the sector's middle half▲ 435%€2.1mabove the sector's middle half▼ 2.6%€1.9m▼ 12.3%€384,753▼ 79.6%
Total assets€4.2mabove the sector's middle half▲ 13.9%€6.7mabove the sector's middle half▲ 61.6%€8.2mabove the sector's middle half▲ 22.0%€10.9m▲ 33.1%€9.8m▼ 10.6%
Debt€3.7m▲ 20.9%€4.5m▲ 20.5%€6.1m▲ 34.0%€9.0m▲ 49.2%€9.4m▲ 3.7%
Working capital-€1.2mbelow the sector's middle half▼ 19.7%-€1.3mbelow the sector's middle half▼ 4.2%-€969,650below the sector's middle half▲ 24.6%-€1.6m▼ 61.2%-€3.3m▼ 111%
Solvency9.9%below the sector's middle half▼ 5.3pp32.8%within the sector's middle half▲ 22.9pp26.2%within the sector's middle half▼ 6.6pp17.3%▼ 8.9pp3.9%▼ 13.3pp
Current ratio0.53below the sector's middle half▲ 0.060.55below the sector's middle half▲ 0.020.72below the sector's middle half▲ 0.170.76▲ 0.040.55▼ 0.21
Return on assets (ROA)-3.4%below the sector's middle half▼ 3.9pp-1.6%below the sector's middle half▲ 1.8pp-0.7%below the sector's middle half▲ 0.9pp-3.9%▼ 3.3pp-15.1%▼ 11.1pp
Staff (FTE)26.2above the sector's middle half▲ 42.4%33.7above the sector's middle half▲ 28.6%36.1above the sector's middle half▲ 7.1%38.8▲ 7.5%39.7▲ 2.3%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.3m in 2024 against €74,070 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.7m
Fixed assets
€5.7m ▼ 4.6%
Current assets
€4.1m ▼ 17.8%
Equity and liabilities €9.8m
Equity
€384,753 ▼ 79.6%
Debt
€9.4m ▲ 3.7%
Debt's share of the balance-sheet total rises from 82.7% to 96.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€528,803▼
2023 · €665,186
Cash flow
-€693,289▼
2023 · €307,758
Quick ratio
0.51▼
2023 · 0.69
Debt to equity
24.37▲
2023 · 4.80
ROE
-382.9%▼
2023 · -22.9%
Interest coverage
-2.77▼
2023 · 3.87
Debt ≤ 1 year
€7.4m▲
2023 · €6.5m
Debt > 1 year
€2.0m▼
2023 · €2.5m
Income taxes
€5,189▲
2023 · €2,879
Staff costs
€2.1m▲
2023 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 175 companies that looked in July 2024 the way this one looks now, 5.7% went bankrupt within 24 months and 85% are still going.
- Small
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
5.7%
went bankrupt
8.6%
stopped otherwise
85%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 175 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €19.5m | €25.1m | ▲ 29.0% |
| Turnover70 | - | - | - | €18.4m | €24.5m | ▲ 33.2% |
| Other operating income74 | - | - | - | €1.1m | €610,144 | ▼ 43.2% |
| Non-recurring operating income76A | - | €60,257 | €356,998 | €8,497 | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | €19.6m | €26.5m | ▲ 35.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | €12.3m | €18.8m | ▲ 53.1% |
| Purchases600/8 | - | - | - | €12.6m | €18.6m | ▲ 48.3% |
| Change in stocks: decrease (increase)609 | - | - | - | -€295,023 | €140,467 | ▲ 148% |
| Services and other goods61 | - | - | - | €4.6m | €4.0m | ▼ 13.1% |
| Remuneration, social security and pensions62 | - | €1.2m | €1.6m | €1.9m | €2.1m | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €481,508 | €552,255 | €811,379 | €739,256 | €779,923 | ▲ 5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €570 | - | €69,062 | €369,689 | ▲ 435% |
| Other operating charges640/8 | - | €117,179 | €261,226 | €204,027 | €233,522 | ▲ 14.5% |
| Operating charges capitalised as restructuring costs649 | - | - | - | -€191,636 | €0 | ▲ 100% |
| Non-recurring operating charges66A | - | €10 | €3,824 | €26,886 | €234,663 | ▲ 773% |
| Gross operating margin9900 | €1.4m | €1.8m | €2.8m | - | - | - |
| Operating profit (loss)9901 | -€212,801 | -€65,810 | €120,793 | -€74,070 | -€1.3m | ▼ 1,667% |
| Financial income75/76B | - | €61,550 | €815 | €13,165 | €33,064 | ▲ 151% |
| Recurring financial income75 | €125,402 | €61,550 | €815 | €13,165 | €33,064 | ▲ 151% |
| Other financial income752/9 | - | - | - | €13,165 | €33,064 | ▲ 151% |
| Financial charges65/66B | - | €102,158 | €175,984 | €367,714 | €192,361 | ▼ 47.7% |
| Recurring financial charges65 | €61,357 | €102,158 | €175,984 | €188,214 | €192,361 | ▲ 2.2% |
| Debt charges650 | - | - | - | €171,960 | €190,940 | ▲ 11.0% |
| Other financial charges652/9 | - | - | - | €16,254 | €1,421 | ▼ 91.3% |
| Non-recurring financial charges66B | - | - | - | €179,500 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€148,756 | -€106,418 | -€54,376 | -€428,619 | -€1.5m | ▼ 243% |
| Income taxes67/77 | -€6,444 | €2,083 | €2,344 | €2,879 | €5,189 | ▲ 80.2% |
| Taxes670/3 | - | - | - | €3,045 | €5,189 | ▲ 70.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €166 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€142,312 | -€108,501 | -€56,720 | -€431,498 | -€1.5m | ▼ 241% |
| Profit (loss) for the period to be appropriated9905 | -€142,312 | -€108,501 | -€56,720 | -€431,498 | -€1.5m | ▼ 241% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €6.7m | €8.2m | €10.9m | €9.8m | ▼ 10.6% |
| Formation expenses20 | €10,259 | €6,498 | €29,421 | €25,320 | €21,464 | ▼ 15.2% |
| Fixed assets21/28 | €2.8m | €5.1m | €5.6m | €5.9m | €5.7m | ▼ 4.6% |
| Intangible fixed assets21 | €253,418 | €242,694 | €261,170 | €456,248 | €307,176 | ▼ 32.7% |
| Tangible fixed assets22/27 | €2.5m | €4.9m | €5.4m | €5.5m | €5.3m | ▼ 2.3% |
| Land and buildings22 | - | €2.7m | €3.2m | €3.3m | €3.3m | ▼ 1.6% |
| Plant, machinery and equipment23 | - | €2.0m | €1.9m | €1.9m | €1.8m | ▼ 3.8% |
| Furniture and vehicles24 | - | €92,569 | €91,120 | €99,876 | €152,110 | ▲ 52.3% |
| Leasing and similar rights25 | - | €92,461 | €181,764 | €107,050 | €56,007 | ▼ 47.7% |
| Financial fixed assets28 | €20,133 | €20,133 | €20,133 | €30,953 | €31,320 | ▲ 1.2% |
| Other financial fixed assets284/8 | - | - | - | €30,953 | €31,320 | ▲ 1.2% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €30,953 | €31,320 | ▲ 1.2% |
| Current assets29/58 | €1.4m | €1.6m | €2.5m | €5.0m | €4.1m | ▼ 17.8% |
| Stocks and contracts in progress3 | €120,431 | €170,282 | €192,868 | €453,647 | €313,180 | ▼ 31.0% |
| Stocks30/36 | - | €170,282 | €192,868 | €453,647 | €313,180 | ▼ 31.0% |
| Goods purchased for resale34 | - | - | - | €453,647 | €313,180 | ▼ 31.0% |
| Amounts receivable within one year40/41 | €1.2m | €1.1m | €2.0m | €4.1m | €3.5m | ▼ 15.4% |
| Trade receivables40 | - | €739,927 | €1.8m | €3.9m | €3.3m | ▼ 15.7% |
| Other amounts receivable41 | - | €372,748 | €246,649 | €232,264 | €206,406 | ▼ 11.1% |
| Cash at bank and in hand54/58 | €17,683 | €84,106 | €161,251 | €325,930 | €246,937 | ▼ 24.2% |
| Deferred charges and accrued income490/1 | - | €214,445 | €144,664 | €69,225 | €37,244 | ▼ 46.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €6.7m | €8.2m | €10.9m | €9.8m | ▼ 10.6% |
| Equity10/15 | €412,172 | €2.2m | €2.1m | €1.9m | €384,753 | ▼ 79.6% |
| Contributions10/11 | €547,959 | €548,012 | €547,959 | €547,959 | €547,959 | = |
| Capital10 | - | €548,012 | - | - | - | - |
| Issued capital100 | - | €548,012 | - | - | - | - |
| Revaluation surpluses12 | - | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Reserves13 | €583 | €583 | €583 | €583 | €583 | = |
| Non-distributable reserves130/1 | - | €583 | €583 | €583 | €583 | = |
| Legal reserve130 | - | €583 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €583 | €583 | €583 | = |
| Profit (loss) carried forward14 | -€231,536 | -€340,404 | -€397,124 | -€828,622 | -€2.3m | ▼ 178% |
| Investment grants15 | - | - | - | €167,580 | €140,697 | ▼ 16.0% |
| Amounts payable17/49 | €3.7m | €4.5m | €6.1m | €9.0m | €9.4m | ▲ 3.7% |
| Amounts payable after more than one year17 | €1.1m | €1.6m | €2.6m | €2.5m | €2.0m | ▼ 21.3% |
| Financial debts170/4 | - | €1.6m | €2.6m | €2.5m | €2.0m | ▼ 21.4% |
| Subordinated loans170 | - | - | - | €1.1m | €872,264 | ▼ 16.9% |
| Credit institutions173 | - | - | - | €1.5m | €1.1m | ▼ 24.5% |
| Other amounts payable178/9 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Amounts payable within one year42/48 | €2.6m | €2.9m | €3.5m | €6.5m | €7.4m | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €314,680 | €428,616 | €540,169 | €612,351 | ▲ 13.4% |
| Financial debts43 | - | €187,404 | €864,104 | €1.7m | €1.6m | ▼ 6.6% |
| Credit institutions430/8 | - | €187,404 | €864,104 | €1.7m | €1.6m | ▼ 6.6% |
| Trade debts44 | €1.8m | €1.8m | €1.7m | €3.9m | €4.9m | ▲ 25.4% |
| Suppliers440/4 | - | €1.8m | €1.7m | €3.9m | €4.9m | ▲ 25.4% |
| Advances received on contracts in progress46 | - | €30,191 | €8,837 | €113 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €495,749 | €481,703 | €330,354 | €227,004 | ▼ 31.3% |
| Taxes450/3 | - | €39,520 | €50,333 | €54,122 | €466 | ▼ 99.1% |
| Remuneration and social security454/9 | - | €456,229 | €431,370 | €276,232 | €226,538 | ▼ 18.0% |
| Other amounts payable47/48 | - | €319 | €155 | - | - | - |
| Accrued charges and deferred income492/3 | - | €16,150 | €3,347 | €6,114 | €25,360 | ▲ 315% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€142,312 | -€108,501 | -€56,720 | -€431,498 | -€1.5m | ▼ 241% |
| + Depreciation and write-downs630 | €481,508 | €552,255 | €811,379 | €739,256 | €779,923 | ▲ 5.5% |
| Operating cash flow (approximation) | €339,196 | €443,754 | €754,659 | €307,758 | -€693,289 | ▼ 325% |
| Investment in fixed assets (approximation) | - | -€2.9m | -€1.3m | -€1.0m | -€505,840 | ▲ 50.9% |
| Change in cash | - | €66,423 | €77,145 | €164,679 | -€78,993 | ▼ 148% |
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
14-07
State Gazette act
Appointment: REWISE S.R.L. (statutory auditor)2 facts ▸
State Gazette act
Appointment: REWISE S.R.L. (statutory auditor)
2 facts ▸
- General meeting, 12-06-2025
- Auditor appointment, REWISE S.R.L. (statutory auditor)
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 38 days late
2021
31-12
Financial
Equity above €2mEq €2.2m ▲435%
Equity rises from €412,172 to €2.2m.
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 47 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
31-12
Financial
Back to profitnet €18,975
Net result €18,975 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
REWISE S.R.L.
CurrentStatutory auditor · since 14-07-2026 · perm. rep.: François Cuitte
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ciney · 2 establishment units since 1996
Ground area
7,758 m²
Building footprint
1,997 m²
Parcel 91030B0220/00T000, Wallonia. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
Allée des Abattoirs 1, 5590 Ciney
since 19962.073.011.249
WAMA-BEEF
since 20232.352.943.153
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0220/00T000 | Wallonia | 7,758 m² | 1 · 1,997 m² | - |
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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| REWISE S.R.L. |
|
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesCiney2.073.011.249
Ciney2.352.943.153
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Identification & contact
Identification
Legal formPrivate limited company
Founded08-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
73200Market research and public opinion polling
46321Wholesale of meat and meat products, excluding game and poultry
47221Retail sale of meat and meat products, excluding game and poultry
47271Retail trade
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455909601
Also
9925:BE0455909601
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.