WAN FA
ActiveThe computed 12-month bankruptcy probability of WAN FA is 2.9% (moderate). The 2025 annual accounts show negative equity (€-101k) and a net result of €-21k. Equity is shrinking by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 13061 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.37 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
-80.3%
Return on assets
-16.8%
Age of the figures
8 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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€101k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
6 d early
2023
5 d early
2022
110 d early
2021
30 d late
2020
24 d late
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-101k▼ 26.5%
2024 · €-80k
2018: €10k
2019: €-13k
2020: €-51k
2021: €-73k
2022: €-88k
2023: €-88k
2024: €-80k
2018 → 2025
Total assets
€125k▲ 25.6%
2024 · €100k
2018: €172k
2019: €149k
2020: €84k
2021: €122k
2022: €101k
2023: €87k
2024: €100k
2018 → 2025
Net result
€-21k
2024 · €8k
2018: €-20k
2019: €-23k
2020: €-38k
2021: €-22k
2022: €-14k
2023: €56
2024: €8k
2018 → 2025
Working capital
€-142k▼ 26.1%
2024 · €-113k
2018: €-45k
2019: €-54k
2020: €-77k
2021: €-96k
2022: €-118k
2023: €-124k
2024: €-113k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-73k-€-88k▼ 19.4%€-88k▲ 0.1%€-80k▲ 9.1%€-101k▼ 26.5%
Operating result€-20k-€-9k▲ 55.6%€4k€12k▲ 172%€-17k
Net result€-22k-€-14k▲ 35.8%€56€8k▲ 14,148%€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€41k▲ 23.7%
Current assets
€84k▲ 26.6%
Key figures and ratios
EBITDA
€-12k▼
2024 · €24k
Cash flow
€-17k▼
2024 · €20k
Solvency
-80.3%▼
2024 · -79.8%
Current ratio
0.37▲
2024 · 0.37
Quick ratio
0.35▲
2024 · 0.31
Debt / equity
-2.24▲
2024 · -2.25
ROE
20.9%▲
2024 · -10.0%
ROA
-16.8%▼
2024 · 8.0%
Interest coverage
-2.74▼
2024 · 5.99
Debt
€226k▲
2024 · €180k
Debt ≤ 1 year
€226k▲
2024 · €179k
Staff costs
€58k▲
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€100k€125k▲
Fixed assets21/28€33k€41k▲
Tangible fixed assets22/27€17k€23k▲
Plant, machinery and equipment23€7k€7k▼
Furniture and vehicles24€10k€16k▲
Financial fixed assets28€16k€18k▲
Current assets29/58€67k€84k▲
Stocks and contracts in progress3€11k€5k▼
Stocks30/36€11k€5k▼
Amounts receivable within one year40/41€38k€48k▲
Trade receivables40€37k€47k▲
Other amounts receivable41€2k€900▼
Cash at bank and in hand54/58€17k€19k▲
Deferred charges and accrued income490/1€771€11k▲
Equity and liabilities
Total equity and liabilities10/49€100k€125k▲
Equity10/15€-80k€-101k▼
Contributions10/11€75k€75k=
Profit (loss) carried forward14€-155k€-176k▼
Amounts payable17/49€180k€226k▲
Amounts payable within one year42/48€179k€226k▲
Current portion of amounts payable after more than one year42€7k-
Trade debts44€43k€101k▲
Suppliers440/4€43k€101k▲
Advances received on contracts in progress46€21k€831▼
Taxes, remuneration and social security45€39k€59k▲
Taxes450/3€22k€34k▲
Remuneration and social security454/9€17k€25k▲
Other amounts payable47/48€69k€64k▼
Accrued charges and deferred income492/3€384-
Income statement
Code20242025
Remuneration, social security and pensions62€40k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€4k▼
Other operating charges640/8€3k€7k▲
Non-recurring operating charges66A€17k€5k▼
Gross operating margin9900€84k€57k▼
Operating profit (loss)9901€12k€-17k▼
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€8k€-21k▼
Profit (loss) for the period9904€8k€-21k▼
Profit (loss) for the period to be appropriated9905€8k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-155k€-176k▼
Profit (loss) brought forward from the previous period14P€-163k€-155k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €8k ▲14148%
Operating result €12k, net result €8k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €56
Net result €56 after 5 loss-making years.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Thuin · 1 establishment unit since 2014
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 de Beaumont(GOZ) 186534 ThuinGround area
6,255 m²
Building footprint
855 m²
Volume, LiDAR
3,746 m³
Parcel 56030C0409/00K000, Wallonia · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Fiesta Grill
since 20142.231.453.920
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56030C0409/00K000 | Wallonia | 6,255 m² | 1 · 854 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteThuin2.231.453.920
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 6,913 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2014
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.