WAP
ActiveSummary
WAP has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €103,219 and a net result of €13,031. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+8
Solvency90▲+22
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.44 against 1.24 in 2023; short-term debt: 28% and cash: 41% of total assets), and 34.6% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
23 d late
2022
20 d early
2021
22 d late
2020
16 d late
2019
41 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 14 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€103,219▲ 14.4%
2023 · €90,188
Total assets
€157,798▼ 24.8%
2023 · €209,804
Net result
€13,031▲ 209%
2023 · €4,217
Working capital
€63,625▲ 270%
2023 · €17,173
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€18,985▲ 256%€26,607▲ 40.1%€19,512▼ 26.7%€8,887▼ 54.5%€19,853▲ 123%
Net result€15,836within the sector's middle half▲ 300%€19,748within the sector's middle half▲ 24.7%€14,426within the sector's middle half▼ 26.9%€4,217within the sector's middle half▼ 70.8%€13,031within the sector's middle half▲ 209%
Equity€89,397within the sector's middle half▲ 21.5%€71,545within the sector's middle half▼ 20.0%€85,971within the sector's middle half▲ 20.2%€90,188within the sector's middle half▲ 4.9%€103,219within the sector's middle half▲ 14.4%
Total assets€169,368within the sector's middle half▲ 37.1%€257,345within the sector's middle half▲ 51.9%€294,712within the sector's middle half▲ 14.5%€209,804within the sector's middle half▼ 28.8%€157,798within the sector's middle half▼ 24.8%
Debt€79,971▲ 59.9%€185,800▲ 132%€208,741▲ 12.3%€119,616▼ 42.7%€54,579▼ 54.4%
Working capital€44,381within the sector's middle half▼ 18.1%€12,584within the sector's middle half▼ 71.6%€20below the sector's middle half▼ 99.8%€17,173within the sector's middle half▲ 85,895%€63,625within the sector's middle half▲ 270%
Solvency52.8%within the sector's middle half▼ 6.7pp27.8%within the sector's middle half▼ 25.0pp29.2%within the sector's middle half▲ 1.4pp43.0%within the sector's middle half▲ 13.8pp65.4%within the sector's middle half▲ 22.4pp
Current ratio1.83within the sector's middle half▼ 0.291.11below the sector's middle half▼ 0.731.00below the sector's middle half▼ 0.111.24within the sector's middle half▲ 0.242.44within the sector's middle half▲ 1.20
Return on assets (ROA)9.3%within the sector's middle half▲ 6.1pp7.7%within the sector's middle half▼ 1.7pp4.9%within the sector's middle half▼ 2.8pp2.0%within the sector's middle half▼ 2.9pp8.3%within the sector's middle half▲ 6.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 123% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €157,798
Fixed assets
€49,999 ▼ 59.1%
Current assets
€107,799 ▲ 23.1%
Equity and liabilities €157,798
Equity
€103,219 ▲ 14.4%
Debt
€54,579 ▼ 54.4%
Debt's share of the balance-sheet total falls from 57.0% to 34.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57,954▼
2023 · €58,964
Cash flow
€51,132▼
2023 · €54,294
Quick ratio
2.25▲
2023 · 1.13
Debt to equity
0.53▼
2023 · 1.33
ROE
12.6%▲
2023 · 4.7%
Interest coverage
16.67▼
2023 · 17.00
Debt ≤ 1 year
€44,174▼
2023 · €70,415
Debt > 1 year
€10,405▼
2023 · €48,677
Income taxes
€3,978▲
2023 · €1,532
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | - | €0 | - | - | €10,303 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,443 | €21,583 | €44,097 | €50,077 | €38,101 | ▼ 23.9% |
| Other operating charges640/8 | - | €2,157 | €2,956 | €2,884 | €3,825 | ▲ 32.6% |
| Gross operating margin9900 | €36,503 | €50,347 | €66,565 | €61,848 | €61,779 | ▼ 0.1% |
| Operating profit (loss)9901 | €18,985 | €26,607 | €19,512 | €8,887 | €19,853 | ▲ 123% |
| Financial income75/76B | - | €417 | €3,171 | €331 | €633 | ▲ 91.3% |
| Recurring financial income75 | €1,009 | €417 | €3,171 | €331 | €633 | ▲ 91.3% |
| Financial charges65/66B | - | €1,314 | €3,181 | €3,469 | €3,477 | ▲ 0.2% |
| Recurring financial charges65 | €1,618 | €1,314 | €3,181 | €3,469 | €3,477 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €18,376 | €25,710 | €19,502 | €5,749 | €17,009 | ▲ 196% |
| Income taxes67/77 | €2,540 | €5,962 | €5,076 | €1,532 | €3,978 | ▲ 160% |
| Profit (loss) for the period9904 | €15,836 | €19,748 | €14,426 | €4,217 | €13,031 | ▲ 209% |
| Profit (loss) for the period to be appropriated9905 | €15,836 | €19,748 | €14,426 | €4,217 | €13,031 | ▲ 209% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €169,368 | €257,345 | €294,712 | €209,804 | €157,798 | ▼ 24.8% |
| Fixed assets21/28 | €71,722 | €125,997 | €164,871 | €122,216 | €49,999 | ▼ 59.1% |
| Tangible fixed assets22/27 | €70,222 | €124,497 | €163,236 | €120,581 | €48,364 | ▼ 59.9% |
| Plant, machinery and equipment23 | - | €35,293 | €27,988 | €20,378 | €8,927 | ▼ 56.2% |
| Furniture and vehicles24 | - | €89,204 | €135,248 | €100,204 | €39,437 | ▼ 60.6% |
| Financial fixed assets28 | €1,500 | €1,500 | €1,635 | €1,635 | €1,635 | = |
| Current assets29/58 | €97,647 | €131,348 | €129,841 | €87,588 | €107,799 | ▲ 23.1% |
| Stocks and contracts in progress3 | €4,436 | €5,236 | €6,005 | €8,362 | €8,362 | = |
| Stocks30/36 | - | €5,236 | €6,005 | €8,362 | €8,362 | = |
| Amounts receivable within one year40/41 | €51,460 | €51,259 | €40,916 | €51,680 | €29,640 | ▼ 42.6% |
| Trade receivables40 | - | €32,494 | €33,527 | €38,614 | €7,109 | ▼ 81.6% |
| Other amounts receivable41 | - | €18,765 | €7,389 | €13,066 | €22,531 | ▲ 72.4% |
| Cash at bank and in hand54/58 | €29,028 | €64,871 | €81,524 | €18,523 | €64,690 | ▲ 249% |
| Deferred charges and accrued income490/1 | - | €9,982 | €1,396 | €9,023 | €5,107 | ▼ 43.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €169,368 | €257,345 | €294,712 | €209,804 | €157,798 | ▼ 24.8% |
| Equity10/15 | €89,397 | €71,545 | €85,971 | €90,188 | €103,219 | ▲ 14.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €81,337 | €51,085 | €65,511 | €69,728 | €82,759 | ▲ 18.7% |
| Amounts payable17/49 | €79,971 | €185,800 | €208,741 | €119,616 | €54,579 | ▼ 54.4% |
| Amounts payable after more than one year17 | €26,706 | €67,036 | €78,920 | €48,677 | €10,405 | ▼ 78.6% |
| Financial debts170/4 | - | €67,036 | €78,920 | €48,677 | €10,405 | ▼ 78.6% |
| Amounts payable within one year42/48 | €53,266 | €118,764 | €129,821 | €70,415 | €44,174 | ▼ 37.3% |
| Current portion of amounts payable after more than one year42 | - | €20,119 | €31,151 | €36,103 | €16,810 | ▼ 53.4% |
| Trade debts44 | €12,878 | €23,144 | €26,323 | €17,620 | €9,449 | ▼ 46.4% |
| Suppliers440/4 | - | €23,144 | €26,323 | €17,620 | €9,449 | ▼ 46.4% |
| Taxes, remuneration and social security45 | - | €11,827 | €18,045 | €12,655 | €3,975 | ▼ 68.6% |
| Taxes450/3 | - | €8,567 | €11,071 | €5,151 | €75 | ▼ 98.5% |
| Remuneration and social security454/9 | - | €3,260 | €6,974 | €7,504 | €3,900 | ▼ 48.0% |
| Other amounts payable47/48 | - | €63,674 | €54,302 | €4,037 | €13,941 | ▲ 245% |
| Accrued charges and deferred income492/3 | - | - | - | €525 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,836 | €19,748 | €14,426 | €4,217 | €13,031 | ▲ 209% |
| + Depreciation and write-downs630 | €13,443 | €21,583 | €44,097 | €50,077 | €38,101 | ▼ 23.9% |
| Operating cash flow (approximation) | €29,279 | €41,331 | €58,523 | €54,294 | €51,132 | ▼ 5.8% |
| Investment in fixed assets (approximation) | - | -€75,859 | -€82,971 | -€7,423 | €34,117 | ▲ 560% |
| Change in cash | - | €35,843 | €16,653 | -€63,002 | €46,167 | ▲ 173% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €103,219 ▲14.4%
7 profitable years in a row build equity to €103,219.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Weakest financial yearnet €3,963 ▼85.2%
Net result drops to €3,963, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Wommelgem · 1 establishment unit since 2016
Ground area
241 m²
Building footprint
110 m²
Volume, LiDAR
586 m³
Parcel 11052D0188/00C004, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WAP
since 20162.249.077.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052D0188/00C004 | Flanders | 241 m² | 1 · 110 m² | 7.8 m · 2 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 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,541 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
Founded06-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
47813Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645654368
Also
9925:BE0645654368
Registered
18-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.