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WAPA

Active
Public limited companyfounded 198837 yrs activeMolenstraat(Wak) 38, 8720 Dentergem, BelgiumKBO/BCE: BE 0436.427.348
Summary

WAPA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,303 and a net result of €14,920. Equity is shrinking by ~11.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 78% of 717 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

What they do
Artisanal bread and fresh pastry making
NACE 10712NACE 15812
#6 oldest company in Dentergem, Manufacturing sector1 site
How big
€159,203total assets 2025
Equity
€101,303
Profit
€14,920
Financially healthy?
76 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Who decides
Parent
In de Klok · 100%
Accounts filed 25 d late0 of 3 deeds read
Why 76- Higher-failure-rate sector+ Long track record+ Lower-risk legal form+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability61▲+2
Solvency89▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.04 in 2024; short-term debt: 35.6% and cash: 24.8% of total assets), and 36.4% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
63.6%
Return on assets
9.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 filings
Deviation from the deadline
2025
25 d late
2024
31 d early
2023
26 d late
2022
48 d early
2021
5 d late
2020
4 d early
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 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 5 August (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Caution: Among the weakest 16% on equitysector median €2.0m · 717 companies €101,303 View
  • Positive: 8 profitable years in a rowprofit 2025: €14,920 8 years View
  • Controlled by In de Klok 100% View

By topic

Financials

Fiscal year
2025
Total assets
€159,203
Profit
€14,920
Solvency
63.6%
Total assets▲ 2.6%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 25-08-2026Annual accounts filed
  2. 30-06-2025Annual accounts filed
  3. 26-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Artisanal bread and fresh pastry makingNACE 10712
Founded
30-12-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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