WAPI
ActiveSummary
WAPI has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €400,313 and a net result of €44,166. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+12
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.51 against 1.96 in 2024; short-term debt: 18.4% and cash: 9.4% of total assets), and 22.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.3%
Return on assets
8.5%
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 09-09-2026, 40 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
40 d late
2024
30 d late
2023
92 d late
2022
25 d late
2021
26 d late
2020
18 d late
2019
18 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 36 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€161,946
EBIT margin
53.2%
Net result
€44,166
2024 · -€7,288
Working capital
€143,555▲ 78.6%
2024 · €80,391
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20212022202320242025
Turnover
Operating result€171,469▲ 21.6%€12,476▼ 92.7%€13,225▲ 6.0%-€3,960€56,952
Net result€97,776above the sector's middle half▼ 5.2%€3,677below the sector's middle half▼ 96.2%€6,287within the sector's middle half▲ 71.0%-€7,288below the sector's middle half€44,166within the sector's middle half
EBIT margin
Equity€353,471above the sector's middle half▲ 38.2%€357,148above the sector's middle half▲ 1.0%€363,435above the sector's middle half▲ 1.8%€356,147above the sector's middle half▼ 2.0%€400,313above the sector's middle half▲ 12.4%
Total assets€534,548above the sector's middle half▲ 52.5%€485,195above the sector's middle half▼ 9.2%€467,068above the sector's middle half▼ 3.7%€465,658above the sector's middle half▼ 0.3%€517,766above the sector's middle half▲ 11.2%
Debt€181,077▲ 90.9%€128,047▼ 29.3%€103,633▼ 19.1%€109,511▲ 5.7%€117,453▲ 7.3%
Working capital€59,797▼ 24.7%€54,798▼ 8.4%€67,391▲ 23.0%€80,391▲ 19.3%€143,555▲ 78.6%
Solvency66.1%within the sector's middle half▼ 6.8pp73.6%within the sector's middle half▲ 7.5pp77.8%within the sector's middle half▲ 4.2pp76.5%within the sector's middle half▼ 1.3pp77.3%within the sector's middle half▲ 0.8pp
Staff (FTE)0.30.3=1.1▲ 267%1.4▲ 27.3%2.4▲ 71.4%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €56,952 after a loss of €3,960 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €517,766
Fixed assets
€279,181 ▼ 7.4%
Current assets
€238,585 ▲ 45.4%
Equity and liabilities €517,766
Equity
€400,313 ▲ 12.4%
Debt
€117,453 ▲ 7.3%
Debt's share of the balance-sheet total falls from 23.5% to 22.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91,011▲
2024 · €39,445
Cash flow
€78,226▲
2024 · €36,117
Current ratio
2.51▲
2024 · 1.96
Quick ratio
2.12▲
2024 · 1.80
Debt to equity
0.29▼
2024 · 0.31
ROE
11.0%▲
2024 · -2.0%
ROA
8.5%▲
2024 · -1.6%
Interest coverage
31.95▲
2024 · 9.38
Debt ≤ 1 year
€95,030▲
2024 · €83,744
Debt > 1 year
€22,423▼
2024 · €25,767
Income taxes
€12,598▲
2024 · €769
Staff costs
€84,078▲
2024 · €44,368
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €896 | €38,969 | ▲ 4,250% |
| Remuneration, social security and pensions62 | €3,318 | €7,919 | €35,169 | €44,368 | €84,078 | ▲ 89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,377 | €38,540 | €41,294 | €43,405 | €34,060 | ▼ 21.5% |
| Other operating charges640/8 | €1,316 | €2,174 | €5,654 | €357 | €8,056 | ▲ 2,158% |
| Non-recurring operating charges66A | - | - | - | €300 | - | - |
| Gross operating margin9900 | €202,479 | €61,108 | €95,341 | €84,469 | €183,145 | ▲ 117% |
| Operating profit (loss)9901 | €171,469 | €12,476 | €13,225 | -€3,960 | €56,952 | ▲ 1,538% |
| Financial income75/76B | €38 | €93 | €599 | €1,646 | €2,694 | ▲ 63.7% |
| Recurring financial income75 | €38 | €93 | €599 | €1,646 | €2,694 | ▲ 63.7% |
| Financial charges65/66B | €4,144 | €6,468 | €6,830 | €4,205 | €2,882 | ▼ 31.5% |
| Recurring financial charges65 | €4,144 | €6,468 | €6,830 | €4,205 | €2,849 | ▼ 32.3% |
| Non-recurring financial charges66B | - | - | - | - | €33 | - |
| Profit (loss) for the period before taxes9903 | €167,362 | €6,101 | €6,993 | -€6,519 | €56,764 | ▲ 971% |
| Income taxes67/77 | €69,586 | €2,424 | €706 | €769 | €12,598 | ▲ 1,538% |
| Profit (loss) for the period9904 | €97,776 | €3,677 | €6,287 | -€7,288 | €44,166 | ▲ 706% |
| Profit (loss) for the period to be appropriated9905 | €97,776 | €3,677 | €6,287 | -€7,288 | €44,166 | ▲ 706% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €534,548 | €485,195 | €467,068 | €465,658 | €517,766 | ▲ 11.2% |
| Fixed assets21/28 | €360,136 | €366,090 | €337,340 | €301,523 | €279,181 | ▼ 7.4% |
| Tangible fixed assets22/27 | €359,969 | €365,923 | €337,173 | €301,356 | €279,014 | ▼ 7.4% |
| Land and buildings22 | €259,467 | €260,444 | €245,283 | €226,048 | €206,355 | ▼ 8.7% |
| Plant, machinery and equipment23 | €62,266 | €68,631 | €67,433 | €62,320 | €63,985 | ▲ 2.7% |
| Furniture and vehicles24 | €38,236 | €36,847 | €24,456 | €12,987 | €8,674 | ▼ 33.2% |
| Financial fixed assets28 | €167 | €167 | €167 | €167 | €167 | = |
| Current assets29/58 | €174,412 | €119,105 | €129,728 | €164,135 | €238,585 | ▲ 45.4% |
| Stocks and contracts in progress3 | €13,939 | €19,443 | €8,802 | €13,470 | €36,765 | ▲ 173% |
| Stocks30/36 | €13,939 | €19,443 | €8,802 | €13,470 | €36,765 | ▲ 173% |
| Amounts receivable within one year40/41 | €90,599 | €49,153 | €60,382 | €85,818 | €140,099 | ▲ 63.3% |
| Trade receivables40 | €90,599 | €27,561 | €22,763 | €57,357 | €83,209 | ▲ 45.1% |
| Other amounts receivable41 | - | €21,592 | €37,619 | €28,461 | €56,891 | ▲ 99.9% |
| Cash at bank and in hand54/58 | €67,464 | €49,249 | €55,427 | €61,762 | €48,858 | ▼ 20.9% |
| Deferred charges and accrued income490/1 | €2,410 | €1,259 | €5,117 | €3,085 | €12,863 | ▲ 317% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €534,548 | €485,195 | €467,068 | €465,658 | €517,766 | ▲ 11.2% |
| Equity10/15 | €353,471 | €357,148 | €363,435 | €356,147 | €400,313 | ▲ 12.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €333,471 | €337,148 | €343,435 | €336,147 | €380,313 | ▲ 13.1% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €331,471 | €335,148 | €341,435 | €334,147 | €378,313 | ▲ 13.2% |
| Amounts payable17/49 | €181,077 | €128,047 | €103,633 | €109,511 | €117,453 | ▲ 7.3% |
| Amounts payable after more than one year17 | €66,462 | €63,740 | €41,296 | €25,767 | €22,423 | ▼ 13.0% |
| Financial debts170/4 | €66,462 | €63,740 | €41,296 | €25,767 | €22,423 | ▼ 13.0% |
| Amounts payable within one year42/48 | €114,615 | €64,307 | €62,337 | €83,744 | €95,030 | ▲ 13.5% |
| Current portion of amounts payable after more than one year42 | €16,647 | €22,743 | €22,444 | €15,529 | €11,230 | ▼ 27.7% |
| Trade debts44 | €15,997 | €21,809 | €27,842 | €50,245 | €62,038 | ▲ 23.5% |
| Suppliers440/4 | €12,205 | €21,809 | €27,842 | €50,245 | €62,038 | ▲ 23.5% |
| Bills of exchange payable441 | €3,792 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €34,224 | €19,233 | €12,051 | €14,023 | €21,763 | ▲ 55.2% |
| Taxes450/3 | €31,506 | €16,530 | €1,611 | €2,202 | €13,580 | ▲ 517% |
| Remuneration and social security454/9 | €2,718 | €2,703 | €10,441 | €11,821 | €8,182 | ▼ 30.8% |
| Other amounts payable47/48 | €47,747 | €522 | - | €3,947 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,776 | €3,677 | €6,287 | -€7,288 | €44,166 | ▲ 706% |
| + Depreciation and write-downs630 | €26,377 | €38,540 | €41,294 | €43,405 | €34,060 | ▼ 21.5% |
| Operating cash flow (approximation) | €124,153 | €42,216 | €47,581 | €36,117 | €78,226 | ▲ 117% |
| Investment in fixed assets (approximation) | - | -€44,493 | -€12,544 | -€7,588 | -€11,718 | ▼ 54.4% |
| Change in cash | - | -€18,214 | €6,178 | €6,335 | -€12,905 | ▼ 304% |
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
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-12
Financial
Back to profitnet €44,166
Net result €44,166 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€7,288
Net result drops to -€7,288, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €103,091 ▲111%
Net result €103,091, the highest in the series.
31-12
Financial
Equity above €200,000Eq €255,695 ▲67.6%
3 profitable years in a row build equity to €255,695.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Equity above €150,000Eq €152,604 ▲47%
2 profitable years in a row build equity to €152,604.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Mons · 2 establishment units since 2003
Ground area
1,349 m²
Building footprint
288 m²
Volume, LiDAR
815 m³
3 parcels, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rue de Géronsart(JB) 112, 5100 Namur
since 20032.131.756.924
Les Chocolats De Fabian
since 20212.319.244.858
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92322F0828/00_000 | Wallonia | 724 m² | 1 · 97 m² | 10.1 m · 3 fl. |
| 53059D0001/00F007 | Wallonia | 483 m² | 1 · 52 m² | - |
| 53059D0001/00D007 | Wallonia | 141 m² | 1 · 140 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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 siteMons2.319.244.858
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 5,818 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
Founded11-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
10820Manufacture of cocoa, chocolate and sugar confectionery
62100Computer programming
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480012319
Also
9925:BE0480012319
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.