WAPI 2020

Active

Public limited companyfounded 20179 yrs activeRue du Progrès(FRY) 24/1, 7503 Tournai, BelgiumKBO/BCE: BE 0672.421.123

Summary

WAPI 2020 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.3m and a net result of €195,541. Equity is growing by ~6.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysis Watch Report Compare

WAPI 2020ActiveChecked score 69/100

Risk analysis Report Compare

Checked score

Score 2025

69 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability41▲+10

Solvency100=

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1,050,000 at 30 days acceptable

Liquidity ample (current ratio 55.27 against 29.87 in 2024; short-term debt: 0.6% and cash: 2.6% of total assets), and 0.6% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

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

99.4%

Return on assets

1.3%

Age of the figures

15 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-12-2025, 60 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

60 d early

2024

60 d early

2023

57 d early

2022

56 d early

2021

55 d early

2020

41 d early

2019

57 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 55 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 5 December (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-06-2026 close30-09-2026 today31-01-2027 deadline

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

History

On 6 March 2017, WAPI 2020 was incorporated.¹ Total assets went from EUR 9.4 million in 2019 to EUR 15 million in 2025.²

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Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€195,541

2024 · -€413,294

Working capital

€5.2m▲ 84.2%

2024 · €2.8m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result-€125,082▲ 4.0%-€113,897▲ 8.9%-€134,987▼ 18.5%-€131,715▲ 2.4%-€100,338▲ 23.8%

Net result-€346,050▲ 73.8%-€444,788▼ 28.5%€179,471-€413,294€195,541

Equity€15.8m▲ 53.4%€15.4m▼ 2.8%€15.5m▲ 1.2%€15.1m▼ 2.7%€15.3m▲ 1.3%

Total assets€15.8m▲ 16.2%€15.5m▼ 2.3%€15.7m▲ 1.3%€15.2m▼ 2.8%€15.4m▲ 1.3%

Debt€30,873▼ 99.1%€106,508▲ 245%€128,077▲ 20.3%€97,027▼ 24.2%€95,064▼ 2.0%

Working capital€3.1m€3.2m▲ 3.6%€747,778▼ 77.0%€2.8m▲ 275%€5.2m▲ 84.2%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €100,338 in 2025 against €131,715 in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €15.4m

65.9%

34.1%

Fixed assets €10.2m ▼ 17.6%

Current assets €5.3m ▲ 81.3%

Equity and liabilities €15.4m

99.4%

Equity €15.3m ▲ 1.3%

Debt €95,064 ▼ 2.0%

Debt's share of the balance-sheet total stays at 0.6%.

Key figures and ratios

2025 value · change against 2024

Current ratio

55.27▲

2024 · 29.87

Debt to equity

0.01▼

2024 · 0.01

ROE

1.3%▲

2024 · -2.7%

ROA

1.3%▲

2024 · -2.7%

Debt ≤ 1 year

€95,064▼

2024 · €97,027

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines

Balance sheet Code20242025

Assets

Total assets20/58€15.2m€15.4m▲

Fixed assets21/28€12.3m€10.2m▼

Financial fixed assets28€12.3m€10.2m▼

Current assets29/58€2.9m€5.3m▲

Amounts receivable within one year40/41€20,277€27,827▲

Other amounts receivable41€20,277€27,827▲

Current investments50/53€57,184€4.8m▲

Cash at bank and in hand54/58€2.8m€395,479▼

Deferred charges and accrued income490/1€16,761€36,250▲

Equity and liabilities

Total equity and liabilities10/49€15.2m€15.4m▲

Equity10/15€15.1m€15.3m▲

Contributions10/11€17.6m€17.6m=

Capital10€17.6m€17.6m=

Issued capital100€17.6m€17.6m=

Profit (loss) carried forward14-€2.5m-€2.3m▲

Amounts payable17/49€97,027€95,064▼

Amounts payable within one year42/48€97,027€95,064▼

Trade debts44€97,027€95,064▼

Suppliers440/4€97,027€95,064▼

Income statement Code20242025

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18,584-€9,373▼

Other operating charges640/8€960€968▲

Gross operating margin9900-€112,171-€108,743▲

Operating profit (loss)9901-€131,715-€100,338▲

Financial income75/76B€760,081€509,116▼

Recurring financial income75€512,320€470,877▼

Non-recurring financial income76B€247,761€38,239▼

Financial charges65/66B€1.0m€213,237▼

Recurring financial charges65€764€281▼

Non-recurring financial charges66B€1.0m€212,956▼

Profit (loss) for the period before taxes9903-€413,294€195,541▲

Profit (loss) for the period9904-€413,294€195,541▲

Profit (loss) for the period to be appropriated9905-€413,294€195,541▲

Appropriation of the result

Profit (loss) to be appropriated9906-€2.5m-€2.3m▲

Profit (loss) brought forward from the previous period14P-€2.1m-€2.5m▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	€129	€18,584	-€9,373	▼ 150%
Other operating charges640/8	-	€868	€2,868	€960	€968	▲ 0.8%
Gross operating margin9900	-€123,214	-€113,029	-€131,990	-€112,171	-€108,743	▲ 3.1%
Operating profit (loss)9901	-€125,082	-€113,897	-€134,987	-€131,715	-€100,338	▲ 23.8%
Financial income75/76B	-	€385,967	€608,717	€760,081	€509,116	▼ 33.0%
Recurring financial income75	€352,989	€349,995	€482,304	€512,320	€470,877	▼ 8.1%
Non-recurring financial income76B	-	€35,972	€126,413	€247,761	€38,239	▼ 84.6%
Financial charges65/66B	-	€716,858	€294,259	€1.0m	€213,237	▼ 79.5%
Recurring financial charges65	€13,004	€1,785	€349	€764	€281	▼ 63.2%
Non-recurring financial charges66B	-	€715,073	€293,910	€1.0m	€212,956	▼ 79.5%
Profit (loss) for the period before taxes9903	-€346,050	-€444,788	€179,471	-€413,294	€195,541	▲ 147%
Profit (loss) for the period9904	-€346,050	-€444,788	€179,471	-€413,294	€195,541	▲ 147%
Profit (loss) for the period to be appropriated9905	-€346,050	-€444,788	€179,471	-€413,294	€195,541	▲ 147%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€15.8m	€15.5m	€15.7m	€15.2m	€15.4m	▲ 1.3%
Fixed assets21/28	€12.7m	€12.1m	€14.8m	€12.3m	€10.2m	▼ 17.6%
Financial fixed assets28	€12.7m	€12.1m	€14.8m	€12.3m	€10.2m	▼ 17.6%
Current assets29/58	€3.2m	€3.4m	€875,855	€2.9m	€5.3m	▲ 81.3%
Amounts receivable within one year40/41	€72,911	€2.7m	€189,201	€20,277	€27,827	▲ 37.2%
Trade receivables40	-	€3,449	€14,941	-	-	-
Other amounts receivable41	-	€2.7m	€174,260	€20,277	€27,827	▲ 37.2%
Current investments50/53	€114,734	€82,603	€78,180	€57,184	€4.8m	▲ 8,285%
Cash at bank and in hand54/58	€2.9m	€597,248	€587,067	€2.8m	€395,479	▼ 85.9%
Deferred charges and accrued income490/1	-	€18,479	€21,407	€16,761	€36,250	▲ 116%
Equity and liabilities
Total equity and liabilities10/49	€15.8m	€15.5m	€15.7m	€15.2m	€15.4m	▲ 1.3%
Equity10/15	€15.8m	€15.4m	€15.5m	€15.1m	€15.3m	▲ 1.3%
Contributions10/11	€17.6m	€17.6m	€17.6m	€17.6m	€17.6m	=
Capital10	-	€17.6m	€17.6m	€17.6m	€17.6m	=
Issued capital100	-	€17.6m	€17.6m	€17.6m	€17.6m	=
Profit (loss) carried forward14	-€1.8m	-€2.2m	-€2.1m	-€2.5m	-€2.3m	▲ 7.9%
Amounts payable17/49	€30,873	€106,508	€128,077	€97,027	€95,064	▼ 2.0%
Amounts payable within one year42/48	€30,873	€106,508	€128,077	€97,027	€95,064	▼ 2.0%
Trade debts44	€30,873	€106,508	€128,077	€97,027	€95,064	▼ 2.0%
Suppliers440/4	-	€106,508	€128,077	€97,027	€95,064	▼ 2.0%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	-€346,050	-€444,788	€179,471	-€413,294	€195,541	▲ 147%
Operating cash flow (approximation)	-€346,050	-€444,788	€179,471	-€413,294	€195,541	▲ 147%
Investment in fixed assets (approximation)	-	€558,268	-€2.7m	€2.5m	€2.2m	▼ 12.3%
Change in cash	-	-€2.4m	-€10,181	€2.2m	-€2.4m	▼ 209%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 15Financial 6Gazette 1Filings 8

Next filing, fiscal year 2026, expected by 31-01-2027

2026

10-06

State Gazette act General meeting · Other statement

Auditor report · Declaration

2025

02-12

NBB filing Annual accounts filed

fiscal year 2025 · full schema

30-06

Financial Back to profitnet €195,541

Net result €195,541 after one loss-making year.

2024

02-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema

30-06

Financial Liquidity quadruplescurrent ratio 29.87

Current ratio from 6.84 to 29.87; short-term debt falls from €128,077 to €97,027.

2023

05-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema

30-06

Financial Back to profitnet €179,471

Net result €179,471 after 4 loss-making years.

2022

06-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2021

07-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema

30-06

Financial Liquidity times 652current ratio 102.45

Current ratio from 0.16 to 102.45; short-term debt falls from €3.3m to €30,873.

2020

21-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema

30-06

Financial Weakest financial yearnet -€1.3m

Net result drops to -€1.3m, the lowest in the series; recovery starts the following year.

Show earlier events

30-06

Financial Equity above €10mEq €10.3m ▲18.8%

Equity rises from €8.7m to €10.3m.

2019

05-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema

07-01

NBB filing Annual accounts filed

fiscal year 2018 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 10 acts read

About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

10 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, Tournai

approximate (street level) On OpenStreetMap

Ground area

2,550 m²

Building footprint

585 m²

Volume, LiDAR

3,918 m³

Parcel 57031B0362/00C005, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57031B0362/00C005	Wallonia	2,550 m²	1 · 585 m²	7.4 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.

Structure & network

Owners and holdings

1 owner · 3 holdings

Chain of control

SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE 60%
WAPI 2020

Highest known parent: SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE. The sources do not say who stands above it.

Owners 1

SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDEparent

Sourceaccounts SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE 30-06-2025

60%

Holdings 3

CLEAN'FILTRATION

Sourceown accounts 30-06-2025
Equity €270,279Result €10,072

49.59%
DOMICILIX

Sourceown accounts 30-06-2025
Equity €7,497Result -€20,450

30%
GREEN FRIX

Sourceown accounts 30-06-2025
Equity €574,133Result -€193,273

17.65%

According to the annual accounts to 30-06-2025 of WAPI 2020 and those 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.

Identification & contact

Identification

Legal formPublic limited company

Founded06-03-2017

Fiscal year end30-06

E-invoicing

Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

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