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Wapi Assurances

Active
Private limited companyfounded 20188 yrs activeRue d'Ormont(K) 59, 7540 Tournai, BelgiumKBO/BCE: BE 0695.701.024
Summary

Wapi Assurances has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €747k and a net result of €143k. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability86▼-10
Solvency96▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.33 in 2024; short-term debt: 13% and cash: 3.5% of total assets), and 29.1% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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
70.9%
Return on assets
13.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 7 filings
Deviation from the deadline
2025
17 d late
2024
25 d late
2023
1 d early
2022
28 d late
2021
30 d late
2020
2 d early
2019
28 d late
← before the deadline after the deadline →
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 months
Position in the running window
25-09-2026 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

Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€143k▼ 38.4%
2024 · €232k
2019: €7klowest in 7 years 2020: €103k▲ +1370% vs 2019 2021: €21k▼ -79.8% vs 2020 2022: €116k▲ +459% vs 2021 2023: €124k▲ +6.5% vs 2022 2024: €232k▲ +88.2% vs 2023highest in 7 years 2025: €143k▼ -38.4% vs 2024
2019 → 2025
Working capital
€-94k▲ 24.1%
2024 · €-124k
2019: €-203k 2020: €-196k▲ +3.5% vs 2019 2021: €-273k▼ -39.4% vs 2020lowest in 7 years 2022: €-178k▲ +35.0% vs 2021 2023: €-255k▼ -43.4% vs 2022 2024: €-124k▲ +51.1% vs 2023 2025: €-94k▲ +24.1% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€149k-€348k▲ 133%€371k▲ 6.8%€604k▲ 62.6%€747k▲ 23.7% 2021: €149klowest in 5 years 2022: €348k▲ +133% vs 2021 2023: €371k▲ +6.8% vs 2022 2024: €604k▲ +62.6% vs 2023 2025: €747k▲ +23.7% vs 2024highest in 5 years
Operating result€38k-€166k▲ 334%€180k▲ 8.4%€194k▲ 7.6%€201k▲ 4.0% 2021: €38klowest in 5 years 2022: €166k▲ +334% vs 2021 2023: €180k▲ +8.4% vs 2022 2024: €194k▲ +7.6% vs 2023 2025: €201k▲ +4.0% vs 2024highest in 5 years
Net result€21k-€116k▲ 459%€124k▲ 6.5%€232k▲ 88.2%€143k▼ 38.4% 2021: €21klowest in 5 years 2022: €116k▲ +459% vs 2021 2023: €124k▲ +6.5% vs 2022 2024: €232k▲ +88.2% vs 2023highest in 5 years 2025: €143k▼ -38.4% vs 2024
Result per fiscal year
Operating resultNet result
€0€100k€200kOperating result 2021: €38k€38kNet result 2021: €21k€21kOperating result 2022: €166k€166kNet result 2022: €116k€116kOperating result 2023: €180k€180kNet result 2023: €124k€124kOperating result 2024: €194k€194kNet result 2024: €232k€232kOperating result 2025: €201k€201kNet result 2025: €143k€143k20212022202320242025€0€100k€200kOperating result 2023: €180k€180kNet result 2023: €124k€124kOperating result 2024: €194k€194kNet result 2024: €232k€232kOperating result 2025: €201k€201kNet result 2025: €143k€143k202320242025
The operating result has risen four years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets €1.01M ▲ 1.0%
Current assets €42k ▼ 30.7%
Equity and liabilities €1.05M
Equity €747k ▲ 23.7%
Debt €307k ▼ 33.1%
Debt's share of the balance-sheet total falls from 43.2% to 29.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€203k▲
2024 · €194k
Cash flow
€145k▼
2024 · €233k
Current ratio
0.31▼
2024 · 0.33
Debt to equity
0.41▼
2024 · 0.76
ROE
19.2%▼
2024 · 38.5%
ROA
13.6%▼
2024 · 21.9%
Interest coverage
24.18▲
2024 · 13.09
Debt ≤ 1 year
€137k▼
2024 · €186k
Debt > 1 year
€170k▼
2024 · €273k
Income taxes
€50k▲
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.06M€1.05M▼
Fixed assets21/28€1.00M€1.01M▲
Tangible fixed assets22/27€1k€11k▲
Plant, machinery and equipment23€1k€6k▲
Furniture and vehicles24€237€5k▲
Financial fixed assets28€1.00M€1.00M=
Current assets29/58€61k€42k▼
Amounts receivable within one year40/41-€5k
Other amounts receivable41-€5k
Cash at bank and in hand54/58€61k€37k▼
Deferred charges and accrued income490/1€108€192▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.05M▼
Equity10/15€604k€747k▲
Contributions10/11€19k€19k=
Reserves13€350€350=
Distributable reserves133€350€350=
Profit (loss) carried forward14€585k€728k▲
Amounts payable17/49€459k€307k▼
Amounts payable after more than one year17€273k€170k▼
Financial debts170/4€273k€170k▼
Amounts payable within one year42/48€186k€137k▼
Current portion of amounts payable after more than one year42€103k€107k▲
Trade debts44€135€1k▲
Suppliers440/4€135€1k▲
Taxes, remuneration and social security45€20k€21k▲
Taxes450/3€20k€21k▲
Other amounts payable47/48€62k€7k▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€751€2k▲
Other operating charges640/8€968€1k▲
Gross operating margin9900€195k€204k▲
Operating profit (loss)9901€194k€201k▲
Financial income75/76B€100k-
Recurring financial income75€100k-
Financial charges65/66B€15k€8k▼
Recurring financial charges65€15k€8k▼
Profit (loss) for the period before taxes9903€279k€193k▼
Income taxes67/77€46k€50k▲
Profit (loss) for the period9904€232k€143k▼
Profit (loss) for the period to be appropriated9905€232k€143k▼
Appropriation of the result
Profit (loss) to be appropriated9906€585k€728k▲
Profit (loss) brought forward from the previous period14P€352k€585k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€221€144€751€751€2k▲ 103%
Other operating charges640/8€868€868€1k€968€1k▲ 31.4%
Gross operating margin9900€39k€167k€182k€195k€204k▲ 4.5%
Operating profit (loss)9901€38k€166k€180k€194k€201k▲ 4.0%
Financial income75/76B--€0€100k--
Recurring financial income75--€0€100k--
Financial charges65/66B€12k€10k€14k€15k€8k▼ 43.5%
Recurring financial charges65€12k€10k€14k€15k€8k▼ 43.5%
Profit (loss) for the period before taxes9903€27k€156k€166k€279k€193k▼ 30.8%
Income taxes67/77€6k€40k€43k€46k€50k▲ 7.8%
Profit (loss) for the period9904€21k€116k€124k€232k€143k▼ 38.4%
Profit (loss) for the period to be appropriated9905€21k€116k€124k€232k€143k▼ 38.4%
Line20212022202320242025Change
Assets
Total assets20/58€1.09M€1.10M€1.07M€1.06M€1.05M▼ 0.8%
Fixed assets21/28€1.00M€1.00M€1.00M€1.00M€1.01M▲ 1.0%
Tangible fixed assets22/27-€3k€2k€1k€11k▲ 689%
Plant, machinery and equipment23-€2k€2k€1k€6k▲ 425%
Furniture and vehicles24-€923€580€237€5k▲ 2,013%
Financial fixed assets28€1.00M€1.00M€1.00M€1.00M€1.00M=
Current assets29/58€92k€93k€68k€61k€42k▼ 30.7%
Amounts receivable within one year40/41----€5k-
Other amounts receivable41----€5k-
Cash at bank and in hand54/58€92k€93k€67k€61k€37k▼ 39.3%
Deferred charges and accrued income490/1--€1k€108€192▲ 78.0%
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.10M€1.07M€1.06M€1.05M▼ 0.8%
Equity10/15€149k€348k€371k€604k€747k▲ 23.7%
Contributions10/11€19k€19k€19k€19k€19k=
Outside capital11€19k€19k----
Other1109/19€19k€19k----
Reserves13€350€350€350€350€350=
Non-distributable reserves130/1€350€350----
Reserves not available under the articles1311€350€350----
Distributable reserves133--€350€350€350=
Profit (loss) carried forward14€130k€329k€352k€585k€728k▲ 24.5%
Amounts payable17/49€942k€749k€699k€459k€307k▼ 33.1%
Amounts payable after more than one year17€578k€478k€376k€273k€170k▼ 37.8%
Financial debts170/4€578k€478k€376k€273k€170k▼ 37.8%
Amounts payable within one year42/48€365k€271k€323k€186k€137k▼ 26.3%
Current portion of amounts payable after more than one year42€98k€100k€101k€103k€107k▲ 4.0%
Trade debts44€719€2k€358€135€1k▲ 822%
Suppliers440/4€719€2k€358€135€1k▲ 822%
Advances received on contracts in progress46--€708---
Taxes, remuneration and social security45€35k€38k€18k€20k€21k▲ 5.1%
Taxes450/3€35k€38k€18k€20k€21k▲ 5.1%
Other amounts payable47/48€231k€131k€202k€62k€7k▼ 88.4%
Line20212022202320242025Change
Profit (loss) for the period9904€21k€116k€124k€232k€143k▼ 38.4%
+ Depreciation and write-downs630€221€144€751€751€2k▲ 103%
Operating cash flow (approximation)€21k€116k€124k€233k€145k▼ 38.0%
Investment in fixed assets (approximation)-€-3k€0€0€-11k-
Change in cash-€2k€-26k€-6k€-24k▼ 301%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
25-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial Highest result since 2019net €232k ▲88.2%
Net result €232k, the highest in the series.
31-12
Financial Equity above €500kEq €604k ▲62.6%
6 profitable years in a row build equity to €604k.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
28-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-12
Financial Equity above €200kEq €348k ▲133%
4 profitable years in a row build equity to €348k.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
29-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Equity above €100kEq €129k ▲402%
2 profitable years in a row build equity to €129k.
28-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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 · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
1,748 m²
Building footprint
233 m²
Volume, LiDAR
1,306 m³
Parcel 57042B0266/00R000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wapi Assurances
Rue d'Ormont(K) 59, 7540 TournaiHoldings
since 20182.275.554.375
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57042B0266/00R000 Wallonia 1,748 m² 1 · 233 m² 8.9 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.

Similar companies · same sector, comparable size

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,946 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
Founded04-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy

Scores and ratios are computed by Checked and are not a credit decision.