Wapi Assurances
ActiveSummary
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 2025Solvency, return and age of the figures
Solvency
70.9%
Return on assets
13.6%
Age of the figures
9 mo
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 dateAge against the risk zone
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 filingsDeviation 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
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
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
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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
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
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
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.
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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.