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WAPI-IMMO

Active
Private limited companyfounded 2024active for 2 yearsRue de Liberchies(BEC) 229C, 7532 Tournai, BelgiumKBO/BCE: BE 1011.122.258
Summary

WAPI-IMMO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,275 and a net result of €72,275. Its solvency ranks better than 75% of 16,717 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€75,275
Total assets
€116,731
Net result
€72,275
Working capital
€66,692

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €116,731
Fixed assets €8,583
Current assets €108,148
Equity and liabilities €116,731
Equity €75,275
Debt €41,456
Debt finances 35.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€98,515
Cash flow
€73,992
Current ratio
2.61
Debt to equity
0.55
ROE
96.0%
ROA
61.9%
Interest coverage
over 100
Debt ≤ 1 year
€41,456
Income taxes
€25,680

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 39,278 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
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€116,731
Fixed assets21/28€8,583
Tangible fixed assets22/27€8,583
Furniture and vehicles24€8,583
Current assets29/58€108,148
Amounts receivable within one year40/41€19,332
Trade receivables40€11,314
Other amounts receivable41€8,018
Cash at bank and in hand54/58€88,516
Deferred charges and accrued income490/1€300
Equity and liabilities
Total equity and liabilities10/49€116,731
Equity10/15€75,275
Contributions10/11€3,000
Profit (loss) carried forward14€72,275
Amounts payable17/49€41,456
Amounts payable within one year42/48€41,456
Trade debts44€10,092
Suppliers440/4€10,092
Taxes, remuneration and social security45€31,364
Taxes450/3€31,364
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,717
Other operating charges640/8€85
Gross operating margin9900€98,600
Operating profit (loss)9901€96,798
Financial income75/76B€1,235
Recurring financial income75€1,235
Financial charges65/66B€78
Recurring financial charges65€78
Profit (loss) for the period before taxes9903€97,955
Income taxes67/77€25,680
Profit (loss) for the period9904€72,275
Profit (loss) for the period to be appropriated9905€72,275
Appropriation of the result
Profit (loss) to be appropriated9906€72,275

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,717
Other operating charges640/8€85
Gross operating margin9900€98,600
Operating profit (loss)9901€96,798
Financial income75/76B€1,235
Recurring financial income75€1,235
Financial charges65/66B€78
Recurring financial charges65€78
Profit (loss) for the period before taxes9903€97,955
Income taxes67/77€25,680
Profit (loss) for the period9904€72,275
Profit (loss) for the period to be appropriated9905€72,275
Line2025
Assets
Total assets20/58€116,731
Fixed assets21/28€8,583
Tangible fixed assets22/27€8,583
Furniture and vehicles24€8,583
Current assets29/58€108,148
Amounts receivable within one year40/41€19,332
Trade receivables40€11,314
Other amounts receivable41€8,018
Cash at bank and in hand54/58€88,516
Deferred charges and accrued income490/1€300
Equity and liabilities
Total equity and liabilities10/49€116,731
Equity10/15€75,275
Contributions10/11€3,000
Profit (loss) carried forward14€72,275
Amounts payable17/49€41,456
Amounts payable within one year42/48€41,456
Trade debts44€10,092
Suppliers440/4€10,092
Taxes, remuneration and social security45€31,364
Taxes450/3€31,364
Line2025
Profit (loss) for the period9904€72,275
+ Depreciation and write-downs630€1,717
Operating cash flow (approximation)€73,992

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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Public contracts: not fully processed yet. The notices from October 2023 to September 2026 are still being read.