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Wapper & Co.

Active
Private limited companyfounded 2024active for 2 yearsJos Ratinckxstraat 4, 2600 Antwerpen, BelgiumKBO/BCE: BE 1015.543.478
Summary

The computed 12-month bankruptcy probability of Wapper & Co. is 1.7% (moderate). The 2025 annual accounts show negative equity (-€14,173) and a net result of -€15,673. Its solvency ranks better than 5% of 780 sector peers (NACE 32, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of jewellery
NACE 32123
1 site
Size
€7,044total assets 2025
Equity
-€14,173
Loss
-€15,673
Turnover not published (micro format)
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Structure
2025 accounts filed 31 days late
Why 52raises riskNegative equity -€14,173Founded in 2024Last filed accounts filed 31 days late; 1 of the last 3 latelowers riskSize: total assets €7,044Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 32, micro)
Financial strength
Weak
Solvency 0
equity -201.2% of total assets
Liquidity 22
short-term debt 301.2% · cash 17.3%
Profitability 0
return on assets -222.5%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,142 companies, NACE 32, micro)
Last 24 months 11-2025: 1.2%lowest value 12-2025: 1.2%● unchanged vs 11-2025lowest value 01-2026: 1.3%▲ +0.1 percentage points vs 12-2025 02-2026: 1.4%▲ +0.1 percentage points vs 01-2026 03-2026: 1.5%▲ +0.1 percentage points vs 02-2026 04-2026: 1.7%▲ +0.2 percentage points vs 03-2026 05-2026: 1.7%● unchanged vs 04-2026 06-2026: 1.8%▲ +0.1 percentage points vs 05-2026 07-2026: 1.9%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 1.8%▼ -0.1 percentage points vs 07-2026 09-2026: 1.6%▼ -0.2 percentage points vs 08-2026 10-2026: 1.7%▲ +0.1 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.33, below 1; short-term debt: 301.2% and cash: 17.3% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 32, micro): better than 6% on solvency, 16% on liquidity and 6% on profitability.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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

Signals

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €7,044
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€14,173
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 late
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
31 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: TIMMERMANS Miguel Winand Jacqueline…

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00469313.

Equity
-€14,173
Total assets
€7,044
Net result
-€15,673
Working capital
-€14,173

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

Key figures and ratios
2025 value
EBITDA
-€14,488
Cash flow
-€14,606
Solvency
-201.2%
Current ratio
0.33
Quick ratio
0.07
ROA
-222.5%
Interest coverage
-122.79
Debt
€21,217
Debt ≤ 1 year
€21,217
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.8% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.7% 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 497,445 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% 0.9%
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 74.5% 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 7,639 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 · 31 lines
Balance sheet Code2025
Assets
Total assets20/58€7,044
Current assets29/58€7,044
Stocks and contracts in progress3€5,495
Stocks30/36€5,495
Amounts receivable within one year40/41€202
Trade receivables40€202
Cash at bank and in hand54/58€1,218
Deferred charges and accrued income490/1€129
Equity and liabilities
Total equity and liabilities10/49€7,044
Equity10/15-€14,173
Contributions10/11€1,500
Profit (loss) carried forward14-€15,673
Amounts payable17/49€21,217
Amounts payable within one year42/48€21,217
Trade debts44€1,978
Suppliers440/4€1,978
Taxes, remuneration and social security45€463
Taxes450/3€463
Other amounts payable47/48€18,776
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,068
Other operating charges640/8€120
Gross operating margin9900-€14,368
Operating profit (loss)9901-€15,555
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€118
Recurring financial charges65€118
Profit (loss) for the period before taxes9903-€15,673
Profit (loss) for the period9904-€15,673
Profit (loss) for the period to be appropriated9905-€15,673
Appropriation of the result
Profit (loss) to be appropriated9906-€15,673

The notes to these accounts (1 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€1,068
Other operating charges640/8€120
Gross operating margin9900-€14,368
Operating profit (loss)9901-€15,555
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€118
Recurring financial charges65€118
Profit (loss) for the period before taxes9903-€15,673
Profit (loss) for the period9904-€15,673
Profit (loss) for the period to be appropriated9905-€15,673
Line2025
Assets
Total assets20/58€7,044
Current assets29/58€7,044
Stocks and contracts in progress3€5,495
Stocks30/36€5,495
Amounts receivable within one year40/41€202
Trade receivables40€202
Cash at bank and in hand54/58€1,218
Deferred charges and accrued income490/1€129
Equity and liabilities
Total equity and liabilities10/49€7,044
Equity10/15-€14,173
Contributions10/11€1,500
Profit (loss) carried forward14-€15,673
Amounts payable17/49€21,217
Amounts payable within one year42/48€21,217
Trade debts44€1,978
Suppliers440/4€1,978
Taxes, remuneration and social security45€463
Taxes450/3€463
Other amounts payable47/48€18,776
Line2025
Profit (loss) for the period9904-€15,673
+ Depreciation and write-downs630€1,068
Operating cash flow (approximation)-€14,606

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-08-2026 2026-00469313

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,528 active companies whose main activity is manufacture of jewellery (NACE 32123), figures are known for 234. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
TIMMERMANS Miguel Winand Jacqueline Willem Marie
Director (not named in the articles) · since 28-10-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
TIMMERMANS Miguel Winand Jacqueline Willem Marie
  • Director (not named in the articles), from 28-10-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 28-10-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 28-10-2024 Incorporation · €1,500 · 100 shares
  2. 28-10-2024 Incorporation · €1,500 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 24 October 2024, Wapper & Co. was incorporated as a private limited company by one natural person, with a starting capital of €1,500.12 TIMMERMANS Miguel Winand Jacqueline Willem Marie has served as director of the company since 2024.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 28-10-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 31 days late
2024
28-10
Gazette deed Incorporation
Appointment: TIMMERMANS Miguel Winand Jacqueline Willem Marie (director) · Founder · Founding capital11 facts ▸
  • Incorporation, 23-10-2024
  • Founder, TIMMERMANS Miguel Winand Jacqueline Willem Marie (shareholder)
  • Founding capital, €1,500 (2 times)
  • Registered office clause, “2600 Antwerpen (Berchem), Jos Ratinckxstraat 4 bus C 502” (deed in Dutch)
  • Board rule, 1
  • Director appointment, TIMMERMANS Miguel Winand Jacqueline Willem Marie (director (not named in the articles))
  • Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten sinds heden door comparant in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
  • Power of attorney
  • Power of attorney, Christel Meuris
  • Other provision, “oprichtingskosten ten laste vennootschap”, 1340 (deed in Dutch)
  • Other provision, “voorafgaande toelatingen of vergunningen en beroepsvoorwaarden” (deed in Dutch)
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded24-10-2024
Financial year end31-12
Trade name NL 'Wapper' & 'Wapper-Bracelets'
Activities, NACEBEL 2025
32123Manufacture of jewellery
47770Retail sale of watches and jewellery
47784Retail sale of souvenirs and religious articles
70200Business and other management consultancy
74120Graphic design and visual communication
95250Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015543478
Also 9925:BE1015543478
Registered 17-12-2025

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

Register as of 27 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
4,481 m²
Building footprint
756 m²
Building volume
17,737 m³
Parcel 11003A0346/00E000, Flanders · tallest building 28.3 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Wapper & Co.
Jos Ratinckxstraat 4, 2600 AntwerpenManufacture of jewellery
since 2024unit no. 2.366.750.114
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11003A0346/00E000 Flanders 4,481 m² 1 · 756 m² 28.3 m · 8
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het ontwerpen,onderzoeken,ontwikkelen,produceren,testen,inkopen,stockeren,behandelen en verkopen van goederen,met inbegrip van…” (deed in Dutch)
33 activities (deed in Dutch)
  1. Het ontwerpen,onderzoeken,ontwikkelen,produceren,testen,inkopen,stockeren,behandelen en verkopen van goederen,met inbegrip van sieraden,modeaccessoires en armbanden;
  2. Het verrichten van roerende,onroerende,financiële,industriële,commerciële of burgerrechtelijke handelingen waaronder dienstverlening,advisering en optreden als vereffenaar;
  3. Het ontwerpen en uitvoeren van grafische en/of industriële vormgeving om te komen tot een afgewerkt commercieel product,met inbegrip van unieke sieradenontwerpen en modeaccessoires;
  4. Het aankopen,verkopen,beheren en renoveren van onroerende goederen voor eigen beheer;
  5. Projectontwikkeling voor residentiële en niet-residentiële gebouwen,zowel voor overheid als private partners;
  6. Het bouwen,verbouwen,aanpassen,herstellen van alle gebouwen en constructies bij middel van alle technieken en in alle stadia van afwerking;
  7. Het verhuren,leasen,uitbaten,en beheren van onroerende goederen onder alle mogelijke vormen;
  8. Het laten bouwrijp maken van terreinen en het laten bebouwen ervan met woningen,appartementen en andere constructies;
  9. Het verwerven,verkavelen,verbeteren,inrichten en beheren van gronden,vastgoed en bedrijfsgronden;
  10. Consultancy voor projectontwikkeling en project management;
  11. Administratieve,organisatorische en wetgevende verplichtingen,inclusief algemene project consultancy,adviesverstrekking en coördinatie;
  12. Adviesverstrekking en coördinatie van alle administratieve en organisatorische verplichtingen voor zowel natuurlijke personen als rechtspersonen;
  13. Project management en consultancy ten aanzien van zowel publieke als private partners;
  14. Commerciële activiteiten en marketingstudies,met inbegrip van merkstrategie,branding en marketingcampagnes voor de verkoop van sieraden en modeaccessoires;
  15. Verrichten van activiteiten op het gebied van inkoop(procuretment)en verkoop(sales),inclusief het verlenen van advies,het onderhandelen over contracten,het selecteren van leveranciers,het beheren van inkoopprocessen en het uitvoeren van verkoopopdrachten voor derden,zowel op freelance basis als voor eigen rekening.Dit omvat ook commerciële bemiddeling en distributieovereenkomsten;
  16. Het ontwikkelen,beheren en uitvoeren van internationale handel,export en distributie van goederen en diensten naar markten in binnen-en buitenland,zowel direct als via agenten,distributeurs of andere commerciële kanalen;
  17. Het aangaan van samenwerkingen,joint ventures of partnerschappen met buitenlandse rechtspersonen,ondernemingen en investeerders,evenals het uitbreiden van bedrijfsactiviteiten naar buitenlandse markten;
  18. Het ontwikkelen,beheren,verkennen en integreren van digitale platformen,e-commerce activiteiten,digitale marketing,en opkomende technologieën zoals blockchain,kunstmatige intelligentie,cloud computing,en andere innovaties in bedrijfsprocessen en dienstverlening;
  19. Het ontwikkelen en beheren van e-commerceplatformen en online marktplaatsen voor commerciële doeleinden met inbegrip van de verkoop van sieraden en modeaccessoires,inclusief digitale marketingstrategieën en social media;
  20. Het uitvoeren van onderzoek en ontwikkeling(R&D)in verband met nieuwe technologieën,producten,diensten of methodologieën die kunnen bijdragen aan de doelstellingen van de vennootschap;
  21. De vennootschap kan haar activiteiten uitvoeren met bijzondere aandacht voor maatschappelijke verantwoordelijkheid,met inbegrip van het creëren van kansen voor studenten,flexi-jobbers en personen uit de sociale economie,zoals beschutte werkplaatsen;
  22. De vennootschap kan haar activiteiten uitvoeren met gebruik van diverse flexibele arbeidsvormen,waaronder maar niet beperkt tot studentenarbeid,flexi-jobbers,personen uit beschutte werkplaatsen,uitzendkrachten,deeltijdse werknemers,oproepkrachten,zelfstandige dienstverleners en andere wettelijk toegestane vormen van tewerkstelling;
  23. Het aanbieden van vervoersdiensten,logistieke ondersteuning en aanverwante diensten,zowel voor personen als goederen,inclusief het gebruik van digitale platformen voor de coördinatie en uitvoering van dergelijke diensten;
  24. De ontwikkeling,bevordering en deelname in projecten gericht op duurzaamheid,hernieuwbare energie,milieuvriendelijke praktijken en energie-efficiëntie,met inbegrip van zonne-energie,windenergie en energieopslag,in alle aspecten van de bedrijfsvoering;
  25. Het aantrekken van kapitaal door middel van investeringen,leningen,crowdfunding of andere financieringsmethoden voor de uitbreiding van de bedrijfsactiviteiten;
  26. Het beheren van logistieke operaties,voorraadbeheer,en de distributie van producten,zowel nationaal als internationaal;
  27. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan de vennootschap zich ook borgstellen of haar aval verlenen,in de meest ruime zin,en alle handels-en financiële operaties verrichten,behalve die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen;
  28. Het beheren van een roerend patrimonium,inclusief het verwerven en beheren van aandelen,obligaties,kasbons of andere roerende waarden van Belgische of buitenlandse ondernemingen en rechtspersonen;
  29. Het organiseren van opleidingen,trainingen en workshops,zowel voor eigen werknemers als voor derden,met bijzondere aandacht voor de integratie van studenten,flexi-jobbers en personen uit de sociale economie;
  30. Het opzetten,creëren,uitvoeren en begeleiden van promotie-en marketingcampagnes,publieke en private evenementen,inclusief modeshows,beurzen en pop-up stores voor de promotie en verkoop van sieraden en accessoires;
  31. Het organiseren van evenementen,kennisuitwisselingsprogramma's,congressen en seminars;
  32. Het verkrijgen,beheren,beschermen en exploiteren van intellectuele eigendomsrechten,waaronder ontwerpregistraties,patenten,merken,ontwerpen,modellen,auteursrechten en andere vormen van intellectuele eigendom,zowel in België als internationaal;
  33. Het aangaan van samenwerkingen met modeontwerpers,influencers of merken,evenals het verkrijgen of verstrekken van licenties voor sieradenontwerpen en-collecties.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
Wapper & Co.
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest” (deed in Dutch)

deed of 28-10-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
2 provisions in the deed

deed of 28-10-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Wednesday of May at 18:00

deed of 28-10-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

deed of 28-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Algemene vergadering-toelating,stemming,volmacht,agenda en meerderheid, schriftelijke volmacht aan ieder ander persoon,aandeelhouder of…” (deed in Dutch)
Other provision: “Winstverdeling, algemene vergadering” (deed in Dutch)
1 more provision in the deed, see the deed of 28-10-2024

deed of 28-10-2024