WASE
ActiveSummary
WASE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €144,147. Equity is shrinking by ~3.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+11
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
short-term debt: 0% and cash: 5.3% of total assets, and 0% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
100%
Return on assets
11.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
2 d early
2023
34 d early
2022
5 d early
2021
3 d early
2020
19 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 12 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)
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. Usually files around 26 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€1.3m▲ 3.6%
2024 · €1.2m
Total assets
€1.3m▲ 0.9%
2024 · €1.2m
Net result
€144,147▲ 316%
2024 · €34,632
Working capital
€66,245
2024 · -€4,330
Trend over the years
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€49,034▼ 30.4%€48,735▼ 0.6%€46,244▼ 5.1%€40,081▼ 13.3%€55,948▲ 39.6%
Net result€236,457▲ 369%-€433,423€162,726€34,632▼ 78.7%€144,147▲ 316%
Equity€1.7m▲ 5.5%€1.1m▼ 33.4%€1.2m▲ 5.6%€1.2m▲ 2.9%€1.3m▲ 3.6%
Total assets€1.9m▲ 0.1%€1.3m▼ 32.9%€1.3m▼ 1.6%€1.2m▼ 3.4%€1.3m▲ 0.9%
Debt€277,140▼ 23.2%€194,387▼ 29.9%€110,773▼ 43.0%€33,059▼ 70.2%€335▼ 99.0%
Working capital-€11,034▲ 78.8%-€45,185▼ 310%-€37,792▲ 16.4%-€4,330▲ 88.5%€66,245
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 2.2%
Current assets
€66,581 ▲ 132%
Equity and liabilities €1.3m
Equity
€1.3m ▲ 3.6%
Debt
€335 ▼ 99.0%
Debt's share of the balance-sheet total falls from 2.7% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,409▲
2024 · €72,912
Cash flow
€170,608▲
2024 · €67,463
Debt to equity
0.00▼
2024 · 0.03
ROE
11.5%▲
2024 · 2.9%
ROA
11.5%▲
2024 · 2.8%
Interest coverage
259.32▲
2024 · 49.28
Debt ≤ 1 year
€335▼
2024 · €33,059
Income taxes
€14,705▲
2024 · €11,365
A ratio outside any meaningful range has been withheld (balance sheet total €1.3m, equity €1.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,372 | €32,372 | €32,372 | €32,830 | €26,461 | ▼ 19.4% |
| Other operating charges640/8 | €6,282 | €6,404 | €7,044 | €7,270 | €7,509 | ▲ 3.3% |
| Gross operating margin9900 | €87,688 | €87,511 | €85,661 | €80,182 | €89,918 | ▲ 12.1% |
| Operating profit (loss)9901 | €49,034 | €48,735 | €46,244 | €40,081 | €55,948 | ▲ 39.6% |
| Financial income75/76B | €205,564 | €106,104 | €131,979 | €7,395 | €103,222 | ▲ 1,296% |
| Recurring financial income75 | €205,564 | €106,104 | €131,979 | €7,395 | €103,222 | ▲ 1,296% |
| Financial charges65/66B | €5,733 | €575,604 | €2,878 | €1,480 | €318 | ▼ 78.5% |
| Recurring financial charges65 | €5,733 | €4,319 | €2,878 | €1,480 | €318 | ▼ 78.5% |
| Non-recurring financial charges66B | - | €571,285 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €248,865 | -€420,765 | €175,346 | €45,997 | €158,852 | ▲ 245% |
| Income taxes67/77 | €12,409 | €12,658 | €12,620 | €11,365 | €14,705 | ▲ 29.4% |
| Profit (loss) for the period9904 | €236,457 | -€433,423 | €162,726 | €34,632 | €144,147 | ▲ 316% |
| Profit (loss) for the period to be appropriated9905 | €236,457 | -€433,423 | €162,726 | €34,632 | €144,147 | ▲ 316% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.3m | €1.3m | €1.2m | €1.3m | ▲ 0.9% |
| Fixed assets21/28 | €1.9m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 2.2% |
| Tangible fixed assets22/27 | €378,757 | €346,384 | €314,012 | €287,897 | €261,436 | ▼ 9.2% |
| Land and buildings22 | €374,518 | €343,558 | €312,599 | €287,897 | €261,436 | ▼ 9.2% |
| Furniture and vehicles24 | €4,239 | €2,826 | €1,413 | - | - | - |
| Financial fixed assets28 | €1.5m | €925,580 | €925,580 | €925,580 | €925,580 | = |
| Current assets29/58 | €71,729 | €34,211 | €45,696 | €28,729 | €66,581 | ▲ 132% |
| Amounts receivable within one year40/41 | €4,591 | €7,045 | €2,622 | - | €295 | - |
| Other amounts receivable41 | €4,591 | €7,045 | €2,622 | - | €295 | - |
| Cash at bank and in hand54/58 | €67,138 | €27,166 | €43,074 | €28,729 | €66,285 | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.3m | €1.3m | €1.2m | €1.3m | ▲ 0.9% |
| Equity10/15 | €1.7m | €1.1m | €1.2m | €1.2m | €1.3m | ▲ 3.6% |
| Contributions10/11 | €60,540 | €60,540 | €60,540 | €60,540 | €60,540 | = |
| Reserves13 | €1.6m | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 3.8% |
| Non-distributable reserves130/1 | €59,856 | €59,856 | €59,856 | - | - | - |
| Reserves not available under the articles1311 | €59,856 | €59,856 | €59,856 | - | - | - |
| Distributable reserves133 | €1.5m | €991,393 | €1.1m | €1.1m | €1.2m | ▲ 3.8% |
| Amounts payable17/49 | €277,140 | €194,387 | €110,773 | €33,059 | €335 | ▼ 99.0% |
| Amounts payable after more than one year17 | €187,529 | €108,144 | €27,285 | - | - | - |
| Financial debts170/4 | €187,529 | €108,144 | €27,285 | - | - | - |
| Amounts payable within one year42/48 | €82,763 | €79,396 | €83,488 | €33,059 | €335 | ▼ 99.0% |
| Current portion of amounts payable after more than one year42 | €77,939 | €79,386 | €80,859 | €27,285 | - | - |
| Trade debts44 | €315 | €10 | €10 | €1,790 | €335 | ▼ 81.3% |
| Suppliers440/4 | €315 | €10 | €10 | €1,790 | €335 | ▼ 81.3% |
| Taxes, remuneration and social security45 | €4,509 | - | €2,620 | €3,984 | - | - |
| Taxes450/3 | €4,509 | - | €2,620 | €3,984 | - | - |
| Accrued charges and deferred income492/3 | €6,847 | €6,847 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €236,457 | -€433,423 | €162,726 | €34,632 | €144,147 | ▲ 316% |
| + Depreciation and write-downs630 | €32,372 | €32,372 | €32,372 | €32,830 | €26,461 | ▼ 19.4% |
| Operating cash flow (approximation) | €268,829 | -€401,051 | €195,099 | €67,463 | €170,608 | ▲ 153% |
| Investment in fixed assets (approximation) | - | €571,285 | €0 | -€6,716 | €0 | ▲ 100% |
| Change in cash | - | -€39,972 | €15,909 | -€14,345 | €37,556 | ▲ 362% |
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
18-08
State Gazette act
Appointment: RSM INTERAUDIT (statutory auditor)Permanent representative: Laurent Van der Linden3 facts ▸
State Gazette act
Appointment: RSM INTERAUDIT (statutory auditor)
Permanent representative: Laurent Van der Linden3 facts ▸
- General meeting, 05-06-2026
- Auditor appointment, RSM INTERAUDIT (statutory auditor)
- Permanent representative, Laurent Van der Linden (representative)
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 228current ratio 198.56
Current ratio from 0.87 to 198.56; short-term debt falls from €33,059 to €335.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €162,726
Net result €162,726 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€433,423
Net result drops to -€433,423, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €236,457 ▲369%
Net result €236,457, the highest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not 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
Statutory auditor 1
RSM INTERAUDIT
CurrentStatutory auditor · since 05-06-2026 · perm. rep.: Laurent Van der Linden
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Alken · 1 establishment unit since 2003
Ground area
1.5 ha
Building footprint
2,541 m²
Volume, LiDAR
12,404 m³
Parcel 73302C0109/00M000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WASE
since 20032.241.768.186
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302C0109/00M000 | Flanders | 1.5 ha | 1 · 2,541 m² | 9.2 m · 1 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| RSM INTERAUDIT |
|
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- JEVO HOLDING
- WASE
Highest known parent: JEVO HOLDING. The sources do not say who stands above it.
Owners 1
- JEVO HOLDINGparent99.97%
Holdings 1
-
99.89%
According to the 2025 annual accounts of WASE 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 formPrivate limited company
Founded21-10-2003
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861192724
Registered
27-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.