Wase Werkplaats

Non-profit associationfounded 196561 yrs activeKapelanielaan 20, 9140 Temse, BelgiumKBO/BCE: BE 0406.769.993

Summary

Wase Werkplaats has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2019 annual accounts show equity of €13.60M and a net result of €-429k. The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

No current score

Figures too old

The available figures for FY 2019 are too old to assess current financial health.

Axes, FY 2019 · tick = 2018

Profitability71▼-2

Solvency81=

Growth33

Track record100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 88

Relative position

BE, all sectors

reference

Sector 88

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2019

Solvency, return and age of the figures

Solvency

56.1%

Return on assets

-1.8%

Age of the figures

81 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

36 d early

2023

51 d early

2022

33 d early

2021

41 d early

2020

61 d early

2019

47 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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 2019, abbreviated schema

Turnover

€10.43M▼ 0.1%

2018 · €10.45M

2018: €10.45M

2018 → 2019

EBIT margin

-4.1%▼ 7.4pp

2018 · 3.4%

2018: 3.4%

2018 → 2019

Net result

€-429k

2018 · €238k

2018: €238k

2018 → 2019

Working capital

€2.06M▼ 53.5%

2018 · €4.42M

2018: €4.42M

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Turnover€10.45M-€10.43M▼ 0.1%

Equity€14.07M-€13.60M▼ 3.4%

Operating result€352k-€-424k

Net result€238k-€-429k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2019: a loss of €424k after €352k in 2018.

Balance-sheet composition

2019 in colour, 2018 as the grey bar beneath

Assets €24.24M

71.9%

28.1%

Fixed assets €17.42M ▲ 6.3%

Current assets €6.82M ▼ 23.7%

Equity and liabilities €24.24M

56.1%

43.3%

Equity €13.60M ▼ 3.4%

Provisions €138k ▼ 23.4%

Debt €10.51M ▼ 5.1%

Debt's share of the balance-sheet total falls from 43.7% to 43.3%. Equity and debt are lower.

Key figures and ratios

2019 value · change against 2018

EBITDA

€1.58M▲

2018 · €1.52M

Cash flow

€1.57M▲

2018 · €1.41M

Current ratio

1.43▼

2018 · 1.98

Quick ratio

1.38▼

2018 · 1.87

Debt to equity

0.42▼

2018 · 0.47

ROE

-3.2%▼

2018 · 1.7%

ROA

-1.8%▼

2018 · 0.9%

Interest coverage

43.01▲

2018 · 40.22

Debt ≤ 1 year

€4.76M▲

2018 · €4.51M

Debt > 1 year

€5.74M▼

2018 · €6.56M

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 · 2019 against 2018 · 27 lines

Balance sheet Code20182019

Assets

Total assets20/58€25.32M€24.24M▼

Fixed assets21/28€16.39M€17.42M▲

Intangible fixed assets21€5k€3k▼

Tangible fixed assets22/27€16.31M€17.35M▲

Financial fixed assets28€71k€65k▼

Current assets29/58€8.93M€6.82M▼

Stocks and contracts in progress3€488k€257k▼

Amounts receivable within one year40/41€3.07M€2.42M▼

Current investments50/53€3.95M€2.45M▼

Cash at bank and in hand54/58€695k€902k▲

Equity and liabilities

Total equity and liabilities10/49€25.32M€24.24M▼

Equity10/15€14.07M€13.60M▼

Profit (loss) carried forward14€7.77M€7.34M▼

Provisions and deferred taxes16€180k€138k▼

Amounts payable17/49€11.07M€10.51M▼

Amounts payable after more than one year17€6.56M€5.74M▼

Amounts payable within one year42/48€4.51M€4.76M▲

Trade debts44€721k€670k▼

Income statement Code20182019

Turnover70€10.45M€10.43M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.17M€2.00M▲

Operating profit (loss)9901€352k€-424k▼

Recurring financial income75€11k€16k▲

Recurring financial charges65€95k€51k▼

Debt charges650€38k€37k▼

Profit (loss) for the period before taxes9903€268k€-459k▼

Profit (loss) for the period9904€238k€-429k▼

Profit (loss) for the period to be appropriated9905€238k€-429k▼

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Timeline · acts, filings and financial milestones

All 11Gazette 1Filings 10

2026

23-09

State Gazette act Appointment: Katrien Claus (director)

Resignations: Lieve Nachtegael, Bart Van Geyt and 3 others · Reappointment: Ernst en Young (statutory auditor) · Declaration10 facts ▸

General meeting, 04-06-2025
Director appointment, Katrien Claus (director)
General meeting, 17-06-2026
Director resignation, Lieve Nachtegael (director)
Director resignation, Bart Van Geyt (director)
Director resignation, Dirk Van Esbroeck (director)
Director resignation, August Claes (director)
Director resignation, Patrick Vermeulen (director)
Declaration, KBO sluit niet aan bij de realiteit, rechtzetting wordt uitgevoerd
Auditor reappointment, Ernst en Young

2025

25-06