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WASO

Active
Private limited companyfounded 20223 yrs activeRue Arthur Delaby(L.L) 5, 7100 La Louvière, BelgiumKBO/BCE: BE 0794.369.424
Summary

The computed 12-month bankruptcy probability of WASO is 2.1% (moderate). The annual accounts of WASO for fiscal year 2024 show a net loss of 74% of the equity at the start of that year. The 2024 annual accounts show equity of €64,023 and a net result of -€183,615. Its solvency ranks better than 27% of 877 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-8
Solvency39▼-52
Growth32
Track record94
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.33 against 2.47 in 2023; short-term debt: 58.9% and cash: 6.9% of total assets), and 85.7% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · 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 2024
Solvency, return and age of the figures
Solvency
14.3%
Return on assets
-41%
Age of the figures
21 mo
raises risk · 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
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
2324
2023 to 2024 · latest year -€183,615
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
29 d early
2023
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 4 December 2022, WASO was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€64,023▼ 74.1%
2023 · €247,638
Total assets
€447,579▲ 18.8%
2023 · €376,840
Net result
-€183,615▼ 468%
2023 · -€32,347
Working capital
-€177,227
2023 · €72,188
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€29,857--€178,369▼ 497%
Net result-€32,347below the sector's middle half--€183,615below the sector's middle half▼ 468%
Equity€247,638above the sector's middle half-€64,023within the sector's middle half▼ 74.1%
Total assets€376,840above the sector's middle half-€447,579above the sector's middle half▲ 18.8%
Debt€129,202-€383,555▲ 197%
Working capital€72,188within the sector's middle half--€177,227below the sector's middle half
Solvency65.7%within the sector's middle half-14.3%within the sector's middle half▼ 51.4pp
Current ratio2.47within the sector's middle half-0.33below the sector's middle half▼ 2.14
Return on assets (ROA)-8.6%below the sector's middle half--41.0%below the sector's middle half▼ 32.4pp
above within below the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€29,857-€29,857Net result 2023: -€32,347-€32,347Operating result 2024: -€178,369-€178,369Net result 2024: -€183,615-€183,61520232024-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€29,857-€29,900Net result 2023: -€32,347-€32,300Operating result 2024: -€178,369-€178,000Net result 2024: -€183,615-€184,00020232024
The operating result stays negative: a loss of €178,369 in 2024 against €29,857 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €447,579
Fixed assets €361,250 ▲ 41.4%
Current assets €86,329 ▼ 28.9%
Equity and liabilities €447,579
Equity €64,023 ▼ 74.1%
Debt €383,555 ▲ 197%
Debt's share of the balance-sheet total rises from 34.3% to 85.7%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€178,369▼
2023 · -€27,831
Cash flow
-€183,615▼
2023 · -€30,320
Debt to equity
5.99▲
2023 · 0.52
ROE
-286.8%▼
2023 · -13.1%
Interest coverage
-34.00▼
2023 · -10.87
Debt ≤ 1 year
€263,555▲
2023 · €49,202
Debt > 1 year
€120,000▲
2023 · €80,000
Income taxes
€0▼
2023 · €27
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,206 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
4.1% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,206 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 · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€376,840€447,579▲
Fixed assets21/28€255,450€361,250▲
Intangible fixed assets21€255,450€361,250▲
Current assets29/58€121,390€86,329▼
Amounts receivable within one year40/41€24,003€3,802▼
Trade receivables40€18,533€1,172▼
Other amounts receivable41€5,470€2,630▼
Current investments50/53€15,063€16,292▲
Cash at bank and in hand54/58€34,874€30,710▼
Deferred charges and accrued income490/1€47,450€35,525▼
Equity and liabilities
Total equity and liabilities10/49€376,840€447,579▲
Equity10/15€247,638€64,023▼
Contributions10/11€279,985€279,985=
Profit (loss) carried forward14-€32,347-€215,962▼
Amounts payable17/49€129,202€383,555▲
Amounts payable after more than one year17€80,000€120,000▲
Financial debts170/4€80,000€120,000▲
Amounts payable within one year42/48€49,202€263,555▲
Current portion of amounts payable after more than one year42-€40,000
Trade debts44€49,017€223,555▲
Suppliers440/4€49,017€223,555▲
Other amounts payable47/48€185€0▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,026€0▼
Other operating charges640/8€398€743▲
Gross operating margin9900-€27,432-€177,626▼
Operating profit (loss)9901-€29,857-€178,369▼
Financial income75/76B€98€0▼
Recurring financial income75€98€0▼
Financial charges65/66B€2,560€5,246▲
Recurring financial charges65€2,560€5,246▲
Profit (loss) for the period before taxes9903-€32,320-€183,615▼
Income taxes67/77€27€0▼
Profit (loss) for the period9904-€32,347-€183,615▼
Profit (loss) for the period to be appropriated9905-€32,347-€183,615▼
Appropriation of the result
Profit (loss) to be appropriated9906-€32,347-€215,962▼
Profit (loss) brought forward from the previous period14P--€32,347

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,026€0▼ 100%
Other operating charges640/8€398€743▲ 86.4%
Gross operating margin9900-€27,432-€177,626▼ 548%
Operating profit (loss)9901-€29,857-€178,369▼ 497%
Financial income75/76B€98€0▼ 100%
Recurring financial income75€98€0▼ 100%
Financial charges65/66B€2,560€5,246▲ 105%
Recurring financial charges65€2,560€5,246▲ 105%
Profit (loss) for the period before taxes9903-€32,320-€183,615▼ 468%
Income taxes67/77€27€0▼ 100%
Profit (loss) for the period9904-€32,347-€183,615▼ 468%
Profit (loss) for the period to be appropriated9905-€32,347-€183,615▼ 468%
Line20232024Change
Assets
Total assets20/58€376,840€447,579▲ 18.8%
Fixed assets21/28€255,450€361,250▲ 41.4%
Intangible fixed assets21€255,450€361,250▲ 41.4%
Current assets29/58€121,390€86,329▼ 28.9%
Amounts receivable within one year40/41€24,003€3,802▼ 84.2%
Trade receivables40€18,533€1,172▼ 93.7%
Other amounts receivable41€5,470€2,630▼ 51.9%
Current investments50/53€15,063€16,292▲ 8.2%
Cash at bank and in hand54/58€34,874€30,710▼ 11.9%
Deferred charges and accrued income490/1€47,450€35,525▼ 25.1%
Equity and liabilities
Total equity and liabilities10/49€376,840€447,579▲ 18.8%
Equity10/15€247,638€64,023▼ 74.1%
Contributions10/11€279,985€279,985=
Profit (loss) carried forward14-€32,347-€215,962▼ 568%
Amounts payable17/49€129,202€383,555▲ 197%
Amounts payable after more than one year17€80,000€120,000▲ 50.0%
Financial debts170/4€80,000€120,000▲ 50.0%
Amounts payable within one year42/48€49,202€263,555▲ 436%
Current portion of amounts payable after more than one year42-€40,000-
Trade debts44€49,017€223,555▲ 356%
Suppliers440/4€49,017€223,555▲ 356%
Other amounts payable47/48€185€0▼ 100%
Line20232024Change
Profit (loss) for the period9904-€32,347-€183,615▼ 468%
+ Depreciation and write-downs630€2,026€0▼ 100%
Operating cash flow (approximation)-€30,320-€183,615▼ 506%
Investment in fixed assets (approximation)--€105,800-
Change in cash--€4,164-

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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Timeline · acts, filings and financial milestones

2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
27-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, La Louvière · 2 establishment units since 2022
seat establishment All 2 establishment units on the map
Ground area
1.1 ha
Building footprint
2,139 m²
Volume, LiDAR
57,519 m³
2 parcels, Wallonia · tallest building 34.3 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
Résidence des Comtes de Hainaut 34-61, 7000 Mons
Other software publishing
since 20222.382.611.790
WASO
Rue Arthur Delaby(L.L) 5, 7100 La LouvièreOther software publishing
since 20222.383.349.485
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53019E0429/02N002 Wallonia 9,832 m² 1 · 1,697 m² 34.3 m · 10 fl.
55372D0088/00E013 Wallonia 771 m² 1 · 442 m² 14.5 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 1,290 companies in sector 58290 we hold annual accounts for 594. 462 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
Founded04-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
62100Computer programming
Contact
Website www.waso.io
E-mail contact@waso.io
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794369424
Registered 04-12-2025

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

Register as of 28 September 2026 · Peppol Directory

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