WATERLOO GALLERY
Open bankruptcyA bankruptcy procedure is open for WATERLOO GALLERY according to publications in the Belgian State Gazette; curator: VALERIE HAUTFENNE. The 2023 annual accounts show negative equity (€-59k) and a net result of €-98k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2023Equity per financial year
181920212223
2018 to 2023 · latest year -€59k
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-09-2024, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
55 d late
2022
92 d late
2021
87 d late
2020
111 d late
2019
33 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€324k▼ 10.1%
2022 · €360k
2018: €388k
2019: €470k
2020: €487k
2021: €578k
2022: €360k
2018 → 2023
EBIT margin
-27.7%▼ 19.5pp
2022 · -8.2%
2018: 36.9%
2019: 10.7%
2020: 19.2%
2021: 11.0%
2022: -8.2%
2018 → 2023
Net result
€-98k▼ 179%
2022 · €-35k
2018: €137k
2019: €36k
2020: €75k
2021: €42k
2022: €-35k
2018 → 2023
Working capital
€-24k
2022 · €57k
2018: €-41k
2019: €22k
2020: €73k
2021: €86k
2022: €57k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€470k-€487k▲ 3.5%€578k▲ 18.9%€360k▼ 37.7%€324k▼ 10.1%
Equity€-43k-€32k€74k▲ 132%€39k▼ 47.4%€-59k
Operating result€50k-€93k▲ 85.6%€64k▼ 31.9%€-30k€-90k▼ 204%
Net result€36k-€75k▲ 106%€42k▼ 43.8%€-35k€-98k▼ 179%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €90k in 2023 against €30k in 2022; the loss grows and 2023 is the lowest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €146k
Fixed assets
€26k▼ 20.3%
Current assets
€120k▼ 42.5%
Key figures and ratios
EBITDA
€-82k▼
2022 · €-21k
Cash flow
€-90k▼
2022 · €-27k
Solvency
-40.4%▼
2022 · 16.1%
Current ratio
0.83▼
2022 · 1.38
Quick ratio
0.14▲
2022 · 0.09
Debt / equity
-3.47▼
2022 · 5.19
ROE
166.0%▲
2022 · -90.1%
ROA
-67.1%▼
2022 · -14.6%
Interest coverage
-9.78▼
2022 · -3.72
Debt
€205k▲
2022 · €203k
Debt ≤ 1 year
€144k▼
2022 · €152k
Debt > 1 year
€61k▲
2022 · €51k
Staff costs
€31k▼
2022 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€242k€146k▼
Fixed assets21/28€33k€26k▼
Tangible fixed assets22/27€26k€19k▼
Plant, machinery and equipment23€627-
Furniture and vehicles24€25k€18k▼
Other tangible fixed assets26-€1k
Financial fixed assets28€7k€7k=
Current assets29/58€209k€120k▼
Stocks and contracts in progress3€194k€100k▼
Stocks30/36€194k€100k▼
Amounts receivable within one year40/41€12k€15k▲
Trade receivables40€4k€7k▲
Other amounts receivable41€8k€8k=
Cash at bank and in hand54/58€398€457▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€242k€146k▼
Equity10/15€39k€-59k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€19k€-80k▼
Amounts payable17/49€203k€205k▲
Amounts payable after more than one year17€51k€61k▲
Financial debts170/4€17k€7k▼
Other amounts payable178/9€33k€54k▲
Amounts payable within one year42/48€152k€144k▼
Current portion of amounts payable after more than one year42€23k€10k▼
Financial debts43€45k€45k▲
Credit institutions430/8€45k€45k▲
Trade debts44€52k€61k▲
Suppliers440/4€52k€61k▲
Taxes, remuneration and social security45€32k€28k▼
Taxes450/3€26k€21k▼
Remuneration and social security454/9€6k€8k▲
Accrued charges and deferred income492/3€280€280=
Income statement
Code20222023
Turnover70€360k€324k▼
Goods, raw materials, services and sundry goods60/61€354k€339k▼
Remuneration, social security and pensions62€32k€31k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k€35k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€7k€-15k▼
Operating profit (loss)9901€-30k€-90k▼
Financial income75/76B€103€58▼
Recurring financial income75€103€58▼
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€-35k€-98k▼
Profit (loss) for the period9904€-35k€-98k▼
Profit (loss) for the period to be appropriated9905€-35k€-98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€-80k▼
Profit (loss) brought forward from the previous period14P€54k€19k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
27-12
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · WATERLOO GALLERY SRL CHAUSSEE DE NIVELLES 12, 1410 WATERLOO · event 19-12-2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Weakest financial yearnet €-98k
Net result drops to €-98k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
2015
06-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 6 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waterloo · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Nivelles 121410 WaterlooGround area
1,416 m²
Building footprint
817 m²
Volume, LiDAR
3,207 m³
Parcel 25764Q0159/00K000, Wallonia · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WATERLOO GALLERY
since 20002.060.927.029
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0159/00K000 | Wallonia | 1,416 m² | 1 · 817 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VALERIE HAUTFENNE VIEUX CHEMIN DU POETE 11,
1301 BIERGES |
19-12-2024 → present |
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Of 2,589 companies in sector 47551 we hold annual accounts for 1,702. 1,110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-1993
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.