Financials
- Fiscal year
- 2024
- Total assets
- €7.3m
- Profit
- €522,096
- Solvency
- 52.2%
Total assets▼ 19.9%
Net result
20182024
WAVALIN
ActiveSummary
WAVALIN has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.8m and a net result of €522,096. Equity is shrinking by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Manufacture of textiles
NACE 13100NACE 17140
3 sites
Size
€7.3mtotal assets 2024
- Staff
- 6.3 FTE
- Equity
- €3.8m
- Profit
- €522,096
Turnover not published (abridged schema)
Structure
- Parent
- WARLINCO · 100%
Accounts 39 d early0 of 5 deeds read
Why 85- Figures for FY 2024 (filed 30-07-2025)+ Founded in 1987+ Sector Manufacture of textiles (NACE 13)+ Profit of €522,096 (FY 2024)Show the evidence
Checked score
Score 2024
85
/ 100
Excellent
Probability in this band: under 0.55%
Better than 48% of its sector peers (NACE 13, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
77+8
equity 52.2% of total assets
Liquidity
52-21
short-term debt 19.8% · cash 6.2%
Profitability
78-21
return on assets 7.2%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: < 0.1%lowest value
08-2025: 0.1%▲ +20.9% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%▲ +9.6% vs 03-2026
05-2026: 0.1%▲ +7.0% vs 04-2026
06-2026: 0.1%▲ +8.2% vs 05-2026
07-2026: 0.1%▲ +4.5% vs 06-2026
08-2026: 0.1%▲ +101% vs 07-2026
09-2026: 0.2%▲ +32.4% vs 08-2026
10-2026: 0.3%▲ +66.8% vs 09-2026highest value
- Figures for FY 2024 (filed 30-07-2025) raises the probability
- Founded in 1987 lowers the probability for this profile
- Sector Manufacture of textiles (NACE 13) lowers the probability
- Profit of €522,096 (FY 2024) lowers the probability
Credit up to €320,000 at 30 days acceptable
Liquidity ample (current ratio 2.82 against 2.16 in 2023; short-term debt: 19.8% and cash: 6.2% of total assets), and 47.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 13, micro). Better than this share of them on solvency 56%, liquidity 46%, profitability 64%, growth against the median 27%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
6 d early
2023
23 d early
2022
17 d late
2021
29 d late
2020
31 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed 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 25 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
By topic
Board & ownership
- Parent
- WARLINCO · 100%
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 22-06-2026Annual accounts filed
- 25-07-2025Annual accounts filed
- 08-07-2024Annual accounts filed
Company details
- Sites
- 3
- Legal form
- Public limited company
- Activity
- Manufacture of textilesNACE 13100
- Founded
- 01-10-1987
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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