WAVRE

Active

Private limited companyfounded 201312 yrs activeSteenweg op Waver 844, 1040 Etterbeek, BelgiumKBO/BCE: BE 0542.481.507

The computed 12-month bankruptcy probability of WAVRE is 2.3% (moderate). The 2024 annual accounts show equity of €8k and a net result of €-18k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 26057 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

22 / 100

Critical▼ -54 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency19▼-21

Growth32▼-46

Stability100

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.08 against 1.27 in 2023), and 91% of the assets are financed with debt.

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

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

Return on assets

-20.3%

Age of the figures

20 mo

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

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

60 d late

2022

28 d late

2021

35 d late

2020

130 d late

2019

4 d early

← before the deadline after the deadline →

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 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-18k

2023 · €11k

2018: €7k 2019: €-4k 2020: €-4k 2021: €2k 2022: €8k 2023: €11k

2018 → 2024

Working capital

€6k▼ 72.1%

2023 · €23k

2018: €18k 2019: €15k 2020: €8k 2021: €8k 2022: €19k 2023: €23k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€15k-€17k▲ 14.7%€24k▲ 46.8%€26k▲ 4.4%€8k▼ 69.4%

Operating result€-4k-€3k€8k▲ 147%€12k▲ 46.1%€-17k

Net result€-4k-€2k€8k▲ 265%€11k▲ 42.1%€-18k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €17k after €12k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €87k

98.3%

Fixed assets €1k▼ 47.8%

Current assets €86k▼ 19.5%

Equity and liabilities €87k

91.0%

Equity €8k▼ 69.4%

Debt €79k▼ 5.2%

The debt ratio rises from 76.6% to 91.0%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-15k▼

2023 · €14k

Cash flow

€-16k▼

2023 · €14k

Solvency

9.0%▼

2023 · 23.4%

Current ratio

1.08▼

2023 · 1.27

Quick ratio

1.00▼

2023 · 1.18

Debt / equity

10.15▲

2023 · 3.28

ROE

-226.9%▼

2023 · 43.4%

ROA

-20.3%▼

2023 · 10.1%

Interest coverage

-13.57▼

2023 · 21.49

Debt

€79k▼

2023 · €84k

Debt ≤ 1 year

€79k▼

2023 · €84k

Staff costs

€196k▲

2023 · €127k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€109k€87k▼

Fixed assets21/28€3k€1k▼

Tangible fixed assets22/27€3k€1k▼

Plant, machinery and equipment23€564€62▼

Furniture and vehicles24€1k€1k▲

Other tangible fixed assets26€1k€0▼

Current assets29/58€106k€86k▼

Stocks and contracts in progress3€8k€7k▼

Stocks30/36€8k€7k▼

Amounts receivable within one year40/41€34k€29k▼

Trade receivables40€27k€27k▼

Other amounts receivable41€7k€2k▼

Cash at bank and in hand54/58€64k€44k▼

Deferred charges and accrued income490/1€187€6k▲

Equity and liabilities

Total equity and liabilities10/49€109k€87k▼

Equity10/15€26k€8k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€22k€4k▼

Amounts payable17/49€84k€79k▼

Amounts payable within one year42/48€84k€79k▼

Trade debts44€11k€0▼

Suppliers440/4-€0

Bills of exchange payable441€11k-

Taxes, remuneration and social security45€33k€34k▲

Taxes450/3€10k€12k▲

Remuneration and social security454/9€23k€23k▼

Other amounts payable47/48€40k€45k▲

Income statement Code20232024

Remuneration, social security and pensions62€127k€196k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€16k-

Other operating charges640/8€323€402▲

Non-recurring operating charges66A-€621

Gross operating margin9900€158k€182k▲

Operating profit (loss)9901€12k€-17k▼

Financial income75/76B€400-

Recurring financial income75€400-

Financial charges65/66B€955€1k▲

Recurring financial charges65€672€1k▲

Non-recurring financial charges66B€283-

Profit (loss) for the period before taxes9903€11k€-18k▼

Profit (loss) for the period9904€11k€-18k▼

Profit (loss) for the period to be appropriated9905€11k€-18k▼

Appropriation of the result

Profit (loss) to be appropriated9906€22k€4k▼

Profit (loss) brought forward from the previous period14P€11k€22k▲

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

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Weakest financial yearnet €-18k ▼260%

Net result drops to €-18k, the lowest in the series.

29-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 60 days late

2023

31-12

Financial Highest result since 2018net €11k ▲42.1%

Operating result €12k, net result €11k, both a record.

28-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 28 days late

2022

04-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 35 days late

2021

31-12

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

08-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 130 days late

2020

27-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

17-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

24-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

21-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

21-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Etterbeek · 1 establishment unit since 2013

establishment The establishment unit on the map

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.

Steenweg op Waver 8441040 Etterbeek

Ground area

112 m²

Building footprint

112 m²

Volume, LiDAR

941 m³

Parcel 21362B0102/00M002, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

WAVRE

Steenweg op Waver 844, 1040 EtterbeekRetail sale of bread and pastry (bakery outlets)

since 20132.224.980.159

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21362B0102/00M002	Brussels	112 m²	1 · 112 m²	14.7 m · 4 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Etterbeek2.224.980.159

1 permission

Toelating · Bakkerij · since 07-01-2014

Similar companies · same sector, comparable size

Herk-de-Stad · Eq €8k

Of 4,201 companies in sector 10712 we hold annual accounts for 1,851. 790 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-11-2013

Fiscal year end31-12

Activities, NACEBEL

10712Artisanal bread and fresh pastry making

47241Retail sale of bread and pastry (bakery outlets)

Sources

Crossroads Bank for EnterprisesNational Bank · 11 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.

Contact details

1 entry

E-mail:croustille2020@outlook.be

Enterprise