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WAVROTEL

Active1 interim measure
Public limited companyfounded 2017active for 9 yearsAvenue Georges Lemaitre 26, 6041 Charleroi, Belgium31 active companies are registered at this addressKBO/BCE: BE 0681.969.386
Summary

The file of WAVROTEL contains 1 interim measure and 6 judicial reorganisation notices, as published in the Belgian Official Gazette. The computed 12-month bankruptcy probability is 15.0% (high). The 2025 annual accounts show negative equity (-€8.7m) and a net result of -€598,394. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 5% of 496 sector peers (NACE 55, financial year 2025).

Overview

Activity
Other holiday and short-stay accommodation
NACE 55209Hotels and similar accommodation NACE 55100
10th largest employer in Charleroi, Accommodation and food service sector1 site
Size
€3.5mtotal assets 2025
Staff
16.7 FTE
Equity
-€8.7m
Loss
-€598,394
Financial health
26 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
15.0%
Structure
Parent
Immo - Sambre · 99.84%
Auditor: F.C.G. REVISEURS D'ENTREPRISESAccounts 31 days early2 of 6 deeds read
Why 26raises riskJudicial reorganisation on record (6 publications, latest 30-12-2022)Negative equity -€8.7mLoss of €598,394, the second in a row (financial year 2025)Liquidity: current ratio 0.39, cash €85,902Show the evidence

Checked score

Score 2025
26 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 12% of its sector peers (NACE 55, small)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -252.7% of total assets
Liquidity 19-12
short-term debt 64.1% · cash 2.5%
Profitability 0-15
return on assets -17.3%
Bankruptcy probability, 12 months
15.0% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (576 companies, NACE 55, small)
Last 24 months 11-2024: 19.4% 12-2024: 19.4%● unchanged vs 11-2024 01-2025: 17.5%▼ -1.9 percentage points vs 12-2024 02-2025: 17.7%▲ +0.2 percentage points vs 01-2025 03-2025: 17.6%▼ -0.1 percentage points vs 02-2025 04-2025: 18.2%▲ +0.6 percentage points vs 03-2025 05-2025: 20.4%▲ +2.2 percentage points vs 04-2025 06-2025: 21.1%▲ +0.7 percentage points vs 05-2025 07-2025: 21.9%▲ +0.8 percentage points vs 06-2025 08-2025: 23.9%▲ +2.0 percentage points vs 07-2025 09-2025: ≥ 25%▲ +2.7 percentage points vs 08-2025 10-2025: ≥ 25%● unchanged vs 09-2025 11-2025: ≥ 25%● unchanged vs 10-2025 12-2025: ≥ 25%● unchanged vs 11-2025highest value 01-2026: 21.1%▼ -14.4 percentage points vs 12-2025 02-2026: 17.2%▼ -3.9 percentage points vs 01-2026 03-2026: 18.5%▲ +1.3 percentage points vs 02-2026 04-2026: 18.5%● unchanged vs 03-2026 05-2026: 18.5%● unchanged vs 04-2026 06-2026: 19.0%▲ +0.5 percentage points vs 05-2026 07-2026: 15.0%▼ -4.0 percentage points vs 06-2026lowest value 08-2026: 15.0%● unchanged vs 07-2026lowest value 09-2026: 15.0%● unchanged vs 08-2026lowest value 10-2026: 15.0%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.39, compared with 0.49 in 2024, below 1; short-term debt: 64.1% and cash: 2.5% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, small): better than 4% on solvency, 11% on liquidity, 3% on profitability and 29% on growth.

The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Judicial reorganisation on record (6 publications, latest 30-12-2022)
Belgian Official Gazette
raises risk · Negative equity -€8.7m
NBB · annual accounts
raises risk · Loss of €598,394, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.39, cash €85,902
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€8.7m
raises risk · Interim administration
1 publication on interim administration in the Belgian Official Gazette. An early signal, not a finding of bankruptcy.
Belgian Official Gazette
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 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
31 days early
2024
134 days late
2023
57 days early
2022
1 day early
2021
7 days early
2020
61 days late
2019
31 days 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 19 days after the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Permanent representative: Gilles MeyfroidtGazette deed
  2. Annual accounts filedfinancial year 2025 · full…
  3. Reappointment: F.C.G. REVISEURS D'ENTREPRISES (statutory auditor)Permanent representative: Steve LOTTIN

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€8.7m View
  • Risk: 8 loss-making years in a rowloss financial year 2025 -€598,394 View
  • Caution: Among the weakest 5% on solvencysector median 35.0% · 496 companies -252.7% View
  • Controlled by Immo - Sambreknown shareholders 100% 99.84% View

By topic

Financials

Financial year
2025
Total assets
€3.5m
Loss
-€598,394
Solvency
-252.7%
Total assets▼ 9.6%
Net result
20182025
Go to Financials

Board & ownership

Parent
Immo - Sambre · 99.84%
Known shareholders
100%
Auditor
F.C.G. REVISEURS D'ENTREPRISES
Go to Board & ownership

Timeline

Events
18
Since
2019
Next accounts
by 31-07-2027
  1. 12-12-2025Annual accounts filed
  2. 04-06-2024Annual accounts filed
  3. 30-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other holiday and short-stay accommodationNACE 55209
Founded
02-10-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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