WAW
ActiveSummary
WAW has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €-20k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 64% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-20
Solvency76▼-4
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 2.28 in 2024; short-term debt: 46.2% and cash: 79.3% of total assets), and 49.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
50.7%
Return on assets
-12.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-20k
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
59 d early
2023
30 d early
2022
60 d early
2021
25 d early
2020
31 d late
2019
26 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€111k
EBIT margin
10.1%
Net result
€-20k▼ 185%
2024 · €-7k
2018: €-2k
2019: €5k▲ +391% vs 2018
2020: €-2k▼ -135% vs 2019
2021: €9k▲ +582% vs 2020highest in 8 years
2022: €1k▼ -85.4% vs 2021
2023: €2k▲ +42.0% vs 2022
2024: €-7k▼ -465% vs 2023
2025: €-20k▼ -185% vs 2024lowest in 8 years
2018 → 2025
Working capital
€86k▼ 12.8%
2024 · €98k
2018: €31klowest in 8 years
2019: €46k▲ +48.1% vs 2018
2020: €59k▲ +27.9% vs 2019
2021: €82k▲ +39.2% vs 2020
2022: €89k▲ +9.1% vs 2021
2023: €97k▲ +8.8% vs 2022
2024: €98k▲ +0.9% vs 2023highest in 8 years
2025: €86k▼ -12.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€109k▼ 0.2%€109k▲ 0.2%€101k▼ 7.9%€81k▼ 19.5%
2021: €109khighest in 5 years
2022: €109k▼ -0.2% vs 2021
2023: €109k▲ +0.2% vs 2022
2024: €101k▼ -7.9% vs 2023
2025: €81k▼ -19.5% vs 2024lowest in 5 years
Operating result€16k-€7k▼ 58.4%€7k▲ 12.2%€-962€-14k▼ 1,375%
2021: €16khighest in 5 years
2022: €7k▼ -58.4% vs 2021
2023: €7k▲ +12.2% vs 2022
2024: €-962▼ -113% vs 2023
2025: €-14k▼ -1375% vs 2024lowest in 5 years
Net result€9k-€1k▼ 85.4%€2k▲ 42.0%€-7k€-20k▼ 185%
2021: €9khighest in 5 years
2022: €1k▼ -85.4% vs 2021
2023: €2k▲ +42.0% vs 2022
2024: €-7k▼ -465% vs 2023
2025: €-20k▼ -185% vs 2024lowest in 5 years
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 €14k in 2025 against €962 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€168 ▼ 97.9%
Current assets
€159k ▼ 9.0%
Equity and liabilities €160k
Equity
€81k ▼ 19.5%
Debt
€79k ▼ 5.0%
Debt's share of the balance-sheet total rises from 45.1% to 49.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2024 · €7k
Cash flow
€-12k▼
2024 · €985
Current ratio
2.16▼
2024 · 2.28
Quick ratio
1.76▼
2024 · 1.80
Debt to equity
0.97▲
2024 · 0.82
ROE
-24.3%▼
2024 · -6.9%
ROA
-12.3%▼
2024 · -3.8%
Interest coverage
-1.08▼
2024 · 1.03
Debt ≤ 1 year
€74k▼
2024 · €77k
Income taxes
€306▼
2024 · €897
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€183k€160k▼
Fixed assets21/28€8k€168▼
Tangible fixed assets22/27€8k€168▼
Land and buildings22€7k€0▼
Plant, machinery and equipment23€767€0▼
Furniture and vehicles24€734€168▼
Financial fixed assets28€0-
Current assets29/58€175k€159k▼
Stocks and contracts in progress3€37k€30k▼
Stocks30/36€37k€30k▼
Amounts receivable within one year40/41€6k€826▼
Trade receivables40€2k€132▼
Other amounts receivable41€3k€694▼
Current investments50/53€0-
Cash at bank and in hand54/58€131k€127k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€183k€160k▼
Equity10/15€101k€81k▼
Contributions10/11€19k€19k=
Reserves13€86k€86k=
Distributable reserves133€86k€86k=
Profit (loss) carried forward14€-5k€-24k▼
Amounts payable17/49€83k€79k▼
Amounts payable within one year42/48€77k€74k▼
Trade debts44€3k€358▼
Suppliers440/4€3k€358▼
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€70k€68k▼
Accrued charges and deferred income492/3€6k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€2k€2k▼
Gross operating margin9900€9k€-4k▼
Operating profit (loss)9901€-962€-14k▼
Financial income75/76B€2k€673▼
Recurring financial income75€2k€673▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€-6k€-19k▼
Income taxes67/77€897€306▼
Profit (loss) for the period9904€-7k€-20k▼
Profit (loss) for the period to be appropriated9905€-7k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-24k▼
Profit (loss) brought forward from the previous period14P€2k€-5k▼
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€2k€0▼
Return on contributions (dividend)694€2k€0▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €8k | €8k | €8k | €8k | = |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 3.6% |
| Gross operating margin9900 | €32k | €16k | €18k | €9k | €-4k | ▼ 149% |
| Operating profit (loss)9901 | €16k | €7k | €7k | €-962 | €-14k | ▼ 1,375% |
| Financial income75/76B | €888 | €1 | €688 | €2k | €673 | ▼ 59.3% |
| Recurring financial income75 | €888 | €1 | €688 | €2k | €673 | ▼ 59.3% |
| Financial charges65/66B | €5k | €4k | €5k | €7k | €6k | ▼ 13.1% |
| Recurring financial charges65 | €5k | €4k | €5k | €7k | €6k | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €12k | €2k | €3k | €-6k | €-19k | ▼ 222% |
| Income taxes67/77 | €3k | €929 | €1k | €897 | €306 | ▼ 65.9% |
| Profit (loss) for the period9904 | €9k | €1k | €2k | €-7k | €-20k | ▼ 185% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €9k | €1k | €2k | €-7k | €-20k | ▼ 185% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211k | €200k | €201k | €183k | €160k | ▼ 13.0% |
| Fixed assets21/28 | €31k | €23k | €16k | €8k | €168 | ▼ 97.9% |
| Tangible fixed assets22/27 | €30k | €23k | €16k | €8k | €168 | ▼ 97.9% |
| Land and buildings22 | €26k | €20k | €13k | €7k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €3k | €2k | €2k | €767 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1k | €552 | €1k | €734 | €168 | ▼ 77.1% |
| Financial fixed assets28 | €125 | €125 | €125 | €0 | - | - |
| Current assets29/58 | €181k | €177k | €185k | €175k | €159k | ▼ 9.0% |
| Stocks and contracts in progress3 | €34k | €33k | €39k | €37k | €30k | ▼ 19.1% |
| Stocks30/36 | €34k | €33k | €39k | €37k | €30k | ▼ 19.1% |
| Amounts receivable within one year40/41 | €6k | €7k | €4k | €6k | €826 | ▼ 85.9% |
| Trade receivables40 | €5k | €4k | €1k | €2k | €132 | ▼ 94.5% |
| Other amounts receivable41 | €754 | €3k | €3k | €3k | €694 | ▼ 79.9% |
| Current investments50/53 | - | - | €50k | €0 | - | - |
| Cash at bank and in hand54/58 | €139k | €135k | €89k | €131k | €127k | ▼ 3.1% |
| Deferred charges and accrued income490/1 | €1k | €2k | €3k | €2k | €2k | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211k | €200k | €201k | €183k | €160k | ▼ 13.0% |
| Equity10/15 | €109k | €109k | €109k | €101k | €81k | ▼ 19.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €85k | €86k | €88k | €86k | €86k | = |
| Non-distributable reserves130/1 | €4k | €4k | €0 | - | - | - |
| Reserves not available under the articles1311 | €4k | €4k | €0 | - | - | - |
| Distributable reserves133 | €81k | €82k | €88k | €86k | €86k | = |
| Profit (loss) carried forward14 | €6k | €4k | €2k | €-5k | €-24k | ▼ 433% |
| Amounts payable17/49 | €102k | €91k | €91k | €83k | €79k | ▼ 5.0% |
| Amounts payable within one year42/48 | €98k | €87k | €87k | €77k | €74k | ▼ 4.3% |
| Trade debts44 | €2k | €508 | €734 | €3k | €358 | ▼ 87.0% |
| Suppliers440/4 | €2k | €508 | €734 | €3k | €358 | ▼ 87.0% |
| Taxes, remuneration and social security45 | €16k | €9k | €12k | €4k | €6k | ▲ 34.9% |
| Taxes450/3 | €8k | €6k | €6k | €4k | €6k | ▲ 34.9% |
| Remuneration and social security454/9 | €9k | €3k | €6k | €0 | - | - |
| Other amounts payable47/48 | €81k | €78k | €75k | €70k | €68k | ▼ 3.5% |
| Accrued charges and deferred income492/3 | €3k | €3k | €4k | €6k | €5k | ▼ 13.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €1k | €2k | €-7k | €-20k | ▼ 185% |
| + Depreciation and write-downs630 | €14k | €8k | €8k | €8k | €8k | = |
| Operating cash flow (approximation) | €23k | €9k | €10k | €985 | €-12k | ▼ 1,294% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €125 | €0 | ▼ 100% |
| Change in cash | - | €-4k | €-46k | €41k | €-4k | ▼ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-09
State Gazette act
Appointment: Ines LAMBERT (director)Power of attorney7 facts ▸
State Gazette act
Appointment: Ines LAMBERT (director)
Power of attorney7 facts ▸
- General meeting, 08-09-2026
- Director appointment, Ines LAMBERT (director)
- Board composition, Luc BERTRAND (director)
- Board composition, Ines LAMBERT (director)
- Power of attorney, VGD Accountants en Belastingconsulenten
- Power of attorney, Ellen BOUCKAERT
- Power of attorney, Neelke DE VRIENDT
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Equity above €100kEq €102k ▲5.5%
Equity rises from €97k to €102k.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Ines LAMBERT
CurrentDirector · since 01-07-2026
01-07-2026
Appointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Anzegem · 1 establishment unit since 1995
Ground area
805 m²
Building footprint
219 m²
Volume, LiDAR
1,534 m³
Parcel 34038A0122/00A002, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WAW BVBA
since 19952.059.308.020
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038A0122/00A002 | Flanders | 805 m² | 1 · 219 m² | 12.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,680 EUR awarded · 1,680 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,680 EUR | 1,680 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 765 companies in sector 47552 we hold annual accounts for 444. 362 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
Founded03-08-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
31004Manufacture of dining room, living room, bedroom and bathroom furniture
Scores and ratios are computed by Checked and are not a credit decision.