WAW CONCEPT
ActiveWAW CONCEPT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €4k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 454 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+4
Solvency52▼-33
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 2.4 in 2024; short-term debt: 72.9% and cash: 67.7% of total assets), and 72.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.1%
Return on assets
5.1%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 04-03-2026, 149 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
149 d early
2024
28 d early
2023
40 d early
2022
38 d early
2021
37 d early
2020
29 d early
2019
29 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€4k▲ 164%
2024 · €1k
2018: €329
2019: €-13k
2020: €4k
2021: €25k
2022: €8k
2023: €3k
2024: €1k
2018 → 2025
Working capital
€18k▼ 59.1%
2024 · €45k
2018: €11k
2019: €-7k
2020: €-3k
2021: €26k
2022: €36k
2023: €44k
2024: €45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€45k▲ 23.4%€48k▲ 7.2%€49k▲ 3.0%€20k▼ 59.3%
Operating result€27k-€12k▼ 56.8%€4k▼ 63.8%€2k▼ 53.5%€5k▲ 158%
Net result€25k-€8k▼ 66.5%€3k▼ 62.0%€1k▼ 55.2%€4k▲ 164%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 158% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€2k▼ 64.8%
Current assets
€73k▼ 6.3%
Equity and liabilities €74k
Equity
€20k▼ 59.3%
Debt
€54k▲ 65.1%
The debt ratio rises from 39.9% to 72.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▲
2024 · €4k
Cash flow
€5k▲
2024 · €3k
Solvency
27.1%▼
2024 · 60.1%
Current ratio
1.34▼
2024 · 2.40
Quick ratio
1.07▼
2024 · 1.97
Debt / equity
2.69▲
2024 · 0.66
ROE
19.0%▲
2024 · 2.9%
ROA
5.1%▲
2024 · 1.8%
Interest coverage
121.89▲
2024 · 65.24
Debt
€54k▲
2024 · €33k
Debt ≤ 1 year
€54k▲
2024 · €32k
Income taxes
€1k▲
2024 · €493
Staff costs
€18k▼
2024 · €31k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€82k€74k▼
Formation expenses20€0-
Fixed assets21/28€5k€2k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€1k€512▼
Plant, machinery and equipment23€175-
Furniture and vehicles24€1k€512▼
Financial fixed assets28€2k€60▼
Current assets29/58€77k€73k▼
Stocks and contracts in progress3€14k€14k▲
Stocks30/36€14k€14k▲
Amounts receivable within one year40/41€29k€7k▼
Trade receivables40€27k€543▼
Other amounts receivable41€3k€7k▲
Cash at bank and in hand54/58€33k€50k▲
Deferred charges and accrued income490/1€650€650=
Equity and liabilities
Total equity and liabilities10/49€82k€74k▼
Equity10/15€49k€20k▼
Contributions10/11€20k€20k=
Reserves13€29k€0▼
Distributable reserves133€29k-
Profit (loss) carried forward14€264€71▼
Amounts payable17/49€33k€54k▲
Amounts payable within one year42/48€32k€54k▲
Trade debts44€3k€11k▲
Suppliers440/4€3k€11k▲
Advances received on contracts in progress46€11k-
Taxes, remuneration and social security45€6k€1k▼
Taxes450/3€2k-
Remuneration and social security454/9€4k€1k▼
Other amounts payable47/48€13k€42k▲
Accrued charges and deferred income492/3€487-
Income statement
Code20242025
Remuneration, social security and pensions62€31k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€505€506▲
Gross operating margin9900€35k€25k▼
Operating profit (loss)9901€2k€5k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€54€54=
Recurring financial charges65€54€54=
Profit (loss) for the period before taxes9903€2k€5k▲
Income taxes67/77€493€1k▲
Profit (loss) for the period9904€1k€4k▲
Profit (loss) for the period to be appropriated9905€1k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€4k▲
Profit (loss) brought forward from the previous period14P€824€264▼
Transfer from equity791/2-€29k
Transfer to equity691/2€2k-
To other reserves6921€2k-
Profit to be distributed694/7-€33k
Return on contributions (dividend)694-€33k
Social balance
Average headcount (FTE)90871.00.5▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €25k ▲512%
Operating result €27k, net result €25k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.97
Current ratio from 0.91 to 1.97; short-term debt falls from €30k to €27k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-13k ▼4203%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial 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, Herve · 1 establishment unit since 2018
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.
Rue de Rechain 38 B4650 HerveGround area
1,909 m²
Parcel 63014A0624/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
WAW CONCEPT
since 20182.273.672.971
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63014A0624/00B000 | Wallonia | 1,909 m² | - | - |
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.
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Of 7,010 companies in sector 81220 we hold annual accounts for 2,414. 1,798 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2018
Fiscal year end31-12
Activities, NACEBEL
46851Wholesale of industrial chemicals
81220Other building cleaning and industrial cleaning
20412Manufacture of chemicals and chemical products
47783Retail trade
47784Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.