WAX
ActiveSummary
WAX has been active since 1998 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2025 annual accounts show equity of €1.1m and a net result of -€27,048. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 3510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+1
Solvency100=
Growth58=
Track record84
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.4 in 2024; short-term debt: 7% and cash: 0.1% of total assets), and 7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
19202122232425
2019 to 2025 · latest year -€27,048
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-04-2026, 86 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 filingsDeviation from the deadline
2025
86 d late
2024
451 d late
2023
817 d late
2022
1182 d late
2021
on the day
2020
on the day
2019
11 d early
← 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 361 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingStrikeout withdrawn
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 April (4 of the last 5 filed years within 451 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€1.1m▼ 2.4%
2024 · €1.1m
Total assets
€1.2m▼ 1.0%
2024 · €1.2m
Net result
-€27,048▲ 15.0%
2024 · -€31,820
Working capital
-€56,298▼ 43.6%
2024 · -€39,215
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€19,642▲ 59.3%-€9,096▲ 53.7%-€41,398▼ 355%-€31,781▲ 23.2%-€26,999▲ 15.0%
Net result-€18,542below the sector's middle half▲ 60.9%-€387,020below the sector's middle half▼ 1,987%-€41,712below the sector's middle half▲ 89.2%-€31,820below the sector's middle half▲ 23.7%-€27,048below the sector's middle half▲ 15.0%
Equity€1.6mabove the sector's middle half▼ 1.2%€1.2mabove the sector's middle half▼ 24.7%€1.1mabove the sector's middle half▼ 3.5%€1.1mabove the sector's middle half▼ 2.8%€1.1mabove the sector's middle half▼ 2.4%
Total assets€1.6mabove the sector's middle half▼ 1.3%€1.2mabove the sector's middle half▼ 24.1%€1.2mabove the sector's middle half▼ 0.4%€1.2mabove the sector's middle half▼ 1.3%€1.2mabove the sector's middle half▼ 1.0%
Debt€5,482▼ 26.2%€13,367▲ 144%€49,905▲ 273%€65,810▲ 31.9%€81,393▲ 23.7%
Working capital€15,442within the sector's middle half▼ 34.9%€14,387within the sector's middle half▼ 6.8%-€17,360below the sector's middle half-€39,215below the sector's middle half▼ 126%-€56,298below the sector's middle half▼ 43.6%
Solvency99.7%above the sector's middle half▲ 0.1pp98.9%above the sector's middle half▼ 0.8pp95.8%above the sector's middle half▼ 3.1pp94.4%above the sector's middle half▼ 1.4pp93.0%above the sector's middle half▼ 1.4pp
Current ratio3.82above the sector's middle half▼ 0.382.08within the sector's middle half▼ 1.740.65below the sector's middle half▼ 1.420.40below the sector's middle half▼ 0.250.31below the sector's middle half▼ 0.10
Return on assets (ROA)-1.2%below the sector's middle half▲ 1.8pp-32.4%below the sector's middle half▼ 31.2pp-3.5%below the sector's middle half▲ 28.9pp-2.7%below the sector's middle half▲ 0.8pp-2.3%below the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -1,987% on 2021. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,999 in 2025 against €31,781 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▼ 0.9%
Current assets
€25,095 ▼ 5.6%
Equity and liabilities €1.2m
Equity
€1.1m ▼ 2.4%
Debt
€81,393 ▲ 23.7%
Debt's share of the balance-sheet total rises from 5.6% to 7.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€17,034▲
2024 · -€21,816
Cash flow
-€17,083▲
2024 · -€21,855
Debt to equity
0.08▲
2024 · 0.06
ROE
-2.5%▲
2024 · -2.9%
Interest coverage
-336.03▲
2024 · -545.41
Debt ≤ 1 year
€81,393▲
2024 · €65,810
Income taxes
€1▲
2024 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,281 | €9,965 | €9,965 | €9,965 | €9,965 | = |
| Other operating charges640/8 | - | €1,988 | €2,194 | €5,291 | €1,602 | ▼ 69.7% |
| Gross operating margin9900 | -€6,903 | €2,858 | -€29,240 | -€16,525 | -€15,432 | ▲ 6.6% |
| Operating profit (loss)9901 | -€19,642 | -€9,096 | -€41,398 | -€31,781 | -€26,999 | ▲ 15.0% |
| Financial income75/76B | - | €173 | €0 | €2 | €2 | ▲ 6.1% |
| Recurring financial income75 | €1,207 | €173 | €0 | €2 | €2 | ▲ 6.1% |
| Financial charges65/66B | - | €378,097 | €313 | €40 | €51 | ▲ 26.7% |
| Recurring financial charges65 | €107 | €2,097 | €313 | €40 | €51 | ▲ 26.7% |
| Non-recurring financial charges66B | - | €376,000 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€18,542 | -€387,020 | -€41,712 | -€31,819 | -€27,047 | ▲ 15.0% |
| Income taxes67/77 | - | - | - | €1 | €1 | ▲ 6.9% |
| Profit (loss) for the period9904 | -€18,542 | -€387,020 | -€41,712 | -€31,820 | -€27,048 | ▲ 15.0% |
| Profit (loss) for the period to be appropriated9905 | -€18,542 | -€387,020 | -€41,712 | -€31,820 | -€27,048 | ▲ 15.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.0% |
| Fixed assets21/28 | €1.6m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 0.9% |
| Tangible fixed assets22/27 | €177,457 | €167,491 | €157,527 | €147,562 | €137,597 | ▼ 6.8% |
| Land and buildings22 | - | €167,491 | €157,527 | €147,562 | €137,597 | ▼ 6.8% |
| Financial fixed assets28 | €1.4m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €20,924 | €27,754 | €32,545 | €26,595 | €25,095 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €18,304 | €24,836 | €25,810 | €25,398 | €24,486 | ▼ 3.6% |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €24,836 | €25,810 | €25,398 | €24,486 | ▼ 3.6% |
| Cash at bank and in hand54/58 | €949 | €1,023 | €6,735 | €1,196 | €609 | ▼ 49.1% |
| Deferred charges and accrued income490/1 | - | €1,895 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.0% |
| Equity10/15 | €1.6m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 2.4% |
| Contributions10/11 | - | €842,205 | €842,205 | €842,205 | €842,205 | = |
| Reserves13 | €196,679 | €196,679 | €196,679 | €196,679 | €196,679 | = |
| Non-distributable reserves130/1 | - | €41,700 | €41,700 | €41,700 | €41,700 | = |
| Reserves not available under the articles1311 | - | €41,700 | €41,700 | €41,700 | €41,700 | = |
| Distributable reserves133 | - | €154,979 | €154,979 | €154,979 | €154,979 | = |
| Profit (loss) carried forward14 | €530,014 | €142,994 | €101,283 | €69,463 | €42,415 | ▼ 38.9% |
| Amounts payable17/49 | €5,482 | €13,367 | €49,905 | €65,810 | €81,393 | ▲ 23.7% |
| Amounts payable within one year42/48 | €5,482 | €13,367 | €49,905 | €65,810 | €81,393 | ▲ 23.7% |
| Trade debts44 | €862 | €1,687 | €7,274 | €1,152 | €1,085 | ▼ 5.8% |
| Suppliers440/4 | - | €1,687 | €7,274 | €1,152 | €1,085 | ▼ 5.8% |
| Taxes, remuneration and social security45 | - | €0 | €951 | €159 | €159 | = |
| Taxes450/3 | - | €0 | €951 | €159 | €159 | = |
| Other amounts payable47/48 | - | €11,680 | €41,680 | €64,500 | €80,150 | ▲ 24.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,542 | -€387,020 | -€41,712 | -€31,820 | -€27,048 | ▲ 15.0% |
| + Depreciation and write-downs630 | €10,281 | €9,965 | €9,965 | €9,965 | €9,965 | = |
| Operating cash flow (approximation) | -€8,261 | -€377,055 | -€31,747 | -€21,855 | -€17,083 | ▲ 21.8% |
| Investment in fixed assets (approximation) | - | €376,000 | €0 | €0 | €0 | - |
| Change in cash | - | €74 | €5,712 | -€5,539 | -€588 | ▲ 89.4% |
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
18-05
KBO administration
Strikeout withdrawn
event 27-04-2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 86 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 451 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 817 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1182 days late
03-04
KBO administration
Late accounts filing
2022
30-06
Financial
Weakest financial yearnet -€387,020
Net result drops to -€387,020, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Ranst · 1 establishment unit since 2000
Ground area
1,300 m²
Building footprint
160 m²
Volume, LiDAR
1,009 m³
Parcel 11010C0225/00C000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nierlenderstraat 38, 2520 Ranst
since 20002.087.153.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010C0225/00C000 | Flanders | 1,300 m² | 1 · 160 m² | 9.8 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.67%
According to the annual accounts to 30-06-2025 of WAX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
CARLO MEERT
BE 0894.567.157
Erpe-Mere · Eq €1,090,151
ADVOKATENKANTOOR MORTIER
BE 0444.949.490
Sint-Niklaas · Eq €1,070,986
DEPUYDT P.A.J.
BE 0433.586.436
Brussel · Eq €1,063,478
COFATEX
BE 0830.904.968
Thimister-Clermont · Eq €1,120,174
SOETE ADVOCATENKANTOOR
BE 0443.117.576
Oostende · Eq €1,041,191
Of 3,838 companies in sector 74111 we hold annual accounts for 1,006. 630 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 (pre-2019)
Founded02-06-1998
Fiscal year end30-06
Activities, NACEBEL 2025
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463487180
Also
9925:BE0463487180
Registered
10-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.