WAX-IT
ActiveWAX-IT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132k and a net result of €77k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 1024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-2
Solvency37▲+9
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.95 in 2024; short-term debt: 84.6% and cash: 8.3% of total assets), and 88.2% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← 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
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
11.8%
Return on assets
6.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1024 sector peers (2025).
NBB · sector comparisonPosition among 1024 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
17 d early
2023
30 d late
2022
73 d late
2021
29 d late
2020
31 d late
2019
69 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€132k▲ 141%
2024 · €55k
2018: €88k
2019: €144k
2020: €210k
2021: €212k
2022: €-21k
2023: €-17k
2024: €55k
2018 → 2025
Total assets
€1.12M▼ 31.7%
2024 · €1.64M
2018: €554k
2019: €596k
2020: €820k
2021: €1.27M
2022: €953k
2023: €1.34M
2024: €1.64M
2018 → 2025
Net result
€77k▲ 7.1%
2024 · €72k
2018: €126k
2019: €55k
2020: €216k
2021: €253k
2022: €-233k
2023: €3k
2024: €72k
2018 → 2025
Working capital
€-29k▲ 60.5%
2024 · €-73k
2018: €20k
2019: €106k
2020: €143k
2021: €119k
2022: €-152k
2023: €-113k
2024: €-73k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€212k-€-21k€-17k▲ 15.6%€55k€132k▲ 141%
Operating result€285k-€-216k€32k€115k▲ 257%€104k▼ 9.4%
Net result€253k-€-233k€3k€72k▲ 2,153%€77k▲ 7.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€202k▲ 16.0%
Current assets
€920k▼ 37.4%
Equity and liabilities €1.12M
Equity
€132k▲ 141%
Debt
€990k▼ 37.7%
The debt ratio falls from 96.7% to 88.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161k▼
2024 · €173k
Cash flow
€135k▲
2024 · €130k
Solvency
11.8%▲
2024 · 3.3%
Current ratio
0.97▲
2024 · 0.95
Quick ratio
0.26▲
2024 · 0.16
Debt / equity
7.51▼
2024 · 29.03
ROE
58.5%▼
2024 · 131.7%
ROA
6.9%▲
2024 · 4.4%
Interest coverage
2.64▼
2024 · 3.21
Debt
€990k▼
2024 · €1.59M
Debt ≤ 1 year
€949k▼
2024 · €1.54M
Debt > 1 year
€41k▼
2024 · €47k
Income taxes
€176▼
2024 · €194
Staff costs
€327k▲
2024 · €290k
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€1.64M€1.12M▼
Fixed assets21/28€174k€202k▲
Intangible fixed assets21€11k€14k▲
Tangible fixed assets22/27€148k€173k▲
Land and buildings22€34k€28k▼
Plant, machinery and equipment23€20k€13k▼
Furniture and vehicles24€13k€11k▼
Leasing and similar rights25€45k€44k▼
Other tangible fixed assets26€37k€77k▲
Financial fixed assets28€15k€15k=
Current assets29/58€1.47M€920k▼
Stocks and contracts in progress3€1.23M€673k▼
Stocks30/36€1.23M€673k▼
Amounts receivable within one year40/41€150k€149k▼
Trade receivables40€142k€149k▲
Other amounts receivable41€7k€0▼
Cash at bank and in hand54/58€71k€93k▲
Deferred charges and accrued income490/1€21k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.12M▼
Equity10/15€55k€132k▲
Contributions10/11€87k€87k=
Reserves13€13k€45k▲
Distributable reserves133€13k€45k▲
Profit (loss) carried forward14€-45k€0▲
Amounts payable17/49€1.59M€990k▼
Amounts payable after more than one year17€47k€41k▼
Financial debts170/4€47k€41k▼
Amounts payable within one year42/48€1.54M€949k▼
Current portion of amounts payable after more than one year42€54k€27k▼
Financial debts43€350k€385k▲
Credit institutions430/8€350k€385k▲
Trade debts44€1.04M€435k▼
Suppliers440/4€1.04M€435k▼
Taxes, remuneration and social security45€64k€66k▲
Taxes450/3€13k€21k▲
Remuneration and social security454/9€50k€45k▼
Other amounts payable47/48€35k€36k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€16k▲
Remuneration, social security and pensions62€290k€327k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€57k▼
Other operating charges640/8€11k€12k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€473k€501k▲
Operating profit (loss)9901€115k€104k▼
Financial income75/76B€12k€34k▲
Recurring financial income75€12k€34k▲
Financial charges65/66B€54k€61k▲
Recurring financial charges65€54k€61k▲
Profit (loss) for the period before taxes9903€72k€77k▲
Income taxes67/77€194€176▼
Profit (loss) for the period9904€72k€77k▲
Profit (loss) for the period to be appropriated9905€72k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€32k▲
Profit (loss) brought forward from the previous period14P€-117k€-45k▲
Transfer to equity691/2€0€32k▲
To other reserves6921€0€32k▲
Social balance
Average headcount (FTE)90875.55.3▼
The notes to these accounts (31 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €100kEq €132k ▲141%
3 profitable years in a row build equity to €132k.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 73 days late
2022
31-12
Financial
Weakest financial yearnet €-233k ▼192%
Net result drops to €-233k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €253k ▲17.1%
Operating result €285k, net result €253k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €210k ▲45.9%
3 profitable years in a row build equity to €210k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Equity above €100kEq €144k ▲62.4%
2 profitable years in a row build equity to €144k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Oudenaarde · 1 establishment unit since 2009
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.
Westerring 27i9700 OudenaardeGround area
6,019 m²
Building footprint
4,522 m²
Volume, LiDAR
36,206 m³
Parcel 45502B0639/00G003, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WAX-IT
since 20092.183.790.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502B0639/00G003 | Flanders | 6,019 m² | 1 · 4,522 m² | 10.5 m · 3 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.
Similar companies · same sector, comparable size
ACS FLEET SERVICES
BE 0739.523.941
Brussel · Eq €131k
'T KAPELLEKE
BE 0451.392.171
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Laudele
BE 0553.923.151
Walcourt · Eq €130k
NICK GEVERS
BE 0553.593.945
Retie · Eq €130k
VDFA
BE 0666.887.668
Sambreville · Eq €134k
Of 3,209 companies in sector 95316 we hold annual accounts for 753. 511 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2009
Fiscal year end31-12
Activities, NACEBEL
95316Washing and cleaning of motor vehicles
47783Retail trade
47784Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.