Equity
€7,167 from €80,327 in 2021
Equity fell by 91% in 4 years.
WAZ
Lifetime
7 annual accounts with figures on one time axispeak €97,424 (2021)
€46,310▲ 45.6%
lowest -€31,436 (2022)
€6,254▲ €14,576
peak €80,327 (2021)
€7,167▲ 685%
€368,579▼ 9.2%
peak 0.3 FTE (2019)
-not published
Board2 names since 2018
2 directorsCALCOEN Gina Ingrid and 1 other
Documentsfilings and deeds
26-03-202635 days before the deadline
2025micro format
Gross margin from €31,799 to €46,310Back to profit: €6,254Equity from €913 to €7,167
Key points
from the 2025 annual accountsChecked score
54
Fair
Financially stronger than 51% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.3%
01-2025: 5.5%▲ +0.2 percentage points vs 12-2024highest value
02-2025: 4.8%▼ -0.7 percentage points vs 01-2025
03-2025: 4.6%▼ -0.2 percentage points vs 02-2025
04-2025: 3.2%▼ -1.4 percentage points vs 03-2025
05-2025: 3.2%● unchanged vs 04-2025
06-2025: 3.2%● unchanged vs 05-2025
07-2025: 3.2%● unchanged vs 06-2025
08-2025: 3.2%● unchanged vs 07-2025
09-2025: 3.2%● unchanged vs 08-2025
10-2025: 3.2%● unchanged vs 09-2025
11-2025: 3.3%▲ +0.1 percentage points vs 10-2025
12-2025: 3.3%● unchanged vs 11-2025
01-2026: 3.6%▲ +0.3 percentage points vs 12-2025
02-2026: 2.4%▼ -1.2 percentage points vs 01-2026
03-2026: 2.3%▼ -0.1 percentage points vs 02-2026
04-2026: 2.3%● unchanged vs 03-2026
05-2026: 2.3%● unchanged vs 04-2026
06-2026: 2.3%● unchanged vs 05-2026
07-2026: 2.1%▼ -0.2 percentage points vs 06-2026
08-2026: 2.1%● unchanged vs 07-2026
09-2026: 2.0%▼ -0.1 percentage points vs 08-2026
10-2026: 2.0%● unchanged vs 09-2026lowest value
11-2026: 2.0%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2018
Liquidity: current ratio 0.06, cash €3,676
lowers risk
Size: total assets €375,745
Calculation
The band follows from the bankruptcy probability. 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 56, micro). It does better than 27% of them on solvency, 27% on liquidity, 51% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,251 companies had the same profile as WAZ has now. Each dot stands for 4 companies, two years later.
94.4%
were still trading
2.7%
stopped another way
2.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WAZ itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,251 companies, not a prediction for WAZ. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
35 days early
2024
35 days early
2023
6 days early
2022
18 days early
2021
30 days early
2020
30 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0713997105
Registered office moved from Nieuwpoort to Leffinge
New registered office: Dorpstraat 88, 8432 Leffinge · Previous registered office: Pemenhoek 25, 8620 Nieuwpoort · Resignations: CALCOEN Gina Ingrid (director) and VERMOTE Bart Rudy (director) · General meeting of 27-12-2023 · Gazette deed
Director in office: Calcoen Gina (manager)
Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Nieuwpoort
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WAZ Middelkerke | €375,745 | €46,310 | 1.9% | - |
| SHIFTERS Roeselare | €333,179 | €52,547 | 11.7% | - |
| LA FRITERIE CAMPAGNARDE Charleroi | €374,116 | €44,559 | 45.3% | - |
| Maxona Nijlen | €375,072 | €49,556 | 56.3% | - |
| LES ETANGS D'EVELETTE Ohey | €321,700 | €50,147 | -28.2% | - |
| Den Afhaal Wuustwezel | €456,168 | €48,432 | 81.7% | - |
| Frituur De Vier Seizoenen Bruges | €413,500 | €44,416 | 40.4% | - |
These companies have the same main activity as WAZ: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €322,000 and €456,000, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 28-11-2018Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.282.554.3128432 Middelkerke, since 02-01-2019
- Financial year end
- 30 September
- Peppol
- Reachable since 21-11-2025
Annual accounts to 30-09-2025
- ≈ €250,000estimated
- €375,745▼ 7.7%
- Filing
- Filed on 26-03-2026, 35 days before the end of the filing period
Insights on WAZ
WAZ files the micro format. That format states no turnover. The gross margin rose from €33,573 in 2019 to €46,310 in 2025.
The balance sheet grew most in 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WAZ
- What is the company number of WAZ?
- The company number of WAZ is 0713.997.105. The VAT number is the same number with BE in front: BE 0713.997.105.
- Where is WAZ based?
- The registered office is at Dorpsstraat 88, 8432 Middelkerke.Company details
- What does WAZ do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of WAZ?
- WAZ is a private limited company (BV).
- When was WAZ founded?
- WAZ was founded on 28-11-2018.
- Is WAZ still active?
- Yes, WAZ is an active enterprise in the KBO register.
- How many employees does WAZ have?
- WAZ had an average of 0.3 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of WAZ?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €46,310 and 67 comparable companies (NACE 56112). It probably lies between €190,000 and €340,000.
- Is WAZ profitable?
- In financial year 2025, WAZ made a profit of €6,254.
- Where can I find the annual accounts of WAZ?
- WAZ filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WAZ due?
- WAZ must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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