WAZ
ActiveSummary
The computed 12-month bankruptcy probability of WAZ is 3.0% (moderate). The 2025 annual accounts show equity of €7k and a net result of €6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 13417 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+25
Solvency27▲+2
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
1.9%
Return on assets
1.7%
Age of the figures
12 mo
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 d early
2024
35 d early
2023
6 d early
2022
18 d early
2021
30 d early
2020
30 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▲ 685%
2024 · €913
2019: €6k
2020: €23k▲ +269% vs 2019
2021: €80k▲ +249% vs 2020highest in 7 years
2022: €40k▼ -50.2% vs 2021
2023: €9k▼ -76.9% vs 2022
2024: €913▼ -90.1% vs 2023lowest in 7 years
2025: €7k▲ +685% vs 2024
2019 → 2025
Total assets
€376k▼ 7.7%
2024 · €407k
2019: €172k
2020: €151k▼ -12.4% vs 2019lowest in 7 years
2021: €532k▲ +254% vs 2020highest in 7 years
2022: €471k▼ -11.5% vs 2021
2023: €431k▼ -8.6% vs 2022
2024: €407k▼ -5.6% vs 2023
2025: €376k▼ -7.7% vs 2024
2019 → 2025
Net result
€6k
2024 · €-8k
2019: €2k
2020: €17k▲ +862% vs 2019
2021: €48k▲ +189% vs 2020highest in 7 years
2022: €-31k▼ -165% vs 2021lowest in 7 years
2023: €-31k▲ +2.1% vs 2022
2024: €-8k▲ +73.0% vs 2023
2025: €6k▲ +175% vs 2024
2019 → 2025
Working capital
€-140k▼ 4.5%
2024 · €-134k
2019: €-19k
2020: €-9k▲ +53.6% vs 2019highest in 7 years
2021: €-40k▼ -357% vs 2020
2022: €-111k▼ -174% vs 2021
2023: €-141k▼ -27.1% vs 2022lowest in 7 years
2024: €-134k▲ +5.0% vs 2023
2025: €-140k▼ -4.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€80k-€40k▼ 50.2%€9k▼ 76.9%€913▼ 90.1%€7k▲ 685%
2021: €80khighest in 5 years
2022: €40k▼ -50.2% vs 2021
2023: €9k▼ -76.9% vs 2022
2024: €913▼ -90.1% vs 2023lowest in 5 years
2025: €7k▲ +685% vs 2024
Operating result€60k-€-23k€-24k▼ 3.0%€311€13k▲ 4,061%
2021: €60khighest in 5 years
2022: €-23k▼ -139% vs 2021
2023: €-24k▼ -3.0% vs 2022lowest in 5 years
2024: €311▲ +101% vs 2023
2025: €13k▲ +4061% vs 2024
Net result€48k-€-31k€-31k▲ 2.1%€-8k▲ 73.0%€6k
2021: €48khighest in 5 years
2022: €-31k▼ -165% vs 2021lowest in 5 years
2023: €-31k▲ +2.1% vs 2022
2024: €-8k▲ +73.0% vs 2023
2025: €6k▲ +175% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4,061% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376k
Fixed assets
€367k ▼ 6.8%
Current assets
€9k ▼ 33.1%
Equity and liabilities €376k
Equity
€7k ▲ 685%
Debt
€369k ▼ 9.2%
Debt's share of the balance-sheet total falls from 99.8% to 98.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €30k
Cash flow
€36k▲
2024 · €22k
Current ratio
0.06▼
2024 · 0.09
Quick ratio
0.03▼
2024 · 0.05
Debt to equity
51.43
ROE
87.3%
ROA
1.7%▲
2024 · -2.0%
Interest coverage
6.45▲
2024 · 3.57
Debt ≤ 1 year
€149k▲
2024 · €147k
Debt > 1 year
€220k▼
2024 · €259k
Income taxes
€47▼
2024 · €135
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€407k€376k▼
Fixed assets21/28€393k€367k▼
Intangible fixed assets21€25k€11k▼
Tangible fixed assets22/27€368k€356k▼
Land and buildings22€348k€342k▼
Plant, machinery and equipment23€8k€10k▲
Furniture and vehicles24€266€116▼
Leasing and similar rights25€11k€4k▼
Current assets29/58€14k€9k▼
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€2k€173▼
Trade receivables40€89-
Other amounts receivable41€1k€173▼
Cash at bank and in hand54/58€4k€4k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€407k€376k▼
Equity10/15€913€7k▲
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-8k€-2k▲
Amounts payable17/49€406k€369k▼
Amounts payable after more than one year17€259k€220k▼
Financial debts170/4€259k€220k▼
Amounts payable within one year42/48€147k€149k▲
Current portion of amounts payable after more than one year42€39k€39k▲
Trade debts44€16k€14k▼
Suppliers440/4€16k€14k▼
Taxes, remuneration and social security45€34k€36k▲
Taxes450/3€151€1k▲
Remuneration and social security454/9€33k€35k▲
Other amounts payable47/48€59k€59k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€30k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€32k€46k▲
Operating profit (loss)9901€311€13k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€-8k€6k▲
Income taxes67/77€135€47▼
Profit (loss) for the period9904€-8k€6k▲
Profit (loss) for the period to be appropriated9905€-8k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-2k▲
Profit (loss) brought forward from the previous period14P-€-8k
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €137 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €31k | €31k | €30k | €30k | ▼ 0.1% |
| Other operating charges640/8 | - | €2k | €4k | €1k | €3k | ▲ 127% |
| Non-recurring operating charges66A | - | €5k | - | - | - | - |
| Gross operating margin9900 | €97k | €14k | €11k | €32k | €46k | ▲ 45.6% |
| Operating profit (loss)9901 | €60k | €-23k | €-24k | €311 | €13k | ▲ 4,061% |
| Financial income75/76B | - | €1 | €669 | €0 | - | - |
| Recurring financial income75 | €2k | €1 | €0 | €0 | - | - |
| Non-recurring financial income76B | - | - | €669 | - | - | - |
| Financial charges65/66B | - | €8k | €7k | €8k | €7k | ▼ 21.7% |
| Recurring financial charges65 | €4k | €8k | €7k | €8k | €7k | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | €57k | €-31k | €-31k | €-8k | €6k | ▲ 177% |
| Income taxes67/77 | €9k | €215 | €129 | €135 | €47 | ▼ 65.1% |
| Profit (loss) for the period9904 | €48k | €-31k | €-31k | €-8k | €6k | ▲ 175% |
| Profit (loss) for the period to be appropriated9905 | €48k | €-31k | €-31k | €-8k | €6k | ▲ 175% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €532k | €471k | €431k | €407k | €376k | ▼ 7.7% |
| Fixed assets21/28 | €506k | €454k | €423k | €393k | €367k | ▼ 6.8% |
| Intangible fixed assets21 | €69k | €54k | €40k | €25k | €11k | ▼ 57.1% |
| Tangible fixed assets22/27 | €437k | €400k | €383k | €368k | €356k | ▼ 3.3% |
| Land and buildings22 | - | €362k | €355k | €348k | €342k | ▼ 1.9% |
| Plant, machinery and equipment23 | - | €12k | €10k | €8k | €10k | ▲ 19.2% |
| Furniture and vehicles24 | - | €1k | €584 | €266 | €116 | ▼ 56.3% |
| Leasing and similar rights25 | - | €25k | €18k | €11k | €4k | ▼ 62.3% |
| Current assets29/58 | €27k | €17k | €8k | €14k | €9k | ▼ 33.1% |
| Stocks and contracts in progress3 | €7k | €7k | €5k | €7k | €5k | ▼ 22.2% |
| Stocks30/36 | - | €7k | €5k | €7k | €5k | ▼ 22.2% |
| Amounts receivable within one year40/41 | €13k | €7k | €1k | €2k | €173 | ▼ 89.0% |
| Trade receivables40 | - | - | €578 | €89 | - | - |
| Other amounts receivable41 | - | €7k | €723 | €1k | €173 | ▼ 88.4% |
| Cash at bank and in hand54/58 | €5k | €3k | €1k | €4k | €4k | ▼ 11.7% |
| Deferred charges and accrued income490/1 | - | €673 | - | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €532k | €471k | €431k | €407k | €376k | ▼ 7.7% |
| Equity10/15 | €80k | €40k | €9k | €913 | €7k | ▲ 685% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €74k | €34k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €34k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | - | - | - | €-8k | €-2k | ▲ 75.2% |
| Amounts payable17/49 | €452k | €431k | €422k | €406k | €369k | ▼ 9.2% |
| Amounts payable after more than one year17 | €385k | €303k | €273k | €259k | €220k | ▼ 15.1% |
| Financial debts170/4 | - | €303k | €273k | €259k | €220k | ▼ 15.1% |
| Amounts payable within one year42/48 | €67k | €128k | €148k | €147k | €149k | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €82k | €50k | €39k | €39k | ▲ 0.6% |
| Trade debts44 | €3k | €13k | €20k | €16k | €14k | ▼ 10.5% |
| Suppliers440/4 | - | €13k | €20k | €16k | €14k | ▼ 10.5% |
| Taxes, remuneration and social security45 | - | €7k | €25k | €34k | €36k | ▲ 7.9% |
| Taxes450/3 | - | €1k | €129 | €151 | €1k | ▲ 746% |
| Remuneration and social security454/9 | - | €6k | €25k | €33k | €35k | ▲ 4.5% |
| Other amounts payable47/48 | - | €25k | €54k | €59k | €59k | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €-31k | €-31k | €-8k | €6k | ▲ 175% |
| + Depreciation and write-downs630 | €15k | €31k | €31k | €30k | €30k | ▼ 0.1% |
| Operating cash flow (approximation) | €64k | €-685 | €67 | €22k | €36k | ▲ 67.1% |
| Investment in fixed assets (approximation) | - | €21k | €0 | €0 | €-3k | - |
| Change in cash | - | €-2k | €-1k | €3k | €-485 | ▼ 117% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2019net €48k ▲189%
Operating result €60k, net result €48k, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Middelkerke · 1 establishment unit since 2019
Ground area
152 m²
Building footprint
116 m²
Volume, LiDAR
667 m³
Parcel 35008B0512/00D000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
W A Z
since 20192.282.554.312
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35008B0512/00D000 | Flanders | 152 m² | 1 · 116 m² | 10.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMiddelkerke2.282.554.312
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 6,106 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
Founded28-11-2018
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.