WRAP EUROPE
ActiveSummary
WRAP EUROPE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-83k) and a net result of €-81k. Equity is shrinking by ~98.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0▼-21
Growth33▲+11
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.96 in 2023; short-term debt: 389.7% and cash: 74.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-547.3%
Return on assets
-532.7%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-83k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
20 d late
2022
434 d late
2021
782 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€160k▲ 43.0%
2023 · €112k
2021: €159k
2022: €140k
2023: €112k
2021 → 2024
EBIT margin
-48.0%▲ 72.1pp
2023 · -120.1%
2021: -48.0%
2022: -68.1%
2023: -120.1%
2021 → 2024
Net result
€-81k▲ 40.5%
2023 · €-136k
2021: €-77k
2022: €-96k
2023: €-136k
2021 → 2024
Working capital
€-44k▼ 1,885%
2023 · €-2k
2021: €229k
2022: €133k
2023: €-2k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€159k-€140k▼ 12.0%€112k▼ 20.0%€160k▲ 43.0%
Equity€229k-€133k▼ 41.9%€-2k€-83k▼ 3,649%
Operating result€-76k-€-95k▼ 24.7%€-135k▼ 41.1%€-77k▲ 42.8%
Net result€-77k-€-96k▼ 24.3%€-136k▼ 41.0%€-81k▲ 40.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €77k in 2024 against €135k in 2023; the loss shrinks.
Key figures and ratios
Solvency
-547.3%▼
2023 · -4.2%
Current ratio
0.26▼
2023 · 0.96
Debt to equity
-1.18▲
2023 · -24.73
ROA
-532.7%▼
2023 · -258.4%
Debt
€98k▲
2023 · €55k
Debt ≤ 1 year
€59k▲
2023 · €55k
Staff costs
€260k▼
2023 · €276k
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 · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€52k€15k▼
Current assets29/58€52k€15k▼
Amounts receivable within one year40/41-€4k
Trade receivables40€0€4k▲
Cash at bank and in hand54/58€52k€11k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€52k€15k▼
Equity10/15€-2k€-83k▼
Profit (loss) carried forward14€-2k€-83k▼
Amounts payable17/49€55k€98k▲
Amounts payable within one year42/48€55k€59k▲
Trade debts44€11k€15k▲
Suppliers440/4€11k€15k▲
Taxes, remuneration and social security45€44k€45k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9€42k€43k▲
Accrued charges and deferred income492/3-€39k
Income statement
Code20232024
Turnover70€112k€160k▲
Goods, raw materials, services and sundry goods60/61€33k€148k▲
Remuneration, social security and pensions62€276k€260k▼
Other operating charges640/8€481€2k▲
Gross operating margin9900€142k€184k▲
Operating profit (loss)9901€-135k€-77k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€919€4k▲
Recurring financial charges65€919€4k▲
Profit (loss) for the period before taxes9903€-136k€-81k▲
Profit (loss) for the period9904€-136k€-81k▲
Profit (loss) for the period to be appropriated9905€-136k€-81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-83k▼
Profit (loss) brought forward from the previous period14P€133k€-2k▼
From contributions791€0-
To contributions691€0-
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 434 days late
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 782 days late
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Brussel · 1 establishment unit since 2015
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.
Ravensteinstraat 361000 BrusselGround area
1,041 m²
Parcel 21804D0881/00L000, Brussels. Linked by address, not a title deed.
1 establishment unit
INTERNATIONAL FOOD WASTE COALITION
since 20152.355.361.324
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0881/00L000 | Brussels | 1,041 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.
Public money · subsidies and aid
European Union, budget
2024 · 1 entry · 72,974 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 72,974 EUR |
Projects
COMBINE - COMBINING INTERVENTIONS TO REDUCE CONSUMER FOOD WASTE
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BONN IMMO
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 7,160 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formInt'l non-profit association
Founded28-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
38210Materials recovery from waste
71209Other technical testing and analysis
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.