Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of 2 WAPPI ENGINEERING is 0.3% (very low). The 2025 annual accounts show equity of €49k and a net result of €-4k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 1162 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Signals
1 signal · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 80% of 1162 peers (2025). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 9 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 06-05-2026 | 86 d early | 2026-00103711 |
| 31-12-2024 | 31-07-2025 | 28-05-2025 | 64 d early | 2025-00108816 |
| 31-12-2023 | 31-07-2024 | 23-05-2024 | 69 d early | 2024-00093476 |
| 31-12-2022 | 31-07-2023 | 20-06-2023 | 41 d early | 2023-00138932 |
| 31-12-2021 | 31-07-2022 | 21-06-2022 | 40 d early | 2022-20075906 |
| 31-12-2020 | 31-07-2021 | 25-06-2021 | 36 d early | 2021-23900465 |
| 31-12-2019 | 31-07-2020 | 30-06-2020 | 31 d early | 2020-22300480 |
| 31-12-2018 | 31-07-2019 | 02-07-2019 | 29 d early | 2019-26200536 |
| 31-12-2017 | 31-07-2018 | 09-07-2018 | 22 d early | 2018-29900082 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2016, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.3%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Higher-failure-rate region
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-4k
Working capital€38k-36.5%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 06-05-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~16.1%/year over 8 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 71, Architecture & engineering · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 80.7% | 55.1% | |
| Net result | €-4k | €24k | |
| Equity | €49k | €51k | |
| Gross operating margin | €489 | €43k | |
| Total assets | €61k | €106k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P80
Improving position over 2020-2025
· n=410-3380
P9
Stable position over 2020-2025
· n=410-3380
P49
Improving position over 2020-2025
· n=410-3382
P7
Stable position over 2020-2025
· n=409-3377
Describes the position versus peers, not a forecast.
€-130
-
18-25
€-4k
-
18-25
€-577
-
18-25
€61k
-37.4%
18-25
€49k
-22.6%
18-25
€38k
-36.5%
18-25
2
+41.2%
18-25
€238
-97.8%
18-25
€10k
-48.2%
18-25
€12k
-65.2%
18-25
€12k
-65.2%
18-25
€2k
-82.4%
18-25
4.19
+52.5%
18-25
4.19
+52.5%
18-25
80.7%
+23.6%
18-25
0.24
-55.0%
18-25
-8.3%
-
18-25
-6.7%
-
18-25
-0.19
-
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-130 |
| Net profit | €-4k |
| Cash flow | €-577 |
| Staff costs | - |
| Income taxes | €238 |
| Dividends | €10k |
| Total assets | €61k |
| Equity | €49k |
| Debt | €12k |
| of which ≤ 1y | €12k |
| of which > 1y | - |
| Working capital | €38k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 4.19 |
| Quick ratio | 4.19 |
| Working capital ratio | 61.5% |
| Solvency | 80.7% |
| Debt / equity | 0.24 |
| Long-term debt ratio | - |
| Interest coverage | -0.19 |
| Gross margin | - |
| Net margin | - |
| ROA | -6.7% |
| ROE | -8.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €61k |
| Fixed assets | 21/28 | €12k |
| Intangible fixed assets | 21 | €328 |
| Tangible fixed assets | 22/27 | €11k |
| Financial fixed assets | 28 | €269 |
| Current assets | 29/58 | €49k |
| Amounts receivable within one year | 40/41 | €14k |
| Cash & bank | 54/58 | €33k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €61k |
| Equity | 10/15 | €49k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €7k |
| Accumulated profits (losses) | 14 | €24k |
| Amounts payable | 17/49 | €12k |
| Amounts payable within one year | 42/48 | €12k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €489 |
| Operating result | 9901 | €-4k |
| Financial income | 75 | €482 |
| Financial charges | 65 | €691 |
| Result before taxes | 9903 | €-4k |
| Income taxes | 67/77 | €238 |
| Net result for the period | 9904 | €-4k |
| Result to be appropriated | 9905 | €-4k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Current31-03-2025 → present
Former directors (1)
-
Former27-12-2023 → 31-03-2025
2 events
- 31-03-2025 Resigned· Director
- 27-12-2023 Mandate renewed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts(71121) |
| Legal form | Private limited company(610) |
| Incorporation | 26-08-2016 |
| Status | Active |
| Postal code | 7620 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Rue Lucien Delfosse(BLE) 187620 BrunehautEstablishment units
1 location2 WAPPI ENGINEERING
since 20162.255.863.969
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area248 m²
Buildings2
Building footprint140 m²
Volume (LiDAR)1,332 m³
Tallest building12.4 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57010A0197/00B003 | Wallonia | 138 m² | 1 · 73 m² | 9.9 m · 3 fl. |
| 57462B0001/00W003 | Wallonia | 109 m² | 1 · 67 m² | 12.4 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Address history · 2
07-05-2026
Seat change: new_address: 7620 Bléharies, Rue Lucien Delfosse 18, old_address: 7784 Comines-Warneton, Chaussée de Warneton(WAR) 170, effective_date: 2026-04-01
07-07-2021
v3.2
All acts · 5
updated 3 months ago
2026
07-05-2026 General meeting · Officer removal · Officer appointment · Seat change
- Publication: 2026-05-07 · 2 WAPPI ENGINEERING
- Filing: 2026-04-01 · 2 WAPPI ENGINEERING
- General meeting: 2026-03-13 · 2 WAPPI ENGINEERING
- Officer removal: role: administrateur non statutaire, effective_date: 2026-04-01 · Olivier Bardyn
- Officer appointment: role: administrateur non statutaire, term: durée indéterminée, compensation: non rémunéré, effective_date: 2026-04-01 · Nicolas Bardyn
- Seat change: new_address: 7620 Bléharies, Rue Lucien Delfosse 18, old_address: 7784 Comines-Warneton, Chaussée de Warneton(WAR) 170, effective_date: 2026-04-01 · 2 WAPPI ENGINEERING
- Power of attorney: scope: actes nécessaires à l'exécution, au traitement et à la publication des décisions de cette assemblée, duration: durée indéterminée et jusqu'à révocation expresse · 2 WAPPI ENGINEERING
- Filing · 2 WAPPI ENGINEERING
- Act object: Siège (transfert du siège) - Nominations - Révocations
Summary:
General meeting · Officer removal · Officer appointment · Seat change
2025
09-04-2025 1 director appointed, 1 resigning
2023
27-12-2023 Nicolas BARDYN reappointed as director
2021
07-07-2021 Registered office moved from Brunehaut to Tournai
- Rue Lucien Delfosse 18, 7620 Brunehaut → Chaussée de Bruxelles 22, 7500 Tournai
Summary:
v3.2
2016
30-08-2016 Incorporation of a new SRL
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes61
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
52
Stability
100
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Credit advice
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We hold annual accounts for 1,803 of the 11,501 companies in this sector. 1,543 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Installatie van industriële machines, toestellen en werktuigen33200Installatie van industriële machines, toestellen en werktuigen33200
Primary activity highlighted.
Names & trade names
| Legal nameFR | 2 WAPPI ENGINEERING |
Registered office
Rue Lucien Delfosse(BLE) 18
7620 Brunehaut, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.