EL WAFA
ActiveEL WAFA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €344. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 26055 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
94
/ 100
Excellent▲ +42 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability7▲+7
Solvency99▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.19 in 2023), and 38.9% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
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
61.1%
Return on assets
0.8%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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
not confirmed
2024
49 d late
2023
110 d late
2022
4 d early
2021
4 d early
2020
3 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€26k▲ 1.3%
2023 · €26k
2018: €18k
2019: €22k
2020: €30k
2021: €36k
2022: €38k
2023: €26k
2018 → 2024
Total assets
€43k▼ 1.0%
2023 · €43k
2018: €19k
2019: €24k
2020: €31k
2021: €60k
2022: €67k
2023: €43k
2018 → 2024
Net result
€344
2023 · €-12k
2018: €4k
2019: €4k
2020: €7k
2021: €6k
2022: €2k
2023: €-12k
2018 → 2024
Working capital
€26k▲ 26.0%
2023 · €21k
2018: €18k
2019: €22k
2020: €30k
2021: €15k
2022: €25k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€36k▲ 20.2%€38k▲ 5.8%€26k▼ 31.6%€26k▲ 1.3%
Operating result€9k-€8k▼ 12.5%€9k▲ 11.3%€-10k€388
Net result€7k-€6k▼ 19.5%€2k▼ 65.5%€-12k€344
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €388 after a loss of €10k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €43k
Equity
€26k▲ 1.3%
Debt
€17k▼ 4.5%
The debt ratio falls from 40.4% to 38.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€5k▲
2023 · €-2k
Cash flow
€5k▲
2023 · €-4k
Solvency
61.1%▲
2023 · 59.6%
Current ratio
2.57▲
2023 · 2.19
Quick ratio
2.38▲
2023 · 1.63
Debt / equity
0.64▼
2023 · 0.68
ROE
1.3%▲
2023 · -46.1%
ROA
0.8%▲
2023 · -27.5%
Interest coverage
122.66▲
2023 · -4.95
Debt
€17k▼
2023 · €17k
Debt ≤ 1 year
€17k▼
2023 · €17k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€43k€43k▼
Fixed assets21/28€5k-
Tangible fixed assets22/27€5k-
Furniture and vehicles24€5k-
Current assets29/58€38k€43k▲
Stocks and contracts in progress3€10k€3k▼
Stocks30/36€10k€3k▼
Amounts receivable within one year40/41€19k€29k▲
Trade receivables40€2k€15k▲
Other amounts receivable41€17k€15k▼
Cash at bank and in hand54/58€9k€10k▲
Deferred charges and accrued income490/1€945€630▼
Equity and liabilities
Total equity and liabilities10/49€43k€43k▼
Equity10/15€26k€26k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€5k€6k▲
Amounts payable17/49€17k€17k▼
Amounts payable within one year42/48€17k€17k▼
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€4k€4k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€5k▼
Other operating charges640/8€383€1k▲
Gross operating margin9900€-2k€7k▲
Operating profit (loss)9901€-10k€388▲
Financial charges65/66B€407€44▼
Recurring financial charges65€407€44▼
Profit (loss) for the period before taxes9903€-10k€344▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-12k€344▲
Profit (loss) for the period to be appropriated9905€-12k€344▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€6k▲
Profit (loss) brought forward from the previous period14P€17k€5k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
31-12
Financial
Back to profitnet €344
Net result €344 after one loss-making year.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
31-12
Financial
Weakest financial yearnet €-12k ▼676%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €7k ▲83.5%
Operating result €9k, net result €7k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 35.64
Current ratio from 16.72 to 35.64; short-term debt falls from €1k to €857.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Vorst · 1 establishment unit since 2003
Ground area
53 m²
Building footprint
52 m²
Volume, LiDAR
688 m³
Parcel 21007A0029/00M009, Brussels · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
EL WAFA SPRL
since 20032.132.913.895
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0029/00M009 | Brussels | 53 m² | 1 · 52 m² | 16.6 m · 5 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.
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Of 10,407 companies in sector 47110 we hold annual accounts for 5,786. 4,294 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2003
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
61100Wired, wireless and satellite telecommunications
61200Telecommunications
64200Holdings
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.