WAL-CO
ActiveFor WAL-CO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €34k and a net result of €-6k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 15227 sector peers (fiscal year 2023). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability67▼-12
Solvency33▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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 2023Solvency, return and age of the figures
Solvency
7.9%
Return on assets
-1.4%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-12-2024, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
145 d late
2022
126 d late
2021
79 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€34k▼ 15.3%
2022 · €41k
2021: €30k
2022: €41k
2021 → 2023
Total assets
€433k▲ 212%
2022 · €139k
2021: €121k
2022: €139k
2021 → 2023
Net result
€-6k
2022 · €11k
2021: €-9k
2022: €11k
2021 → 2023
Working capital
€164k
2022 · €-18k
2021: €-35k
2022: €-18k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€30k-€41k▲ 36.9%€34k▼ 15.3%
Operating result€-5k-€13k€-3k
Net result€-9k-€11k€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €3k after €13k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €430k
Fixed assets
€143k▲ 77.6%
Current assets
€287k▲ 392%
Equity and liabilities €433k
Equity
€34k▼ 15.3%
Debt
€399k▲ 307%
The debt ratio rises from 70.7% to 92.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14k▼
2022 · €49k
Cash flow
€11k▼
2022 · €48k
Solvency
7.9%▼
2022 · 29.3%
Current ratio
2.33▲
2022 · 0.76
Quick ratio
1.97▲
2022 · 0.70
Debt / equity
11.61▲
2022 · 2.42
ROE
-18.1%▼
2022 · 27.0%
ROA
-1.4%▼
2022 · 7.9%
Interest coverage
6.65▼
2022 · 24.99
Debt
€399k▲
2022 · €98k
Debt ≤ 1 year
€123k▲
2022 · €77k
Debt > 1 year
€276k▲
2022 · €21k
Income taxes
€1k
Staff costs
€42k▲
2022 · €28k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€139k€433k▲
Formation expenses20-€4k
Fixed assets21/28€80k€143k▲
Intangible fixed assets21€409€159▼
Tangible fixed assets22/27€80k€143k▲
Plant, machinery and equipment23€40k€52k▲
Furniture and vehicles24€26k€77k▲
Other tangible fixed assets26€14k€13k▼
Financial fixed assets28€120€120=
Current assets29/58€58k€287k▲
Stocks and contracts in progress3€5k€45k▲
Stocks30/36€5k€45k▲
Amounts receivable within one year40/41€49k€56k▲
Trade receivables40€49k€56k▲
Other amounts receivable41€364€364=
Cash at bank and in hand54/58€3k€184k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€139k€433k▲
Equity10/15€41k€34k▼
Contributions10/11€250€250=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€8k€2k▼
Amounts payable17/49€98k€399k▲
Amounts payable after more than one year17€21k€276k▲
Financial debts170/4€21k€276k▲
Amounts payable within one year42/48€77k€123k▲
Trade debts44€27k€18k▼
Suppliers440/4€27k€18k▼
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€2k€15k▲
Taxes450/3€252€12k▲
Remuneration and social security454/9€1k€3k▲
Other amounts payable47/48€47k€89k▲
Income statement
Code20222023
Non-recurring operating income76A-€26k
Remuneration, social security and pensions62€28k€42k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€17k▼
Other operating charges640/8€8k€2k▼
Gross operating margin9900€85k€59k▼
Operating profit (loss)9901€13k€-3k▼
Financial income75/76B€143-
Recurring financial income75€143-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€11k€-5k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€11k€-6k▼
Profit (loss) for the period to be appropriated9905€11k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€2k▼
Profit (loss) brought forward from the previous period14P€-3k€8k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 2.33
Current ratio from 0.76 to 2.33.
04-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 126 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2017
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-11-2017
Resigned as Managing director
Location & real-estate footprint
Registered office, Lennik · 1 establishment unit since 2023
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.
Steenstraat 221750 LennikGround area
2.3 ha
Building footprint
2,261 m²
Volume, LiDAR
11,343 m³
Parcel 23075C0215/00K000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wal-co Lennik
since 20232.346.739.014
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23075C0215/00K000 | Flanders | 2.3 ha | 1 · 2,261 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
1 live approval · 2 endedPaardenhouder duaal (so)
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Of 174 companies in sector 46232 we hold annual accounts for 89. 54 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2010
Fiscal year end31-12
Activities, NACEBEL
46232Wholesale trade
47639Retail sale of other sporting goods
47640Retail trade
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
93110Operation of sports facilities
93127Equestrian clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.