WALCA
ActiveWALCA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.07M and a net result of €890k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 9107 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-33
Solvency100=
Growth63=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 6.44 against 3.28 in 2024), and 13.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
86.7%
Return on assets
10.9%
Age of the figures
15 mo
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
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €7.1M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.28M▲ 12.1%
2023 · €1.14M
2023: €1.14M
2023 → 2024
EBIT margin
32.6%▲ 8.0pp
2023 · 24.6%
2023: 24.6%
2023 → 2024
Net result
€890k▼ 19.7%
2024 · €1.11M
2019: €63k
2020: €379k
2021: €666k
2022: €366k
2023: €776k
2024: €1.11M
2019 → 2025
Working capital
€2.06M▲ 18.0%
2024 · €1.74M
2019: €2.33M
2020: €4.05M
2021: €2.68M
2022: €3.08M
2023: €690k
2024: €1.74M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.14M€1.28M▲ 12.1%
Equity€7.13M-€7.49M▲ 5.1%€5.12M▼ 31.7%€6.23M▲ 21.6%€7.07M▲ 13.5%
Operating result€411k-€269k▼ 34.5%€280k▲ 4.1%€416k▲ 48.5%€146k▼ 65.0%
Net result€666k-€366k▼ 45.0%€776k▲ 112%€1.11M▲ 42.8%€890k▼ 19.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.15M
Fixed assets
€5.72M▼ 0.8%
Current assets
€2.43M▼ 2.9%
Equity and liabilities €8.15M
Equity
€7.07M▲ 13.5%
Debt
€1.09M▼ 46.8%
The debt ratio falls from 24.7% to 13.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€191k▼
2024 · €455k
Cash flow
€935k▼
2024 · €1.15M
Solvency
86.7%▲
2024 · 75.3%
Current ratio
6.44▲
2024 · 3.28
Quick ratio
6.44▲
2024 · 3.28
Debt / equity
0.15▼
2024 · 0.33
ROE
12.6%▼
2024 · 17.8%
ROA
10.9%▼
2024 · 13.4%
Interest coverage
3.16▼
2024 · 5.92
Debt
€1.09M▼
2024 · €2.04M
Debt ≤ 1 year
€378k▼
2024 · €763k
Debt > 1 year
€709k▼
2024 · €1.28M
Income taxes
€121k▲
2024 · €100k
Staff costs
€290k▲
2024 · €284k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.27M€8.15M▼
Fixed assets21/28€5.77M€5.72M▼
Tangible fixed assets22/27€1.12M€1.07M▼
Land and buildings22€970k€970k=
Furniture and vehicles24€149k€104k▼
Financial fixed assets28€4.65M€4.65M=
Affiliated companies280/1€4.65M-
Participating interests280€4.65M-
Current assets29/58€2.51M€2.43M▼
Amounts receivable after more than one year29€870k€870k=
Other amounts receivable291€870k€870k=
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€323k€361k▲
Trade receivables40€256k€256k=
Other amounts receivable41€67k€106k▲
Current investments50/53€1.10M€977k▼
Other investments51/53€1.10M-
Cash at bank and in hand54/58€215k€226k▲
Equity and liabilities
Total equity and liabilities10/49€8.27M€8.15M▼
Equity10/15€6.23M€7.07M▲
Contributions10/11€1.35M€1.35M=
Reserves13€4.88M€5.72M▲
Tax-exempt reserves132€7k€7k=
Distributable reserves133€4.87M€5.71M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€2.04M€1.09M▼
Amounts payable after more than one year17€1.28M€709k▼
Other amounts payable178/9€1.28M€709k▼
Amounts payable within one year42/48€763k€378k▼
Trade debts44€12k€8k▼
Suppliers440/4€12k€8k▼
Taxes, remuneration and social security45€134k€320k▲
Taxes450/3€76k€216k▲
Remuneration and social security454/9€58k€104k▲
Other amounts payable47/48€617k€50k▼
Income statement
Code20242025
Operating income70/76A€1.30M-
Turnover70€1.28M-
Other operating income74€21k-
Non-recurring operating income76A€0-
Operating charges60/66A€882k-
Services and other goods61€558k-
Remuneration, social security and pensions62€284k€290k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€45k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900-€482k
Operating profit (loss)9901€416k€146k▼
Financial income75/76B€869k€925k▲
Recurring financial income75€869k€925k▲
Income from financial fixed assets750€810k-
Income from current assets751€16k-
Other financial income752/9€44k-
Financial charges65/66B€77k€60k▼
Recurring financial charges65€77k€60k▼
Debt charges650€77k-
Other financial charges652/9€353-
Profit (loss) for the period before taxes9903€1.21M€1.01M▼
Income taxes67/77€100k€121k▲
Taxes670/3€101k-
Tax adjustments and reversals of tax provisions77€917-
Profit (loss) for the period9904€1.11M€890k▼
Profit (loss) for the period to be appropriated9905€1.11M€890k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.11M€890k▼
Transfer from equity791/2€0€50k▲
From reserves792€0-
Transfer to equity691/2€1.11M€890k▼
To other reserves6921€1.11M€890k▼
Profit to be distributed694/7€0€50k▲
Return on contributions (dividend)694€0€50k▲
Social balance
Average headcount (FTE)90872.82.8=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Highest result since 2019net €1.11M ▲42.8%
Net result €1.11M, the highest in the series.
30-06
Financial
Liquidity doublescurrent ratio 3.28
Current ratio from 1.32 to 3.28; short-term debt falls from €2.15M to €763k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Liquidity quadruplescurrent ratio 14.91
Current ratio from 3.70 to 14.91; short-term debt falls from €992k to €222k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Liquidity times 6current ratio 15.94
Current ratio from 2.59 to 15.94; short-term debt falls from €1.47M to €271k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, De Panne · 1 establishment unit since 2003
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.
Nieuwpoortlaan 1518660 De PanneGround area
2.2 ha
Building footprint
1,096 m²
Volume, LiDAR
1,939 m³
Parcel 38008A1075/00D000, Flanders · tallest building 42.9 m. Linked by address, not a title deed.
1 establishment unit
WALCA
since 20032.134.457.284
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38008A1075/00D000 | Flanders | 2.2 ha | 1 · 1,096 m² | 42.9 m |
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.
Structure & network
Group per the LEI register
1 subsidiarySubsidiary:WALCARIUS
Recognitions · licences · registrations
Legal Entity Identifier
254900D9M2JRG5P9Z839
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,380. 1,491 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2003
Fiscal year end30-06
Activities, NACEBEL
68110Buying and selling of own real estate
70120
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
74142
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.