WALCARIUS
ActiveWALCARIUS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.22M and a net result of €492k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 64% of 820 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-6
Solvency71▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 2.39 in 2024; short-term debt: 31.3% and cash: 17.3% of total assets), but 54.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
45.7%
Return on assets
5.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
15 d early
2022
4 d early
2021
13 d early
2020
11 d early
2019
25 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.97M▼ 13.7%
2022 · €11.55M
2022: €11.55M
2022 → 2023
EBIT margin
14.2%▲ 9.3pp
2022 · 4.9%
2022: 4.9%
2022 → 2023
Net result
€492k▼ 43.7%
2024 · €873k
2018: €-10k
2019: €80k
2020: €54k
2021: €285k
2022: €567k
2023: €1.04M
2024: €873k
2018 → 2025
Working capital
€3.25M▲ 5.5%
2024 · €3.08M
2018: €2.37M
2019: €2.35M
2020: €2.66M
2021: €2.08M
2022: €2.47M
2023: €2.80M
2024: €3.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.55M€9.97M▼ 13.7%
Equity€3.12M-€3.51M▲ 12.6%€3.83M▲ 9.0%€4.09M▲ 6.8%€4.22M▲ 3.3%
Operating result€447k-€565k▲ 26.4%€1.42M▲ 151%€1.15M▼ 18.5%€663k▼ 42.6%
Net result€285k-€567k▲ 99.0%€1.04M▲ 83.2%€873k▼ 16.0%€492k▼ 43.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.24M
Fixed assets
€3.10M▼ 9.5%
Current assets
€6.14M▲ 16.1%
Equity and liabilities €9.24M
Equity
€4.22M▲ 3.3%
Provisions
€6k▼ 24.9%
Debt
€5.01M▲ 8.6%
The debt ratio rises from 53.0% to 54.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.12M▼
2024 · €1.63M
Cash flow
€944k▼
2024 · €1.35M
Solvency
45.7%▼
2024 · 46.9%
Current ratio
2.12▼
2024 · 2.39
Quick ratio
1.91▼
2024 · 2.13
Debt / equity
1.19▲
2024 · 1.13
ROE
11.6%▼
2024 · 21.4%
ROA
5.3%▼
2024 · 10.0%
Interest coverage
16.64▼
2024 · 22.43
Debt
€5.01M▲
2024 · €4.62M
Debt ≤ 1 year
€2.90M▲
2024 · €2.21M
Debt > 1 year
€2.12M▼
2024 · €2.40M
Income taxes
€165k▼
2024 · €292k
Staff costs
€948k▲
2024 · €929k
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€8.71M€9.24M▲
Fixed assets21/28€3.42M€3.10M▼
Tangible fixed assets22/27€3.42M€3.10M▼
Land and buildings22€3.25M€2.94M▼
Plant, machinery and equipment23€122k€120k▼
Furniture and vehicles24€48k€40k▼
Financial fixed assets28€897€762▼
Current assets29/58€5.29M€6.14M▲
Stocks and contracts in progress3€579k€599k▲
Contracts in progress37€579k€599k▲
Amounts receivable within one year40/41€2.80M€3.64M▲
Trade receivables40€2.73M€3.23M▲
Other amounts receivable41€73k€412k▲
Current investments50/53€550k€300k▼
Cash at bank and in hand54/58€1.36M€1.60M▲
Equity and liabilities
Total equity and liabilities10/49€8.71M€9.24M▲
Equity10/15€4.09M€4.22M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.80M€3.96M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€26k€19k▼
Distributable reserves133€3.77M€3.93M▲
Profit (loss) carried forward14€0€0=
Investment grants15€229k€202k▼
Provisions and deferred taxes16€9k€6k▼
Deferred taxes168€9k€6k▼
Amounts payable17/49€4.62M€5.01M▲
Amounts payable after more than one year17€2.40M€2.12M▼
Financial debts170/4€1.55M€1.27M▼
Other amounts payable178/9€850k€850k=
Amounts payable within one year42/48€2.21M€2.90M▲
Current portion of amounts payable after more than one year42€311k€311k=
Trade debts44€1.19M€2.10M▲
Suppliers440/4€1.19M€2.10M▲
Advances received on contracts in progress46-€15k
Taxes, remuneration and social security45€127k€97k▼
Taxes450/3€41k€15k▼
Remuneration and social security454/9€85k€82k▼
Other amounts payable47/48€585k€374k▼
Income statement
Code20242025
Remuneration, social security and pensions62€929k€948k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€472k€452k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€-13k▼
Other operating charges640/8€80k€113k▲
Gross operating margin9900€2.65M€2.16M▼
Operating profit (loss)9901€1.15M€663k▼
Financial income75/76B€80k€58k▼
Recurring financial income75€80k€58k▼
Financial charges65/66B€73k€67k▼
Recurring financial charges65€73k€67k▼
Profit (loss) for the period before taxes9903€1.16M€654k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€292k€165k▼
Profit (loss) for the period9904€873k€492k▼
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€879k€498k▼
Appropriation of the result
Profit (loss) to be appropriated9906€879k€498k▼
Transfer to equity691/2€294k€167k▼
To other reserves6921€294k€167k▼
Profit to be distributed694/7€585k€331k▼
Return on contributions (dividend)694€585k€331k▼
Social balance
Average headcount (FTE)908717.918.3▲
The notes to these accounts (18 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
28-07
State Gazette act
Board meeting · Director appointment
Director resignation
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.04M ▲83.2%
Operating result €1.42M, net result €1.04M, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Mouscron · 1 establishment unit since 1984
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.
Warandenstraat 87700 MouscronGround area
2.8 ha
Building footprint
3,067 m²
Parcel 54007B0159/00E002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Warandenstraat 8, 7700 Mouscron
since 19842.025.882.612
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0159/00E002 | Wallonia | 2.8 ha | 1 · 3,067 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.
Structure & network
Group per the LEI register
1 parent companyParent company:WALCA
Recognitions · licences · registrations
Recognised contractor
3 categoriesWALCARIUS SA27299
Legal Entity Identifier
2549007NNEDQB4AWRN60
Similar companies · same sector, comparable size
VAN dER PLAETSEN CONSTRUCT
BE 0862.157.774
Assenede · Eq €4.27M
DILIEN METAALWERKEN
BE 0416.644.395
Houthalen-Helchteren · Eq €4.28M
WILLEMS STAALCONSTRUCTIES
BE 0886.535.161
Balen · Eq €4.16M
ATELIER DE CONSTRUCTION DETHIER
BE 0425.096.758
Soumagne · Eq €4.30M
Laborex
BE 0404.266.603
Olen · Eq €4.14M
Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-10-1984
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
41001General construction of residential buildings
45211
43990Other specialised construction activities
43999Specialised construction activities
45250
71320
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 41 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.