WALECO
ActiveWALECO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €-5k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-12
Solvency54▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.4 in 2024; short-term debt: 60.4% and cash: 5% of total assets), and 70.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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 2025Solvency, return and age of the figures
Solvency
29.2%
Return on assets
-1.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
22 d late
2023
30 d late
2022
35 d early
2021
31 d late
2020
31 d late
2019
36 d early
← 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, micro schema
Turnover
€195k
EBIT margin
-6.3%
Net result
€-5k
2024 · €8k
2018: €-15k
2019: €10k
2020: €39k
2021: €10k
2022: €15k
2023: €9k
2024: €8k
2018 → 2025
Working capital
€51k▼ 13.6%
2024 · €59k
2018: €-9k
2019: €-565
2020: €37k
2021: €25k
2022: €33k
2023: €48k
2024: €59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€66k▲ 28.5%€75k▲ 14.3%€83k▲ 11.0%€78k▼ 6.1%
Operating result€12k-€20k▲ 70.2%€19k▼ 4.7%€16k▼ 16.4%€1k▼ 91.7%
Net result€10k-€15k▲ 42.4%€9k▼ 35.5%€8k▼ 12.1%€-5k
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €267k
Fixed assets
€55k▼ 6.4%
Current assets
€212k▲ 3.6%
Equity and liabilities €267k
Equity
€78k▼ 6.1%
Debt
€189k▲ 4.8%
The debt ratio rises from 68.4% to 70.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€34k▼
2024 · €51k
Cash flow
€28k▼
2024 · €43k
Solvency
29.2%▼
2024 · 31.6%
Current ratio
1.31▼
2024 · 1.40
Quick ratio
1.05▼
2024 · 1.18
Debt / equity
2.42▲
2024 · 2.17
ROE
-6.5%▼
2024 · 9.9%
ROA
-1.9%▼
2024 · 3.1%
Interest coverage
5.30▼
2024 · 7.56
Debt
€189k▲
2024 · €180k
Debt ≤ 1 year
€161k▲
2024 · €146k
Debt > 1 year
€25k▼
2024 · €32k
Income taxes
€0▼
2024 · €865
Staff costs
€85k▼
2024 · €177k
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€263k€267k▲
Formation expenses20€0-
Fixed assets21/28€59k€55k▼
Tangible fixed assets22/27€59k€55k▼
Plant, machinery and equipment23€7k€10k▲
Furniture and vehicles24€51k€45k▼
Leasing and similar rights25€923€0▼
Financial fixed assets28€200€200=
Current assets29/58€204k€212k▲
Stocks and contracts in progress3€32k€42k▲
Stocks30/36€32k€42k▲
Amounts receivable within one year40/41€138k€151k▲
Trade receivables40€136k€108k▼
Other amounts receivable41€2k€43k▲
Cash at bank and in hand54/58€23k€13k▼
Deferred charges and accrued income490/1€11k€6k▼
Equity and liabilities
Total equity and liabilities10/49€263k€267k▲
Equity10/15€83k€78k▼
Contributions10/11€6k€6k=
Reserves13€76k€72k▼
Tax-exempt reserves132€3k€3k=
Distributable reserves133€73k€69k▼
Profit (loss) carried forward14€512€78▼
Amounts payable17/49€180k€189k▲
Amounts payable after more than one year17€32k€25k▼
Financial debts170/4€32k€25k▼
Amounts payable within one year42/48€146k€161k▲
Current portion of amounts payable after more than one year42€37k€21k▼
Financial debts43€30k€30k=
Credit institutions430/8€30k€30k=
Trade debts44€44k€33k▼
Suppliers440/4€44k€33k▼
Advances received on contracts in progress46-€52k
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€6k€2k▼
Remuneration and social security454/9€6k€11k▲
Other amounts payable47/48€23k€11k▼
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€177k€85k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€33k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€3k€11k▲
Gross operating margin9900€230k€136k▼
Operating profit (loss)9901€16k€1k▼
Financial income75/76B€40€0▼
Recurring financial income75€40€0▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€9k€-5k▼
Income taxes67/77€865€0▼
Profit (loss) for the period9904€8k€-5k▼
Profit (loss) for the period to be appropriated9905€8k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-5k▼
Profit (loss) brought forward from the previous period14P€1k€512▼
Transfer from equity791/2-€5k
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
The notes to these accounts (15 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €39k ▲287%
Operating result €46k, net result €39k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 111 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
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
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, Marche-en-Famenne · 2 establishment units since 2008
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.
Marche, Rue Emile Demelenne 36900 Marche-en-FamenneGround area
1,823 m²
Building footprint
406 m²
3 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
WALECO
since 20082.172.330.539
WALECO
since 20212.324.780.192
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83004B2552/00E000 | Wallonia | 1,218 m² | 1 · 121 m² | - |
| 83044D0365/00A000 | Wallonia | 398 m² | 1 · 224 m² | - |
| 83034A1116/00M002 | Wallonia | 206 m² | 1 · 61 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesWALECO SRL41863
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 5,148 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-2008
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesWebsite:www.waleco.be
E-mail:info@waleco.be
Phone:0486066107
E-mail:info@waleco.eu
Phone:0485/98.91.02