WASAFI
ActiveSummary
WASAFI has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €872k and a net result of €198k. Equity is growing by ~35.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 17.81 against 16.76 in 2023; short-term debt: 5.6% and cash: 3.5% of total assets), and 5.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.3%
Return on assets
21.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
48 d early
2022
47 d early
2021
37 d early
2020
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€872k▲ 29.3%
2023 · €675k
2020: €163klowest in 5 years
2021: €330k▲ +102% vs 2020
2022: €494k▲ +49.9% vs 2021
2023: €675k▲ +36.5% vs 2022
2024: €872k▲ +29.3% vs 2023highest in 5 years
2020 → 2024
Total assets
€925k▲ 28.9%
2023 · €718k
2020: €253klowest in 5 years
2021: €414k▲ +63.2% vs 2020
2022: €582k▲ +40.8% vs 2021
2023: €718k▲ +23.3% vs 2022
2024: €925k▲ +28.9% vs 2023highest in 5 years
2020 → 2024
Net result
€198k▲ 9.6%
2023 · €180k
2020: €142klowest in 5 years
2021: €166k▲ +16.8% vs 2020
2022: €165k▼ -1.0% vs 2021
2023: €180k▲ +9.6% vs 2022
2024: €198k▲ +9.6% vs 2023highest in 5 years
2020 → 2024
Working capital
€872k▲ 32.3%
2023 · €659k
2020: €99klowest in 5 years
2021: €282k▲ +186% vs 2020
2022: €462k▲ +64.1% vs 2021
2023: €659k▲ +42.6% vs 2022
2024: €872k▲ +32.3% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€163k-€330k▲ 102%€494k▲ 49.9%€675k▲ 36.5%€872k▲ 29.3%
2020: €163klowest in 5 years
2021: €330k▲ +102% vs 2020
2022: €494k▲ +49.9% vs 2021
2023: €675k▲ +36.5% vs 2022
2024: €872k▲ +29.3% vs 2023highest in 5 years
Operating result€215k-€241k▲ 11.8%€238k▼ 1.0%€254k▲ 6.5%€274k▲ 8.1%
2020: €215klowest in 5 years
2021: €241k▲ +11.8% vs 2020
2022: €238k▼ -1.0% vs 2021
2023: €254k▲ +6.5% vs 2022
2024: €274k▲ +8.1% vs 2023highest in 5 years
Net result€142k-€166k▲ 16.8%€165k▼ 1.0%€180k▲ 9.6%€198k▲ 9.6%
2020: €142klowest in 5 years
2021: €166k▲ +16.8% vs 2020
2022: €165k▼ -1.0% vs 2021
2023: €180k▲ +9.6% vs 2022
2024: €198k▲ +9.6% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 8% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €925k
Fixed assets
€948 ▼ 94.4%
Current assets
€924k ▲ 31.8%
Equity and liabilities €925k
Equity
€872k ▲ 29.3%
Debt
€53k ▲ 22.5%
Debt's share of the balance-sheet total falls from 6.0% to 5.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€290k▲
2023 · €270k
Cash flow
€213k▲
2023 · €196k
Current ratio
17.81▲
2023 · 16.76
Debt to equity
0.06▼
2023 · 0.06
ROE
22.7%▼
2023 · 26.7%
ROA
21.4%▼
2023 · 25.1%
Interest coverage
7305.75▲
2023 · 6839.99
Debt ≤ 1 year
€52k▲
2023 · €42k
Income taxes
€96k▲
2023 · €82k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€718k€925k▲
Fixed assets21/28€17k€948▼
Tangible fixed assets22/27€17k€948▼
Furniture and vehicles24€17k€948▼
Current assets29/58€701k€924k▲
Amounts receivable within one year40/41€66k€88k▲
Trade receivables40€66k€88k▲
Current investments50/53€500k€800k▲
Cash at bank and in hand54/58€130k€32k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€718k€925k▲
Equity10/15€675k€872k▲
Contributions10/11€21k€21k=
Reserves13€652k€849k▲
Distributable reserves133€652k€849k▲
Profit (loss) carried forward14€2k€2k▲
Amounts payable17/49€43k€53k▲
Amounts payable within one year42/48€42k€52k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€35k€42k▲
Taxes450/3€35k€42k▲
Other amounts payable47/48€5k€7k▲
Accrued charges and deferred income492/3€1k€893▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€272k€293k▲
Operating profit (loss)9901€254k€274k▲
Financial income75/76B€8k€20k▲
Recurring financial income75€8k€20k▲
Financial charges65/66B€39€40▲
Recurring financial charges65€39€40▲
Profit (loss) for the period before taxes9903€262k€294k▲
Income taxes67/77€82k€96k▲
Profit (loss) for the period9904€180k€198k▲
Profit (loss) for the period to be appropriated9905€180k€198k▲
Appropriation of the result
Profit (loss) to be appropriated9906€182k€199k▲
Profit (loss) brought forward from the previous period14P€1k€2k▲
Transfer to equity691/2€180k€197k▲
To other reserves6921€180k€197k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €16k | €17k | €16k | €16k | ▼ 1.5% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €3k | ▲ 44.4% |
| Gross operating margin9900 | €237k | €259k | €257k | €272k | €293k | ▲ 7.7% |
| Operating profit (loss)9901 | €215k | €241k | €238k | €254k | €274k | ▲ 8.1% |
| Financial income75/76B | - | €135 | €0 | €8k | €20k | ▲ 138% |
| Recurring financial income75 | - | €135 | €0 | €8k | €20k | ▲ 138% |
| Financial charges65/66B | - | €43 | €41 | €39 | €40 | ▲ 0.7% |
| Recurring financial charges65 | €59 | €43 | €41 | €39 | €40 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €215k | €241k | €238k | €262k | €294k | ▲ 12.2% |
| Income taxes67/77 | €73k | €74k | €74k | €82k | €96k | ▲ 18.0% |
| Profit (loss) for the period9904 | €142k | €166k | €165k | €180k | €198k | ▲ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €142k | €166k | €165k | €180k | €198k | ▲ 9.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €253k | €414k | €582k | €718k | €925k | ▲ 28.9% |
| Fixed assets21/28 | €65k | €48k | €33k | €17k | €948 | ▼ 94.4% |
| Tangible fixed assets22/27 | €65k | €48k | €33k | €17k | €948 | ▼ 94.4% |
| Furniture and vehicles24 | - | €48k | €33k | €17k | €948 | ▼ 94.4% |
| Current assets29/58 | €188k | €365k | €549k | €701k | €924k | ▲ 31.8% |
| Amounts receivable within one year40/41 | €78k | €88k | €78k | €66k | €88k | ▲ 33.3% |
| Trade receivables40 | - | €78k | €78k | €66k | €88k | ▲ 33.3% |
| Other amounts receivable41 | - | €10k | €0 | - | - | - |
| Current investments50/53 | - | - | - | €500k | €800k | ▲ 60.0% |
| Cash at bank and in hand54/58 | €108k | €277k | €469k | €130k | €32k | ▼ 75.2% |
| Deferred charges and accrued income490/1 | - | €460 | €2k | €5k | €4k | ▼ 24.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €253k | €414k | €582k | €718k | €925k | ▲ 28.9% |
| Equity10/15 | €163k | €330k | €494k | €675k | €872k | ▲ 29.3% |
| Contributions10/11 | - | €21k | €21k | €21k | €21k | = |
| Reserves13 | €142k | €308k | €472k | €652k | €849k | ▲ 30.2% |
| Distributable reserves133 | - | €308k | €472k | €652k | €849k | ▲ 30.2% |
| Profit (loss) carried forward14 | €398 | €718 | €1k | €2k | €2k | ▲ 36.0% |
| Amounts payable17/49 | €90k | €84k | €88k | €43k | €53k | ▲ 22.5% |
| Amounts payable within one year42/48 | €90k | €83k | €87k | €42k | €52k | ▲ 24.1% |
| Trade debts44 | €2k | €825 | €1k | €2k | €3k | ▲ 21.5% |
| Suppliers440/4 | - | €825 | €1k | €2k | €3k | ▲ 21.5% |
| Taxes, remuneration and social security45 | - | €83k | €82k | €35k | €42k | ▲ 20.2% |
| Taxes450/3 | - | €83k | €82k | €35k | €42k | ▲ 20.2% |
| Other amounts payable47/48 | - | €0 | €4k | €5k | €7k | ▲ 55.6% |
| Accrued charges and deferred income492/3 | - | €522 | €945 | €1k | €893 | ▼ 30.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142k | €166k | €165k | €180k | €198k | ▲ 9.6% |
| + Depreciation and write-downs630 | €16k | €16k | €17k | €16k | €16k | ▼ 1.5% |
| Operating cash flow (approximation) | €158k | €183k | €181k | €196k | €213k | ▲ 8.7% |
| Investment in fixed assets (approximation) | - | €0 | €-935 | €0 | €0 | - |
| Change in cash | - | €169k | €192k | €-339k | €-98k | ▲ 71.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €198k ▲9.6%
Operating result €274k, net result €198k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 16.76
Current ratio from 6.32 to 16.76; short-term debt falls from €87k to €42k.
31-12
Financial
Equity above €500kEq €675k ▲36.5%
4 profitable years in a row build equity to €675k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.38
Current ratio from 2.10 to 4.38; short-term debt falls from €90k to €83k.
31-12
Financial
Equity above €200kEq €330k ▲102%
2 profitable years in a row build equity to €330k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tervuren · 1 establishment unit since 2019
Ground area
114 m²
Building footprint
92 m²
Volume, LiDAR
450 m³
Parcel 24302G0064/00T003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
WASAFI
since 20192.291.729.126
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302G0064/00T003 | Flanders | 114 m² | 1 · 92 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 29,325 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.