Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WASC from Lubbeek, company number BE0653733082, closed financial year 2025 with a result of € 137 after tax. For that financial year WASC recorded a gross margin of € 82,869 and equity of € -177,434. Compared with financial year 2024, the result moved from € 18,484 to € 137. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -177,434
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 137
▼ 99% vs 2024
Profit after tax over the fiscal year.
€ 33,429
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -217,434.
People and assets in 2025
€ 61,703
▲ 12% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 95,000
Loans from banks and other lenders, long and short.
€ 5,590
▲ € 5,160 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,963
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 59,603 | € 41,076 | € 91,423 | € 82,869 | ▼ 9% |
| Profit after taxes | € -40,174 | € -61,738 | € 18,484 | € 137 | ▼ 99% |
| Equity | € -134,317 | € -196,055 | € -177,571 | € -177,434 | |
| Total debts | € 234,883 | € 277,736 | € 259,146 | € 263,570 | ▲ 2% |
| Cash | € 5,496 | € 11,838 | € 26,541 | € 33,429 | ▲ 26% |
| Land & buildings | - | € 1,846 | € 0 | - | |
| Retained profit | € -174,317 | € -236,055 | € -217,571 | € -217,434 | |
| Bank debt | € 95,000 | € 95,000 | € 95,000 | € 95,000 | |
| Balance sheet total | € 100,566 | € 81,681 | € 81,575 | € 86,135 | ▲ 6% |
Key figures of WASC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WASC?
What happened at WASC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 137 (▼ 99% vs 2024). Source: NBB ↗
- Theophiel Elsen became a director. NBB
- Tim Elsen became a director. NBB
- New establishment in Holsbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,174 loss in 2022 to € 137 profit in 2025.
Best year ever: 2024, with € 18,484 profit.
A new publication or filing at WASC? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind WASC are Theophiel Elsen and Tim Elsen. The same people are also behind De Blauwmolen. Theophiel Elsen is also behind FLORIAN BOUWADVIES and HET FRIT-FONTEIN. Tim Elsen is also behind T&T Invest en Consulting.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Nachtegalenstraat(LIN) 86
3210 Lubbeek
Blauwmolenstraat 16
3221 Holsbeek
Active since 18 June 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0653.733.082
- VAT number
- BE 0653.733.082
- Registered office
- Nachtegalenstraat(LIN) 86, 3210 Lubbeek
- Names & denominations
- WASC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 2016
- Peppol
- Active · Active since 10 Jan 2026
- Activities · NACE
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