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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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
THE WALL from Waimes, company number BE0688695446, closed financial year 2025 with a result of € 4,616 after tax. For that financial year THE WALL recorded a gross margin of € 61,487 and equity of € 77,385. Compared with financial year 2024, the result moved from € 14,395 to € 4,616. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 77,385
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,616
▼ 68% vs 2024
Profit after tax over the fiscal year.
€ 13,105
▲ € 11,034 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 € 57,385.
People and assets in 2025
€ 1,822
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▲ 233% vs 2024
€ 62,509 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 14,949
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 766
▼ 89% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 69,095 | € 87,404 | € 59,478 | € 61,487 | ▲ 3% |
| Profit after taxes | € 15,677 | € 45,524 | € 14,395 | € 4,616 | ▼ 68% |
| Equity | € 12,851 | € 58,375 | € 72,769 | € 77,385 | ▲ 6% |
| Total debts | € 442,787 | € 412,978 | € 379,737 | € 1,309,686 | ▲ 245% |
| Cash | € 4,982 | € 7,288 | € 2,070 | € 13,105 | ▲ € 11,034 |
| Land & buildings | € 351,894 | € 344,928 | € 330,584 | € 894,427 | ▲ 171% |
| Retained profit | € -7,149 | € 38,375 | € 52,769 | € 57,385 | ▲ 9% |
| Bank debt | € 401,295 | € 367,167 | € 332,390 | € 1,106,951 | ▲ 233% |
| Balance sheet total | € 455,637 | € 471,353 | € 452,506 | € 1,387,071 | ▲ 207% |
| Employees (FTE) | - | 0.3 | - | - |
Key figures of THE WALL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to THE WALL?
What happened at THE WALL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,616 (▼ 68% vs 2024). Source: NBB ↗
- New establishment in Verviers. KBO
- New establishment in Malmedy. KBO
- New establishment in Waimes. KBO
- Antoine LECOQ became a director. NBB
- Lucie LEBICHOT became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 15,677 profit in 2022 to € 4,616 profit in 2025.
Paid € 6,134 in corporate taxes since 2022.
Best year ever: 2023, with € 45,524 profit.
Management
Behind THE WALL are Antoine LECOQ and Lucie LEBICHOT. Antoine LECOQ is also behind SOCIETE DES TRAVAUX GENERAUX DE CONSTRUCTIONS, Société Internationale de Travaux Publics, INTO THE WILD and BASILIQUE EXPERIENCE.
Directors
According to the 2025 annual accounts
Antoine LECOQ
Director
Also active at: SOCIETE DES TRAVAUX GENERAUX DE CONSTRUCTIONS, Société Internationale de Travaux Publics, INTO THE WILD, BASILIQUE EXPERIENCE
since 2018
Lucie LEBICHOT
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Rue du Milan 1
4950 Waimes
Rue de Liège -
4800 Verviers
Active since 1 September 2025
Avenue de la Libération 1 box h
4960 Malmedy
Active since 1 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →SOCIETE DES TRAVAUX GENERAUX DE CONSTRUCTIONS same network
€ 19.7 million revenue · 2025
Société Internationale de Travaux Publics same network
€ 119,826 gross margin · 2025
DEGETRA
€ 2.4 million gross margin · 2025
AM TRAGECO - GEHLEN RAVEL
AM TRAGECO - ELSEN BUTGENBACH
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0688.695.446
- VAT number
- BE 0688.695.446
- Registered office
- Rue du Milan 1, 4950 Waimes
- Names & denominations
- THE WALL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2018
- Peppol
- Active · Active since 2 Oct 2025
- Activities · NACE
Exploitatie van sportaccommodaties