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 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WAX-IT from Oudenaarde, company number BE0821256735, closed financial year 2025 with a result of € 77,234 after tax. For that financial year WAX-IT recorded a gross margin of € 500,692 and equity of € 131,957. Compared with financial year 2024, the result moved from € 72,084 to € 77,234. Profitable, and profit is growing. 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 August 31, 2026.
€ 131,957
▲ 141% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,234
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 92,777
▲ 30% 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 € 44,557.
People and assets in 2025
5.3
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 327,264
▲ 13% vs 2024
€ 61,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 54,723
▼ 5% vs 2024
Of which on lease € 43,684.
Debts at end 2025
€ 453,031
▲ 1% vs 2024
€ 27,014 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 435,279
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,542
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 147,139 | € 270,278 | € 473,382 | € 500,692 | ▲ 6% |
| Profit after taxes | € -232,928 | € 3,199 | € 72,084 | € 77,234 | ▲ 7% |
| Equity | € -20,560 | € -17,361 | € 54,723 | € 131,957 | ▲ 141% |
| Total debts | € 973,703 | € 1,362,261 | € 1,588,837 | € 990,345 | ▼ 38% |
| Cash | € 78,952 | € 157,281 | € 71,252 | € 92,777 | ▲ 30% |
| Land & buildings | € 42,658 | € 36,626 | € 34,098 | € 27,707 | ▼ 19% |
| Retained profit | € -107,960 | € -104,761 | € -32,677 | € 44,557 | ▲ € 77,234 |
| Bank debt | € 474,635 | € 521,823 | € 450,506 | € 453,031 | ▲ 1% |
| Balance sheet total | € 953,142 | € 1,344,900 | € 1,643,560 | € 1,122,303 | ▼ 32% |
| Employees (FTE) | 5.8 | 3.6 | 5.5 | 5.3 | ▼ 0.2 |
Key figures of WAX-IT, 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 WAX-IT?
What happened at WAX-IT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 77,234 (▲ 7% vs 2024). filed late Source: NBB ↗
- Group H BV BV became a director. NBB
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 232,928 loss in 2022 to € 77,234 profit in 2025.
Paid € 842 in corporate taxes since 2022.
Best year ever: 2025, with € 77,234 profit.
On average € 94,500 of value added per employee in 2025.
Management
The stake of GROUP H comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WAX-ITBehind WAX-IT is Group H BV BV. The shares are held by GROUP H (100%).
Directors
According to the 2025 annual accounts
Director · represented by Himpe Bert
since 2019
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Westerring 27i
9700 Oudenaarde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0821.256.735
- VAT number
- BE 0821.256.735
- Registered office
- Westerring 27i, 9700 Oudenaarde
- Names & denominations
- WAX-IT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2009
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- wax-it.be [email protected] 055303119
- Activities · NACE
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