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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 1 to 0.3.
Financials
Financial year 2025
WAB from Engis, company number BE0838762760, closed financial year 2025 with a result of € -107,765 after tax. For that financial year WAB recorded a gross margin of € 49,128 and equity of € 172,012. Compared with financial year 2024, the result moved from € -98,939 to € -107,765. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ 172,012
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -107,765
▼ 9 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,044
▲ € 3,699 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 42,612.
People and assets in 2025
0.3
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7,672
▼ 76% 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
€ 82,055
▼ 12% vs 2024
€ 12,468 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 4,499
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,266
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 122,942 | € 137,516 | € 93,887 | € 49,128 | ▼ 48% |
| Profit after taxes | € 3,493 | € -110,939 | € -98,939 | € -107,765 | ▼ € 8,827 |
| Equity | € 489,656 | € 378,716 | € 279,778 | € 172,012 | ▼ 39% |
| Total debts | € 302,208 | € 272,315 | € 220,207 | € 221,830 | ▲ 1% |
| Cash | € 2,651 | € 1,838 | € 345 | € 4,044 | ▲ € 3,699 |
| Land & buildings | € 125,168 | € 113,796 | € 102,424 | € 91,053 | ▼ 11% |
| Retained profit | € 360,256 | € 249,316 | € 150,378 | € 42,612 | ▼ 72% |
| Bank debt | € 145,659 | € 104,406 | € 93,338 | € 82,055 | ▼ 12% |
| Balance sheet total | € 865,346 | € 719,948 | € 564,224 | € 453,290 | ▼ 20% |
| Employees (FTE) | 1 | 1 | 0.7 | 0.3 | ▼ 0.4 |
Key figures of WAB, 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 WAB?
What happened at WAB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 107,765. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Engis. KBO
In short
From € 3,493 profit in 2022 to € 107,765 loss in 2025.
Paid € 40,422 in corporate taxes since 2022.
Best year ever: 2022, with € 3,493 profit.
On average € 137,500 of value added per employee in 2023.
Management
Behind WAB is Walther BERTRAND. It owns 100% of ENTREPRISE DE PAVAGE H. DEFERM itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue Magotte(Herm) 1
4480 Engis
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0838.762.760
- VAT number
- BE 0838.762.760
- Registered office
- Rue Magotte(Herm) 1, 4480 Engis
- Names & denominations
- WAB
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2011
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
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