Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
WAPINVEST – FONDS SPIN-OFF / SPIN-OUT from Tournai, company number BE0890497612, closed financial year 2025 with a result of € -305,109 after tax. For that financial year WAPINVEST – FONDS SPIN-OFF / SPIN-OUT recorded a gross margin of € -57,083 and equity of € -3.6 million. Compared with financial year 2024, the result moved from € 102,604 to € -305,109. The company made a loss. 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 December 2, 2025.
€ -3.6 million
▼ € 305,109 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -305,109
▼ still € 102,604 profit in 2024
Profit after tax over the fiscal year.
€ 86,893
▲ € 77,050 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.6 million.
Debts at end 2025
€ 20 million
▲ 3% vs 2024
€ 1.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 42,347
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 40,247
▲ 73% 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 | € -51,558 | € 34,003 | € -84,029 | € -57,083 | ▲ € 26,946 |
| Profit after taxes | € -1,593,648 | € -823,516 | € 102,604 | € -305,109 | ▼ € 407,713 |
| Equity | € -2,557,709 | € -3,381,225 | € -3,278,621 | € -3,583,730 | ▼ € 305,109 |
| Total debts | € 15,561,462 | € 16,912,215 | € 19,517,280 | € 20,049,359 | ▲ 3% |
| Cash | € 2,069,690 | € 879,003 | € 9,843 | € 86,893 | ▲ € 77,050 |
| Retained profit | € -2,619,709 | € -3,443,225 | € -3,340,621 | € -3,645,730 | ▼ € 305,109 |
| Bank debt | € 15,200,419 | € 16,867,085 | € 19,392,085 | € 19,966,765 | ▲ 3% |
| Balance sheet total | € 13,003,753 | € 13,530,990 | € 16,238,659 | € 16,465,629 | ▲ 1% |
Key figures of WAPINVEST – FONDS SPIN-OFF / SPIN-OUT, 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 WAPINVEST – FONDS SPIN-OFF / SPIN-OUT?
What happened at WAPINVEST – FONDS SPIN-OFF / SPIN-OUT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 305,109 (▼ € 407,713 vs 2024). Source: NBB ↗
- New establishment in Ath. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.6 million loss in 2022 to € 305,109 loss in 2025.
Best year ever: 2024, with € 102,604 profit.
Establishments
Establishment units
Physical locations of this company
Rue du Progrès(FRY) 24/1
7503 Tournai
Rue Defacqz 17
7800 Ath
Active since 14 August 2007
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
- 0890.497.612
- VAT number
- BE 0890.497.612
- Registered office
- Rue du Progrès(FRY) 24/1, 7503 Tournai
- Names & denominations
- WAPINVEST – FONDS SPIN-OFF / SPIN-OUT · WAPINVEST – FSO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 2007
- Peppol
- Not registered
- Activities · NACE
Overige kredietverstrekking n.e.g.