4WINGS Foundation
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-03-2026 PDF all 10 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.0m
2024 · €159,651
Working capital
€667,627▼ 60.6%
2024 · €1.7m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1.0m
2025
20182025
Net result
-€1.0m
2025
20182025
Equity
€921,499
▼ 52.7%
2025
20182025
Total assets
€931,303
▼ 52.8%
2025
20182025
Debt
€9,804
▼ 55.5%
2025
20182025
Working capital
€667,627
▼ 60.6%
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m-€0.007m▼ 98.3%-€0.7m-€0.8m▼ 10.5%€0.2m€0.2m▲ 15.7%€0.06m▼ 75.5%-€1.0m
Net result€0.4m-€0.007m▼ 98.3%-€0.7m-€0.8m▼ 10.3%€0.2m€0.2m▲ 19.5%€0.2m▼ 31.2%-€1.0m
Equity€2.8m-€2.8m▲ 0.3%€2.1m▼ 24.4%€1.4m▼ 35.7%€1.6m▲ 14.2%€1.8m▲ 14.9%€1.9m▲ 8.9%€0.9m▼ 52.7%
Total assets€2.8m-€2.8m▲ 0.3%€2.1m▼ 24.5%€1.4m▼ 35.4%€1.6m▲ 14.1%€1.8m▲ 14.9%€2.0m▲ 9.4%€0.9m▼ 52.8%
Debt€0.01m-€0.01m▲ 15.9%€0.009m▼ 33.0%€0.01m▲ 31.9%€0.01m▼ 6.5%€0.01m▲ 10.9%€0.02m▲ 88.7%€0.01m▼ 55.5%
Working capital€2.5m-€2.5m▼ 1.7%€1.8m▼ 27.9%€1.1m▼ 37.2%€1.1m▲ 1.4%€1.4m▲ 20.5%€1.7m▲ 24.8%€0.7m▼ 60.6%
Staff (FTE)1.6-1.8▲ 12.5%1.1▼ 38.9%1.2▲ 9.1%1▼ 16.7%
The operating result for 2025 is a loss of €1.0m, after a profit of €55,301 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €931,303
Fixed assets
€253,872 ▼ 0.7%
Current assets
€677,431 ▼ 60.5%
Equity and liabilities €931,303
Equity
€921,499 ▼ 52.7%
Debt
€9,804 ▼ 55.5%
Debt's share of the balance-sheet total falls from 1.1% to 1.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1.0m▼
2024 · €57,441
Cash flow
-€1.0m▼
2024 · €161,791
Current ratio
69.10▼
2024 · 77.90
Debt to equity
0.01▼
2024 · 0.01
ROE
-111.5%▼
2024 · 8.2%
ROA
-110.4%▼
2024 · 8.1%
Interest coverage
-2203.15▼
2024 · over 100
Debt ≤ 1 year
€9,804▼
2024 · €22,025
Staff costs
€180,329▲
2024 · €174,635
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1.2 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 1 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,998 | €3,278 | €756 | - |
| Financial fixed assets | €102,100 | €175,243 | - | - | - |
| Depreciation and write-downs of the year | - | €296 | €1,854 | €2,140 | €1,660 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.04m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €296 | €0.002m | €0.002m | €0.002m | ▼ 22.4% |
| Other operating charges640/8 | - | - | - | - | - | - | €139 | - | - |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €184 | - |
| Gross operating margin9900 | €0.5m | €0.06m | -€0.7m | -€0.7m | €0.3m | €0.4m | €0.2m | -€0.9m | - |
| Operating profit (loss)9901 | €0.4m | €0.007m | -€0.7m | -€0.8m | €0.2m | €0.2m | €0.06m | -€1.0m | - |
| Financial income75/76B | - | - | - | €0.002m | €47 | €0.006m | €0.1m | €0.02m | ▼ 83.5% |
| Recurring financial income75 | €2 | - | €0 | €0.002m | €47 | €0.006m | €0.009m | €0.02m | ▲ 91.1% |
| Non-recurring financial income76B | - | - | - | - | - | - | €0.1m | - | - |
| Financial charges65/66B | - | - | - | €494 | €0.001m | €174 | €228 | €473 | ▲ 108% |
| Recurring financial charges65 | €214 | €149 | €349 | €494 | €0.001m | €174 | €228 | €473 | ▲ 108% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.007m | -€0.7m | -€0.8m | €0.2m | €0.2m | €0.2m | -€1.0m | - |
| Profit (loss) for the period9904 | €0.4m | €0.007m | -€0.7m | -€0.8m | €0.2m | €0.2m | €0.2m | -€1.0m | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.007m | -€0.7m | -€0.8m | €0.2m | €0.2m | €0.2m | -€1.0m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €2.8m | €2.1m | €1.4m | €1.6m | €1.8m | €2.0m | €0.9m | ▼ 52.8% |
| Fixed assets21/28 | €0.3m | €0.4m | €0.4m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 0.7% |
| Tangible fixed assets22/27 | - | - | - | - | €0.004m | €0.005m | €0.004m | €0.002m | ▼ 49.3% |
| Furniture and vehicles24 | - | - | - | - | €0.004m | €0.005m | €0.004m | €0.002m | ▼ 49.3% |
| Financial fixed assets28 | €0.3m | €0.4m | €0.4m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | = |
| Current assets29/58 | €2.5m | €2.5m | €1.8m | €1.1m | €1.1m | €1.4m | €1.7m | €0.7m | ▼ 60.5% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.1m | €0.2m | €0.4m | €0.3m | ▼ 18.2% |
| Other amounts receivable291 | - | - | - | €0.2m | €0.1m | €0.2m | €0.4m | €0.3m | ▼ 18.2% |
| Amounts receivable within one year40/41 | - | - | - | - | €140 | - | €0.1m | €0.001m | ▼ 98.8% |
| Trade receivables40 | - | - | - | - | €140 | - | - | €0.001m | - |
| Other amounts receivable41 | - | - | - | - | - | - | €0.1m | €0.001m | ▼ 99.5% |
| Current investments50/53 | €0.5m | €0.5m | - | - | - | - | €0.6m | - | - |
| Cash at bank and in hand54/58 | €1.9m | €1.8m | €1.6m | €0.9m | €1.0m | €1.2m | €0.6m | €0.3m | ▼ 41.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | - | €0.004m | €0.001m | €437 | ▼ 31.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €2.8m | €2.1m | €1.4m | €1.6m | €1.8m | €2.0m | €0.9m | ▼ 52.8% |
| Equity10/15 | €2.8m | €2.8m | €2.1m | €1.4m | €1.6m | €1.8m | €1.9m | €0.9m | ▼ 52.7% |
| Reserves13 | - | - | - | €1.4m | €1.6m | €1.8m | €1.9m | €0.9m | ▼ 52.7% |
| Amounts payable17/49 | €0.01m | €0.01m | €0.009m | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 55.5% |
| Amounts payable within one year42/48 | €0.01m | €0.01m | €0.009m | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 55.5% |
| Trade debts44 | €0.005m | €0.006m | €0.006m | €0.009m | €0.004m | €0.003m | €0.01m | €0.004m | ▼ 67.6% |
| Suppliers440/4 | - | - | - | €0.009m | €0.004m | €0.003m | €0.01m | €0.004m | ▼ 67.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.007m | €0.008m | €0.01m | €0.006m | ▼ 41.8% |
| Taxes450/3 | - | - | - | - | - | €0.006m | €0.002m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.007m | €0.003m | €0.008m | €0.006m | ▼ 28.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.007m | -€0.7m | -€0.8m | €0.2m | €0.2m | €0.2m | -€1.0m | - |
| + Depreciation and write-downs630 | - | - | - | - | €296 | €0.002m | €0.002m | €0.002m | ▼ 22.4% |
| Operating cash flow (approximation) | €0.4m | €0.007m | -€0.7m | -€0.8m | €0.2m | €0.2m | €0.2m | -€1.0m | - |
| Investment in fixed assets (approximation) | - | -€0.05m | €0 | €0.1m | -€0.2m | -€0.003m | €0.2m | €184 | ▼ 99.9% |
| Change in cash | - | -€0.07m | -€0.2m | -€0.7m | €0.1m | €0.1m | -€0.6m | -€0.2m | ▲ 58.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-03-2026 | 2026-00066457 | |
| 31-12-2024 | micro format | 28-05-2025 | 2025-00113875 | |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00291263 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00163608 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20107712 | |
| 31-12-2020 | full format | 07-06-2021 | 2021-18300223 | |
| 31-12-2019 | full format | 27-10-2020 | 2020-64500174 | |
| 31-12-2018 | full format | 27-08-2019 | 2019-56100114 | |
| 31-12-2017 | full format | 27-04-2018 | 2018-11600572 | |
| 31-12-2016 | full format | 01-02-2018 | 2018-04400318 |