DE TEMMERMAN WENDY
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 11-06-2026 at the NBB all 15 filings
Turnover
€432,047▲ 26.3%
2019 · €342,059
EBIT margin
20.4%▲ 2.4pp
2019 · 18.0%
Net result
€73,605▼ 41.0%
2024 · €124,765
Working capital
€301,048▼ 10.7%
2024 · €336,978
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€105,890
▼ 29.7%
2025
20182025
Net result
€73,605
▼ 41.0%
2025
20182025
EBIT margin
no figure
2025
20182025
Equity
€307,596
▼ 11.0%
2025
20182025
Total assets
€334,302
▼ 12.9%
2025
20182025
Debt
€26,706
▼ 30.3%
2025
20182025
Working capital
€301,048
▼ 10.7%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€352,525-€342,059▼ 3.0%€432,047▲ 26.3%
Operating result€2,437-€61,462▲ 25×€88,135▲ 43.4%€107,712▲ 22.2%€24,587▼ 77.2%-€77,983€150,704€105,890▼ 29.7%
Net result€2,054-€50,554▲ 25×€63,871▲ 26.3%€75,140▲ 17.6%€16,219▼ 78.4%-€79,003€124,765€73,605▼ 41.0%
EBIT margin0.7%-18.0%▲ 17.3pp20.4%▲ 2.4pp
Equity€93,985-€144,540▲ 53.8%€208,410▲ 44.2%€283,551▲ 36.1%€299,770▲ 5.7%€220,766▼ 26.4%€345,531▲ 56.5%€307,596▼ 11.0%
Total assets€154,405-€183,349▲ 18.7%€293,671▲ 60.2%€307,417▲ 4.7%€314,823▲ 2.4%€227,372▼ 27.8%€383,872▲ 68.8%€334,302▼ 12.9%
Debt€60,419-€38,809▼ 35.8%€85,260▲ 120%€23,866▼ 72.0%€15,053▼ 36.9%€6,606▼ 56.1%€38,340▲ 480%€26,706▼ 30.3%
Working capital€66,825-€98,183▲ 46.9%€132,744▲ 35.2%€254,845▲ 92.0%€282,084▲ 10.7%€210,057▼ 25.5%€336,978▲ 60.4%€301,048▼ 10.7%
The operating result for 2025 is 30% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €334,302
Fixed assets
€6,898 ▼ 19.4%
Current assets
€327,404 ▼ 12.8%
Equity and liabilities €334,302
Equity
€307,596 ▼ 11.0%
Debt
€26,706 ▼ 30.3%
Debt's share of the balance-sheet total falls from 10.0% to 8.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€109,763▼
2024 · €153,904
Cash flow
€77,478▼
2024 · €127,964
Current ratio
12.42▲
2024 · 9.79
Debt to equity
0.09▼
2024 · 0.11
ROE
23.9%▼
2024 · 36.1%
ROA
22.0%▼
2024 · 32.5%
Interest coverage
36.21▼
2024 · over 100
Debt ≤ 1 year
€26,356▼
2024 · €38,340
Income taxes
€31,549▲
2024 · €31,247
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €3,492 | - | €3,361 |
| Intangible fixed assets | - | - | - | €1,143 | - |
| Depreciation and write-downs of the year | €11,508 | €11,021 | €10,467 | €3,199 | €3,873 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €352,525 | €342,059 | €432,047 | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €13,160 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €185 | - | €891 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,989 | €20,803 | €16,101 | €11,508 | €11,021 | €10,467 | €3,199 | €3,873 | ▲ 21.1% |
| Other operating charges640/8 | - | - | - | €1,165 | €731 | €30,007 | €1,152 | €1,296 | ▲ 12.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €54,832 | €50 | - | - |
| Gross operating margin9900 | €17,795 | €82,933 | €104,890 | €120,385 | €36,524 | €17,324 | €155,997 | €111,059 | ▼ 28.8% |
| Operating profit (loss)9901 | €2,437 | €61,462 | €88,135 | €107,712 | €24,587 | -€77,983 | €150,704 | €105,890 | ▼ 29.7% |
| Financial income75/76B | - | - | - | €701 | €527 | €175 | €6,642 | €2,296 | ▼ 65.4% |
| Recurring financial income75 | €5 | €13 | €0 | €701 | €527 | €175 | €6,642 | €2,296 | ▼ 65.4% |
| Financial charges65/66B | - | - | - | €906 | €270 | €1,035 | €1,334 | €3,032 | ▲ 127% |
| Recurring financial charges65 | €182 | €372 | €529 | €906 | €270 | €1,035 | €1,334 | €3,032 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €2,260 | €61,103 | €87,606 | €107,507 | €24,844 | -€78,843 | €156,012 | €105,154 | ▼ 32.6% |
| Income taxes67/77 | €206 | €10,548 | €23,735 | €32,366 | €8,625 | €160 | €31,247 | €31,549 | ▲ 1.0% |
| Profit (loss) for the period9904 | €2,054 | €50,554 | €63,871 | €75,140 | €16,219 | -€79,003 | €124,765 | €73,605 | ▼ 41.0% |
| Profit (loss) for the period to be appropriated9905 | €2,054 | €50,554 | €63,871 | €75,140 | €16,219 | -€79,003 | €124,765 | €73,605 | ▼ 41.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €154,405 | €183,349 | €293,671 | €307,417 | €314,823 | €227,372 | €383,872 | €334,302 | ▼ 12.9% |
| Fixed assets21/28 | €27,160 | €46,357 | €102,273 | €28,706 | €17,685 | €10,710 | €8,553 | €6,898 | ▼ 19.4% |
| Intangible fixed assets21 | - | €32,000 | €24,000 | €16,000 | €8,000 | - | €1,143 | - | - |
| Tangible fixed assets22/27 | €27,160 | €14,357 | €78,273 | €12,706 | €9,685 | €10,710 | €7,410 | €6,898 | ▼ 6.9% |
| Plant, machinery and equipment23 | - | - | - | €12,654 | €9,685 | €10,710 | €7,410 | €4,359 | ▼ 41.2% |
| Furniture and vehicles24 | - | - | - | €52 | - | - | - | €2,539 | - |
| Current assets29/58 | €127,244 | €136,992 | €191,398 | €278,711 | €297,137 | €216,663 | €375,318 | €327,404 | ▼ 12.8% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €100,000 | €100,000 | - | - |
| Other amounts receivable291 | - | - | - | - | - | €100,000 | €100,000 | - | - |
| Amounts receivable within one year40/41 | €76,537 | €121,145 | €54,595 | €110,142 | €88,663 | €64,856 | €135,311 | €70,077 | ▼ 48.2% |
| Trade receivables40 | - | - | - | €106,897 | €69,635 | €21,729 | €125,722 | €42,873 | ▼ 65.9% |
| Other amounts receivable41 | - | - | - | €3,245 | €19,028 | €43,126 | €9,589 | €27,204 | ▲ 184% |
| Current investments50/53 | - | - | - | - | - | - | - | €150,000 | - |
| Cash at bank and in hand54/58 | €50,707 | €15,847 | €136,803 | €168,569 | €205,605 | €51,605 | €135,213 | €98,499 | ▼ 27.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,869 | €202 | €4,794 | €8,829 | ▲ 84.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €154,405 | €183,349 | €293,671 | €307,417 | €314,823 | €227,372 | €383,872 | €334,302 | ▼ 12.9% |
| Equity10/15 | €93,985 | €144,540 | €208,410 | €283,551 | €299,770 | €220,766 | €345,531 | €307,596 | ▼ 11.0% |
| Contributions10/11 | €30,000 | €30,000 | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €63,985 | €114,540 | €178,410 | €253,551 | €269,770 | €269,770 | €315,531 | €277,596 | ▼ 12.0% |
| Non-distributable reserves130/1 | - | - | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | - | - | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Distributable reserves133 | - | - | - | €250,551 | €266,770 | €266,770 | €312,531 | €274,596 | ▼ 12.1% |
| Profit (loss) carried forward14 | - | - | - | - | - | -€79,003 | - | - | - |
| Amounts payable17/49 | €60,419 | €38,809 | €85,260 | €23,866 | €15,053 | €6,606 | €38,340 | €26,706 | ▼ 30.3% |
| Amounts payable after more than one year17 | - | - | €26,606 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €60,419 | €38,809 | €58,654 | €23,866 | €15,053 | €6,606 | €38,340 | €26,356 | ▼ 31.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,502 | €8,204 | - | - | - | - |
| Trade debts44 | €5,973 | €2,278 | €11,852 | €1,998 | €6,849 | €6,606 | €38,340 | €245 | ▼ 99.4% |
| Suppliers440/4 | - | - | - | €1,998 | €6,849 | €6,606 | €38,340 | €245 | ▼ 99.4% |
| Taxes, remuneration and social security45 | - | - | - | €7,365 | - | - | - | - | - |
| Taxes450/3 | - | - | - | €7,365 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €26,111 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €350 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,054 | €50,554 | €63,871 | €75,140 | €16,219 | -€79,003 | €124,765 | €73,605 | ▼ 41.0% |
| + Depreciation and write-downs630 | €13,989 | €20,803 | €16,101 | €11,508 | €11,021 | €10,467 | €3,199 | €3,873 | ▲ 21.1% |
| Operating cash flow (approximation) | €16,043 | €71,358 | €79,971 | €86,648 | €27,240 | -€68,536 | €127,964 | €77,478 | ▼ 39.5% |
| Investment in fixed assets (approximation) | - | -€40,000 | -€72,016 | €62,059 | €0 | -€3,492 | -€1,043 | -€2,218 | ▼ 113% |
| Change in cash | - | -€34,861 | €120,957 | €31,766 | €37,036 | -€154,001 | €83,608 | -€36,714 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as DE TEMMERMAN WENDY has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DE TEMMERMAN WENDY itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for DE TEMMERMAN WENDY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-06-2026 | 2026-00162412 | |
| 31-12-2024 | micro format | 28-06-2025 | 2025-00213266 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00307018 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00257617 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20228661 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-18500123 | |
| 31-12-2019 | micro format | 20-07-2020 | 2020-31800022 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-22800360 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-22900109 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-36600310 |