DE WULFDAM
ActiveSummary
DE WULFDAM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,617 and a net result of -€8,737. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 52% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-52
Solvency57▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.67 in 2024; short-term debt: 66.5% and cash: 43.5% of total assets), and 67.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.3%
Return on assets
-2.7%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€8,737
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
7 d early
2023
42 d early
2022
26 d early
2021
22 d late
2020
11 d late
2019
60 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 24 January (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€105,617▼ 7.6%
2024 · €114,353
Total assets
€326,674▼ 1.3%
2024 · €330,880
Net result
-€8,737▼ 56.5%
2024 · -€5,583
Working capital
-€69,407▲ 3.5%
2024 · -€71,947
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€23,321▼ 92.7%-€32,907▼ 41.1%-€28,172▲ 14.4%-€6,897▲ 75.5%-€9,067▼ 31.5%
Net result-€23,351below the sector's middle half▼ 92.5%-€32,955below the sector's middle half▼ 41.1%-€28,265below the sector's middle half▲ 14.2%-€5,583within the sector's middle half▲ 80.2%-€8,737below the sector's middle half▼ 56.5%
Equity€416,160above the sector's middle half▼ 5.3%€153,666within the sector's middle half▼ 63.1%€125,401within the sector's middle half▼ 18.4%€114,353within the sector's middle half▼ 8.8%€105,617within the sector's middle half▼ 7.6%
Total assets€418,842within the sector's middle half▼ 4.9%€396,072within the sector's middle half▼ 5.4%€362,246within the sector's middle half▼ 8.5%€330,880within the sector's middle half▼ 8.7%€326,674within the sector's middle half▼ 1.3%
Debt€2,646▲ 240%€242,406▲ 9,060%€236,845▼ 2.3%€216,527▼ 8.6%€221,058▲ 2.1%
Working capital€222,942above the sector's middle half▼ 4.8%-€57,484within the sector's middle half-€72,141within the sector's middle half▼ 25.5%-€71,947within the sector's middle half▲ 0.3%-€69,407within the sector's middle half▲ 3.5%
Solvency99.4%above the sector's middle half▼ 0.5pp38.8%within the sector's middle half▼ 60.6pp34.6%within the sector's middle half▼ 4.2pp34.6%within the sector's middle half▼ 0.1pp32.3%within the sector's middle half▼ 2.2pp
Current ratio85.24above the sector's middle half0.76within the sector's middle half▼ 84.480.70within the sector's middle half▼ 0.070.67within the sector's middle half▼ 0.030.68within the sector's middle half▲ 0.02
Return on assets (ROA)-5.6%below the sector's middle half▼ 2.8pp-8.3%below the sector's middle half▼ 2.7pp-7.8%below the sector's middle half▲ 0.5pp-1.7%within the sector's middle half▲ 6.1pp-2.7%below the sector's middle half▼ 1.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,067 in 2025 against €6,897 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326,674
Fixed assets
€178,838 ▼ 4.8%
Current assets
€147,836 ▲ 3.4%
Equity and liabilities €326,674
Equity
€105,617 ▼ 7.6%
Debt
€221,058 ▲ 2.1%
Debt's share of the balance-sheet total rises from 65.4% to 67.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€43▼
2024 · €2,782
Cash flow
€288▼
2024 · €4,097
Debt to equity
2.09▲
2024 · 1.89
ROE
-8.3%▼
2024 · -4.9%
Interest coverage
-0.21▼
2024 · 27.09
Debt ≤ 1 year
€217,244▲
2024 · €214,965
Income taxes
€197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,065 | €12,067 | €14,244 | €9,679 | €9,024 | ▼ 6.8% |
| Other operating charges640/8 | - | €2,767 | €2,785 | €4,671 | €2,235 | ▼ 52.1% |
| Non-recurring operating charges66A | - | - | €9,400 | €0 | - | - |
| Gross operating margin9900 | -€6,569 | -€18,074 | -€1,743 | €7,453 | €2,193 | ▼ 70.6% |
| Operating profit (loss)9901 | -€23,321 | -€32,907 | -€28,172 | -€6,897 | -€9,067 | ▼ 31.5% |
| Financial income75/76B | - | €0 | - | €1,417 | €733 | ▼ 48.3% |
| Recurring financial income75 | €0 | €0 | - | €1,417 | €733 | ▼ 48.3% |
| Financial charges65/66B | - | €48 | €93 | €103 | €206 | ▲ 101% |
| Recurring financial charges65 | €30 | €48 | €93 | €103 | €206 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | -€23,351 | -€32,955 | -€28,265 | -€5,583 | -€8,540 | ▼ 53.0% |
| Income taxes67/77 | - | - | - | - | €197 | - |
| Profit (loss) for the period9904 | -€23,351 | -€32,955 | -€28,265 | -€5,583 | -€8,737 | ▼ 56.5% |
| Profit (loss) for the period to be appropriated9905 | -€23,351 | -€32,955 | -€28,265 | -€5,583 | -€8,737 | ▼ 56.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €418,842 | €396,072 | €362,246 | €330,880 | €326,674 | ▼ 1.3% |
| Fixed assets21/28 | €193,254 | €211,151 | €197,542 | €187,862 | €178,838 | ▼ 4.8% |
| Tangible fixed assets22/27 | €192,993 | €211,151 | €197,542 | €187,862 | €178,838 | ▼ 4.8% |
| Land and buildings22 | - | €211,151 | €196,969 | €187,417 | €178,520 | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | €573 | €445 | €318 | ▼ 28.5% |
| Financial fixed assets28 | €261 | €0 | - | - | - | - |
| Current assets29/58 | €225,588 | €184,922 | €164,704 | €143,018 | €147,836 | ▲ 3.4% |
| Stocks and contracts in progress3 | €865 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €8,020 | €4,298 | €26,828 | €2,309 | €4,136 | ▲ 79.1% |
| Trade receivables40 | - | €4,298 | €22,000 | €1,884 | €4,136 | ▲ 120% |
| Other amounts receivable41 | - | €0 | €4,828 | €425 | - | - |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €216,004 | €179,055 | €136,764 | €88,903 | €142,138 | ▲ 59.9% |
| Deferred charges and accrued income490/1 | - | €1,569 | €1,111 | €1,806 | €1,562 | ▼ 13.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €418,842 | €396,072 | €362,246 | €330,880 | €326,674 | ▼ 1.3% |
| Equity10/15 | €416,160 | €153,666 | €125,401 | €114,353 | €105,617 | ▼ 7.6% |
| Contributions10/11 | - | €203,279 | €203,279 | €203,279 | €203,279 | = |
| Reserves13 | €27,135 | €27,021 | €15,483 | €10,018 | €10,018 | = |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €10,018 | €10,018 | €10,018 | €10,018 | = |
| Distributable reserves133 | - | €17,003 | €5,465 | €0 | - | - |
| Profit (loss) carried forward14 | -€43,679 | -€76,634 | -€93,361 | -€98,944 | -€107,680 | ▼ 8.8% |
| Provisions and deferred taxes16 | €36 | €0 | - | - | - | - |
| Deferred taxes168 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €2,646 | €242,406 | €236,845 | €216,527 | €221,058 | ▲ 2.1% |
| Amounts payable within one year42/48 | €2,646 | €242,406 | €236,845 | €214,965 | €217,244 | ▲ 1.1% |
| Trade debts44 | €2,646 | €6,049 | €2,250 | €3,515 | €346 | ▼ 90.2% |
| Suppliers440/4 | - | €6,049 | €2,250 | €3,515 | €346 | ▼ 90.2% |
| Taxes, remuneration and social security45 | - | €3,617 | €30 | €1,433 | €7 | ▼ 99.5% |
| Taxes450/3 | - | €3,617 | €30 | €1,433 | €7 | ▼ 99.5% |
| Other amounts payable47/48 | - | €232,741 | €234,564 | €210,017 | €216,891 | ▲ 3.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,562 | €3,814 | ▲ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,351 | -€32,955 | -€28,265 | -€5,583 | -€8,737 | ▼ 56.5% |
| + Depreciation and write-downs630 | €12,065 | €12,067 | €14,244 | €9,679 | €9,024 | ▼ 6.8% |
| Operating cash flow (approximation) | -€11,286 | -€20,888 | -€14,021 | €4,097 | €288 | ▼ 93.0% |
| Investment in fixed assets (approximation) | - | -€29,963 | -€636 | €0 | €0 | - |
| Change in cash | - | -€36,949 | -€42,290 | -€47,861 | €53,235 | ▲ 211% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€32,955
Net result drops to -€32,955, the lowest in the series; recovery starts the following year.
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
30-06
Financial
Liquidity triplescurrent ratio 301.58
Current ratio from 91.36 to 301.58; short-term debt falls from €2,585 to €779.
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
07-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 1990
Ground area
104 m²
Building footprint
104 m²
Volume, LiDAR
352 m³
Parcel 34029B0079/00L000, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DE WULFDAM
since 19902.047.112.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029B0079/00L000 | Flanders | 104 m² | 1 · 104 m² | 4.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,040 companies in sector 68203 we hold annual accounts for 6,007. 3,821 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-12-1989
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439166708
Also
9925:BE0439166708
Registered
17-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.