FOUR WHEELS
ActiveSummary
The computed 12-month bankruptcy probability of FOUR WHEELS is 1.8% (moderate). The 2024 annual accounts show equity of €3k and a net result of €-2k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 6720 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-94
Solvency49▼-16
Growth70▼-3
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.03 against 1.63 in 2023; short-term debt: 75.9% and cash: 34.6% of total assets), and 75.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
24.1%
Return on assets
-12.3%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
69 d late
2022
11 d late
2021
107 d late
2020
125 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€65k▼ 5.9%
2023 · €69k
EBIT margin
-2.4%▼ 16.7pp
2023 · 14.3%
Net result
€-2k
2023 · €9k
Working capital
€273▼ 94.1%
2023 · €5k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€23k▼ 56.3%€43k▲ 91.5%€84k▲ 95.1%€69k▼ 17.6%€65k▼ 5.9%
Operating result€-9k▼ 120%€1k€28k▲ 2,409%€10k▼ 64.0%€-2k
Net result€-9k▼ 112%€904€27k▲ 2,936%€9k▼ 68.7%€-2k
EBIT margin-39.3%▼ 31.5pp2.5%▲ 41.9pp32.7%▲ 30.2pp14.3%▼ 18.4pp-2.4%▼ 16.7pp
Equity€-32k▼ 41.7%€-31k▲ 2.8%€-4k▲ 88.1%€5k€3k▼ 33.7%
Total assets€5k▼ 40.3%€7k▲ 33.9%€18k▲ 145%€12k▼ 30.2%€13k▲ 9.0%
Debt€37k▲ 18.4%€38k▲ 2.4%€21k▼ 44.5%€7k▼ 65.3%€10k▲ 37.1%
Working capital€-2k▲ 7.2%€-865▲ 53.9%€10k€5k▼ 52.3%€273▼ 94.1%
Staff (FTE)0.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €10k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13k
Fixed assets
€3k ▲ 1,327%
Current assets
€10k ▼ 13.6%
Equity and liabilities €13k
Equity
€3k ▼ 33.7%
Debt
€10k ▲ 37.1%
Debt's share of the balance-sheet total rises from 60.3% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k
Cash flow
€-1k
Current ratio
1.03▼
2023 · 1.63
Debt to equity
3.14▲
2023 · 1.52
ROE
-50.8%▼
2023 · 176.5%
ROA
-12.3%▼
2023 · 70.1%
Interest coverage
-21.05
Debt ≤ 1 year
€10k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €23k | €43k | €84k | €69k | €65k | ▼ 5.9% |
| Goods, raw materials, services and sundry goods60/61 | - | €32k | €55k | €56k | €65k | ▲ 17.6% |
| Remuneration, social security and pensions62 | - | €8k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | - | - | - | €340 | - |
| Other operating charges640/8 | - | €1k | €2k | €4k | €1k | ▼ 67.4% |
| Gross operating margin9900 | €-4k | €11k | €30k | €14k | €64 | ▼ 99.5% |
| Operating profit (loss)9901 | €-9k | €1k | €28k | €10k | €-2k | ▼ 116% |
| Financial income75/76B | - | €9 | - | €1 | €0 | ▼ 98.4% |
| Recurring financial income75 | - | €9 | - | €1 | €0 | ▼ 98.4% |
| Financial charges65/66B | - | €205 | €160 | €1k | €59 | ▼ 95.7% |
| Recurring financial charges65 | €551 | €205 | €160 | €1k | €59 | ▼ 95.7% |
| Profit (loss) for the period before taxes9903 | €-9k | €904 | €27k | €9k | €-2k | ▼ 119% |
| Profit (loss) for the period9904 | €-9k | €904 | €27k | €9k | €-2k | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €904 | €27k | €9k | €-2k | ▼ 119% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5k | €7k | €18k | €12k | €13k | ▲ 9.0% |
| Fixed assets21/28 | €207 | €207 | €207 | €207 | €3k | ▲ 1,327% |
| Tangible fixed assets22/27 | - | - | - | - | €3k | - |
| Furniture and vehicles24 | - | - | - | - | €3k | - |
| Financial fixed assets28 | €207 | €207 | €207 | €207 | €207 | = |
| Current assets29/58 | €5k | €7k | €17k | €12k | €10k | ▼ 13.6% |
| Amounts receivable within one year40/41 | €5k | €4k | €11k | €9k | €4k | ▼ 48.9% |
| Trade receivables40 | - | €4k | €11k | €6k | €37 | ▼ 99.4% |
| Other amounts receivable41 | - | - | - | €2k | €4k | ▲ 91.4% |
| Cash at bank and in hand54/58 | €413 | €2k | €6k | €3k | €5k | ▲ 47.1% |
| Deferred charges and accrued income490/1 | - | €154 | €414 | €164 | €1k | ▲ 699% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5k | €7k | €18k | €12k | €13k | ▲ 9.0% |
| Equity10/15 | €-32k | €-31k | €-4k | €5k | €3k | ▼ 33.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €618 | €618 | €618 | €618 | €618 | = |
| Non-distributable reserves130/1 | - | €618 | €618 | €618 | €618 | = |
| Reserves not available under the articles1311 | - | €618 | €618 | €618 | €618 | = |
| Profit (loss) carried forward14 | €-51k | €-50k | €-23k | €-14k | €-16k | ▼ 11.4% |
| Amounts payable17/49 | €37k | €38k | €21k | €7k | €10k | ▲ 37.1% |
| Amounts payable after more than one year17 | €30k | €31k | €14k | - | - | - |
| Other amounts payable178/9 | - | €31k | €14k | - | - | - |
| Amounts payable within one year42/48 | €7k | €8k | €8k | €7k | €10k | ▲ 37.1% |
| Trade debts44 | €4k | €7k | €6k | €7k | €10k | ▲ 37.1% |
| Suppliers440/4 | - | €7k | €6k | €7k | €10k | ▲ 37.1% |
| Taxes, remuneration and social security45 | - | €1k | €1k | - | - | - |
| Taxes450/3 | - | €588 | €1k | - | - | - |
| Remuneration and social security454/9 | - | €675 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €904 | €27k | €9k | €-2k | ▼ 119% |
| + Depreciation and write-downs630 | €4k | - | - | - | €340 | - |
| Operating cash flow (approximation) | €-6k | €904 | €27k | €9k | €-1k | ▼ 115% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-3k | - |
| Change in cash | - | €2k | €3k | €-2k | €1k | ▲ 161% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Highest result since 2018net €27k ▲2,936%
Operating result €28k, net result €27k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.29
Current ratio from 0.89 to 2.29; short-term debt falls from €8k to €8k.
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
31-12
Financial
Back to profitnet €904
Net result €904 after 3 loss-making years.
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Dendermonde · 1 establishment unit since 2009
Ground area
136 m²
Building footprint
73 m²
Volume, LiDAR
571 m³
Parcel 42006E0177/00K000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FOUR WHEELS
since 20092.181.660.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42006E0177/00K000 | Flanders | 136 m² | 1 · 73 m² | 10.3 m · 3 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 6,683 companies in sector 49330 we hold annual accounts for 2,292. 1,437 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)
Founded05-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
47252Retail sale of beverages, general range
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.