THE WOLFPACK TRADITION
ActiveTHE WOLFPACK TRADITION has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-6k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 12% of 7932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▲+9
Solvency27=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.0 against 1.09 in 2024; short-term debt: 95.9% and cash: 18.3% of total assets), and 98.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 €-6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7932 sector peers (2025).
NBB · sector comparisonPosition among 7932 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2024
64 d late
2023
62 d late
2022
24 d late
2021
23 d early
2020
88 d late
2019
88 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€20k▼ 23.6%
2024 · €27k
2019: €25k
2020: €22k
2021: €60k
2022: €89k
2023: €48k
2024: €27k
2019 → 2025
Total assets
€1.26M▲ 9.5%
2024 · €1.15M
2019: €671k
2020: €517k
2021: €685k
2022: €838k
2023: €1.12M
2024: €1.15M
2019 → 2025
Net result
€-6k▲ 70.7%
2024 · €-21k
2019: €19k
2020: €-3k
2021: €38k
2022: €28k
2023: €-40k
2024: €-21k
2019 → 2025
Working capital
€6k▼ 93.3%
2024 · €89k
2019: €-8k
2020: €-6k
2021: €35k
2022: €282k
2023: €189k
2024: €89k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€89k▲ 46.4%€48k▼ 45.6%€27k▼ 44.6%€20k▼ 23.6%
Operating result€41k-€44k▲ 7.7%€-28k€-3k▲ 89.9%€18k
Net result€38k-€28k▼ 27.0%€-40k€-21k▲ 46.8%€-6k▲ 70.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€46k▲ 46.7%
Current assets
€1.21M▲ 8.4%
Equity and liabilities €1.26M
Equity
€20k▼ 23.6%
Debt
€1.24M▲ 10.3%
The debt ratio rises from 97.7% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €3k
Cash flow
€4k▲
2024 · €-16k
Solvency
1.6%▼
2024 · 2.3%
Current ratio
1.00▼
2024 · 1.09
Quick ratio
0.62▼
2024 · 0.71
Debt / equity
60.68▲
2024 · 42.03
ROE
-30.9%▲
2024 · -80.5%
ROA
-0.5%▲
2024 · -1.9%
Interest coverage
1.06▲
2024 · 0.14
Debt
€1.24M▲
2024 · €1.12M
Debt ≤ 1 year
€1.20M▲
2024 · €1.03M
Debt > 1 year
€31k▼
2024 · €93k
Income taxes
€223▲
2024 · €42
Staff costs
€194k▲
2024 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.15M€1.26M▲
Fixed assets21/28€31k€46k▲
Intangible fixed assets21€19k€38k▲
Tangible fixed assets22/27€12k€8k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€20€20=
Current assets29/58€1.12M€1.21M▲
Stocks and contracts in progress3€390k€459k▲
Stocks30/36€390k€459k▲
Amounts receivable within one year40/41€702k€517k▼
Trade receivables40€652k€461k▼
Other amounts receivable41€50k€56k▲
Cash at bank and in hand54/58€23k€230k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.26M▲
Equity10/15€27k€20k▼
Contributions10/11€6k€6k=
Reserves13€20k€14k▼
Distributable reserves133€20k€14k▼
Amounts payable17/49€1.12M€1.24M▲
Amounts payable after more than one year17€93k€31k▼
Financial debts170/4€93k€31k▼
Amounts payable within one year42/48€1.03M€1.20M▲
Current portion of amounts payable after more than one year42€66k€67k▲
Financial debts43€10k-
Credit institutions430/8€10k-
Trade debts44€353k€373k▲
Suppliers440/4€353k€373k▲
Advances received on contracts in progress46€35k-
Taxes, remuneration and social security45€38k€24k▼
Taxes450/3€17k€253▼
Remuneration and social security454/9€21k€23k▲
Other amounts payable47/48€526k€741k▲
Accrued charges and deferred income492/3€582€168▼
Income statement
Code20242025
Remuneration, social security and pensions62€136k€194k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€1k€6k▲
Gross operating margin9900€140k€228k▲
Operating profit (loss)9901€-3k€18k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€20k€26k▲
Recurring financial charges65€20k€26k▲
Profit (loss) for the period before taxes9903€-21k€-6k▲
Income taxes67/77€42€223▲
Profit (loss) for the period9904€-21k€-6k▲
Profit (loss) for the period to be appropriated9905€-21k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-6k▲
Transfer from equity791/2€21k€6k▼
Social balance
Average headcount (FTE)90873.09.1▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 64 days late
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 62 days late
2023
31-12
Financial
Weakest financial yearnet €-40k ▼244%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brugge · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ter Doeststraat 48380 BruggeGround area
4,248 m²
Building footprint
1,291 m²
Volume, LiDAR
8,410 m³
2 parcels, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THE WOLFPACK TRADITION
since 20192.285.887.944
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31016C0032/00L000 | Flanders | 3,234 m² | 1 · 766 m² | 13.2 m · 2 fl. |
| 31016D0710/00V003 | Flanders | 1,013 m² | 1 · 525 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.285.887.944
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Of 1,580 companies in sector 46349 we hold annual accounts for 986. 464 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2019
Fiscal year end31-12
Activities, NACEBEL
46349Wholesale of beverages, general range
47279Other retail sale of food
47299Retail trade
46341Wholesale of wines and spirits
46370Wholesale trade
46389Wholesale of other food products
46392Non-specialised wholesale
46471Wholesale trade
46472Wholesale trade
46650Wholesale trade
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
47551Retail sale of household furniture
47553Retail trade
47559Retail sale of other household articles
47591Retail trade
47593Retail trade
47599Retail trade
64200Holdings
64210Activities of holding companies
64999Other financial services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
66300Activities auxiliary to financial services and insurance activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@terdoest.be
Phone:050544082