W+
ActiveSummary
W+ has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€33,743) and a net result of €4,725. Equity is shrinking by about 16% per year across the filed financial years. Its solvency ranks better than 5% of 13,595 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, micro format
Equity
-€33,743▲ 12.3%
2024 · -€38,468
Total assets
€8,718▼ 24.4%
2024 · €11,525
Net result
€4,725
2024 · -€8,326
Working capital
-€39,239▲ 14.2%
2024 · -€45,733
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €5,048 after a loss of €7,986 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,048
2025
Net result€4,725
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8,718
2025
Equity-€33,743
2025
Debt€42,461
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€39,239
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)54.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-387.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.08
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€2,782-€1,838-€10,865€5,018-€11,666-€7,986▲ 31.5%€5,048
Net result-€3,085-€3,995within the sector's middle half-€11,116below the sector's middle half€4,787within the sector's middle half-€11,976below the sector's middle half-€8,326below the sector's middle half▲ 30.5%€4,725within the sector's middle half
Equity-€15,833--€11,837below the sector's middle half▲ 25.2%-€22,953below the sector's middle half▼ 93.9%-€18,166below the sector's middle half▲ 20.9%-€30,142below the sector's middle half▼ 65.9%-€38,468below the sector's middle half▼ 27.6%-€33,743below the sector's middle half▲ 12.3%
Total assets€14,484-€19,375below the sector's middle half▲ 33.8%€6,696below the sector's middle half▼ 65.4%€21,340below the sector's middle half▲ 219%€20,685below the sector's middle half▼ 3.1%€11,525below the sector's middle half▼ 44.3%€8,718below the sector's middle half▼ 24.4%
Debt€30,317-€31,213▲ 3.0%€29,649▼ 5.0%€39,506▲ 33.2%€50,827▲ 28.7%€49,993▼ 1.6%€42,461▼ 15.1%
Working capital-€17,522--€12,915below the sector's middle half▲ 26.3%-€24,950below the sector's middle half▼ 93.2%-€19,371below the sector's middle half▲ 22.4%-€30,914below the sector's middle half▼ 59.6%-€45,733below the sector's middle half▼ 47.9%-€39,239below the sector's middle half▲ 14.2%
Solvency-109.3%--61.1%below the sector's middle half▲ 48.2pp-342.8%below the sector's middle half▼ 281.7pp-85.1%below the sector's middle half▲ 257.7pp-145.7%below the sector's middle half▼ 60.6pp-333.8%below the sector's middle half▼ 188.1pp-387.0%below the sector's middle half▼ 53.3pp
Current ratio0.42-0.59below the sector's middle half▲ 0.160.16below the sector's middle half▼ 0.430.51below the sector's middle half▲ 0.350.39below the sector's middle half▼ 0.120.09below the sector's middle half▼ 0.310.08below the sector's middle half▼ 0.01
Return on assets (ROA)-21.3%-20.6%above the sector's middle half▲ 41.9pp-166.0%below the sector's middle half▼ 186.6pp22.4%above the sector's middle half▲ 188.4pp-57.9%below the sector's middle half▼ 80.3pp-72.2%below the sector's middle half▼ 14.3pp54.2%above the sector's middle half▲ 126.4pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8,718
Fixed assets
€5,496 ▼ 24.3%
Current assets
€3,222 ▼ 24.4%
Equity and liabilities
Equity-€33,743
Debt€42,461
Equity is negative: debt (€42,461) exceeds the balance-sheet total (€8,718).
Key figures and ratios
EBITDA
€6,817▲
2024 · -€7,203
Cash flow
€6,493▲
2024 · -€7,542
Interest coverage
40.52▲
2024 · -43.95
Debt ≤ 1 year
€42,461▼
2024 · €49,993
Income taxes
€156▼
2024 · €176
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €450 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €786 | €612 | €647 | €792 | €434 | €784 | €1,769 | ▲ 126% |
| Other operating charges640/8 | - | - | - | €1,208 | €763 | €868 | €1,497 | ▲ 72.5% |
| Gross operating margin9900 | -€1,180 | €6,362 | -€9,359 | €7,017 | -€10,469 | -€6,335 | €8,314 | - |
| Operating profit (loss)9901 | -€2,782 | €1,838 | -€10,865 | €5,018 | -€11,666 | -€7,986 | €5,048 | - |
| Financial income75/76B | - | - | - | €45 | €6 | €0 | €0 | ▼ 17.4% |
| Recurring financial income75 | - | €0 | €0 | €45 | €6 | €0 | €0 | ▼ 17.4% |
| Financial charges65/66B | - | - | - | €153 | €183 | €164 | €168 | ▲ 2.6% |
| Recurring financial charges65 | €140 | -€3,653 | €105 | €153 | €183 | €164 | €168 | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | -€2,923 | €5,490 | -€10,970 | €4,909 | -€11,843 | -€8,150 | €4,880 | - |
| Income taxes67/77 | €163 | €1,495 | €146 | €122 | €133 | €176 | €156 | ▼ 11.7% |
| Profit (loss) for the period9904 | -€3,085 | €3,995 | -€11,116 | €4,787 | -€11,976 | -€8,326 | €4,725 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,085 | €3,995 | -€11,116 | €4,787 | -€11,976 | -€8,326 | €4,725 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €14,484 | €19,375 | €6,696 | €21,340 | €20,685 | €11,525 | €8,718 | ▼ 24.4% |
| Fixed assets21/28 | €1,689 | €1,078 | €1,997 | €1,205 | €771 | €7,264 | €5,496 | ▼ 24.3% |
| Tangible fixed assets22/27 | €1,689 | €1,078 | €1,997 | €1,205 | €771 | €7,264 | €5,496 | ▼ 24.3% |
| Furniture and vehicles24 | - | - | - | €1,205 | €771 | €7,264 | €5,496 | ▼ 24.3% |
| Current assets29/58 | €12,795 | €18,298 | €4,699 | €20,135 | €19,914 | €4,261 | €3,222 | ▼ 24.4% |
| Amounts receivable within one year40/41 | €3,688 | €373 | €3,044 | €7,807 | €4,132 | €145 | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €2,780 | €4,132 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €5,027 | €0 | €145 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €8,918 | €17,730 | €1,446 | €12,075 | €15,509 | €3,279 | €2,346 | ▼ 28.5% |
| Deferred charges and accrued income490/1 | - | - | - | €252 | €272 | €837 | €877 | ▲ 4.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €14,484 | €19,375 | €6,696 | €21,340 | €20,685 | €11,525 | €8,718 | ▼ 24.4% |
| Equity10/15 | -€15,833 | -€11,837 | -€22,953 | -€18,166 | -€30,142 | -€38,468 | -€33,743 | ▲ 12.3% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€36,284 | -€32,288 | -€43,404 | -€38,617 | -€50,593 | -€58,919 | -€54,194 | ▲ 8.0% |
| Amounts payable17/49 | €30,317 | €31,213 | €29,649 | €39,506 | €50,827 | €49,993 | €42,461 | ▼ 15.1% |
| Amounts payable within one year42/48 | €30,317 | €31,213 | €29,649 | €39,506 | €50,827 | €49,993 | €42,461 | ▼ 15.1% |
| Trade debts44 | €3,030 | €6,774 | €4,475 | €17,885 | €5,890 | €7,005 | €4,747 | ▼ 32.2% |
| Suppliers440/4 | - | - | - | €17,885 | €5,890 | €7,005 | €4,747 | ▼ 32.2% |
| Advances received on contracts in progress46 | - | - | - | - | €5,000 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €753 | €836 | €1,306 | €777 | ▼ 40.5% |
| Taxes450/3 | - | - | - | €753 | €836 | €1,306 | €777 | ▼ 40.5% |
| Other amounts payable47/48 | - | - | - | €20,868 | €39,101 | €41,683 | €36,937 | ▼ 11.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,085 | €3,995 | -€11,116 | €4,787 | -€11,976 | -€8,326 | €4,725 | - |
| + Depreciation and write-downs630 | €786 | €612 | €647 | €792 | €434 | €784 | €1,769 | ▲ 126% |
| Operating cash flow (approximation) | -€2,299 | €4,607 | -€10,469 | €5,579 | -€11,542 | -€7,542 | €6,493 | - |
| Investment in fixed assets (approximation) | - | €0 | -€1,566 | €0 | €0 | -€7,277 | €0 | - |
| Change in cash | - | €8,812 | -€16,284 | €10,629 | €3,434 | -€12,230 | -€933 | ▲ 92.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 20-02-2026 | 2026-00040949 |
| 30-09-2024 | micro format | 26-02-2025 | 2025-00039322 |
| 30-09-2023 | micro format | 15-03-2024 | 2024-00043922 |
| 30-09-2022 | micro format | 23-02-2023 | 2023-00030498 |
| 30-09-2021 | micro format | 11-03-2022 | 2022-07400435 |
| 30-09-2020 | micro format | 25-05-2021 | 2021-15100343 |
| 30-09-2019 | micro format | 27-03-2020 | 2020-07600154 |
| 30-09-2018 | micro format | 02-04-2019 | 2019-09100550 |
| 30-09-2017 | micro format | 30-03-2018 | 2018-08300479 |
| 30-09-2016 | abbreviated format | 20-03-2017 | 2017-07000504 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,152 active companies whose main activity is wholesale of other household goods (NACE 46499), figures are known for 730. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.