W & D
ActiveSummary
The computed 12-month bankruptcy probability of W & D is 2.9% (moderate). The 2025 annual accounts show negative equity (-€12,611) and a net result of -€10,182. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 13560 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency2▼-17
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.64 in 2024; short-term debt: 101.1% and cash: 18.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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 2025Solvency, return and age of the figures
Solvency
-23.1%
Return on assets
-18.6%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€12,611
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
16 d early
2023
5 d early
2022
57 d late
2021
30 d late
2020
61 d late
2019
82 d late
← 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 34 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€12,611▼ 419%
2024 · -€2,428
Total assets
€54,709▲ 30.1%
2024 · €42,044
Net result
-€10,182
2024 · €16,765
Working capital
-€26,724▼ 69.9%
2024 · -€15,725
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,831-€38,202€17,148€20,136▲ 17.4%-€7,885
Net result€18,876within the sector's middle half-€44,969below the sector's middle half€9,662within the sector's middle half€16,765within the sector's middle half▲ 73.5%-€10,182below the sector's middle half
Equity€3,714below the sector's middle half-€41,256below the sector's middle half-€19,193below the sector's middle half▲ 53.5%-€2,428within the sector's middle half▲ 87.3%-€12,611below the sector's middle half▼ 419%
Total assets€80,416below the sector's middle half▲ 34.3%€63,527below the sector's middle half▼ 21.0%€41,526below the sector's middle half▼ 34.6%€42,044below the sector's middle half▲ 1.2%€54,709within the sector's middle half▲ 30.1%
Debt€76,703▲ 2.2%€104,783▲ 36.6%€60,719▼ 42.1%€44,472▼ 26.8%€67,320▲ 51.4%
Working capital-€21,450▲ 49.7%-€61,640▼ 187%-€34,666▲ 43.8%-€15,725▲ 54.6%-€26,724▼ 69.9%
Solvency4.6%below the sector's middle half▲ 29.9pp-64.9%below the sector's middle half▼ 69.6pp-46.2%below the sector's middle half▲ 18.7pp-5.8%below the sector's middle half▲ 40.4pp-23.1%below the sector's middle half▼ 17.3pp
Staff (FTE)2.6below the sector's middle half▲ 8.3%2.2below the sector's middle half▼ 15.4%7.3▲ 232%9.9▲ 35.6%9.6▼ 3.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Staff (FTE) +232% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,885 after €20,136 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,709
Fixed assets
€26,113 ▲ 93.2%
Current assets
€28,596 ▲ 0.2%
Key figures and ratios
EBITDA
-€808▼
2024 · €24,100
Cash flow
-€3,105▼
2024 · €20,730
Current ratio
0.52▼
2024 · 0.64
Quick ratio
0.38▼
2024 · 0.53
Debt to equity
-5.34▲
2024 · -18.32
ROA
-18.6%▼
2024 · 39.9%
Interest coverage
-0.49▼
2024 · 7.58
Debt ≤ 1 year
€55,320▲
2024 · €44,251
Debt > 1 year
€12,000
Income taxes
€808▲
2024 · €199
Staff costs
€57,734▲
2024 · €40,403
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,035 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 | - | €692 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €47,625 | €64,085 | €59,941 | €40,403 | €57,734 | ▲ 42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,062 | €5,256 | €4,677 | €3,965 | €7,077 | ▲ 78.5% |
| Other operating charges640/8 | €1,963 | €2,539 | €3,158 | €4,755 | €5,673 | ▲ 19.3% |
| Gross operating margin9900 | €78,482 | €33,677 | €84,924 | €69,258 | €62,599 | ▼ 9.6% |
| Operating profit (loss)9901 | €23,831 | -€38,202 | €17,148 | €20,136 | -€7,885 | ▼ 139% |
| Financial income75/76B | €1 | €578 | €265 | €8 | €168 | ▲ 2,054% |
| Recurring financial income75 | €1 | €578 | €265 | €8 | €168 | ▲ 2,054% |
| Financial charges65/66B | €4,456 | €6,845 | €7,543 | €3,179 | €1,657 | ▼ 47.9% |
| Recurring financial charges65 | €4,456 | €6,845 | €7,543 | €3,179 | €1,657 | ▼ 47.9% |
| Profit (loss) for the period before taxes9903 | €19,376 | -€44,470 | €9,870 | €16,965 | -€9,374 | ▼ 155% |
| Income taxes67/77 | €501 | €499 | €208 | €199 | €808 | ▲ 305% |
| Profit (loss) for the period9904 | €18,876 | -€44,969 | €9,662 | €16,765 | -€10,182 | ▼ 161% |
| Profit (loss) for the period to be appropriated9905 | €18,876 | -€44,969 | €9,662 | €16,765 | -€10,182 | ▼ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80,416 | €63,527 | €41,526 | €42,044 | €54,709 | ▲ 30.1% |
| Fixed assets21/28 | €25,781 | €22,159 | €17,483 | €13,518 | €26,113 | ▲ 93.2% |
| Intangible fixed assets21 | €1,800 | €600 | €0 | - | - | - |
| Tangible fixed assets22/27 | €23,981 | €21,559 | €17,483 | €13,518 | €26,113 | ▲ 93.2% |
| Plant, machinery and equipment23 | €21,969 | €19,857 | €16,090 | €12,435 | €8,780 | ▼ 29.4% |
| Furniture and vehicles24 | - | - | - | - | €16,560 | - |
| Other tangible fixed assets26 | €2,012 | €1,702 | €1,392 | €1,083 | €773 | ▼ 28.6% |
| Current assets29/58 | €54,635 | €41,368 | €24,043 | €28,526 | €28,596 | ▲ 0.2% |
| Stocks and contracts in progress3 | €10,684 | €9,124 | €6,316 | €5,284 | €7,680 | ▲ 45.3% |
| Stocks30/36 | €10,684 | €9,124 | €6,316 | €5,284 | €7,680 | ▲ 45.3% |
| Amounts receivable within one year40/41 | €7,881 | €17,117 | €5,411 | €7,035 | €9,588 | ▲ 36.3% |
| Trade receivables40 | €4,434 | €12,234 | €262 | €0 | €2,559 | - |
| Other amounts receivable41 | €3,446 | €4,884 | €5,149 | €7,035 | €7,029 | ▼ 0.1% |
| Cash at bank and in hand54/58 | €35,401 | €14,224 | €9,804 | €13,353 | €10,275 | ▼ 23.0% |
| Deferred charges and accrued income490/1 | €670 | €903 | €2,512 | €2,854 | €1,052 | ▼ 63.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80,416 | €63,527 | €41,526 | €42,044 | €54,709 | ▲ 30.1% |
| Equity10/15 | €3,714 | -€41,256 | -€19,193 | -€2,428 | -€12,611 | ▼ 419% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€2,486 | -€47,456 | -€37,793 | -€21,028 | -€31,211 | ▼ 48.4% |
| Amounts payable17/49 | €76,703 | €104,783 | €60,719 | €44,472 | €67,320 | ▲ 51.4% |
| Amounts payable after more than one year17 | €305 | - | - | - | €12,000 | - |
| Financial debts170/4 | €305 | - | - | - | €12,000 | - |
| Amounts payable within one year42/48 | €76,085 | €103,008 | €58,709 | €44,251 | €55,320 | ▲ 25.0% |
| Current portion of amounts payable after more than one year42 | €11,978 | €305 | €0 | - | - | - |
| Trade debts44 | €21,351 | €49,196 | €22,029 | €9,113 | €13,570 | ▲ 48.9% |
| Suppliers440/4 | €21,351 | €49,196 | €22,029 | €9,113 | €13,570 | ▲ 48.9% |
| Advances received on contracts in progress46 | €630 | €138 | €0 | €670 | €920 | ▲ 37.3% |
| Taxes, remuneration and social security45 | €42,127 | €44,213 | €25,570 | €15,722 | €15,420 | ▼ 1.9% |
| Taxes450/3 | €19,125 | €14,016 | €6,585 | €4,039 | €4,226 | ▲ 4.6% |
| Remuneration and social security454/9 | €23,002 | €30,197 | €18,984 | €11,683 | €11,195 | ▼ 4.2% |
| Other amounts payable47/48 | - | €9,157 | €11,111 | €18,747 | €25,410 | ▲ 35.5% |
| Accrued charges and deferred income492/3 | €312 | €1,775 | €2,010 | €221 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,876 | -€44,969 | €9,662 | €16,765 | -€10,182 | ▼ 161% |
| + Depreciation and write-downs630 | €5,062 | €5,256 | €4,677 | €3,965 | €7,077 | ▲ 78.5% |
| Operating cash flow (approximation) | €23,938 | -€39,713 | €14,339 | €20,730 | -€3,105 | ▼ 115% |
| Investment in fixed assets (approximation) | - | -€1,635 | €0 | €0 | -€19,673 | - |
| Change in cash | - | -€21,178 | -€4,419 | €3,549 | -€3,078 | ▼ 187% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,662
Net result €9,662 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 57 days late
2022
31-12
Financial
Weakest financial yearnet -€44,969
Net result drops to -€44,969, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €18,876
Net result €18,876 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 82 days late
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, Riemst · 1 establishment unit since 2018
Ground area
1,027 m²
Building footprint
388 m²
Parcel 73095A0140/00S003, Flanders. Linked by address, not a title deed.
1 establishment unit
Poco Piu
since 20182.277.268.208
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73095A0140/00S003 | Flanders | 1,027 m² | 1 · 388 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRiemst2.277.268.208
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. 4,229 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
Founded03-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699574094
Also
9925:BE0699574094
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.