W.D. DIFFUSION
ActiveSummary
W.D. DIFFUSION has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €410k and a net result of €-7k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 42% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+39
Solvency62▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.02 in 2024; short-term debt: 43.4% and cash: 1.5% of total assets), and 63.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Wholesale trade (NACE 46)
about 21% 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
36.5%
Return on assets
-0.6%
Age of the figures
19 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 €-7k
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 30-09-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
11 d late
2023
25 d late
2022
19 d late
2021
27 d late
2020
60 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€410k▼ 1.6%
2024 · €417k
2019: €407klowest in 7 years
2020: €466k▲ +14.4% vs 2019
2021: €511k▲ +9.8% vs 2020
2022: €569k▲ +11.2% vs 2021highest in 7 years
2023: €555k▼ -2.4% vs 2022
2024: €417k▼ -24.9% vs 2023
2025: €410k▼ -1.6% vs 2024
2019 → 2025
Total assets
€1.12M▼ 9.9%
2024 · €1.25M
2019: €979klowest in 7 years
2020: €1.02M▲ +4.6% vs 2019
2021: €1.08M▲ +5.2% vs 2020
2022: €1.12M▲ +4.3% vs 2021
2023: €1.32M▲ +17.6% vs 2022highest in 7 years
2024: €1.25M▼ -5.7% vs 2023
2025: €1.12M▼ -9.9% vs 2024
2019 → 2025
Net result
€-7k▲ 95.3%
2024 · €-138k
2019: €-17k
2020: €59k▲ +444% vs 2019highest in 7 years
2021: €56k▼ -5.0% vs 2020
2022: €57k▲ +2.7% vs 2021
2023: €-13k▼ -123% vs 2022
2024: €-138k▼ -931% vs 2023lowest in 7 years
2025: €-7k▲ +95.3% vs 2024
2019 → 2025
Working capital
€30k▲ 132%
2024 · €13k
2019: €132k
2020: €147k▲ +11.7% vs 2019
2021: €166k▲ +12.7% vs 2020
2022: €208k▲ +25.0% vs 2021highest in 7 years
2023: €118k▼ -43.1% vs 2022
2024: €13k▼ -89.1% vs 2023lowest in 7 years
2025: €30k▲ +132% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€511k-€569k▲ 11.2%€555k▼ 2.4%€417k▼ 24.9%€410k▼ 1.6%
2021: €511k
2022: €569k▲ +11.2% vs 2021highest in 5 years
2023: €555k▼ -2.4% vs 2022
2024: €417k▼ -24.9% vs 2023
2025: €410k▼ -1.6% vs 2024lowest in 5 years
Operating result€87k-€95k▲ 9.2%€17k▼ 82.1%€-108k€14k
2021: €87k
2022: €95k▲ +9.2% vs 2021highest in 5 years
2023: €17k▼ -82.1% vs 2022
2024: €-108k▼ -735% vs 2023lowest in 5 years
2025: €14k▲ +113% vs 2024
Net result€56k-€57k▲ 2.7%€-13k€-138k▼ 931%€-7k▲ 95.3%
2021: €56k
2022: €57k▲ +2.7% vs 2021highest in 5 years
2023: €-13k▼ -123% vs 2022
2024: €-138k▼ -931% vs 2023lowest in 5 years
2025: €-7k▲ +95.3% vs 2024
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: €14k after a loss of €108k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€606k ▼ 14.3%
Current assets
€517k ▼ 4.0%
Equity and liabilities €1.12M
Equity
€410k ▼ 1.6%
Debt
€713k ▼ 14.0%
Debt's share of the balance-sheet total falls from 66.6% to 63.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€113k▲
2024 · €2k
Cash flow
€92k▲
2024 · €-28k
Current ratio
1.06▲
2024 · 1.02
Quick ratio
0.55▲
2024 · 0.40
Debt to equity
1.74▼
2024 · 1.99
ROE
-1.6%▲
2024 · -33.2%
ROA
-0.6%▲
2024 · -11.1%
Interest coverage
3.07▲
2024 · 0.06
Debt ≤ 1 year
€487k▼
2024 · €526k
Debt > 1 year
€226k▼
2024 · €303k
Income taxes
€-171▼
2024 · €1k
Staff costs
€247k▼
2024 · €253k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.12M▼
Fixed assets21/28€707k€606k▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€704k€604k▼
Land and buildings22€533k€484k▼
Plant, machinery and equipment23€20k€12k▼
Furniture and vehicles24€37k€30k▼
Leasing and similar rights25€17k€6k▼
Other tangible fixed assets26€97k€72k▼
Financial fixed assets28€1k€1k=
Current assets29/58€539k€517k▼
Stocks and contracts in progress3€327k€249k▼
Stocks30/36€327k€249k▼
Amounts receivable within one year40/41€187k€243k▲
Trade receivables40€173k€226k▲
Other amounts receivable41€14k€17k▲
Cash at bank and in hand54/58€17k€16k▼
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.12M▼
Equity10/15€417k€410k▼
Contributions10/11€99k€99k=
Capital10€99k€99k=
Issued capital100€99k€99k=
Reserves13€119k€119k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€106k€106k=
Profit (loss) carried forward14€199k€192k▼
Amounts payable17/49€829k€713k▼
Amounts payable after more than one year17€303k€226k▼
Financial debts170/4€303k€226k▼
Amounts payable within one year42/48€526k€487k▼
Current portion of amounts payable after more than one year42€82k€77k▼
Financial debts43€279k€261k▼
Credit institutions430/8€279k€261k▼
Trade debts44€70k€61k▼
Suppliers440/4€70k€61k▼
Taxes, remuneration and social security45€54k€57k▲
Taxes450/3€17k€28k▲
Remuneration and social security454/9€37k€29k▼
Other amounts payable47/48€41k€32k▼
Income statement
Code20242025
Non-recurring operating income76A-€158k
Remuneration, social security and pensions62€253k€247k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€99k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-28k-
Other operating charges640/8€12k€12k▼
Gross operating margin9900€240k€372k▲
Operating profit (loss)9901€-108k€14k▲
Financial income75/76B€6k€16k▲
Recurring financial income75€6k€16k▲
Financial charges65/66B€35k€37k▲
Recurring financial charges65€35k€37k▲
Profit (loss) for the period before taxes9903€-137k€-7k▲
Income taxes67/77€1k€-171▼
Profit (loss) for the period9904€-138k€-7k▲
Profit (loss) for the period to be appropriated9905€-138k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€199k€192k▼
Profit (loss) brought forward from the previous period14P€337k€199k▼
Social balance
Average headcount (FTE)90875.95.8▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €158k | - |
| Remuneration, social security and pensions62 | - | €204k | €221k | €253k | €247k | ▼ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89k | €102k | €112k | €110k | €99k | ▼ 10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €33k | €-5k | €-28k | - | - |
| Other operating charges640/8 | - | €10k | €26k | €12k | €12k | ▼ 1.8% |
| Gross operating margin9900 | €369k | €444k | €370k | €240k | €372k | ▲ 55.1% |
| Operating profit (loss)9901 | €87k | €95k | €17k | €-108k | €14k | ▲ 113% |
| Financial income75/76B | - | €3k | €3k | €6k | €16k | ▲ 156% |
| Recurring financial income75 | €7k | €3k | €3k | €6k | €16k | ▲ 156% |
| Financial charges65/66B | - | €26k | €31k | €35k | €37k | ▲ 4.5% |
| Recurring financial charges65 | €25k | €26k | €31k | €35k | €37k | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €69k | €73k | €-11k | €-137k | €-7k | ▲ 95.1% |
| Income taxes67/77 | €13k | €16k | €2k | €1k | €-171 | ▼ 117% |
| Profit (loss) for the period9904 | €56k | €57k | €-13k | €-138k | €-7k | ▲ 95.3% |
| Profit (loss) for the period to be appropriated9905 | €56k | €57k | €-13k | €-138k | €-7k | ▲ 95.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.08M | €1.12M | €1.32M | €1.25M | €1.12M | ▼ 9.9% |
| Fixed assets21/28 | €500k | €483k | €769k | €707k | €606k | ▼ 14.3% |
| Intangible fixed assets21 | €6k | €9k | €4k | €1k | - | - |
| Tangible fixed assets22/27 | €492k | €473k | €764k | €704k | €604k | ▼ 14.2% |
| Land and buildings22 | - | €355k | €580k | €533k | €484k | ▼ 9.2% |
| Plant, machinery and equipment23 | - | €24k | €28k | €20k | €12k | ▼ 37.3% |
| Furniture and vehicles24 | - | €36k | €36k | €37k | €30k | ▼ 19.7% |
| Leasing and similar rights25 | - | €39k | €28k | €17k | €6k | ▼ 62.9% |
| Other tangible fixed assets26 | - | €20k | €92k | €97k | €72k | ▼ 25.8% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €577k | €640k | €553k | €539k | €517k | ▼ 4.0% |
| Stocks and contracts in progress3 | €327k | €305k | €286k | €327k | €249k | ▼ 23.8% |
| Stocks30/36 | - | €305k | €286k | €327k | €249k | ▼ 23.8% |
| Amounts receivable within one year40/41 | €188k | €154k | €186k | €187k | €243k | ▲ 30.1% |
| Trade receivables40 | - | €134k | €161k | €173k | €226k | ▲ 30.7% |
| Other amounts receivable41 | - | €20k | €25k | €14k | €17k | ▲ 22.9% |
| Cash at bank and in hand54/58 | €52k | €175k | €69k | €17k | €16k | ▼ 2.9% |
| Deferred charges and accrued income490/1 | - | €6k | €12k | €8k | €9k | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.08M | €1.12M | €1.32M | €1.25M | €1.12M | ▼ 9.9% |
| Equity10/15 | €511k | €569k | €555k | €417k | €410k | ▼ 1.6% |
| Contributions10/11 | €99k | €99k | €99k | €99k | €99k | = |
| Capital10 | - | €99k | €99k | €99k | €99k | = |
| Issued capital100 | - | €99k | €99k | €99k | €99k | = |
| Reserves13 | €119k | €119k | €119k | €119k | €119k | = |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | €10k | = |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €106k | €106k | €106k | €106k | = |
| Profit (loss) carried forward14 | €293k | €350k | €337k | €199k | €192k | ▼ 3.3% |
| Provisions and deferred taxes16 | €759 | €759 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €759 | - | - | - | - |
| Other liabilities and charges164/5 | - | €759 | - | - | - | - |
| Amounts payable17/49 | €565k | €554k | €767k | €829k | €713k | ▼ 14.0% |
| Amounts payable after more than one year17 | €154k | €122k | €332k | €303k | €226k | ▼ 25.6% |
| Financial debts170/4 | - | €122k | €332k | €303k | €226k | ▼ 25.6% |
| Amounts payable within one year42/48 | €411k | €433k | €434k | €526k | €487k | ▼ 7.4% |
| Current portion of amounts payable after more than one year42 | - | €64k | €79k | €82k | €77k | ▼ 6.4% |
| Financial debts43 | - | €150k | €151k | €279k | €261k | ▼ 6.7% |
| Credit institutions430/8 | - | €150k | €151k | €279k | €261k | ▼ 6.7% |
| Trade debts44 | €70k | €99k | €87k | €70k | €61k | ▼ 13.2% |
| Suppliers440/4 | - | €99k | €87k | €70k | €61k | ▼ 13.2% |
| Taxes, remuneration and social security45 | - | €54k | €52k | €54k | €57k | ▲ 5.9% |
| Taxes450/3 | - | €33k | €29k | €17k | €28k | ▲ 69.0% |
| Remuneration and social security454/9 | - | €21k | €23k | €37k | €29k | ▼ 22.5% |
| Other amounts payable47/48 | - | €64k | €65k | €41k | €32k | ▼ 21.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €57k | €-13k | €-138k | €-7k | ▲ 95.3% |
| + Depreciation and write-downs630 | €89k | €102k | €112k | €110k | €99k | ▼ 10.2% |
| Operating cash flow (approximation) | €144k | €159k | €98k | €-28k | €92k | ▲ 428% |
| Investment in fixed assets (approximation) | - | €-85k | €-398k | €-48k | €2k | ▲ 105% |
| Change in cash | - | €122k | €-106k | €-52k | €-492 | ▲ 99.1% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
29-02
Financial
Weakest financial yearnet €-138k
Net result drops to €-138k, the lowest in the series; recovery starts the following year.
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 25 days late
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 19 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
28-02
Financial
Equity above €500kEq €511k ▲9.8%
2 profitable years in a row build equity to €511k.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
28-02
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 10 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Wervik · 1 establishment unit since 1982
Ground area
2,853 m²
Building footprint
1,463 m²
Volume, LiDAR
6,782 m³
2 parcels, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Beselarestraat 52, 8940 Wervik
since 19822.121.214.509
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029A0611/00D004 | Flanders | 2,536 m² | 1 · 1,319 m² | 15.2 m · 1 fl. |
| 33009C0957/00D013 | Flanders | 317 m² | 1 · 144 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 8,603 EUR awarded · 8,603 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 3,603 EUR |
| 2024 | 1 | 3,603 EUR | 0 EUR |
| 2023 | 1 | 5,000 EUR | 5,000 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 1,306 companies in sector 46423 we hold annual accounts for 809. 542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-06-1982
Fiscal year end28-02
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
3 convocationsOrdinary general meeting
1. Verslag Raad van Bestuur 2. Goedkeuring jaarrekening per 28/02/2021 3. Bestemming van het resultaat 4. Kwijting aan de bestuurders 5. Allerlei
Ordinary general meeting
Agenda
1. Verslag Raad van Bestuur. 2. Goedkeuring jaarrekening per 28/02/2018. 3. Bestemming van het resultaat. 4. Kwijting aan de bestuurders. 5. Herbenoeming van de Bestuurders. 6. Allerlei.
Ordinary general meeting
1. Verslag raad van bestuur. 2. Goedkeuring jaarrekening per 28/02/2015. 3. Bestemming van het resultaat. 4. Kwijting aan de bestuurders. 5. Allerlei.