Losses
-€202,458 in four years
Every financial year from 2023 to 2026 closed with a loss. 2024 was the heaviest.
W.D. DIFFUSION
Lifetime
18 annual accounts with figures on one time axis, 44 filings since 1982peak €443,962 (2022)
€292,887▼ 21.3%
lowest -€138,424 (2024)
-€44,058▼ €37,516
peak €568,562 (2022)
€366,104▼ 10.7%
€642,350▼ 9.9%
peak 12.5 FTE (2009)
5 FTE▼ 13.8%
Board5 names since 2018
4 directorsPascalDepoortere and 3 others
Documentsfilings and deeds
13-10-202613 days late
2026financial year
Gross margin from €372,000 to €292,887Loss of €44,058Staff from 5.8 FTE to 5 FTE
Key points
from the 2026 annual accountsChecked score
84
Excellent
Financially stronger than 31% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025
10-2025: 1.5%▲ +0.4 percentage points vs 09-2025highest value
11-2025: 0.3%▼ -1.2 percentage points vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.3%● unchanged vs 03-2026lowest value
05-2026: 0.3%● unchanged vs 04-2026lowest value
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.3%▼ -0.2 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €44,058, the second in a row (financial year 2026)
Liquidity: current ratio 0.99, cash €17,335
lowers risk
Founded in 1982
Figures for financial year 2026 (filed on 15-10-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 45% of them on solvency, 26% on liquidity, 27% on profitability and 25% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 28-02-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as W.D. DIFFUSION has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of W.D. DIFFUSION itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for W.D. DIFFUSION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.99 (1.06 in 2025), below 1. Short-term debt is 48% and cash 1.7% of total assets. 63.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€44,058
raises risk · 2026 accounts filed 13 days late
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 13-10-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2026
13 days late
2025
on the day
2024
11 days late
2023
25 days late
2022
19 days late
2021
27 days late
2020
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today. The company usually files around 13 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today28-02-2027 year end30-09-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0422820723
1 director appointed, 2 reappointments
Reappointments: Pascal Depoortere and Maxime Depoortere · Appointment: Pascal Depoortere (managing director) · General meeting of 14-09-2024 · Gazette deed
2 directors appointed, 2 reappointments
Reappointments: PascalDepoortere and GisèleChambart · Appointments: PascalDepoortere (managing director) and MaximeDepoortere · General meeting of 01-11-2018 · Gazette deed
First establishment
Beselarestraat 52, Wervik
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| W.D. DIFFUSION Wervik | €1.0m | €292,887 | 36.3% | 5 |
| RIEMENS and PARTNERS Grimbergen | €0.8m | €322,424 | 89.4% | 5.3 |
| AUTRUCHE Bruges | €0.9m | €285,586 | 31.6% | 5.9 |
| A - JONI'S Turnhout | €0.8m | €283,880 | -13.0% | 5 |
| RAYURE Uccle | €0.7m | €341,466 | 55.6% | 4.5 |
| LINEA VERDE Ixelles | €1.2m | €281,619 | 8.1% | 3.1 |
| GREMATEX Beveren-Kruibeke-Zwijndrecht | €1.1m | €611,675 | 83.9% | 5.7 |
These companies have the same main activity as W.D. DIFFUSION: wholesale of clothing, excluding workwear and underwear (NACE 46423). They are comparable in size and age: total assets between €667,000 and €1.2m, founded between 1979 and 1991.
Official details
Source: KBO- Status
- Active since 01-06-1982Normal situation
- Activity
- Wholesale of clothing, excluding workwear and underwearNACE 46423
- Joint committees
- 109Clothing and garment industry
- 215White-collar workers in the clothing and garment industry · annual accounts 28-02-2026
- Establishment unit
- 2.121.214.5098940 Wervik, since 01-01-1982
- Financial year end
- 28 February
- Peppol
- Reachable since 02-01-2026
Annual accounts to 28-02-2026
- ≈ €1.4mestimated
- €1.0m▼ 10.2%
- Employeeson 28-02-2026
- 6▼ 14.3%
- Filing
- Filed on 13-10-2026
Insights on W.D. DIFFUSION
W.D. DIFFUSION has existed since 1982. The gross margin fell from €366,637 in 2009 to €292,887 in 2026 and staff from 12.5 to 5 full-time equivalents.
In November 2024, the Official Gazette published the appointment of Pascal Depoortere as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about W.D. DIFFUSION
- What is the company number of W.D. DIFFUSION?
- The company number of W.D. DIFFUSION is 0422.820.723. The VAT number is the same number with BE in front: BE 0422.820.723.
- Where is W.D. DIFFUSION based?
- The registered office is at Oude Beselarestraat 52, 8940 Wervik.Company details
- What does W.D. DIFFUSION do?
- According to the KBO register, the main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423).
- What is the legal form of W.D. DIFFUSION?
- W.D. DIFFUSION is a public limited company (NV).
- When was W.D. DIFFUSION founded?
- W.D. DIFFUSION was founded on 01-06-1982.
- Is W.D. DIFFUSION still active?
- Yes, W.D. DIFFUSION is an active enterprise in the KBO register.
- How many employees does W.D. DIFFUSION have?
- W.D. DIFFUSION had an average of 5 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does W.D. DIFFUSION fall under?
- In its 28-02-2026 annual accounts, W.D. DIFFUSION states joint committees 109 (Clothing and garment industry) and 215 (White-collar workers in the clothing and garment industry).
- What is the turnover of W.D. DIFFUSION?
- The turnover in financial year 2026 is ≈ €1.4m. This figure is estimated from the gross margin of €292,887 and 36 comparable companies (NACE 464). It probably lies between €1.1m and €2.1m.
- Is W.D. DIFFUSION profitable?
- In financial year 2026, W.D. DIFFUSION made a loss of €44,058.
- Where can I find the annual accounts of W.D. DIFFUSION?
- W.D. DIFFUSION filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of W.D. DIFFUSION due?
- W.D. DIFFUSION must file the annual accounts for financial year 2027 by 30-09-2027.Timeline
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