Summary
W FORCES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €293,178 and a net result of €86,649. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 2460 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
97 d early
2023
33 d early
2022
4 d late
2021
75 d early
2020
10 d late
2019
19 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 25 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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
€293,178▲ 42.0%
2024 · €206,528
Net result
€86,649▲ 133%
2024 · €37,140
Total assets
€1.3m▼ 4.4%
2024 · €1.3m
Solvency
23.3%▲ 7.6pp
2024 · 15.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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€45,648▼ 18.2%€6,071▼ 86.7%€79,503▲ 1,210%€110,387▲ 38.8%€236,302▲ 114%
Net result€29,832within the sector's middle half▼ 23.2%-€1,486below the sector's middle half€49,220within the sector's middle half€37,140within the sector's middle half▼ 24.5%€86,649above the sector's middle half▲ 133%
Equity€121,654within the sector's middle half▲ 32.5%€120,168within the sector's middle half▼ 1.2%€169,388within the sector's middle half▲ 41.0%€206,528within the sector's middle half▲ 21.9%€293,178within the sector's middle half▲ 42.0%
Total assets€311,753within the sector's middle half▲ 30.9%€640,463within the sector's middle half▲ 105%€564,018within the sector's middle half▼ 11.9%€1.3mabove the sector's middle half▲ 133%€1.3mabove the sector's middle half▼ 4.4%
Debt€190,099▲ 29.9%€520,295▲ 174%€394,630▼ 24.2%€1.1m▲ 181%€965,038▼ 13.0%
Working capital€33,468▲ 65.9%-€53,508-€10,498▲ 80.4%-€131,591▼ 1,153%-€56,884▲ 56.8%
Solvency39.0%within the sector's middle half▲ 0.5pp18.8%below the sector's middle half▼ 20.3pp30.0%within the sector's middle half▲ 11.3pp15.7%below the sector's middle half▼ 14.3pp23.3%within the sector's middle half▲ 7.6pp
Staff (FTE)2.43.6▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 114% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.1m ▼ 11.5%
Current assets
€175,342 ▲ 88.3%
Equity and liabilities €1.3m
Equity
€293,178 ▲ 42.0%
Debt
€965,038 ▼ 13.0%
Debt's share of the balance-sheet total falls from 84.3% to 76.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
29.6%▲
2024 · 18.0%
ROA
6.9%▲
2024 · 2.8%
Debt ≤ 1 year
€232,225▲
2024 · €224,718
Debt > 1 year
€732,813▼
2024 · €885,051
Income taxes
€27,718▲
2024 · €19,018
Staff costs
€270,078▲
2024 · €189,122
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,117 | €0 | €166 | - |
| Remuneration, social security and pensions62 | €119,390 | €194,566 | €168,443 | €189,122 | €270,078 | ▲ 42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,290 | €32,529 | €42,365 | €109,236 | €166,103 | ▲ 52.1% |
| Other operating charges640/8 | €2,424 | €33,959 | €2,429 | €3,087 | €3,570 | ▲ 15.6% |
| Non-recurring operating charges66A | - | - | €4,622 | €8,778 | €0 | ▼ 100% |
| Gross operating margin9900 | €188,751 | €267,125 | €297,362 | €420,610 | €676,053 | ▲ 60.7% |
| Operating profit (loss)9901 | €45,648 | €6,071 | €79,503 | €110,387 | €236,302 | ▲ 114% |
| Financial income75/76B | €0 | - | €230 | €84 | €7,837 | ▲ 9,249% |
| Recurring financial income75 | €0 | - | €230 | €84 | €7,837 | ▲ 9,249% |
| Financial charges65/66B | €4,667 | €6,755 | €7,941 | €54,312 | €129,772 | ▲ 139% |
| Recurring financial charges65 | €4,667 | €6,755 | €7,941 | €54,312 | €129,772 | ▲ 139% |
| Profit (loss) for the period before taxes9903 | €40,981 | -€684 | €71,791 | €56,159 | €114,367 | ▲ 104% |
| Income taxes67/77 | €11,149 | €802 | €22,571 | €19,018 | €27,718 | ▲ 45.7% |
| Profit (loss) for the period9904 | €29,832 | -€1,486 | €49,220 | €37,140 | €86,649 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €29,832 | -€1,486 | €49,220 | €37,140 | €86,649 | ▲ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €311,753 | €640,463 | €564,018 | €1.3m | €1.3m | ▼ 4.4% |
| Fixed assets21/28 | €225,454 | €526,345 | €485,291 | €1.2m | €1.1m | ▼ 11.5% |
| Intangible fixed assets21 | €15,806 | €84,521 | €72,418 | €785,063 | €660,972 | ▼ 15.8% |
| Tangible fixed assets22/27 | €209,648 | €441,824 | €412,873 | €438,108 | €421,903 | ▼ 3.7% |
| Land and buildings22 | €189,891 | €422,805 | €398,034 | €374,932 | €349,560 | ▼ 6.8% |
| Plant, machinery and equipment23 | €19,353 | €16,361 | €13,369 | €10,377 | €7,386 | ▼ 28.8% |
| Furniture and vehicles24 | €405 | €2,658 | €1,469 | €52,799 | €47,356 | ▼ 10.3% |
| Other tangible fixed assets26 | - | - | - | - | €17,600 | - |
| Current assets29/58 | €86,299 | €114,118 | €78,727 | €93,127 | €175,342 | ▲ 88.3% |
| Amounts receivable within one year40/41 | €53,561 | €103,185 | €58,228 | €57,355 | €133,695 | ▲ 133% |
| Trade receivables40 | €47,610 | €91,987 | €58,228 | €54,351 | €128,045 | ▲ 136% |
| Other amounts receivable41 | €5,951 | €11,198 | €0 | €3,005 | €5,649 | ▲ 88.0% |
| Current investments50/53 | €5,366 | €10,310 | €9,052 | €14,903 | €19,789 | ▲ 32.8% |
| Cash at bank and in hand54/58 | €25,266 | €623 | €7,802 | €15,566 | €19,831 | ▲ 27.4% |
| Deferred charges and accrued income490/1 | €2,106 | €0 | €3,645 | €5,303 | €2,027 | ▼ 61.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €311,753 | €640,463 | €564,018 | €1.3m | €1.3m | ▼ 4.4% |
| Equity10/15 | €121,654 | €120,168 | €169,388 | €206,528 | €293,178 | ▲ 42.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €38,860 | €38,860 | €88,080 | €125,220 | €125,220 | = |
| Distributable reserves133 | €38,860 | €38,860 | €88,080 | €125,220 | €125,220 | = |
| Profit (loss) carried forward14 | €70,394 | €68,908 | €68,908 | €68,908 | €155,557 | ▲ 126% |
| Amounts payable17/49 | €190,099 | €520,295 | €394,630 | €1.1m | €965,038 | ▼ 13.0% |
| Amounts payable after more than one year17 | €137,267 | €352,669 | €305,405 | €885,051 | €732,813 | ▼ 17.2% |
| Financial debts170/4 | €137,267 | €352,669 | €305,405 | €885,051 | €732,813 | ▼ 17.2% |
| Amounts payable within one year42/48 | €52,831 | €167,626 | €89,225 | €224,718 | €232,225 | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | €28,578 | €63,973 | €55,946 | €154,622 | €152,238 | ▼ 1.5% |
| Trade debts44 | €10,762 | €24,496 | €9,397 | €20,484 | €27,843 | ▲ 35.9% |
| Suppliers440/4 | €10,762 | €24,496 | €9,397 | €20,484 | €27,843 | ▲ 35.9% |
| Taxes, remuneration and social security45 | €13,454 | €19,656 | €23,727 | €19,886 | €28,144 | ▲ 41.5% |
| Taxes450/3 | €1,600 | €0 | €6,071 | €0 | - | - |
| Remuneration and social security454/9 | €11,854 | €19,656 | €17,657 | €19,886 | €28,144 | ▲ 41.5% |
| Other amounts payable47/48 | €37 | €59,500 | €155 | €29,725 | €24,000 | ▼ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,832 | -€1,486 | €49,220 | €37,140 | €86,649 | ▲ 133% |
| + Depreciation and write-downs630 | €21,290 | €32,529 | €42,365 | €109,236 | €166,103 | ▲ 52.1% |
| Operating cash flow (approximation) | €51,121 | €31,043 | €91,585 | €146,377 | €252,752 | ▲ 72.7% |
| Investment in fixed assets (approximation) | - | -€333,420 | -€1,311 | -€847,116 | -€25,806 | ▲ 97.0% |
| Change in cash | - | -€24,643 | €7,179 | €7,764 | €4,265 | ▼ 45.1% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €86,649 ▲133%
Operating result €236,302, net result €86,649, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €206,528 ▲21.9%
2 profitable years in a row build equity to €206,528.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €49,220
Net result €49,220 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €169,388 ▲41%
Equity rises from €120,168 to €169,388.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Weakest financial yearnet -€1,486
Net result drops to -€1,486, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €121,654 ▲32.5%
3 profitable years in a row build equity to €121,654.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
Show earlier events
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Back to profitnet €5,652
Net result €5,652 after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Pont-à-Celles · 2 establishment units since 2010
Ground area
1.9 ha
Building footprint
259 m²
Volume, LiDAR
673 m³
3 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
W FORCES
since 20102.184.022.108
W FORCES
since 20222.337.283.987
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92255B0297/00S002 | Wallonia | 1.7 ha | - | - |
| 52009B0265/00G000indicative | Wallonia | 1,816 m² | 1 · 159 m² | - |
| 92041A0094/00D002 | Wallonia | 351 m² | 1 · 100 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845000DE2D8C6850129
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 2,751 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
Founded05-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821949393
Also
9925:BE0821949393
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.