W.G.M. CONSTRUCTIONS
ActiveW.G.M. CONSTRUCTIONS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.18M) and a net result of €-1.06M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
26
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-4
Solvency0▼-18
Growth25▼-6
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.81 in 2024; short-term debt: 176.1% and cash: 8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
-83.4%
Return on assets
-74.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.18M
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
100 d early
2022
28 d late
2021
3 d early
2020
8 d early
2019
35 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.82M▼ 35.1%
2024 · €4.35M
2018: €4.70M
2019: €5.66M
2020: €5.60M
2021: €5.45M
2022: €3.89M
2023: €3.34M
2024: €4.35M
2018 → 2025
EBIT margin
-35.1%▼ 30.6pp
2024 · -4.5%
2018: 2.1%
2019: 0.5%
2020: -0.8%
2021: -3.5%
2022: -21.1%
2023: 2.4%
2024: -4.5%
2018 → 2025
Net result
€-1.06M▼ 344%
2024 · €-239k
2018: €55k
2019: €-6k
2020: €-71k
2021: €-225k
2022: €-860k
2023: €20k
2024: €-239k
2018 → 2025
Working capital
€-1.40M▼ 299%
2024 · €-351k
2018: €156k
2019: €175k
2020: €103k
2021: €-27k
2022: €-710k
2023: €-621k
2024: €-351k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.45M-€3.89M▼ 28.5%€3.34M▼ 14.2%€4.35M▲ 30.1%€2.82M▼ 35.1%
Equity€99k-€-762k€-422k▲ 44.6%€-119k▲ 71.7%€-1.18M▼ 887%
Operating result€-189k-€-823k▼ 336%€82k€-196k€-990k▼ 406%
Net result€-225k-€-860k▼ 283%€20k€-239k€-1.06M▼ 344%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €990k in 2025 against €196k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€323k▲ 22.0%
Current assets
€1.09M▼ 26.8%
Key figures and ratios
EBITDA
€-909k▼
2024 · €-136k
Cash flow
€-978k▼
2024 · €-179k
Solvency
-83.4%▼
2024 · -6.8%
Current ratio
0.44▼
2024 · 0.81
Quick ratio
0.22▼
2024 · 0.45
Debt / equity
-2.19▲
2024 · -15.70
ROA
-74.9%▼
2024 · -13.6%
Interest coverage
-13.07▼
2024 · -2.38
Debt
€2.58M▲
2024 · €1.88M
Debt ≤ 1 year
€2.49M▲
2024 · €1.84M
Debt > 1 year
€87k▲
2024 · €36k
Income taxes
€289▲
2024 · €44
Staff costs
€1.36M▲
2024 · €1.33M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.76M€1.41M▼
Formation expenses20€3k€2k▼
Fixed assets21/28€265k€323k▲
Intangible fixed assets21€78k€55k▼
Tangible fixed assets22/27€129k€211k▲
Plant, machinery and equipment23€19k€15k▼
Furniture and vehicles24€103k€151k▲
Leasing and similar rights25€2k€42k▲
Other tangible fixed assets26€6k€3k▼
Financial fixed assets28€57k€57k=
Current assets29/58€1.49M€1.09M▼
Stocks and contracts in progress3€666k€543k▼
Stocks30/36€187k€264k▲
Contracts in progress37€479k€279k▼
Amounts receivable within one year40/41€586k€395k▼
Trade receivables40€494k€323k▼
Other amounts receivable41€92k€72k▼
Cash at bank and in hand54/58€180k€113k▼
Deferred charges and accrued income490/1€57k€38k▼
Equity and liabilities
Total equity and liabilities10/49€1.76M€1.41M▼
Equity10/15€-119k€-1.18M▼
Contributions10/11€937k€937k=
Capital10€937k€937k=
Issued capital100€937k€937k=
Reserves13€53k€53k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€-1.11M€-2.17M▼
Provisions and deferred taxes16-€9k
Provisions for liabilities and charges160/5-€9k
Other liabilities and charges164/5-€9k
Amounts payable17/49€1.88M€2.58M▲
Amounts payable after more than one year17€36k€87k▲
Financial debts170/4€36k€87k▲
Amounts payable within one year42/48€1.84M€2.49M▲
Current portion of amounts payable after more than one year42€22k€38k▲
Financial debts43€850k€850k=
Other loans439€850k€850k=
Trade debts44€700k€582k▼
Suppliers440/4€700k€582k▼
Taxes, remuneration and social security45€138k€113k▼
Taxes450/3€4k€9k▲
Remuneration and social security454/9€134k€104k▼
Other amounts payable47/48€130k€906k▲
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Turnover70€4.35M€2.82M▼
Goods, raw materials, services and sundry goods60/61€3.13M€2.30M▼
Remuneration, social security and pensions62€1.33M€1.36M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€81k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€-11k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€9k
Other operating charges640/8€18k€78k▲
Non-recurring operating charges66A€7k€878▼
Gross operating margin9900€1.22M€524k▼
Operating profit (loss)9901€-196k€-990k▼
Financial income75/76B€14k€121▼
Recurring financial income75€14k€121▼
Financial charges65/66B€57k€70k▲
Recurring financial charges65€57k€70k▲
Profit (loss) for the period before taxes9903€-239k€-1.06M▼
Income taxes67/77€44€289▲
Profit (loss) for the period9904€-239k€-1.06M▼
Profit (loss) for the period to be appropriated9905€-239k€-1.06M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.11M€-2.17M▼
Profit (loss) brought forward from the previous period14P€-871k€-1.11M▼
Social balance
Average headcount (FTE)908723.423.9▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-1.06M
Net result drops to €-1.06M, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after 4 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Jemeppe-sur-Sambre · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de l'Industrie 215190 Jemeppe-sur-SambreGround area
3,497 m²
Building footprint
123 m²
Volume, LiDAR
800 m³
Parcel 92090A0056/00Z002, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
wgm constructions
since 19852.026.372.560
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92090A0056/00Z002 | Wallonia | 3,497 m² | 1 · 123 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Recognised contractor
7 categoriesW.G.M. CONSTRUCTIONS SA24878
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Of 8,563 companies in sector 43410 we hold annual accounts for 4,355. 3,808 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-02-1985
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
45220
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.