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W - Group

Active Risk: not assessed
Private limited companyfounded 199036 yrs activeKoninklijkelaan 74, 2600 Antwerpen, BelgiumKBO/BCE: BE 0439.891.931
Summary

W - Group has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €160,098 and a net result of -€2,873. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 8871 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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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 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
5 d late
2023
41 d early
2022
42 d early
2021
on the day
2020
3 d early
2019
on the day
← 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 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

W - Group was incorporated on 16 February 1990.1 Total assets fell from EUR 885,893 in 2019 to EUR 750,574 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€160,098▼ 1.8%
2024 · €162,972
Total assets
€750,574▼ 0.1%
2024 · €751,005
Net result
-€2,873
2024 · €44,873
Working capital
-€589,902▼ 1.9%
2024 · -€578,939
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€13,606▼ 36.2%€20,296▲ 49.2%€21,263▲ 4.8%€70,372▲ 231%€10,514▼ 85.1%
Net result€2,486within the sector's middle half▼ 59.1%€8,258within the sector's middle half▲ 232%€8,749within the sector's middle half▲ 5.9%€44,873within the sector's middle half▲ 413%-€2,873below the sector's middle half
Equity€101,092within the sector's middle half▲ 2.5%€109,350within the sector's middle half▲ 8.2%€118,099within the sector's middle half▲ 8.0%€162,972within the sector's middle half▲ 38.0%€160,098within the sector's middle half▼ 1.8%
Total assets€849,713above the sector's middle half▼ 1.9%€823,594above the sector's middle half▼ 3.1%€803,230above the sector's middle half▼ 2.5%€751,005within the sector's middle half▼ 6.5%€750,574within the sector's middle half▼ 0.1%
Debt€748,620▼ 2.4%€714,243▼ 4.6%€685,131▼ 4.1%€588,033▼ 14.2%€590,476▲ 0.4%
Working capital-€286,480below the sector's middle half▼ 1.4%-€288,293below the sector's middle half▼ 0.6%-€289,968below the sector's middle half▼ 0.6%-€578,939below the sector's middle half▼ 99.7%-€589,902below the sector's middle half▼ 1.9%
Solvency11.9%below the sector's middle half▲ 0.5pp13.3%below the sector's middle half▲ 1.4pp14.7%below the sector's middle half▲ 1.4pp21.7%below the sector's middle half▲ 7.0pp21.3%below the sector's middle half▼ 0.4pp
Current ratio0.04below the sector's middle half▲ 0.020.03below the sector's middle half▼ 0.010.03below the sector's middle half▲ 0.010.00below the sector's middle half▼ 0.030.00below the sector's middle half=
Return on assets (ROA)0.3%below the sector's middle half▼ 0.4pp1.0%below the sector's middle half▲ 0.7pp1.1%below the sector's middle half▲ 0.1pp6.0%within the sector's middle half▲ 4.9pp-0.4%below the sector's middle half▼ 6.4pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000€80,000Operating result 2021: €13,606€13,606Net result 2021: €2,486€2,486Operating result 2022: €20,296€20,296Net result 2022: €8,258€8,258Operating result 2023: €21,263€21,263Net result 2023: €8,749€8,749Operating result 2024: €70,372€70,372Net result 2024: €44,873€44,873Operating result 2025: €10,514€10,514Net result 2025: -€2,873-€2,87320212022202320242025-€20,000€0€20,000€40,000€60,000€80,000Operating result 2023: €21,263€21,300Net result 2023: €8,749€8,750Operating result 2024: €70,372€70,400Net result 2024: €44,873€44,900Operating result 2025: €10,514€10,500Net result 2025: -€2,873-€2,870202320242025
The operating result falls in 2025; 2025 is 85% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €750,574
Fixed assets €750,000 =
Current assets €574 ▼ 42.9%
Equity and liabilities €750,574
Equity €160,098 ▼ 1.8%
Debt €590,476 ▲ 0.4%
Debt's share of the balance-sheet total rises from 78.3% to 78.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-1.8%▼
2024 · 27.5%
Debt ≤ 1 year
€590,476▲
2024 · €579,944
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€751,005€750,574▼
Fixed assets21/28€750,000€750,000=
Financial fixed assets28€750,000€750,000=
Current assets29/58€1,005€574▼
Cash at bank and in hand54/58€1,005€574▼
Equity and liabilities
Total equity and liabilities10/49€751,005€750,574▼
Equity10/15€162,972€160,098▼
Contributions10/11€18,592€18,592=
Reserves13€128,725€128,725=
Distributable reserves133€128,725€128,725=
Profit (loss) carried forward14€15,655€12,782▼
Amounts payable17/49€588,033€590,476▲
Amounts payable within one year42/48€579,944€590,476▲
Trade debts44€227-
Suppliers440/4€227-
Taxes, remuneration and social security45€4,487€3,843▼
Taxes450/3€4,487€3,843▼
Other amounts payable47/48€575,229€586,633▲
Accrued charges and deferred income492/3€8,090-
Income statement Code20242025
Other operating charges640/8€4,122€486▼
Gross operating margin9900€74,494€11,000▼
Operating profit (loss)9901€70,372€10,514▼
Financial charges65/66B€21,012€13,387▼
Recurring financial charges65€21,012€13,387▼
Profit (loss) for the period before taxes9903€49,360-€2,873▼
Income taxes67/77€4,487-
Profit (loss) for the period9904€44,873-€2,873▼
Profit (loss) for the period to be appropriated9905€44,873-€2,873▼
Appropriation of the result
Profit (loss) to be appropriated9906€60,528€12,782▼
Profit (loss) brought forward from the previous period14P€15,655€15,655=
Transfer to equity691/2€44,873-
To other reserves6921€44,873-

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,544€22,544€22,544---
Other operating charges640/8-€3,405€2,603€4,122€486▼ 88.2%
Gross operating margin9900€39,936€46,245€46,410€74,494€11,000▼ 85.2%
Operating profit (loss)9901€13,606€20,296€21,263€70,372€10,514▼ 85.1%
Financial charges65/66B-€11,213€11,639€21,012€13,387▼ 36.3%
Recurring financial charges65€10,871€11,213€11,639€21,012€13,387▼ 36.3%
Profit (loss) for the period before taxes9903€2,735€9,084€9,623€49,360-€2,873▼ 106%
Income taxes67/77€249€826€875€4,487--
Profit (loss) for the period9904€2,486€8,258€8,749€44,873-€2,873▼ 106%
Profit (loss) for the period to be appropriated9905€2,486€8,258€8,749€44,873-€2,873▼ 106%
Line20212022202320242025Change
Assets
Total assets20/58€849,713€823,594€803,230€751,005€750,574▼ 0.1%
Fixed assets21/28€838,411€815,867€793,323€750,000€750,000=
Tangible fixed assets22/27€838,411€815,867€793,323---
Land and buildings22-€815,867€793,323---
Financial fixed assets28---€750,000€750,000=
Current assets29/58€11,302€7,727€9,907€1,005€574▼ 42.9%
Amounts receivable within one year40/41€2,086€1,486----
Other amounts receivable41-€1,486----
Current investments50/53€2,394€3,812€2,244---
Cash at bank and in hand54/58€6,822€2,429€7,663€1,005€574▼ 42.9%
Equity and liabilities
Total equity and liabilities10/49€849,713€823,594€803,230€751,005€750,574▼ 0.1%
Equity10/15€101,092€109,350€118,099€162,972€160,098▼ 1.8%
Contributions10/11-€18,592€18,592€18,592€18,592=
Reserves13€66,845€75,103€83,852€128,725€128,725=
Non-distributable reserves130/1-€1,859€1,859---
Reserves not available under the articles1311-€1,859€1,859---
Distributable reserves133-€73,244€81,993€128,725€128,725=
Profit (loss) carried forward14€15,655€15,655€15,655€15,655€12,782▼ 18.4%
Amounts payable17/49€748,620€714,243€685,131€588,033€590,476▲ 0.4%
Amounts payable after more than one year17€446,503€417,356€384,388---
Financial debts170/4-€417,356€384,388---
Amounts payable within one year42/48€297,783€296,020€299,875€579,944€590,476▲ 1.8%
Current portion of amounts payable after more than one year42-€31,812€32,967---
Trade debts44€6,110€451€636€227--
Suppliers440/4-€451€636€227--
Taxes, remuneration and social security45-€1,426€1,475€4,487€3,843▼ 14.4%
Taxes450/3-€1,426€1,475€4,487€3,843▼ 14.4%
Other amounts payable47/48-€262,331€264,797€575,229€586,633▲ 2.0%
Accrued charges and deferred income492/3-€868€868€8,090--
Line20212022202320242025Change
Profit (loss) for the period9904€2,486€8,258€8,749€44,873-€2,873▼ 106%
+ Depreciation and write-downs630€22,544€22,544€22,544---
Operating cash flow (approximation)€25,030€30,802€31,292€44,873-€2,873▼ 106%
Investment in fixed assets (approximation)-€0€0€43,323€0▼ 100%
Change in cash--€4,393€5,234-€6,658-€431▲ 93.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
31-01
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial Weakest financial yearnet -€2,873
Net result drops to -€2,873, the lowest in the series.
05-02
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
30-06
Financial Highest result since 2019net €44,873 ▲413%
Operating result €70,372, net result €44,873, both a record.
30-06
Financial Equity above €150,000Eq €162,972 ▲38%
6 profitable years in a row build equity to €162,972.
2023
21-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
20-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
31-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial Equity above €100,000Eq €101,092 ▲2.5%
3 profitable years in a row build equity to €101,092.
28-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
20-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
443 m²
Building footprint
164 m²
Volume, LiDAR
1,874 m³
Parcel 11303C0231/00R004, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
12 companies at this address See who is registered here
1 establishment unit
W-GROUP
Koninklijkelaan 74, 2600 AntwerpenAir transport
since 19902.047.556.073
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11303C0231/00R004 Flanders 443 m² 1 · 164 m² 14.0 m · 4 fl.
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2025 of W - Group and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 40,773 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded16-02-1990
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
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