W GROUP III
The computed 12-month bankruptcy probability of W GROUP III is 2.4% (moderate). The 2024 annual accounts show negative equity (€-984k) and a net result of €-2.10M. Equity is shrinking by ~72% per year across the filed fiscal years. Its solvency ranks better than 10% of 548 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-984k |
| Net result | €-2.10M |
| Staff (FTE) | 30.7 |
| Better than sector | 10% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -15.8% | 31.0% | |
| Net result | €-2.10M | €47k | |
| Equity | €-984k | €469k | |
| Staff costs | €1.62M | €494k | |
| Employees (FTE) | 30.7 | 7.5 |
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €11.84M |
| EBITDA | €-1.46M |
| Net profit | €-2.10M |
| Cash flow | €-1.70M |
| Staff costs | €1.62M |
| Income taxes | €583 |
| Dividends | - |
| Total assets | €6.22M |
| Equity | €-984k |
| Debt | €6.91M |
| of which ≤ 1y | €6.61M |
| of which > 1y | - |
| Working capital | €-1.33M |
| Employees (FTE) | 30.7 |
| 2024 | |
|---|---|
| Current ratio | 0.80 |
| Quick ratio | 0.17 |
| Working capital ratio | -21.4% |
| Solvency | -15.8% |
| Debt / equity | -7.02 |
| Long-term debt ratio | - |
| Interest coverage | -4.98 |
| Gross margin | 20.7% |
| Net margin | -17.7% |
| ROA | -33.8% |
| ROE | 213.4% |
| EBITDA margin | -12.3% |
| Days sales outstanding | 34d |
| Days payable outstanding | 17d |
| Inventory turnover | 2.28 |
| Days inventory (DSI) | 160d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.22M |
| Fixed assets | 21/28 | €939k |
| Formation expenses | 20 | €927 |
| Intangible fixed assets | 21 | €3 |
| Tangible fixed assets | 22/27 | €939k |
| Current assets | 29/58 | €5.28M |
| Stocks & contracts in progress | 3 | €4.13M |
| Amounts receivable within one year | 40/41 | €1.11M |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.22M |
| Equity | 10/15 | €-984k |
| Contributions / capital | 10/11 | €3.00M |
| Accumulated profits (losses) | 14 | €-3.98M |
| Provisions & deferred taxes | 16 | €290k |
| Amounts payable | 17/49 | €6.91M |
| Amounts payable within one year | 42/48 | €6.61M |
| Trade debts payable within one year | 44 | €442k |
| Income statement | ||
| Turnover | 70 | €11.84M |
| Operating result | 9901 | €-1.86M |
| Financial income | 75 | €70k |
| Financial charges | 65 | €311k |
| Result before taxes | 9903 | €-2.10M |
| Income taxes | 67/77 | €583 |
| Net result for the period | 9904 | €-2.10M |
| Result to be appropriated | 9905 | €-2.10M |
| NACE primary | Groothandel in hout(46832) |
| Legal form | Public limited company(014) |
| Incorporation | 29-12-2020 |
| Status | Active |
| Postal code | 3960 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0216/00C000 | Flanders | 8,748 m² | 1 · 3,285 m² | - |
| 72402A0518/00W000 | Flanders | 2,213 m² | 1 · 1,051 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
18-09-2025 Capital increase of €3,000,000 to €6,000,000
- €3.000.000 → €6.000.000
- Inbreng in geld · Apport en numéraire
Technical details
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}19-08-2024 2 directors appointed
- Lindemans Maarten, Commissaris
- Heeren Tom, Vaste vertegenwoordiger
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | W GROUP III |