W.M.
ActiveThe annual accounts of W.M. for fiscal year 2024 show a net loss of 51% of the equity at the start of that year. The 2024 annual accounts show equity of €74k and a net result of €-77k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 53% of 19351 sector peers (fiscal year 2024). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency59▼-34
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.55 against 2.77 in 2023; short-term debt: 63.9% and cash: 0% of total assets), but 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
34.4%
Return on assets
-35.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-77k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2026, 351 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
351 d late
2023
65 d late
2022
30 d late
2021
71 d late
2020
60 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€74k▼ 51.0%
2023 · €152k
2018: €174k
2019: €181k
2020: €221k
2021: €326k
2022: €226k
2023: €152k
2018 → 2024
Total assets
€216k▼ 2.6%
2023 · €222k
2018: €289k
2019: €258k
2020: €307k
2021: €458k
2022: €373k
2023: €222k
2018 → 2024
Net result
€-77k▼ 4.3%
2023 · €-74k
2018: €2k
2019: €6k
2020: €40k
2021: €105k
2022: €-28k
2023: €-74k
2018 → 2024
Working capital
€76k▼ 38.7%
2023 · €123k
2018: €172k
2019: €179k
2020: €146k
2021: €260k
2022: €179k
2023: €123k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€221k-€326k▲ 47.7%€226k▼ 30.6%€152k▼ 32.9%€74k▼ 51.0%
Operating result€58k-€157k▲ 173%€-28k€-72k▼ 162%€-74k▼ 1.9%
Net result€40k-€105k▲ 163%€-28k€-74k▼ 166%€-77k▼ 4.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €74k in 2024 against €72k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €216k
Fixed assets
€2k▼ 92.2%
Current assets
€213k▲ 10.7%
Equity and liabilities €216k
Equity
€74k▼ 51.0%
Debt
€141k▲ 102%
The debt ratio rises from 31.5% to 65.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-71k▼
2023 · €-54k
Cash flow
€-75k▼
2023 · €-56k
Solvency
34.4%▼
2023 · 68.5%
Current ratio
1.55▼
2023 · 2.77
Quick ratio
0.44▼
2023 · 0.74
Debt / equity
1.90▲
2023 · 0.46
ROE
-104.2%▼
2023 · -49.0%
ROA
-35.9%▼
2023 · -33.5%
Interest coverage
-19.98▲
2023 · -31.59
Debt
€141k▲
2023 · €70k
Debt ≤ 1 year
€138k▲
2023 · €70k
Income taxes
€146▼
2023 · €179
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€222k€216k▼
Fixed assets21/28€29k€2k▼
Tangible fixed assets22/27€29k€2k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€24k-
Current assets29/58€193k€213k▲
Stocks and contracts in progress3€141k€152k▲
Stocks30/36€141k€152k▲
Amounts receivable within one year40/41€50k€60k▲
Trade receivables40€50k€60k▲
Cash at bank and in hand54/58€668€8▼
Deferred charges and accrued income490/1€1k€944▼
Equity and liabilities
Total equity and liabilities10/49€222k€216k▼
Equity10/15€152k€74k▼
Contributions10/11€50k€50k=
Reserves13€183k€183k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€172k€172k=
Profit (loss) carried forward14€-82k€-159k▼
Amounts payable17/49€70k€141k▲
Amounts payable within one year42/48€70k€138k▲
Trade debts44€17k€12k▼
Suppliers440/4€17k€12k▼
Taxes, remuneration and social security45€18k€789▼
Taxes450/3€18k€789▼
Other amounts payable47/48€34k€125k▲
Accrued charges and deferred income492/3€384€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€3k▼
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A-€14k
Gross operating margin9900€-49k€-53k▼
Operating profit (loss)9901€-72k€-74k▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€-74k€-77k▼
Income taxes67/77€179€146▼
Profit (loss) for the period9904€-74k€-77k▼
Profit (loss) for the period to be appropriated9905€-74k€-77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-82k€-159k▼
Profit (loss) brought forward from the previous period14P€-7k€-82k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 351 days late
2024
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 71 days late
2021
31-12
Financial
Highest result since 2018net €105k ▲163%
Operating result €157k, net result €105k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
31-12
Financial
Equity above €200kEq €221k ▲22.1%
3 profitable years in a row build equity to €221k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 50 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Vilvoorde · 1 establishment unit
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.
Olmstraat 1861800 VilvoordeGround area
744 m²
Building footprint
212 m²
Volume, LiDAR
1,945 m³
Parcel 23643G0395/00F005, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
W.M.
since 18002.109.668.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0395/00F005 | Flanders | 744 m² | 1 · 212 m² | 12.0 m · 3 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.
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 3,538 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-03-1982
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:walter@wm.be
Phone:02/268.16.04