W.M DEVELOPMENT
ActiveSummary
W.M DEVELOPMENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,825 and a net result of €2,823. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-11
Solvency96▲+13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.64 against 1.72 in 2024; short-term debt: 28.7% and cash: 51.1% of total assets), and 28.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 29-12-2025, 33 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
33 d early
2024
32 d early
2023
18 d early
2022
35 d late
2021
28 d late
2020
25 d late
2019
2 d early
← 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 on the deadline day; 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 13 January (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€29,825▲ 10.5%
2024 · €27,003
Total assets
€41,824▼ 9.7%
2024 · €46,297
Net result
€2,823▼ 60.9%
2024 · €7,218
Working capital
€19,725▲ 42.1%
2024 · €13,885
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,825€9,160€12,377▲ 35.1%€11,286▼ 8.8%€5,969▼ 47.1%
Net result-€7,945below the sector's middle half€8,999within the sector's middle half€8,929within the sector's middle half▼ 0.8%€7,218within the sector's middle half▼ 19.2%€2,823within the sector's middle half▼ 60.9%
Equity€30,856within the sector's middle half▼ 20.5%€34,855within the sector's middle half▲ 13.0%€33,785within the sector's middle half▼ 3.1%€27,003within the sector's middle half▼ 20.1%€29,825within the sector's middle half▲ 10.5%
Total assets€33,813below the sector's middle half▼ 23.5%€45,009below the sector's middle half▲ 33.1%€50,774below the sector's middle half▲ 12.8%€46,297below the sector's middle half▼ 8.8%€41,824below the sector's middle half▼ 9.7%
Debt€2,957▼ 45.1%€10,154▲ 243%€16,990▲ 67.3%€19,294▲ 13.6%€11,999▼ 37.8%
Working capital€15,771within the sector's middle half▼ 21.9%€16,244within the sector's middle half▲ 3.0%€17,866within the sector's middle half▲ 10.0%€13,885within the sector's middle half▼ 22.3%€19,725within the sector's middle half▲ 42.1%
Solvency91.3%above the sector's middle half▲ 3.5pp77.4%within the sector's middle half▼ 13.8pp66.5%within the sector's middle half▼ 10.9pp58.3%within the sector's middle half▼ 8.2pp71.3%within the sector's middle half▲ 13.0pp
Current ratio6.33above the sector's middle half▲ 1.592.60within the sector's middle half▼ 3.732.05within the sector's middle half▼ 0.551.72within the sector's middle half▼ 0.332.64within the sector's middle half▲ 0.92
Return on assets (ROA)-23.5%below the sector's middle half▼ 28.3pp20.0%within the sector's middle half▲ 43.5pp17.6%within the sector's middle half▼ 2.4pp15.6%within the sector's middle half▼ 2.0pp6.7%within the sector's middle half▼ 8.8pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,824
Fixed assets
€10,101 ▼ 23.0%
Current assets
€31,723 ▼ 4.4%
Equity and liabilities €41,824
Equity
€29,825 ▲ 10.5%
Debt
€11,999 ▼ 37.8%
Debt's share of the balance-sheet total falls from 41.7% to 28.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,986▼
2024 · €15,761
Cash flow
€5,840▼
2024 · €11,693
Debt to equity
0.40▼
2024 · 0.71
ROE
9.5%▼
2024 · 26.7%
Interest coverage
14.08▼
2024 · 28.92
Debt ≤ 1 year
€11,999▼
2024 · €19,294
Income taxes
€2,509▼
2024 · €3,600
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,529 | €4,046 | €4,084 | €4,475 | €3,017 | ▼ 32.6% |
| Other operating charges640/8 | - | €1,153 | €903 | €667 | €680 | ▲ 1.9% |
| Gross operating margin9900 | -€13,030 | €14,359 | €17,364 | €16,428 | €9,666 | ▼ 41.2% |
| Operating profit (loss)9901 | -€17,825 | €9,160 | €12,377 | €11,286 | €5,969 | ▼ 47.1% |
| Financial income75/76B | - | €0 | €101 | €77 | - | - |
| Recurring financial income75 | €10,000 | €0 | €101 | €77 | - | - |
| Financial charges65/66B | - | €161 | €162 | €545 | €638 | ▲ 17.1% |
| Recurring financial charges65 | €161 | €161 | €162 | €545 | €638 | ▲ 17.1% |
| Profit (loss) for the period before taxes9903 | -€7,986 | €8,999 | €12,316 | €10,818 | €5,331 | ▼ 50.7% |
| Income taxes67/77 | -€41 | - | €3,387 | €3,600 | €2,509 | ▼ 30.3% |
| Profit (loss) for the period9904 | -€7,945 | €8,999 | €8,929 | €7,218 | €2,823 | ▼ 60.9% |
| Profit (loss) for the period to be appropriated9905 | -€7,945 | €8,999 | €8,929 | €7,218 | €2,823 | ▼ 60.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,813 | €45,009 | €50,774 | €46,297 | €41,824 | ▼ 9.7% |
| Fixed assets21/28 | €15,085 | €18,611 | €15,918 | €13,118 | €10,101 | ▼ 23.0% |
| Tangible fixed assets22/27 | €15,085 | €15,611 | €12,918 | €10,118 | €7,101 | ▼ 29.8% |
| Furniture and vehicles24 | - | €5,339 | €4,214 | €2,967 | €1,450 | ▼ 51.1% |
| Other tangible fixed assets26 | - | €10,272 | €8,705 | €7,151 | €5,651 | ▼ 21.0% |
| Financial fixed assets28 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €18,728 | €26,398 | €34,856 | €33,179 | €31,723 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €5,340 | - | - | €12,324 | €9,000 | ▼ 27.0% |
| Trade receivables40 | - | - | - | €8,200 | €8,000 | ▼ 2.4% |
| Other amounts receivable41 | - | - | - | €4,124 | €1,000 | ▼ 75.7% |
| Cash at bank and in hand54/58 | €13,388 | €26,398 | €34,114 | €19,425 | €21,379 | ▲ 10.1% |
| Deferred charges and accrued income490/1 | - | - | €741 | €1,431 | €1,345 | ▼ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,813 | €45,009 | €50,774 | €46,297 | €41,824 | ▼ 9.7% |
| Equity10/15 | €30,856 | €34,855 | €33,785 | €27,003 | €29,825 | ▲ 10.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €10,396 | €14,395 | €13,325 | €6,543 | €9,365 | ▲ 43.1% |
| Amounts payable17/49 | €2,957 | €10,154 | €16,990 | €19,294 | €11,999 | ▼ 37.8% |
| Amounts payable within one year42/48 | €2,957 | €10,154 | €16,990 | €19,294 | €11,999 | ▼ 37.8% |
| Trade debts44 | €54 | €142 | €98 | €221 | €53 | ▼ 75.8% |
| Suppliers440/4 | - | €142 | €98 | €221 | €53 | ▼ 75.8% |
| Taxes, remuneration and social security45 | - | €5,236 | €6,853 | €4,290 | €4,374 | ▲ 1.9% |
| Taxes450/3 | - | €5,236 | €6,853 | €4,290 | €4,374 | ▲ 1.9% |
| Other amounts payable47/48 | - | €4,776 | €10,038 | €14,783 | €7,571 | ▼ 48.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,945 | €8,999 | €8,929 | €7,218 | €2,823 | ▼ 60.9% |
| + Depreciation and write-downs630 | €3,529 | €4,046 | €4,084 | €4,475 | €3,017 | ▼ 32.6% |
| Operating cash flow (approximation) | -€4,416 | €13,045 | €13,013 | €11,693 | €5,840 | ▼ 50.1% |
| Investment in fixed assets (approximation) | - | -€7,572 | -€1,391 | -€1,674 | €0 | ▲ 100% |
| Change in cash | - | €13,010 | €7,716 | -€14,689 | €1,954 | ▲ 113% |
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
26-06
State Gazette act
Incorporation · Director in office
Name clause · Duration
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
13-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
30-06
Financial
Back to profitnet €8,999
Net result €8,999 after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-06
Financial
Weakest financial yearnet -€7,945
Net result drops to -€7,945, the lowest in the series; recovery starts the following year.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
30-06
Financial
Liquidity quadruplescurrent ratio 4.74
Current ratio from 1.23 to 4.74; short-term debt falls from €31,745 to €5,391.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneState Gazette actNBB 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
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2016
Ground area
136 m²
Building footprint
100 m²
Volume, LiDAR
997 m³
Parcel 21013B0392/00M009, Brussels · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
W.M DEVELOPMENT
since 20162.258.048.053
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0392/00M009 | Brussels | 136 m² | 1 · 100 m² | 15.6 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 34,476 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
Founded10-10-2016
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
56210Event catering
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664462668
Also
9925:BE0664462668
Registered
18-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.