W. PORTHE
ActiveW. PORTHE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112k and a net result of €-24k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-98
Solvency88▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.61 in 2024; short-term debt: 30.6% and cash: 34.5% of total assets), and 36.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
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
63.1%
Return on assets
-13.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
20 d early
2023
61 d late
2022
91 d late
2021
20 d early
2020
31 d late
2019
91 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€112k▼ 17.8%
2024 · €137k
2018: €9k
2019: €26k
2020: €37k
2021: €49k
2022: €53k
2023: €62k
2024: €137k
2018 → 2025
Total assets
€178k▼ 13.9%
2024 · €207k
2018: €62k
2019: €123k
2020: €110k
2021: €101k
2022: €95k
2023: €115k
2024: €207k
2018 → 2025
Net result
€-24k
2024 · €74k
2018: €248
2019: €17k
2020: €12k
2021: €12k
2022: €4k
2023: €9k
2024: €74k
2018 → 2025
Working capital
€68k▼ 20.6%
2024 · €86k
2018: €5k
2019: €3k
2020: €18k
2021: €30k
2022: €32k
2023: €43k
2024: €86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€53k▲ 8.1%€62k▲ 17.2%€137k▲ 120%€112k▼ 17.8%
Operating result€20k-€8k▼ 58.7%€16k▲ 94.8%€111k▲ 600%€-22k
Net result€12k-€4k▼ 65.7%€9k▲ 130%€74k▲ 720%€-24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €111k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178k
Fixed assets
€55k▼ 18.2%
Current assets
€123k▼ 11.8%
Equity and liabilities €178k
Equity
€112k▼ 17.8%
Debt
€66k▼ 6.3%
The debt ratio rises from 34.0% to 36.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2024 · €122k
Cash flow
€-12k▼
2024 · €85k
Solvency
63.1%▼
2024 · 66.0%
Current ratio
2.25▼
2024 · 2.61
Quick ratio
2.25▼
2024 · 2.51
Debt / equity
0.59▲
2024 · 0.51
ROE
-21.6%▼
2024 · 54.6%
ROA
-13.6%▼
2024 · 36.0%
Interest coverage
-6.23▼
2024 · 96.53
Debt
€66k▼
2024 · €70k
Debt ≤ 1 year
€54k▲
2024 · €53k
Debt > 1 year
€11k▼
2024 · €17k
Income taxes
€387▼
2024 · €35k
Staff costs
€20k▲
2024 · €17k
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€207k€178k▼
Fixed assets21/28€68k€55k▼
Tangible fixed assets22/27€68k€55k▼
Land and buildings22€21k€16k▼
Furniture and vehicles24€46k€39k▼
Financial fixed assets28€51€51=
Current assets29/58€139k€123k▼
Amounts receivable after more than one year29€55k€40k▼
Other amounts receivable291€55k€40k▼
Stocks and contracts in progress3€5k-
Stocks30/36€5k-
Amounts receivable within one year40/41€32k€20k▼
Trade receivables40€15k€15k▼
Other amounts receivable41€17k€5k▼
Cash at bank and in hand54/58€45k€61k▲
Deferred charges and accrued income490/1€2k€911▼
Equity and liabilities
Total equity and liabilities10/49€207k€178k▼
Equity10/15€137k€112k▼
Contributions10/11€19k€19k=
Reserves13€91k€91k=
Distributable reserves133€91k€91k=
Profit (loss) carried forward14€27k€3k▼
Amounts payable17/49€70k€66k▼
Amounts payable after more than one year17€17k€11k▼
Financial debts170/4€17k€11k▼
Amounts payable within one year42/48€53k€54k▲
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€13k€10k▼
Suppliers440/4€13k€10k▼
Taxes, remuneration and social security45€35k€36k▲
Taxes450/3€35k€34k▼
Remuneration and social security454/9€82€2k▲
Other amounts payable47/48-€2k
Income statement
Code20242025
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€17k€20k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-26k-
Other operating charges640/8€4k€2k▼
Gross operating margin9900€116k€12k▼
Operating profit (loss)9901€111k€-22k▼
Financial income75/76B€1€29▲
Recurring financial income75€1€29▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€109k€-24k▼
Income taxes67/77€35k€387▼
Profit (loss) for the period9904€74k€-24k▼
Profit (loss) for the period to be appropriated9905€74k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€3k▼
Profit (loss) brought forward from the previous period14P€-3k€27k▲
Transfer to equity691/2€45k-
To other reserves6921€45k-
The notes to these accounts (10 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-24k ▼133%
Net result drops to €-24k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €74k ▲720%
Operating result €111k, net result €74k, both a record.
31-12
Financial
Equity above €100kEq €137k ▲120%
7 profitable years in a row build equity to €137k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2001
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.
Théophile Vander Elststraat 51170 Watermaal-BosvoordeGround area
70 m²
Building footprint
63 m²
Volume, LiDAR
572 m³
Parcel 21017D0164/00L006, Brussels · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
W. PORTHE
since 20012.098.291.825
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0164/00L006 | Brussels | 70 m² | 1 · 63 m² | 13.5 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.
Similar companies · same sector, comparable size
Belgium Premium Sports Connection
BE 0701.749.369
Sint-Niklaas · Eq €113k
Sens-Unique
BE 0760.540.970
Menen · Eq €113k
MAISON PAQUET
BE 0451.773.837
Manage · Eq €110k
Mobiel Kwestie
BE 0638.933.159
Diksmuide · Eq €109k
CONSORTIUM CAIB
BE 0474.274.372
Hannut · Eq €116k
Of 1,070 companies in sector 47741 we hold annual accounts for 644. 497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2001
Fiscal year end31-12
Activities, NACEBEL
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
52320
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.