W5
ActiveSummary
W5 has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€50,526) and a net result of €7,214. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 1.3 in 2024; short-term debt: 108% and cash: 12.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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
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
-770.2%
Return on assets
110%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11547 sector peers (2025).
NBB · sector comparisonPosition among 11547 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-05-2026, 16 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
16 d late
2024
41 d early
2023
28 d early
2022
41 d early
2021
16 d early
2020
on the day
2019
27 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 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 3 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#9 oldest company in Enghien, Wholesale and retail trade sector
Equity
-€50,526▲ 12.5%
2024 · -€57,739
Total assets
€6,561▼ 33.2%
2024 · €9,822
Net result
€7,214▼ 62.6%
2024 · €19,299
Working capital
-€526
2024 · €2,261
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 46, Wholesale trade, 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€21,245▲ 16.6%€28,187▲ 32.7%€35,409▲ 25.6%€19,333▼ 45.4%€7,251▼ 62.5%
Net result€21,039within the sector's middle half▲ 16.7%€27,962above the sector's middle half▲ 32.9%€35,215above the sector's middle half▲ 25.9%€19,299within the sector's middle half▼ 45.2%€7,214within the sector's middle half▼ 62.6%
Equity-€140,216below the sector's middle half▲ 13.0%-€112,254below the sector's middle half▲ 19.9%-€77,039below the sector's middle half▲ 31.4%-€57,739below the sector's middle half▲ 25.1%-€50,526below the sector's middle half▲ 12.5%
Total assets€2,933below the sector's middle half▼ 51.5%€2,730below the sector's middle half▼ 6.9%€14,809below the sector's middle half▲ 442%€9,822below the sector's middle half▼ 33.7%€6,561below the sector's middle half▼ 33.2%
Debt€143,148▼ 14.4%€114,984▼ 19.7%€91,848▼ 20.1%€67,561▼ 26.4%€57,086▼ 15.5%
Working capital-€516within the sector's middle half▲ 64.2%-€2,514within the sector's middle half▼ 388%€12,961within the sector's middle half€2,261within the sector's middle half▼ 82.6%-€526within the sector's middle half
Solvency-520.2%below the sector's middle half-587.9%below the sector's middle half▼ 67.7pp-770.2%below the sector's middle half▼ 182.3pp
Current ratio8.01above the sector's middle half1.30within the sector's middle half▼ 6.710.93below the sector's middle half▼ 0.37
Return on assets (ROA)237.8%above the sector's middle half196.5%above the sector's middle half▼ 41.3pp110.0%above the sector's middle half▼ 86.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 62% below 2024 and is the lowest result in the available series.
Key figures and ratios
Debt to equity
-1.13▲
2024 · -1.17
Debt ≤ 1 year
€7,086▼
2024 · €7,561
Debt > 1 year
€50,000▼
2024 · €60,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 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% | 1.8% |
| 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 3,795 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €592 | €642 | €432 | €45 | €36 | ▼ 20.1% |
| Gross operating margin9900 | €21,838 | €28,829 | €35,841 | €19,378 | €7,287 | ▼ 62.4% |
| Operating profit (loss)9901 | €21,245 | €28,187 | €35,409 | €19,333 | €7,251 | ▼ 62.5% |
| Financial charges65/66B | €27 | €34 | €36 | €34 | €38 | ▲ 12.7% |
| Recurring financial charges65 | €27 | €34 | €36 | €34 | €38 | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | €21,218 | €28,153 | €35,373 | €19,299 | €7,214 | ▼ 62.6% |
| Income taxes67/77 | €179 | €192 | €158 | - | - | - |
| Profit (loss) for the period9904 | €21,039 | €27,962 | €35,215 | €19,299 | €7,214 | ▼ 62.6% |
| Profit (loss) for the period to be appropriated9905 | €21,039 | €27,962 | €35,215 | €19,299 | €7,214 | ▼ 62.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,933 | €2,730 | €14,809 | €9,822 | €6,561 | ▼ 33.2% |
| Fixed assets21/28 | €300 | €300 | - | - | - | - |
| Financial fixed assets28 | €300 | €300 | - | - | - | - |
| Current assets29/58 | €2,633 | €2,430 | €14,809 | €9,822 | €6,561 | ▼ 33.2% |
| Amounts receivable within one year40/41 | - | - | €4,920 | €2,400 | €5,717 | ▲ 138% |
| Trade receivables40 | - | - | €4,920 | €2,000 | €4,885 | ▲ 144% |
| Other amounts receivable41 | - | - | - | €400 | €832 | ▲ 108% |
| Cash at bank and in hand54/58 | €1,854 | €1,426 | €9,772 | €7,422 | €843 | ▼ 88.6% |
| Deferred charges and accrued income490/1 | €779 | €1,004 | €117 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,933 | €2,730 | €14,809 | €9,822 | €6,561 | ▼ 33.2% |
| Equity10/15 | -€140,216 | -€112,254 | -€77,039 | -€57,739 | -€50,526 | ▲ 12.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €94,200 | €94,200 | €94,200 | €94,200 | €94,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €88,000 | €88,000 | €88,000 | €88,000 | €88,000 | = |
| Profit (loss) carried forward14 | -€296,416 | -€268,454 | -€233,239 | -€213,939 | -€206,726 | ▲ 3.4% |
| Amounts payable17/49 | €143,148 | €114,984 | €91,848 | €67,561 | €57,086 | ▼ 15.5% |
| Amounts payable after more than one year17 | €140,000 | €110,000 | €90,000 | €60,000 | €50,000 | ▼ 16.7% |
| Financial debts170/4 | €140,000 | €110,000 | €90,000 | €60,000 | €50,000 | ▼ 16.7% |
| Amounts payable within one year42/48 | €3,148 | €4,944 | €1,848 | €7,561 | €7,086 | ▼ 6.3% |
| Trade debts44 | €348 | €539 | €135 | €728 | €286 | ▼ 60.7% |
| Suppliers440/4 | €348 | €539 | €135 | €728 | €286 | ▼ 60.7% |
| Taxes, remuneration and social security45 | €1,701 | €1,905 | €1,368 | €1,200 | €1,200 | = |
| Taxes450/3 | €1,701 | €1,905 | €1,368 | €1,200 | €1,200 | = |
| Other amounts payable47/48 | €1,100 | €2,500 | €345 | €5,633 | €5,600 | ▼ 0.6% |
| Accrued charges and deferred income492/3 | - | €40 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,039 | €27,962 | €35,215 | €19,299 | €7,214 | ▼ 62.6% |
| Operating cash flow (approximation) | €21,039 | €27,962 | €35,215 | €19,299 | €7,214 | ▼ 62.6% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€428 | €8,346 | -€2,351 | -€6,579 | ▼ 180% |
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
16-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
30-09
Financial
Weakest financial yearnet €7,214 ▼62.6%
Net result drops to €7,214, the lowest in the series.
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €35,215 ▲25.9%
Operating result €35,409, net result €35,215, both a record.
30-09
Financial
Liquidity times 16current ratio 8.01
Current ratio from 0.49 to 8.01; short-term debt falls from €4,944 to €1,848.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Enghien · 1 establishment unit since 2002
Ground area
533 m²
Parcel 55033D0290/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Sint Jozefvest(E) 34, 7850 Enghien
since 20022.054.787.622
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55033D0290/00H000 | Wallonia | 533 m² | - | - |
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.
Similar companies · same sector and region
ROBIJNS
BE 0465.033.638
Enghien
3B Constructions et Toitures
BE 0634.757.112
Lens (Hainaut)
A.V.M CONSTRUCT
BE 0455.623.945
Mouscron
Anciens Etablissements Joseph DUJARDIN
BE 0417.094.654
Comines-Warneton
ATEKO
BE 0628.650.268
Manage
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,805 companies in sector 46831 we hold annual accounts for 1,399. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-10-1991
Fiscal year end30-09
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445392722
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.