Wage Project
ActiveSummary
Wage Project has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22,281 and a net result of -€4,101. Equity is growing by ~4.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▼-90
Solvency72▲+20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.29 in 2023; short-term debt: 51% and cash: 42.1% of total assets), but 53% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
47%
Return on assets
-8.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
35 d early
2024
61 d early
2023
58 d early
2022
62 d early
2021
48 d early
2020
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days before the deadline; 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 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 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€22,281▼ 15.5%
2023 · €26,382
Total assets
€47,360▼ 51.2%
2023 · €96,957
Net result
-€4,101
2023 · €43,953
Working capital
€19,562▼ 5.9%
2023 · €20,786
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 70, Activities of head offices; management consultancy activities, 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
Line20202021202220232024
Operating result€23,975-€4,849▼ 79.8%€8,304▲ 71.3%€58,600▲ 606%-€1,669
Net result€18,200within the sector's middle half-€1,854below the sector's middle half▼ 89.8%€4,375within the sector's middle half▲ 136%€43,953within the sector's middle half▲ 905%-€4,101below the sector's middle half
Equity€21,200below the sector's middle half-€23,054below the sector's middle half▲ 8.7%€27,429within the sector's middle half▲ 19.0%€26,382within the sector's middle half▼ 3.8%€22,281below the sector's middle half▼ 15.5%
Total assets€51,572below the sector's middle half-€47,912below the sector's middle half▼ 7.1%€45,063below the sector's middle half▼ 5.9%€96,957within the sector's middle half▲ 115%€47,360below the sector's middle half▼ 51.2%
Debt€30,373-€24,858▼ 18.2%€17,633▼ 29.1%€70,575▲ 300%€25,078▼ 64.5%
Working capital€18,327within the sector's middle half-€20,682within the sector's middle half▲ 12.8%€24,795within the sector's middle half▲ 19.9%€20,786within the sector's middle half▼ 16.2%€19,562within the sector's middle half▼ 5.9%
Solvency41.1%within the sector's middle half-48.1%within the sector's middle half▲ 7.0pp60.9%within the sector's middle half▲ 12.8pp27.2%within the sector's middle half▼ 33.7pp47.0%within the sector's middle half▲ 19.8pp
Current ratio2.43within the sector's middle half-2.50within the sector's middle half▲ 0.072.88within the sector's middle half▲ 0.381.29within the sector's middle half▼ 1.591.81within the sector's middle half▲ 0.52
Return on assets (ROA)35.3%above the sector's middle half-3.9%within the sector's middle half▼ 31.4pp9.7%within the sector's middle half▲ 5.8pp45.3%above the sector's middle half▲ 35.6pp-8.7%below the sector's middle half▼ 54.0pp
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 turns negative in 2024: a loss of €1,669 after €58,600 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47,360
Fixed assets
€3,635 ▼ 35.0%
Current assets
€43,725 ▼ 52.1%
Equity and liabilities €47,360
Equity
€22,281 ▼ 15.5%
Debt
€25,078 ▼ 64.5%
Debt's share of the balance-sheet total falls from 72.8% to 53.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€292▼
2023 · €65,489
Cash flow
-€2,139▼
2023 · €50,841
Debt to equity
1.13▼
2023 · 2.68
ROE
-18.4%▼
2023 · 166.6%
Interest coverage
0.24▼
2023 · 81.06
Debt ≤ 1 year
€24,162▼
2023 · €70,575
Income taxes
€1,189▼
2023 · €13,839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% 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 497,341 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 3,441 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,412 | €7,210 | €7,640 | €6,889 | €1,961 | ▼ 71.5% |
| Gross operating margin9900 | €32,436 | €12,059 | €15,944 | €65,489 | €292 | ▼ 99.6% |
| Operating profit (loss)9901 | €23,975 | €4,849 | €8,304 | €58,600 | -€1,669 | ▼ 103% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | €414 | €301 | €808 | €1,242 | ▲ 53.8% |
| Recurring financial charges65 | €114 | €414 | €301 | €808 | €1,242 | ▲ 53.8% |
| Profit (loss) for the period before taxes9903 | €23,861 | €4,434 | €8,004 | €57,792 | -€2,911 | ▼ 105% |
| Income taxes67/77 | €5,661 | €2,580 | €3,629 | €13,839 | €1,189 | ▼ 91.4% |
| Profit (loss) for the period9904 | €18,200 | €1,854 | €4,375 | €43,953 | -€4,101 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €18,200 | €1,854 | €4,375 | €43,953 | -€4,101 | ▼ 109% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,572 | €47,912 | €45,063 | €96,957 | €47,360 | ▼ 51.2% |
| Fixed assets21/28 | €20,429 | €13,419 | €7,083 | €5,596 | €3,635 | ▼ 35.0% |
| Tangible fixed assets22/27 | €20,429 | €13,219 | €6,883 | €5,396 | €3,435 | ▼ 36.3% |
| Furniture and vehicles24 | - | €13,219 | €6,883 | €5,396 | €3,435 | ▼ 36.3% |
| Financial fixed assets28 | - | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €31,144 | €34,494 | €37,980 | €91,361 | €43,725 | ▼ 52.1% |
| Amounts receivable within one year40/41 | €15,493 | €15,002 | €15,665 | €45,470 | €14,342 | ▼ 68.5% |
| Trade receivables40 | - | €13,583 | €15,275 | €41,309 | €14,342 | ▼ 65.3% |
| Other amounts receivable41 | - | €1,420 | €390 | €4,161 | - | - |
| Current investments50/53 | - | - | - | €1,900 | €7,600 | ▲ 300% |
| Cash at bank and in hand54/58 | €12,999 | €17,110 | €19,958 | €42,256 | €19,935 | ▼ 52.8% |
| Deferred charges and accrued income490/1 | - | €2,381 | €2,357 | €1,735 | €1,848 | ▲ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,572 | €47,912 | €45,063 | €96,957 | €47,360 | ▼ 51.2% |
| Equity10/15 | €21,200 | €23,054 | €27,429 | €26,382 | €22,281 | ▼ 15.5% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €18,200 | €20,054 | €24,429 | €23,382 | €19,281 | ▼ 17.5% |
| Distributable reserves133 | - | €20,054 | €24,429 | €23,382 | €19,281 | ▼ 17.5% |
| Amounts payable17/49 | €30,373 | €24,858 | €17,633 | €70,575 | €25,078 | ▼ 64.5% |
| Amounts payable after more than one year17 | €17,556 | €11,046 | €4,448 | - | - | - |
| Financial debts170/4 | - | €11,046 | €4,448 | - | - | - |
| Amounts payable within one year42/48 | €12,817 | €13,812 | €13,185 | €70,575 | €24,162 | ▼ 65.8% |
| Current portion of amounts payable after more than one year42 | - | €6,510 | €6,598 | €4,448 | - | - |
| Trade debts44 | €5 | €595 | €664 | €4,896 | €252 | ▼ 94.9% |
| Suppliers440/4 | - | €595 | €664 | €4,896 | €252 | ▼ 94.9% |
| Taxes, remuneration and social security45 | - | €6,607 | €4,609 | €15,414 | €3,996 | ▼ 74.1% |
| Taxes450/3 | - | €6,607 | €4,609 | €15,414 | €3,996 | ▼ 74.1% |
| Other amounts payable47/48 | - | €100 | €1,314 | €45,816 | €19,915 | ▼ 56.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €916 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,200 | €1,854 | €4,375 | €43,953 | -€4,101 | ▼ 109% |
| + Depreciation and write-downs630 | €8,412 | €7,210 | €7,640 | €6,889 | €1,961 | ▼ 71.5% |
| Operating cash flow (approximation) | €26,611 | €9,064 | €12,015 | €50,841 | -€2,139 | ▼ 104% |
| Investment in fixed assets (approximation) | - | -€200 | -€1,304 | -€5,402 | €0 | ▲ 100% |
| Change in cash | - | €4,111 | €2,848 | €22,298 | -€22,321 | ▼ 200% |
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
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€4,101
Net result drops to -€4,101, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €43,953 ▲905%
Operating result €58,600, net result €43,953, both a record.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Jodoigne · 1 establishment unit since 2020
Ground area
387 m²
Building footprint
86 m²
Volume, LiDAR
532 m³
Parcel 25048B0053/00T000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Wage Project
since 20202.295.568.841
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25048B0053/00T000 | Wallonia | 387 m² | 1 · 86 m² | 7.4 m · 2 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.
Similar companies · same sector, comparable size
Eliséa Management
BE 1029.782.385
Charleroi · Eq €22,277
JMP MANAGEMENT COMPANY
BE 0685.941.537
Asse · Eq €22,287
MESTRAL
BE 0842.719.370
Ukkel · Eq €22,292
H-CONSULTING
BE 0880.887.385
Oostende · Eq €22,292
"WILDSCAPE"
BE 0695.739.329
Beauvechain · Eq €22,270
Of 82,601 companies in this sector we hold annual accounts for 52,629. 31,754 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Website
www.wageproject.be
E-mail
info@wageproject.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0737567808
Also
9925:BE0737567808
Registered
24-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.