Wagram 1
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,795, larger than the loss of €4,761 in 2024.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €861,893 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €695 | €384 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | -€6,143 | -€3,793 | -€3,793 | -€3,797 | ▼ 0.1% |
| Operating profit (loss)9901 | -€6,838 | -€4,178 | -€4,761 | -€4,795 | ▼ 0.7% |
| Financial charges65/66B | €30 | €24 | €24 | €24 | = |
| Recurring financial charges65 | €30 | €24 | €24 | €24 | = |
| Profit (loss) for the period before taxes9903 | -€6,868 | -€4,202 | -€4,785 | -€4,819 | ▼ 0.7% |
| Profit (loss) for the period9904 | -€6,868 | -€4,202 | -€4,785 | -€4,819 | ▼ 0.7% |
| Profit (loss) for the period to be appropriated9905 | -€6,868 | -€4,202 | -€4,785 | -€4,819 | ▼ 0.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €893,133 | €888,931 | €884,146 | €879,327 | ▼ 0.5% |
| Fixed assets21/28 | €861,893 | €861,893 | €861,893 | €861,893 | = |
| Tangible fixed assets22/27 | €861,893 | €861,893 | €861,893 | €861,893 | = |
| Land and buildings22 | €790,259 | €790,259 | €790,259 | €790,259 | = |
| Plant, machinery and equipment23 | €71,634 | €71,634 | €71,634 | €71,634 | = |
| Current assets29/58 | €31,239 | €27,038 | €22,253 | €17,434 | ▼ 21.7% |
| Cash at bank and in hand54/58 | €31,239 | €27,038 | €22,253 | €17,434 | ▼ 21.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €893,133 | €888,931 | €884,146 | €879,327 | ▼ 0.5% |
| Equity10/15 | €893,133 | €888,931 | €884,146 | €879,327 | ▼ 0.5% |
| Contributions10/11 | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Capital10 | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Issued capital100 | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Profit (loss) carried forward14 | -€6,868 | -€11,069 | -€15,854 | -€20,673 | ▼ 30.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,868 | -€4,202 | -€4,785 | -€4,819 | ▼ 0.7% |
| Operating cash flow (approximation) | -€6,868 | -€4,202 | -€4,785 | -€4,819 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€4,202 | -€4,785 | -€4,819 | ▼ 0.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 480 companies had the same profile as Wagram 1 has now. Two years later, 95.8% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Wagram 1 itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 480 companies, not a prediction for Wagram 1. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.