WAM

Active

Public limited companyfounded 1979active for 47 yearsEngelsenlaan 90, 9600 Ronse, BelgiumKBO/BCE: BE 0419.726.522

Summary

WAM has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of -€143,736. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 33% of 9,760 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

WAMActiveChecked score 93/100

Risk analysis Report Compare

Activity

Wholesale of meat and meat products, excluding game and poultry

NACE 46321Retail sale of meat and meat products, excluding game and poultry NACE 47221

10th oldest company in Ronse, Wholesale and retail trade sector1 site

Size

€5.8mtotal assets 2025

Staff: 0.7 FTE
Equity: €1.5m
Loss: -€143,736

Turnover not published (abbreviated format)

Financial health

93 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Jean-Paul De rooseManaging director
Thierry De rooseManaging director

2025 accounts 31 days early2 of 9 deeds summarised

Why 93raises riskLoss of €143,736 (financial year 2025)1 of the last 3 latelowers riskSize: 0.7 FTE, total assets €5.8mFounded in 1979Show the evidence

Checked score

Score 2025

93 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 41% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 51-49

equity 26.5% of total assets

Liquidity 60-35

short-term debt 73.5% · cash 55.6%

Profitability 16-62

return on assets -2.5%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,883 companies, NACE 46, micro)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: 0.1%▲ +0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.3 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026highest value 04-2026: 0.3%▼ -0.1 percentage points vs 03-2026 05-2026: 0.1%▼ -0.2 percentage points vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €140,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.79, compared with 2.86 in 2023, below 1; short-term debt: 73.5% and cash: 55.6% of total assets), and 73.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 37% on solvency, 66% on liquidity and 20% on profitability.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: 0.7 FTE, total assets €5.8m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 1979

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Loss of €143,736 (financial year 2025)

NBB · annual accounts

1 of the last 3 late

NBB · filings

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

31 days early

2023

9 days late

2022

31 days late

2021

26 days late

2020

25 days late

2019

11 days late

2018

27 days late

← 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 14 days after the deadline; the sector median (NACE 46) for financial year 2023 is 2 days before the deadline, and 40% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-03-2026 Annual accounts filedfinancial year 2025 · abbreviated…
30-09-2025 Weakest financial yearnet -€143,736
28-02-2025 Amendment of the articlesPower of attorney

Key points

Caution: Among the weakest 5% on net resultsector median €26,866 · 9,739 companies -€143,736 View
Active since 1979founded 29-08-1979 47 years View
Board2 directors in office 2 View

By topic

Financials

Financial year: 2025
Total assets: €5.8m
Loss: -€143,736
Solvency: 26.5%

Total assets▲ 184%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members

Jean-Paul De rooseManaging director
Thierry De rooseManaging director

Go to Board & ownership

Timeline

Events: 50
Since: 1981

09-08-2024Annual accounts filed
20-12-2023Resignations: Thierry De roose (director and managing…
31-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale of meat and meat products, excluding game…NACE 46321
Founded: 29-08-1979
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 37

Annual meeting: Last Saturday of March at 11:00
Purpose: “De groothandel en klein-handel,de bewerking en de afwerking van alle vleeswaren,alsmede…” (deed in Dutch)

Go to Articles of association

Key facts about WAM

What is the company number of WAM?: 0419.726.522. In Belgium the VAT number is the company number with BE in front: BE 0419.726.522.
Where is WAM based?: The registered office is at Engelsenlaan 90, 9600 Ronse.Company details
What does WAM do?: According to the KBO register, the main activity is wholesale of meat and meat products, excluding game and poultry (NACE 46321).
What is the legal form of WAM?: Public limited company (NV).
When was WAM founded?: On 29-08-1979.
Is WAM still active?: Yes, WAM is an active enterprise in the KBO register.
How many employees does WAM have?: On average 0.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of WAM?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is WAM profitable?: In financial year 2025, WAM made a loss of €143,736.
Where can I find the annual accounts of WAM?: WAM filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.