WAMCO
ActiveSummary
WAMCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€246,695) and a net result of €63,938. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 9% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-1
Solvency20▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 0.99 in 2024; short-term debt: 1.1% and cash: 0.3% of total assets), and equity is negative.
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Signals
Six 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.2%
Return on assets
1.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
26 d early
2023
25 d early
2022
20 d early
2021
4 d early
2020
14 d early
2019
30 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 19 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€246,695▲ 20.6%
2024 · -€310,633
Total assets
€4.8m▲ 17.0%
2024 · €4.1m
Net result
€63,938▼ 41.6%
2024 · €109,571
Working capital
-€1,504▲ 57.4%
2024 · -€3,529
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,711€96,631€139,922▲ 44.8%€114,970▼ 17.8%€106,593▼ 7.3%
Net result-€13,955below the sector's middle half€65,587above the sector's middle half€46,900within the sector's middle half▼ 28.5%€109,571above the sector's middle half▲ 134%€63,938within the sector's middle half▼ 41.6%
Equity-€532,691below the sector's middle half▼ 2.7%-€467,104below the sector's middle half▲ 12.3%-€420,203below the sector's middle half▲ 10.0%-€310,633below the sector's middle half▲ 26.1%-€246,695below the sector's middle half▲ 20.6%
Total assets€64,426below the sector's middle half▼ 5.6%€3.7mabove the sector's middle half▲ 5,649%€4.4mabove the sector's middle half▲ 18.9%€4.1mabove the sector's middle half▼ 7.4%€4.8mabove the sector's middle half▲ 17.0%
Debt€597,117▲ 1.7%€4.2m▲ 599%€4.8m▲ 15.6%€4.4m▼ 9.0%€5.0m▲ 14.3%
Working capital-€592,772▼ 4.4%€66,958-€37,346-€3,529▲ 90.6%-€1,504▲ 57.4%
Solvency-826.8%below the sector's middle half▼ 66.5pp-12.6%below the sector's middle half▲ 814.2pp-9.5%below the sector's middle half▲ 3.1pp-7.6%below the sector's middle half▲ 1.9pp-5.2%below the sector's middle half▲ 2.4pp
Staff (FTE)11=1=1=
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 has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.8m
Fixed assets
€4.7m ▲ 23.5%
Current assets
€51,247 ▼ 80.1%
Key figures and ratios
EBITDA
€168,827▲
2024 · €167,156
Cash flow
€126,171▼
2024 · €161,756
Current ratio
0.97▼
2024 · 0.99
Debt to equity
-20.34▼
2024 · -14.13
ROA
1.3%▼
2024 · 2.7%
Interest coverage
1.07▲
2024 · 0.90
Debt ≤ 1 year
€52,751▼
2024 · €261,418
Debt > 1 year
€4.5m▲
2024 · €3.8m
Income taxes
€665▼
2024 · €692
Staff costs
€45,477▲
2024 · €43,222
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €23,449 | €41,363 | €43,222 | €45,477 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,025 | €10,080 | €28,627 | €52,186 | €62,234 | ▲ 19.3% |
| Other operating charges640/8 | €468 | €469 | €509 | €1,996 | €1,753 | ▼ 12.2% |
| Gross operating margin9900 | €1,782 | €130,629 | €210,420 | €212,374 | €216,057 | ▲ 1.7% |
| Operating profit (loss)9901 | -€6,711 | €96,631 | €139,922 | €114,970 | €106,593 | ▼ 7.3% |
| Financial income75/76B | €2 | €691 | €90,002 | €180,006 | €116,337 | ▼ 35.4% |
| Recurring financial income75 | €2 | €691 | €90,002 | €180,006 | €116,337 | ▼ 35.4% |
| Financial charges65/66B | €795 | €369 | €182,400 | €184,714 | €158,329 | ▼ 14.3% |
| Recurring financial charges65 | €795 | €369 | €182,400 | €184,714 | €158,329 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | -€7,505 | €96,953 | €47,523 | €110,262 | €64,602 | ▼ 41.4% |
| Income taxes67/77 | €6,450 | €31,366 | €623 | €692 | €665 | ▼ 3.9% |
| Profit (loss) for the period9904 | -€13,955 | €65,587 | €46,900 | €109,571 | €63,938 | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | -€13,955 | €65,587 | €46,900 | €109,571 | €63,938 | ▼ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,426 | €3.7m | €4.4m | €4.1m | €4.8m | ▲ 17.0% |
| Fixed assets21/28 | €60,082 | €3.1m | €3.9m | €3.8m | €4.7m | ▲ 23.5% |
| Tangible fixed assets22/27 | €60,082 | €65,939 | €257,465 | €220,587 | €194,421 | ▼ 11.9% |
| Land and buildings22 | €22,452 | €21,489 | €20,527 | €19,565 | €18,601 | ▼ 4.9% |
| Plant, machinery and equipment23 | €3,480 | €8,538 | €7,416 | €7,082 | €11,231 | ▲ 58.6% |
| Furniture and vehicles24 | €34,150 | €35,911 | €229,522 | €193,941 | €164,589 | ▼ 15.1% |
| Financial fixed assets28 | - | €3.0m | €3.6m | €3.6m | €4.5m | ▲ 25.7% |
| Current assets29/58 | €4,344 | €638,173 | €545,579 | €257,889 | €51,247 | ▼ 80.1% |
| Amounts receivable within one year40/41 | €1,050 | €25,059 | €20,139 | €22,088 | €28,537 | ▲ 29.2% |
| Trade receivables40 | - | €25,059 | €20,139 | €21,780 | €25,652 | ▲ 17.8% |
| Other amounts receivable41 | €1,050 | - | - | €308 | €2,885 | ▲ 836% |
| Cash at bank and in hand54/58 | €2,880 | €610,410 | €520,299 | €229,830 | €15,040 | ▼ 93.5% |
| Deferred charges and accrued income490/1 | €415 | €2,705 | €5,141 | €5,972 | €7,670 | ▲ 28.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,426 | €3.7m | €4.4m | €4.1m | €4.8m | ▲ 17.0% |
| Equity10/15 | -€532,691 | -€467,104 | -€420,203 | -€310,633 | -€246,695 | ▲ 20.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €79,305 | €79,305 | - | - | - | - |
| Distributable reserves133 | €79,305 | €79,305 | - | - | - | - |
| Profit (loss) carried forward14 | -€618,196 | -€552,609 | -€426,403 | -€316,833 | -€252,895 | ▲ 20.2% |
| Amounts payable17/49 | €597,117 | €4.2m | €4.8m | €4.4m | €5.0m | ▲ 14.3% |
| Amounts payable after more than one year17 | - | €3.6m | €4.1m | €3.8m | €4.5m | ▲ 19.4% |
| Financial debts170/4 | - | - | €98,091 | €73,944 | €48,804 | ▼ 34.0% |
| Other amounts payable178/9 | - | €3.6m | €4.0m | €3.7m | €4.5m | ▲ 20.5% |
| Amounts payable within one year42/48 | €597,117 | €571,216 | €582,924 | €261,418 | €52,751 | ▼ 79.8% |
| Current portion of amounts payable after more than one year42 | - | - | €23,194 | €24,147 | €25,140 | ▲ 4.1% |
| Trade debts44 | €10,207 | €12,343 | €2,767 | €3,144 | €9,485 | ▲ 202% |
| Suppliers440/4 | €10,207 | €12,343 | €2,767 | €3,144 | €9,485 | ▲ 202% |
| Taxes, remuneration and social security45 | €826 | €10,578 | €27,654 | €16,046 | €18,126 | ▲ 13.0% |
| Taxes450/3 | €826 | €10,011 | €23,680 | €9,997 | €11,938 | ▲ 19.4% |
| Remuneration and social security454/9 | - | €567 | €3,974 | €6,048 | €6,188 | ▲ 2.3% |
| Other amounts payable47/48 | €586,083 | €548,294 | €529,310 | €218,082 | - | - |
| Accrued charges and deferred income492/3 | - | - | €180,197 | €360,197 | €465,157 | ▲ 29.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,955 | €65,587 | €46,900 | €109,571 | €63,938 | ▼ 41.6% |
| + Depreciation and write-downs630 | €8,025 | €10,080 | €28,627 | €52,186 | €62,234 | ▲ 19.3% |
| Operating cash flow (approximation) | -€5,930 | €75,667 | €75,527 | €161,756 | €126,171 | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | -€3.0m | -€820,153 | -€15,307 | -€960,416 | ▼ 6,174% |
| Change in cash | - | €607,530 | -€90,111 | -€290,469 | -€214,789 | ▲ 26.1% |
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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €109,571 ▲134%
Net result €109,571, the highest in the series.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €65,587
Net result €65,587 after one loss-making year.
30-09
Financial
Liquidity times 154current ratio 1.12
Current ratio from 0.01 to 1.12; short-term debt falls from €597,117 to €571,216.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €55,973
Net result €55,973 after 2 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 2007
Ground area
244 m²
Building footprint
103 m²
Volume, LiDAR
1,236 m³
Parcel 21447B0308/00H003, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
WAMCO
since 20072.213.941.559
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0308/00H003 | Brussels | 244 m² | 1 · 102 m² | 17.2 m · 5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
15%
According to the annual accounts to 30-09-2025 of WAMCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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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 82,642 companies in sector 70200 we hold annual accounts for 52,589. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-2007
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889048055
Also
9925:BE0889048055
Registered
04-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.