WAMO
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 09-07-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2023
42 d late
2022
91 d late
2021
21 d early
2020
10 d early
2019
24 d early
2018
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?KORYS · 159 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€134.1m▲ 47.9%
2023 · €90.7m
EBIT margin
-1.4%▲ 0.4pp
2023 · -1.9%
Net result
-€2.2m▼ 97.7%
2023 · -€1.1m
Working capital
-€2.8m▼ 265%
2023 · -€769,865
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Turnover€71.1m▲ 0.2%€70.6m▼ 0.7%€84.8m▲ 20.0%€90.7m▲ 7.0%€134.1m-
Operating result€3.2m-€449,144-€7,337▲ 98.4%-€1.7m▼ 22,840%-€1.9m-
Net result€2.5m€149,917▼ 93.9%€163,447▲ 9.0%-€1.1m-€2.2m-
EBIT margin4.5%▲ 5.6pp-0.6%▼ 5.2pp0.0%▲ 0.6pp-1.9%▼ 1.8pp-1.4%-
Equity€4.5m▲ 125%€4.6m▲ 3.4%€4.8m▲ 3.5%€3.6m▼ 23.6%€1.4m-
Total assets€97.3m▼ 10.9%€65.7m▼ 32.4%€28.3m▼ 57.0%€22.7m▼ 19.6%€25.8m-
Debt€92.8m▼ 13.4%€61.1m▼ 34.1%€23.5m▼ 61.5%€19.1m▼ 18.8%€24.4m-
Working capital€2.2m€129,264▼ 94.1%-€82,812-€769,865▼ 830%-€2.8m-
Staff (FTE)30.3▲ 1.7%32.2▲ 6.3%28.5▼ 11.5%28.3▼ 0.7%28.9-
Result per fiscal year
Operating resultNet result
The operating result is -€1.9m in 2025, compared with -€1.7m in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €25.8m
Fixed assets
€4.2m ▼ 5.7%
Current assets
€21.6m ▲ 18.5%
Equity and liabilities €25.8m
Equity
€1.4m ▼ 61.2%
Debt
€24.4m ▲ 28.0%
Debt's share of the balance-sheet total rises from 84.0% to 94.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€72,261▲
2023 · -€504,616
Cash flow
-€242,947▼
2023 · €51,532
Current ratio
0.88▼
2023 · 0.96
Quick ratio
0.14▼
2023 · 0.22
Debt to equity
17.25▲
2023 · 5.24
ROE
-157.4%▼
2023 · -30.9%
ROA
-8.6%▼
2023 · -5.0%
Interest coverage
0.22▲
2023 · -52.35
Debt ≤ 1 year
€24.4m▲
2023 · €19.0m
Income taxes
€4,768▲
2023 · -€104,534
Staff costs
€1.9m▲
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €85.9m | €91.9m | €135.9m | - |
| Turnover70 | €71.1m | €70.6m | €84.8m | €90.7m | €134.1m | - |
| Other operating income74 | - | - | €1.1m | €1.2m | €1.3m | - |
| Non-recurring operating income76A | - | - | €28,717 | €7,300 | €475,243 | - |
| Operating charges60/66A | - | - | €85.9m | €93.6m | €137.8m | - |
| Goods for resale, raw materials and consumables60 | - | - | €72.6m | €77.8m | €113.0m | - |
| Purchases600/8 | - | - | €72.7m | €79.4m | €118.2m | - |
| Change in stocks: decrease (increase)609 | - | - | -€139,884 | -€1.6m | -€5.2m | - |
| Services and other goods61 | - | - | €11.9m | €12.7m | €18.8m | - |
| Remuneration, social security and pensions62 | - | - | €1.2m | €1.1m | €1.9m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.5m | €1.3m | €1.2m | €1.2m | €2.0m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€1.9m | -€435,307 | €1.1m | - |
| Other operating charges640/8 | - | - | €1.0m | €1.3m | €955,155 | - |
| Non-recurring operating charges66A | - | - | - | - | €1,430 | - |
| Operating profit (loss)9901 | €3.2m | -€449,144 | -€7,337 | -€1.7m | -€1.9m | - |
| Financial income75/76B | - | - | €554,113 | €495,734 | €824,460 | - |
| Recurring financial income75 | €389,416 | €480,850 | €554,113 | €495,734 | €824,460 | - |
| Other financial income752/9 | - | - | €554,113 | €495,734 | €824,460 | - |
| Financial charges65/66B | - | - | €150,727 | €44,120 | €1.1m | - |
| Recurring financial charges65 | €174,346 | €215,744 | €150,727 | €44,120 | €1.1m | - |
| Debt charges650 | €107,329 | €131,041 | €23,859 | €9,639 | €328,106 | - |
| Other financial charges652/9 | - | - | €126,868 | €34,481 | €806,794 | - |
| Profit (loss) for the period before taxes9903 | €3.4m | -€184,038 | €396,049 | -€1.2m | -€2.2m | - |
| Income taxes67/77 | €955,185 | -€333,955 | €232,602 | -€104,534 | €4,768 | - |
| Taxes670/3 | - | - | €270,000 | €1,860 | €4,768 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | €37,398 | €106,394 | - | - |
| Profit (loss) for the period9904 | €2.5m | €149,917 | €163,447 | -€1.1m | -€2.2m | - |
| Profit (loss) for the period to be appropriated9905 | €2.5m | €149,917 | €163,447 | -€1.1m | -€2.2m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97.3m | €65.7m | €28.3m | €22.7m | €25.8m | - |
| Fixed assets21/28 | €4.6m | €4.9m | €5.0m | €4.5m | €4.2m | - |
| Intangible fixed assets21 | €240,504 | €209,165 | €164,964 | €138,197 | €93,128 | - |
| Tangible fixed assets22/27 | €3.0m | €3.3m | €3.5m | €3.0m | €4.2m | - |
| Land and buildings22 | - | - | €11,927 | €10,522 | €8,415 | - |
| Plant, machinery and equipment23 | - | - | €1.7m | €1.6m | €3.0m | - |
| Furniture and vehicles24 | - | - | €292,096 | €247,695 | €174,959 | - |
| Leasing and similar rights25 | - | - | €801 | - | - | - |
| Other tangible fixed assets26 | - | - | €1.5m | €1.2m | €941,202 | - |
| Assets under construction and advance payments27 | - | - | - | - | €1,720 | - |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.3m | - | - |
| Affiliated companies280/1 | - | - | €1.3m | €1.3m | - | - |
| Participating interests280 | - | - | €1.3m | €1.3m | - | - |
| Other financial fixed assets284/8 | - | - | €18,308 | €6,240 | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €18,308 | €6,240 | - | - |
| Current assets29/58 | €92.7m | €60.8m | €23.2m | €18.2m | €21.6m | - |
| Amounts receivable after more than one year29 | - | - | €3,673 | €4,329 | - | - |
| Other amounts receivable291 | - | - | €3,673 | €4,329 | - | - |
| Stocks and contracts in progress3 | €8.4m | €9.9m | €12.0m | €14.0m | €18.2m | - |
| Stocks30/36 | - | - | €12.0m | €14.0m | €18.2m | - |
| Goods purchased for resale34 | - | - | €12.0m | €14.0m | €18.2m | - |
| Amounts receivable within one year40/41 | €71.3m | €46.5m | €10.6m | €3.9m | €2.9m | - |
| Trade receivables40 | - | - | €801,723 | €2.5m | €1.9m | - |
| Other amounts receivable41 | - | - | €9.8m | €1.4m | €992,190 | - |
| Cash at bank and in hand54/58 | €13.0m | €4.2m | €434,192 | €92,681 | €206,914 | - |
| Deferred charges and accrued income490/1 | - | - | €149,549 | €134,035 | €229,363 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97.3m | €65.7m | €28.3m | €22.7m | €25.8m | - |
| Equity10/15 | €4.5m | €4.6m | €4.8m | €3.6m | €1.4m | - |
| Contributions10/11 | €30,987 | - | €30,987 | €30,987 | €30,987 | - |
| Reserves13 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | - |
| Non-distributable reserves130/1 | - | - | €3,099 | - | - | - |
| Reserves not available under the articles1311 | - | - | €3,099 | - | - | - |
| Distributable reserves133 | - | - | - | €3,099 | €3,099 | - |
| Profit (loss) carried forward14 | €4.4m | €4.6m | €4.7m | €3.6m | €1.4m | - |
| Amounts payable17/49 | €92.8m | €61.1m | €23.5m | €19.1m | €24.4m | - |
| Amounts payable after more than one year17 | €2.0m | €385,901 | €125,746 | - | - | - |
| Financial debts170/4 | - | - | €125,746 | - | - | - |
| Credit institutions173 | - | - | €125,746 | - | - | - |
| Amounts payable within one year42/48 | €90.5m | €60.7m | €23.3m | €19.0m | €24.4m | - |
| Current portion of amounts payable after more than one year42 | - | - | €241,606 | €125,746 | - | - |
| Trade debts44 | €8.9m | €15.4m | €11.1m | €18.5m | €6.7m | - |
| Suppliers440/4 | - | - | €11.1m | €18.5m | €6.7m | - |
| Taxes, remuneration and social security45 | - | - | €257,905 | €236,546 | €197,746 | - |
| Taxes450/3 | - | - | €4,805 | €6,946 | €8,543 | - |
| Remuneration and social security454/9 | - | - | €253,100 | €229,600 | €189,203 | - |
| Other amounts payable47/48 | - | - | €11.7m | €97,238 | €17.5m | - |
| Accrued charges and deferred income492/3 | - | - | €50,590 | €91,614 | €23,283 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.5m | €149,917 | €163,447 | -€1.1m | -€2.2m | - |
| + Depreciation and write-downs630 | €1.5m | €1.3m | €1.2m | €1.2m | €2.0m | - |
| Operating cash flow (approximation) | €3.9m | €1.4m | €1.3m | €51,532 | -€242,947 | - |
| Investment in fixed assets (approximation) | - | -€1.6m | -€1.3m | -€653,863 | - | - |
| Change in cash | - | -€8.7m | -€3.8m | -€341,511 | - | - |
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
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-01
Financial
Weakest financial yearnet -€2.2m
Net result drops to -€2.2m, the lowest in the series.
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
Financial
Back to profitnet €2.5m
Net result €2.5m after one loss-making year.
31-07
Financial
Equity above €2mEq €4.5m ▲125%
Equity rises from €2.0m to €4.5m.
05-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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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Structure & network
Part of the group
KORYS
159 companies
Group, risk and exposure
Owners and holdings
1 owner · 11 holdingsChain of control
Highest known parent: KORYS. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 11
- CAVRILOsubsidiaryEquity €603,279Result -€537,30899.6%
-
0.01%
- Equity -€793,916Result -€122,5700.01%
- Equity -€60,254Result -€308,2160.01%
-
0.01%
-
0.01%
-
0.01%
- Equity -€628,026Result -€284,9090.01%
- Equity -€323,168Result -€249,1270.01%
-
0.01%
Show 1 more holdings
-
0.01%
According to the annual accounts to 31-07-2023 of WAMO 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300VKG3VOO8PJZR97