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WAN

Active
Private limited companyfounded 2023active for 3 yearsZandstraat(SP) 60, 9170 Sint-Gillis-Waas, BelgiumKBO/BCE: BE 0802.740.425
Summary

The computed 12-month bankruptcy probability of WAN is 4.8% (elevated). The 2024 annual accounts show equity of €8,104 and a net result of €2,442. Its solvency ranks better than 24% of 3,513 sector peers (NACE 95, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 29 October 2026.

Turnover
≈ €440,000
Estimated: probably between €350,000 and €600,000
Total assets
€102,189▼ 8.4%
2023 · €111,556
Net result
€2,442▲ 269%
2023 · €662
Working capital
€2,426▲ 64.7%
2023 · €1,473
Trend over the years

2023 to 2024, 2 financial years

The operating result rises in 2024; 2024 is 3.7 times 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€2,442 2024 Net result€2,442 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20232024
Operating result€662-€2,442▲ 269%
Net result€662within the sector's middle half-€2,442within the sector's middle half▲ 269%
Equity€5,662below the sector's middle half-€8,104within the sector's middle half▲ 43.1%
Total assets€111,556within the sector's middle half-€102,189within the sector's middle half▼ 8.4%
Debt€105,894-€81,602▼ 22.9%
Working capital€1,473within the sector's middle half-€2,426within the sector's middle half▲ 64.7%
Solvency5.1%below the sector's middle half-7.9%below the sector's middle half▲ 2.9pp
Current ratio1.02within the sector's middle half-1.03within the sector's middle half▲ 0.01
Return on assets (ROA)0.6%within the sector's middle half-2.4%within the sector's middle half▲ 1.8pp
Staff (FTE)2-2=
above within below the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €102,189
Fixed assets €22,656 ▼ 29.3%
Current assets €79,533 =
Equity and liabilities €102,189
Equity €8,104 ▲ 43.1%
Provisions €12,483
Debt €81,602 ▼ 22.9%
Debt's share of the balance-sheet total falls from 94.9% to 79.9%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€11,817▲
2023 · €6,131
Cash flow
€11,817▲
2023 · €6,131
Debt to equity
10.07▼
2023 · 18.70
ROE
30.1%▲
2023 · 11.7%
Debt ≤ 1 year
€77,107▼
2023 · €78,052
Staff costs
€122,930▲
2023 · €48,788
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.0% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.4% stopped otherwise
92.0% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.8% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,135 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€111,556€102,189▼
Fixed assets21/28€32,031€22,656▼
Tangible fixed assets22/27€32,031€22,656▼
Plant, machinery and equipment23€32,031€22,656▼
Current assets29/58€79,525€79,533=
Amounts receivable within one year40/41€64,582€72,349▲
Trade receivables40€64,582€72,349▲
Cash at bank and in hand54/58€14,943€4,187▼
Deferred charges and accrued income490/1-€2,996
Equity and liabilities
Total equity and liabilities10/49€111,556€102,189▼
Equity10/15€5,662€8,104▲
Contributions10/11€5,000€5,000=
Reserves13€662€3,104▲
Distributable reserves133€662€3,104▲
Provisions and deferred taxes16-€12,483
Provisions for liabilities and charges160/5-€12,483
Other liabilities and charges164/5-€12,483
Amounts payable17/49€105,894€81,602▼
Amounts payable within one year42/48€78,052€77,107▼
Trade debts44€1,166€2,277▲
Suppliers440/4€1,166€2,277▲
Taxes, remuneration and social security45€11,647€15,596▲
Taxes450/3€9,068€15,596▲
Remuneration and social security454/9€2,579-
Other amounts payable47/48€65,239€59,233▼
Accrued charges and deferred income492/3€27,842€4,495▼
Income statement Code20232024
Non-recurring operating income76A€1,225€902▼
Remuneration, social security and pensions62€48,788€122,930▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,469€9,375▲
Non-recurring operating charges66A-€12,483
Gross operating margin9900€54,919€147,231▲
Operating profit (loss)9901€662€2,442▲
Profit (loss) for the period before taxes9903€662€2,442▲
Profit (loss) for the period9904€662€2,442▲
Profit (loss) for the period to be appropriated9905€662€2,442▲
Appropriation of the result
Profit (loss) to be appropriated9906€662€2,442▲
Transfer to equity691/2€662€2,442▲
To other reserves6921€662€2,442▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Non-recurring operating income76A€1,225€902▼ 26.4%
Remuneration, social security and pensions62€48,788€122,930▲ 152%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,469€9,375▲ 71.4%
Non-recurring operating charges66A-€12,483-
Gross operating margin9900€54,919€147,231▲ 168%
Operating profit (loss)9901€662€2,442▲ 269%
Profit (loss) for the period before taxes9903€662€2,442▲ 269%
Profit (loss) for the period9904€662€2,442▲ 269%
Profit (loss) for the period to be appropriated9905€662€2,442▲ 269%
Line20232024Change
Assets
Total assets20/58€111,556€102,189▼ 8.4%
Fixed assets21/28€32,031€22,656▼ 29.3%
Tangible fixed assets22/27€32,031€22,656▼ 29.3%
Plant, machinery and equipment23€32,031€22,656▼ 29.3%
Current assets29/58€79,525€79,533=
Amounts receivable within one year40/41€64,582€72,349▲ 12.0%
Trade receivables40€64,582€72,349▲ 12.0%
Cash at bank and in hand54/58€14,943€4,187▼ 72.0%
Deferred charges and accrued income490/1-€2,996-
Equity and liabilities
Total equity and liabilities10/49€111,556€102,189▼ 8.4%
Equity10/15€5,662€8,104▲ 43.1%
Contributions10/11€5,000€5,000=
Reserves13€662€3,104▲ 369%
Distributable reserves133€662€3,104▲ 369%
Provisions and deferred taxes16-€12,483-
Provisions for liabilities and charges160/5-€12,483-
Other liabilities and charges164/5-€12,483-
Amounts payable17/49€105,894€81,602▼ 22.9%
Amounts payable within one year42/48€78,052€77,107▼ 1.2%
Trade debts44€1,166€2,277▲ 95.3%
Suppliers440/4€1,166€2,277▲ 95.3%
Taxes, remuneration and social security45€11,647€15,596▲ 33.9%
Taxes450/3€9,068€15,596▲ 72.0%
Remuneration and social security454/9€2,579--
Other amounts payable47/48€65,239€59,233▼ 9.2%
Accrued charges and deferred income492/3€27,842€4,495▼ 83.9%
Line20232024Change
Profit (loss) for the period9904€662€2,442▲ 269%
+ Depreciation and write-downs630€5,469€9,375▲ 71.4%
Operating cash flow (approximation)€6,131€11,817▲ 92.8%
Investment in fixed assets (approximation)-€0-
Change in cash--€10,756-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2024 micro format 26-08-2025 2025-00408072
31-12-2023 micro format 27-08-2024 2024-00400706

Similar companies · same sector, comparable size

Of the 7,297 active companies whose main activity is general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311), figures are known for 3,015. 1,147 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2023 · 1 entry · €328 awarded · €328 paid
Schemes
1 entry · €328 · €328 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.