Wanaka Capital Solutions
Wanaka Capital Solutions has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €321k and a net result of €-350k. Equity is shrinking by ~22% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 39% of 3112 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €321k |
| Net result | €-350k |
| Better than sector | 39% |
| Active | 20 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 39.9% | 52.8% | |
| Net result | €-350k | €58k | |
| Equity | €321k | €1.05M | |
| Gross operating margin | €-30k | €100k | |
| Staff costs | €7k | €342k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-186k | €-511k | €-56k | €3.05M | €134k |
| Net profit | €-350k | €-684k | €-81k | €2.31M | €123k |
| Cash flow | €-203k | €-538k | €-30k | €2.35M | €138k |
| Staff costs | €7k | €1.45M | €1.31M | €1.01M | €756k |
| Income taxes | - | €0 | €7k | €784k | €50k |
| Dividends | €0 | €2.80M | - | - | €0 |
| Total assets | €803k | €1.25M | €6.02M | €5.95M | €3.24M |
| Equity | €321k | €792k | €4.28M | €4.36M | €2.05M |
| Debt | €482k | €457k | €1.74M | €1.59M | €1.19M |
| of which ≤ 1y | €470k | €457k | €1.65M | €1.53M | €1.13M |
| of which > 1y | - | - | - | - | - |
| Working capital | €-229k | €171k | €4.06M | €4.10M | €1.98M |
| Employees (FTE) | 0.0 | 15.8 | 13.9 | 10.5 | 10.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.51 | 1.37 | 3.46 | 3.68 | 2.75 |
| Quick ratio | 0.51 | 1.37 | 3.46 | 3.68 | 2.75 |
| Working capital ratio | -28.6% | 13.7% | 67.5% | 68.9% | 61.1% |
| Solvency | 39.9% | 63.4% | 71.1% | 73.2% | 63.4% |
| Debt / equity | 1.50 | 0.58 | 0.41 | 0.37 | 0.58 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -11.04 | -5.76 | -0.57 | 111.67 | 7.56 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -43.6% | -54.8% | -1.4% | 38.7% | 3.8% |
| ROE | -109.2% | -86.4% | -1.9% | 52.9% | 6.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €803k | €1.25M | €6.02M | €5.95M | €3.24M |
| Fixed assets | 21/28 | €562k | €621k | €302k | €322k | €129k |
| Intangible fixed assets | 21 | €554k | €383k | €1k | €3k | €6k |
| Tangible fixed assets | 22/27 | €9k | €235k | €299k | €317k | €100k |
| Financial fixed assets | 28 | €50 | €3k | €3k | €3k | €23k |
| Current assets | 29/58 | €240k | €628k | €5.71M | €5.63M | €3.11M |
| Amounts receivable within one year | 40/41 | €226k | €200k | €720k | €455k | €516k |
| Cash & bank | 54/58 | €6k | €113k | €181k | €452k | €70k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €803k | €1.25M | €6.02M | €5.95M | €3.24M |
| Equity | 10/15 | €321k | €792k | €4.28M | €4.36M | €2.05M |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €11k | €12k | €12k | €12k | €12k |
| Accumulated profits (losses) | 14 | €248k | €719k | €4.20M | €4.28M | €1.98M |
| Amounts payable | 17/49 | €482k | €457k | €1.74M | €1.59M | €1.19M |
| Amounts payable within one year | 42/48 | €470k | €457k | €1.65M | €1.53M | €1.13M |
| Trade debts payable within one year | 44 | €88k | €192k | €363k | €281k | €499k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-30k | €1.06M | €1.33M | €4.10M | €893k |
| Operating result | 9901 | €-334k | €-658k | €-107k | €3.00M | €119k |
| Financial income | 75 | €343 | €62k | €132k | €119k | €72k |
| Financial charges | 65 | €17k | €89k | €99k | €27k | €18k |
| Result before taxes | 9903 | €-350k | €-684k | €-74k | €3.09M | €174k |
| Income taxes | 67/77 | - | €0 | €7k | €784k | €50k |
| Net result for the period | 9904 | €-350k | €-684k | €-81k | €2.31M | €123k |
| Result to be appropriated | 9905 | €-350k | €-684k | €-81k | €2.31M | €123k |
-
ARISE BVLegal entityDirectorState Gazette act 25123314 (30-09-2025)Current30-09-2025 → present
-
GILCOR INVEST BVLegal entityDirectorState Gazette act 25123314 (30-09-2025)Current30-09-2025 → present
Historic, not recently confirmed (4)
-
Arnaud TrejbiezMandataireState Gazette act 20031104 (26-02-2020)Not recently confirmedlast confirmed in an act from 2020
-
ARISEDirectorState Gazette act 18019470 (26-01-2018)Not recently confirmedlast confirmed in an act from 2018
2 events
- 26-01-2018 Appointed· Director
- 26-01-2018 Appointed· Managing director
-
GILCOR INVESTDirectorState Gazette act 18019470 (26-01-2018)Not recently confirmedlast confirmed in an act from 2018
-
Gilcor Invest sprlLegal entityDirectorState Gazette act 12018194 (20-01-2012)Not recently confirmedlast confirmed in an act from 2012
Permanent representatives (1)
-
Charles NaeyaertReprésentant permanent de gilcor invest sprlState Gazette act 12018194 (20-01-2012)Permanent representative20-01-2012 → present
Former directors (1)
-
Yves De KosterDirectorState Gazette act 08196964 (22-12-2008)Former22-12-2008 → 20-01-2012
2 events
- 20-01-2012 Resigned· Director
- 22-12-2008 Appointed· Director
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 11-01-2006 |
| Status | Active |
| Postal code | 1210 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0112/00K002 | Brussels | 3,162 m² | 1 · 2,256 m² | 79.3 m · 19 fl. |
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 fl. |
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-09-2025 2 directors appointed
- ARISE BV, Bestuurder
- GILCOR INVEST BV, Bestuurder
Technical details
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}24-01-2025 Capital increase of €5,208.36 to €66,708.36
- €61.500 → €66.708,36
Technical details
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}21-11-2024 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"patrimony_description": "Het overgedragen vermogen omvat de bedrijfstak van de Partieel te Splitsen Vennootschap met betrekking tot het beheer van onroerend goedvennootschappen van derden, diensten inzake projectmanagement, sustainability en ESG-management met betrekking tot onroerende goederen, evenals de bijhorende activa, passiva, rechten en verplichtingen. De huurovereenkomst voor het onroerend goed te Gent, Zuiderpoo",
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}24-11-2023 Articles of association amended
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}26-11-2021 Registered office moved within Bruxelles
- Boulevard DeRei Atbat 7,1210 Bruxelles → Boulevard Saint-Lazare 4/10, 1210 Bruxelles
Technical details
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}26-02-2020 Registered office moved from Ixelles to St-Josse-Ten-Noode
- Avenue Louise 65 bte 12 - 1050 Ixelles → Boulevard Albert II, 7, 1210 St-Josse-Ten-Noode
Technical details
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}27-03-2018 Publication in the Belgian Official Gazette, Minor change
Technical details
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}20-02-2018 Articles of association amended
Technical details
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}26-01-2018 3 directors appointed
- ARISE, Bestuurder
- GILCOR INVEST, Bestuurder
- ARISE, Gedelegeerd bestuurder
Technical details
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}20-01-2012 2 directors appointed, 1 resigning
- Gilcor Invest sprl, Bestuurder
- Charles Naeyaert, Représentant permanent de gilcor invest sprl
- Yves De Koster, Bestuurder
Technical details
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{
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}22-12-2008 Yves De Koster appointed as director
- Yves De Koster, Bestuurder
Technical details
{
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}
}| Legal nameNL | Wanaka Capital Solutions |