WANG
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 24 days after the deadline Filed on 24 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00045659.
Annual accounts 2025 filed on 24-02-2026 PDF all 23 filings
Every figure per financial year
The operating result for 2025 is a loss of €112,526, larger than the loss of €9,687 in 2024. It is the lowest result since 2021.
- 2025 Net result -366% on 2024. The accounts now follow the micro format, last year the abbreviated format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 30-06-2021 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €0 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | €94 | €0.001m | €94 | €94 | €0.001m | - | - | - |
| Gross operating margin9900 | -€0.02m | -€0.03m | -€390 | -€0.01m | -€0.008m | -€0.01m | -€0.1m | ▼ 1,062% |
| Operating profit (loss)9901 | -€0.02m | -€0.03m | -€484 | -€0.01m | -€0.009m | -€0.01m | -€0.1m | ▼ 1,062% |
| Financial income75/76B | €0.05m | €0.02m | €0.01m | €0.02m | €0.008m | €0.01m | €0.001m | ▼ 93.2% |
| Recurring financial income75 | €0.05m | €0.02m | €0.01m | €0.02m | €0.008m | €0.01m | €0.001m | ▼ 93.2% |
| Financial charges65/66B | €1.7m | €0.2m | €0.08m | €0.05m | €0.2m | €0.1m | €0.3m | ▲ 152% |
| Recurring financial charges65 | €0.004m | €0.008m | €0.03m | €0.008m | -€0.01m | €57 | €0.08m | ▲ 1,466× |
| Non-recurring financial charges66B | €1.6m | €0.2m | €0.06m | €0.04m | €0.2m | €0.1m | €0.2m | ▲ 74.4% |
| Profit (loss) for the period before taxes9903 | -€1.6m | -€0.3m | -€0.07m | -€0.04m | -€0.2m | -€0.1m | -€0.4m | ▼ 271% |
| Income taxes67/77 | €0.005m | €0.02m | €0.02m | €45 | €0 | -€0.02m | €295 | - |
| Profit (loss) for the period9904 | -€1.6m | -€0.3m | -€0.1m | -€0.04m | -€0.2m | -€0.08m | -€0.4m | ▼ 366% |
| Profit (loss) for the period to be appropriated9905 | -€1.6m | -€0.3m | -€0.1m | -€0.04m | -€0.2m | -€0.08m | -€0.4m | ▼ 366% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.1m | €1.9m | €1.8m | €1.9m | €1.4m | €1.4m | €1.0m | ▼ 28.7% |
| Fixed assets21/28 | €0.8m | €0.6m | €0.5m | €0.5m | €0.3m | €0.2m | €0.01m | ▼ 93.0% |
| Financial fixed assets28 | €0.8m | €0.6m | €0.5m | €0.5m | €0.3m | €0.2m | €0.01m | ▼ 93.0% |
| Current assets29/58 | €1.3m | €1.3m | €1.3m | €1.4m | €1.1m | €1.2m | €1.0m | ▼ 17.6% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.2m | €0.2m | €0 | - | - | - |
| Other amounts receivable41 | €0.1m | €0.1m | €0.2m | €0.2m | €0 | - | - | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.2m | €1.2m | €1.1m | €1.2m | €1.1m | €1.2m | €1.0m | ▼ 17.6% |
| Deferred charges and accrued income490/1 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.1m | €1.9m | €1.8m | €1.9m | €1.4m | €1.4m | €1.0m | ▼ 28.7% |
| Equity10/15 | €1.9m | €1.6m | €1.6m | €1.5m | €1.3m | €1.2m | €0.9m | ▼ 30.7% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | €0 | - | - | - | - | - | - | - |
| Issued capital100 | €0 | - | - | - | - | - | - | - |
| Contributions outside capital11 | €0.02m | - | - | - | - | - | - | - |
| Other1109/19 | €0.02m | - | - | - | - | - | - | - |
| Revaluation surpluses12 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €1.3m | €1.1m | €1.0m | €0.9m | €0.7m | €0.7m | €0.7m | = |
| Non-distributable reserves130/1 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | €0 | - | - | - | - | - | - | - |
| Reserves not available under the articles1311 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | €1.3m | €1.1m | €1.0m | €0.9m | €0.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€0.08m | -€0.5m | ▼ 466% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.4m | €0.1m | €0.1m | €0.1m | ▼ 8.5% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.3m | €0.06m | €0.07m | €0.06m | ▼ 16.5% |
| Financial debts43 | - | - | - | €13 | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €13 | €0 | - | - | - |
| Trade debts44 | €0.02m | €0.006m | €0.007m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 35.6% |
| Suppliers440/4 | €0.02m | €0.006m | €0.007m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 35.6% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.04m | €0.04m | €0 | - | - | - |
| Taxes450/3 | - | €0.02m | €0.04m | €0.04m | €0 | - | - | - |
| Other amounts payable47/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.03m | €0.03m | €0.03m | ▲ 4.4% |
| Accrued charges and deferred income492/3 | €0.02m | €0.03m | €0 | €0.1m | €0.06m | €0.06m | €0.06m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.6m | -€0.3m | -€0.1m | -€0.04m | -€0.2m | -€0.08m | -€0.4m | ▼ 366% |
| Operating cash flow (approximation) | -€1.6m | -€0.3m | -€0.1m | -€0.04m | -€0.2m | -€0.08m | -€0.4m | ▼ 366% |
| Investment in fixed assets (approximation) | - | €0.2m | €0.06m | €0.04m | €0.2m | €0.1m | €0.2m | ▲ 74.4% |
| Change in cash | - | -€0.03m | -€0.05m | €0.1m | -€0.07m | €0.04m | -€0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 929 companies had the same profile as WANG has now. Two years later, 90.1% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
That fits the bankruptcy probability of WANG itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 929 companies, not a prediction for WANG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 24-02-2026 | 2026-00045659 | |
| 30-06-2024 | abbreviated format | 11-02-2025 | 2025-00037267 | |
| 30-06-2023 | abbreviated format | 06-02-2024 | 2024-00029066 | |
| 30-06-2022 | abbreviated format | 17-05-2023 | 2023-00094218 | |
| 30-06-2021 | abbreviated format | 29-11-2022 | 2022-20526781 | |
| 30-06-2020 | abbreviated format | 29-11-2022 | 2022-20526778 | |
| 30-06-2019 | abbreviated format | 29-11-2022 | 2022-20526773 | |
| 30-06-2018 | abbreviated format | 30-01-2019 | 2019-02800433 | |
| 30-06-2017 | micro format | 23-01-2018 | 2018-01900285 | |
| 30-06-2014 | abbreviated format | 19-12-2014 | 2014-70300389 |