WBM
ActiveSummary
WBM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,903 and a net result of -€2,812. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100▲+100
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96%
Return on assets
-45.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
22 d early
2024
228 d late
2023
41 d early
2022
14 d early
2021
49 d early
2020
12 d early
2019
2 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 13 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,903
2024 · -€9,833
Total assets
€6,148▲ 2.8%
2024 · €5,982
Net result
-€2,812▼ 6.3%
2024 · -€2,646
Working capital
€5,045
2024 · -€12,353
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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-€3,553▼ 233%€7,403-€9,794-€2,604▲ 73.4%-€2,822▼ 8.4%
Net result-€3,605below the sector's middle half▼ 226%€6,860within the sector's middle half-€9,850below the sector's middle half-€2,646below the sector's middle half▲ 73.1%-€2,812below the sector's middle half▼ 6.3%
Equity-€4,197below the sector's middle half▼ 609%€2,663below the sector's middle half-€7,187below the sector's middle half-€9,833below the sector's middle half▼ 36.8%€5,903below the sector's middle half
Total assets€2,698below the sector's middle half▲ 143%€6,005below the sector's middle half▲ 123%€9,094below the sector's middle half▲ 51.4%€5,982below the sector's middle half▼ 34.2%€6,148below the sector's middle half▲ 2.8%
Debt€6,895▲ 305%€3,342▼ 51.5%€16,281▲ 387%€15,815▼ 2.9%€244▼ 98.5%
Working capital-€6,756▼ 678%-€2,725▲ 59.7%-€11,960▼ 339%-€12,353▼ 3.3%€5,045
Solvency44.3%within the sector's middle half-79.0%below the sector's middle half▼ 123.4pp-164.4%below the sector's middle half▼ 85.4pp96.0%above the sector's middle half▲ 260.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 stays negative: a loss of €2,822 in 2025 against €2,604 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,148
Fixed assets
€922 ▼ 63.4%
Current assets
€5,225 ▲ 50.9%
Equity and liabilities €6,148
Equity
€5,903
Debt
€244
Debt finances 4.0% of the balance-sheet total.
Key figures and ratios
EBITDA
-€1,225▼
2024 · -€331
Cash flow
-€1,215▼
2024 · -€374
Current ratio
29.03▲
2024 · 0.22
Debt to equity
0.04▲
2024 · -1.61
ROE
-47.6%
ROA
-45.7%▼
2024 · -44.2%
Interest coverage
-36.29▼
2024 · -7.85
Debt ≤ 1 year
€180▼
2024 · €15,815
Income taxes
-€44
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,595 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €728 | €1,230 | €2,247 | €2,273 | €1,598 | ▼ 29.7% |
| Other operating charges640/8 | - | €258 | €109 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | -€1,425 | €8,891 | -€7,438 | -€213 | -€1,105 | ▼ 418% |
| Operating profit (loss)9901 | -€3,553 | €7,403 | -€9,794 | -€2,604 | -€2,822 | ▼ 8.4% |
| Financial charges65/66B | - | €69 | €56 | €42 | €34 | ▼ 20.1% |
| Recurring financial charges65 | €52 | €69 | €56 | €42 | €34 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | -€3,605 | €7,334 | -€9,850 | -€2,646 | -€2,856 | ▼ 7.9% |
| Income taxes67/77 | - | €474 | - | - | -€44 | - |
| Profit (loss) for the period9904 | -€3,605 | €6,860 | -€9,850 | -€2,646 | -€2,812 | ▼ 6.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,605 | €6,860 | -€9,850 | -€2,646 | -€2,812 | ▼ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,698 | €6,005 | €9,094 | €5,982 | €6,148 | ▲ 2.8% |
| Fixed assets21/28 | €2,559 | €5,416 | €4,793 | €2,520 | €922 | ▼ 63.4% |
| Tangible fixed assets22/27 | €2,559 | €5,416 | €4,793 | €2,520 | €922 | ▼ 63.4% |
| Plant, machinery and equipment23 | - | €5,416 | €4,793 | €2,520 | €922 | ▼ 63.4% |
| Current assets29/58 | €139 | €589 | €4,302 | €3,462 | €5,225 | ▲ 50.9% |
| Amounts receivable within one year40/41 | €79 | €439 | €2,572 | €191 | €3,236 | ▲ 1,593% |
| Trade receivables40 | - | €34 | €2,511 | - | €72 | - |
| Other amounts receivable41 | - | €405 | €62 | €191 | €3,164 | ▲ 1,555% |
| Cash at bank and in hand54/58 | €60 | €151 | €1,729 | €3,271 | €1,989 | ▼ 39.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,698 | €6,005 | €9,094 | €5,982 | €6,148 | ▲ 2.8% |
| Equity10/15 | -€4,197 | €2,663 | -€7,187 | -€9,833 | €5,903 | ▲ 160% |
| Contributions10/11 | - | €1 | €1 | €1 | €18,550 | ▲ 1,854,900% |
| Outside capital11 | - | €1 | €1 | €1 | - | - |
| Other1109/19 | - | €1 | €1 | €1 | - | - |
| Reserves13 | €513 | €513 | €513 | €513 | €513 | = |
| Non-distributable reserves130/1 | - | €513 | €513 | €513 | €513 | = |
| Reserves not available under the articles1311 | - | €513 | €513 | €513 | €513 | = |
| Profit (loss) carried forward14 | -€4,711 | €2,149 | -€7,701 | -€10,348 | -€13,160 | ▼ 27.2% |
| Amounts payable17/49 | €6,895 | €3,342 | €16,281 | €15,815 | €244 | ▼ 98.5% |
| Amounts payable within one year42/48 | €6,895 | €3,314 | €16,261 | €15,815 | €180 | ▼ 98.9% |
| Trade debts44 | - | - | - | €60 | €180 | ▲ 200% |
| Suppliers440/4 | - | - | - | €60 | €180 | ▲ 200% |
| Taxes, remuneration and social security45 | - | €550 | €550 | €44 | €0 | ▼ 100% |
| Taxes450/3 | - | €550 | €550 | €44 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €2,764 | €15,711 | €15,711 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €28 | €20 | - | €64 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,605 | €6,860 | -€9,850 | -€2,646 | -€2,812 | ▼ 6.3% |
| + Depreciation and write-downs630 | €728 | €1,230 | €2,247 | €2,273 | €1,598 | ▼ 29.7% |
| Operating cash flow (approximation) | -€2,877 | €8,090 | -€7,603 | -€374 | -€1,215 | ▼ 225% |
| Investment in fixed assets (approximation) | - | -€4,086 | -€1,624 | €0 | €0 | - |
| Change in cash | - | €91 | €1,578 | €1,542 | -€1,281 | ▼ 183% |
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
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 228 days late
30-06
Financial
Liquidity times 133current ratio 29.03
Current ratio from 0.22 to 29.03; short-term debt falls from €15,815 to €180.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet -€9,850
Net result drops to -€9,850, the lowest in the series; recovery starts the following year.
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €6,860
Net result €6,860 after 2 loss-making years.
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Zaventem · 1 establishment unit since 2017
Ground area
2.2 ha
Building footprint
129 m²
Volume, LiDAR
939 m³
2 parcels, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MACAN
since 20172.265.809.934
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0098/00M000 | Flanders | 2.1 ha | - | - |
| 13434F1708/00M000 | Flanders | 893 m² | 1 · 129 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,233. 1,100 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-06-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43120Site preparation
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676706246
Also
9925:BE0676706246
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.