WENDI
InactiveWENDI was declared bankrupt on 12-05-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 01-02-2024, published in the Belgian State Gazette on 07-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-10-2021, 89 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
89 d late
2019
404 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 247 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, abbreviated schema
Equity
€21,002▲ 71.7%
2019 · €12,229
Total assets
€120,589▲ 37.7%
2019 · €87,562
Net result
€8,772▲ 41.8%
2019 · €6,187
Working capital
€28,696▼ 34.8%
2019 · €44,019
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
Line201820192020
Operating result€8,442-€12,177▲ 44.2%€20,893▲ 71.6%
Net result€3,471-€6,187▲ 78.2%€8,772▲ 41.8%
Equity€6,043-€12,229▲ 102%€21,002▲ 71.7%
Total assets€65,316-€87,562▲ 34.1%€120,589▲ 37.7%
Debt€59,273-€75,332▲ 27.1%€99,588▲ 32.2%
Working capital€13,879-€44,019▲ 217%€28,696▼ 34.8%
Staff (FTE)0.6
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 72% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €120,589
Fixed assets
€640 ▼ 92.1%
Current assets
€119,949 ▲ 50.9%
Equity and liabilities €120,589
Equity
€21,002 ▲ 71.7%
Debt
€99,588 ▲ 32.2%
Debt's share of the balance-sheet total falls from 86.0% to 82.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,419▲
2019 · €17,044
Cash flow
€12,299▲
2019 · €11,054
Current ratio
1.31▼
2019 · 2.24
Quick ratio
1.30▼
2019 · 2.20
Debt to equity
0.40▼
2019 · 0.98
ROE
41.8%▼
2019 · 50.6%
ROA
7.3%▲
2019 · 7.1%
Debt ≤ 1 year
€91,254▲
2019 · €35,486
Debt > 1 year
€8,334▼
2019 · €12,037
Income taxes
€1,994▼
2019 · €3,104
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,363 | €4,867 | €3,526 | ▼ 27.6% |
| Gross operating margin9900 | €39,058 | €39,030 | €32,214 | ▼ 17.5% |
| Operating profit (loss)9901 | €8,442 | €12,177 | €20,893 | ▲ 71.6% |
| Recurring financial income75 | €1,010 | €1 | €1,078 | ▲ 81,576% |
| Recurring financial charges65 | €2,337 | €2,888 | €11,204 | ▲ 288% |
| Profit (loss) for the period before taxes9903 | €7,116 | €9,290 | €10,767 | ▲ 15.9% |
| Income taxes67/77 | €3,644 | €3,104 | €1,994 | ▼ 35.7% |
| Profit (loss) for the period9904 | €3,471 | €6,187 | €8,772 | ▲ 41.8% |
| Profit (loss) for the period to be appropriated9905 | €3,471 | €6,187 | €8,772 | ▲ 41.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €65,316 | €87,562 | €120,589 | ▲ 37.7% |
| Fixed assets21/28 | €8,061 | €8,056 | €640 | ▼ 92.1% |
| Tangible fixed assets22/27 | €8,061 | €8,056 | €640 | ▼ 92.1% |
| Current assets29/58 | €57,255 | €79,506 | €119,949 | ▲ 50.9% |
| Stocks and contracts in progress3 | €3,087 | €1,397 | €1,227 | ▼ 12.1% |
| Amounts receivable within one year40/41 | €51,590 | €68,178 | €113,742 | ▲ 66.8% |
| Cash at bank and in hand54/58 | €2,577 | €9,748 | €4,980 | ▼ 48.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €65,316 | €87,562 | €120,589 | ▲ 37.7% |
| Equity10/15 | €6,043 | €12,229 | €21,002 | ▲ 71.7% |
| Contributions10/11 | €6,200 | - | - | - |
| Reserves13 | €2,475 | €6,029 | €6,029 | = |
| Profit (loss) carried forward14 | -€2,632 | -€6,104 | €8,772 | ▲ 244% |
| Amounts payable17/49 | €59,273 | €75,332 | €99,588 | ▲ 32.2% |
| Amounts payable after more than one year17 | €15,650 | €12,037 | €8,334 | ▼ 30.8% |
| Amounts payable within one year42/48 | €43,376 | €35,486 | €91,254 | ▲ 157% |
| Trade debts44 | €24,365 | €22,587 | €75,524 | ▲ 234% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,471 | €6,187 | €8,772 | ▲ 41.8% |
| + Depreciation and write-downs630 | €4,363 | €4,867 | €3,526 | ▼ 27.6% |
| Operating cash flow (approximation) | €7,835 | €11,054 | €12,299 | ▲ 11.3% |
| Investment in fixed assets (approximation) | - | -€4,862 | €3,890 | ▲ 180% |
| Change in cash | - | €7,170 | -€4,767 | ▼ 166% |
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
2024
07-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · event 01-02-2024
2022
19-05
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 12-05-2022
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 404 days late
2020
31-12
Financial
Highest result since 2018net €8,772 ▲41.8%
Operating result €20,893, net result €8,772, both a record.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
2013
20-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
13-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 13 days late
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE CELIS GRASBOS 35, 3294 MOLENSTEDE- |
12-05-2022 → 01-02-2024 |