Equity
€577,406 ▲ 0.1%
WGM has made a profit without a break since 2017.
WGM
Lifetime
17 annual accounts with figures on one time axispeak €350,467 (2022)
€11,914▼ 79.8%
lowest -€56,696 (2012)
€754▼ 94.1%
peak €577,406 (2025)
€577,406▲ 0.1%
€217,638▼ 49.1%
Board3 names since 2018
1 directorWim Grietens
Owners
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €59,073 to €11,914Result from €12,823 to €754Debts from €427,789 to €217,638Cash from €100,699 to €66,829
Key points
from the 2025 annual accountsInvestments
€22,071 29.4 × depreciation
Green is investment, beige is depreciation.
Filings
17 annual accounts since 2009
Five of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 49% of micro companies in wood and cork (NACE 16)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: < 0.1%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
lowers risk
Size: total assets €795,044
Founded in 2008
Figures for financial year 2025 (filed on 31-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro). It does better than 78% of them on solvency, 42% on liquidity, 42% on profitability and 36% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as WGM has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of WGM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,049 companies, not a prediction for WGM. 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.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.66 (0.35 in 2024), below 1. Short-term debt is 27.4% and cash 8.4% of total assets. 27.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 days late
2023
22 days early
2022
25 days early
2021
31 days early
2020
30 days late
2019
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807092062
Resignations & appointments
Resignation: WGI (director) · Permanent representative: GRIETENS Wim · “Het vervaardigen van opvulmateriaal; Het zagen,schaven en machinaal bewerken van hout; De vervaardiging van…” (deed in Dutch) · Gazette deed
Registered office moved to Wimmertingen
New registered office: Smetstraat 42 te 3501 Wimmertingen · Previous registered office: Luikersteenweg 663 · Gazette deed
2 managers resigning, 1 director reappointed
Resignations: Wim Grietens (manager) and EcoLogistic (manager) · Reappointment: Wim Grietens (director) · Permanent representative: Wim Grietens · General meeting of 19-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WGM Hasselt | €0.8m | €11,914 | 72.6% | - |
| 't Palletje Wingene | €0.6m | €41,509 | 76.5% | - |
| J DEDRY Bassenge | €0.7m | €50,620 | 98.3% | - |
| CEDEM-PLASTICS Dendermonde | €1.9m | €57,002 | 71.9% | - |
| LES VALDÔTAINS Forest | €0.1m | €17,108 | -10.2% | - |
| ECO - PACK Lommel | €0.2m | €30,906 | 98.6% | - |
| BRETON Lommel | €0.2m | €49,615 | 78.6% | 1 |
These companies have the same main activity as WGM: manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16240). They are comparable in size and age: total assets between €113,000 and €1.9m, founded between 1993 and 2010.
Official details
Source: KBO- Status
- Active since 08-10-2008Normal situation
- Activity
- Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materialsNACE 16240and 2 others
- Establishment unit
- 2.177.060.0803501 Hasselt, since 01-03-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2025
Annual accounts 2025
- ≈ €91,000estimated
- €795,044▼ 20.8%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on WGM
WGM files the micro format. That format states no turnover. The gross margin rose from -€13,705 in 2009 to €11,914 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WGM
- What is the company number of WGM?
- The company number of WGM is 0807.092.062. The VAT number is the same number with BE in front: BE 0807.092.062.
- Where is WGM based?
- The registered office is at Smetstraat 42, 3501 Hasselt.Company details
- What does WGM do?
- According to the KBO register, the main activity is manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16240).
- What is the legal form of WGM?
- WGM is a private limited company (BV).
- When was WGM founded?
- WGM was founded on 08-10-2008.
- Is WGM still active?
- Yes, WGM is an active enterprise in the KBO register.
- What is the turnover of WGM?
- The turnover in financial year 2025 is ≈ €91,000. This figure is estimated from the gross margin of €11,914 and 6,297 comparable companies of the same size. It probably lies between €42,000 and €220,000. It is a rough estimate.Financials
- Is WGM profitable?
- In financial year 2025, WGM made a profit of €754.
- Where can I find the annual accounts of WGM?
- WGM filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WGM due?
- WGM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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