WGM
ActiveSummary
WGM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €577k and a net result of €754. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 545 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+19
Solvency98▲+16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.35 in 2024; short-term debt: 27.4% and cash: 8.4% of total assets), and 27.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.6%
Return on assets
0.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 d late
2023
22 d early
2022
25 d early
2021
31 d early
2020
30 d late
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€577k▲ 0.1%
2024 · €577k
2018: €-202klowest in 8 years
2019: €-177k▲ +12.2% vs 2018
2020: €184k▲ +204% vs 2019
2021: €365k▲ +97.7% vs 2020
2022: €564k▲ +54.5% vs 2021
2023: €564k▲ +0.1% vs 2022
2024: €577k▲ +2.3% vs 2023
2025: €577k▲ +0.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€795k▼ 20.8%
2024 · €1.00M
2018: €27klowest in 8 years
2019: €157k▲ +489% vs 2018
2020: €275k▲ +74.8% vs 2019
2021: €514k▲ +87.3% vs 2020
2022: €707k▲ +37.5% vs 2021
2023: €580k▼ -18.0% vs 2022
2024: €1.00M▲ +73.1% vs 2023highest in 8 years
2025: €795k▼ -20.8% vs 2024
2018 → 2025
Net result
€754▼ 94.1%
2024 · €13k
2018: €25k
2019: €222k▲ +804% vs 2018highest in 8 years
2020: €142k▼ -36.0% vs 2019
2021: €180k▲ +26.6% vs 2020
2022: €199k▲ +10.3% vs 2021
2023: €316▼ -99.8% vs 2022lowest in 8 years
2024: €13k▲ +3958% vs 2023
2025: €754▼ -94.1% vs 2024
2018 → 2025
Working capital
€-75k▲ 73.0%
2024 · €-277k
2018: €18k
2019: €142k▲ +708% vs 2018
2020: €184k▲ +30.3% vs 2019
2021: €102k▼ -44.6% vs 2020
2022: €270k▲ +165% vs 2021
2023: €302k▲ +11.8% vs 2022highest in 8 years
2024: €-277k▼ -192% vs 2023lowest in 8 years
2025: €-75k▲ +73.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€365k-€564k▲ 54.5%€564k▲ 0.1%€577k▲ 2.3%€577k▲ 0.1%
2021: €365klowest in 5 years
2022: €564k▲ +54.5% vs 2021
2023: €564k▲ +0.1% vs 2022
2024: €577k▲ +2.3% vs 2023
2025: €577k▲ +0.1% vs 2024highest in 5 years
Operating result€260k-€304k▲ 16.7%€-5k€33k€9k▼ 74.1%
2021: €260k
2022: €304k▲ +16.7% vs 2021highest in 5 years
2023: €-5k▼ -102% vs 2022lowest in 5 years
2024: €33k▲ +809% vs 2023
2025: €9k▼ -74.1% vs 2024
Net result€180k-€199k▲ 10.3%€316▼ 99.8%€13k▲ 3,958%€754▼ 94.1%
2021: €180k
2022: €199k▲ +10.3% vs 2021highest in 5 years
2023: €316▼ -99.8% vs 2022lowest in 5 years
2024: €13k▲ +3958% vs 2023
2025: €754▼ -94.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €795k
Fixed assets
€652k ▼ 23.6%
Current assets
€143k ▼ 5.2%
Equity and liabilities €795k
Equity
€577k ▲ 0.1%
Debt
€218k ▼ 49.1%
Debt's share of the balance-sheet total falls from 42.6% to 27.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €58k
Cash flow
€2k▼
2024 · €37k
Current ratio
0.66▲
2024 · 0.35
Debt to equity
0.38▼
2024 · 0.74
ROE
0.1%▼
2024 · 2.2%
ROA
0.1%▼
2024 · 1.3%
Interest coverage
102.62▲
2024 · 3.60
Debt ≤ 1 year
€218k▼
2024 · €428k
Income taxes
€8k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.00M€795k▼
Fixed assets21/28€854k€652k▼
Tangible fixed assets22/27€854k€652k▼
Land and buildings22€223k€0▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€0€3k▲
Other tangible fixed assets26€631k€649k▲
Current assets29/58€151k€143k▼
Amounts receivable within one year40/41€15k€35k▲
Trade receivables40€0€23k▲
Other amounts receivable41€15k€12k▼
Cash at bank and in hand54/58€101k€67k▼
Deferred charges and accrued income490/1€35k€41k▲
Equity and liabilities
Total equity and liabilities10/49€1.00M€795k▼
Equity10/15€577k€577k▲
Contributions10/11€19k€19k=
Reserves13€558k€559k▲
Distributable reserves133€558k€559k▲
Amounts payable17/49€428k€218k▼
Amounts payable within one year42/48€428k€218k▼
Trade debts44€13k€18k▲
Suppliers440/4€13k€18k▲
Taxes, remuneration and social security45€11k€13k▲
Taxes450/3€11k€13k▲
Other amounts payable47/48€404k€187k▼
Income statement
Code20242025
Non-recurring operating income76A-€14k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€751▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€59k€12k▼
Operating profit (loss)9901€33k€9k▼
Financial income75/76B€797€0▼
Recurring financial income75€797€0▼
Financial charges65/66B€16k€91▼
Recurring financial charges65€16k€91▼
Profit (loss) for the period before taxes9903€18k€9k▼
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€13k€754▼
Profit (loss) for the period to be appropriated9905€13k€754▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€754▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€13k€754▼
To other reserves6921€13k€754▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €14k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €32k | €32k | €25k | €751 | ▼ 96.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €13k | €0 | - | - | - |
| Other operating charges640/8 | €655 | €2k | €4k | €1k | €3k | ▲ 113% |
| Gross operating margin9900 | €294k | €350k | €31k | €59k | €12k | ▼ 79.8% |
| Operating profit (loss)9901 | €260k | €304k | €-5k | €33k | €9k | ▼ 74.1% |
| Financial income75/76B | - | - | - | €797 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €797 | €0 | ▼ 100% |
| Financial charges65/66B | €35 | €441 | €46 | €16k | €91 | ▼ 99.4% |
| Recurring financial charges65 | €35 | €441 | €46 | €16k | €91 | ▼ 99.4% |
| Profit (loss) for the period before taxes9903 | €260k | €304k | €-5k | €18k | €9k | ▼ 52.6% |
| Income taxes67/77 | €80k | €105k | €-5k | €5k | €8k | ▲ 49.5% |
| Profit (loss) for the period9904 | €180k | €199k | €316 | €13k | €754 | ▼ 94.1% |
| Profit (loss) for the period to be appropriated9905 | €180k | €199k | €316 | €13k | €754 | ▼ 94.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €514k | €707k | €580k | €1.00M | €795k | ▼ 20.8% |
| Fixed assets21/28 | €263k | €293k | €262k | €854k | €652k | ▼ 23.6% |
| Tangible fixed assets22/27 | €263k | €293k | €262k | €854k | €652k | ▼ 23.6% |
| Land and buildings22 | €263k | €249k | €236k | €223k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €21k | €14k | €0 | - | - |
| Furniture and vehicles24 | - | €23k | €11k | €0 | €3k | - |
| Other tangible fixed assets26 | - | - | - | €631k | €649k | ▲ 2.9% |
| Current assets29/58 | €252k | €414k | €319k | €151k | €143k | ▼ 5.2% |
| Amounts receivable within one year40/41 | €44k | €11k | €23k | €15k | €35k | ▲ 129% |
| Trade receivables40 | €30k | €0 | €12k | €0 | €23k | - |
| Other amounts receivable41 | €14k | €11k | €11k | €15k | €12k | ▼ 20.9% |
| Cash at bank and in hand54/58 | €206k | €403k | €276k | €101k | €67k | ▼ 33.6% |
| Deferred charges and accrued income490/1 | €2k | €0 | €19k | €35k | €41k | ▲ 17.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €514k | €707k | €580k | €1.00M | €795k | ▼ 20.8% |
| Equity10/15 | €365k | €564k | €564k | €577k | €577k | ▲ 0.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €320k | €518k | €545k | €558k | €559k | ▲ 0.1% |
| Distributable reserves133 | €320k | €518k | €545k | €558k | €559k | ▲ 0.1% |
| Profit (loss) carried forward14 | €26k | €26k | €0 | - | - | - |
| Amounts payable17/49 | €150k | €144k | €16k | €428k | €218k | ▼ 49.1% |
| Amounts payable within one year42/48 | €150k | €144k | €16k | €428k | €218k | ▼ 49.1% |
| Trade debts44 | €19k | €25k | €4k | €13k | €18k | ▲ 33.7% |
| Suppliers440/4 | €19k | €25k | €4k | €13k | €18k | ▲ 33.7% |
| Taxes, remuneration and social security45 | €131k | €106k | €5k | €11k | €13k | ▲ 15.6% |
| Taxes450/3 | €126k | €106k | €5k | €11k | €13k | ▲ 15.6% |
| Remuneration and social security454/9 | €5k | €0 | - | - | - | - |
| Other amounts payable47/48 | €0 | €13k | €8k | €404k | €187k | ▼ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €180k | €199k | €316 | €13k | €754 | ▼ 94.1% |
| + Depreciation and write-downs630 | €33k | €32k | €32k | €25k | €751 | ▼ 96.9% |
| Operating cash flow (approximation) | €213k | €230k | €32k | €37k | €2k | ▼ 96.0% |
| Investment in fixed assets (approximation) | - | €-62k | €0 | €-617k | €201k | ▲ 133% |
| Change in cash | - | €198k | €-127k | €-176k | €-34k | ▲ 80.7% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €316 ▼99.8%
Net result drops to €316, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 19.48
Current ratio from 2.88 to 19.48; short-term debt falls from €144k to €16k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €564k ▲54.5%
5 profitable years in a row build equity to €564k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €365k ▲97.7%
4 profitable years in a row build equity to €365k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150kEq €184k
3 profitable years in a row build equity to €184k.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
Show earlier events
2019
31-12
Financial
Highest result since 2018net €222k ▲804%
Net result €222k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 10.08
Current ratio from 2.91 to 10.08.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Hasselt · 1 establishment unit since 2009
Ground area
896 m²
Building footprint
162 m²
Volume, LiDAR
798 m³
Parcel 71062A0208/00T000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
WGM
since 20092.177.060.080
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71062A0208/00T000 | Flanders | 896 m² | 1 · 162 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 121 companies in sector 16240 we hold annual accounts for 82. 62 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
Founded08-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
16240Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
28299Manufacture of machinery and equipment not elsewhere classified
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.