WH GROUP
ActiveSummary
WH GROUP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €42k. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 1309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+36
Solvency100▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 0.86 in 2024; short-term debt: 8.9% and cash: 7.5% of total assets), and 8.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
91.1%
Return on assets
21.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% 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 07-07-2026, 24 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
24 d early
2024
33 d late
2023
40 d late
2022
3 d early
2021
58 d late
2020
38 d late
2019
38 d early
← 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
Equity
€176k▲ 30.9%
2024 · €135k
2018: €29klowest in 8 years
2019: €34k▲ +17.1% vs 2018
2020: €37k▲ +8.7% vs 2019
2021: €53k▲ +44.1% vs 2020
2022: €75k▲ +42.0% vs 2021
2023: €114k▲ +52.1% vs 2022
2024: €135k▲ +18.0% vs 2023
2025: €176k▲ +30.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€193k▼ 16.1%
2024 · €230k
2018: €179k
2019: €154k▼ -13.8% vs 2018
2020: €159k▲ +3.2% vs 2019
2021: €164k▲ +3.4% vs 2020
2022: €144k▼ -12.5% vs 2021lowest in 8 years
2023: €215k▲ +49.3% vs 2022
2024: €230k▲ +7.4% vs 2023highest in 8 years
2025: €193k▼ -16.1% vs 2024
2018 → 2025
Net result
€42k▲ 103%
2024 · €20k
2018: €10k
2019: €5k▼ -51.8% vs 2018
2020: €3k▼ -40.3% vs 2019lowest in 8 years
2021: €16k▲ +451% vs 2020
2022: €22k▲ +37.4% vs 2021
2023: €39k▲ +76.0% vs 2022
2024: €20k▼ -47.6% vs 2023
2025: €42k▲ +103% vs 2024highest in 8 years
2018 → 2025
Working capital
€29k
2024 · €-13k
2018: €-114klowest in 8 years
2019: €-93k▲ +18.3% vs 2018
2020: €-76k▲ +17.8% vs 2019
2021: €-63k▲ +18.1% vs 2020
2022: €-40k▲ +36.4% vs 2021
2023: €-50k▼ -24.2% vs 2022
2024: €-13k▲ +73.3% vs 2023
2025: €29k▲ +321% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€75k▲ 42.0%€114k▲ 52.1%€135k▲ 18.0%€176k▲ 30.9%
2021: €53klowest in 5 years
2022: €75k▲ +42.0% vs 2021
2023: €114k▲ +52.1% vs 2022
2024: €135k▲ +18.0% vs 2023
2025: €176k▲ +30.9% vs 2024highest in 5 years
Operating result€16k-€25k▲ 54.4%€53k▲ 113%€31k▼ 42.8%€62k▲ 102%
2021: €16klowest in 5 years
2022: €25k▲ +54.4% vs 2021
2023: €53k▲ +113% vs 2022
2024: €31k▼ -42.8% vs 2023
2025: €62k▲ +102% vs 2024highest in 5 years
Net result€16k-€22k▲ 37.4%€39k▲ 76.0%€20k▼ 47.6%€42k▲ 103%
2021: €16klowest in 5 years
2022: €22k▲ +37.4% vs 2021
2023: €39k▲ +76.0% vs 2022
2024: €20k▼ -47.6% vs 2023
2025: €42k▲ +103% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 102% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€147k ▼ 0.5%
Current assets
€46k ▼ 43.9%
Equity and liabilities €193k
Equity
€176k ▲ 30.9%
Debt
€17k ▼ 82.1%
Debt's share of the balance-sheet total falls from 41.6% to 8.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▲
2024 · €58k
Cash flow
€71k▲
2024 · €48k
Current ratio
2.70▲
2024 · 0.86
Debt to equity
0.10▼
2024 · 0.71
ROE
23.6%▲
2024 · 15.2%
ROA
21.5%▲
2024 · 8.9%
Interest coverage
90.01
Debt ≤ 1 year
€17k▼
2024 · €96k
Income taxes
€19k▲
2024 · €10k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€230k€193k▼
Fixed assets21/28€148k€147k▼
Tangible fixed assets22/27€148k€147k▼
Land and buildings22€83k€88k▲
Plant, machinery and equipment23€5k€8k▲
Furniture and vehicles24€60k€51k▼
Current assets29/58€83k€46k▼
Amounts receivable within one year40/41€40k€31k▼
Trade receivables40€15k€4k▼
Other amounts receivable41€26k€28k▲
Cash at bank and in hand54/58€38k€15k▼
Deferred charges and accrued income490/1€4k€283▼
Equity and liabilities
Total equity and liabilities10/49€230k€193k▼
Equity10/15€135k€176k▲
Contributions10/11€19k€19k=
Reserves13€116k€158k▲
Distributable reserves133€116k€158k▲
Amounts payable17/49€96k€17k▼
Amounts payable within one year42/48€96k€17k▼
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€81€117▲
Taxes450/3€81€117▲
Other amounts payable47/48€89k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€29k▲
Other operating charges640/8€837€797▼
Gross operating margin9900€59k€92k▲
Operating profit (loss)9901€31k€62k▲
Financial income75/76B€43€0▼
Recurring financial income75€43€0▼
Financial charges65/66B-€1k
Recurring financial charges65-€1k
Profit (loss) for the period before taxes9903€31k€61k▲
Income taxes67/77€10k€19k▲
Profit (loss) for the period9904€20k€42k▲
Profit (loss) for the period to be appropriated9905€20k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€42k▲
Transfer to equity691/2€20k€42k▲
To other reserves6921€20k€42k▲
The notes to these accounts (16 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €14k | €17k | €27k | €29k | ▲ 7.3% |
| Other operating charges640/8 | €509 | €762 | €804 | €837 | €797 | ▼ 4.8% |
| Gross operating margin9900 | €36k | €40k | €71k | €59k | €92k | ▲ 56.4% |
| Operating profit (loss)9901 | €16k | €25k | €53k | €31k | €62k | ▲ 102% |
| Financial income75/76B | - | - | - | €43 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €43 | €0 | ▼ 100% |
| Financial charges65/66B | €117 | €380 | €126 | - | €1k | - |
| Recurring financial charges65 | €117 | €380 | €126 | - | €1k | - |
| Profit (loss) for the period before taxes9903 | €16k | €25k | €53k | €31k | €61k | ▲ 98.2% |
| Income taxes67/77 | - | €3k | €14k | €10k | €19k | ▲ 88.3% |
| Profit (loss) for the period9904 | €16k | €22k | €39k | €20k | €42k | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €16k | €22k | €39k | €20k | €42k | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164k | €144k | €215k | €230k | €193k | ▼ 16.1% |
| Fixed assets21/28 | €115k | €115k | €164k | €148k | €147k | ▼ 0.5% |
| Tangible fixed assets22/27 | €115k | €115k | €164k | €148k | €147k | ▼ 0.5% |
| Land and buildings22 | €93k | €93k | €87k | €83k | €88k | ▲ 5.9% |
| Plant, machinery and equipment23 | €6k | €10k | €7k | €5k | €8k | ▲ 83.6% |
| Furniture and vehicles24 | €16k | €12k | €70k | €60k | €51k | ▼ 15.8% |
| Current assets29/58 | €49k | €29k | €50k | €83k | €46k | ▼ 43.9% |
| Amounts receivable within one year40/41 | €17k | €22k | €48k | €40k | €31k | ▼ 22.2% |
| Trade receivables40 | €9k | €7k | €22k | €15k | €4k | ▼ 73.3% |
| Other amounts receivable41 | €8k | €15k | €26k | €26k | €28k | ▲ 6.8% |
| Cash at bank and in hand54/58 | €32k | €4k | €2k | €38k | €15k | ▼ 61.5% |
| Deferred charges and accrued income490/1 | - | €3k | €359 | €4k | €283 | ▼ 93.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164k | €144k | €215k | €230k | €193k | ▼ 16.1% |
| Equity10/15 | €53k | €75k | €114k | €135k | €176k | ▲ 30.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €34k | €56k | €96k | €116k | €158k | ▲ 35.9% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €32k | €56k | €96k | €116k | €158k | ▲ 35.9% |
| Amounts payable17/49 | €111k | €69k | €100k | €96k | €17k | ▼ 82.1% |
| Amounts payable within one year42/48 | €111k | €69k | €100k | €96k | €17k | ▼ 82.1% |
| Trade debts44 | €4k | €4k | - | €7k | €4k | ▼ 43.9% |
| Suppliers440/4 | €4k | €4k | - | €7k | €4k | ▼ 43.9% |
| Advances received on contracts in progress46 | - | €1k | - | - | - | - |
| Taxes, remuneration and social security45 | €108k | €254 | €10k | €81 | €117 | ▲ 44.7% |
| Taxes450/3 | €326 | €254 | €10k | €81 | €117 | ▲ 44.7% |
| Remuneration and social security454/9 | €107k | - | - | - | - | - |
| Other amounts payable47/48 | - | €63k | €89k | €89k | €13k | ▼ 85.1% |
| Accrued charges and deferred income492/3 | - | - | €776 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €22k | €39k | €20k | €42k | ▲ 103% |
| + Depreciation and write-downs630 | €12k | €14k | €17k | €27k | €29k | ▲ 7.3% |
| Operating cash flow (approximation) | €28k | €36k | €56k | €48k | €71k | ▲ 48.5% |
| Investment in fixed assets (approximation) | - | €-13k | €-66k | €-11k | €-28k | ▼ 167% |
| Change in cash | - | €-28k | €-2k | €36k | €-23k | ▼ 164% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €42k ▲103%
Operating result €62k, net result €42k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.70
Current ratio from 0.86 to 2.70; short-term debt falls from €96k to €17k.
31-12
Financial
Equity above €150kEq €176k ▲30.9%
8 profitable years in a row build equity to €176k.
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-12
Financial
Equity above €100kEq €114k ▲52.1%
6 profitable years in a row build equity to €114k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
31-12
Financial
Weakest financial yearnet €3k ▼40.3%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Laakdal · 1 establishment unit since 2017
Ground area
726 m²
Building footprint
175 m²
Volume, LiDAR
971 m³
Parcel 13007C0045/05V000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WH Group
since 20172.270.519.283
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13007C0045/05V000 | Flanders | 726 m² | 1 · 175 m² | 7.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLaakdal2.270.519.283
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Of 732 companies in sector 55209 we hold annual accounts for 208. 145 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
Founded15-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
55209Other holiday and short-stay accommodation
55100Hotels and similar accommodation
56111Full-service restaurants
56210Event catering
81300Landscape service activities
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.