WHEEL CAT
ActiveSummary
WHEEL CAT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45,511 and a net result of €2,523. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+68
Solvency91▲+9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.33 in 2023; short-term debt: 33.9% and cash: 31.5% of total assets), and 33.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2024Solvency, return and age of the figures
Solvency
66.1%
Return on assets
3.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
29 d late
2022
31 d late
2021
31 d early
2020
82 d late
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€45,511▲ 5.9%
2023 · €42,988
Total assets
€68,850▼ 8.0%
2023 · €74,840
Net result
€2,523
2023 · -€8,470
Working capital
€45,511▲ 7.3%
2023 · €42,412
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€2,454€7,676▲ 213%-€34,229-€8,235▲ 75.9%€2,679
Net result€494within the sector's middle half€7,212within the sector's middle half▲ 1,361%-€34,344below the sector's middle half-€8,470below the sector's middle half▲ 75.3%€2,523within the sector's middle half
Equity€78,590within the sector's middle half▲ 0.6%€85,801within the sector's middle half▲ 9.2%€51,458within the sector's middle half▼ 40.0%€42,988within the sector's middle half▼ 16.5%€45,511within the sector's middle half▲ 5.9%
Total assets€106,297within the sector's middle half▼ 4.8%€118,621within the sector's middle half▲ 11.6%€83,522within the sector's middle half▼ 29.6%€74,840within the sector's middle half▼ 10.4%€68,850within the sector's middle half▼ 8.0%
Debt€27,707▼ 17.4%€32,820▲ 18.5%€32,064▼ 2.3%€31,852▼ 0.7%€23,338▼ 26.7%
Working capital€73,011within the sector's middle half▲ 1.7%€83,461within the sector's middle half▲ 14.3%€50,306within the sector's middle half▼ 39.7%€42,412within the sector's middle half▼ 15.7%€45,511within the sector's middle half▲ 7.3%
Solvency73.9%above the sector's middle half▲ 4.0pp72.3%above the sector's middle half▼ 1.6pp61.6%above the sector's middle half▼ 10.7pp57.4%within the sector's middle half▼ 4.2pp66.1%above the sector's middle half▲ 8.7pp
Current ratio3.64above the sector's middle half▲ 0.503.54above the sector's middle half▼ 0.092.57within the sector's middle half▼ 0.972.33within the sector's middle half▼ 0.242.95above the sector's middle half▲ 0.62
Return on assets (ROA)0.5%within the sector's middle half▲ 4.2pp6.1%within the sector's middle half▲ 5.6pp-41.1%below the sector's middle half▼ 47.2pp-11.3%below the sector's middle half▲ 29.8pp3.7%within the sector's middle half▲ 15.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 returns to profit in 2024: €2,679 after a loss of €8,235 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €68,850
Equity
€45,511 ▲ 5.9%
Debt
€23,338 ▼ 26.7%
Debt's share of the balance-sheet total falls from 42.6% to 33.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,255▲
2023 · -€7,660
Cash flow
€3,099▲
2023 · -€7,894
Quick ratio
0.93▲
2023 · 0.78
Debt to equity
0.51▼
2023 · 0.74
ROE
5.5%▲
2023 · -19.7%
Interest coverage
20.86▲
2023 · -28.72
Debt ≤ 1 year
€23,338▼
2023 · €31,852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,039 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,439 | €2,039 | €1,189 | €576 | €576 | = |
| Other operating charges640/8 | - | €2,396 | €1,936 | €2,818 | €2,586 | ▼ 8.2% |
| Non-recurring operating charges66A | - | €1,200 | - | - | - | - |
| Gross operating margin9900 | €6,690 | €13,311 | -€31,105 | -€4,842 | €5,841 | ▲ 221% |
| Operating profit (loss)9901 | €2,454 | €7,676 | -€34,229 | -€8,235 | €2,679 | ▲ 133% |
| Financial income75/76B | - | €66 | €17 | €32 | €0 | ▼ 99.8% |
| Recurring financial income75 | €1 | €66 | €17 | €32 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | €175 | €131 | €267 | €156 | ▼ 41.5% |
| Recurring financial charges65 | €1,962 | €175 | €131 | €267 | €156 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | €494 | €7,567 | -€34,344 | -€8,470 | €2,523 | ▲ 130% |
| Income taxes67/77 | - | €356 | - | - | - | - |
| Profit (loss) for the period9904 | €494 | €7,212 | -€34,344 | -€8,470 | €2,523 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €494 | €7,212 | -€34,344 | -€8,470 | €2,523 | ▲ 130% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,297 | €118,621 | €83,522 | €74,840 | €68,850 | ▼ 8.0% |
| Fixed assets21/28 | €5,579 | €2,340 | €1,152 | €576 | - | - |
| Tangible fixed assets22/27 | €5,579 | €2,340 | €1,152 | €576 | - | - |
| Land and buildings22 | - | €1,913 | €1,152 | €576 | - | - |
| Plant, machinery and equipment23 | - | €428 | - | - | - | - |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Current assets29/58 | €100,718 | €116,281 | €82,370 | €74,264 | €68,850 | ▼ 7.3% |
| Stocks and contracts in progress3 | €61,359 | €76,304 | €54,585 | €49,388 | €47,196 | ▼ 4.4% |
| Stocks30/36 | - | €76,304 | €54,585 | €49,388 | €47,196 | ▼ 4.4% |
| Amounts receivable within one year40/41 | - | €2,322 | - | - | - | - |
| Trade receivables40 | - | €2,322 | - | - | - | - |
| Cash at bank and in hand54/58 | €39,359 | €37,655 | €27,784 | €24,876 | €21,654 | ▼ 13.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,297 | €118,621 | €83,522 | €74,840 | €68,850 | ▼ 8.0% |
| Equity10/15 | €78,590 | €85,801 | €51,458 | €42,988 | €45,511 | ▲ 5.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €59,990 | €67,201 | €32,858 | €24,388 | €26,911 | ▲ 10.3% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €65,342 | €30,999 | €22,529 | €25,052 | ▲ 11.2% |
| Profit (loss) carried forward14 | €4,164 | - | - | - | - | - |
| Amounts payable17/49 | €27,707 | €32,820 | €32,064 | €31,852 | €23,338 | ▼ 26.7% |
| Amounts payable within one year42/48 | €27,707 | €32,820 | €32,064 | €31,852 | €23,338 | ▼ 26.7% |
| Trade debts44 | €4,197 | €8,623 | €6,487 | €4,668 | €1,089 | ▼ 76.7% |
| Suppliers440/4 | - | €8,623 | €6,487 | €4,668 | €1,089 | ▼ 76.7% |
| Taxes, remuneration and social security45 | - | €1,150 | €2,024 | €3,041 | €2,402 | ▼ 21.0% |
| Taxes450/3 | - | €1,150 | €2,024 | €1,720 | €2,402 | ▲ 39.7% |
| Remuneration and social security454/9 | - | - | - | €1,321 | - | - |
| Other amounts payable47/48 | - | €23,047 | €23,553 | €24,143 | €19,847 | ▼ 17.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €494 | €7,212 | -€34,344 | -€8,470 | €2,523 | ▲ 130% |
| + Depreciation and write-downs630 | €2,439 | €2,039 | €1,189 | €576 | €576 | = |
| Operating cash flow (approximation) | €2,932 | €9,250 | -€33,155 | -€7,894 | €3,099 | ▲ 139% |
| Investment in fixed assets (approximation) | - | €1,200 | €0 | €0 | - | - |
| Change in cash | - | -€1,704 | -€9,871 | -€2,908 | -€3,222 | ▼ 10.8% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,523
Net result €2,523 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€34,344
Net result drops to -€34,344, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €7,212 ▲1,361%
Operating result €7,676, net result €7,212, both a record.
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
2020
31-12
Financial
Back to profitnet €494
Net result €494 after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Turnhout · 1 establishment unit since 1997
Ground area
488 m²
Building footprint
266 m²
Volume, LiDAR
1,077 m³
Parcel 13453O0859/00L000, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WHEEL CAT
since 19972.083.560.493
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0859/00L000 | Flanders | 488 m² | 1 · 266 m² | 10.2 m · 1 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 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,249 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
Founded28-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
47632Retail sale of bicycles
47830Retail sale of motorcycles and motorcycle parts and accessories
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460117124
Also
9925:BE0460117124
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.