WHM
ActiveThe computed 12-month bankruptcy probability of WHM is 2.2% (moderate). The annual accounts of WHM for fiscal year 2025 show a net loss of 92% of the equity at the start of that year. The 2025 annual accounts show equity of €10k and a net result of €-115k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 2036 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-77
Solvency27▼-16
Growth32=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 1.16 in 2024; short-term debt: 89% and cash: 2.4% of total assets), and 98.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
1.5%
Return on assets
-17.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2036 sector peers (2025).
NBB · sector comparisonPosition among 2036 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 9 filingsDeviation from the deadline
2025
4 d late
2024
28 d late
2023
61 d late
2022
126 d late
2021
283 d late
2020
110 d late
2019
88 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€924k
EBIT margin
12.8%
Net result
€-115k
2024 · €50k
2018: €81k
2019: €23k
2020: €-38k
2021: €47k
2022: €-60k
2023: €65k
2024: €50k
2018 → 2025
Working capital
€-34k
2024 · €76k
2018: €253k
2019: €173k
2020: €104k
2021: €184k
2022: €121k
2023: €140k
2024: €76k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€171k-€111k▼ 35.0%€176k▲ 58.2%€126k▼ 28.5%€10k▼ 91.8%
Operating result€59k-€-58k€88k€87k▼ 2.1%€-108k
Net result€47k-€-60k€65k€50k▼ 22.9%€-115k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €108k after €87k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €676k
Fixed assets
€108k▼ 28.5%
Current assets
€568k▲ 0.9%
Equity and liabilities €676k
Equity
€10k▼ 91.8%
Debt
€666k▲ 13.1%
The debt ratio rises from 82.4% to 98.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-63k▼
2024 · €128k
Cash flow
€-70k▼
2024 · €91k
Solvency
1.5%▼
2024 · 17.6%
Current ratio
0.94▼
2024 · 1.16
Quick ratio
0.94▼
2024 · 1.16
Debt / equity
64.89▲
2024 · 4.69
ROA
-17.1%▼
2024 · 7.0%
Interest coverage
-9.17▼
2024 · 21.33
Debt
€666k▲
2024 · €589k
Debt ≤ 1 year
€602k▲
2024 · €487k
Debt > 1 year
€64k▼
2024 · €89k
Income taxes
€304▼
2024 · €31k
A ratio outside any meaningful range has been withheld (balance sheet total €676k, equity €10k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€714k€676k▼
Fixed assets21/28€151k€108k▼
Tangible fixed assets22/27€151k€108k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€149k€107k▼
Current assets29/58€563k€568k▲
Amounts receivable within one year40/41€418k€552k▲
Trade receivables40€256k€248k▼
Other amounts receivable41€162k€304k▲
Cash at bank and in hand54/58€144k€16k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€714k€676k▼
Equity10/15€126k€10k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€118k€2k▼
Amounts payable17/49€589k€666k▲
Amounts payable after more than one year17€89k€64k▼
Financial debts170/4€89k€64k▼
Amounts payable within one year42/48€487k€602k▲
Current portion of amounts payable after more than one year42€24k€25k▲
Financial debts43€1k-
Credit institutions430/8€1k-
Trade debts44€281k€404k▲
Suppliers440/4€281k€404k▲
Taxes, remuneration and social security45€39k€31k▼
Taxes450/3€35k€31k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€141k€141k=
Accrued charges and deferred income492/3€13k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€45k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€80k-
Other operating charges640/8€5k€12k▲
Gross operating margin9900€213k€-51k▼
Operating profit (loss)9901€87k€-108k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€81k€-115k▼
Income taxes67/77€31k€304▼
Profit (loss) for the period9904€50k€-115k▼
Profit (loss) for the period to be appropriated9905€50k€-115k▼
Appropriation of the result
Profit (loss) to be appropriated9906€218k€2k▼
Profit (loss) brought forward from the previous period14P€168k€118k▼
Profit to be distributed694/7€100k-
Return on contributions (dividend)694€100k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
31-12
Financial
Weakest financial yearnet €-115k ▼331%
Net result drops to €-115k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
31-12
Financial
Equity above €150kEq €176k ▲58.2%
Equity rises from €111k to €176k.
04-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 126 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 283 days late
2021
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
31-12
Financial
Equity above €150kEq €171k ▲38.4%
Equity rises from €124k to €171k.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 110 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
31-12
Financial
Equity above €150kEq €162k ▲16.9%
2 profitable years in a row build equity to €162k.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 415 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Anderlecht · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lennikse Baan 4511070 AnderlechtGround area
2.4 ha
Building footprint
4,149 m²
Volume, LiDAR
64,261 m³
Parcel 21307F0126/00G000, Brussels · tallest building 20.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
WHM
since 20192.292.189.182
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307F0126/00G000 | Brussels | 2.4 ha | 1 · 4,149 m² | 20.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 15,541 companies in sector 43990 we hold annual accounts for 7,422. 4,096 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2017
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.