WHOLLY SPIRITS BV
ActiveSummary
The computed 12-month bankruptcy probability of WHOLLY SPIRITS BV is 3.3% (moderate). The 2025 annual accounts show equity of €13k and a net result of €-3k. Equity is shrinking by ~2.9% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-1
Solvency28▼-1
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.94 against 0.96 in 2024; short-term debt: 96.9% and cash: 4.9% of total assets), and 96.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
3.1%
Return on assets
-0.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-12-2025, 34 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
34 d early
2024
39 d early
2023
33 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 17.9%
2024 · €16k
2023: €14k
2024: €16k
2023 → 2025
Total assets
€424k▲ 3.4%
2024 · €410k
2023: €360k
2024: €410k
2023 → 2025
Net result
€-3k
2024 · €2k
2023: €12k
2024: €2k
2023 → 2025
Working capital
€-23k▼ 33.3%
2024 · €-17k
2023: €-22k
2024: €-17k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€14k-€16k▲ 14.7%€13k▼ 17.9%
Operating result€16k-€6k▼ 62.6%€-1k
Net result€12k-€2k▼ 82.9%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €423k
Fixed assets
€36k ▲ 9.8%
Current assets
€387k ▲ 2.9%
Equity and liabilities €424k
Equity
€13k ▼ 17.9%
Debt
€411k ▲ 4.3%
Debt's share of the balance-sheet total rises from 96.1% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €17k
Cash flow
€9k▼
2024 · €13k
Current ratio
0.94▼
2024 · 0.96
Quick ratio
0.06▼
2024 · 0.06
Debt to equity
31.27▲
2024 · 24.62
ROE
-21.8%▼
2024 · 12.8%
ROA
-0.7%▼
2024 · 0.5%
Interest coverage
8.55▼
2024 · 11.13
Debt ≤ 1 year
€411k▲
2024 · €394k
Income taxes
€129▼
2024 · €2k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€410k€424k▲
Formation expenses20€666€417▼
Fixed assets21/28€33k€36k▲
Intangible fixed assets21€3k€9k▲
Tangible fixed assets22/27€30k€27k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€10k€11k▲
Furniture and vehicles24€17k€15k▼
Current assets29/58€376k€387k▲
Stocks and contracts in progress3€353k€363k▲
Stocks30/36€353k€363k▲
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€4k€385▼
Other amounts receivable41€676€1k▲
Cash at bank and in hand54/58€16k€21k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€410k€424k▲
Equity10/15€16k€13k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€14k€11k▼
Amounts payable17/49€394k€411k▲
Amounts payable within one year42/48€394k€411k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€294k€277k▼
Suppliers440/4€294k€277k▼
Advances received on contracts in progress46€4k€6k▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€93k€126k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€21k€13k▼
Operating profit (loss)9901€6k€-1k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€5k€-3k▼
Income taxes67/77€2k€129▼
Profit (loss) for the period9904€2k€-3k▼
Profit (loss) for the period to be appropriated9905€2k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€11k▼
Profit (loss) brought forward from the previous period14P€12k€14k▲
The notes to these accounts (10 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
2025
28-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-3k ▼240%
Net result drops to €-3k, the lowest in the series.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zottegem · 1 establishment unit since 2022
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.
Gentse Steenweg 3039620 ZottegemGround area
531 m²
Building footprint
105 m²
Volume, LiDAR
866 m³
Parcel 41035A0412/00M000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WHOLLY SPIRITS BV
since 20222.328.877.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41035A0412/00M000 | Flanders | 531 m² | 1 · 105 m² | 10.4 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteZottegem2.328.877.750
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-2022
Fiscal year end30-06
Activities, NACEBEL 2025
11010Manufacture of beverages
46341Wholesale of wines and spirits
46349Wholesale of beverages, general range
68110Buying and selling of own real estate
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.