WIAM
InactiveWIAM was declared bankrupt on 10-10-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 12-03-2024, published in the Belgian State Gazette on 21-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-11-2021, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
122 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 95 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€4,674
EBIT margin
-158.0%
Net result
-€1,746▲ 76.4%
2019 · -€7,384
Working capital
-€9,455▼ 11.2%
2019 · -€8,502
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€4,674
Operating result-€2,793--€7,384▼ 164%-€1,709▲ 76.9%
Net result-€2,793--€7,384▼ 164%-€1,746▲ 76.4%
EBIT margin-158.0%
Equity€469--€6,915-€8,661▼ 25.2%
Total assets€4,321-€1,601▼ 62.9%€923▼ 42.3%
Debt€3,852-€8,516▲ 121%€9,584▲ 12.5%
Working capital-€1,911--€8,502▼ 345%-€9,455▼ 11.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,709 in 2020 against €7,384 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €923
Fixed assets
€794 ▼ 50.0%
Current assets
€129 ▲ 821%
Key figures and ratios
EBITDA
-€916▲
2019 · -€6,591
Cash flow
-€953▲
2019 · -€6,591
Debt ≤ 1 year
€9,584▲
2019 · €8,516
Ratios withheld: a balance sheet total of €923 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | €4,674 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €793 | €793 | €793 | = |
| Gross operating margin9900 | -€2,000 | -€6,591 | -€749 | ▲ 88.6% |
| Operating profit (loss)9901 | -€2,793 | -€7,384 | -€1,709 | ▲ 76.9% |
| Recurring financial charges65 | - | - | €37 | - |
| Profit (loss) for the period before taxes9903 | -€2,793 | -€7,384 | -€1,746 | ▲ 76.4% |
| Profit (loss) for the period9904 | -€2,793 | -€7,384 | -€1,746 | ▲ 76.4% |
| Profit (loss) for the period to be appropriated9905 | -€2,793 | -€7,384 | -€1,746 | ▲ 76.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €4,321 | €1,601 | €923 | ▼ 42.3% |
| Fixed assets21/28 | €2,380 | €1,587 | €794 | ▼ 50.0% |
| Tangible fixed assets22/27 | €2,380 | €1,587 | €794 | ▼ 50.0% |
| Current assets29/58 | €1,941 | €14 | €129 | ▲ 821% |
| Cash at bank and in hand54/58 | €1,941 | €14 | €129 | ▲ 821% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €4,321 | €1,601 | €923 | ▼ 42.3% |
| Equity10/15 | €469 | -€6,915 | -€8,661 | ▼ 25.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€5,731 | -€13,115 | -€14,861 | ▼ 13.3% |
| Amounts payable17/49 | €3,852 | €8,516 | €9,584 | ▲ 12.5% |
| Amounts payable within one year42/48 | €3,852 | €8,516 | €9,584 | ▲ 12.5% |
| Trade debts44 | €3,789 | €8,168 | €2,557 | ▼ 68.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,793 | -€7,384 | -€1,746 | ▲ 76.4% |
| + Depreciation and write-downs630 | €793 | €793 | €793 | = |
| Operating cash flow (approximation) | -€2,000 | -€6,591 | -€953 | ▲ 85.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€1,927 | €115 | ▲ 106% |
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
2024
21-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 12-03-2024
2022
17-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 10-10-2022
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Weakest financial yearnet -€7,384
Net result drops to -€7,384, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUC AUSTRAET AVENUE COMMANDANT
LOTHAIRE 14, 1040 BRUXELLES 4 |
10-10-2022 → 12-03-2024 |