Equity
€2.9m from €4.9m in 2020
Equity fell by 41% in 5 years.
WICAN
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €1.3m (2016)
€4,090▼ 95.2%
lowest -€1.3m (2024)
-€338,540▲ €919,037
peak €4.9m (2020)
€2.9m▼ 10.3%
€3.3m▼ 0.3%
Board4 names since 2015
3 directorsDries Van Canneyt and 2 others
Documentsfilings and deeds
12-09-202643 days late
2025abbreviated format
Gross margin from €85,075 to €4,090Loss of €338,540Merger: WICAN takes over AEDICHAR 06-03Investments €733,324Cash from €109,439 to €308,904
Key points
from the 2025 annual accountsLosses
-€1.6m in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €16,000 estimated
The accounts state no turnover.
Investments
€833,324 8.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 130.3% higher than in 2024.
Filings
30 annual accounts since 1996
Seven of the last ten came late. The 2024 accounts came latest: 151 days after the end of the period.
Position in the sector
-€338,540
Lower net result than 95% of companies in real estate. Sector median €9,997 · 11,290 companies.
Net result +73%: merger
Checked score
91
Excellent
Financially stronger than 44% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.2 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.7%▲ +0.2 percentage points vs 11-2025
01-2026: 1.6%▲ +0.9 percentage points vs 12-2025highest value
02-2026: 0.7%▼ -0.9 percentage points vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.1%▼ -0.8 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 43 days late; 3 of the last 3 accounts late
Loss of €338,540, the second in a row (financial year 2025)
lowers risk
Size: total assets €6.2m
Figures for financial year 2025 (filed on 15-09-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 66% of them on solvency, 82% on liquidity, 5% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 830 companies had the same profile as WICAN has now. Each dot stands for 3 companies, two years later.
96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of WICAN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 830 companies, not a prediction for WICAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 30.44 (36.7 in 2024), above the usual 1.5. Short-term debt is 2.4% and cash 5% of total assets. However, 52.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€338,540
raises risk · 2025 accounts filed 43 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-09-2026, 43 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
43 days late
2024
151 days late
2023
64 days late
2022
33 days early
2021
30 days early
2020
8 days early
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 September (4 of the last 5 accounts filed within 76 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Merger: WICAN takes over AEDICHAR
Changes of role: Dries Van Canneyt, Caroline Lannoo and Tine Van Canneyt · Resignation: WICAN (director) · Permanent representative: Dries Van Canneyt · General meeting of 24-12-2024 · Gazette deed
Merger proposal: Wican takes over Aedichar
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0457964516
3 directors reappointed
Dries Van Canneyt, Caroline Lannoo and Tine Van Canneyt · General meeting of 11-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WICAN Wielsbeke | €6.2m | €4,090 | 47.3% | - |
| DE NIEUWE VOORHAVEN Ghent | €7.5m | €3,187 | 74.2% | - |
| IMMO JAVI Ixelles | €7.9m | €3,293 | -53.4% | - |
| JOCHEMS RUDI Knokke-Heist | €5.5m | €4,134 | 35.0% | - |
| WYMEX Bruges | €3.6m | €10,567 | 71.7% | - |
| COLDE Dilsen-Stokkem | €4.6m | €8,251 | 7.5% | - |
| FERNAND RUTTEN Schilde | €5.7m | €9,088 | 99.8% | - |
These companies have the same main activity as WICAN: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €3.6m and €7.9m, founded between 1992 and 2007.
Official details
Source: KBO- Status
- Active since 13-05-1996Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.076.891.9428710 Wielsbeke, since 13-06-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Insights on WICAN
WICAN files the abbreviated format. That format states no turnover. The gross margin fell from €19,730 in 2006 to €4,090 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WICAN
- What is the company number of WICAN?
- The company number of WICAN is 0457.964.516. The VAT number is the same number with BE in front: BE 0457.964.516.
- Where is WICAN based?
- The registered office is at Roterijstraat (S.B.V.) 10, 8710 Wielsbeke.Company details
- What does WICAN do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of WICAN?
- WICAN is a public limited company (NV).
- When was WICAN founded?
- WICAN was founded on 13-05-1996.
- Is WICAN still active?
- Yes, WICAN is an active enterprise in the KBO register.
- What is the turnover of WICAN?
- The turnover in financial year 2025 is ≈ €16,000. This figure is estimated from the gross margin of €4,090 and 30 comparable companies (NACE 68110). It probably lies between €8,500 and €40,000. It is a rough estimate.Financials
- Is WICAN profitable?
- In financial year 2025, WICAN made a loss of €338,540.
- Where can I find the annual accounts of WICAN?
- WICAN filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WICAN due?
- WICAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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