WICAN
ActiveSummary
WICAN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.93M and a net result of €-339k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+12
Solvency72▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 30.44 against 36.7 in 2024; short-term debt: 2.4% and cash: 5% of total assets), but 52.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.3%
Return on assets
-5.5%
Age of the figures
9 mo
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 €-339k
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
43 d late
2024
151 d late
2023
64 d late
2022
33 d early
2021
30 d early
2020
8 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.93M▼ 10.3%
2024 · €3.27M
2018: €4.41M
2019: €4.88M▲ +10.7% vs 2018
2020: €4.94M▲ +1.3% vs 2019highest in 8 years
2021: €4.82M▼ -2.4% vs 2020
2022: €4.46M▼ -7.4% vs 2021
2023: €4.53M▲ +1.5% vs 2022
2024: €3.27M▼ -27.8% vs 2023
2025: €2.93M▼ -10.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€6.20M▼ 5.3%
2024 · €6.55M
2018: €11.90M
2019: €12.53M▲ +5.3% vs 2018highest in 8 years
2020: €12.48M▼ -0.4% vs 2019
2021: €12.38M▼ -0.8% vs 2020
2022: €9.23M▼ -25.4% vs 2021
2023: €9.56M▲ +3.6% vs 2022
2024: €6.55M▼ -31.5% vs 2023
2025: €6.20M▼ -5.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€-339k▲ 73.1%
2024 · €-1.26M
2018: €671khighest in 8 years
2019: €472k▼ -29.7% vs 2018
2020: €61k▼ -87.0% vs 2019
2021: €-117k▼ -290% vs 2020
2022: €-357k▼ -206% vs 2021
2023: €66k▲ +119% vs 2022
2024: €-1.26M▼ -2002% vs 2023lowest in 8 years
2025: €-339k▲ +73.1% vs 2024
2018 → 2025
Working capital
€4.42M▼ 18.1%
2024 · €5.39M
2018: €6.47M
2019: €6.26M▼ -3.1% vs 2018
2020: €5.79M▼ -7.6% vs 2019
2021: €6.49M▲ +12.0% vs 2020highest in 8 years
2022: €4.58M▼ -29.5% vs 2021
2023: €5.86M▲ +28.0% vs 2022
2024: €5.39M▼ -7.9% vs 2023
2025: €4.42M▼ -18.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.82M-€4.46M▼ 7.4%€4.53M▲ 1.5%€3.27M▼ 27.8%€2.93M▼ 10.3%
2021: €4.82Mhighest in 5 years
2022: €4.46M▼ -7.4% vs 2021
2023: €4.53M▲ +1.5% vs 2022
2024: €3.27M▼ -27.8% vs 2023
2025: €2.93M▼ -10.3% vs 2024lowest in 5 years
Operating result€41k-€-43k€217k€-1.24M€-181k▲ 85.5%
2021: €41k
2022: €-43k▼ -205% vs 2021
2023: €217k▲ +600% vs 2022highest in 5 years
2024: €-1.24M▼ -672% vs 2023lowest in 5 years
2025: €-181k▲ +85.5% vs 2024
Net result€-117k-€-357k▼ 206%€66k€-1.26M€-339k▲ 73.1%
2021: €-117k
2022: €-357k▼ -206% vs 2021
2023: €66k▲ +119% vs 2022highest in 5 years
2024: €-1.26M▼ -2002% vs 2023lowest in 5 years
2025: €-339k▲ +73.1% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €181k in 2025 against €1.24M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.20M
Fixed assets
€1.63M ▲ 62.6%
Current assets
€4.57M ▼ 17.6%
Equity and liabilities €6.20M
Equity
€2.93M ▼ 10.3%
Debt
€3.26M ▼ 0.3%
Debt's share of the balance-sheet total rises from 50.0% to 52.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-77k▲
2024 · €-1.17M
Cash flow
€-234k▲
2024 · €-1.19M
Current ratio
30.44▼
2024 · 36.70
Debt to equity
1.11▲
2024 · 1.00
ROE
-11.5%▲
2024 · -38.4%
ROA
-5.5%▲
2024 · -19.2%
Interest coverage
-0.51▲
2024 · -10.62
Debt ≤ 1 year
€150k▼
2024 · €151k
Debt > 1 year
€3.10M▼
2024 · €3.11M
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.55M€6.20M▼
Fixed assets21/28€1.00M€1.63M▲
Intangible fixed assets21€301k€271k▼
Tangible fixed assets22/27€603k€1.36M▲
Land and buildings22€583k€1.34M▲
Furniture and vehicles24€1k€336▼
Other tangible fixed assets26€18k€18k=
Financial fixed assets28€100k-
Current assets29/58€5.54M€4.57M▼
Amounts receivable after more than one year29€2.71M€2.40M▼
Other amounts receivable291€2.71M€2.40M▼
Amounts receivable within one year40/41€1.45M€1.11M▼
Trade receivables40€141k€170k▲
Other amounts receivable41€1.31M€942k▼
Current investments50/53€1.21M€596k▼
Cash at bank and in hand54/58€109k€309k▲
Deferred charges and accrued income490/1€71k€150k▲
Equity and liabilities
Total equity and liabilities10/49€6.55M€6.20M▼
Equity10/15€3.27M€2.93M▼
Contributions10/11€4.00M€4.00M=
Capital10€4.00M€4.00M=
Issued capital100€4.00M€4.00M=
Reserves13€935k€935k=
Non-distributable reserves130/1€400k€400k=
Legal reserve130€400k€400k=
Tax-exempt reserves132€301k€301k=
Distributable reserves133€233k€233k=
Profit (loss) carried forward14€-1.66M€-2.00M▼
Amounts payable17/49€3.28M€3.26M▼
Amounts payable after more than one year17€3.11M€3.10M▼
Financial debts170/4€3.11M€3.10M▼
Amounts payable within one year42/48€151k€150k▼
Current portion of amounts payable after more than one year42€150k€150k=
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Accrued charges and deferred income492/3€17k€16k▼
Income statement
Code20242025
Non-recurring operating income76A€152k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€105k▲
Other operating charges640/8€58k€81k▲
Non-recurring operating charges66A€1.20M-
Gross operating margin9900€85k€4k▼
Operating profit (loss)9901€-1.24M€-181k▲
Financial income75/76B€98k€92k▼
Recurring financial income75€98k€92k▼
Financial charges65/66B€111k€249k▲
Recurring financial charges65€111k€149k▲
Non-recurring financial charges66B-€100k
Profit (loss) for the period before taxes9903€-1.26M€-339k▲
Profit (loss) for the period9904€-1.26M€-339k▲
Transfer to tax-exempt reserves689€301k-
Profit (loss) for the period to be appropriated9905€-1.56M€-339k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.66M€-2.00M▼
Profit (loss) brought forward from the previous period14P€-103k€-1.66M▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €65k | €239k | €152k | €0 | ▼ 100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €137k | €149k | €106k | €70k | €105k | ▲ 48.5% |
| Other operating charges640/8 | €172k | €82k | €59k | €58k | €81k | ▲ 38.5% |
| Non-recurring operating charges66A | - | - | - | €1.20M | - | - |
| Gross operating margin9900 | €350k | €187k | €382k | €85k | €4k | ▼ 95.2% |
| Operating profit (loss)9901 | €41k | €-43k | €217k | €-1.24M | €-181k | ▲ 85.5% |
| Financial income75/76B | €171k | €28k | €64k | €98k | €92k | ▼ 5.7% |
| Recurring financial income75 | €40k | €28k | €64k | €98k | €92k | ▼ 5.7% |
| Non-recurring financial income76B | €131k | - | - | - | - | - |
| Financial charges65/66B | €328k | €342k | €209k | €111k | €249k | ▲ 126% |
| Recurring financial charges65 | €328k | €342k | €209k | €111k | €149k | ▲ 35.2% |
| Non-recurring financial charges66B | - | - | - | - | €100k | - |
| Profit (loss) for the period before taxes9903 | €-117k | €-357k | €73k | €-1.26M | €-339k | ▲ 73.1% |
| Income taxes67/77 | - | - | €7k | - | - | - |
| Profit (loss) for the period9904 | €-117k | €-357k | €66k | €-1.26M | €-339k | ▲ 73.1% |
| Transfer to tax-exempt reserves689 | - | - | - | €301k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-117k | €-357k | €66k | €-1.56M | €-339k | ▲ 78.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.38M | €9.23M | €9.56M | €6.55M | €6.20M | ▼ 5.3% |
| Fixed assets21/28 | €4.83M | €4.41M | €3.24M | €1.00M | €1.63M | ▲ 62.6% |
| Intangible fixed assets21 | - | - | - | €301k | €271k | ▼ 10.0% |
| Tangible fixed assets22/27 | €4.27M | €3.85M | €2.68M | €603k | €1.36M | ▲ 126% |
| Land and buildings22 | €4.25M | €3.82M | €2.66M | €583k | €1.34M | ▲ 130% |
| Furniture and vehicles24 | €4k | €3k | €2k | €1k | €336 | ▼ 71.2% |
| Other tangible fixed assets26 | €18k | €18k | €18k | €18k | €18k | = |
| Financial fixed assets28 | €563k | €563k | €563k | €100k | - | - |
| Current assets29/58 | €7.55M | €4.82M | €6.32M | €5.54M | €4.57M | ▼ 17.6% |
| Amounts receivable after more than one year29 | €500k | €2.90M | €3.12M | €2.71M | €2.40M | ▼ 11.3% |
| Other amounts receivable291 | €500k | €2.90M | €3.12M | €2.71M | €2.40M | ▼ 11.3% |
| Stocks and contracts in progress3 | €567k | €494k | €108k | - | - | - |
| Stocks30/36 | €567k | €494k | €108k | - | - | - |
| Amounts receivable within one year40/41 | €707k | €800k | €894k | €1.45M | €1.11M | ▼ 23.2% |
| Trade receivables40 | €104k | €72k | €68k | €141k | €170k | ▲ 20.4% |
| Other amounts receivable41 | €603k | €728k | €826k | €1.31M | €942k | ▼ 27.9% |
| Current investments50/53 | - | - | €2.02M | €1.21M | €596k | ▼ 50.7% |
| Cash at bank and in hand54/58 | €5.72M | €604k | €155k | €109k | €309k | ▲ 182% |
| Deferred charges and accrued income490/1 | €48k | €23k | €23k | €71k | €150k | ▲ 109% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.38M | €9.23M | €9.56M | €6.55M | €6.20M | ▼ 5.3% |
| Equity10/15 | €4.82M | €4.46M | €4.53M | €3.27M | €2.93M | ▼ 10.3% |
| Contributions10/11 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Capital10 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Issued capital100 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Reserves13 | €567k | €567k | €633k | €935k | €935k | = |
| Non-distributable reserves130/1 | €400k | €400k | €400k | €400k | €400k | = |
| Legal reserve130 | €400k | €400k | €400k | €400k | €400k | = |
| Tax-exempt reserves132 | - | - | - | €301k | €301k | = |
| Distributable reserves133 | €167k | €167k | €233k | €233k | €233k | = |
| Profit (loss) carried forward14 | €254k | €-103k | €-103k | €-1.66M | €-2.00M | ▼ 20.4% |
| Amounts payable17/49 | €7.56M | €4.77M | €5.03M | €3.28M | €3.26M | ▼ 0.3% |
| Amounts payable after more than one year17 | €6.48M | €4.51M | €4.55M | €3.11M | €3.10M | ▼ 0.3% |
| Financial debts170/4 | €6.48M | €4.51M | €4.55M | €3.11M | €3.10M | ▼ 0.3% |
| Amounts payable within one year42/48 | €1.06M | €245k | €463k | €151k | €150k | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | €150k | €150k | €150k | €150k | €150k | = |
| Trade debts44 | €24k | €20k | - | - | - | - |
| Suppliers440/4 | €24k | €20k | - | - | - | - |
| Taxes, remuneration and social security45 | €112k | €39k | €278k | €1k | - | - |
| Taxes450/3 | €112k | €39k | €278k | €1k | - | - |
| Other amounts payable47/48 | €773k | €35k | €35k | - | - | - |
| Accrued charges and deferred income492/3 | €15k | €15k | €16k | €17k | €16k | ▼ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-117k | €-357k | €66k | €-1.26M | €-339k | ▲ 73.1% |
| + Depreciation and write-downs630 | €137k | €149k | €106k | €70k | €105k | ▲ 48.5% |
| Operating cash flow (approximation) | €20k | €-208k | €172k | €-1.19M | €-234k | ▲ 80.3% |
| Investment in fixed assets (approximation) | - | €274k | €1.06M | €2.17M | €-733k | ▼ 134% |
| Change in cash | - | €-5.12M | €-449k | €-46k | €199k | ▲ 538% |
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
Next filing, fiscal year 2026, expected by
2026
12-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 43 days late
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 151 days late
2024
31-12
Financial
Weakest financial yearnet €-1.26M
Net result drops to €-1.26M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 36.70
Current ratio from 13.64 to 36.70; short-term debt falls from €463k to €151k.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
31-12
Financial
Back to profitnet €66k
Net result €66k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 19.69
Current ratio from 7.13 to 19.69; short-term debt falls from €1.06M to €245k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial 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
Registered office, Wielsbeke · 1 establishment unit since 1996
Ground area
4,287 m²
Building footprint
276 m²
Volume, LiDAR
1,457 m³
Parcel 37014B0274/00H000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WICAN
since 19962.076.891.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014B0274/00H000 | Flanders | 4,287 m² | 1 · 276 m² | 8.7 m · 2 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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 2,299 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.