Equity
€775,869 ▲ 38.8%
WICO has made a profit in every financial year since 2019.
WICO
Lifetime
7 annual accounts with figures on one time axispeak €514,453 (2025)
€514,453▲ 29.0%
peak €216,774 (2025)
€216,774▲ 73.6%
peak €775,869 (2025)
€775,869▲ 38.8%
€410,727▲ 3.9%
peak 2.1 FTE (2024)
2 FTE▼ 4.8%
Board1 name since 2018
1 directorCOGHE Wim
Documentsfilings and deeds
31-10-2025on the last day
2025abbreviated format
Gross margin from €398,670 to €514,453Result from €124,891 to €216,774Equity from €559,095 to €775,869Cash from €314,629 to €519,511
Key points
from the 2025 annual accountsResult
€216,774 ▲ 73.6%
The result rose in 2025 from €124,891 to €216,774.
Turnover
≈ €1.2m estimated
The accounts state no turnover.
Filings
7 annual accounts 11 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Starting capital
€18,600 186 shares
Position in the sector
€216,774
Higher net result than 80% of companies in fabricated metal products. Sector median €43,813 · 1,245 companies.
Checked score
91
Excellent
Financially stronger than 82% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,709 companies (NACE 25, micro).
About 2 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 12-2024
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: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.1%▼ -0.1 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 31-10-2025)
1 financial year not filed after the legal deadline
lowers risk
Liquidity: current ratio 3.30, cash €519,511
Equity €775,869 (65.4% of total assets)
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 25, micro). It does better than 70% of them on solvency, 92% on liquidity, 82% on profitability and 83% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-03-2025.
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, 26,972 companies had the same profile as WICO has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WICO itself is lower: 0.2% within 12 months. It rests on far more data about WICO than the profile alone.
Test of the method
The method was tested on the 497,448 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 26,972 companies, not a prediction for WICO. 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 €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.3 (2.77 in 2024), above the usual 1.5. Short-term debt is 17.3% and cash 43.8% of total assets. 34.6% 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
on the day
2023
6 days late
2022
9 days late
2021
8 days late
2020
45 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 11 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0694773485
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Nieuwbouw of aanleggen, Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) and 1 more · Kuurne
Amendment of the articles · Legal-form change · Resignations & appointments
Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Kuurne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WICO Kuurne | €1.2m | €514,453 | 65.4% | 2 |
| ALL TANK SOLUTIONS Zonhoven | €1.2m | €513,557 | 77.7% | 2.2 |
| DHEEDENE PRECISIE MEKANIEK Anzegem | €1.1m | €482,212 | 44.1% | 1.5 |
| M-TECS Malle | €0.8m | €417,021 | 32.6% | 1.6 |
| MUYLE ELECTRO MACHINERY DEVELOPMENT Sombreffe | €2.3m | €477,064 | 16.5% | 1.9 |
| Mecarudi Berchem-Sainte-Agathe | €0.7m | €429,074 | 70.9% | 3 |
| CARBILAM Walcourt | €1.3m | €336,918 | 45.6% | 2.5 |
These companies have the same main activity as WICO: machining of metals (NACE 25530). They are comparable in size and age: total assets between €744,000 and €2.3m, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 16-04-2018Normal situation
- Activity
- Machining of metalsNACE 25530
- Joint committee
- 111Metal, mechanical and electrical engineering · annual accounts 31-03-2024
- Establishment unit
- 2.275.771.7358520 Kuurne, since 16-04-2018
- Financial year end
- 31 March
- Peppol
- Reachable since 02-07-2025
Annual accounts to 31-03-2025
- €1.2m▲ 24.3%
- Employeeson 31-03-2025
- 2=
- Filing
- Filed on 31-10-2025
Insights on WICO
WICO files the abbreviated format. That format states no turnover. The gross margin rose from €137,617 in 2019 to €514,453 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.
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 WICO
- What is the company number of WICO?
- The company number of WICO is 0694.773.485. The VAT number is the same number with BE in front: BE 0694.773.485.
- Where is WICO based?
- The registered office is at Sint-Katriensteenweg 41, 8520 Kuurne.Company details
- What does WICO do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of WICO?
- WICO is a private limited company (BV).
- When was WICO founded?
- WICO was founded on 16-04-2018.
- Is WICO still active?
- Yes, WICO is an active enterprise in the KBO register.
- How many employees does WICO have?
- WICO had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WICO fall under?
- In its 31-03-2024 annual accounts, WICO states joint committee 111 (Metal, mechanical and electrical engineering).
- What is the turnover of WICO?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €514,453 and 2,274 comparable companies of the same size. It probably lies between €730,000 and €2.1m. It is a rough estimate.
- Is WICO profitable?
- In financial year 2025, WICO made a profit of €216,774.
- Where can I find the annual accounts of WICO?
- WICO filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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