WIFAC
ActiveSummary
WIFAC has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €443k and a net result of €682k. Equity is shrinking by ~19.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 40% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+33
Solvency60▲+26
Growth54=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.11 in 2023; short-term debt: 64% and cash: 52.2% of total assets), but 64.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.1%
Return on assets
54%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
30 d early
2022
28 d late
2021
18 d late
2020
2 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€11.21M▲ 374%
2022 · €2.37M
EBIT margin
5.6%▼ 8.6pp
2022 · 14.3%
Net result
€682k▲ 51.4%
2023 · €451k
Working capital
€433k▼ 17.9%
2023 · €528k
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
Line20202021202220232024
Turnover€2.85M▼ 75.8%€7.39M▲ 159%€2.37M▼ 67.9%€11.21M▲ 374%
Operating result€241k▼ 43.8%€508k▲ 111%€337k▼ 33.5%€632k▲ 87.4%€973k▲ 53.8%
Net result€157k▼ 47.8%€355k▲ 126%€251k▼ 29.2%€451k▲ 79.3%€682k▲ 51.4%
EBIT margin8.5%▲ 4.8pp6.9%▼ 1.6pp14.3%▲ 7.4pp5.6%▼ 8.6pp
Equity€1.08M▼ 11.7%€743k▼ 31.2%€390k▼ 47.5%€526k▲ 34.7%€443k▼ 15.7%
Total assets€5.05M▲ 162%€1.32M▼ 73.9%€2.85M▲ 117%€5.56M▲ 95.0%€1.26M▼ 77.3%
Debt€3.97M▲ 463%€574k▼ 85.5%€2.46M▲ 329%€5.04M▲ 105%€821k▼ 83.7%
Working capital€1.07M▼ 12.8%€722k▼ 32.3%€376k▼ 47.9%€528k▲ 40.4%€433k▼ 17.9%
Staff (FTE)8.4▼ 3.4%7.6▼ 9.5%9.5▲ 25.0%8.8▼ 7.4%8.8=
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 54% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.26M
Fixed assets
€23k ▼ 3.1%
Current assets
€1.24M ▼ 77.6%
Equity and liabilities €1.26M
Equity
€443k ▼ 15.7%
Debt
€821k ▼ 83.7%
Debt's share of the balance-sheet total falls from 90.5% to 64.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€974k▲
2023 · €634k
Cash flow
€684k▲
2023 · €452k
Current ratio
1.54▲
2023 · 1.11
Quick ratio
1.49▲
2023 · 1.10
Debt to equity
1.85▼
2023 · 9.58
ROE
153.9%▲
2023 · 85.7%
ROA
54.0%▲
2023 · 8.1%
Interest coverage
161.57▲
2023 · 101.22
Debt ≤ 1 year
€809k▼
2023 · €5.01M
Income taxes
€287k▲
2023 · €177k
Staff costs
€949k▲
2023 · €884k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €7.39M | €2.37M | €11.21M | - | - |
| Turnover70 | €2.85M | €7.39M | €2.37M | €11.21M | - | - |
| Other operating income74 | - | €2k | €2k | €3k | - | - |
| Operating charges60/66A | - | €6.88M | €2.03M | €10.58M | - | - |
| Goods for resale, raw materials and consumables60 | - | €5.85M | €807k | €9.17M | - | - |
| Purchases600/8 | - | €5.85M | €802k | €9.17M | - | - |
| Change in stocks: decrease (increase)609 | - | €2k | €5k | €-4k | - | - |
| Services and other goods61 | - | €435k | €539k | €518k | - | - |
| Remuneration, social security and pensions62 | - | €591k | €683k | €884k | €949k | ▲ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €544 | €721 | €773 | €1k | €2k | ▲ 14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-2k | €-420 | €2k | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €0 | - |
| Other operating charges640/8 | - | €5k | €3k | €10k | €4k | ▼ 65.4% |
| Gross operating margin9900 | - | - | - | - | €1.93M | - |
| Operating profit (loss)9901 | €241k | €508k | €337k | €632k | €973k | ▲ 53.8% |
| Financial income75/76B | - | €3k | €838 | €2k | €3k | ▲ 71.6% |
| Recurring financial income75 | €7k | €3k | €838 | €2k | €1k | ▼ 22.4% |
| Income from current assets751 | - | €3k | €838 | €2k | - | - |
| Non-recurring financial income76B | - | €1 | - | - | €2k | - |
| Financial charges65/66B | - | €8k | €7k | €6k | €6k | ▼ 3.7% |
| Recurring financial charges65 | €6k | €8k | €7k | €6k | €6k | ▼ 3.7% |
| Other financial charges652/9 | - | €8k | €7k | €6k | - | - |
| Profit (loss) for the period before taxes9903 | €242k | €502k | €331k | €628k | €970k | ▲ 54.4% |
| Income taxes67/77 | €85k | €148k | €80k | €177k | €287k | ▲ 62.0% |
| Taxes670/3 | - | €148k | €80k | €177k | - | - |
| Profit (loss) for the period9904 | €157k | €355k | €251k | €451k | €682k | ▲ 51.4% |
| Profit (loss) for the period to be appropriated9905 | €157k | €355k | €251k | €451k | €682k | ▲ 51.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.05M | €1.32M | €2.85M | €5.56M | €1.26M | ▼ 77.3% |
| Fixed assets21/28 | €21k | €21k | €24k | €23k | €23k | ▼ 3.1% |
| Tangible fixed assets22/27 | €21k | €21k | €24k | €23k | €23k | ▼ 3.1% |
| Land and buildings22 | - | €21k | €21k | €21k | €21k | = |
| Furniture and vehicles24 | - | €757 | €3k | €3k | €2k | ▼ 27.2% |
| Current assets29/58 | €5.03M | €1.30M | €2.83M | €5.54M | €1.24M | ▼ 77.6% |
| Stocks and contracts in progress3 | €18k | €19k | €14k | €15k | €36k | ▲ 135% |
| Stocks30/36 | - | €19k | €14k | €15k | €36k | ▲ 135% |
| Goods purchased for resale34 | - | €19k | €14k | €15k | - | - |
| Amounts receivable within one year40/41 | €4.58M | €439k | €2.19M | €3.81M | €521k | ▼ 86.3% |
| Trade receivables40 | - | €416k | €2.19M | €3.81M | €521k | ▼ 86.3% |
| Other amounts receivable41 | - | €23k | - | - | - | - |
| Cash at bank and in hand54/58 | €431k | €838k | €610k | €1.68M | €660k | ▼ 60.7% |
| Deferred charges and accrued income490/1 | - | €1 | €18k | €28k | €25k | ▼ 11.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.05M | €1.32M | €2.85M | €5.56M | €1.26M | ▼ 77.3% |
| Equity10/15 | €1.08M | €743k | €390k | €526k | €443k | ▼ 15.7% |
| Contributions10/11 | €839k | €350k | €350k | €350k | €350k | = |
| Capital10 | - | €350k | €350k | €350k | €350k | = |
| Issued capital100 | - | €350k | €350k | €350k | €350k | = |
| Reserves13 | €84k | €35k | €35k | €35k | €35k | = |
| Non-distributable reserves130/1 | - | €35k | €35k | €35k | €35k | = |
| Legal reserve130 | - | €35k | €35k | €35k | €35k | = |
| Profit (loss) carried forward14 | €158k | €358k | €5k | €141k | €58k | ▼ 58.6% |
| Amounts payable17/49 | €3.97M | €574k | €2.46M | €5.04M | €821k | ▼ 83.7% |
| Amounts payable within one year42/48 | €3.96M | €574k | €2.45M | €5.01M | €809k | ▼ 83.9% |
| Trade debts44 | €192k | €341k | €142k | €691k | €378k | ▼ 45.3% |
| Suppliers440/4 | - | €341k | €142k | €691k | €378k | ▼ 45.3% |
| Advances received on contracts in progress46 | - | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | - | €194k | €229k | €411k | €431k | ▲ 4.9% |
| Taxes450/3 | - | €50k | €61k | €186k | €200k | ▲ 7.6% |
| Remuneration and social security454/9 | - | €144k | €168k | €225k | €231k | ▲ 2.7% |
| Other amounts payable47/48 | - | €39k | €2.08M | €3.91M | - | - |
| Accrued charges and deferred income492/3 | - | - | €10k | €25k | €13k | ▼ 50.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157k | €355k | €251k | €451k | €682k | ▲ 51.4% |
| + Depreciation and write-downs630 | €544 | €721 | €773 | €1k | €2k | ▲ 14.9% |
| Operating cash flow (approximation) | €158k | €355k | €252k | €452k | €684k | ▲ 51.3% |
| Investment in fixed assets (approximation) | - | €-743 | €-3k | €-1k | €-963 | ▲ 10.4% |
| Change in cash | - | €407k | €-228k | €1.07M | €-1.02M | ▼ 195% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €682k ▲51.4%
Operating result €973k, net result €682k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €526k ▲34.7%
6 profitable years in a row build equity to €526k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 2.78
Current ratio from 1.36 to 2.78; short-term debt falls from €3.02M to €685k.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Mechelen · 1 establishment unit since 1994
Ground area
2,685 m²
Building footprint
528 m²
Volume, LiDAR
3,328 m³
Parcel 12403E0856/00E000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
40
companies at this address
See who is registered here
1 establishment unit
WIFAC
since 19942.131.109.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0856/00E000 | Flanders | 2,685 m² | 1 · 528 m² | 7.1 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.
Similar companies · same sector, comparable size
Baspo Works
BE 0421.004.645
Hasselt · Eq €443,094
EQUIPMENT MACHINE TOOLS
BE 0471.713.671
Leuze-en-Hainaut · Eq €445,920
COUSSEMENT
BE 0461.603.105
Zwevegem · Eq €446,699
B.K.E. MACHINES INTERNATIONAL
BE 0453.915.854
Sambreville · Eq €447,466
SAFETY CONSTRUCT
BE 0819.292.781
Beerse · Eq €438,122
Of 828 companies in sector 46620 we hold annual accounts for 642. 513 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
Founded30-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46620Wholesale of machine tools
46649Wholesale of other machinery and equipment
Contact
Website
www.wifac.be
Scores and ratios are computed by Checked and are not a credit decision.