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WIG Studio

Active
Private limited companyfounded 2024active for 2 yearsAvenue de la Croix de Bourgogne 11, 1410 Waterloo, BelgiumKBO/BCE: BE 1010.618.353

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 23-03-2026 at the NBB all 2 filings

Turnover
≈ €36,000
Estimated: probably between €17,000 and €74,000
Total assets
€24,815▲ 179%
2024 · €8,891
Net result
€5,336
2024 · -€2,385
Working capital
-€13,370▼ 51.1%
2024 · -€8,848
Trend over the years

2024 to 2025, 2 financial years

The operating result for 2025 is a profit of €5,416, after a loss of €2,373 in 2024.

Operating result€5,416 2025 Net result€5,336 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€2,373-€5,416
Net result-€2,385below the sector's middle half-€5,336within the sector's middle half
Equity-€1,885below the sector's middle half-€3,451below the sector's middle half
Total assets€8,891below the sector's middle half-€24,815below the sector's middle half▲ 179%
Debt€10,776-€21,364▲ 98.3%
Working capital-€8,848below the sector's middle half--€13,370below the sector's middle half▼ 51.1%
Solvency-21.2%below the sector's middle half-13.9%below the sector's middle half▲ 35.1pp
Current ratio0.18below the sector's middle half-0.37below the sector's middle half▲ 0.20
Return on assets (ROA)-26.8%below the sector's middle half-21.5%within the sector's middle half▲ 48.3pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,244
Fixed assets €16,250 ▲ 160%
Current assets €7,994 ▲ 317%
Equity and liabilities €24,815
Equity €3,451
Debt €21,364
Debt's share of the balance-sheet total is 86.1%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,819▲
2024 · -€2,331
Cash flow
€7,739▲
2024 · -€2,342
Debt to equity
6.19
ROE
154.6%
Interest coverage
over 100▲
2024 · -207.17
Debt ≤ 1 year
€21,364▲
2024 · €10,764
Income taxes
€1,613
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as WIG Studio: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €21,200 and €28,600, founded in 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
WIG Studio Waterloo2024€24,815€3,451€7,928€5,3362025
SALUS CONSULTING Ukkel2024€24,445€6,750€8,016€4,7452025
EXPL'OSE Namur2024€24,408€10,380€8,336€4,0092025
FraPartners Burdinne2024€24,318€7,445€7,149€3,4452025
WILLOWS INVEST Grimbergen2024€28,571€14,383€7,918€5,9852025
Concept-O Heist-op-den-Berg2024€26,028€5,628€6,894€4,0342025
AEVER Consulting Gent2024€21,234€7,090€8,288€5,0902025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 7,976 companies had the same profile as WIG Studio has now. Two years later, 3.6% had gone bankrupt and 94.3% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% was still going

Another 0.3% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of WIG Studio itself is lower: 0.1% within 12 months. It rests on far more data about WIG Studio than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 7,976 companies, not a prediction for WIG Studio. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Source: Annual accounts 2025 at the NBB, filed on 23-03-2026.

Balance sheet Code20242025
Assets
Total assets20/58€8,891€24,815▲
Formation expenses20€724€571▼
Fixed assets21/28€6,250€16,250▲
Tangible fixed assets22/27-€11,250
Furniture and vehicles24-€11,250
Financial fixed assets28€6,250€5,000▼
Current assets29/58€1,917€7,994▲
Amounts receivable within one year40/41€172€3,678▲
Trade receivables40-€3,678
Other amounts receivable41€172€0▼
Cash at bank and in hand54/58€1,333€4,007▲
Deferred charges and accrued income490/1€412€309▼
Equity and liabilities
Total equity and liabilities10/49€8,891€24,815▲
Equity10/15-€1,885€3,451▲
Contributions10/11€500€500=
Profit (loss) carried forward14-€2,385€2,951▲
Amounts payable17/49€10,776€21,364▲
Amounts payable within one year42/48€10,764€21,364▲
Trade debts44€1,432€2,447▲
Suppliers440/4€1,432€2,447▲
Taxes, remuneration and social security45-€3,240
Taxes450/3-€3,240
Other amounts payable47/48€9,332€15,678▲
Accrued charges and deferred income492/3€11€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43€2,403▲
Other operating charges640/8-€108
Gross operating margin9900-€2,331€7,928▲
Operating profit (loss)9901-€2,373€5,416▲
Financial income75/76B-€1,563
Recurring financial income75-€1,563
Financial charges65/66B€11€30▲
Recurring financial charges65€11€30▲
Profit (loss) for the period before taxes9903-€2,385€6,948▲
Income taxes67/77-€1,613
Profit (loss) for the period9904-€2,385€5,336▲
Profit (loss) for the period to be appropriated9905-€2,385€5,336▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2,385€2,951▲
Profit (loss) brought forward from the previous period14P--€2,385

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43€2,403▲ 56×
Other operating charges640/8-€108-
Gross operating margin9900-€2,331€7,928-
Operating profit (loss)9901-€2,373€5,416-
Financial income75/76B-€1,563-
Recurring financial income75-€1,563-
Financial charges65/66B€11€30▲ 165%
Recurring financial charges65€11€30▲ 165%
Profit (loss) for the period before taxes9903-€2,385€6,948-
Income taxes67/77-€1,613-
Profit (loss) for the period9904-€2,385€5,336-
Profit (loss) for the period to be appropriated9905-€2,385€5,336-
Line20242025Change
Assets
Total assets20/58€8,891€24,815▲ 179%
Formation expenses20€724€571▼ 21.2%
Fixed assets21/28€6,250€16,250▲ 160%
Tangible fixed assets22/27-€11,250-
Furniture and vehicles24-€11,250-
Financial fixed assets28€6,250€5,000▼ 20.0%
Current assets29/58€1,917€7,994▲ 317%
Amounts receivable within one year40/41€172€3,678▲ 21×
Trade receivables40-€3,678-
Other amounts receivable41€172€0▼ 100%
Cash at bank and in hand54/58€1,333€4,007▲ 201%
Deferred charges and accrued income490/1€412€309▼ 25.1%
Equity and liabilities
Total equity and liabilities10/49€8,891€24,815▲ 179%
Equity10/15-€1,885€3,451-
Contributions10/11€500€500=
Profit (loss) carried forward14-€2,385€2,951-
Amounts payable17/49€10,776€21,364▲ 98.3%
Amounts payable within one year42/48€10,764€21,364▲ 98.5%
Trade debts44€1,432€2,447▲ 70.8%
Suppliers440/4€1,432€2,447▲ 70.8%
Taxes, remuneration and social security45-€3,240-
Taxes450/3-€3,240-
Other amounts payable47/48€9,332€15,678▲ 68.0%
Accrued charges and deferred income492/3€11€0▼ 100%
Line20242025Change
Profit (loss) for the period9904-€2,385€5,336-
+ Depreciation and write-downs630€43€2,403▲ 56×
Operating cash flow (approximation)-€2,342€7,739-
Investment in fixed assets (approximation)--€12,403-
Change in cash-€2,675-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference Document
30-09-2025 micro format 23-03-2026 2026-00059003 NBB
30-09-2024 micro format 31-03-2025 2025-00059766 NBB

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