WIJBLIJ
Bankruptcy closedInactive since 22-04-2026; last annual accounts for financial year 2022.
Summary
WIJBLIJ was declared bankrupt on 09-01-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 21-04-2026, published in the Belgian Official Gazette on 24-04-2026.
Financials · financial year 2022, micro format
Equity
€20,721
2021 · -€6,467
Total assets
€534,402▼ 7.0%
2021 · €574,516
Net result
€14,787▲ 142%
2021 · €6,112
Working capital
-€7,809▲ 92.8%
2021 · -€109,134
Trend over the years
2019 to 2022, 4 financial years
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 83% above 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€17,783
2022
Net result€14,787
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€534,402
2022
Equity€20,721
2022
Debt€513,682
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€7,809
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)5
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€44,304--€50,453€9,696€17,783▲ 83.4%
Net result€34,600--€53,378€6,112€14,787▲ 142%
Equity€40,800--€12,579-€6,467▲ 48.6%€20,721
Total assets€246,183-€504,859▲ 105%€574,516▲ 13.8%€534,402▼ 7.0%
Debt€205,383-€517,437▲ 152%€580,983▲ 12.3%€513,682▼ 11.6%
Working capital-€2,902--€165,407▼ 5,599%-€109,134▲ 34.0%-€7,809▲ 92.8%
Staff (FTE)4-5.3▲ 32.5%5.9▲ 11.3%5▼ 15.3%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €534,402
Fixed assets
€239,908 ▼ 8.4%
Current assets
€294,494 ▼ 5.8%
Equity and liabilities €534,402
Equity
€20,721
Debt
€513,682
Debt finances 96.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€62,326▲
2021 · €49,238
Cash flow
€59,331▲
2021 · €45,654
Current ratio
0.97▲
2021 · 0.74
Quick ratio
0.80▲
2021 · 0.59
Debt to equity
24.79
ROE
71.4%
ROA
2.8%▲
2021 · 1.1%
Interest coverage
20.64▲
2021 · 13.73
Debt ≤ 1 year
€302,304▼
2021 · €421,709
Debt > 1 year
€209,036▲
2021 · €156,932
Staff costs
€240,121▲
2021 · €226,437
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €226,437 | €240,121 | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,577 | €34,421 | €39,542 | €44,544 | ▲ 12.6% |
| Other operating charges640/8 | - | - | €2,188 | €7,775 | ▲ 255% |
| Gross operating margin9900 | €224,402 | €167,675 | €277,862 | €310,222 | ▲ 11.6% |
| Operating profit (loss)9901 | €44,304 | -€50,453 | €9,696 | €17,783 | ▲ 83.4% |
| Financial income75/76B | - | - | €2 | €25 | ▲ 1,131% |
| Recurring financial income75 | - | €1,301 | €2 | €25 | ▲ 1,131% |
| Financial charges65/66B | - | - | €3,585 | €3,020 | ▼ 15.8% |
| Recurring financial charges65 | €3,184 | €4,115 | €3,585 | €3,020 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €41,120 | -€53,267 | €6,113 | €14,787 | ▲ 142% |
| Income taxes67/77 | €6,520 | €111 | €1 | - | - |
| Profit (loss) for the period9904 | €34,600 | -€53,378 | €6,112 | €14,787 | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | €34,600 | -€53,378 | €6,112 | €14,787 | ▲ 142% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €246,183 | €504,859 | €574,516 | €534,402 | ▼ 7.0% |
| Fixed assets21/28 | €68,704 | €272,596 | €261,941 | €239,908 | ▼ 8.4% |
| Tangible fixed assets22/27 | €68,704 | €272,596 | €261,941 | €239,908 | ▼ 8.4% |
| Plant, machinery and equipment23 | - | - | €248,564 | €220,884 | ▼ 11.1% |
| Furniture and vehicles24 | - | - | €13,377 | €19,025 | ▲ 42.2% |
| Current assets29/58 | €177,479 | €232,262 | €312,575 | €294,494 | ▼ 5.8% |
| Stocks and contracts in progress3 | €7,513 | €46,006 | €64,162 | €52,401 | ▼ 18.3% |
| Stocks30/36 | - | - | €64,162 | €52,401 | ▼ 18.3% |
| Amounts receivable within one year40/41 | €160,005 | €150,918 | €144,848 | €208,392 | ▲ 43.9% |
| Trade receivables40 | - | - | €101,810 | €206,615 | ▲ 103% |
| Other amounts receivable41 | - | - | €43,038 | €1,776 | ▼ 95.9% |
| Cash at bank and in hand54/58 | €9,961 | €35,338 | €100,370 | €33,702 | ▼ 66.4% |
| Deferred charges and accrued income490/1 | - | - | €3,195 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €246,183 | €504,859 | €574,516 | €534,402 | ▼ 7.0% |
| Equity10/15 | €40,800 | -€12,579 | -€6,467 | €20,721 | - |
| Contributions10/11 | €6,200 | - | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €32,740 | -€20,639 | -€14,527 | €261 | - |
| Amounts payable17/49 | €205,383 | €517,437 | €580,983 | €513,682 | ▼ 11.6% |
| Amounts payable after more than one year17 | €23,002 | €117,768 | €156,932 | €209,036 | ▲ 33.2% |
| Financial debts170/4 | - | - | €156,932 | €209,036 | ▲ 33.2% |
| Amounts payable within one year42/48 | €180,381 | €397,669 | €421,709 | €302,304 | ▼ 28.3% |
| Current portion of amounts payable after more than one year42 | - | - | €44,902 | €37,564 | ▼ 16.3% |
| Trade debts44 | €120,300 | €236,999 | €209,757 | €195,474 | ▼ 6.8% |
| Suppliers440/4 | - | - | €209,757 | €195,474 | ▼ 6.8% |
| Taxes, remuneration and social security45 | - | - | €45,768 | €46,156 | ▲ 0.8% |
| Taxes450/3 | - | - | - | €14,862 | - |
| Remuneration and social security454/9 | - | - | €45,768 | €31,294 | ▼ 31.6% |
| Other amounts payable47/48 | - | - | €121,283 | €23,110 | ▼ 80.9% |
| Accrued charges and deferred income492/3 | - | - | €2,342 | €2,342 | = |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,600 | -€53,378 | €6,112 | €14,787 | ▲ 142% |
| + Depreciation and write-downs630 | €17,577 | €34,421 | €39,542 | €44,544 | ▲ 12.6% |
| Operating cash flow (approximation) | €52,176 | -€18,957 | €45,654 | €59,331 | ▲ 30.0% |
| Investment in fixed assets (approximation) | - | -€238,314 | -€28,887 | -€22,511 | ▲ 22.1% |
| Change in cash | - | €25,377 | €65,032 | -€66,668 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2022 | micro format | 21-03-2023 | 2023-00043492 |
| 30-09-2021 | micro format | 27-04-2022 | 2022-20009851 |
| 30-09-2020 | micro format | 31-05-2021 | 2021-16200309 |
| 30-09-2019 | micro format | 22-04-2020 | 2020-09600531 |
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €960 awarded · €951 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €60 | €51 |
| 2022 | 1 | €900 | €900 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.