WILDEV
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-12-2025 PDF all 23 filings
Equity
€11,435▼ 58.2%
2024 · €27,335
Total assets
€21,768▼ 40.6%
2024 · €36,621
Net result
-€9,133▼ 649%
2024 · -€1,220
Working capital
€10,529▼ 60.5%
2024 · €26,685
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€9,914
▼ 257%
2025
20192025
Net result
-€9,133
▼ 649%
2025
lowest quarter of the sector
20192025
Equity
€11,435
▼ 58.2%
2025
lowest quarter of the sector
20192025
Total assets
€21,768
▼ 40.6%
2025
lowest quarter of the sector
20192025
Debt
€10,333
▲ 11.3%
2025
20192025
Working capital
€10,529
▼ 60.5%
2025
middle half of the sector
20192025
Solvency
52.5%
▼ 22.1pp
2025
middle half of the sector
20192025
Current ratio
2.02
▼ 1.94
2025
middle half of the sector
20192025
Return on assets (ROA)
-42.0%
▼ 38.6pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€11,395--€9,917-€6,204▲ 37.4%-€8,727▼ 40.7%€15,280-€2,777-€9,914▼ 257%
Net result€7,015--€6,835below the sector's middle half-€2,672below the sector's middle half▲ 60.9%-€7,184below the sector's middle half▼ 169%€15,472within the sector's middle half-€1,220below the sector's middle half-€9,133below the sector's middle half▼ 649%
Equity€46,499-€39,663within the sector's middle half▼ 14.7%€36,991within the sector's middle half▼ 6.7%€29,807within the sector's middle half▼ 19.4%€45,279within the sector's middle half▲ 51.9%€27,335within the sector's middle half▼ 39.6%€11,435below the sector's middle half▼ 58.2%
Total assets€87,695-€68,841below the sector's middle half▼ 21.5%€64,263below the sector's middle half▼ 6.7%€52,722below the sector's middle half▼ 18.0%€76,919within the sector's middle half▲ 45.9%€36,621below the sector's middle half▼ 52.4%€21,768below the sector's middle half▼ 40.6%
Debt€41,196-€29,178▼ 29.2%€27,272▼ 6.5%€22,914▼ 16.0%€31,640▲ 38.1%€9,286▼ 70.7%€10,333▲ 11.3%
Working capital€40,492-€34,158within the sector's middle half▼ 15.6%€32,610within the sector's middle half▼ 4.5%€28,652within the sector's middle half▼ 12.1%€44,516within the sector's middle half▲ 55.4%€26,685within the sector's middle half▼ 40.1%€10,529within the sector's middle half▼ 60.5%
Solvency53.0%-57.6%within the sector's middle half▲ 4.6pp57.6%within the sector's middle half▼ 0.1pp56.5%within the sector's middle half▼ 1.0pp58.9%within the sector's middle half▲ 2.3pp74.6%above the sector's middle half▲ 15.8pp52.5%within the sector's middle half▼ 22.1pp
Current ratio2.88-2.96within the sector's middle half▲ 0.082.45within the sector's middle half▼ 0.512.27within the sector's middle half▼ 0.182.41within the sector's middle half▲ 0.153.96above the sector's middle half▲ 1.542.02within the sector's middle half▼ 1.94
Return on assets (ROA)8.0%--9.9%below the sector's middle half▼ 17.9pp-4.2%below the sector's middle half▲ 5.8pp-13.6%below the sector's middle half▼ 9.5pp20.1%above the sector's middle half▲ 33.7pp-3.3%below the sector's middle half▼ 23.4pp-42.0%below the sector's middle half▼ 38.6pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 operating result for 2025 is a loss of €9,914, larger than the loss of €2,777 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,768
Fixed assets
€913 =
Current assets
€20,855 ▼ 41.6%
Equity and liabilities €21,768
Equity
€11,435 ▼ 58.2%
Debt
€10,333 ▲ 11.3%
Debt's share of the balance-sheet total rises from 25.4% to 47.5%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
1.64▼
2024 · 3.52
Debt to equity
0.90▲
2024 · 0.34
ROE
-79.9%▼
2024 · -4.5%
Debt ≤ 1 year
€10,326▲
2024 · €9,023
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2023 · 1 entry · €116 awarded · €116 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,370 | €8,370 | €8,095 | €7,720 | €535 | - | - | - |
| Other operating charges640/8 | - | - | - | €895 | €1,321 | €1,027 | €941 | ▼ 8.3% |
| Gross operating margin9900 | €22,713 | -€856 | €3,089 | -€112 | €17,137 | -€1,750 | -€8,972 | ▼ 413% |
| Operating profit (loss)9901 | €11,395 | -€9,917 | -€6,204 | -€8,727 | €15,280 | -€2,777 | -€9,914 | ▼ 257% |
| Financial income75/76B | - | - | - | €2,209 | €2,654 | €1,646 | €938 | ▼ 43.0% |
| Recurring financial income75 | €0 | €3,670 | €3,827 | €2,209 | €2,654 | €1,646 | €938 | ▼ 43.0% |
| Financial charges65/66B | - | - | - | €667 | €280 | €47 | €157 | ▲ 236% |
| Recurring financial charges65 | €484 | €588 | €294 | €667 | €280 | €47 | €157 | ▲ 236% |
| Profit (loss) for the period before taxes9903 | €10,911 | -€6,835 | -€2,672 | -€7,184 | €17,654 | -€1,178 | -€9,133 | ▼ 675% |
| Income taxes67/77 | €3,896 | - | - | - | €2,182 | €41 | - | - |
| Profit (loss) for the period9904 | €7,015 | -€6,835 | -€2,672 | -€7,184 | €15,472 | -€1,220 | -€9,133 | ▼ 649% |
| Profit (loss) for the period to be appropriated9905 | €7,015 | -€6,835 | -€2,672 | -€7,184 | €15,472 | -€1,220 | -€9,133 | ▼ 649% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €87,695 | €68,841 | €64,263 | €52,722 | €76,919 | €36,621 | €21,768 | ▼ 40.6% |
| Fixed assets21/28 | €25,633 | €17,262 | €9,167 | €1,448 | €913 | €913 | €913 | = |
| Intangible fixed assets21 | €1,125 | €625 | €125 | - | - | - | - | - |
| Tangible fixed assets22/27 | €24,508 | €16,637 | €9,042 | €1,448 | €913 | €913 | €913 | = |
| Plant, machinery and equipment23 | - | - | - | €352 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,095 | €913 | €913 | €913 | = |
| Current assets29/58 | €62,062 | €51,579 | €55,096 | €51,274 | €76,007 | €35,708 | €20,855 | ▼ 41.6% |
| Stocks and contracts in progress3 | €1,216 | €2,581 | €6,289 | €5,888 | €3,938 | €3,905 | €3,908 | ▲ 0.1% |
| Stocks30/36 | - | - | - | €5,888 | €3,938 | €3,905 | €3,908 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €59,352 | €47,019 | €45,119 | €38,996 | €53,884 | €26,737 | €14,359 | ▼ 46.3% |
| Trade receivables40 | - | - | - | €3,762 | €15,018 | €6,051 | €3,452 | ▼ 42.9% |
| Other amounts receivable41 | - | - | - | €35,234 | €38,866 | €20,687 | €10,907 | ▼ 47.3% |
| Cash at bank and in hand54/58 | - | €601 | €2,097 | €4,331 | €13,786 | €3,294 | €2,111 | ▼ 35.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,059 | €4,398 | €1,772 | €477 | ▼ 73.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €87,695 | €68,841 | €64,263 | €52,722 | €76,919 | €36,621 | €21,768 | ▼ 40.6% |
| Equity10/15 | €46,499 | €39,663 | €36,991 | €29,807 | €45,279 | €27,335 | €11,435 | ▼ 58.2% |
| Contributions10/11 | €7,610 | - | - | €7,610 | €7,610 | €7,610 | €7,610 | = |
| Reserves13 | €38,888 | €32,591 | €32,591 | €32,591 | €37,669 | €19,724 | €12,958 | ▼ 34.3% |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,900 | €1,900 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €7,200 | €7,200 | €7,200 | €7,200 | = |
| Distributable reserves133 | - | - | - | €23,491 | €28,569 | €12,524 | €5,758 | ▼ 54.0% |
| Profit (loss) carried forward14 | - | -€539 | -€3,210 | -€10,394 | - | - | -€9,133 | - |
| Amounts payable17/49 | €41,196 | €29,178 | €27,272 | €22,914 | €31,640 | €9,286 | €10,333 | ▲ 11.3% |
| Amounts payable after more than one year17 | €18,629 | €11,492 | €4,261 | - | - | - | - | - |
| Amounts payable within one year42/48 | €21,570 | €17,421 | €22,485 | €22,622 | €31,490 | €9,023 | €10,326 | ▲ 14.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,073 | - | - | - | - |
| Trade debts44 | €9,729 | €8,184 | €13,154 | €15,065 | €29,308 | €8,982 | €10,326 | ▲ 15.0% |
| Suppliers440/4 | - | - | - | €15,065 | €29,308 | €8,982 | €10,326 | ▲ 15.0% |
| Advances received on contracts in progress46 | - | - | - | €1,584 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €900 | €2,182 | €41 | - | - |
| Taxes450/3 | - | - | - | €900 | €2,182 | €41 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €292 | €150 | €263 | €7 | ▼ 97.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,015 | -€6,835 | -€2,672 | -€7,184 | €15,472 | -€1,220 | -€9,133 | ▼ 649% |
| + Depreciation and write-downs630 | €8,370 | €8,370 | €8,095 | €7,720 | €535 | - | - | - |
| Operating cash flow (approximation) | €15,386 | €1,535 | €5,423 | €536 | €16,007 | -€1,220 | -€9,133 | ▼ 649% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | €1,496 | €2,234 | €9,456 | -€10,492 | -€1,183 | ▲ 88.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as WILDEV has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WILDEV itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 5,831 companies, not a prediction for WILDEV. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 24-12-2025 | 2025-00589871 | |
| 30-06-2024 | micro format | 30-12-2024 | 2024-00627311 | |
| 30-06-2023 | micro format | 20-12-2023 | 2023-00534382 | |
| 30-06-2022 | micro format | 27-01-2023 | 2023-00006566 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02700389 | |
| 30-06-2020 | micro format | 18-12-2020 | 2020-76500246 | |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03000475 | |
| 30-06-2018 | micro format | 29-01-2019 | 2019-03000226 | |
| 30-06-2017 | micro format | 30-01-2018 | 2018-03500507 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03300021 |