WILTGEN
ActiveThe computed 12-month bankruptcy probability of WILTGEN is 3.0% (moderate). The 2025 annual accounts show equity of €12k and a net result of €1k. Equity is shrinking by ~34.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 24% of 1544 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+8
Solvency30▼-1
Growth32=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.04 against 1.05 in 2024; short-term debt: 95% and cash: 3.1% of total assets), and 95.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 2025Solvency, return and age of the figures
Solvency
4.8%
Return on assets
0.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1544 sector peers (2025).
NBB · sector comparisonPosition among 1544 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▲ 13.1%
2024 · €10k
2023: €20k
2024: €10k
2023 → 2025
Total assets
€248k▲ 49.6%
2024 · €166k
2023: €127k
2024: €166k
2023 → 2025
Net result
€1k
2024 · €-10k
2023: €10k
2024: €-10k
2023 → 2025
Working capital
€9k▲ 2.6%
2024 · €8k
2023: €17k
2024: €8k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€20k-€10k▼ 48.0%€12k▲ 13.1%
Operating result€12k-€-12k€-5k▲ 57.5%
Net result€10k-€-10k€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €12k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248k
Fixed assets
€3k▲ 117%
Current assets
€244k▲ 49.2%
Equity and liabilities €248k
Equity
€12k▲ 13.1%
Debt
€236k▲ 52.0%
The debt ratio rises from 93.7% to 95.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-4k▲
2024 · €-11k
Cash flow
€3k▲
2024 · €-9k
Solvency
4.8%▼
2024 · 6.3%
Current ratio
1.04▼
2024 · 1.05
Quick ratio
0.99▲
2024 · 0.99
Debt / equity
19.96▲
2024 · 14.85
ROE
11.6%▲
2024 · -92.1%
ROA
0.6%▲
2024 · -5.8%
Interest coverage
-1.76▲
2024 · -2.84
Debt
€236k▲
2024 · €155k
Debt ≤ 1 year
€236k▲
2024 · €155k
Staff costs
€142k▲
2024 · €126k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€166k€248k▲
Formation expenses20€557€330▼
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€1k€3k▲
Furniture and vehicles24€1k€3k▲
Financial fixed assets28€363€363=
Current assets29/58€164k€244k▲
Stocks and contracts in progress3€11k€11k▼
Stocks30/36€11k€11k▼
Amounts receivable within one year40/41€129k€226k▲
Trade receivables40€3k€17k▲
Other amounts receivable41€126k€209k▲
Cash at bank and in hand54/58€24k€8k▼
Deferred charges and accrued income490/1€212€120▼
Equity and liabilities
Total equity and liabilities10/49€166k€248k▲
Equity10/15€10k€12k▲
Contributions10/11€10k€10k=
Reserves13€10k€10k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-10k€-8k▲
Amounts payable17/49€155k€236k▲
Amounts payable within one year42/48€155k€236k▲
Trade debts44€103k€121k▲
Suppliers440/4€103k€121k▲
Taxes, remuneration and social security45€53k€87k▲
Taxes450/3€17k€28k▲
Remuneration and social security454/9€35k€60k▲
Other amounts payable47/48-€27k
Accrued charges and deferred income492/3-€450
Income statement
Code20242025
Remuneration, social security and pensions62€126k€142k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€7k€2k▼
Gross operating margin9900€121k€140k▲
Operating profit (loss)9901€-12k€-5k▲
Financial income75/76B€7k€9k▲
Recurring financial income75€7k€9k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€-10k€1k▲
Profit (loss) for the period9904€-10k€1k▲
Profit (loss) for the period to be appropriated9905€-10k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-8k▲
Profit (loss) brought forward from the previous period14P-€-10k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-10k ▼195%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Arlon · 2 establishment units since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stockem, rue de l'Harmonie 226700 ArlonGround area
614 m²
Building footprint
194 m²
Volume, LiDAR
1,874 m³
2 parcels, Wallonia · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
WILTGEN
since 20222.334.895.611
WILTGEN
since 20222.334.895.710
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81011C0091/00B000 | Wallonia | 488 m² | 1 · 107 m² | 9.8 m · 3 fl. |
| 81001A0193/00F000 ProtectedMonument |
Wallonia | 126 m² | 1 · 87 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
2 sitesArlon2.334.895.611
Arlon2.334.895.710
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BOULANGERIE ELISABETH
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,009 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2022
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.