WINGS & WHEELS
ActiveSummary
WINGS & WHEELS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42k and a net result of €5k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 68% of 3540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+11
Solvency81▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.93 against 2.81 in 2023; short-term debt: 27.5% and cash: 7.2% of total assets), and 43.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.4%
Return on assets
6.3%
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 12-06-2025, 49 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
36 d early
2022
on the day
2021
1 d early
2020
18 d late
2019
59 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€42k▼ 0.5%
2023 · €42k
2018: €41k
2019: €42k▲ +1.6% vs 2018
2020: €45k▲ +7.2% vs 2019highest in 7 years
2021: €40k▼ -11.9% vs 2020lowest in 7 years
2022: €44k▲ +9.9% vs 2021
2023: €42k▼ -4.1% vs 2022
2024: €42k▼ -0.5% vs 2023
2018 → 2024
Total assets
€74k▼ 9.0%
2023 · €81k
2018: €68klowest in 7 years
2019: €102k▲ +50.3% vs 2018
2020: €92k▼ -9.5% vs 2019
2021: €108k▲ +17.9% vs 2020highest in 7 years
2022: €92k▼ -14.8% vs 2021
2023: €81k▼ -12.4% vs 2022
2024: €74k▼ -9.0% vs 2023
2018 → 2024
Net result
€5k
2023 · €-2k
2018: €8k
2019: €11k▲ +32.5% vs 2018highest in 7 years
2020: €4k▼ -64.2% vs 2019
2021: €-5k▼ -219% vs 2020lowest in 7 years
2022: €5k▲ +204% vs 2021
2023: €-2k▼ -138% vs 2022
2024: €5k▲ +357% vs 2023
2018 → 2024
Working capital
€39k▲ 3.6%
2023 · €38k
2018: €34k
2019: €38k▲ +10.9% vs 2018
2020: €39k▲ +4.1% vs 2019
2021: €27k▼ -29.9% vs 2020lowest in 7 years
2022: €48k▲ +72.9% vs 2021highest in 7 years
2023: €38k▼ -20.7% vs 2022
2024: €39k▲ +3.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€45k-€40k▼ 11.9%€44k▲ 9.9%€42k▼ 4.1%€42k▼ 0.5%
2020: €45khighest in 5 years
2021: €40k▼ -11.9% vs 2020lowest in 5 years
2022: €44k▲ +9.9% vs 2021
2023: €42k▼ -4.1% vs 2022
2024: €42k▼ -0.5% vs 2023
Operating result€6k-€-1k€7k€-557€6k
2020: €6k
2021: €-1k▼ -126% vs 2020lowest in 5 years
2022: €7k▲ +558% vs 2021highest in 5 years
2023: €-557▼ -108% vs 2022
2024: €6k▲ +1096% vs 2023
Net result€4k-€-5k€5k€-2k€5k
2020: €4k
2021: €-5k▼ -219% vs 2020lowest in 5 years
2022: €5k▲ +204% vs 2021highest in 5 years
2023: €-2k▼ -138% vs 2022
2024: €5k▲ +357% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €6k after a loss of €557 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74k
Fixed assets
€14k ▼ 35.8%
Current assets
€59k ▲ 1.3%
Equity and liabilities €74k
Equity
€42k ▼ 0.5%
Debt
€32k ▼ 18.1%
Debt's share of the balance-sheet total falls from 48.4% to 43.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▲
2023 · €10k
Cash flow
€11k▲
2023 · €9k
Current ratio
2.93▲
2023 · 2.81
Quick ratio
1.88▲
2023 · 1.36
Debt to equity
0.77▼
2023 · 0.94
ROE
11.1%▲
2023 · -4.3%
ROA
6.3%▲
2023 · -2.2%
Interest coverage
10.59▲
2023 · 6.83
Debt ≤ 1 year
€20k▼
2023 · €21k
Debt > 1 year
€12k▼
2023 · €18k
Income taxes
€543
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€81k€74k▼
Fixed assets21/28€22k€14k▼
Tangible fixed assets22/27€22k€14k▼
Plant, machinery and equipment23€13k€7k▼
Furniture and vehicles24€10k€7k▼
Current assets29/58€59k€59k▲
Stocks and contracts in progress3€30k€21k▼
Stocks30/36€30k€21k▼
Amounts receivable within one year40/41€16k€21k▲
Trade receivables40€6k€7k▲
Other amounts receivable41€10k€14k▲
Current investments50/53€10k€10k=
Cash at bank and in hand54/58€17€5k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€81k€74k▼
Equity10/15€42k€42k▼
Contributions10/11€19k€19k=
Reserves13€23k€23k▼
Non-distributable reserves130/1€12k€12k=
Reserves not available under the articles1311€2k€2k=
Own shares acquired1312€10k€10k=
Distributable reserves133€11k€11k▼
Amounts payable17/49€39k€32k▼
Amounts payable after more than one year17€18k€12k▼
Financial debts170/4€18k€12k▼
Amounts payable within one year42/48€21k€20k▼
Current portion of amounts payable after more than one year42€12k€7k▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Other amounts payable47/48-€5k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€6k▼
Other operating charges640/8€688€2k▲
Gross operating margin9900€11k€14k▲
Operating profit (loss)9901€-557€6k▲
Financial income75/76B€203€715▲
Recurring financial income75€203€715▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-2k€5k▲
Income taxes67/77-€543
Profit (loss) for the period9904€-2k€5k▲
Profit (loss) for the period to be appropriated9905€-2k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€5k▲
Transfer from equity791/2€2k€833▼
Transfer to equity691/2-€623
To other reserves6921-€623
Profit to be distributed694/7-€5k
Return on contributions (dividend)694-€833
Directors or managers695-€4k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2k | €6k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €12k | €7k | €10k | €6k | ▼ 42.1% |
| Other operating charges640/8 | - | €880 | €2k | €688 | €2k | ▲ 234% |
| Gross operating margin9900 | €14k | €13k | €23k | €11k | €14k | ▲ 31.5% |
| Operating profit (loss)9901 | €6k | €-1k | €7k | €-557 | €6k | ▲ 1,096% |
| Financial income75/76B | - | €337 | €454 | €203 | €715 | ▲ 252% |
| Recurring financial income75 | €243 | €337 | €454 | €203 | €715 | ▲ 252% |
| Financial charges65/66B | - | €3k | €2k | €1k | €1k | ▼ 24.3% |
| Recurring financial charges65 | €2k | €3k | €2k | €1k | €1k | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €4k | €-4k | €5k | €-2k | €5k | ▲ 387% |
| Income taxes67/77 | €99 | €496 | €530 | - | €543 | - |
| Profit (loss) for the period9904 | €4k | €-5k | €5k | €-2k | €5k | ▲ 357% |
| Transfer from tax-exempt reserves789 | - | €5k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4k | €87 | €5k | €-2k | €5k | ▲ 357% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92k | €108k | €92k | €81k | €74k | ▼ 9.0% |
| Fixed assets21/28 | €20k | €48k | €19k | €22k | €14k | ▼ 35.8% |
| Intangible fixed assets21 | €2k | €990 | €365 | - | - | - |
| Tangible fixed assets22/27 | €18k | €47k | €19k | €22k | €14k | ▼ 35.8% |
| Plant, machinery and equipment23 | - | €3k | €2k | €13k | €7k | ▼ 43.4% |
| Furniture and vehicles24 | - | €45k | €17k | €10k | €7k | ▼ 26.1% |
| Current assets29/58 | €72k | €60k | €73k | €59k | €59k | ▲ 1.3% |
| Amounts receivable after more than one year29 | - | €3k | - | - | - | - |
| Other amounts receivable291 | - | €3k | - | - | - | - |
| Stocks and contracts in progress3 | €27k | €32k | €28k | €30k | €21k | ▼ 30.0% |
| Stocks30/36 | - | €32k | €28k | €30k | €21k | ▼ 30.0% |
| Amounts receivable within one year40/41 | €19k | €12k | €10k | €16k | €21k | ▲ 33.1% |
| Trade receivables40 | - | €12k | €8k | €6k | €7k | ▲ 15.7% |
| Other amounts receivable41 | - | €212 | €2k | €10k | €14k | ▲ 44.5% |
| Current investments50/53 | €10k | €10k | €10k | €10k | €10k | = |
| Cash at bank and in hand54/58 | €7k | €3k | €22k | €17 | €5k | ▲ 31,261% |
| Deferred charges and accrued income490/1 | - | €1k | €3k | €2k | €1k | ▼ 37.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92k | €108k | €92k | €81k | €74k | ▼ 9.0% |
| Equity10/15 | €45k | €40k | €44k | €42k | €42k | ▼ 0.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €26k | €21k | €25k | €23k | €23k | ▼ 0.9% |
| Non-distributable reserves130/1 | - | €12k | €12k | €12k | €12k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Own shares acquired1312 | - | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | - | €9k | €13k | €11k | €11k | ▼ 1.9% |
| Amounts payable17/49 | €47k | €69k | €49k | €39k | €32k | ▼ 18.1% |
| Amounts payable after more than one year17 | €11k | €35k | €22k | €18k | €12k | ▼ 35.3% |
| Financial debts170/4 | - | €35k | €22k | €18k | €12k | ▼ 35.3% |
| Amounts payable within one year42/48 | €33k | €33k | €26k | €21k | €20k | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | €16k | €19k | €12k | €7k | ▼ 45.7% |
| Trade debts44 | €10k | €9k | €2k | €4k | €4k | ▲ 10.4% |
| Suppliers440/4 | - | €9k | €2k | €4k | €4k | ▲ 10.4% |
| Taxes, remuneration and social security45 | - | €6k | €4k | €5k | €5k | ▼ 3.9% |
| Taxes450/3 | - | €5k | €4k | €5k | €5k | ▼ 3.9% |
| Remuneration and social security454/9 | - | €1k | €467 | - | - | - |
| Other amounts payable47/48 | - | €1k | €800 | - | €5k | - |
| Accrued charges and deferred income492/3 | - | €2k | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-5k | €5k | €-2k | €5k | ▲ 357% |
| + Depreciation and write-downs630 | €7k | €12k | €7k | €10k | €6k | ▼ 42.1% |
| Operating cash flow (approximation) | €11k | €7k | €12k | €9k | €11k | ▲ 23.6% |
| Investment in fixed assets (approximation) | - | €-41k | €22k | €-14k | €2k | ▲ 115% |
| Change in cash | - | €-5k | €20k | €-22k | €5k | ▲ 124% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Highest result since 2018net €11k ▲32.5%
Operating result €15k, net result €11k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Westerlo · 1 establishment unit since 2015
Ground area
331 m²
Building footprint
123 m²
Volume, LiDAR
655 m³
Parcel 13039D0280/00F000, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WINGS & WHEELS
since 20152.246.402.610
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13039D0280/00F000 | Flanders | 331 m² | 1 · 123 m² | 10.0 m · 1 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.
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Of 3,206 companies in sector 95316 we hold annual accounts for 751. 558 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.