WIP Effects
ActiveSummary
WIP Effects has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437,232 and a net result of €48,411. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+46
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 8.76 against 5.45 in 2024; short-term debt: 10.1% and cash: 29.8% of total assets), and 10.1% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
89.9%
Return on assets
10%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
7 d early
2023
30 d late
2022
31 d late
2021
18 d early
2020
23 d late
2019
81 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 26 August (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48,411
2024 · -€7,125
Working capital
€380,904▲ 32.6%
2024 · €287,259
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€156,219▲ 48.6%€215,677▲ 38.1%€47,143▼ 78.1%€952▼ 98.0%€82,380▲ 8,555%
Net result€103,789above the sector's middle half▲ 46.0%€137,622above the sector's middle half▲ 32.6%€30,701within the sector's middle half▼ 77.7%-€7,125below the sector's middle half€48,411within the sector's middle half
Equity€241,222within the sector's middle half▲ 75.5%€378,844above the sector's middle half▲ 57.1%€395,947above the sector's middle half▲ 4.5%€355,437above the sector's middle half▼ 10.2%€437,232above the sector's middle half▲ 23.0%
Total assets€334,326within the sector's middle half▼ 6.3%€522,577above the sector's middle half▲ 56.3%€533,837above the sector's middle half▲ 2.2%€420,030within the sector's middle half▼ 21.3%€486,330above the sector's middle half▲ 15.8%
Debt€93,103▼ 57.6%€143,733▲ 54.4%€137,890▼ 4.1%€64,592▼ 53.2%€49,098▼ 24.0%
Working capital€203,856above the sector's middle half▲ 65.5%€309,786above the sector's middle half▲ 52.0%€328,487above the sector's middle half▲ 6.0%€287,259above the sector's middle half▼ 12.6%€380,904above the sector's middle half▲ 32.6%
Solvency72.2%within the sector's middle half▲ 33.6pp72.5%within the sector's middle half▲ 0.3pp74.2%within the sector's middle half▲ 1.7pp84.6%above the sector's middle half▲ 10.5pp89.9%above the sector's middle half▲ 5.3pp
Current ratio3.21within the sector's middle half▲ 1.643.16within the sector's middle half▼ 0.053.38within the sector's middle half▲ 0.235.45above the sector's middle half▲ 2.078.76above the sector's middle half▲ 3.31
Return on assets (ROA)31.0%above the sector's middle half▲ 11.1pp26.3%within the sector's middle half▼ 4.7pp5.8%within the sector's middle half▼ 20.6pp-1.7%below the sector's middle half▼ 7.4pp10.0%within the sector's middle half▲ 11.7pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8,555% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €486,330
Fixed assets
€56,328 ▼ 17.4%
Current assets
€430,002 ▲ 22.2%
Equity and liabilities €486,330
Equity
€437,232 ▲ 23.0%
Debt
€49,098 ▼ 24.0%
Debt's share of the balance-sheet total falls from 15.4% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94,161▲
2024 · €11,325
Cash flow
€60,192▲
2024 · €3,248
Debt to equity
0.11▼
2024 · 0.18
ROE
11.1%▲
2024 · -2.0%
Interest coverage
15.06▲
2024 · 2.26
Debt ≤ 1 year
€49,098▼
2024 · €64,592
Income taxes
€28,706▲
2024 · €4,182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €100,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,146 | €7,924 | €11,014 | €10,373 | €11,781 | ▲ 13.6% |
| Other operating charges640/8 | €2,369 | €2,046 | €1,022 | €1,161 | €5,740 | ▲ 394% |
| Gross operating margin9900 | €164,734 | €225,646 | €59,180 | €12,487 | €99,901 | ▲ 700% |
| Operating profit (loss)9901 | €156,219 | €215,677 | €47,143 | €952 | €82,380 | ▲ 8,555% |
| Financial income75/76B | €1 | €1,399 | €5,770 | €1,123 | €988 | ▼ 12.0% |
| Recurring financial income75 | €1 | €1,399 | €5,770 | €1,123 | €988 | ▼ 12.0% |
| Financial charges65/66B | €4,076 | €4,351 | €7,607 | €5,018 | €6,251 | ▲ 24.6% |
| Recurring financial charges65 | €4,076 | €4,351 | €7,607 | €5,018 | €6,251 | ▲ 24.6% |
| Profit (loss) for the period before taxes9903 | €152,143 | €212,725 | €45,306 | -€2,943 | €77,117 | ▲ 2,720% |
| Income taxes67/77 | €48,354 | €75,103 | €14,605 | €4,182 | €28,706 | ▲ 586% |
| Profit (loss) for the period9904 | €103,789 | €137,622 | €30,701 | -€7,125 | €48,411 | ▲ 779% |
| Profit (loss) for the period to be appropriated9905 | €103,789 | €137,622 | €30,701 | -€7,125 | €48,411 | ▲ 779% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €334,326 | €522,577 | €533,837 | €420,030 | €486,330 | ▲ 15.8% |
| Fixed assets21/28 | €38,139 | €69,058 | €67,460 | €68,178 | €56,328 | ▼ 17.4% |
| Tangible fixed assets22/27 | €38,069 | €68,989 | €67,390 | €68,109 | €56,328 | ▼ 17.3% |
| Land and buildings22 | - | - | €1,394 | €1,394 | €1,394 | = |
| Plant, machinery and equipment23 | €1,023 | €519 | €15 | - | - | - |
| Furniture and vehicles24 | €10,102 | €6,695 | €5,590 | €13,744 | €9,383 | ▼ 31.7% |
| Leasing and similar rights25 | €1,415 | €1,114 | €812 | €511 | €210 | ▼ 59.0% |
| Other tangible fixed assets26 | €25,530 | €60,661 | €59,579 | €52,460 | €45,342 | ▼ 13.6% |
| Financial fixed assets28 | €69 | €69 | €69 | €69 | - | - |
| Current assets29/58 | €296,187 | €453,519 | €466,377 | €351,851 | €430,002 | ▲ 22.2% |
| Amounts receivable within one year40/41 | €268,475 | €426,837 | €327,338 | €159,055 | €125,011 | ▼ 21.4% |
| Trade receivables40 | €28,475 | €46,578 | €127,309 | €41,188 | €7,011 | ▼ 83.0% |
| Other amounts receivable41 | €240,000 | €380,259 | €200,029 | €117,867 | €118,000 | ▲ 0.1% |
| Current investments50/53 | - | - | - | - | €160,000 | - |
| Cash at bank and in hand54/58 | €24,175 | €23,087 | €133,037 | €186,624 | €144,992 | ▼ 22.3% |
| Deferred charges and accrued income490/1 | €3,537 | €3,595 | €6,002 | €6,172 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €334,326 | €522,577 | €533,837 | €420,030 | €486,330 | ▲ 15.8% |
| Equity10/15 | €241,222 | €378,844 | €395,947 | €355,437 | €437,232 | ▲ 23.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €223,727 | €361,349 | €378,452 | €345,068 | €378,452 | ▲ 9.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €221,867 | €359,489 | €376,592 | €343,208 | €376,592 | ▲ 9.7% |
| Profit (loss) carried forward14 | €5,095 | €5,095 | €5,095 | -€2,030 | €46,381 | ▲ 2,384% |
| Amounts payable17/49 | €93,103 | €143,733 | €137,890 | €64,592 | €49,098 | ▼ 24.0% |
| Amounts payable within one year42/48 | €92,331 | €143,733 | €137,890 | €64,592 | €49,098 | ▼ 24.0% |
| Trade debts44 | €19,667 | €16,370 | €24,004 | €25,516 | €3,412 | ▼ 86.6% |
| Suppliers440/4 | €19,667 | €16,370 | €24,004 | €25,516 | €3,412 | ▼ 86.6% |
| Taxes, remuneration and social security45 | €52,777 | €88,421 | €71,834 | €7,362 | €39,687 | ▲ 439% |
| Taxes450/3 | €49,714 | €79,083 | €62,108 | €6,210 | €39,687 | ▲ 539% |
| Remuneration and social security454/9 | €3,063 | €9,339 | €9,725 | €1,151 | - | - |
| Other amounts payable47/48 | €19,887 | €38,941 | €42,052 | €31,715 | €6,000 | ▼ 81.1% |
| Accrued charges and deferred income492/3 | €772 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,789 | €137,622 | €30,701 | -€7,125 | €48,411 | ▲ 779% |
| + Depreciation and write-downs630 | €6,146 | €7,924 | €11,014 | €10,373 | €11,781 | ▲ 13.6% |
| Operating cash flow (approximation) | €109,935 | €145,546 | €41,715 | €3,248 | €60,192 | ▲ 1,753% |
| Investment in fixed assets (approximation) | - | -€38,843 | -€9,416 | -€11,092 | €69 | ▲ 101% |
| Change in cash | - | -€1,088 | €109,950 | €53,587 | -€41,632 | ▼ 178% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
18-08
State Gazette act
Merger · Declaration
Capital · Shareholding
18-08
State Gazette act
Merger · Other statement
Declaration · Capital
2025
31-12
Financial
Back to profitnet €48,411
Net result €48,411 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€7,125
Net result drops to -€7,125, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €137,622 ▲32.6%
Operating result €215,677, net result €137,622, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.21
Current ratio from 1.56 to 3.21; short-term debt falls from €218,727 to €92,331.
31-12
Financial
Equity above €200,000Eq €241,222 ▲75.5%
4 profitable years in a row build equity to €241,222.
Show earlier events
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Equity above €100,000Eq €137,433 ▲107%
3 profitable years in a row build equity to €137,433.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 81 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 49 days late
Financial milestoneState Gazette actNBB 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, Grez-Doiceau · 1 establishment unit since 2010
Ground area
9,492 m²
Building footprint
393 m²
Volume, LiDAR
2,134 m³
Parcel 25070E0031/00G000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Wip Effects
since 20102.186.093.849
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25070E0031/00G000 | Wallonia | 9,492 m² | 1 · 393 m² | 8.4 m · 2 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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DEPREZ BUSINESS CONSULTING
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 35,737 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
Founded23-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.