Summary
WIPAM has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.7m and a net result of €89,248. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 29% of 3243 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
6 d early
2023
118 d early
2022
20 d early
2021
25 d early
2020
31 d early
2019
25 d early
← 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 34 days before 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 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 oldest company in Maldegem, Professional and technical services sector#8 company by total assets in Maldegem, Professional and technical services sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€665,537▼ 39.5%
2024 · €1.1m
EBIT margin
32.7%▼ 3.5pp
2024 · 36.2%
Net result
€89,248▼ 85.2%
2024 · €601,359
Working capital
-€250,414▼ 243%
2024 · -€73,000
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€681,080▼ 17.8%€853,781▲ 25.4%€848,303▼ 0.6%€1.1m▲ 29.7%€665,537▼ 39.5%
Operating result€161,207▼ 14.1%€215,911▲ 33.9%€204,259▼ 5.4%€398,481▲ 95.1%€217,671▼ 45.4%
Net result€71,462within the sector's middle half▼ 10.6%€113,451within the sector's middle half▲ 58.8%€111,186within the sector's middle half▼ 2.0%€601,359above the sector's middle half▲ 441%€89,248within the sector's middle half▼ 85.2%
EBIT margin23.7%▲ 1.0pp25.3%▲ 1.6pp24.1%▼ 1.2pp36.2%▲ 12.1pp32.7%▼ 3.5pp
Equity€3.2mabove the sector's middle half▲ 2.3%€3.3mabove the sector's middle half▲ 3.6%€3.4mabove the sector's middle half▲ 3.4%€1.6mwithin the sector's middle half▼ 53.7%€1.7mwithin the sector's middle half▲ 5.7%
Total assets€4.7mwithin the sector's middle half▼ 2.7%€4.7mwithin the sector's middle half▲ 0.2%€4.9mwithin the sector's middle half▲ 5.4%€5.0mwithin the sector's middle half▲ 0.8%€5.8mwithin the sector's middle half▲ 15.7%
Debt€1.2m▼ 13.5%€1.1m▼ 7.6%€1.3m▲ 14.0%€3.1m▲ 148%€3.8m▲ 22.4%
Working capital€226,303within the sector's middle half▲ 11.8%€359,707within the sector's middle half▲ 58.9%€307,013within the sector's middle half▼ 14.6%-€73,000within the sector's middle half-€250,414below the sector's middle half▼ 243%
Solvency67.5%within the sector's middle half▲ 3.3pp69.8%within the sector's middle half▲ 2.3pp68.5%within the sector's middle half▼ 1.3pp31.5%within the sector's middle half▼ 37.0pp28.8%within the sector's middle half▼ 2.7pp
Current ratio1.68within the sector's middle half▲ 0.152.01within the sector's middle half▲ 0.331.79within the sector's middle half▼ 0.220.91within the sector's middle half▼ 0.880.77within the sector's middle half▼ 0.14
Return on assets (ROA)1.5%within the sector's middle half▼ 0.1pp2.4%within the sector's middle half▲ 0.9pp2.3%within the sector's middle half▼ 0.2pp12.1%within the sector's middle half▲ 9.8pp1.6%within the sector's middle half▼ 10.5pp
Staff (FTE)4.4within the sector's middle half▼ 8.3%3.7within the sector's middle half▼ 15.9%3.5within the sector's middle half▼ 5.4%3within the sector's middle half▼ 14.3%2.5within the sector's middle half▼ 16.7%
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 falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€4.9m ▲ 15.4%
Current assets
€832,806 ▲ 17.6%
Equity and liabilities €5.8m
Equity
€1.7m ▲ 5.7%
Provisions
€272,510 ▼ 3.9%
Debt
€3.8m ▲ 22.4%
Debt's share of the balance-sheet total rises from 62.8% to 66.5%. Equity and debt are higher.
Key figures and ratios
ROE
5.4%▼
2024 · 38.4%
Debt ≤ 1 year
€1.1m▲
2024 · €781,145
Debt > 1 year
€2.7m▲
2024 · €2.3m
Income taxes
€28,371▼
2024 · €83,081
Staff costs
€239,548▼
2024 · €252,695
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €702,152 | €886,537 | €867,844 | €1.1m | €1.1m | ▼ 1.1% |
| Turnover70 | €681,080 | €853,781 | €848,303 | €1.1m | €665,537 | ▼ 39.5% |
| Other operating income74 | €21,071 | €17,942 | €19,541 | €12,822 | €11,950 | ▼ 6.8% |
| Non-recurring operating income76A | - | €14,814 | - | €6,884 | €430,346 | ▲ 6,152% |
| Operating charges60/66A | €540,945 | €670,626 | €663,585 | €721,391 | €890,163 | ▲ 23.4% |
| Services and other goods61 | €178,525 | €278,285 | €292,456 | €321,534 | €505,408 | ▲ 57.2% |
| Remuneration, social security and pensions62 | €214,468 | €257,206 | €242,671 | €252,695 | €239,548 | ▼ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €122,943 | €109,132 | €97,737 | €114,007 | €108,047 | ▼ 5.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€12,231 | -€11,952 | -€11,720 | -€11,414 | -€11,119 | ▲ 2.6% |
| Other operating charges640/8 | €37,240 | €37,955 | €42,441 | €44,569 | €48,279 | ▲ 8.3% |
| Operating profit (loss)9901 | €161,207 | €215,911 | €204,259 | €398,481 | €217,671 | ▼ 45.4% |
| Financial income75/76B | €1,500 | €3,214 | €6,767 | €400,250 | €51,562 | ▼ 87.1% |
| Recurring financial income75 | €1,500 | €3,214 | €6,767 | €400,250 | €51,562 | ▼ 87.1% |
| Income from financial fixed assets750 | €1,500 | - | - | €400,250 | €51,500 | ▼ 87.1% |
| Income from current assets751 | - | €3,214 | €6,767 | €0 | €55 | ▲ 33,994% |
| Other financial income752/9 | €0 | €0 | - | - | €8 | - |
| Financial charges65/66B | €64,435 | €66,197 | €79,388 | €114,292 | €151,615 | ▲ 32.7% |
| Recurring financial charges65 | €64,435 | €66,197 | €79,388 | €114,292 | €151,615 | ▲ 32.7% |
| Debt charges650 | €64,240 | €65,193 | €75,902 | €106,448 | €147,049 | ▲ 38.1% |
| Other financial charges652/9 | €195 | €1,004 | €3,486 | €7,844 | €4,565 | ▼ 41.8% |
| Profit (loss) for the period before taxes9903 | €98,272 | €152,928 | €131,638 | €684,439 | €117,619 | ▼ 82.8% |
| Income taxes67/77 | €26,810 | €39,477 | €20,452 | €83,081 | €28,371 | ▼ 65.9% |
| Taxes670/3 | €26,810 | €39,477 | €20,452 | €83,081 | €28,371 | ▼ 65.9% |
| Profit (loss) for the period9904 | €71,462 | €113,451 | €111,186 | €601,359 | €89,248 | ▼ 85.2% |
| Profit (loss) for the period to be appropriated9905 | €71,462 | €113,451 | €111,186 | €601,359 | €89,248 | ▼ 85.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.7m | €4.7m | €4.9m | €5.0m | €5.8m | ▲ 15.7% |
| Formation expenses20 | €14,246 | €14,246 | €14,246 | €14,246 | €14,246 | = |
| Fixed assets21/28 | €4.1m | €4.0m | €4.2m | €4.3m | €4.9m | ▲ 15.4% |
| Tangible fixed assets22/27 | €1.1m | €978,669 | €1.2m | €1.1m | €984,523 | ▼ 12.3% |
| Land and buildings22 | €1.0m | €945,412 | €1.1m | €1.1m | €972,497 | ▼ 11.8% |
| Furniture and vehicles24 | €558 | €279 | - | - | - | - |
| Leasing and similar rights25 | €3,672 | €32,978 | €26,000 | €19,003 | €12,025 | ▼ 36.7% |
| Assets under construction and advance payments27 | - | - | €55,778 | - | - | - |
| Financial fixed assets28 | €3.0m | €3.0m | €3.0m | €3.1m | €3.9m | ▲ 25.3% |
| Affiliated companies280/1 | €3.0m | €3.0m | €3.0m | €3.1m | €3.9m | ▲ 25.3% |
| Participating interests280 | €2.9m | €3.0m | €3.0m | €3.0m | €3.8m | ▲ 26.1% |
| Amounts receivable281 | €100,000 | - | - | €100,000 | €100,000 | = |
| Other financial fixed assets284/8 | €150 | €150 | €150 | €150 | €150 | = |
| Amounts receivable and cash guarantees285/8 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €561,228 | €716,562 | €695,706 | €708,146 | €832,806 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €534,991 | €695,335 | €622,159 | €699,271 | €810,435 | ▲ 15.9% |
| Trade receivables40 | €469,664 | €514,917 | €450,479 | €682,850 | €625,673 | ▼ 8.4% |
| Other amounts receivable41 | €65,327 | €180,418 | €171,679 | €16,421 | €184,762 | ▲ 1,025% |
| Cash at bank and in hand54/58 | €24,215 | €17,852 | €45,621 | €5,818 | €21,294 | ▲ 266% |
| Deferred charges and accrued income490/1 | €2,021 | €3,375 | €27,927 | €3,058 | €1,077 | ▼ 64.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.7m | €4.7m | €4.9m | €5.0m | €5.8m | ▲ 15.7% |
| Equity10/15 | €3.2m | €3.3m | €3.4m | €1.6m | €1.7m | ▲ 5.7% |
| Contributions10/11 | €2.4m | €2.4m | €2.4m | €613,985 | €613,985 | = |
| Capital10 | €2.4m | €2.4m | €2.4m | €613,985 | €613,985 | = |
| Issued capital100 | €2.4m | €2.4m | €2.4m | €613,985 | €613,985 | = |
| Reserves13 | €731,748 | €845,199 | €956,385 | €952,407 | €1.0m | ▲ 9.4% |
| Non-distributable reserves130/1 | €34,277 | €39,950 | €242,365 | €61,398 | €61,398 | = |
| Legal reserve130 | €34,277 | €39,950 | €242,365 | €61,398 | €61,398 | = |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €678,721 | €786,499 | €695,270 | €872,259 | €961,507 | ▲ 10.2% |
| Provisions and deferred taxes16 | €318,716 | €306,764 | €295,044 | €283,630 | €272,510 | ▼ 3.9% |
| Provisions for liabilities and charges160/5 | €318,716 | €306,764 | €295,044 | €283,630 | €272,510 | ▼ 3.9% |
| Pensions and similar obligations160 | €318,716 | €306,764 | €295,044 | €283,630 | €272,510 | ▼ 3.9% |
| Amounts payable17/49 | €1.2m | €1.1m | €1.3m | €3.1m | €3.8m | ▲ 22.4% |
| Amounts payable after more than one year17 | €861,268 | €749,589 | €872,647 | €2.3m | €2.7m | ▲ 17.1% |
| Financial debts170/4 | €861,268 | €749,589 | €872,647 | €2.3m | €2.7m | ▲ 17.1% |
| Leasing and similar obligations172 | - | €23,782 | €15,108 | €6,143 | - | - |
| Credit institutions173 | €861,268 | €725,807 | €857,539 | €2.3m | €2.7m | ▲ 17.4% |
| Amounts payable within one year42/48 | €334,924 | €356,855 | €388,693 | €781,145 | €1.1m | ▲ 38.7% |
| Current portion of amounts payable after more than one year42 | €138,269 | €143,852 | €170,680 | €335,126 | €330,942 | ▼ 1.2% |
| Financial debts43 | €45,000 | €29,227 | €20,597 | €129,422 | €129,322 | ▼ 0.1% |
| Credit institutions430/8 | €45,000 | €29,227 | €20,597 | €129,422 | €129,322 | ▼ 0.1% |
| Trade debts44 | €39,424 | €109,298 | €126,583 | €90,762 | €551,949 | ▲ 508% |
| Suppliers440/4 | €39,424 | €109,298 | €126,583 | €90,762 | €551,949 | ▲ 508% |
| Taxes, remuneration and social security45 | €97,746 | €74,477 | €70,833 | €82,447 | €69,927 | ▼ 15.2% |
| Taxes450/3 | €62,804 | €27,791 | €20,790 | €35,468 | €26,575 | ▼ 25.1% |
| Remuneration and social security454/9 | €34,942 | €46,685 | €50,042 | €46,979 | €43,353 | ▼ 7.7% |
| Other amounts payable47/48 | €14,485 | - | - | €143,388 | €1,080 | ▼ 99.2% |
| Accrued charges and deferred income492/3 | €989 | €350 | €174 | €1,200 | €870 | ▼ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,462 | €113,451 | €111,186 | €601,359 | €89,248 | ▼ 85.2% |
| + Depreciation and write-downs630 | €122,943 | €109,132 | €97,737 | €114,007 | €108,047 | ▼ 5.2% |
| Operating cash flow (approximation) | €194,405 | €222,583 | €208,923 | €715,366 | €197,295 | ▼ 72.4% |
| Investment in fixed assets (approximation) | - | €35,091 | -€372,778 | -€140,219 | -€762,760 | ▼ 444% |
| Change in cash | - | -€6,363 | €27,768 | -€39,803 | €15,477 | ▲ 139% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €601,359 ▲441%
Operating result €398,481, net result €601,359, both a record.
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €71,462 ▼10.6%
Net result drops to €71,462, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
No directors read yet: 0 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 1996
Ground area
1,814 m²
Building footprint
524 m²
Volume, LiDAR
2,402 m³
Parcel 43010C0160/00C002, Flanders · tallest building 14.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Industrielaan 12, 9990 Maldegem
since 19962.048.915.162
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0160/00C002 | Flanders | 1,814 m² | 1 · 524 m² | 14.7 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.
Structure & network
Owners and holdings
1 owner · 3 holdingsChain of control
- Wilco
- WIPAM
Highest known parent: Wilco. The sources do not say who stands above it.
Owners 1
- Wilcoparent100%
Holdings 3
-
100%
- QUADRIFINISHsubsidiaryEquity -€255,291Result -€52,345100%
-
70%
According to the 2025 annual accounts of WIPAM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPublic limited company
Founded12-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440950617
Registered
28-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.