Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The micro format states no turnover.
Of this, €676,266 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 10.8% higher than in 2024.
Lower net result than 95% of companies in computing infrastructure and information services. Sector median €20,005 · 2,300 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 184 companies (NACE 63, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 63, small). It does better than 7% of them on solvency, 38% on liquidity, 19% on profitability and 3% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,251 companies had the same profile as WireWorx has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WireWorx itself: 0.4% within 12 months.
The method was tested on the 497,447 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 1,251 companies, not a prediction for WireWorx. 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.
Liquidity is insufficient, with a current ratio of 0.31 (0.03 in 2024), below 1. Short-term debt is 25.8% and cash 4.2% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 118 days before the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WireWorx Heist-op-den-Berg | €2.6m | €138,995 | -0.5% | - |
| CCH Antwerp Zoersel | €2.1m | €170,162 | 36.1% | - |
| Uniliving Antwerp Schilde | €3.7m | €144,168 | 31.4% | - |
| Groep Driessen Genk | €1.9m | €124,583 | 12.3% | 0 |
| MoovCo Leuven | €4.2m | €130,667 | 43.3% | 0 |
| Solum Slim Oudsbergen | €2.3m | €130,219 | 33.4% | - |
| GLAUDIS HOME Herk-de-Stad | €3.0m | €107,916 | 6.3% | - |
These companies have the same main activity as WireWorx: other information service activities (NACE 63920). They are comparable in size and age: total assets between €1.9m and €4.2m, founded between 2021 and 2024.
WireWorx has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,971) and a net result of -€42,890.
Its solvency ranks better than 12% of 2,301 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €350,000. Estimated: probably between €230,000 and €540,000.
Higher than 12% of 2,301 companies in 2025.
Higher than 6% of 2,198 companies in 2025.
Higher than 19% of 2,232 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
2.6m | 2.2m | |
21/28 |
2.4m | 2.2m | |
22/27 |
2.4m | 2.2m | |
22 |
2.4m | 2.2m | |
23 |
6,078 | - | |
24 |
7,669 | 1,120 | |
29/58 |
206,506 | 15,501 | |
40/41 |
93,179 | 7,500 | |
40 |
83,575 | 7,500 | |
41 |
9,604 | - | |
54/58 |
111,096 | 5,563 | |
490/1 |
2,232 | 2,438 | |
| Balance sheet: equity and liabilities | |||
10/49 |
2.6m | 2.2m | |
10/15 |
-12,971 | 29,919 | |
10/11 |
75,000 | 75,000 | |
14 |
-87,971 | -45,081 | |
17/49 |
2.6m | 2.2m | |
17 |
2.0m | 1.7m | |
170/4 |
2.0m | 1.7m | |
42/48 |
676,266 | 460,549 | |
42 |
131,403 | 87,492 | |
44 |
74,512 | 32,645 | |
440/4 |
74,512 | 32,645 | |
45 |
3,316 | 4,569 | |
450/3 |
474 | 1,718 | |
454/9 |
2,843 | 2,851 | |
47/48 |
467,035 | 335,842 | |
492/3 |
4,042 | 3,261 | |
| Income statement | |||
9900 |
138,995 | 66,530 | |
630 |
95,667 | 42,429 | |
640/8 |
455 | 624 | |
9901 |
42,873 | 23,476 | |
75/76B |
0 | 0 | |
75 |
0 | 0 | |
65/66B |
85,561 | 68,286 | |
65 |
85,561 | 68,286 | |
9903 |
-42,687 | -44,810 | |
67/77 |
203 | 271 | |
9904 |
-42,890 | -45,081 | |
9905 |
-42,890 | -45,081 | |
| Appropriation of the result | |||
9906 |
-87,971 | -45,081 | |
14P |
-45,081 | - | |
| Document | |||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-04-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 138,540 | 65,906 | ||
| 52,777 | -2,651 | ||
| 342,705 | 2.2m | ||
| 105,533 | - | ||
| -469,760 | -445,047 | ||
| -0.5% | 1.4% | ||
| 0.31 | 0.03 | ||
| - | 72.02 | ||
| - | -150.7% | ||
| -1.6% | -2.1% | ||
| 1.62 | 0.97 |
A ratio outside any meaningful range has been withheld (balance sheet total €2.6m, equity -€12,971).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €342,705 | €2.2m |
| €95,667 | €42,429 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 83% higher than in 2024.
Equity is negative. Debt (€2.6m) exceeds the balance-sheet total (€2.6m).
WireWorx has no parent and no holdings in its annual accounts. CORVERS Bart is the only director.
| WIRELINE
registered office since 17-08-2016 · founded in 2016 |
6 FTE (2025) 0660.914.151 |
The network lets you explore the ties of WireWorx.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 1 August 2023, WireWorx was incorporated as a private limited company by two natural persons, with a starting capital of €75,000.12 In 2025 the registered office moved to Heist-op-den-Berg.3 CORVERS Bart has served as alternate director since 2024.4
| Establishment | Since | Unit number |
|---|---|---|
| Liersesteenweg 213C registered office 2220 Heist-op-den-Berg | 01-08-2023 | 2.347.924.590 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12322I1418/00H000 | 8.4 ha | 1 · 1,228 m² | 3.2 m |
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