Wiric
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 20 filings
Turnover
€1.3m▲ 9.0%
2024 · €1.2m
EBIT margin
38.5%▲ 20.6pp
2024 · 17.9%
Net result
€475,104▲ 110%
2024 · €225,924
Working capital
€2.7m▲ 20.8%
2024 · €2.3m
In the rankings
#2 oldest company in Sint-Truiden, Health and social work sector#5 company by equity in Limburg, Social work without accommodation sector#6 company by total assets in Sint-Truiden, Health and social work sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€1.3m
▲ 9.0%
2025
20182025
Operating result
€490,094
▲ 135%
2025
20182025
Net result
€475,104
▲ 110%
2025
highest quarter of the sector
20182025
EBIT margin
38.5%
▲ 20.6pp
2025
20182025
Equity
€5.9m
▲ 7.5%
2025
highest quarter of the sector
20182025
Total assets
€8.3m
▲ 9.7%
2025
middle half of the sector
20182025
Debt
€2.4m
▲ 15.4%
2025
20182025
Working capital
€2.7m
▲ 20.8%
2025
highest quarter of the sector
20182025
Solvency
71.1%
▼ 1.4pp
2025
middle half of the sector
20182025
Current ratio
2.91
▲ 0.13
2025
middle half of the sector
20182025
Return on assets (ROA)
5.7%
▲ 2.7pp
2025
middle half of the sector
20182025
Staff (FTE)
75.9
▼ 1.7%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.5m-€0.5m▲ 11.6%€0.6m▲ 3.0%€0.8m▲ 53.4%€0.9m▲ 10.2%€1.1m▲ 14.0%€1.2m▲ 9.9%€1.3m▲ 9.0%
Operating result€0.2m-€0.1m▼ 28.8%€0.5m▲ 283%€0.3m▼ 47.1%€1.1m▲ 273%€0.5m▼ 52.9%€0.2m▼ 58.6%€0.5m▲ 135%
Net result€0.2m-€0.4m▲ 120%€0.5mabove the sector's middle half▲ 42.0%€0.3mabove the sector's middle half▼ 44.1%€1.1mabove the sector's middle half▲ 257%€0.5mabove the sector's middle half▼ 51.1%€0.2mabove the sector's middle half▼ 56.7%€0.5mabove the sector's middle half▲ 110%
EBIT margin41.6%-26.6%▼ 15.1pp98.8%▲ 72.2pp34.1%▼ 64.7pp115.3%▲ 81.2pp47.6%▼ 67.7pp17.9%▼ 29.7pp38.5%▲ 20.6pp
Equity€3.6m-€3.9m▲ 8.7%€4.4mabove the sector's middle half▲ 12.1%€4.6mabove the sector's middle half▲ 5.4%€4.8mabove the sector's middle half▲ 4.8%€5.3mabove the sector's middle half▲ 10.4%€5.5mabove the sector's middle half▲ 3.1%€5.9mabove the sector's middle half▲ 7.5%
Total assets€4.6m-€4.9m▲ 5.4%€5.4mwithin the sector's middle half▲ 11.7%€5.5mwithin the sector's middle half▲ 2.1%€6.1mwithin the sector's middle half▲ 9.9%€6.8mabove the sector's middle half▲ 11.2%€7.5mabove the sector's middle half▲ 11.2%€8.3mwithin the sector's middle half▲ 9.7%
Debt€1.0m-€1.0m▼ 6.1%€1.1m▲ 10.2%€1.0m▼ 11.1%€1.3m▲ 34.4%€1.5m▲ 14.4%€2.1m▲ 40.7%€2.4m▲ 15.4%
Working capital€1.5m-€1.7m▲ 15.1%€2.0mabove the sector's middle half▲ 19.7%€2.0mabove the sector's middle half▼ 0.9%€2.1mabove the sector's middle half▲ 6.1%€2.7mabove the sector's middle half▲ 27.6%€2.3mabove the sector's middle half▼ 16.0%€2.7mabove the sector's middle half▲ 20.8%
Solvency77.4%-79.9%▲ 2.5pp80.1%above the sector's middle half▲ 0.3pp82.7%above the sector's middle half▲ 2.6pp78.9%above the sector's middle half▼ 3.9pp78.3%above the sector's middle half▼ 0.6pp72.5%within the sector's middle half▼ 5.8pp71.1%within the sector's middle half▼ 1.4pp
Current ratio2.94-3.14▲ 0.203.16within the sector's middle half▲ 0.023.32within the sector's middle half▲ 0.162.73within the sector's middle half▼ 0.593.30within the sector's middle half▲ 0.572.78within the sector's middle half▼ 0.522.91within the sector's middle half▲ 0.13
Return on assets (ROA)3.7%-7.8%▲ 4.0pp9.9%above the sector's middle half▲ 2.1pp5.4%within the sector's middle half▼ 4.5pp17.5%above the sector's middle half▲ 12.1pp7.7%above the sector's middle half▼ 9.8pp3.0%within the sector's middle half▼ 4.7pp5.7%within the sector's middle half▲ 2.7pp
Staff (FTE)61.1-71.9▲ 17.7%71.6within the sector's middle half▼ 0.4%73.2within the sector's middle half▲ 2.2%75.5within the sector's middle half▲ 3.1%74.7within the sector's middle half▼ 1.1%77.2within the sector's middle half▲ 3.3%75.9within the sector's middle half▼ 1.7%
above
within
below
The sector band is the middle half of the companies in Social work activities without accommodation (NACE 88). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 135% higher than in 2024. It is a recovery after the fall in 2024.
Large changes and their cause
- 2023 Net result -51% on 2022. The 2022 profit included a one-off income of €820,207.
- 2022 Net result +257% on 2021. The 2022 profit included a one-off income of €820,207.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.3m
Fixed assets
€4.1m ▲ 2.6%
Current assets
€4.2m ▲ 17.8%
Equity and liabilities €8.3m
Equity
€5.9m ▲ 7.5%
Debt
€2.4m ▲ 15.4%
Debt's share of the balance-sheet total rises from 27.5% to 28.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€762,381▲
2024 · €449,180
Cash flow
€747,391▲
2024 · €466,156
Debt to equity
0.41▲
2024 · 0.38
ROE
8.1%▲
2024 · 4.1%
Interest coverage
22.55▲
2024 · 21.13
Debt ≤ 1 year
€1.4m▲
2024 · €1.3m
Debt > 1 year
€952,490▲
2024 · €783,470
Income taxes
€8,003▼
2024 · €15,387
Customer credit
40 days▼
2024 · 49 days
Supplier credit
50 days▲
2024 · 42 days
Staff costs
€5.9m▲
2024 · €5.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 101 | 98 | 95 | 98 | 95 |
| full-time | 18 | 25 | 14 | 16 | 17 |
| part-time | 83 | 73 | 81 | 82 | 78 |
| in full-time equivalents | 75.1 | 77 | 73.8 | 75.9 | 75.3 |
| Average over the year, in full-time equivalents | 73.2 | 75.5 | 74.7 | 77.2 | 75.9 |
| On a permanent contract | 87 | 85 | 87 | 91 | 89 |
| Joined | 25 | 18 | 27 | 16 | 23 |
| Left | 20 | 21 | 30 | 13 | 26 |
| Training hours | 345 | 963 | 1,224 | 1,759 | 1,644 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €143,900 | €95,676 | €347,873 | €888,424 | €1.1m |
| Mortgages, amount registered | - | €50,000 | €50,000 | €50,000 | €50,000 |
| Mortgage mandates | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m |
| Carrying value of the mortgaged assets | €2.3m | €2.2m | €2.3m | €2.8m | €2.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €423,187 | €289,266 | €372,612 | €1.3m | €357,905 |
| Depreciation and write-downs of the year | €240,684 | €239,480 | €239,957 | €240,232 | €272,287 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €4,250 | €10,285 | €10,424 | €10,794 | €11,253 |
| Other work by the auditor | - | - | €605 | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 17 entries · €7.8m awarded · €7.8m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0.9m | €0.9m |
| 2024 | 2 | €0.9m | €1.0m |
| 2023 | 6 | €1.3m | €1.3m |
| 2022 | 7 | €4.8m | €4.8m |
Schemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €6.0m | €7.5m | €7.2m | €7.4m | €8.0m | ▲ 8.1% |
| Turnover70 | €0.5m | €0.5m | €0.6m | €0.8m | €0.9m | €1.1m | €1.2m | €1.3m | ▲ 9.0% |
| Membership fees, donations, legacies and grants73 | - | - | - | €4.9m | €5.5m | €5.9m | €6.0m | €6.4m | ▲ 7.7% |
| Other operating income74 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 15.5% |
| Non-recurring operating income76A | - | - | - | €0.02m | €0.8m | €0.02m | €0.02m | €0.02m | ▲ 0.7% |
| Operating charges60/66A | - | - | - | €5.7m | €6.4m | €6.7m | €7.2m | €7.5m | ▲ 4.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 16.0% |
| Purchases600/8 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 16.0% |
| Services and other goods61 | - | - | - | €0.5m | €0.7m | €0.6m | €0.7m | €0.7m | ▼ 8.7% |
| Remuneration, social security and pensions62 | - | - | - | €4.5m | €5.0m | €5.3m | €5.6m | €5.9m | ▲ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.007m | -€0.007m | - | - | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.05m | €0.05m | €0.07m | €0.05m | ▼ 24.8% |
| Non-recurring operating charges66A | - | - | - | €0.03m | €3 | €0.04m | €284 | €102 | ▼ 64.1% |
| Operating profit (loss)9901 | €0.2m | €0.1m | €0.5m | €0.3m | €1.1m | €0.5m | €0.2m | €0.5m | ▲ 135% |
| Financial income75/76B | - | - | - | €0.02m | €110 | €0.04m | €0.05m | €0.03m | ▼ 50.0% |
| Recurring financial income75 | €167 | €1 | €1 | €0.02m | €110 | €0.04m | €0.05m | €0.03m | ▼ 50.0% |
| Income from financial fixed assets750 | - | - | - | €0.02m | €110 | €0 | - | - | - |
| Income from current assets751 | - | - | - | - | - | €0.04m | €0.05m | €0.03m | ▼ 50.0% |
| Other financial income752/9 | - | - | - | - | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €0.007m | €0.007m | €0.01m | €0.02m | €0.03m | ▲ 59.0% |
| Recurring financial charges65 | €0.03m | €0.02m | €0.009m | €0.007m | €0.007m | €0.01m | €0.02m | €0.03m | ▲ 59.0% |
| Debt charges650 | €0.03m | €0.02m | €0.009m | €0.007m | €0.007m | €0.01m | €0.02m | €0.03m | ▲ 59.0% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.1m | €0.5m | €0.3m | €1.1m | €0.5m | €0.2m | €0.5m | ▲ 100% |
| Income taxes67/77 | - | - | - | - | - | €0.006m | €0.02m | €0.008m | ▼ 48.0% |
| Taxes670/3 | - | - | - | - | - | €0.006m | €0.02m | €0.008m | ▼ 48.0% |
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.5m | €0.3m | €1.1m | €0.5m | €0.2m | €0.5m | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.4m | €0.5m | €0.3m | €1.1m | €0.5m | €0.2m | €0.5m | ▲ 110% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.6m | €4.9m | €5.4m | €5.5m | €6.1m | €6.8m | €7.5m | €8.3m | ▲ 9.7% |
| Fixed assets21/28 | €2.4m | €2.4m | €2.5m | €2.7m | €2.8m | €2.9m | €4.0m | €4.1m | ▲ 2.6% |
| Tangible fixed assets22/27 | €2.4m | €2.4m | €2.5m | €2.7m | €2.8m | €2.9m | €4.0m | €4.1m | ▲ 2.6% |
| Land and buildings22 | - | - | - | €2.3m | €2.2m | €2.3m | €2.8m | €2.7m | ▼ 0.1% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 32.0% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 8.4% |
| Other tangible fixed assets26 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 13.2% |
| Assets under construction and advance payments27 | - | - | - | - | €0.1m | €0.1m | €0.7m | €0.7m | = |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Other financial fixed assets284/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €2.2m | €2.5m | €2.9m | €2.8m | €3.3m | €3.9m | €3.5m | €4.2m | ▲ 17.8% |
| Amounts receivable within one year40/41 | €0.3m | €0.5m | €0.7m | €0.4m | €0.8m | €0.4m | €0.2m | €0.4m | ▲ 68.4% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 11.0% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.6m | €0.2m | €0.06m | €0.2m | ▲ 280% |
| Current investments50/53 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €1.8m | €0.3m | - | - |
| Cash at bank and in hand54/58 | €1.8m | €1.8m | €2.1m | €2.2m | €2.4m | €1.7m | €3.0m | €3.7m | ▲ 24.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.06m | €0.04m | €0.04m | €0.05m | ▲ 34.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.6m | €4.9m | €5.4m | €5.5m | €6.1m | €6.8m | €7.5m | €8.3m | ▲ 9.7% |
| Equity10/15 | €3.6m | €3.9m | €4.4m | €4.6m | €4.8m | €5.3m | €5.5m | €5.9m | ▲ 7.5% |
| Contributions10/11 | - | - | - | - | €0.03m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | - | €0.03m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | - | - | - | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Profit (loss) carried forward14 | €0.6m | €0.002m | €0.5m | €0.8m | €1.9m | €2.4m | €2.7m | €3.1m | ▲ 17.9% |
| Investment grants15 | - | - | - | €1.4m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 14.0% |
| Amounts payable17/49 | €1.0m | €1.0m | €1.1m | €1.0m | €1.3m | €1.5m | €2.1m | €2.4m | ▲ 15.4% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.1m | €0.1m | €0.05m | €0.3m | €0.8m | €1.0m | ▲ 21.6% |
| Financial debts170/4 | - | - | - | €0.1m | €0.05m | €0.3m | €0.8m | €1.0m | ▲ 21.6% |
| Credit institutions173 | - | - | - | €0.1m | €0.05m | €0.3m | €0.8m | €1.0m | ▲ 23.3% |
| Other loans174 | - | - | - | - | - | - | €0.01m | - | - |
| Amounts payable within one year42/48 | €0.8m | €0.8m | €0.9m | €0.9m | €1.2m | €1.2m | €1.3m | €1.4m | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.04m | €0.09m | €0.1m | €0.1m | ▲ 2.9% |
| Trade debts44 | €0.09m | €0.08m | €0.2m | €0.08m | €0.3m | €0.2m | €0.1m | €0.2m | ▲ 20.9% |
| Suppliers440/4 | - | - | - | €0.08m | €0.3m | €0.2m | €0.1m | €0.2m | ▲ 20.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.7m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 12.4% |
| Taxes450/3 | - | - | - | €0.05m | €0.08m | €0.06m | €0.1m | €0.1m | ▲ 8.9% |
| Remuneration and social security454/9 | - | - | - | €0.7m | €0.8m | €0.8m | €0.9m | €1.0m | ▲ 12.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.02m | €0.01m | €0.02m | €0.01m | ▼ 34.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.5m | €0.3m | €1.1m | €0.5m | €0.2m | €0.5m | ▲ 110% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 13.3% |
| Operating cash flow (approximation) | €0.4m | €0.6m | €0.8m | €0.5m | €1.3m | €0.8m | €0.5m | €0.7m | ▲ 60.3% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.3m | -€0.4m | -€0.3m | -€0.4m | -€1.3m | -€0.4m | ▲ 71.7% |
| Change in cash | - | €0.05m | €0.3m | €0.1m | €0.2m | -€0.7m | €1.4m | €0.7m | ▼ 46.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,579 companies had the same profile as Wiric has now. Two years later, 96.7% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
3.2%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of Wiric itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,579 companies, not a prediction for Wiric. 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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00255614 | |
| 31-12-2024 | abbreviated format | 04-08-2025 | 2025-00358010 | |
| 31-12-2023 | abbreviated format | 27-06-2024 | 2024-00177660 | |
| 31-12-2022 | abbreviated format | 28-06-2023 | 2023-00167211 | |
| 31-12-2021 | abbreviated format | 12-08-2022 | 2022-20285076 | |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-26200358 | |
| 31-12-2019 | abbreviated format | 09-09-2020 | 2020-51900472 | |
| 31-12-2018 | abbreviated format | 19-08-2019 | 2019-47500211 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56700131 | |
| 31-12-2016 | abbreviated format | 05-07-2017 | 2017-28400308 |