Equity
-€116,392
Debts exceed assets in financial year 2025.
WIRO
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €7,189 (2006)
-€45,031▼ €5,190
lowest -€57,697 (2025)
-€57,697▼ €13,064
peak €33,493 (2009)
-€116,392▼ €57,697
€4.3m▲ 48×
Board1 name since 2021
1 directorGuy De Winne
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from -€39,841 to -€45,031Loss of €57,697Registered office moved from Dendermonde to Aalst 15-12Equity from -€58,695 to -€116,392Debts from €89,581 to €4.3mCash from €2,702 to €66,682
Key points
from the 2025 annual accountsLosses
-€149,885 in 16 years
Every financial year from 2010 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€4.3m 103% of the balance sheet
Financial debts 15%Suppliers 1%Other 85%
Of this, €3.7m falls due within a year.
Liquidity
0.03 was 2.12 in 2024
Short-term debts rose from €14,581 to €3.7m.
Filings
26 annual accounts since 2000
Eight of the last ten came late. The 2018 accounts came latest: 30 days after the end of the period.
Position in the sector
-€116,392
Less equity than 94% of companies in real estate. Sector median €73,055 · 17,210 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 12% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.6%▼ -0.2 percentage points vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.5%▼ -0.1 percentage points vs 03-2025
05-2025: 1.4%▼ -0.1 percentage points vs 04-2025
06-2025: 1.3%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.2 percentage points vs 06-2025
08-2025: 1.8%▲ +0.3 percentage points vs 07-2025
09-2025: 1.9%▲ +0.1 percentage points vs 08-2025
10-2025: 3.6%▲ +1.7 percentage points vs 09-2025
11-2025: 1.9%▼ -1.7 percentage points vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 3.6%▲ +1.7 percentage points vs 12-2025
02-2026: 3.6%● unchanged vs 01-2026
03-2026: 3.5%▼ -0.1 percentage points vs 02-2026
04-2026: 3.5%● unchanged vs 03-2026
05-2026: 3.3%▼ -0.2 percentage points vs 04-2026
06-2026: 3.3%● unchanged vs 05-2026
07-2026: 3.5%▲ +0.2 percentage points vs 06-2026
08-2026: 4.4%▲ +0.9 percentage points vs 07-2026highest value
09-2026: 0.8%▼ -3.6 percentage points vs 08-2026
10-2026: 0.7%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€116,392
1 change of registered office in 24 months
Liquidity: current ratio 0.03, cash €66,682
lowers risk
Size: total assets €4.2m
Calculation
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 68, small). It does better than 11% of them on solvency, 6% on liquidity, 27% on profitability and 5% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 1,242 companies had the same profile as WIRO has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WIRO itself: 0.7% within 12 months.
Test of the method
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 1,242 companies, not a prediction for WIRO. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.03 (2.12 in 2024), below 1. Short-term debt is 87.9% and cash 1.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€116,392
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
29 days late
2023
1 day early
2022
4 days early
2021
26 days late
2020
12 days late
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0469522659
Registered office moved from Dendermonde to Aalst
New registered office: Gentse Steenweg 414 9300 Aalst · Previous registered office: Zijpestraat 61 9200 Dendermonde · General meeting of 04-12-2025 · Gazette deed
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 4 more · Provincie Oost-Vlaanderen
Address struck
effective 18-07-2024 · KBO administration
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WIRO Aalst | €4.2m | -€45,031 | -2.8% | - |
| CANAL CONSTRUCT Ghent | €3.8m | -€8,270 | 3.4% | - |
| ABAK Merelbeke-Melle | €3.5m | -€7,614 | 8.7% | - |
| EKKELGARDEN PARK Temse | €3.8m | -€26,633 | -17.9% | 0 |
| SOENEN-DEQUAE Oostkamp | €4.2m | -€31,011 | 12.9% | 0.3 |
| DEQUALEX Saint-Ghislain | €4.1m | -€36,155 | 95.8% | - |
| INNER CITY REAL ESTATE Hasselt | €3.9m | -€12,422 | 0.2% | - |
These companies have the same main activity as WIRO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €3.5m and €4.2m, founded between 1997 and 2003.
Official details
Source: KBO- Status
- Active since 11-01-2000Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.115.927.9109300 Aalst, since 12-09-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 02-02-2026
Insights on WIRO
WIRO files the micro format. That format states no turnover. The gross margin fell from €7,189 in 2006 to -€45,031 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WIRO
- What is the company number of WIRO?
- The company number of WIRO is 0469.522.659. The VAT number is the same number with BE in front: BE 0469.522.659.
- Where is WIRO based?
- The registered office is at Gentse steenweg 414, 9300 Aalst.Company details
- What does WIRO do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of WIRO?
- WIRO is a private limited company (BV).
- When was WIRO founded?
- WIRO was founded on 11-01-2000.
- Is WIRO still active?
- Yes, WIRO is an active enterprise in the KBO register.
- What is the turnover of WIRO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is WIRO profitable?
- In financial year 2025, WIRO made a loss of €57,697.
- Where can I find the annual accounts of WIRO?
- WIRO filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WIRO due?
- WIRO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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