WISE
ActiveSummary
WISE has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292,174 and a net result of €79,088. Equity has been growing by about 54% per year since 2021. Its solvency ranks better than 25% of 337 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-01-2021 Normal situation
- Activity
- Manufacture of other wood products NACE 16281and 2 others
- Establishment unit
- 2.313.628.558 8900 Ypres, since 04-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Board and ownership
- Peter SegersDirector
- Peter Segersdeed of 07-08-2026
- Holdings
- Shares in 1 company ECBN
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €199,703
- ▲ 33.6%
- Turnover
- ≈ €510,000
- estimated
- Profit
- €79,088
- ▲ 74.8%
- Equity
- €292,174
- ▲ 37.1%
- Total assets
- €1.4m
- ▲ 122%
- 2025 accounts filed 60 days after the deadline
Score breakdownraises riskLast filed accounts filed 60 days late; 1 of the last 3 accounts lateFounded in 2021lowers riskSize: total assets €1.4mLiquidity: current ratio 1.01, cash €478,579Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 16, micro). It does better than 28% of them on solvency, 66% on liquidity, 60% on profitability and 81% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 8 days after the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 60 days after the deadline Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00533711.
Annual accounts 2025 filed on 29-09-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is 85% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €118,988 | €253,159 | €60,536 | €45,860 | €22,148 |
| Financial fixed assets | - | - | - | - | €405,490 |
| Depreciation and write-downs of the year | €12,762 | €44,276 | €83,800 | €92,612 | €95,017 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,762 | €44,276 | €83,800 | €92,612 | €95,017 | ▲ 2.6% |
| Other operating charges640/8 | €458 | €560 | €600 | €513 | €628 | ▲ 22.4% |
| Gross operating margin9900 | €50,816 | €139,999 | €114,019 | €149,432 | €199,703 | ▲ 33.6% |
| Operating profit (loss)9901 | €37,596 | €95,163 | €29,619 | €56,307 | €104,058 | ▲ 84.8% |
| Financial income75/76B | - | €93 | - | €3 | €721 | ▲ 240× |
| Recurring financial income75 | - | €93 | - | €3 | €721 | ▲ 240× |
| Financial charges65/66B | €34 | €103 | €124 | €74 | €5 | ▼ 92.6% |
| Recurring financial charges65 | €34 | €103 | €124 | €74 | €5 | ▼ 92.6% |
| Profit (loss) for the period before taxes9903 | €37,562 | €95,153 | €29,495 | €56,236 | €104,773 | ▲ 86.3% |
| Income taxes67/77 | €6,000 | €1,871 | €6,489 | €11,000 | €25,686 | ▲ 134% |
| Profit (loss) for the period9904 | €31,562 | €93,282 | €23,006 | €45,236 | €79,088 | ▲ 74.8% |
| Profit (loss) for the period to be appropriated9905 | €31,562 | €93,282 | €23,006 | €45,236 | €79,088 | ▲ 74.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.4m | €0.5m | €0.6m | €0.6m | €1.4m | ▲ 122% |
| Fixed assets21/28 | €0.1m | €0.3m | €0.3m | €0.2m | €0.6m | ▲ 136% |
| Tangible fixed assets22/27 | €0.1m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 29.7% |
| Plant, machinery and equipment23 | €0.1m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 29.7% |
| Financial fixed assets28 | - | - | - | - | €0.4m | - |
| Current assets29/58 | €0.2m | €0.2m | €0.3m | €0.4m | €0.8m | ▲ 112% |
| Stocks and contracts in progress3 | €0.06m | €0.02m | €0.02m | €0.1m | €0.08m | ▼ 37.5% |
| Stocks30/36 | €0.06m | €0.02m | €0.02m | €0.1m | €0.08m | ▼ 37.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.04m | €0.1m | €0.08m | €0.2m | ▲ 191% |
| Trade receivables40 | €0.1m | €0.04m | €0.1m | €0.07m | €0.2m | ▲ 144% |
| Other amounts receivable41 | - | - | €0.003m | €0.003m | €0.04m | ▲ 16× |
| Cash at bank and in hand54/58 | €0.07m | €0.2m | €0.1m | €0.2m | €0.5m | ▲ 188% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | ▲ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.4m | €0.5m | €0.6m | €0.6m | €1.4m | ▲ 122% |
| Equity10/15 | €0.05m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 37.1% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.03m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 41.8% |
| Distributable reserves133 | €0.03m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 41.8% |
| Profit (loss) carried forward14 | €0.002m | €0.007m | €0.006m | €0.001m | €0 | ▼ 100% |
| Amounts payable17/49 | €0.3m | €0.4m | €0.4m | €0.4m | €1.1m | ▲ 167% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.4m | €0.4m | €0.8m | ▲ 93.1% |
| Financial debts43 | €0.03m | €0.08m | €0.1m | €0.2m | €0.2m | = |
| Credit institutions430/8 | - | - | - | - | €0.1m | - |
| Other loans439 | €0.03m | €0.08m | €0.1m | €0.2m | €0.07m | ▼ 58.0% |
| Trade debts44 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 26.0% |
| Suppliers440/4 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 26.0% |
| Taxes, remuneration and social security45 | €0.02m | €0.04m | €0.04m | €187 | €0.01m | ▲ 73× |
| Taxes450/3 | €0.02m | €0.04m | €0.04m | €187 | €0.01m | ▲ 73× |
| Other amounts payable47/48 | - | - | - | - | €0.4m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.3m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,562 | €93,282 | €23,006 | €45,236 | €79,088 | ▲ 74.8% |
| + Depreciation and write-downs630 | €12,762 | €44,276 | €83,800 | €92,612 | €95,017 | ▲ 2.6% |
| Operating cash flow (approximation) | €44,324 | €137,558 | €106,806 | €137,848 | €174,104 | ▲ 26.3% |
| Investment in fixed assets (approximation) | - | -€253,159 | -€60,536 | -€45,860 | -€427,638 | ▼ 832% |
| Change in cash | - | €92,745 | -€35,435 | €40,992 | €312,305 | ▲ 662% |
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, 2,684 companies had the same profile as WISE has now. Two years later, 97.3% were still going and 1.3% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WISE itself: 0.6% 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 2,684 companies, not a prediction for WISE. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-09-2026 | 2026-00533711 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00442187 | |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00148779 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00216413 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20323819 |
Board & ownership
Directors
Owners and capital
Shareholders
- Peter Segers
Mandate history
- Board
- Other function
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Peter Segers |
|
| Els Willem |
|
| Joseph-Michel BOES |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- ECBNFRsubsidiarySourceown accounts 2025100%
Companies at the same address
3 other companiesConnections & network
See the function holders in the KBO register.
Timeline
Deeds, filings and financial milestones
07-08
Gazette deed
Resignations: Els Willem (director) and Joseph-Michel Boes (provisional administrator)Peter Segers is a shareholder4 points ▸
- Director resignation, Els Willem
- Director in office, Peter Segers
- Director resignation, Joseph-Michel Boes (provisional administrator)
- Peter Segers is a shareholder
05-05
Gazette deed
Appointment: Joseph-Michel Boes (provisional administrator)2 points ▸
- Court decision, 25-03-2026
- Director appointment, Joseph-Michel Boes (provisional administrator)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33037D0179/00Y000 | Flanders | 2,997 m² | 1 · 169 m² | 2.7 m |
| 33304A0457/00P000 | Flanders | 2,554 m² | 1 · 335 m² | 10.0 m · 2 |