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Public limited companyfounded 2005active for 20 yearsSpoorweglaan(MEL) 9, 9120 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0876.842.287
Summary

WIZCO 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 €15.4m and a net result of €484,724. Equity is growing by about 3.7% per year across the filed financial years. Its solvency ranks better than 95% of 3,821 sector peers (NACE 70, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, full format

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€484,724▲ 299%
2024 · €121,484
Working capital
€2.9m▲ 51.8%
2024 · €1.9m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 50% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.2m 2025 Net result€0.5m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▼ 24.0%€0.2m▲ 7.0%€2.1m▲ 1,151%€0.02m▼ 98.9%€0.2m▲ 813%€0.1m▼ 32.8%€0.2m▲ 50.4%
Net result€3.1m-€0.05m▼ 98.4%€1.8mabove the sector's middle half▲ 3,498%€1.8mabove the sector's middle half▼ 3.4%-€0.07mbelow the sector's middle half€0.2mabove the sector's middle half€0.1mwithin the sector's middle half▼ 50.3%€0.5mabove the sector's middle half▲ 299%
Equity€11.5m-€11.5m▲ 0.4%€13.3mabove the sector's middle half▲ 15.8%€15.1mabove the sector's middle half▲ 13.2%€14.9mabove the sector's middle half▼ 1.4%€15.0mabove the sector's middle half▲ 0.6%€14.9mabove the sector's middle half▼ 0.2%€15.4mabove the sector's middle half▲ 3.2%
Total assets€13.6m-€13.6m▲ 0.1%€15.4mabove the sector's middle half▲ 13.2%€16.0mabove the sector's middle half▲ 3.6%€16.0mabove the sector's middle half▲ 0.2%€16.2mabove the sector's middle half▲ 0.8%€16.1mabove the sector's middle half▼ 0.2%€15.6mabove the sector's middle half▼ 3.1%
Debt€2.2m-€2.1m▼ 1.9%€2.1m▼ 1.3%€0.9m▼ 57.5%€1.1m▲ 28.7%€1.2m▲ 3.5%€1.2m▼ 0.7%€0.2m▼ 83.6%
Working capital-€0.9m--€1.2m▼ 41.9%€0.3mabove the sector's middle half€2.6mabove the sector's middle half▲ 714%€0.9mabove the sector's middle half▼ 66.1%€0.9mabove the sector's middle half▲ 1.7%€1.9mabove the sector's middle half▲ 112%€2.9mabove the sector's middle half▲ 51.8%
Solvency84.2%-84.5%▲ 0.3pp86.5%above the sector's middle half▲ 2.0pp94.5%above the sector's middle half▲ 8.0pp92.9%above the sector's middle half▼ 1.6pp92.7%above the sector's middle half▼ 0.2pp92.7%above the sector's middle half=98.8%above the sector's middle half▲ 6.0pp
Current ratio0.58-0.39▼ 0.191.16within the sector's middle half▲ 0.774.08above the sector's middle half▲ 2.932.08within the sector's middle half▼ 2.002.06within the sector's middle half▼ 0.033.30within the sector's middle half▲ 1.2416.06above the sector's middle half▲ 12.76
Return on assets (ROA)22.8%-0.4%▼ 22.4pp11.8%above the sector's middle half▲ 11.4pp11.0%within the sector's middle half▼ 0.8pp-0.4%below the sector's middle half▼ 11.4pp1.5%within the sector's middle half▲ 1.9pp0.8%within the sector's middle half▼ 0.8pp3.1%within the sector's middle half▲ 2.3pp
Staff (FTE)5.5-5.6▲ 1.8%4.9within the sector's middle half▼ 12.5%5.7within the sector's middle half▲ 16.3%3.9within the sector's middle half▼ 31.6%3above the sector's middle half▼ 23.1%3above the sector's middle half=2.9within the sector's middle half▼ 3.3%
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2025 Net result +299% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.6m
Fixed assets €12.5m ▼ 6.3%
Current assets €3.1m ▲ 12.8%
Equity and liabilities €15.6m
Equity €15.4m ▲ 3.2%
Debt €191,904 ▼ 83.6%
Debt's share of the balance-sheet total falls from 7.3% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
3.1%▲
2024 · 0.8%
Debt ≤ 1 year
€191,904▼
2024 · €828,050
Debt > 1 year
€0▼
2024 · €300,000
Income taxes
€61,291▲
2024 · €29,137
Staff costs
€243,525▲
2024 · €209,906
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet Code20242025
Assets
Total assets20/58€16.1m€15.6m▼
Fixed assets21/28€13.4m€12.5m▼
Tangible fixed assets22/27€0.07m€0.04m▼
Furniture and vehicles24€0.06m€0.04m▼
Other tangible fixed assets26€0.003m€0.002m▼
Financial fixed assets28€13.3m€12.5m▼
Current assets29/58€2.7m€3.1m▲
Amounts receivable after more than one year29€0.8m€2.5m▲
Other amounts receivable291€0.8m€2.5m▲
Amounts receivable within one year40/41€0.4m€0.4m▲
Trade receivables40€0.4m€0.4m▲
Other amounts receivable41€0.06m€0.05m▼
Current investments50/53€0.5m€0.001m▼
Cash at bank and in hand54/58€1.0m€0.1m▼
Deferred charges and accrued income490/1€0.002m€0▼
Equity and liabilities
Total equity and liabilities10/49€16.1m€15.6m▼
Equity10/15€14.9m€15.4m▲
Contributions10/11€3.2m€3.2m=
Capital10€3.2m€3.2m=
Issued capital100€3.2m€3.2m=
Reserves13€11.8m€12.3m▲
Non-distributable reserves130/1€0.5m€0.5m=
Legal reserve130€0.5m€0.5m=
Tax-exempt reserves132€25€25=
Distributable reserves133€11.3m€11.7m▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.2m€0.2m▼
Amounts payable after more than one year17€0.3m€0▼
Other amounts payable178/9€0.3m€0▼
Amounts payable within one year42/48€0.8m€0.2m▼
Trade debts44€0.01m€0.1m▲
Suppliers440/4€0.01m€0.1m▲
Taxes, remuneration and social security45€0.1m€0.09m▼
Taxes450/3€0.1m€0.06m▼
Remuneration and social security454/9€0.04m€0.02m▼
Other amounts payable47/48€0.7m€0.001m▼
Accrued charges and deferred income492/3€0.05m€0▼
Income statement Code20242025
Non-recurring operating income76A€0.01m€0▼
Remuneration, social security and pensions62€0.2m€0.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.01m▼
Other operating charges640/8€0.003m€0.002m▼
Non-recurring operating charges66A-€391
Gross operating margin9900€0.4m€0.5m▲
Operating profit (loss)9901€0.1m€0.2m▲
Financial income75/76B€1.0m€0.3m▼
Recurring financial income75€1.0m€0.3m▼
Non-recurring financial income76B-€0.008m
Financial charges65/66B€1.0m€0.003m▼
Recurring financial charges65€0.02m€0.003m▼
Non-recurring financial charges66B€1.0m€0▼
Profit (loss) for the period before taxes9903€0.2m€0.5m▲
Income taxes67/77€0.03m€0.06m▲
Profit (loss) for the period9904€0.1m€0.5m▲
Profit (loss) for the period to be appropriated9905€0.1m€0.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.5m▲
Transfer from equity791/2€0.2m€0▼
Transfer to equity691/2€0.1m€0.5m▲
To other reserves6921€0.1m€0.5m▲
Profit to be distributed694/7€0.2m€0▼
Return on contributions (dividend)694€0.2m€0▼
Social balance sheet
Average headcount (FTE)90873.02.9▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€2.2m€0-€0.01m€0▼ 100%
Remuneration, social security and pensions62---€0.3m€0.2m€0.2m€0.2m€0.2m▲ 16.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.02m€0.02m€0.02m€0.03m€0.03m€0.02m€0.01m▼ 49.5%
Other operating charges640/8---€0.003m€0.003m€0.004m€0.003m€0.002m▼ 24.2%
Non-recurring operating charges66A-------€391-
Gross operating margin9900€0.6m€0.6m€0.5m€2.5m€0.3m€0.5m€0.4m€0.5m▲ 24.8%
Operating profit (loss)9901€0.2m€0.2m€0.2m€2.1m€0.02m€0.2m€0.1m€0.2m▲ 50.4%
Financial income75/76B---€0.2m€0.1m€0.03m€1.0m€0.3m▼ 67.7%
Recurring financial income75€3.1m€0.006m€1.8m€0.2m€0.1m€0.03m€1.0m€0.3m▼ 68.5%
Non-recurring financial income76B-------€0.008m-
Financial charges65/66B---€0.05m€0.2m-€0.06m€1.0m€0.003m▼ 99.7%
Recurring financial charges65€0.2m€0.09m€0.08m€0.05m€0.2m-€0.06m€0.02m€0.003m▼ 87.4%
Non-recurring financial charges66B------€1.0m€0▼ 100%
Profit (loss) for the period before taxes9903€3.1m€0.08m€1.9m€2.3m-€0.06m€0.3m€0.2m€0.5m▲ 263%
Income taxes67/77€0.02m€0.03m€0.05m€0.6m€0.01m€0.06m€0.03m€0.06m▲ 110%
Profit (loss) for the period9904€3.1m€0.05m€1.8m€1.8m-€0.07m€0.2m€0.1m€0.5m▲ 299%
Profit (loss) for the period to be appropriated9905€3.1m€0.05m€1.8m€1.8m-€0.07m€0.2m€0.1m€0.5m▲ 299%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€13.6m€13.6m€15.4m€16.0m€16.0m€16.2m€16.1m€15.6m▼ 3.1%
Fixed assets21/28€12.4m€12.8m€13.1m€12.5m€14.3m€14.4m€13.4m€12.5m▼ 6.3%
Tangible fixed assets22/27€0.2m€0.7m€1.0m€0.08m€0.07m€0.09m€0.07m€0.04m▼ 43.5%
Land and buildings22---€0-----
Furniture and vehicles24---€0.08m€0.07m€0.09m€0.06m€0.04m▼ 44.4%
Other tangible fixed assets26---€0-€0.004m€0.003m€0.002m▼ 25.5%
Financial fixed assets28€12.2m€12.1m€12.1m€12.5m€14.3m€14.3m€13.3m€12.5m▼ 6.1%
Current assets29/58€1.2m€0.8m€2.3m€3.4m€1.7m€1.7m€2.7m€3.1m▲ 12.8%
Amounts receivable after more than one year29---€1.9m€0.7m€0.7m€0.8m€2.5m▲ 216%
Other amounts receivable291---€1.9m€0.7m€0.7m€0.8m€2.5m▲ 216%
Amounts receivable within one year40/41€0.05m€0.1m€0€0.08m€0.1m€0.4m€0.4m€0.4m▲ 4.6%
Trade receivables40---€0.07m€0.06m€0.3m€0.4m€0.4m▲ 8.0%
Other amounts receivable41---€0.01m€0.06m€0.01m€0.06m€0.05m▼ 15.5%
Current investments50/53€0.6m€0.6m€0.4m€1.0m€0.6m€0.7m€0.5m€0.001m▼ 99.8%
Cash at bank and in hand54/58€0.6m€0.09m€0.1m€0.5m€0.2m€0.03m€1.0m€0.1m▼ 86.5%
Deferred charges and accrued income490/1---€0.002m€0.001m€0.001m€0.002m€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€13.6m€13.6m€15.4m€16.0m€16.0m€16.2m€16.1m€15.6m▼ 3.1%
Equity10/15€11.5m€11.5m€13.3m€15.1m€14.9m€15.0m€14.9m€15.4m▲ 3.2%
Contributions10/11€3.2m€3.2m€3.2m€3.2m€3.2m€3.2m€3.2m€3.2m=
Capital10---€3.2m€3.2m€3.2m€3.2m€3.2m=
Issued capital100---€3.2m€3.2m€3.2m€3.2m€3.2m=
Reserves13€8.3m€8.3m€10.2m€11.9m€11.7m€11.8m€11.8m€12.3m▲ 4.1%
Non-distributable reserves130/1---€0.5m€0.5m€0.5m€0.5m€0.5m=
Legal reserve130---€0.5m€0.5m€0.5m€0.5m€0.5m=
Tax-exempt reserves132---€25€25€25€25€25=
Distributable reserves133---€11.4m€11.2m€11.3m€11.3m€11.7m▲ 4.3%
Profit (loss) carried forward14----€0€0€0€0-
Amounts payable17/49€2.2m€2.1m€2.1m€0.9m€1.1m€1.2m€1.2m€0.2m▼ 83.6%
Amounts payable after more than one year17----€0.3m€0.3m€0.3m€0▼ 100%
Other amounts payable178/9----€0.3m€0.3m€0.3m€0▼ 100%
Amounts payable within one year42/48€2.1m€2.0m€2.0m€0.8m€0.8m€0.8m€0.8m€0.2m▼ 76.8%
Trade debts44€0.01m€0.01m€0.009m€0.01m€0.02m€0.01m€0.01m€0.1m▲ 692%
Suppliers440/4---€0.01m€0.02m€0.01m€0.01m€0.1m▲ 692%
Taxes, remuneration and social security45---€0.08m€0.06m€0.1m€0.1m€0.09m▼ 35.6%
Taxes450/3---€0.03m€0.03m€0.1m€0.1m€0.06m▼ 31.9%
Remuneration and social security454/9---€0.05m€0.02m€0.03m€0.04m€0.02m▼ 44.1%
Other amounts payable47/48---€0.8m€0.7m€0.7m€0.7m€0.001m▼ 99.9%
Accrued charges and deferred income492/3---€0.04m€0.03m€0.03m€0.05m€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€3.1m€0.05m€1.8m€1.8m-€0.07m€0.2m€0.1m€0.5m▲ 299%
+ Depreciation and write-downs630€0.01m€0.02m€0.02m€0.02m€0.03m€0.03m€0.02m€0.01m▼ 49.5%
Operating cash flow (approximation)€3.1m€0.07m€1.8m€1.8m-€0.04m€0.3m€0.1m€0.5m▲ 242%
Investment in fixed assets (approximation)--€0.4m-€0.3m€0.5m-€1.8m-€0.1m€1.0m€0.8m▼ 16.6%
Change in cash--€0.5m€0.04m€0.4m-€0.3m-€0.2m€1.0m-€0.9m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 09-07-2026 2026-00281023
31-12-2024 abbreviated format 11-07-2025 2025-00267863
31-12-2023 abbreviated format 11-07-2024 2024-00240214
31-12-2022 abbreviated format 30-05-2023 2023-00098227
31-12-2021 abbreviated format 23-06-2022 2022-20102710
31-12-2020 abbreviated format 29-06-2021 2021-27300458
31-12-2019 abbreviated format 13-07-2020 2020-30300563
31-12-2018 abbreviated format 22-05-2019 2019-14100477
31-12-2017 abbreviated format 11-06-2018 2018-18100247
31-12-2016 abbreviated format 26-06-2017 2017-23000128

Show all 20 filings

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