WM
ActiveSummary
The annual accounts of WM for fiscal year 2025 show a net loss of 66% of total assets. The 2025 annual accounts show equity of €80,352 and a net result of -€53,692. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 31942 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-82
Solvency100▲+19
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 51.15 against 1.74 in 2024; short-term debt: 1.1% and cash: 41.7% of total assets), and 1.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.9%
Return on assets
-66.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
50 d early
2024
70 d early
2023
65 d early
2022
60 d early
2021
62 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€80,352▼ 40.1%
2024 · €134,044
Total assets
€81,258▼ 66.0%
2024 · €239,016
Net result
-€53,692
2024 · €25,717
Working capital
€45,446▼ 41.7%
2024 · €77,893
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€125,815-€65,911▼ 47.6%€72,344▲ 9.8%€37,224▼ 48.5%-€62,352
Net result€97,327above the sector's middle half-€51,892within the sector's middle half▼ 46.7%€56,608within the sector's middle half▲ 9.1%€25,717within the sector's middle half▼ 54.6%-€53,692below the sector's middle half
Equity€99,827within the sector's middle half-€151,719within the sector's middle half▲ 52.0%€208,327within the sector's middle half▲ 37.3%€134,044within the sector's middle half▼ 35.7%€80,352within the sector's middle half▼ 40.1%
Total assets€129,650within the sector's middle half-€228,719within the sector's middle half▲ 76.4%€258,617within the sector's middle half▲ 13.1%€239,016within the sector's middle half▼ 7.6%€81,258within the sector's middle half▼ 66.0%
Debt€29,822-€77,000▲ 158%€50,290▼ 34.7%€104,972▲ 109%€906▼ 99.1%
Working capital€86,553within the sector's middle half-€93,213within the sector's middle half▲ 7.7%€161,364above the sector's middle half▲ 73.1%€77,893within the sector's middle half▼ 51.7%€45,446within the sector's middle half▼ 41.7%
Solvency77.0%within the sector's middle half-66.3%within the sector's middle half▼ 10.7pp80.6%above the sector's middle half▲ 14.2pp56.1%within the sector's middle half▼ 24.5pp98.9%above the sector's middle half▲ 42.8pp
Current ratio3.90within the sector's middle half-3.58within the sector's middle half▼ 0.329.21above the sector's middle half▲ 5.641.74within the sector's middle half▼ 7.4751.15above the sector's middle half▲ 49.41
Return on assets (ROA)75.1%above the sector's middle half-22.7%within the sector's middle half▼ 52.4pp21.9%within the sector's middle half▼ 0.8pp10.8%within the sector's middle half▼ 11.1pp-66.1%below the sector's middle half▼ 76.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €62,352 after €37,224 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,258
Fixed assets
€34,906 ▼ 37.8%
Current assets
€46,352 ▼ 74.7%
Equity and liabilities €81,258
Equity
€80,352 ▼ 40.1%
Debt
€906 ▼ 99.1%
Debt's share of the balance-sheet total falls from 43.9% to 1.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€41,107▼
2024 · €58,683
Cash flow
-€32,447▼
2024 · €47,176
Debt to equity
0.01▼
2024 · 0.78
ROE
-66.8%▼
2024 · 19.2%
Interest coverage
-22.61▼
2024 · 30.12
Debt ≤ 1 year
€906▼
2024 · €104,972
Income taxes
€300▼
2024 · €10,178
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,018 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,378 | €5,060 | €21,740 | €21,459 | €21,245 | ▼ 1.0% |
| Other operating charges640/8 | €1,198 | €659 | €649 | €664 | €687 | ▲ 3.4% |
| Gross operating margin9900 | €130,391 | €71,630 | €94,732 | €59,347 | -€40,420 | ▼ 168% |
| Operating profit (loss)9901 | €125,815 | €65,911 | €72,344 | €37,224 | -€62,352 | ▼ 268% |
| Financial income75/76B | €0 | €368 | €1,162 | €619 | €10,778 | ▲ 1,640% |
| Recurring financial income75 | €0 | €110 | €1,162 | €619 | €10,778 | ▲ 1,640% |
| Non-recurring financial income76B | - | €259 | - | - | - | - |
| Financial charges65/66B | €333 | €573 | €2,206 | €1,948 | €1,818 | ▼ 6.7% |
| Recurring financial charges65 | €333 | €500 | €2,206 | €1,948 | €1,818 | ▼ 6.7% |
| Non-recurring financial charges66B | - | €73 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €125,482 | €65,706 | €71,300 | €35,895 | -€53,392 | ▼ 249% |
| Income taxes67/77 | €28,155 | €13,814 | €14,692 | €10,178 | €300 | ▼ 97.1% |
| Profit (loss) for the period9904 | €97,327 | €51,892 | €56,608 | €25,717 | -€53,692 | ▼ 309% |
| Profit (loss) for the period to be appropriated9905 | €97,327 | €51,892 | €56,608 | €25,717 | -€53,692 | ▼ 309% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,650 | €228,719 | €258,617 | €239,016 | €81,258 | ▼ 66.0% |
| Fixed assets21/28 | €13,274 | €99,350 | €77,610 | €56,151 | €34,906 | ▼ 37.8% |
| Tangible fixed assets22/27 | €13,274 | €99,350 | €77,610 | €56,151 | €34,906 | ▼ 37.8% |
| Furniture and vehicles24 | €13,274 | €99,350 | €77,610 | €56,151 | €34,906 | ▼ 37.8% |
| Current assets29/58 | €116,375 | €129,369 | €181,007 | €182,865 | €46,352 | ▼ 74.7% |
| Amounts receivable within one year40/41 | €15,670 | €12,917 | €31,808 | €6,165 | €9,346 | ▲ 51.6% |
| Trade receivables40 | €15,670 | €12,917 | €30,401 | €0 | €404 | - |
| Other amounts receivable41 | - | - | €1,407 | €6,165 | €8,942 | ▲ 45.1% |
| Current investments50/53 | - | €47,826 | €60,686 | €59,049 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €98,759 | €65,883 | €86,295 | €115,218 | €33,877 | ▼ 70.6% |
| Deferred charges and accrued income490/1 | €1,947 | €2,743 | €2,218 | €2,433 | €3,129 | ▲ 28.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,650 | €228,719 | €258,617 | €239,016 | €81,258 | ▼ 66.0% |
| Equity10/15 | €99,827 | €151,719 | €208,327 | €134,044 | €80,352 | ▼ 40.1% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €97,327 | €149,219 | €205,827 | €131,544 | €77,852 | ▼ 40.8% |
| Distributable reserves133 | €97,327 | €149,219 | €205,827 | €131,544 | €77,852 | ▼ 40.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €29,822 | €77,000 | €50,290 | €104,972 | €906 | ▼ 99.1% |
| Amounts payable after more than one year17 | - | €40,843 | €30,647 | €0 | - | - |
| Financial debts170/4 | - | €40,843 | €30,647 | €0 | - | - |
| Amounts payable within one year42/48 | €29,822 | €36,156 | €19,643 | €104,972 | €906 | ▼ 99.1% |
| Current portion of amounts payable after more than one year42 | - | €9,157 | €9,433 | €0 | - | - |
| Trade debts44 | €1,023 | €330 | €285 | €3,425 | €798 | ▼ 76.7% |
| Suppliers440/4 | €1,023 | €330 | €285 | €3,425 | €798 | ▼ 76.7% |
| Taxes, remuneration and social security45 | €28,800 | €26,660 | €9,718 | €16,471 | €0 | ▼ 100% |
| Taxes450/3 | €28,800 | €26,660 | €9,718 | €16,471 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €10 | €207 | €85,076 | €108 | ▼ 99.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,327 | €51,892 | €56,608 | €25,717 | -€53,692 | ▼ 309% |
| + Depreciation and write-downs630 | €3,378 | €5,060 | €21,740 | €21,459 | €21,245 | ▼ 1.0% |
| Operating cash flow (approximation) | €100,705 | €56,952 | €78,347 | €47,176 | -€32,447 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€91,136 | €0 | €0 | €0 | - |
| Change in cash | - | -€32,876 | €20,412 | €28,923 | -€81,341 | ▼ 381% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€53,692
Net result drops to -€53,692, the lowest in the series.
31-12
Financial
Liquidity times 29current ratio 51.15
Current ratio from 1.74 to 51.15; short-term debt falls from €104,972 to €906.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 9.21
Current ratio from 3.58 to 9.21; short-term debt falls from €36,156 to €19,643.
31-12
Financial
Equity above €200,000Eq €208,327 ▲37.3%
3 profitable years in a row build equity to €208,327.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €151,719 ▲52%
2 profitable years in a row build equity to €151,719.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 2020
Ground area
317 m²
Building footprint
148 m²
Volume, LiDAR
1,022 m³
Parcel 13452N0214/00R000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WM
since 20202.309.329.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452N0214/00R000 | Flanders | 317 m² | 1 · 148 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450010B9F5079DE146
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 2,234 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757877034
Also
9925:BE0757877034
Registered
23-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.