WM SERVICES
ActiveThe computed 12-month bankruptcy probability of WM SERVICES is 2.4% (moderate). The 2025 annual accounts show equity of €238k and a net result of €86k. Equity is growing by ~102.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 4488 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-40
Solvency38▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity short (current ratio 0.07 against 0.03 in 2024; short-term debt: 69.9% and cash: 4.2% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.9%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 4488 sector peers (2025).
NBB · sector comparisonPosition among 4488 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
30 d late
2022
60 d late
2021
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€238k▲ 56.4%
2024 · €152k
2021: €-10k
2022: €12k
2023: €65k
2024: €152k
2021 → 2025
Total assets
€1.85M▲ 2.5%
2024 · €1.80M
2021: €358k
2022: €651k
2023: €1.95M
2024: €1.80M
2021 → 2025
Net result
€86k▼ 37.9%
2024 · €138k
2021: €-13k
2022: €22k
2023: €104k
2024: €138k
2021 → 2025
Working capital
€-1.20M▲ 4.1%
2024 · €-1.25M
2021: €-78k
2022: €-422k
2023: €-1.61M
2024: €-1.25M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-10k-€12k€65k▲ 457%€152k▲ 135%€238k▲ 56.4%
Operating result€-13k-€30k€153k▲ 413%€135k▼ 12.2%€161k▲ 19.8%
Net result€-13k-€22k€104k▲ 371%€138k▲ 33.2%€86k▼ 37.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.85M
Fixed assets
€1.76M▼ 0.4%
Current assets
€87k▲ 141%
Equity and liabilities €1.85M
Equity
€238k▲ 56.4%
Debt
€1.61M▼ 2.5%
The debt ratio falls from 91.5% to 87.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€174k▲
2024 · €149k
Cash flow
€99k▼
2024 · €152k
Solvency
12.9%▲
2024 · 8.5%
Current ratio
0.07▲
2024 · 0.03
Quick ratio
0.07▲
2024 · 0.03
Debt / equity
6.74▼
2024 · 10.82
ROE
36.0%▼
2024 · 90.7%
ROA
4.7%▼
2024 · 7.7%
Interest coverage
1.57▼
2024 · 9.57
Debt
€1.61M▼
2024 · €1.65M
Debt ≤ 1 year
€1.29M▼
2024 · €1.29M
Debt > 1 year
€318k▼
2024 · €359k
Income taxes
€14k▼
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.80M€1.85M▲
Fixed assets21/28€1.77M€1.76M▼
Tangible fixed assets22/27€370k€364k▼
Land and buildings22€292k€347k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€11k-
Assets under construction and advance payments27€68k€17k▼
Financial fixed assets28€1.40M€1.40M=
Current assets29/58€36k€87k▲
Amounts receivable within one year40/41€6k€10k▲
Trade receivables40€6k€2k▼
Other amounts receivable41€529€8k▲
Cash at bank and in hand54/58€29k€77k▲
Deferred charges and accrued income490/1€775€323▼
Equity and liabilities
Total equity and liabilities10/49€1.80M€1.85M▲
Equity10/15€152k€238k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€149k€235k▲
Amounts payable17/49€1.65M€1.61M▼
Amounts payable after more than one year17€359k€318k▼
Financial debts170/4€359k€318k▼
Amounts payable within one year42/48€1.29M€1.29M▼
Current portion of amounts payable after more than one year42€18k€23k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€32k€20k▼
Taxes450/3€28k€17k▼
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€1.24M€1.24M▲
Income statement
Code20242025
Non-recurring operating income76A-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€151k€177k▲
Operating profit (loss)9901€135k€161k▲
Financial income75/76B€51k€50k▼
Recurring financial income75€51k€50k▼
Financial charges65/66B€16k€111k▲
Recurring financial charges65€16k€111k▲
Profit (loss) for the period before taxes9903€170k€100k▼
Income taxes67/77€32k€14k▼
Profit (loss) for the period9904€138k€86k▼
Profit (loss) for the period to be appropriated9905€138k€86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€200k€235k▲
Profit (loss) brought forward from the previous period14P€62k€149k▲
Profit to be distributed694/7€51k-
Return on contributions (dividend)694€51k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €200kEq €238k ▲56.4%
4 profitable years in a row build equity to €238k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2021net €138k ▲33.2%
Net result €138k, the highest in the series.
31-12
Financial
Equity above €150kEq €152k ▲135%
3 profitable years in a row build equity to €152k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Tienen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Jorisplein 273300 TienenGround area
905 m²
Building footprint
623 m²
Volume, LiDAR
281 m³
Parcel 24593G0423/00S003, Flanders · tallest building 9.0 m. Linked by address, not a title deed.
1 establishment unit
WM SERVICES
since 20202.308.597.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0423/00S003 | Flanders | 905 m² | 1 · 623 m² | 9.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Lheureux Services
BE 0420.999.004
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ARDEN PROJECTS
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 6,072 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2020
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.