WMI
ActiveSummary
WMI has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239,532 and a net result of €59,077. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+10
Solvency99▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 3.94 against 3.81 in 2024; short-term debt: 24.4% and cash: 72.8% of total assets), and 26.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
73.7%
Return on assets
18.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 8 filingsDeviation from the deadline
2025
21 d late
2024
16 d early
2023
30 d late
2022
31 d late
2021
90 d early
2020
38 d early
2019
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€239,532▲ 32.7%
2024 · €180,455
Total assets
€325,108▲ 27.6%
2024 · €254,713
Net result
€59,077▲ 131%
2024 · €25,589
Working capital
€233,270▲ 48.1%
2024 · €157,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€35,405▲ 39.1%€84,000▲ 137%€45,219▼ 46.2%€39,367▼ 12.9%€86,608▲ 120%
Net result€25,431within the sector's middle half▲ 22.0%€65,119within the sector's middle half▲ 156%€29,962within the sector's middle half▼ 54.0%€25,589within the sector's middle half▼ 14.6%€59,077within the sector's middle half▲ 131%
Equity€71,785within the sector's middle half▲ 54.9%€124,905within the sector's middle half▲ 74.0%€154,867within the sector's middle half▲ 24.0%€180,455within the sector's middle half▲ 16.5%€239,532within the sector's middle half▲ 32.7%
Total assets€222,958within the sector's middle half▼ 10.4%€248,674below the sector's middle half▲ 11.5%€254,130below the sector's middle half▲ 2.2%€254,713below the sector's middle half▲ 0.2%€325,108below the sector's middle half▲ 27.6%
Debt€151,173▼ 25.4%€123,770▼ 18.1%€99,263▼ 19.8%€74,258▼ 25.2%€85,575▲ 15.2%
Working capital-€16,211▲ 53.7%€107,072€128,109▲ 19.6%€157,464▲ 22.9%€233,270▲ 48.1%
Solvency32.2%within the sector's middle half▲ 13.6pp50.2%within the sector's middle half▲ 18.0pp60.9%within the sector's middle half▲ 10.7pp70.8%above the sector's middle half▲ 9.9pp73.7%above the sector's middle half▲ 2.8pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 120% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325,108
Fixed assets
€12,428 ▼ 69.9%
Current assets
€312,679 ▲ 46.5%
Equity and liabilities €325,108
Equity
€239,532 ▲ 32.7%
Debt
€85,575 ▲ 15.2%
Debt's share of the balance-sheet total falls from 29.2% to 26.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90,617▲
2024 · €55,580
Cash flow
€63,087▲
2024 · €41,802
Current ratio
3.94▲
2024 · 3.81
Debt to equity
0.36▼
2024 · 0.41
ROE
24.7%▲
2024 · 14.2%
ROA
18.2%▲
2024 · 10.0%
Interest coverage
71.29▲
2024 · 52.51
Debt ≤ 1 year
€79,410▲
2024 · €55,941
Debt > 1 year
€6,166▼
2024 · €18,317
Income taxes
€26,524▲
2024 · €12,729
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | - | €74,495 | €0 | - | €8,486 | - |
| Remuneration, social security and pensions62 | €0 | €603 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,490 | €9,442 | €15,584 | €16,213 | €4,010 | ▼ 75.3% |
| Other operating charges640/8 | €1,090 | €1,821 | €1,106 | €777 | €1,732 | ▲ 123% |
| Gross operating margin9900 | €51,985 | €95,865 | €61,909 | €56,357 | €92,350 | ▲ 63.9% |
| Operating profit (loss)9901 | €35,405 | €84,000 | €45,219 | €39,367 | €86,608 | ▲ 120% |
| Financial income75/76B | €354 | €35 | €11 | €8 | €264 | ▲ 3,078% |
| Recurring financial income75 | €354 | €35 | €11 | €8 | €264 | ▲ 3,078% |
| Financial charges65/66B | €2,559 | €3,313 | €1,370 | €1,058 | €1,271 | ▲ 20.1% |
| Recurring financial charges65 | €2,559 | €3,313 | €1,370 | €1,058 | €1,271 | ▲ 20.1% |
| Profit (loss) for the period before taxes9903 | €33,200 | €80,722 | €43,861 | €38,317 | €85,601 | ▲ 123% |
| Income taxes67/77 | €7,769 | €15,602 | €13,899 | €12,729 | €26,524 | ▲ 108% |
| Profit (loss) for the period9904 | €25,431 | €65,119 | €29,962 | €25,589 | €59,077 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €25,431 | €65,119 | €29,962 | €25,589 | €59,077 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €222,958 | €248,674 | €254,130 | €254,713 | €325,108 | ▲ 27.6% |
| Fixed assets21/28 | €182,087 | €62,391 | €57,521 | €41,308 | €12,428 | ▼ 69.9% |
| Tangible fixed assets22/27 | €180,537 | €60,841 | €56,011 | €39,798 | €10,918 | ▼ 72.6% |
| Land and buildings22 | €172,539 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €2,270 | €1,814 | €8,786 | €7,320 | €5,866 | ▼ 19.9% |
| Furniture and vehicles24 | €5,728 | €59,026 | €47,226 | €32,478 | €5,053 | ▼ 84.4% |
| Financial fixed assets28 | €1,550 | €1,550 | €1,510 | €1,510 | €1,510 | = |
| Current assets29/58 | €40,871 | €186,283 | €196,609 | €213,405 | €312,679 | ▲ 46.5% |
| Amounts receivable within one year40/41 | €25,192 | €12,742 | €126,622 | €71,549 | €75,327 | ▲ 5.3% |
| Trade receivables40 | €24,944 | €7,169 | €56,081 | €0 | - | - |
| Other amounts receivable41 | €248 | €5,573 | €70,541 | €71,549 | €75,327 | ▲ 5.3% |
| Cash at bank and in hand54/58 | €13,890 | €172,850 | €69,278 | €138,818 | €236,588 | ▲ 70.4% |
| Deferred charges and accrued income490/1 | €1,789 | €691 | €709 | €3,038 | €764 | ▼ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €222,958 | €248,674 | €254,130 | €254,713 | €325,108 | ▲ 27.6% |
| Equity10/15 | €71,785 | €124,905 | €154,867 | €180,455 | €239,532 | ▲ 32.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €53,185 | €106,305 | €136,267 | €161,855 | €220,932 | ▲ 36.5% |
| Non-distributable reserves130/1 | €1,500 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,500 | €0 | - | - | - | - |
| Distributable reserves133 | €51,685 | €106,305 | €136,267 | €161,855 | €220,932 | ▲ 36.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €151,173 | €123,770 | €99,263 | €74,258 | €85,575 | ▲ 15.2% |
| Amounts payable after more than one year17 | €94,091 | €44,558 | €30,764 | €18,317 | €6,166 | ▼ 66.3% |
| Financial debts170/4 | €94,091 | €44,558 | €30,764 | €18,317 | €6,166 | ▼ 66.3% |
| Amounts payable within one year42/48 | €57,082 | €79,211 | €68,500 | €55,941 | €79,410 | ▲ 42.0% |
| Current portion of amounts payable after more than one year42 | €20,820 | €14,175 | €13,794 | €12,447 | €12,151 | ▼ 2.4% |
| Trade debts44 | €7,517 | €5,826 | €14,884 | €19,174 | €2,702 | ▼ 85.9% |
| Suppliers440/4 | €7,517 | €5,826 | €14,884 | €19,174 | €2,702 | ▼ 85.9% |
| Advances received on contracts in progress46 | - | €14,520 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €5,682 | €27,604 | €36,086 | €20,473 | €53,932 | ▲ 163% |
| Taxes450/3 | €5,682 | €20,804 | €33,586 | €17,973 | €48,932 | ▲ 172% |
| Remuneration and social security454/9 | - | €6,800 | €2,500 | €2,500 | €5,000 | ▲ 100% |
| Other amounts payable47/48 | €23,064 | €17,086 | €3,736 | €3,847 | €10,624 | ▲ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,431 | €65,119 | €29,962 | €25,589 | €59,077 | ▲ 131% |
| + Depreciation and write-downs630 | €15,490 | €9,442 | €15,584 | €16,213 | €4,010 | ▼ 75.3% |
| Operating cash flow (approximation) | €40,920 | €74,561 | €45,546 | €41,802 | €63,087 | ▲ 50.9% |
| Investment in fixed assets (approximation) | - | €110,255 | -€10,715 | €0 | €24,870 | - |
| Change in cash | - | €158,960 | -€103,572 | €69,539 | €97,771 | ▲ 40.6% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Equity above €200,000Eq €239,532 ▲32.7%
6 profitable years in a row build equity to €239,532.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €150,000Eq €154,867 ▲24%
4 profitable years in a row build equity to €154,867.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €65,119 ▲156%
Net result €65,119, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.35
Current ratio from 0.72 to 2.35.
31-12
Financial
Equity above €100,000Eq €124,905 ▲74%
3 profitable years in a row build equity to €124,905.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20,849
Net result €20,849 after one loss-making year.
Show earlier events
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
31-12
Financial
Weakest financial yearnet -€15,983
Net result drops to -€15,983, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Essen · 1 establishment unit since 2017
Ground area
852 m²
Building footprint
182 m²
Volume, LiDAR
721 m³
Parcel 11642D0111/03V005, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WMI
since 20172.270.960.733
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0111/03V005 | Flanders | 852 m² | 1 · 182 m² | 8.8 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of WMI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,266 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
Founded01-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
46130Agents in the wholesale of timber and building materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685546807
Also
9925:BE0685546807
Registered
08-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.