WMW

Active

Private limited companyfounded 20196 yrs activeOostendelaan 183, 8430 Middelkerke, BelgiumKBO/BCE: BE 0740.474.739

The computed 12-month bankruptcy probability of WMW is 8.2% (elevated). The 2025 annual accounts show negative equity (€-71k) and a net result of €111k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 13044 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

16 / 100

Critical▼ -17 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency33=

Growth58▲+26

Stability100

Bankruptcy probability, 12 months

8.2% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.22 against 0.09 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

-21.7%

Return on assets

33.5%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 13044 sector peers (2025).

NBB · sector comparison

Position among 13044 sector peers

Solvency

better than 19%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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 · 6 filings

Deviation from the deadline

2025

38 d late

2024

62 d late

2023

58 d late

2022

32 d late

2021

23 d late

2020

8 d early

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-71k▲ 60.8%

2024 · €-182k

2020: €90k 2021: €143k 2022: €27k 2023: €-92k 2024: €-182k

2020 → 2025

Total assets

€329k▼ 13.9%

2024 · €383k

2020: €414k 2021: €552k 2022: €629k 2023: €502k 2024: €383k

2020 → 2025

Net result

€111k

2024 · €-90k

2020: €70k 2021: €53k 2022: €-116k 2023: €-118k 2024: €-90k

2020 → 2025

Working capital

€-310k▲ 36.3%

2024 · €-487k

2020: €-260k 2021: €-167k 2022: €-287k 2023: €-443k 2024: €-487k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€143k-€27k▼ 81.4%€-92k€-182k▼ 98.0%€-71k▲ 60.8%

Operating result€60k-€-108k€-87k▲ 19.5%€-68k▲ 22.2%€122k

Net result€53k-€-116k€-118k▼ 1.9%€-90k▲ 24.0%€111k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €122k after a loss of €68k in 2024, the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €329k

73.1%

26.9%

Fixed assets €241k▼ 27.6%

Current assets €89k▲ 77.0%

Key figures and ratios

2025 value · change against 2024

EBITDA

€215k▲

2024 · €93k

Cash flow

€203k▲

2024 · €71k

Solvency

-21.7%▲

2024 · -47.5%

Current ratio

0.22▲

2024 · 0.09

Quick ratio

0.20▲

2024 · 0.03

Debt / equity

-5.62▼

2024 · -3.10

ROE

-154.9%▼

2024 · 49.5%

ROA

33.5%▲

2024 · -23.5%

Interest coverage

64.38▲

2024 · 15.90

Debt

€401k▼

2024 · €565k

Debt ≤ 1 year

€399k▼

2024 · €537k

Staff costs

€774▼

2024 · €21k

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€383k€329k▼

Fixed assets21/28€333k€241k▼

Intangible fixed assets21€939€339▼

Tangible fixed assets22/27€332k€240k▼

Plant, machinery and equipment23€325k€238k▼

Furniture and vehicles24€7k€2k▼

Current assets29/58€50k€89k▲

Stocks and contracts in progress3€32k€10k▼

Stocks30/36€32k€10k▼

Amounts receivable within one year40/41€16k€75k▲

Trade receivables40€2k€60k▲

Other amounts receivable41€14k€15k▲

Cash at bank and in hand54/58€2k€4k▲

Equity and liabilities

Total equity and liabilities10/49€383k€329k▼

Equity10/15€-182k€-71k▲

Contributions10/11€20k€20k=

Profit (loss) carried forward14€-202k€-91k▲

Amounts payable17/49€565k€401k▼

Amounts payable after more than one year17€27k-

Financial debts170/4€27k-

Amounts payable within one year42/48€537k€399k▼

Current portion of amounts payable after more than one year42€75k€57k▼

Financial debts43€320-

Credit institutions430/8€320-

Trade debts44€226k€141k▼

Suppliers440/4€226k€141k▼

Taxes, remuneration and social security45€162k€189k▲

Taxes450/3€129k€189k▲

Remuneration and social security454/9€32k-

Other amounts payable47/48€73k€12k▼

Accrued charges and deferred income492/3-€2k

Income statement Code20242025

Non-recurring operating income76A-€48k

Remuneration, social security and pensions62€21k€774▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€161k€92k▼

Other operating charges640/8€86k€125k▲

Non-recurring operating charges66A€2k€22k▲

Gross operating margin9900€203k€362k▲

Operating profit (loss)9901€-68k€122k▲

Financial income75/76B€2€0▼

Recurring financial income75€2€0▼

Financial charges65/66B€22k€12k▼

Recurring financial charges65€6k€3k▼

Non-recurring financial charges66B€16k€9k▼

Profit (loss) for the period before taxes9903€-90k€111k▲

Income taxes67/77€158-

Profit (loss) for the period9904€-90k€111k▲

Profit (loss) for the period to be appropriated9905€-90k€111k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-202k€-91k▲

Profit (loss) brought forward from the previous period14P€-112k€-202k▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

07-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 38 days late

2025

31-12

Financial Back to profitnet €111k

Net result €111k after 3 loss-making years.

01-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 62 days late

2024

27-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 58 days late

2023

31-12

Financial Weakest financial yearnet €-118k

Net result drops to €-118k, the lowest in the series; recovery starts the following year.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

2022

23-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 23 days late

2021

31-12

Financial Equity above €100kEq €143k ▲58.6%

2 profitable years in a row build equity to €143k.

23-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Middelkerke · 5 establishment units since 2020

establishment approximate 4 of 5 establishment units on the map

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.

Oostendelaan 1838430 Middelkerke

Ground area

920 m²

Building footprint

785 m²

Volume, LiDAR

16,514 m³

4 parcels, Flanders · tallest building 29.4 m, ±9 floors. Linked by address, not a title deed.

5 establishment units

Wenduna

Van Gansberghehelling /, 8420 De HaanCafés and bars

since 20202.305.375.937

Westend Beach

Westenlaan /, 8434 MiddelkerkeCafés and bars

since 20202.305.376.036

Petite Plage

Zeeheldenplein ., 8400 OostendeCafés and bars

since 20202.305.376.135

Maria K Beach

Diksmuidestraat /, 8400 OostendeCafés and bars

since 20202.305.376.234

WMW

Oostendelaan 183, 8430 MiddelkerkeCafés and bars

since 20202.297.236.548

4 parcels

Flanders 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31038A0335/00A015	Flanders	431 m²	1 · 363 m²	29.4 m · 9 fl.
35385B0072/00G005	Flanders	185 m²	1 · 166 m²	28.2 m · 9 fl.
35022A0001/00Z068	Flanders	163 m²	1 · 162 m²	17.9 m · 5 fl.
35011B0015/00A002	Flanders	141 m²	1 · 94 m²	6.5 m · 2 fl.