WN MANAGEMENT
ActiveWN MANAGEMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €72k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 1260 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-1
Solvency100=
Growth52▼-5
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 3.72 against 3.13 in 2024; short-term debt: 11.4% and cash: 35.2% of total assets), and 11.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Sector 75
lower
← 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
88.6%
Return on assets
17.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
23 d early
2023
26 d early
2022
39 d early
2021
40 d early
2020
33 d early
2019
21 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€10k▼ 81.4%
2024 · €56k
2018: €75k
2019: €63k
2020: €71k
2021: €58k
2022: €59k
2023: €54k
2024: €56k
2018 → 2025
EBIT margin
659.4%▲ 536.3pp
2024 · 123.1%
2018: 22.6%
2019: 37.1%
2020: 469.3%
2021: -38.7%
2022: -15.1%
2023: 131.5%
2024: 123.1%
2018 → 2025
Net result
€72k▼ 9.5%
2024 · €80k
2018: €14k
2019: €13k
2020: €329k
2021: €-22k
2022: €-3k
2023: €77k
2024: €80k
2018 → 2025
Working capital
€128k▼ 30.5%
2024 · €184k
2018: €-26k
2019: €-25k
2020: €383k
2021: €221k
2022: €164k
2023: €164k
2024: €184k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€58k-€59k▲ 1.8%€54k▼ 9.4%€56k▲ 3.7%€10k▼ 81.4%
Equity€336k-€304k▼ 9.5%€346k▲ 13.6%€342k▼ 1.0%€367k▲ 7.3%
Operating result€-23k-€-9k▲ 60.2%€71k€69k▼ 3.0%€68k▼ 0.6%
Net result€-22k-€-3k▲ 83.8%€77k€80k▲ 3.4%€72k▼ 9.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414k
Fixed assets
€239k▲ 51.5%
Current assets
€175k▼ 35.3%
Equity and liabilities €414k
Equity
€367k▲ 7.3%
Debt
€47k▼ 45.5%
The debt ratio falls from 20.1% to 11.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▲
2024 · €84k
Cash flow
€95k▲
2024 · €94k
Solvency
88.6%▲
2024 · 79.9%
Current ratio
3.72▲
2024 · 3.13
Quick ratio
3.72▲
2024 · 3.13
Debt / equity
0.13▼
2024 · 0.25
ROE
19.7%▼
2024 · 23.3%
ROA
17.4%▼
2024 · 18.6%
Interest coverage
674.93▼
2024 · 1963.31
Debt
€47k▼
2024 · €86k
Debt ≤ 1 year
€47k▼
2024 · €86k
Income taxes
€0=
2024 · €0
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€428k€414k▼
Fixed assets21/28€158k€239k▲
Tangible fixed assets22/27€158k€239k▲
Land and buildings22€96k€146k▲
Plant, machinery and equipment23-€23k
Furniture and vehicles24€39k€49k▲
Other tangible fixed assets26€23k€21k▼
Financial fixed assets28€0€0=
Current assets29/58€270k€175k▼
Amounts receivable within one year40/41€47k€28k▼
Trade receivables40€0€5k▲
Other amounts receivable41€47k€23k▼
Cash at bank and in hand54/58€222k€146k▼
Deferred charges and accrued income490/1€994€994=
Equity and liabilities
Total equity and liabilities10/49€428k€414k▼
Equity10/15€342k€367k▲
Contributions10/11€19k€19k=
Reserves13€323k€348k▲
Distributable reserves133€323k€348k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€86k€47k▼
Amounts payable within one year42/48€86k€47k▼
Trade debts44€1k€0▼
Suppliers440/4€1k€0▼
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Other amounts payable47/48€83k€47k▼
Income statement
Code20242025
Turnover70€56k€10k▼
Non-recurring operating income76A€89k€114k▲
Goods, raw materials, services and sundry goods60/61€66k€36k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€23k▲
Other operating charges640/8€200€241▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€84k€93k▲
Operating profit (loss)9901€69k€68k▼
Financial income75/76B€11k€4k▼
Recurring financial income75€11k€4k▼
Financial charges65/66B€43€135▲
Recurring financial charges65€43€135▲
Profit (loss) for the period before taxes9903€80k€72k▼
Income taxes67/77€0€0=
Profit (loss) for the period9904€80k€72k▼
Profit (loss) for the period to be appropriated9905€80k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€72k▼
Profit (loss) brought forward from the previous period14P€16k-
Transfer from equity791/2€13k-
Transfer to equity691/2€25k€25k▼
To other reserves6921€25k€25k▼
Profit to be distributed694/7€83k€47k▼
Return on contributions (dividend)694€83k€47k▼
The notes to these accounts (8 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €77k
Net result €77k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-22k ▼107%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €329k ▲2478%
Operating result €333k, net result €329k, both a record.
31-12
Financial
Liquidity times 122current ratio 26.69
Current ratio from 0.22 to 26.69; short-term debt falls from €32k to €15k.
31-12
Financial
Equity above €200kEq €403k ▲313%
3 profitable years in a row build equity to €403k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Welkenraedt · 1 establishment unit since 2014
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.
Clos des Coccinelles 114840 WelkenraedtGround area
988 m²
Building footprint
107 m²
Parcel 63084A0411/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
WN Management SPRL
since 20142.232.292.276
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084A0411/00T000 | Wallonia | 988 m² | 1 · 107 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWelkenraedt2.232.292.276
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Of 6,078 companies in sector 75000 we hold annual accounts for 1,949. 1,477 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2014
Fiscal year end31-12
Activities, NACEBEL
75000Veterinary services
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.