Equity
WN MANAGEMENT paid out €47,059 in dividends. That is 65% of the 2025 profit.
WN MANAGEMENT paid out €47,059 in dividends. That is 65% of the 2025 profit.
Green is investment, beige is depreciation. Land and buildings stand 51.9% higher than in 2024.
WN MANAGEMENT pays its suppliers 7 days earlier than in 2024. Customers pay 170 days later.
The dashed line is the sector median: < 0.1% across 1,971 companies (NACE 75, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 75, micro). It does better than 88% of them on solvency, 86% on liquidity, 65% on profitability and 23% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as WN MANAGEMENT has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of WN MANAGEMENT itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for WN MANAGEMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.72 (3.13 in 2024), above the usual 1.5. Short-term debt is 11.4% and cash 35.2% of total assets. 11.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 75), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WN MANAGEMENT Welkenraedt | €414,099 | €93,030 | 88.6% | - |
| DAP Brechtse Hei Brecht | €419,077 | €89,318 | 51.9% | - |
| Kateel Rijkevorsel | €357,910 | €103,806 | 58.1% | - |
| F'ANI VETO Saint-Georges-sur-Meuse | €404,847 | €88,399 | 61.9% | - |
| Bart Slootmaeckers Lier | €379,613 | €98,159 | 49.1% | - |
| EVG Dierenarts Dessel | €449,022 | €73,828 | 52.1% | - |
| Dierenarts Janna Wittebroodt Damme | €348,075 | €92,839 | 66.0% | - |
These companies have the same main activity as WN MANAGEMENT: veterinary services (NACE 75000). They are comparable in size and age: total assets between €348,000 and €449,000, founded between 2011 and 2018.
WN MANAGEMENT files the micro format. That format states no turnover. The gross margin rose from €25,356 in 2014 to €93,030 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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