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Wodan & Co

Active
Ninovesteenweg 198 ·9320 Aalst, Belgium
KBO/BCE: BE 0754.881.120
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age5 yrs
Staff (FTE)0.7

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Wodan & Co is 0.7% (low). The 2025 annual accounts show negative equity (€-36k) and a net result of €-22k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 4707 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.7% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-22k+71.9%
Working capital€-34k+53.9%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 12-06-2026 with the NBB · fiscal year 2025 · micro
€-150k€-100k€-50k€0Operating result 2021: €-140k€-140kNet result 2021: €-141k€-141kOperating result 2022: €-71k€-71kNet result 2022: €-77k€-77kOperating result 2025: €-11k€-11kNet result 2025: €-22k€-22k202120222025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~18.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-300k€-200k€-100k€02026: €-11k (€-14k - €-8k)2027: €14k (€11k - €17k)2028: €40k (€37k - €43k)2021: €-138k2022: €-215k2025: €-36k202120222025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -71.2% 55.5%
better than 5% of 4707 sector peers
Net result €-22k €38k
better than 5% of 4706 sector peers
Equity €-36k €64k
better than 5% of 4707 sector peers
Gross operating margin €68k €61k
better than 55% of 4699 sector peers
Staff costs €67k €6k
higher than 83% of 380 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P5
2021: P5 · n=34552022: P5 · n=68362025: P5 · n=47072021 2025
Stable position over 2021-2025 · n=3455-6836
Net result P5
2021: P5 · n=34542022: P5 · n=68352025: P5 · n=47062021 2025
Stable position over 2021-2025 · n=3454-6835
Equity P5
2021: P5 · n=34602022: P5 · n=68442025: P5 · n=47072021 2025
Stable position over 2021-2025 · n=3460-6844
Gross operating margin P55
2021: P69 · n=34452022: P88 · n=68232025: P55 · n=46992021 2025
Weakening position over 2021-2025 · n=3445-6823
Describes the position versus peers, not a forecast.
EBITDA
€-9k
+87.6% far below sector median
Net profit
€-22k
+71.9% far below sector median
Cash flow
€-19k
+74.9% far below sector median
Total assets
€51k
+163.2% -57% vs sector
Equity
€-36k
+83.0% far below sector median
Working capital
€-34k
+53.9% far below sector median
Employees (FTE)
1
-80.0% 21-25
Staff costs
€67k
-63.8% far above sector median
Income taxes
€949
+293.6% -94% vs sector
Debt
€88k
-62.6% +82% vs sector
Debt ≤ 1y
€68k
-26.9% +40% vs sector
Debt > 1y
€19k
-86.6% far above sector median
Current ratio
0.50
+146.0% -70% vs sector
Quick ratio
0.50
+146.0% -70% vs sector
Solvency
-71.2%
+93.6% far below sector median
Debt / equity
-2.40
-120.5% far below sector median
ROE
59.2%
+65.4% +185% vs sector
ROA
-42.2%
+89.3% far below sector median
Interest coverage
-0.88
+93.4% far below sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€-9k
Net profit€-22k
Cash flow€-19k
Staff costs€67k
Income taxes€949
Dividends-
Total assets€51k
Equity€-36k
Debt€88k
of which ≤ 1y€68k
of which > 1y€19k
Working capital€-34k
Employees (FTE)0.7
Ratios (computed)
2025
Current ratio0.50
Quick ratio0.50
Working capital ratio-66.6%
Solvency-71.2%
Debt / equity-2.40
Long-term debt ratio-0.52
Interest coverage-0.88
Gross margin-
Net margin-
ROA-42.2%
ROE59.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€51k
Fixed assets 21/28€18k
Intangible fixed assets 21€11k
Tangible fixed assets 22/27€1k
Financial fixed assets 28€5k
Current assets 29/58€34k
Amounts receivable within one year 40/41€31k
Investments 50/53€99
Cash & bank 54/58€0
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€51k
Equity 10/15€-36k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€-39k
Amounts payable 17/49€88k
Amounts payable after one year 17€19k
Amounts payable within one year 42/48€68k
Trade debts payable within one year 44€10k
Income statement
Gross operating margin 9900€68k
Operating result 9901€-11k
Financial income 75€564
Financial charges 65€10k
Result before taxes 9903€-21k
Income taxes 67/77€949
Net result for the period 9904€-22k
Result to be appropriated 9905€-22k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
18 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
51 companies at this address See who is registered here

Establishment units

1 location
Wodan & Co
Ninovesteenweg 198, 9320 AalstOverige dienstverlenende activiteiten op het gebied van informatie, n.e. g.
since 20202.308.086.492
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,791 m²
Buildings1
Building footprint1,152 m²
Volume (LiDAR)12,635 m³
Tallest building14.4 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41342B0950/00K002 Flanders 3,791 m² 1 · 1,152 m² 14.4 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health18Profitability100Solvency33Growth78Stability94
65 / 100

Strong profile, led by profitability.

Health 18
Profitability 100
Solvency 33
Growth 78
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Adviesbureaus op het gebied van public relations en communicatie70210Markt- en opinieonderzoekbureaus73200Markt- en opinieonderzoek73200Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990Overige vormen van onderwijs85599Overige vormen van onderwijs85599
Primary activity highlighted.
Names & trade names
Legal nameNL Wodan & Co
Registered office
Ninovesteenweg 198 bus 19
9320 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.