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WoFimmo

Active
Private limited companyfounded 2024active for 1 yearStaatsbaan 65B, 3545 Halen, BelgiumKBO/BCE: BE 1016.715.990

Financials · financial year 2026, abbreviated format

Annual accounts 2026 filed on 30-10-2026 at the NBB

Equity
€174,767
Total assets
€1.8m
Net result
-€106,760
Working capital
-€225,424

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance-sheet composition
Assets €1.8m
Fixed assets €1.8m
Current assets €10,951
Equity and liabilities €1.8m
Equity €174,767
Debt €1.6m
Debt's share of the balance-sheet total is 90.3%.
Key figures and ratios
2026 value
EBITDA
-€22,952
Cash flow
-€69,585
Current ratio
0.05
Debt to equity
9.31
ROE
-61.1%
ROA
-5.9%
Interest coverage
-0.49
Debt ≤ 1 year
€236,375
Debt > 1 year
€1.4m

Securities and guarantees

on own assets and for others
Item31-03-2026
Debts guaranteed by Belgian public bodies€1.4m

Source: notes to the 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item31-03-2026
Tangible fixed assets€1.8m
Depreciation and write-downs of the year€37,174

Source: notes to the 2026 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2026 · 33 lines
Balance sheet Code2026
Assets
Total assets20/58€1.8m
Fixed assets21/28€1.8m
Tangible fixed assets22/27€1.8m
Land and buildings22€1.8m
Furniture and vehicles24€0.03m
Current assets29/58€0.01m
Cash at bank and in hand54/58€0.003m
Deferred charges and accrued income490/1€0.008m
Equity and liabilities
Total equity and liabilities10/49€1.8m
Equity10/15€0.2m
Contributions10/11€0.3m
Profit (loss) carried forward14-€0.1m
Amounts payable17/49€1.6m
Amounts payable after more than one year17€1.4m
Financial debts170/4€1.4m
Amounts payable within one year42/48€0.2m
Current portion of amounts payable after more than one year42€0.05m
Trade debts44€0.2m
Suppliers440/4€0.2m
Other amounts payable47/48€0.02m
Income statement Code2026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m
Other operating charges640/8€0.003m
Non-recurring operating charges66A€0.007m
Gross operating margin9900-€0.01m
Operating profit (loss)9901-€0.06m
Financial income75/76B€341
Recurring financial income75€341
Financial charges65/66B€0.05m
Recurring financial charges65€0.05m
Profit (loss) for the period before taxes9903-€0.1m
Profit (loss) for the period9904-€0.1m
Profit (loss) for the period to be appropriated9905-€0.1m
Appropriation of the result
Profit (loss) to be appropriated9906-€0.1m

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 30-10-2026.

Line2026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,174
Other operating charges640/8€2,693
Non-recurring operating charges66A€6,976
Gross operating margin9900-€13,283
Operating profit (loss)9901-€60,126
Financial income75/76B€341
Recurring financial income75€341
Financial charges65/66B€46,974
Recurring financial charges65€46,974
Profit (loss) for the period before taxes9903-€106,760
Profit (loss) for the period9904-€106,760
Profit (loss) for the period to be appropriated9905-€106,760
Line2026
Assets
Total assets20/58€1.8m
Fixed assets21/28€1.8m
Tangible fixed assets22/27€1.8m
Land and buildings22€1.8m
Furniture and vehicles24€0.03m
Current assets29/58€0.01m
Cash at bank and in hand54/58€0.003m
Deferred charges and accrued income490/1€0.008m
Equity and liabilities
Total equity and liabilities10/49€1.8m
Equity10/15€0.2m
Contributions10/11€0.3m
Profit (loss) carried forward14-€0.1m
Amounts payable17/49€1.6m
Amounts payable after more than one year17€1.4m
Financial debts170/4€1.4m
Amounts payable within one year42/48€0.2m
Current portion of amounts payable after more than one year42€0.05m
Trade debts44€0.2m
Suppliers440/4€0.2m
Other amounts payable47/48€0.02m
Line2026
Profit (loss) for the period9904-€106,760
+ Depreciation and write-downs630€37,174
Operating cash flow (approximation)-€69,585

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 120 companies had the same profile as WoFimmo has now. Two years later, 95.8% were still going and 2.5% had gone bankrupt.

  • Small
  • under 2 years old
  • solvency under 10%
  • a small loss
95.8% was still going
1.7% stopped otherwise
2.5% went bankrupt

The bankruptcy probability of WoFimmo itself is higher: 8.9% within 12 months. It rests on far more data about WoFimmo than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 120 companies, not a prediction for WoFimmo. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-03-2026 abbreviated format 30-10-2026 2026-00597359 PDF

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