WOJA MANAGEMENT
ActiveWOJA MANAGEMENT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €-4k. Equity is shrinking by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 1902 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+25
Solvency54▼-22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.78 in 2024; short-term debt: 70.9% and cash: 10.9% of total assets), and 70.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
29.1%
Return on assets
-5.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
5 d early
2022
37 d late
2021
9 d early
2020
85 d late
2019
61 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▼ 16.0%
2024 · €26k
2018: €83k
2019: €112k
2020: €106k
2021: €72k
2022: €42k
2023: €31k
2024: €26k
2018 → 2025
Total assets
€76k▲ 47.6%
2024 · €52k
2018: €114k
2019: €136k
2020: €143k
2021: €102k
2022: €69k
2023: €66k
2024: €52k
2018 → 2025
Net result
€-4k▲ 15.3%
2024 · €-5k
2018: €25k
2019: €29k
2020: €-6k
2021: €-34k
2022: €-30k
2023: €4k
2024: €-5k
2018 → 2025
Working capital
€-9k
2024 · €20k
2018: €82k
2019: €112k
2020: €106k
2021: €72k
2022: €42k
2023: €24k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€42k▼ 41.0%€31k▼ 26.2%€26k▼ 15.8%€22k▼ 16.0%
Operating result€-38k-€-31k▲ 17.1%€-6k▲ 80.9%€-5k▲ 10.8%€-3k▲ 34.9%
Net result€-34k-€-30k▲ 14.2%€4k€-5k€-4k▲ 15.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€31k▲ 369%
Current assets
€45k▼ 0.4%
Equity and liabilities €76k
Equity
€22k▼ 16.0%
Debt
€54k▲ 114%
The debt ratio rises from 48.8% to 70.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▲
2024 · €-4k
Cash flow
€611▲
2024 · €-3k
Solvency
29.1%▼
2024 · 51.2%
Current ratio
0.83▼
2024 · 1.78
Quick ratio
0.65▼
2024 · 1.78
Debt / equity
2.43▲
2024 · 0.95
ROE
-19.0%▼
2024 · -18.8%
ROA
-5.5%▲
2024 · -9.6%
Interest coverage
2.48▲
2024 · -4.52
Debt
€54k▲
2024 · €25k
Debt ≤ 1 year
€54k▲
2024 · €25k
Income taxes
€205▲
2024 · €191
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€52k€76k▲
Fixed assets21/28€7k€31k▲
Intangible fixed assets21-€3k
Tangible fixed assets22/27€7k€28k▲
Land and buildings22-€13k
Plant, machinery and equipment23-€10k
Furniture and vehicles24€7k€5k▼
Current assets29/58€45k€45k▼
Stocks and contracts in progress3-€10k
Stocks30/36-€10k
Amounts receivable within one year40/41€37k€27k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€32k€25k▼
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€52k€76k▲
Equity10/15€26k€22k▼
Contributions10/11€19k€19k=
Reserves13€67k€67k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€-59k€-63k▼
Amounts payable17/49€25k€54k▲
Amounts payable within one year42/48€25k€54k▲
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€21k€40k▲
Suppliers440/4€21k€40k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48-€8k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-2k€3k▲
Operating profit (loss)9901€-5k€-3k▲
Financial income75/76B€1k€5▼
Recurring financial income75€1k€5▼
Financial charges65/66B€782€550▼
Recurring financial charges65€782€550▼
Profit (loss) for the period before taxes9903€-5k€-4k▲
Income taxes67/77€191€205▲
Profit (loss) for the period9904€-5k€-4k▲
Profit (loss) for the period to be appropriated9905€-5k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-63k▼
Profit (loss) brought forward from the previous period14P€-54k€-59k▼
The notes to these accounts (11 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 85 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Highest result since 2018net €29k ▲15.3%
Operating result €39k, net result €29k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲35.3%
2 profitable years in a row build equity to €112k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Harelbeke · 2 establishment units since 1989
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.
Vlietestraat 288531 HarelbekeGround area
1,146 m²
Building footprint
627 m²
Volume, LiDAR
3,621 m³
2 parcels, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
WOJA MANAGEMENT
since 19892.044.996.065
Woja Management bv
since 20252.367.253.029
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004A0324/00G000 | Flanders | 796 m² | 1 · 484 m² | 11.7 m · 2 fl. |
| 34017B0752/00D000 | Flanders | 350 m² | 1 · 142 m² | 8.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteHarelbeke2.367.253.029
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Of 3,464 companies in sector 25530 we hold annual accounts for 1,658. 774 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-1989
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.