Equity
-€939
Debts exceed assets in financial year 2025.
Wolf
Overview
Lifetime
3 annual accounts with figures on one time axispeak €1,351 (2023)
€413▼ 53.0%
lowest -€4,005 (2025)
-€4,005▼ €3,988
peak €3,084 (2023)
-€939▼ €4,005
€7,095▼ 38.6%
Board2 names since 2023
1 directorDE WOLF Laurent Monica Antoine
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €878 to €413Loss of €4,005Equity from €3,066 to -€939Debts from €11,549 to €7,095Cash from €6,157 to €1,922
Key points
from the 2025 annual accountsLosses
-€4,023 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €3,400 estimated
The micro format states no turnover.
Debts
€7,095 115% of the balance sheet
Suppliers 34%Taxes and wages 28%Other 38%
Board
1 joined · 1 left
Board changed. Latest change 30-06-2026 · 1 in office.
Position in the sector
-15.3%
Lower solvency than 93% of companies in specialised construction. Sector median 46.7% · 35,119 companies.
Checked score
53
Fair
Financially stronger than 10% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.7%
01-2025: 2.8%▲ +0.1 percentage points vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025
03-2025: 2.9%▲ +0.1 percentage points vs 02-2025
04-2025: 3.0%▲ +0.1 percentage points vs 03-2025
05-2025: 3.0%● unchanged vs 04-2025
06-2025: 3.0%● unchanged vs 05-2025
07-2025: 3.1%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 1.0%▼ -2.1 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 0.9%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: 0.9%● unchanged vs 01-2026lowest value
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.5%▲ +0.5 percentage points vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.2%▼ -0.3 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€939
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €6,156
Liquidity: current ratio 0.85, cash €1,922, halved
Calculation
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 43, micro). It does better than 6% of them on solvency, 28% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Wolf has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Wolf itself is lower: 1.2% within 12 months. It rests on far more data about Wolf than the profile alone.
Test of the method
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 7,639 companies, not a prediction for Wolf. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.85 (1.21 in 2024), below 1. Short-term debt is 115.3% and cash 31.2% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€939
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 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 days early
2024
30 days early
2023
9 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 17 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (3 of the last 3 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DE WOLF Laurent Monica Antoine 95 sharesdeed of 02-02-2023
- DULLAERTS Sophie 5 sharesdeed of 02-02-2023
Recent changes
New director
Mireille Karel J Steppe appointed, Laurent De Wolf resigned · General meeting of 26-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0797822129
Incorporation
Founding capital of €3,000, 100 shares · Founder: DE WOLF Laurent Monica Antoine · Appointment: DE WOLF Laurent Monica Antoine (director) · published on 02-02-2023 · Gazette deed
First establishment
Ninovesteenweg 91, Aalst
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Wolf: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €5,320 and €8,110, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 31-01-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 2 others
- Establishment unit
- 2.341.184.1799320 Aalst, since 31-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-04-2025
Annual accounts 2025
- €413▼ 53.0%
- €4,005▲ 228×
- -€939
- €6,156▼ 57.9%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on Wolf
Wolf files the micro format. That format states no turnover. The gross margin fell from €1,351 in 2023 to €413 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadline€413
▼ 53.0%
-€3,941
▼ €4,323
-€4,005
▼ €3,988
-€1,089
▼ €3,509
-15.3%
▼ 36.2 percentage points
0.85
▼ 0.36
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3,400. Estimated: probably between €2,200 and €7,200.
Balance sheet
balance sheet total €6,156 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-15.3%
Higher than 7% of 35,119 companies in 2025.
0.85
Higher than 16% of 34,493 companies in 2025.
-65.1%
Lower than 95% of 34,694 companies in 2025.
Wolf
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
6,156 | 14,615 | 57,305 | |
21/28 |
150 | 646 | 1,142 | |
22/27 |
150 | 646 | 1,142 | |
26 |
150 | 646 | 1,142 | |
29/58 |
6,006 | 13,969 | 56,163 | |
3 |
4,000 | - | 5,500 | |
30/36 |
4,000 | - | 5,500 | |
40/41 |
- | 6,457 | 44,990 | |
40 |
- | 6,457 | 37,428 | |
41 |
- | - | 7,562 | |
54/58 |
1,922 | 6,157 | 5,601 | |
490/1 |
84 | 1,355 | 73 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
6,156 | 14,615 | 57,305 | |
10/15 |
-939 | 3,066 | 3,084 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
- | 66 | 84 | |
133 |
- | 66 | 84 | |
14 |
-3,939 | - | - | |
17/49 |
7,095 | 11,549 | 54,221 | |
42/48 |
7,095 | 11,549 | 34,221 | |
44 |
2,412 | 9,836 | 33,852 | |
440/4 |
2,412 | 9,836 | 33,852 | |
45 |
2,005 | 579 | 369 | |
450/3 |
2,005 | 579 | 369 | |
47/48 |
2,678 | 1,134 | - | |
492/3 |
- | - | 20,000 | |
| Income statement | ||||
9900 |
413 | 878 | 1,351 | |
630 |
496 | 496 | 346 | |
640/8 |
3,858 | - | 132 | |
9901 |
-3,941 | 382 | 873 | |
75/76B |
- | - | 10 | |
75 |
- | - | 10 | |
65/66B |
64 | 61 | 431 | |
65 |
64 | 61 | 431 | |
9903 |
-4,005 | 321 | 452 | |
67/77 |
- | 338 | 369 | |
9904 |
-4,005 | -18 | 84 | |
9905 |
-4,005 | -18 | 84 | |
| Appropriation of the result | ||||
9906 |
-4,005 | -18 | 84 | |
791/2 |
66 | 18 | - | |
691/2 |
- | - | 84 | |
6921 |
- | - | 84 | |
| Document | ||||
The notes to these accounts have 4 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 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2023 to 2024, 2 entries, €1,105 awarded, €984 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €248 | €396 |
| 2023 | 1 | €857 | €588 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -3,446 | 878 | 1,219 | ||
| -3,509 | 478 | 430 | ||
| 0 | 0 | 1,488 | ||
| -4,235 | 556 | - | ||
| -1,089 | 2,420 | 21,942 | ||
| -15.3% | 21.0% | 5.4% | ||
| 0.85 | 1.21 | 1.64 | ||
| 0.28 | 1.21 | 1.48 | ||
| - | 3.77 | 17.58 | ||
| - | -0.6% | 2.7% | ||
| -65.1% | -0.1% | 0.1% | ||
| -54.05 | 14.34 | 2.83 |
The equity ratios are withheld because equity of -€939 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €1,488 |
| €496 | €496 | €346 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Wolf
The operating result for 2025 is a loss of €3,941, after a profit of €382 in 2024. It is the lowest result since 2023.
Equity is negative. Debt (€7,095) exceeds the balance-sheet total (€6,156).
Board & ownership
Board
1 director, no change since June 2026Director (not named in the articles)
appointed by deed of 28-09-2026
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 02-02-2023
Mandates through the years
2 names, the dashed line is todayMireille Karel J Steppe
Director (not named in the articles)
Director (not named in the articles)
DE WOLF Laurent Monica Antoine
Director
Director
BoardEarlier
Mandates as a list
- Mireille Karel J Steppe
- Director (not named in the articles), appointed by deed of 28-09-2026, still in office
- DE WOLF Laurent Monica Antoine
- Director, from 31-01-2023 to 30-06-2026
Control
Founders
DE WOLF Laurent Monica Antoine, DULLAERTS Sophie
This company
Wolf
Equity -€939
Loss €4,005 in 2025
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- -€9.39 in 2025
- Source
- deed of 02-02-2023
Articles of association
deed of 02-02-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director“Algemene vergadering bepaalt aantal duur opdracht en indien meerdere bevoegdheid, een of meer bestuurders natuurlijke personen of…”“Bestuursorgaan kan gevolmachtigden al of niet aandeelhouders aanstellen alleen bijzondere en beperkte volmachten voor bepaalde of reeks…”“Geboekt op algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Alle procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal aandelen…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 19:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Recht algemene vergadering om één of meerdere vereffenaars aan te duiden, bevoegdheden te omlijnen en vergoeding te bepalen, bestuurder(s)…”
Shareholders
At incorporation
deed of 02-02-2023 ↗
- DE WOLF Laurent Monica Antoine 95 shares
- DULLAERTS Sophie 5 shares
Network & group
No group
Wolf has no parent and no holdings in its annual accounts. Mireille Karel J Steppe is the only director. Wolf shares no director with another company.
Timeline
Timeline
8 events since 2023Board
Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
New directorMireille Karel J Steppe appointed, Laurent De Wolf resigned · General meeting of 26-06-20263 points ▸
- General meeting, 26-06-2026
- Director resignation, Laurent De Wolf (director (not named in the articles))
- Director appointment, Mireille Karel J Steppe (director (not named in the articles))
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
2025
Weakest financial year net -€4,005 The net result drops to -€4,005, the lowest from 2023 to 2025.
Annual accounts 2024 filed PDFmicro format · 30 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0797822129
2024
Annual accounts 2023 filed PDFmicro format · 9 days late
2023
IncorporationFounding capital of €3,000, 100 shares · Founder: DE WOLF Laurent Monica Antoine · Appointment: DE WOLF Laurent Monica Antoine (director) · published on 02-02-20237 points ▸
- Founder, DE WOLF Laurent Monica Antoine
- Founding capital, €3,000, 100 shares
- DE WOLF Laurent Monica Antoine holds 95 shares
- DULLAERTS Sophie holds 5 shares
- Capital, €3,000, 100 shares
- Registered office clause, Ninovesteenweg 91, 9320 Erembodegem (Aalst)
- Director appointment, DE WOLF Laurent Monica Antoine
- The deed holds 7 more points.
First establishment Ninovesteenweg 91, Aalst
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Wolf was incorporated on 31 January 2023 as a private limited company by two natural persons, with a starting capital of €3,000.12 Mireille Karel J Steppe is director of the company, appointed by deed of 28-09-2026.3 Total assets fell from €57,305 in 2023 to €6,156 in 2025.4
Company details
Identity
- Enterprise number
- 0797.822.129
- VAT number
- BE 0797.822.129
- Peppol ID
- 0208:0797822129
- Other Peppol ID
- 9925:BE0797822129
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 31-01-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 19:00deed of 02-02-2023 (in Dutch)
- Peppol
- Reachable since 24-04-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Wolf in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 02-02-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 02-02-2023 (in Dutch)
Activities
NACEBEL 202543211
General electrical installation work main activity
43230
Insulation installation
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
33200
Installation of industrial machinery and equipment
43291
Specialised construction activities
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Ninovesteenweg 91 registered office 9320 Aalst | 31-01-2023 | 2.341.184.179 |
Buildings and parcels at the address
- Ground area
- 691 m²
- Buildings
- 117 m²
- Volume, LiDAR
- 807 m³
- Tallest building
- 10.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41342B0134/00R000 | 691 m² | 1 · 116 m² | 10.8 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0797.822.129