WOLF+
ActiveSummary
WOLF+ has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €23k. Equity is growing by ~48.6% per year across the filed fiscal years. Its solvency ranks better than 12% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+6
Solvency29▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.24 against 3.1 in 2024; short-term debt: 28.3% and cash: 17.9% of total assets), but 95.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
4.5%
Return on assets
10.6%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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
28 d late
2024
47 d late
2023
29 d late
2022
21 d late
2021
3 d late
2020
27 d late
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k
2024 · €-13k
2019: €-71k
2020: €-72k▼ -1.8% vs 2019lowest in 7 years
2021: €-72k▲ +0.4% vs 2020
2022: €-29k▲ +59.9% vs 2021
2023: €-25k▲ +13.6% vs 2022
2024: €-13k▲ +46.6% vs 2023
2025: €10k▲ +173% vs 2024highest in 7 years
2019 → 2025
Total assets
€216k▲ 7.0%
2024 · €202k
2019: €111klowest in 7 years
2020: €113k▲ +1.6% vs 2019
2021: €118k▲ +5.0% vs 2020
2022: €174k▲ +47.3% vs 2021
2023: €187k▲ +7.3% vs 2022
2024: €202k▲ +7.8% vs 2023
2025: €216k▲ +7.0% vs 2024highest in 7 years
2019 → 2025
Net result
€23k▲ 98.0%
2024 · €12k
2019: €-6klowest in 7 years
2020: €-1k▲ +80.3% vs 2019
2021: €284▲ +122% vs 2020
2022: €43k▲ +15032% vs 2021highest in 7 years
2023: €4k▼ -90.9% vs 2022
2024: €12k▲ +197% vs 2023
2025: €23k▲ +98.0% vs 2024
2019 → 2025
Working capital
€137k▲ 12.2%
2024 · €122k
2019: €-13k
2020: €-21k▼ -65.6% vs 2019lowest in 7 years
2021: €-12k▲ +41.2% vs 2020
2022: €92k▲ +851% vs 2021
2023: €103k▲ +12.2% vs 2022
2024: €122k▲ +18.3% vs 2023
2025: €137k▲ +12.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-72k-€-29k▲ 59.9%€-25k▲ 13.6%€-13k▲ 46.6%€10k
2021: €-72klowest in 5 years
2022: €-29k▲ +59.9% vs 2021
2023: €-25k▲ +13.6% vs 2022
2024: €-13k▲ +46.6% vs 2023
2025: €10k▲ +173% vs 2024highest in 5 years
Operating result€358-€55k▲ 15,250%€4k▼ 92.7%€12k▲ 193%€11k▼ 5.2%
2021: €358lowest in 5 years
2022: €55k▲ +15250% vs 2021highest in 5 years
2023: €4k▼ -92.7% vs 2022
2024: €12k▲ +193% vs 2023
2025: €11k▼ -5.2% vs 2024
Net result€284-€43k▲ 15,032%€4k▼ 90.9%€12k▲ 197%€23k▲ 98.0%
2021: €284lowest in 5 years
2022: €43k▲ +15032% vs 2021highest in 5 years
2023: €4k▼ -90.9% vs 2022
2024: €12k▲ +197% vs 2023
2025: €23k▲ +98.0% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216k
Fixed assets
€18k ▼ 17.8%
Current assets
€198k ▲ 10.0%
Equity and liabilities €216k
Equity
€10k
Debt
€206k
Debt finances 95.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€16k▼
2024 · €19k
Cash flow
€27k▲
2024 · €19k
Current ratio
3.24▲
2024 · 3.10
Debt to equity
21.24▲
2024 · -15.30
ROE
236.8%
ROA
10.6%▲
2024 · 5.8%
Interest coverage
360.73▲
2024 · 223.27
Debt ≤ 1 year
€61k▲
2024 · €58k
Debt > 1 year
€145k=
2024 · €145k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€202k€216k▲
Fixed assets21/28€22k€18k▼
Tangible fixed assets22/27€22k€18k▼
Land and buildings22€22k€17k▼
Plant, machinery and equipment23-€428
Financial fixed assets28€28€28=
Current assets29/58€180k€198k▲
Amounts receivable within one year40/41€125k€159k▲
Trade receivables40€125k€159k▲
Cash at bank and in hand54/58€55k€39k▼
Deferred charges and accrued income490/1€670€0▼
Equity and liabilities
Total equity and liabilities10/49€202k€216k▲
Equity10/15€-13k€10k▲
Contributions10/11€19k€19k=
Reserves13€38k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€36k€0▼
Profit (loss) carried forward14€-70k€-11k▲
Provisions and deferred taxes16€12k€0▼
Deferred taxes168€12k€0▼
Amounts payable17/49€203k€206k▲
Amounts payable after more than one year17€145k€145k=
Financial debts170/4€145k€145k=
Amounts payable within one year42/48€58k€61k▲
Trade debts44€212€242▲
Suppliers440/4€212€242▲
Taxes, remuneration and social security45€700€784▲
Taxes450/3€700€784▲
Other amounts payable47/48€57k€60k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€21k€17k▼
Operating profit (loss)9901€12k€11k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€85€43▼
Recurring financial charges65€85€43▼
Profit (loss) for the period before taxes9903€12k€11k▼
Transfer from deferred taxes780-€12k
Profit (loss) for the period9904€12k€23k▲
Transfer from tax-exempt reserves789-€36k
Profit (loss) for the period to be appropriated9905€12k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€-11k▲
Profit (loss) brought forward from the previous period14P€-81k€-70k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €48k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €7k | €7k | €7k | €4k | ▼ 39.6% |
| Other operating charges640/8 | - | €1k | €1k | €2k | €2k | ▲ 13.7% |
| Gross operating margin9900 | €13k | €64k | €13k | €21k | €17k | ▼ 16.0% |
| Operating profit (loss)9901 | €358 | €55k | €4k | €12k | €11k | ▼ 5.2% |
| Financial income75/76B | - | €2 | - | - | €0 | - |
| Recurring financial income75 | - | €2 | - | - | €0 | - |
| Financial charges65/66B | - | €51 | €93 | €85 | €43 | ▼ 49.5% |
| Recurring financial charges65 | €74 | €51 | €93 | €85 | €43 | ▼ 49.5% |
| Profit (loss) for the period before taxes9903 | €284 | €55k | €4k | €12k | €11k | ▼ 4.8% |
| Transfer from deferred taxes780 | - | - | - | - | €12k | - |
| Transfer to deferred taxes680 | - | €12k | - | - | - | - |
| Profit (loss) for the period9904 | €284 | €43k | €4k | €12k | €23k | ▲ 98.0% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €36k | - |
| Transfer to tax-exempt reserves689 | - | €36k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €284 | €7k | €4k | €12k | €59k | ▲ 406% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118k | €174k | €187k | €202k | €216k | ▲ 7.0% |
| Fixed assets21/28 | €85k | €36k | €29k | €22k | €18k | ▼ 17.8% |
| Tangible fixed assets22/27 | €85k | €36k | €29k | €22k | €18k | ▼ 17.8% |
| Land and buildings22 | - | €30k | €26k | €22k | €17k | ▼ 19.8% |
| Plant, machinery and equipment23 | - | - | - | - | €428 | - |
| Furniture and vehicles24 | - | €6k | €3k | - | - | - |
| Financial fixed assets28 | €28 | €28 | €28 | €28 | €28 | = |
| Current assets29/58 | €33k | €138k | €158k | €180k | €198k | ▲ 10.0% |
| Amounts receivable within one year40/41 | €31k | €57k | €91k | €125k | €159k | ▲ 27.8% |
| Trade receivables40 | - | €57k | €91k | €125k | €159k | ▲ 27.8% |
| Other amounts receivable41 | - | €46 | - | - | - | - |
| Cash at bank and in hand54/58 | €1k | €81k | €67k | €55k | €39k | ▼ 29.4% |
| Deferred charges and accrued income490/1 | - | €601 | €627 | €670 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118k | €174k | €187k | €202k | €216k | ▲ 7.0% |
| Equity10/15 | €-72k | €-29k | €-25k | €-13k | €10k | ▲ 173% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €38k | €38k | €38k | €2k | ▼ 95.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €36k | €36k | €36k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €-92k | €-85k | €-81k | €-70k | €-11k | ▲ 84.5% |
| Provisions and deferred taxes16 | - | €12k | €12k | €12k | €0 | ▼ 100% |
| Deferred taxes168 | - | €12k | €12k | €12k | €0 | ▼ 100% |
| Amounts payable17/49 | €190k | €191k | €200k | €203k | €206k | ▲ 1.5% |
| Amounts payable after more than one year17 | €145k | €145k | €145k | €145k | €145k | = |
| Financial debts170/4 | - | €145k | €145k | €145k | €145k | = |
| Amounts payable within one year42/48 | €45k | €46k | €55k | €58k | €61k | ▲ 5.3% |
| Trade debts44 | €3k | €434 | €1k | €212 | €242 | ▲ 13.9% |
| Suppliers440/4 | - | €434 | €1k | €212 | €242 | ▲ 13.9% |
| Taxes, remuneration and social security45 | - | €608 | €921 | €700 | €784 | ▲ 12.1% |
| Taxes450/3 | - | €608 | €921 | €700 | €784 | ▲ 12.1% |
| Other amounts payable47/48 | - | €45k | €53k | €57k | €60k | ▲ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €284 | €43k | €4k | €12k | €23k | ▲ 98.0% |
| + Depreciation and write-downs630 | €8k | €7k | €7k | €7k | €4k | ▼ 39.6% |
| Operating cash flow (approximation) | €9k | €50k | €11k | €19k | €27k | ▲ 44.8% |
| Investment in fixed assets (approximation) | - | €42k | €0 | €0 | €-582 | - |
| Change in cash | - | €80k | €-14k | €-12k | €-16k | ▼ 31.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
31-03
Financial
Highest result since 2019net €43k ▲15,032%
Operating result €55k, net result €43k, both a record.
31-03
Financial
Liquidity quadruplescurrent ratio 2.99
Current ratio from 0.73 to 2.99.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
31-03
Financial
Back to profitnet €284
Net result €284 after 2 loss-making years.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2005
Ground area
59 m²
Building footprint
59 m²
Volume, LiDAR
482 m³
Parcel 44815F1604/00Y000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Schouwvegersstraat 32, 9000 Gent
since 20052.150.234.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F1604/00Y000 | Flanders | 58 m² | 1 · 58 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RA Business Services
BE 0679.553.789
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AMJA
BE 0479.634.910
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LUNA-INVEST
BE 0761.447.624
Wommelgem · Eq €9,698
Institut pour le Développement et la Communication
BE 0759.472.782
Rixensart · Eq €9,709
Creartor
BE 1025.988.301
Oudenaarde · Eq €9,693
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 22,643 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-08-2005
Fiscal year end31-03
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.