WOLF-PROJECTS
ActiveSummary
WOLF-PROJECTS has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €4.0m. Equity is growing by about 2.6% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 124% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Use the arrow keys on the chart for the figures per year.
- 2025 Net result +233% on 2024. Merger absorbing Amerikalei, Official Gazette 13-11-2025.
- 2022 Net result +89% on 2021. The accounts now follow the abbreviated format, last year the full format.
Peer companies
Historical observationOf the 172 companies that looked in July 2024 the way this one looks now, 0.0% went bankrupt within 24 months and 96.5% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 172 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.0m | - | - | - | - | - |
| Turnover70 | €3.4m | €2.2m | €5.7m | €2.9m | - | - | - | - | - |
| Other operating income74 | - | - | - | €0.07m | - | - | - | - | - |
| Operating charges60/66A | - | - | - | €1.8m | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €1.6m | - | - | - | - | - |
| Purchases600/8 | - | - | - | €0.2m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | €1.4m | - | - | - | - | - |
| Services and other goods61 | - | - | - | €0.08m | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.01m | €0.02m | €0.08m | ▲ 306% |
| Non-recurring operating charges66A | - | - | - | €0.05m | - | - | - | - | - |
| Gross operating margin9900 | - | - | - | - | €0.7m | €0.9m | €2.2m | €5.1m | ▲ 125% |
| Operating profit (loss)9901 | €0.6m | €0.8m | €1.1m | €1.2m | €0.6m | €0.9m | €2.2m | €5.0m | ▲ 124% |
| Financial income75/76B | - | - | - | €0.09m | €1.2m | €0.04m | €0.09m | €1.4m | ▲ 16× |
| Recurring financial income75 | €0.9m | €0.02m | €0.04m | €0.09m | €1.2m | €0.04m | €0.09m | €0.2m | ▲ 126% |
| Income from financial fixed assets750 | - | - | - | €0.05m | - | - | - | - | - |
| Income from current assets751 | - | - | - | €260 | - | - | - | - | - |
| Other financial income752/9 | - | - | - | €0.04m | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €1.2m | - |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.2m | €0.7m | €1.3m | ▲ 86.8% |
| Recurring financial charges65 | €0.3m | €0.4m | €0.5m | €0.2m | €0.2m | €0.2m | €0.7m | €0.9m | ▲ 37.8% |
| Debt charges650 | €0.3m | €0.3m | €0.4m | €0.2m | - | - | - | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | -€0.02m | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.05m | - | - | - | - | - |
| Non-recurring financial charges66B | - | - | - | €0 | - | - | - | €0.3m | - |
| Profit (loss) for the period before taxes9903 | €1.1m | €0.4m | €0.7m | €1.0m | €1.6m | €0.7m | €1.6m | €5.1m | ▲ 215% |
| Income taxes67/77 | €0.06m | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | €0.4m | €1.1m | ▲ 162% |
| Taxes670/3 | - | - | - | €0.3m | - | - | - | - | - |
| Profit (loss) for the period9904 | €1.1m | €0.3m | €0.5m | €0.8m | €1.5m | €0.6m | €1.2m | €4.0m | ▲ 233% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €0.3m | €0.5m | €0.8m | €1.5m | €0.6m | €1.2m | €4.0m | ▲ 233% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €14.7m | €16.8m | €16.1m | €10.8m | €11.2m | €13.5m | €20.9m | €22.0m | ▲ 4.8% |
| Fixed assets21/28 | €4.0m | €4.6m | €4.9m | €5.4m | €5.6m | €6.6m | €5.7m | €2.9m | ▼ 49.7% |
| Financial fixed assets28 | €4.0m | €4.6m | €4.9m | €5.4m | €5.6m | €6.6m | €5.7m | €2.9m | ▼ 49.7% |
| Affiliated companies280/1 | - | - | - | €4.0m | - | - | - | - | - |
| Participating interests280 | - | - | - | €4.0m | - | - | - | - | - |
| Companies linked by participating interests282/3 | - | - | - | €1.5m | - | - | - | - | - |
| Participating interests282 | - | - | - | €1.5m | - | - | - | - | - |
| Current assets29/58 | €10.7m | €12.1m | €11.2m | €5.3m | €5.6m | €6.9m | €15.3m | €19.1m | ▲ 25.1% |
| Stocks and contracts in progress3 | €6.4m | €6.4m | €3.8m | €2.4m | €1.5m | €3.9m | €11.6m | €11.4m | ▼ 1.4% |
| Stocks30/36 | - | - | - | €2.4m | €1.5m | €3.9m | €11.6m | €11.4m | ▼ 1.4% |
| Property held for sale35 | - | - | - | €2.4m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3.8m | €5.3m | €1.1m | €0.4m | €2.1m | €0.4m | €1.0m | €5.8m | ▲ 498% |
| Trade receivables40 | - | - | - | €0.001m | €1.0m | €0.06m | €0 | €0.4m | - |
| Other amounts receivable41 | - | - | - | €0.4m | €1.1m | €0.4m | €1.0m | €5.4m | ▲ 459% |
| Current investments50/53 | - | - | €1.3m | €1.3m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 3.3% |
| Other investments51/53 | - | - | - | €1.3m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €3.9m | €0.4m | €0.2m | €0.6m | €1.1m | €0.4m | ▼ 63.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.9m | €0.4m | €0.5m | €0.2m | €0.01m | ▼ 91.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €14.7m | €16.8m | €16.1m | €10.8m | €11.2m | €13.5m | €20.9m | €22.0m | ▲ 4.8% |
| Equity10/15 | €2.5m | €2.8m | €3.3m | €4.1m | €4.5m | €3.6m | €2.8m | €2.9m | ▲ 4.6% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Capital10 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Issued capital100 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.08m | €0.09m | €2.4m | €3.2m | €3.6m | €2.7m | €1.9m | €2.0m | ▲ 6.7% |
| Non-distributable reserves130/1 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Legal reserve130 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Distributable reserves133 | - | - | - | €3.1m | €3.5m | €2.6m | €1.8m | €1.9m | ▲ 7.1% |
| Profit (loss) carried forward14 | €1.5m | €1.8m | €0 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €12.2m | €14.0m | €12.8m | €6.7m | €6.7m | €9.9m | €18.1m | €19.0m | ▲ 4.9% |
| Amounts payable after more than one year17 | €7.2m | €7.2m | €0 | - | - | €2.9m | €9.4m | €8.4m | ▼ 10.6% |
| Financial debts170/4 | - | - | - | - | - | €2.9m | €9.4m | €8.4m | ▼ 10.6% |
| Amounts payable within one year42/48 | €4.7m | €6.4m | €12.5m | €6.6m | €6.6m | €6.8m | €8.6m | €10.6m | ▲ 22.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | €2.6m | €1.8m | ▼ 32.2% |
| Financial debts43 | - | - | - | €4.0m | €3.2m | €4.1m | €3.3m | €4.3m | ▲ 30.8% |
| Credit institutions430/8 | - | - | - | €4.0m | €3.2m | €4.1m | €3.3m | €4.3m | ▲ 30.8% |
| Trade debts44 | €0.08m | €0.05m | €0.04m | €0.07m | €0.02m | €0.02m | €0.1m | €0.4m | ▲ 293% |
| Suppliers440/4 | - | - | - | €0.07m | €0.02m | €0.02m | €0.1m | €0.4m | ▲ 293% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.03m | €0.03m | €0.3m | €0.3m | ▼ 10.9% |
| Taxes450/3 | - | - | - | €0.3m | €0.03m | €0.03m | €0.3m | €0.3m | ▼ 10.9% |
| Other amounts payable47/48 | - | - | - | €2.2m | €3.3m | €2.7m | €2.4m | €3.9m | ▲ 64.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.03m | ▼ 68.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €0.3m | €0.5m | €0.8m | €1.5m | €0.6m | €1.2m | €4.0m | ▲ 233% |
| Operating cash flow (approximation) | €1.1m | €0.3m | €0.5m | €0.8m | €1.5m | €0.6m | €1.2m | €4.0m | ▲ 233% |
| Investment in fixed assets (approximation) | - | -€0.6m | -€0.3m | -€0.5m | -€0.2m | -€1.0m | €0.9m | €2.8m | ▲ 213% |
| Change in cash | - | €0.02m | €3.6m | -€3.6m | -€0.1m | €0.4m | €0.5m | -€0.7m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-05-2026 | 2026-00123938 |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00128371 |
| 31-12-2023 | abbreviated format | 26-07-2024 | 2024-00288202 |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00252871 |
| 31-12-2021 | full format | 17-06-2022 | 2022-20073185 |
| 31-12-2020 | full format | 30-06-2021 | 2021-28700055 |
| 31-12-2019 | full format | 16-07-2020 | 2020-30300241 |
| 31-12-2018 | full format | 19-06-2019 | 2019-20100381 |
| 31-12-2017 | full format | 12-06-2018 | 2018-17900182 |
| 31-12-2016 | full format | 12-06-2017 | 2017-16300346 |
Subsidies and aid
Flemish government
2024 · 1 entry · €51,740 awarded · €51,740 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.