WOLFMAT
ActiveWOLFMAT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.12M and a net result of €-251k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 52% of 8002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
49
/ 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
Profitability6▼-1
Solvency71▼-3
Growth29=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.94 in 2024; short-term debt: 53.5% and cash: 3.6% of total assets), but 54% 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46%
Return on assets
-10.3%
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 €-251k
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
31 d early
2023
33 d early
2022
1 d late
2021
16 d late
2020
32 d early
2019
52 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€4.22M▼ 5.5%
2024 · €4.46M
2018: €5.52M
2019: €5.23M
2020: €4.99M
2021: €5.99M
2022: €6.04M
2023: €6.01M
2024: €4.46M
2018 → 2025
EBIT margin
-4.7%▲ 0.2pp
2024 · -4.9%
2018: 1.3%
2019: -2.7%
2020: -0.3%
2021: 0.8%
2022: 1.7%
2023: -0.8%
2024: -4.9%
2018 → 2025
Net result
€-251k▲ 5.4%
2024 · €-265k
2018: €5k
2019: €-83k
2020: €27k
2021: €36k
2022: €71k
2023: €-19k
2024: €-265k
2018 → 2025
Working capital
€1.10M▼ 15.5%
2024 · €1.30M
2018: €906k
2019: €815k
2020: €846k
2021: €751k
2022: €861k
2023: €870k
2024: €1.30M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.99M-€6.04M▲ 0.7%€6.01M▼ 0.4%€4.46M▼ 25.8%€4.22M▼ 5.5%
Equity€1.58M-€1.65M▲ 4.5%€1.64M▼ 1.1%€1.37M▼ 16.2%€1.12M▼ 18.3%
Operating result€47k-€105k▲ 123%€-46k€-220k▼ 381%€-198k▲ 10.0%
Net result€36k-€71k▲ 99.2%€-19k€-265k▼ 1,299%€-251k▲ 5.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €198k in 2025 against €220k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.43M
Fixed assets
€34k▼ 67.9%
Current assets
€2.40M▼ 10.5%
Equity and liabilities €2.43M
Equity
€1.12M▼ 18.3%
Debt
€1.31M▼ 7.3%
The debt ratio rises from 50.8% to 54.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-154k▲
2024 · €-158k
Cash flow
€-207k▼
2024 · €-204k
Solvency
46.0%▼
2024 · 49.2%
Current ratio
1.84▼
2024 · 1.94
Quick ratio
0.81▼
2024 · 0.94
Debt / equity
1.17▲
2024 · 1.03
ROE
-22.5%▼
2024 · -19.4%
ROA
-10.3%▼
2024 · -9.5%
Interest coverage
-2.89▼
2024 · -2.13
Debt
€1.31M▼
2024 · €1.42M
Debt ≤ 1 year
€1.30M▼
2024 · €1.38M
Debt > 1 year
€12k▼
2024 · €35k
Income taxes
€1k▼
2024 · €2k
Staff costs
€1.18M▲
2024 · €1.03M
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€2.78M€2.43M▼
Fixed assets21/28€107k€34k▼
Tangible fixed assets22/27€104k€32k▼
Plant, machinery and equipment23€69k€13k▼
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€31k€17k▼
Financial fixed assets28€2k€2k=
Current assets29/58€2.68M€2.40M▼
Stocks and contracts in progress3€1.39M€1.34M▼
Stocks30/36€1.39M€1.34M▼
Amounts receivable within one year40/41€1.20M€953k▼
Trade receivables40€1.20M€953k▼
Cash at bank and in hand54/58€90k€88k▼
Deferred charges and accrued income490/1-€16k
Equity and liabilities
Total equity and liabilities10/49€2.78M€2.43M▼
Equity10/15€1.37M€1.12M▼
Contributions10/11€1.60M€1.60M=
Reserves13€5k€5k=
Tax-exempt reserves132€5k€5k=
Profit (loss) carried forward14€-234k€-485k▼
Amounts payable17/49€1.42M€1.31M▼
Amounts payable after more than one year17€35k€12k▼
Financial debts170/4€35k€12k▼
Amounts payable within one year42/48€1.38M€1.30M▼
Current portion of amounts payable after more than one year42€25k€47k▲
Financial debts43€526k€396k▼
Credit institutions430/8€526k€396k▼
Trade debts44€683k€681k▼
Suppliers440/4€683k€681k▼
Advances received on contracts in progress46€12k€4k▼
Taxes, remuneration and social security45€134k€172k▲
Taxes450/3€123k€158k▲
Remuneration and social security454/9€11k€14k▲
Income statement
Code20242025
Turnover70€4.46M€4.22M▼
Non-recurring operating income76A€3k€16k▲
Goods, raw materials, services and sundry goods60/61€3.57M€3.19M▼
Remuneration, social security and pensions62€1.03M€1.18M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€44k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-19k-
Other operating charges640/8€40k€21k▼
Gross operating margin9900€895k€1.04M▲
Operating profit (loss)9901€-220k€-198k▲
Financial income75/76B€30k€956▼
Recurring financial income75€30k€956▼
Financial charges65/66B€74k€53k▼
Recurring financial charges65€74k€53k▼
Profit (loss) for the period before taxes9903€-264k€-250k▲
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€-265k€-251k▲
Profit (loss) for the period to be appropriated9905€-265k€-251k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-265k€-485k▼
Profit (loss) brought forward from the previous period14P-€-234k
Transfer from equity791/2€31k-
Social balance
Average headcount (FTE)908713.212.5▼
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-265k
Net result drops to €-265k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
31-12
Financial
Highest result since 2018net €71k ▲99.2%
Operating result €105k, net result €71k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
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, Machelen (Brab.) · 2 establishment units since 2003
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.
Nijverheidstraat 51830 Machelen (Brab.)Ground area
2.4 ha
Building footprint
2,152 m²
Volume, LiDAR
4,206 m³
2 parcels, Flanders, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Nijverheidstraat 5, 1830 Machelen (Brab.)
since 20032.126.446.767
DELMAT - ALLEUR
since 20182.279.509.205
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047A0108/00E000 | Flanders | 1.8 ha | 1 · 1,526 m² | - |
| 62001B0294/00F002 | Wallonia | 6,049 m² | 1 · 626 m² | 7.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,194 EUR awarded · 2,194 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 2,194 EUR |
| 2024 | 1 | 2,194 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 388 companies in sector 46630 we hold annual accounts for 276. 206 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-2002
Fiscal year end31-12
Activities, NACEBEL
46630Wholesale trade
51820
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.