Summary
WOLSPIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €466,723 and a net result of -€40,320. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 9866 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
34 d early
2022
49 d early
2021
40 d early
2020
50 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€466,723▼ 8.0%
2023 · €507,043
Net result
-€40,320
2023 · €86,367
Total assets
€482,058▼ 7.5%
2023 · €521,170
Solvency
96.8%▼ 0.5pp
2023 · 97.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€127,286▼ 8.7%€213,241▲ 67.5%€87,550▼ 58.9%€118,306▲ 35.1%-€51,944
Net result€91,227above the sector's middle half▼ 6.4%€149,837above the sector's middle half▲ 64.2%€63,507within the sector's middle half▼ 57.6%€86,367above the sector's middle half▲ 36.0%-€40,320below the sector's middle half
Equity€207,333within the sector's middle half▲ 78.6%€357,170within the sector's middle half▲ 72.3%€420,677above the sector's middle half▲ 17.8%€507,043above the sector's middle half▲ 20.5%€466,723above the sector's middle half▼ 8.0%
Total assets€211,457within the sector's middle half▲ 72.7%€379,839within the sector's middle half▲ 79.6%€433,922within the sector's middle half▲ 14.2%€521,170within the sector's middle half▲ 20.1%€482,058within the sector's middle half▼ 7.5%
Debt€4,125▼ 34.6%€22,670▲ 450%€13,246▼ 41.6%€14,127▲ 6.6%€15,335▲ 8.6%
Working capital€207,333▲ 78.6%€357,170▲ 72.3%€374,360▲ 4.8%€471,334▲ 25.9%€437,637▼ 7.1%
Solvency98.0%above the sector's middle half▲ 3.2pp94.0%above the sector's middle half▼ 4.0pp96.9%above the sector's middle half▲ 2.9pp97.3%above the sector's middle half▲ 0.3pp96.8%above the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €51,944 after €118,306 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €482,058
Fixed assets
€29,087 ▼ 18.5%
Current assets
€452,971 ▼ 6.7%
Equity and liabilities €482,058
Equity
€466,723 ▼ 8.0%
Debt
€15,335 ▲ 8.6%
Debt's share of the balance-sheet total rises from 2.7% to 3.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-8.6%▼
2023 · 17.0%
ROA
-8.4%▼
2023 · 16.6%
Debt ≤ 1 year
€15,335▲
2023 · €14,127
Income taxes
€148▼
2023 · €34,274
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €6,723 | €10,608 | €10,942 | ▲ 3.1% |
| Other operating charges640/8 | - | €468 | €936 | €885 | €860 | ▼ 2.8% |
| Gross operating margin9900 | €127,753 | €213,709 | €95,209 | €129,799 | -€40,141 | ▼ 131% |
| Operating profit (loss)9901 | €127,286 | €213,241 | €87,550 | €118,306 | -€51,944 | ▼ 144% |
| Financial income75/76B | - | - | - | €2,374 | €11,811 | ▲ 397% |
| Recurring financial income75 | - | - | - | €2,374 | €11,811 | ▲ 397% |
| Financial charges65/66B | - | €43 | €39 | €39 | €40 | ▲ 0.7% |
| Recurring financial charges65 | €39 | €43 | €39 | €39 | €40 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €127,247 | €213,198 | €87,511 | €120,641 | -€40,172 | ▼ 133% |
| Income taxes67/77 | €36,019 | €63,361 | €24,004 | €34,274 | €148 | ▼ 99.6% |
| Profit (loss) for the period9904 | €91,227 | €149,837 | €63,507 | €86,367 | -€40,320 | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €91,227 | €149,837 | €63,507 | €86,367 | -€40,320 | ▼ 147% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,457 | €379,839 | €433,922 | €521,170 | €482,058 | ▼ 7.5% |
| Fixed assets21/28 | - | - | €46,317 | €35,709 | €29,087 | ▼ 18.5% |
| Tangible fixed assets22/27 | - | - | €46,317 | €35,709 | €29,087 | ▼ 18.5% |
| Furniture and vehicles24 | - | - | €46,317 | €35,709 | €29,087 | ▼ 18.5% |
| Current assets29/58 | €211,457 | €379,839 | €387,606 | €485,461 | €452,971 | ▼ 6.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €53,333 | - |
| Trade receivables290 | - | - | - | - | €53,333 | - |
| Amounts receivable within one year40/41 | €23,024 | €15,623 | €26,342 | €18,062 | €63,279 | ▲ 250% |
| Trade receivables40 | - | €0 | €15,261 | €16,795 | €5,640 | ▼ 66.4% |
| Other amounts receivable41 | - | €15,623 | €11,081 | €1,267 | €57,639 | ▲ 4,450% |
| Current investments50/53 | - | - | - | €300,000 | €200,000 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €188,433 | €364,216 | €361,264 | €167,399 | €136,359 | ▼ 18.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,457 | €379,839 | €433,922 | €521,170 | €482,058 | ▼ 7.5% |
| Equity10/15 | €207,333 | €357,170 | €420,677 | €507,043 | €466,723 | ▼ 8.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €188,733 | €338,570 | €402,077 | €488,443 | €488,443 | = |
| Distributable reserves133 | - | €338,570 | €402,077 | €488,443 | €488,443 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€40,320 | - |
| Amounts payable17/49 | €4,125 | €22,670 | €13,246 | €14,127 | €15,335 | ▲ 8.6% |
| Amounts payable within one year42/48 | €4,125 | €22,670 | €13,246 | €14,127 | €15,335 | ▲ 8.6% |
| Trade debts44 | €21 | €17 | €3,124 | €823 | €1,081 | ▲ 31.3% |
| Suppliers440/4 | - | €17 | €3,124 | €823 | €1,081 | ▲ 31.3% |
| Taxes, remuneration and social security45 | - | €22,653 | €10,122 | €11,054 | €12,004 | ▲ 8.6% |
| Taxes450/3 | - | €17,650 | €7,277 | €11,054 | €5,707 | ▼ 48.4% |
| Remuneration and social security454/9 | - | €5,003 | €2,845 | €0 | €6,296 | - |
| Other amounts payable47/48 | - | - | - | €2,250 | €2,250 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,227 | €149,837 | €63,507 | €86,367 | -€40,320 | ▼ 147% |
| + Depreciation and write-downs630 | - | - | €6,723 | €10,608 | €10,942 | ▲ 3.1% |
| Operating cash flow (approximation) | €91,227 | €149,837 | €70,230 | €96,975 | -€29,378 | ▼ 130% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€4,320 | - |
| Change in cash | - | €175,783 | -€2,953 | -€193,865 | -€31,040 | ▲ 84.0% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€40,320
Net result drops to -€40,320, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
15-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
08-02
State Gazette act
General meeting · Director reappointment
Mandate compensation · Board meeting
2023
31-12
Financial
Equity above €500,000Eq €507,043 ▲20.5%
5 profitable years in a row build equity to €507,043.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €149,837 ▲64.2%
Operating result €213,241, net result €149,837, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 51.27
Current ratio from 19.41 to 51.27; short-term debt falls from €6,308 to €4,125.
31-12
Financial
Equity above €200,000Eq €207,333 ▲78.6%
2 profitable years in a row build equity to €207,333.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
05-11
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2018
Ground area
183 m²
Building footprint
70 m²
Volume, LiDAR
945 m³
Parcel 44804D3652/00Z005, Flanders · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Wolspin
since 20182.278.277.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D3652/00Z005 | Flanders | 183 m² | 1 · 70 m² | 16.9 m · 5 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,648 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
Founded28-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
63920Other information service activities
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698907863
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.