Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Of this, €2.9m falls due within a year.
In 2025, 24 people joined and 24 left.
Latest accounts filed late: after the legal deadline.
Lower net result than 95% of companies in retail trade. Sector median €39,880 · 5,067 companies.
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 47, small). It does better than 8% of them on solvency, 30% on liquidity, 11% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 1,251 companies had the same profile as WONKA has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WONKA itself is higher: 2.6% within 12 months. It rests on far more data about WONKA than the profile alone.
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 1,251 companies, not a prediction for WONKA. 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.
Liquidity is insufficient, with a current ratio of 0.71 (0.89 in 2024), below 1. Short-term debt is 60% and cash 8.5% of total assets. Equity is negative.
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.
The company filed its last 3 accounts on average 91 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
These companies have the same main activity as WONKA: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €4.2m and €4.8m, founded in 2023.
WONKA has existed since 2023. The present size dates from 2024. The gross margin rose that year from €603,514 to €1.3m.
Solvency fell in 2025 from 1.1% to -6.6% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €11.0m. Estimated: probably between €6.9m and €14.0m.
Higher than 10% of 5,068 companies in 2025.
Higher than 13% of 4,994 companies in 2025.
Higher than 12% of 5,037 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 24 people joined and 24 left.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
4.8m | 5.3m | 2.5m | |
20 |
4,601 | 6,001 | - | |
21/28 |
2.8m | 2.9m | 129,744 | |
21 |
138,012 | 162,850 | - | |
22/27 |
2.6m | 2.7m | 121,177 | |
23 |
967,178 | 1.0m | 116,823 | |
24 |
676,374 | 661,617 | - | |
26 |
967,809 | 1.0m | 4,354 | |
28 |
3,630 | 2,130 | 8,567 | |
29/58 |
2.0m | 2.4m | 2.4m | |
3 |
657,393 | 799,496 | 660,372 | |
30/36 |
657,393 | 799,496 | 660,372 | |
40/41 |
768,189 | 941,312 | 827,699 | |
40 |
718,996 | 857,210 | 822,007 | |
41 |
49,193 | 84,103 | 5,693 | |
54/58 |
405,633 | 653,501 | 921,193 | |
490/1 |
197,979 | 9,048 | 5,222 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
4.8m | 5.3m | 2.5m | |
10/15 |
-315,191 | 58,848 | 99,808 | |
10/11 |
100,000 | 100,000 | 100,000 | |
10 |
100,000 | 100,000 | 100,000 | |
100 |
100,000 | 100,000 | 100,000 | |
14 |
-415,191 | -41,152 | -192 | |
17/49 |
5.1m | 5.2m | 2.4m | |
17 |
2.1m | 2.5m | 909,274 | |
170/4 |
2.1m | 2.4m | 909,274 | |
178/9 |
3,800 | 3,800 | - | |
42/48 |
2.9m | 2.7m | 1.5m | |
42 |
686,427 | 750,317 | 26,458 | |
44 |
1.9m | 1.7m | 1.4m | |
440/4 |
1.9m | 1.7m | 1.4m | |
45 |
261,191 | 238,606 | 74,673 | |
450/3 |
25,367 | 9,762 | 4,094 | |
454/9 |
235,823 | 228,843 | 70,578 | |
47/48 |
2,184 | - | 9,597 | |
492/3 |
127,964 | 50,000 | 60,886 | |
| Income statement | ||||
76A |
386,387 | 569,686 | 30,443 | |
9900 |
1.7m | 1.3m | 603,514 | |
62 |
1.3m | 1.1m | 580,628 | |
630 |
328,723 | 142,059 | 8,172 | |
640/8 |
138,964 | 28,894 | 14,711 | |
66A |
36,182 | 820 | 100 | |
9901 |
-97,929 | 58,795 | -96 | |
75/76B |
27,685 | 1,944 | 15,968 | |
75 |
27,685 | 1,944 | 15,968 | |
65/66B |
303,115 | 101,699 | 15,787 | |
65 |
281,932 | 101,513 | 15,787 | |
66B |
21,183 | 186 | - | |
9903 |
-373,359 | -40,960 | 84 | |
67/77 |
680 | - | 276 | |
9904 |
-374,039 | -40,960 | -192 | |
9905 |
-374,039 | -40,960 | -192 | |
| Appropriation of the result | ||||
9906 |
-415,191 | -41,152 | -192 | |
14P |
-41,152 | -192 | - | |
| Social balance sheet | ||||
9087 |
36.3 | 24.3 | 22.3 | |
Hours worked1013 |
52,486 | 29,154 | 13,326 | |
| Document | ||||
The notes to these accounts have 16 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 03-11-2026.
2025 annual accounts filed 95 days after the deadline. Filed on 3 November 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00603042.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 230,794 | 200,854 | 8,075 | ||
| -45,316 | 101,098 | 7,980 | ||
| 363,331 | 2.9m | 137,915 | ||
| -247,868 | -267,692 | - | ||
| -843,928 | -307,027 | 940,225 | ||
| -6.6% | 1.1% | 3.9% | ||
| 0.71 | 0.89 | 1.64 | ||
| 0.48 | 0.59 | 1.19 | ||
| - | 88.54 | 24.49 | ||
| - | -69.6% | -0.2% | ||
| -7.8% | -0.8% | 0.0% | ||
| 0.82 | 1.98 | 0.51 |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 41 | 41 | 28 |
| full-time | 17 | 14 | 9 |
| part-time | 24 | 27 | 19 |
| in full-time equivalents | 35.6 | 34.7 | 22.3 |
| 36.3 | 24.3 | 22.3 | |
| On a permanent contract | 40 | 39 | 28 |
| Joined | 24 | 23 | 30 |
| Left | 24 | 10 | 2 |
| Training hours | - | - | 6 |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €361,831 | €2.7m | €129,349 |
| Intangible fixed assets | - | €173,869 | - |
| Financial fixed assets | €1,500 | - | €8,567 |
| €328,723 | €142,059 | €8,172 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €97,929, after a profit of €58,795 in 2024. It is the lowest result since 2023.
Equity is negative. Debt (€5.1m) exceeds the balance-sheet total (€4.8m).
WONKA has no parent and no holdings in its annual accounts. BASSENGEHOLDING is the only director.
| SUSHI DELIGHT
establishment since 12-08-2024 · founded in 2021 |
total assets €813,296 (2025) 0775.764.626 |
| LA BRASSERIE
establishment since 12-10-1990 · founded in 1990 |
total assets €49,862 (2022) 0441.654.559 |
| NIL
registered office since 26-08-2024 |
founded in 2024 1012.780.265 |
| MEFOU via Degavre Cédric, no longer at MEFOU · Managing director · deed of 30-12-2022 founded in 1991 · group CARABE |
total assets €5.1m (2025) |
| DELICHASAMGO via Delphine Royen, at WONKA until 2024 · Director (not named in the articles) · deed of 06-04-2021 founded in 2021 |
total assets €189,726 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
WONKA was incorporated on 1 June 2023 as a public limited company by ITM BELGIUM and two natural persons, with a starting capital of €100,000.12 Since 2024, BASSENGEHOLDING has served as director.3 Total assets rose from €2.5m in 2023 to €4.8m in 2025 and headcount from 22.3 to 36.3 full-time equivalents.4
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Wonka SA registered office Chaussée de Theux 55, 4802 Verviers | 03-07-2023 | 2.346.525.713 | Bakery Retail with processing activity Fish shop Butcher's shop |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63036A0456/00H000 | 9,094 m² | 1 · 2,960 m² | 7.7 m · 1 |
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