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Wonka Projects

Active
Private limited companyfounded 1971active for 54 yearsTer Platen 92, 9000 Gent, BelgiumKBO/BCE: BE 0411.674.334

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 31-07-2026 at the NBB all 48 filings

Turnover
≈ €45,000
Estimated: probably between €21,000 and €93,000
Total assets
€14,932▼ 50.0%
2024 · €29,888
Net result
€5,115▼ 19.6%
2024 · €6,361
Working capital
€400▼ 42.1%
2024 · €692
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 20% lower than in 2024 and the lowest since 2021. It is the third fall in a row.

Operating result€7,191 2025 Net result€5,115 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€23,901-€4,869▼ 79.6%-€34,075€11,119€16,916▲ 52.1%€12,872▼ 23.9%€9,044▼ 29.7%€7,191▼ 20.5%
Net result€15,402-€6,891▼ 55.3%-€34,741below the sector's middle half€14,458within the sector's middle half€18,286within the sector's middle half▲ 26.5%€8,557within the sector's middle half▼ 53.2%€6,361within the sector's middle half▼ 25.7%€5,115within the sector's middle half▼ 19.6%
Equity€104,666-€101,556▼ 3.0%€66,815below the sector's middle half▼ 34.2%€81,273below the sector's middle half▲ 21.6%€99,559below the sector's middle half▲ 22.5%-€1,306below the sector's middle half€2,555below the sector's middle half€4,820below the sector's middle half▲ 88.7%
Total assets€343,772-€209,536▼ 39.0%€145,610below the sector's middle half▼ 30.5%€151,240below the sector's middle half▲ 3.9%€169,757below the sector's middle half▲ 12.2%€116,429below the sector's middle half▼ 31.4%€29,888below the sector's middle half▼ 74.3%€14,932below the sector's middle half▼ 50.0%
Debt€239,106-€107,979▼ 54.8%€78,795▼ 27.0%€69,967▼ 11.2%€70,197▲ 0.3%€117,735▲ 67.7%€27,333▼ 76.8%€10,112▼ 63.0%
Working capital€127,263-€116,975▼ 8.1%€51,348within the sector's middle half▼ 56.1%€67,778within the sector's middle half▲ 32.0%€88,567within the sector's middle half▲ 30.7%-€2,678within the sector's middle half€692below the sector's middle half€400within the sector's middle half▼ 42.1%
Solvency30.4%-48.5%▲ 18.0pp45.9%within the sector's middle half▼ 2.6pp53.7%within the sector's middle half▲ 7.9pp58.6%within the sector's middle half▲ 4.9pp-1.1%below the sector's middle half▼ 59.8pp8.5%below the sector's middle half▲ 9.7pp32.3%within the sector's middle half▲ 23.7pp
Current ratio1.62-2.46▲ 0.841.66within the sector's middle half▼ 0.811.97within the sector's middle half▲ 0.312.26within the sector's middle half▲ 0.290.98within the sector's middle half▼ 1.281.03below the sector's middle half▲ 0.051.04within the sector's middle half▲ 0.01
Return on assets (ROA)4.5%-3.3%▼ 1.2pp-23.9%below the sector's middle half▼ 27.1pp9.6%within the sector's middle half▲ 33.4pp10.8%within the sector's middle half▲ 1.2pp7.3%within the sector's middle half▼ 3.4pp21.3%within the sector's middle half▲ 13.9pp34.3%above the sector's middle half▲ 13.0pp
Staff (FTE)1.7-1.5▼ 11.8%1.2within the sector's middle half▼ 20.0%0.4below the sector's middle half▼ 66.7%0.4below the sector's middle half=0.3within the sector's middle half▼ 25.0%
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,932
Fixed assets €4,420 ▲ 73.8%
Current assets €10,513 ▼ 61.6%
Equity and liabilities €14,932
Equity €4,820 ▲ 88.7%
Debt €10,112 ▼ 63.0%
Debt's share of the balance-sheet total falls from 91.5% to 67.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€8,679▼
2024 · €9,974
Cash flow
€6,604▼
2024 · €7,290
Debt to equity
2.10▼
2024 · 10.70
ROE
106.1%▼
2024 · 249.0%
Interest coverage
48.06▼
2024 · 64.11
Debt ≤ 1 year
€10,112▼
2024 · €26,653
Income taxes
€1,896▼
2024 · €2,553
Staff costs
€0▼
2024 · €1,274
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-2023
Employees at the balance-sheet date11-
full-time00-
part-time11-
in full-time equivalents0.40.4-
Average over the year, in full-time equivalents0.40.40.3
On a permanent contract11-
Joined--0
Left--1

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€0-€1,805€2,101€3,365
Intangible fixed assets€0----
Financial fixed assets€0----
Depreciation and write-downs of the year€2,713€2,503€772€930€1,488

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2025 · 1 entry · €396 awarded · €396 paid
Schemes
1 entry · €396 · €396 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as Wonka Projects: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €10,300 and €26,800, founded between 1985 and 1991.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
Wonka Projects Gent1971€14,932€4,820€9,875-€5,1152025
Medicom Declercq et Cie Zaventem1985€12,754-€2,482€11,022-€7,8382025
GREMIUM Ninove1990€10,332-€19,288€8,666-€4,3512025
GRAFFITI Stekene1986€26,805-€37,202€7,335--€1,9422025
VERTIGO Knokke-Heist1985€23,080€12,618€10,554€87,666€5402025
MANAGEMENT TRAINING TEAM Leuven1987€23,862€7,599€9,966-€8,8642025
SIMAD Virton1991€14,399-€130,139€12,528-€2,6422025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 31,368 companies had the same profile as Wonka Projects has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Wonka Projects itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for Wonka Projects. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€29,888€14,932▼
Fixed assets21/28€2,543€4,420▲
Tangible fixed assets22/27€2,543€4,420▲
Furniture and vehicles24€2,543€4,420▲
Current assets29/58€27,345€10,513▼
Amounts receivable within one year40/41€9,561€6,805▼
Trade receivables40€8,751€6,088▼
Other amounts receivable41€810€717▼
Cash at bank and in hand54/58€17,784€3,618▼
Deferred charges and accrued income490/1€0€90▲
Equity and liabilities
Total equity and liabilities10/49€29,888€14,932▼
Equity10/15€2,555€4,820▲
Contributions10/11€592€592=
Reserves13€1,963€4,228▲
Distributable reserves133€1,963€4,228▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€27,333€10,112▼
Amounts payable within one year42/48€26,653€10,112▼
Trade debts44€1,163€2,059▲
Suppliers440/4€1,163€2,059▲
Taxes, remuneration and social security45€14,352€5,056▼
Taxes450/3€11,006€5,056▼
Remuneration and social security454/9€3,346€0▼
Other amounts payable47/48€11,138€2,997▼
Accrued charges and deferred income492/3€680€0▼
Income statement Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1,274€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€930€1,488▲
Other operating charges640/8€713€1,196▲
Non-recurring operating charges66A€0-
Gross operating margin9900€11,961€9,875▼
Operating profit (loss)9901€9,044€7,191▼
Financial income75/76B€25€1▼
Recurring financial income75€25€1▼
Financial charges65/66B€156€181▲
Recurring financial charges65€156€181▲
Profit (loss) for the period before taxes9903€8,914€7,011▼
Income taxes67/77€2,553€1,896▼
Profit (loss) for the period9904€6,361€5,115▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€6,361€5,115▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,463€5,115▲
Profit (loss) brought forward from the previous period14P-€1,898€0▲
Transfer from equity791/2€0-
Transfer to equity691/2€1,963€2,265▲
To other reserves6921€1,963€2,265▲
Profit to be distributed694/7€2,500€2,850▲
Return on contributions (dividend)694€2,500€2,850▲

The notes to these accounts have 6 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-----€38,925€0--
Remuneration, social security and pensions62---€19,260€20,926€14,095€1,274€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,796€2,017€1,733€2,713€2,503€772€930€1,488▲ 60.1%
Other operating charges640/8---€1,209€675€1,421€713€1,196▲ 67.8%
Non-recurring operating charges66A-----€304€0--
Gross operating margin9900€66,740€54,277€9,648€34,300€41,020€29,464€11,961€9,875▼ 17.4%
Operating profit (loss)9901€23,901€4,869-€34,075€11,119€16,916€12,872€9,044€7,191▼ 20.5%
Financial income75/76B---€3,556€3,433€1,505€25€1▼ 97.6%
Recurring financial income75€8,092€6,100€2,000€3,556€3,433€1,505€25€1▼ 97.6%
Financial charges65/66B---€216€117€130€156€181▲ 16.1%
Recurring financial charges65€7,604€2,790€2,667€216€117€130€156€181▲ 16.1%
Profit (loss) for the period before taxes9903€24,389€8,180-€34,741€14,458€20,232€14,247€8,914€7,011▼ 21.3%
Income taxes67/77€8,987€1,289€0€0€1,946€5,690€2,553€1,896▼ 25.8%
Profit (loss) for the period9904€15,402€6,891-€34,741€14,458€18,286€8,557€6,361€5,115▼ 19.6%
Transfer from tax-exempt reserves789-----€4,023€0--
Profit (loss) for the period to be appropriated9905€15,402€6,891-€34,741€14,458€18,286€12,580€6,361€5,115▼ 19.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€343,772€209,536€145,610€151,240€169,757€116,429€29,888€14,932▼ 50.0%
Fixed assets21/28€12,695€12,647€16,227€13,495€10,992€1,372€2,543€4,420▲ 73.8%
Tangible fixed assets22/27€12,676€12,628€16,208€13,495€10,992€1,372€2,543€4,420▲ 73.8%
Plant, machinery and equipment23---€11,457€10,349€0---
Furniture and vehicles24---€2,038€643€1,372€2,543€4,420▲ 73.8%
Financial fixed assets28€19€19€19€0-----
Current assets29/58€331,077€196,889€129,384€137,745€158,764€115,057€27,345€10,513▼ 61.6%
Stocks and contracts in progress3€83,457€90,282€83,541€65,499€107,244€0---
Stocks30/36---€65,499€107,244€0---
Amounts receivable within one year40/41€229,866€85,673€23,244€40,126€22,902€20,913€9,561€6,805▼ 28.8%
Trade receivables40---€39,295€22,902€19,139€8,751€6,088▼ 30.4%
Other amounts receivable41---€831€0€1,773€810€717▼ 11.4%
Cash at bank and in hand54/58€17,754€18,062€17,814€30,765€27,120€92,519€17,784€3,618▼ 79.7%
Deferred charges and accrued income490/1---€1,355€1,499€1,626€0€90-
Equity and liabilities
Total equity and liabilities10/49€343,772€209,536€145,610€151,240€169,757€116,429€29,888€14,932▼ 50.0%
Equity10/15€104,666€101,556€66,815€81,273€99,559-€1,306€2,555€4,820▲ 88.7%
Contributions10/11€18,592€18,592-€18,592€18,592€592€592€592=
Reserves13€69,368€69,368€48,223€62,681€80,967€0€1,963€4,228▲ 115%
Non-distributable reserves130/1---€0-----
Reserves not available under the articles1311---€0-----
Tax-exempt reserves132---€4,023€4,023€0---
Distributable reserves133---€58,658€76,944€0€1,963€4,228▲ 115%
Profit (loss) carried forward14€16,705€13,596€0---€1,898€0€0-
Amounts payable17/49€239,106€107,979€78,795€69,967€70,197€117,735€27,333€10,112▼ 63.0%
Amounts payable after more than one year17€28,456€25,686€0------
Amounts payable within one year42/48€203,814€79,914€78,035€69,967€70,197€117,735€26,653€10,112▼ 62.1%
Current portion of amounts payable after more than one year42---€0-----
Trade debts44€57,681€34,646€32,566€10,405€13,292€3,426€1,163€2,059▲ 77.0%
Suppliers440/4---€10,405€13,292€3,426€1,163€2,059▲ 77.0%
Taxes, remuneration and social security45---€20,422€24,579€7,081€14,352€5,056▼ 64.8%
Taxes450/3---€19,006€23,143€1,946€11,006€5,056▼ 54.1%
Remuneration and social security454/9---€1,415€1,436€5,135€3,346€0▼ 100%
Other amounts payable47/48---€39,139€32,327€107,228€11,138€2,997▼ 73.1%
Accrued charges and deferred income492/3---€0--€680€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€15,402€6,891-€34,741€14,458€18,286€8,557€6,361€5,115▼ 19.6%
+ Depreciation and write-downs630€1,796€2,017€1,733€2,713€2,503€772€930€1,488▲ 60.1%
Operating cash flow (approximation)€17,198€8,908-€33,008€17,171€20,789€9,329€7,290€6,604▼ 9.4%
Investment in fixed assets (approximation)--€1,969-€5,313€19€0€8,848-€2,101-€3,365▼ 60.1%
Change in cash-€308-€248€12,952-€3,646€65,399-€74,735-€14,166▲ 81.0%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 48 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 31-07-2026 2026-00368358 NBB
31-12-2024 micro format 12-06-2025 2025-00138717 PDF
31-12-2023 abbreviated format 29-08-2024 2024-00400326 PDF
31-12-2022 abbreviated format 21-08-2023 2023-00338035 PDF
31-12-2021 abbreviated format 26-07-2022 2022-20224170 PDF
30-11-2020 abbreviated format 30-06-2021 2021-27900229 PDF
30-11-2019 abbreviated format 25-06-2020 2020-21000454 PDF
30-11-2018 abbreviated format 28-06-2019 2019-24900104 PDF
30-11-2017 micro format 24-05-2018 2018-13600368 PDF
30-11-2016 abbreviated format 08-06-2017 2017-16000031 PDF

Show all 48 filings

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