Filings
49 annual accounts since 1977
Ten of the last ten came late. The 2022 accounts came latest: 575 days after the end of the period.
WORDEN
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €3.0m (2010)
-€7,122▼ €1,635
lowest -€1.2m (2019)
€41,106▼ 7.0%
peak €25.0m (2020)
€24.7m▲ 0.2%
€13.1m▲ 0.2%
peak 3 FTE (2006)
-not published
Board5 names since 2019
2 directorsAiry de Murga and 1 other
Owners3 names in the annual accounts
Documentsfilings and deeds
30-08-202630 days late
2025financial year
Gross margin from -€5,487 to -€7,122Cash from €9,536 to €4,458
Key points
from the 2025 annual accountsAt the same address
14 companies
Position in the sector
€24.7m
More equity than 89% of companies in head offices and management consultancy. Sector median €1.1m · 3,873 companies.
Checked score
86
Excellent
Financially stronger than 40% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 802 companies (NACE 70, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 0.5%▼ -0.6 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 1.4%▲ +0.9 percentage points vs 02-2025
04-2025: 1.2%▼ -0.2 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.8%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.0%▼ -0.8 percentage points vs 08-2025
10-2025: 0.3%▼ -0.7 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.2%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.79, cash €4,458, halved
Last filed accounts filed 30 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €37.8m
Founded in 1936
Calculation
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 70, medium-sized). It does better than 55% of them on solvency, 35% on liquidity, 35% on profitability and 35% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Credit verdict
Credit of up to €2,100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.79 (2.79 in 2024), above the usual 1.5. Short-term debt is 14.4% and cash 0% of total assets. 34.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
30 days late
2024
54 days late
2023
379 days late
2022
575 days late
2021
31 days late
2020
41 days late
2019
152 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 180 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 September (4 of the last 5 accounts filed within 326 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Alaric de Murga 99.99%annual accounts 2017
- Chantal Bekaert 0.01%annual accounts 2017
Shares in 2 companies, Le Taillis des Aigles SAS and Société financière et industrielle pour la Fabrication de l'Acide carbonique pur et autres Produits alimentaires: L'Acide carbonique pur
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0402916620
Registered office moved to Brussels
New registered office: Drève des Tumuli, 21 1170 Bruxelles · Resignations: Alaric de Murga (director) and Alegria de Murga (director) · Appointment: Valérie Tremerie (director) · Board meeting of 08-09-2022 · Gazette deed
Amendment of the articles
“D'assurer auprès de ces entreprises des services tels que des bureaux d'études, d'organisation comptable et de…” (deed in French) · General meeting of 12-01-2022 · Gazette deed
3 directors reappointed
Alaric de Murga (managing director), Aiegria de Murga and Airy de Murga · General meeting of 21-05-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WORDEN Watermael-Boitsfort | €37.8m | -€7,122 | 65.3% | - |
| Belgocodex Lasne | €23.7m | -€103,202 | 64.6% | 1 |
| Gijbels Fruit Laakdal | €37.5m | -€754,748 | 95.1% | 2.7 |
| SOCIETE DU PONT NEUF Brussels | €21.2m | -€251,447 | 75.3% | - |
| MOLENS SINT MARTINUS - MOULINS SINT MARTIN Lennik | €29.3m | -€114,088 | 91.2% | - |
| ARTWALL Woluwe-Saint-Lambert | €31.9m | -€167,839 | 85.2% | 0.4 |
| Immo 3R Kapellen | €39.0m | -€4,859 | 93.2% | 0 |
These companies have the same main activity as WORDEN: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €21m and €39m, founded between 1956 and 1989.
Official details
Source: KBO- Status
- Active since 30-12-1936Normal situation
- Registered office
- 15 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.003.055.3441150 Woluwe-Saint-Pierre, since 22-04-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 28-01-2026
Insights on WORDEN
WORDEN has existed since 1936. The gross margin fell from €3.0m in 2010 to €173,387 in 2011.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WORDEN
- What is the company number of WORDEN?
- The company number of WORDEN is 0402.916.620. The VAT number is the same number with BE in front: BE 0402.916.620.
- Where is WORDEN based?
- The registered office is at Tumulidreef 21, 1170 Watermael-Boitsfort.Company details
- What does WORDEN do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of WORDEN?
- WORDEN is a public limited company (NV).
- When was WORDEN founded?
- WORDEN was founded on 30-12-1936.
- Is WORDEN still active?
- Yes, WORDEN is an active enterprise in the KBO register.
- How many employees does WORDEN have?
- WORDEN had an average of 0.2 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of WORDEN?
- The annual accounts for financial year 2025 state no turnover.
- Is WORDEN profitable?
- In financial year 2025, WORDEN made a profit of €41,106.
- Where can I find the annual accounts of WORDEN?
- WORDEN filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WORDEN due?
- WORDEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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