WOTAN
ActiveSummary
WOTAN has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76,463 and a net result of -€2,041. Equity is shrinking by ~2.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▲+2
Solvency41=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2023; short-term debt: 55.7% and cash: 0.1% of total assets), and 83.5% of the assets are financed with debt.
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Signals
Four 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
16.5%
Return on assets
-0.4%
Age of the figures
21 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 20-06-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
44 d early
2023
on the day
2022
30 d early
2021
2 d early
2020
on the day
2019
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€76,463▼ 2.6%
2023 · €78,504
Total assets
€464,818▼ 3.4%
2023 · €481,412
Net result
-€2,041▼ 46.9%
2023 · -€1,389
Working capital
-€257,841▼ 3.6%
2023 · -€248,769
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,510▼ 25.3%-€3,124▲ 30.7%€206-€1,593-€2,673▼ 67.8%
Net result-€6,739below the sector's middle half▼ 11.5%-€5,141below the sector's middle half▲ 23.7%-€377within the sector's middle half▲ 92.7%-€1,389within the sector's middle half▼ 269%-€2,041within the sector's middle half▼ 46.9%
Equity€85,411within the sector's middle half▼ 7.3%€80,270within the sector's middle half▼ 6.0%€79,893within the sector's middle half▼ 0.5%€78,504within the sector's middle half▼ 1.7%€76,463within the sector's middle half▼ 2.6%
Total assets€520,239above the sector's middle half▼ 3.0%€503,974above the sector's middle half▼ 3.1%€493,171above the sector's middle half▼ 2.1%€481,412above the sector's middle half▼ 2.4%€464,818above the sector's middle half▼ 3.4%
Debt€368,004▼ 1.8%€359,625▼ 2.3%€351,944▼ 2.1%€344,319▼ 2.2%€333,198▼ 3.2%
Working capital-€249,460below the sector's middle half▲ 4.4%-€242,154below the sector's middle half-€248,769below the sector's middle half▼ 2.7%-€257,841below the sector's middle half▼ 3.6%
Solvency16.4%within the sector's middle half▼ 0.8pp15.9%within the sector's middle half▼ 0.5pp16.2%within the sector's middle half▲ 0.3pp16.3%within the sector's middle half▲ 0.1pp16.5%within the sector's middle half▲ 0.1pp
Current ratio0.00below the sector's middle half=0.01below the sector's middle half0.01below the sector's middle half=0.00below the sector's middle half=
Return on assets (ROA)-1.3%within the sector's middle half▼ 0.2pp-1.0%within the sector's middle half▲ 0.3pp-0.1%within the sector's middle half▲ 0.9pp-0.3%within the sector's middle half▼ 0.2pp-0.4%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 stays negative: a loss of €2,673 in 2024 against €1,593 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €464,818
Fixed assets
€463,880 ▼ 3.2%
Current assets
€938 ▼ 55.6%
Equity and liabilities €464,818
Equity
€76,463 ▼ 2.6%
Provisions
€55,157 ▼ 5.9%
Debt
€333,198 ▼ 3.2%
Debt's share of the balance-sheet total rises from 71.5% to 71.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,748▲
2023 · €10,743
Cash flow
€13,380▲
2023 · €10,947
Debt to equity
4.36▼
2023 · 4.39
ROE
-2.7%▼
2023 · -1.8%
Interest coverage
4.55▲
2023 · 4.23
Debt ≤ 1 year
€258,779▲
2023 · €250,880
Debt > 1 year
€74,419▼
2023 · €93,440
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,214 | €15,891 | €12,336 | €12,336 | €15,420 | ▲ 25.0% |
| Other operating charges640/8 | - | €2,294 | €1,629 | €2,211 | €2,701 | ▲ 22.1% |
| Gross operating margin9900 | €13,281 | €15,061 | €14,171 | €12,955 | €15,449 | ▲ 19.3% |
| Operating profit (loss)9901 | -€4,510 | -€3,124 | €206 | -€1,593 | -€2,673 | ▼ 67.8% |
| Financial charges65/66B | - | €4,763 | €3,328 | €2,541 | €2,799 | ▲ 10.2% |
| Recurring financial charges65 | €4,974 | €4,763 | €3,328 | €2,541 | €2,799 | ▲ 10.2% |
| Profit (loss) for the period before taxes9903 | -€9,485 | -€7,886 | -€3,122 | -€4,134 | -€5,472 | ▼ 32.4% |
| Transfer from deferred taxes780 | - | €2,745 | €2,745 | €2,745 | €3,431 | ▲ 25.0% |
| Profit (loss) for the period9904 | -€6,739 | -€5,141 | -€377 | -€1,389 | -€2,041 | ▼ 46.9% |
| Transfer from tax-exempt reserves789 | - | €5,331 | €5,331 | €5,331 | €6,664 | ▲ 25.0% |
| Profit (loss) for the period to be appropriated9905 | -€1,408 | €190 | €4,954 | €3,942 | €4,623 | ▲ 17.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €520,239 | €503,974 | €493,171 | €481,412 | €464,818 | ▼ 3.4% |
| Fixed assets21/28 | €519,865 | €503,974 | €491,637 | €479,301 | €463,880 | ▼ 3.2% |
| Tangible fixed assets22/27 | €519,865 | €503,974 | €491,637 | €479,301 | €463,880 | ▼ 3.2% |
| Land and buildings22 | - | €503,974 | €491,637 | €479,301 | €463,880 | ▼ 3.2% |
| Current assets29/58 | €374 | - | €1,534 | €2,111 | €938 | ▼ 55.6% |
| Cash at bank and in hand54/58 | - | - | €1,534 | €1,655 | €590 | ▼ 64.3% |
| Deferred charges and accrued income490/1 | - | - | - | €456 | €348 | ▼ 23.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €520,239 | €503,974 | €493,171 | €481,412 | €464,818 | ▼ 3.4% |
| Equity10/15 | €85,411 | €80,270 | €79,893 | €78,504 | €76,463 | ▼ 2.6% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | - | €30,987 | - | - | - | - |
| Issued capital100 | - | €30,987 | - | - | - | - |
| Reserves13 | €131,772 | €126,441 | €121,110 | €115,779 | €109,115 | ▼ 5.8% |
| Non-distributable reserves130/1 | - | €718 | €718 | €718 | €718 | = |
| Legal reserve130 | - | €718 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €718 | €718 | €718 | = |
| Tax-exempt reserves132 | - | €124,444 | €119,113 | €113,782 | €107,118 | ▼ 5.9% |
| Distributable reserves133 | - | €1,279 | €1,279 | €1,279 | €1,279 | = |
| Profit (loss) carried forward14 | -€77,348 | -€77,158 | -€72,204 | -€68,262 | -€63,638 | ▲ 6.8% |
| Provisions and deferred taxes16 | €66,824 | €64,079 | €61,334 | €58,589 | €55,157 | ▼ 5.9% |
| Deferred taxes168 | - | €64,079 | €61,334 | €58,589 | €55,157 | ▼ 5.9% |
| Amounts payable17/49 | €368,004 | €359,625 | €351,944 | €344,319 | €333,198 | ▼ 3.2% |
| Amounts payable after more than one year17 | €118,170 | €101,569 | €108,257 | €93,440 | €74,419 | ▼ 20.4% |
| Financial debts170/4 | - | €101,569 | €108,257 | €93,440 | €74,419 | ▼ 20.4% |
| Amounts payable within one year42/48 | €249,834 | €258,056 | €243,687 | €250,880 | €258,779 | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €9,544 | €14,472 | €14,817 | €15,262 | ▲ 3.0% |
| Financial debts43 | - | €23,872 | - | - | - | - |
| Credit institutions430/8 | - | €23,872 | - | - | - | - |
| Trade debts44 | €1,448 | €826 | €122 | €719 | €387 | ▼ 46.1% |
| Suppliers440/4 | - | €826 | €122 | €719 | €387 | ▼ 46.1% |
| Other amounts payable47/48 | - | €223,815 | €229,094 | €235,344 | €243,130 | ▲ 3.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,739 | -€5,141 | -€377 | -€1,389 | -€2,041 | ▼ 46.9% |
| + Depreciation and write-downs630 | €16,214 | €15,891 | €12,336 | €12,336 | €15,420 | ▲ 25.0% |
| Operating cash flow (approximation) | €9,475 | €10,750 | €11,960 | €10,947 | €13,380 | ▲ 22.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €122 | -€1,065 | ▼ 976% |
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
Next filing, fiscal year 2026, expected by
2026
20-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€6,739
Net result drops to -€6,739, the lowest in the series; recovery starts the following year.
09-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 9 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 1987
Ground area
2,478 m²
Building footprint
407 m²
Volume, LiDAR
6,360 m³
2 parcels, Flanders · tallest building 23.0 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lippeveld 13, 9220 Hamme (Vl.)
since 19872.029.834.371
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D0929/00Y003 | Flanders | 1,934 m² | 1 · 272 m² | 23.0 m · 7 fl. |
| 42452C1196/00D000 | Flanders | 544 m² | 1 · 135 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,173 companies in this sector we hold annual accounts for 743. 460 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded01-08-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431668014
Also
9925:BE0431668014
Registered
28-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.