WOUTER DENEWETH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 7 filings
Equity
-€6,656
2024 · €8,171
Net result
-€14,827
2024 · €3,222
Total assets
€164,410▲ 80.7%
2024 · €90,975
Solvency
-4.0%▼ 13.0pp
2024 · 9.0%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€12,744
2025
20192025
Net result
-€14,827
2025
lowest quarter of the sector
20192025
Equity
-€6,656
2025
lowest quarter of the sector
20192025
Total assets
€164,410
▲ 80.7%
2025
middle half of the sector
20192025
Debt
€171,066
▲ 107%
2025
20192025
Working capital
-€39,770
▼ 192%
2025
lowest quarter of the sector
20192025
Solvency
-4.0%
▼ 13.0pp
2025
lowest quarter of the sector
20192025
Current ratio
0.65
▼ 0.14
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-9.0%
▼ 12.6pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€5,658-€28,207€18,990▼ 32.7%-€4,275-€38,397▼ 798%€3,988-€12,744
Net result-€6,863-€21,350within the sector's middle half€13,809within the sector's middle half▼ 35.3%-€4,441below the sector's middle half-€38,907below the sector's middle half▼ 776%€3,222below the sector's middle half-€14,827below the sector's middle half
Equity€13,137-€34,487below the sector's middle half▲ 163%€48,296below the sector's middle half▲ 40.0%€43,856within the sector's middle half▼ 9.2%€4,949below the sector's middle half▼ 88.7%€8,171below the sector's middle half▲ 65.1%-€6,656below the sector's middle half
Total assets€218,650-€241,973below the sector's middle half▲ 10.7%€144,434below the sector's middle half▼ 40.3%€70,811below the sector's middle half▼ 51.0%€90,128below the sector's middle half▲ 27.3%€90,975below the sector's middle half▲ 0.9%€164,410within the sector's middle half▲ 80.7%
Debt€205,513-€207,486▲ 1.0%€96,137▼ 53.7%€26,955▼ 72.0%€85,179▲ 216%€82,805▼ 2.8%€171,066▲ 107%
Working capital-€63,894--€65,077below the sector's middle half▼ 1.9%€47,191within the sector's middle half€43,001within the sector's middle half▼ 8.9%-€14,032below the sector's middle half-€13,603below the sector's middle half▲ 3.1%-€39,770below the sector's middle half▼ 192%
Solvency6.0%-14.3%below the sector's middle half▲ 8.2pp33.4%within the sector's middle half▲ 19.2pp61.9%within the sector's middle half▲ 28.5pp5.5%below the sector's middle half▼ 56.4pp9.0%below the sector's middle half▲ 3.5pp-4.0%below the sector's middle half▼ 13.0pp
Current ratio0.23-0.39below the sector's middle half▲ 0.171.49within the sector's middle half▲ 1.102.60within the sector's middle half▲ 1.110.74below the sector's middle half▼ 1.850.80below the sector's middle half▲ 0.050.65below the sector's middle half▼ 0.14
Return on assets (ROA)-3.1%-8.8%within the sector's middle half▲ 12.0pp9.6%within the sector's middle half▲ 0.7pp-6.3%below the sector's middle half▼ 15.8pp-43.2%below the sector's middle half▼ 36.9pp3.5%within the sector's middle half▲ 46.7pp-9.0%below the sector's middle half▼ 12.6pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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 operating result for 2025 is a loss of €12,744, after a profit of €3,988 in 2024.
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 €164,410
Fixed assets
€89,866 ▲ 137%
Current assets
€74,544 ▲ 40.3%
Equity and liabilities
Equity-€6,656
Debt€171,066
Equity is negative. Debt (€171,066) exceeds the balance-sheet total (€164,410).
Key figures and ratios
Debt ≤ 1 year
€114,313▲
2024 · €66,717
Debt > 1 year
€56,549▲
2024 · €15,387
Income taxes
€85
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Carrying value of the other pledged assets | - | - | - | - | €63,517 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,213 | - | €56,350 | - | €74,726 |
| Depreciation and write-downs of the year | €76 | €243 | €7,869 | €11,513 | €22,721 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,000 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €76 | €243 | €7,869 | €11,513 | €22,721 | ▲ 97.4% |
| Other operating charges640/8 | - | - | €514 | €515 | €561 | €576 | €593 | ▲ 2.9% |
| Gross operating margin9900 | -€5,311 | €28,718 | €19,580 | -€3,518 | -€29,967 | €16,077 | €10,570 | ▼ 34.3% |
| Operating profit (loss)9901 | -€5,658 | €28,207 | €18,990 | -€4,275 | -€38,397 | €3,988 | -€12,744 | - |
| Financial income75/76B | - | - | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | €0 | - | - |
| Financial charges65/66B | - | - | €1,752 | €165 | €509 | €767 | €1,997 | ▲ 161% |
| Recurring financial charges65 | €1,205 | €1,424 | €1,752 | €165 | €509 | €767 | €1,997 | ▲ 161% |
| Profit (loss) for the period before taxes9903 | -€6,863 | €26,782 | €17,238 | -€4,441 | -€38,907 | €3,222 | -€14,742 | - |
| Income taxes67/77 | - | €5,433 | €3,428 | €0 | - | - | €85 | - |
| Profit (loss) for the period9904 | -€6,863 | €21,350 | €13,809 | -€4,441 | -€38,907 | €3,222 | -€14,827 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,863 | €21,350 | €13,809 | -€4,441 | -€38,907 | €3,222 | -€14,827 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €218,650 | €241,973 | €144,434 | €70,811 | €90,128 | €90,975 | €164,410 | ▲ 80.7% |
| Fixed assets21/28 | €200,000 | €200,000 | €1,136 | €894 | €49,374 | €37,862 | €89,866 | ▲ 137% |
| Tangible fixed assets22/27 | - | - | €1,136 | €894 | €49,374 | €37,862 | €89,866 | ▲ 137% |
| Plant, machinery and equipment23 | - | - | €1,136 | €894 | €49,374 | €37,862 | €26,349 | ▼ 30.4% |
| Furniture and vehicles24 | - | - | - | - | - | - | €63,517 | - |
| Financial fixed assets28 | €200,000 | €200,000 | - | - | - | - | - | - |
| Current assets29/58 | €18,650 | €41,973 | €143,298 | €69,917 | €40,754 | €53,114 | €74,544 | ▲ 40.3% |
| Stocks and contracts in progress3 | - | - | - | - | €6,600 | €5,940 | €9,100 | ▲ 53.2% |
| Stocks30/36 | - | - | - | - | €6,600 | €5,940 | €9,100 | ▲ 53.2% |
| Amounts receivable within one year40/41 | €14,160 | €28,591 | €5,382 | €6,065 | €10,985 | €15 | €34,779 | ▲ 2,300× |
| Trade receivables40 | - | - | €4,538 | €6,050 | €10,970 | €0 | €34,764 | - |
| Other amounts receivable41 | - | - | €845 | €15 | €15 | €15 | €15 | = |
| Cash at bank and in hand54/58 | €4,490 | €13,382 | €137,810 | €63,852 | €23,169 | €47,158 | €29,640 | ▼ 37.1% |
| Deferred charges and accrued income490/1 | - | - | €105 | €0 | - | - | €1,024 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €218,650 | €241,973 | €144,434 | €70,811 | €90,128 | €90,975 | €164,410 | ▲ 80.7% |
| Equity10/15 | €13,137 | €34,487 | €48,296 | €43,856 | €4,949 | €8,171 | -€6,656 | - |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €14,487 | €28,296 | €28,296 | €28,296 | €28,296 | €28,296 | = |
| Distributable reserves133 | - | - | €28,296 | €28,296 | €28,296 | €28,296 | €28,296 | = |
| Profit (loss) carried forward14 | -€6,863 | - | - | -€4,441 | -€43,347 | -€40,126 | -€54,952 | ▼ 37.0% |
| Amounts payable17/49 | €205,513 | €207,486 | €96,137 | €26,955 | €85,179 | €82,805 | €171,066 | ▲ 107% |
| Amounts payable after more than one year17 | €122,969 | €100,435 | - | - | €20,256 | €15,387 | €56,549 | ▲ 268% |
| Financial debts170/4 | - | - | - | - | €20,256 | €15,387 | €56,549 | ▲ 268% |
| Amounts payable within one year42/48 | €82,544 | €107,050 | €96,107 | €26,916 | €54,786 | €66,717 | €114,313 | ▲ 71.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4,744 | €4,869 | €18,000 | ▲ 270% |
| Trade debts44 | €723 | €55 | €10,870 | €515 | €62 | €0 | €12,637 | - |
| Suppliers440/4 | - | - | €10,870 | €515 | €62 | €0 | €12,637 | - |
| Taxes, remuneration and social security45 | - | - | €11,473 | €7,067 | €4,836 | €7,186 | €5,989 | ▼ 16.7% |
| Taxes450/3 | - | - | €11,473 | €7,067 | €4,836 | €7,186 | €5,989 | ▼ 16.7% |
| Other amounts payable47/48 | - | - | €73,763 | €19,335 | €45,145 | €54,662 | €77,687 | ▲ 42.1% |
| Accrued charges and deferred income492/3 | - | - | €31 | €39 | €10,137 | €701 | €204 | ▼ 70.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,863 | €21,350 | €13,809 | -€4,441 | -€38,907 | €3,222 | -€14,827 | - |
| + Depreciation and write-downs630 | - | - | €76 | €243 | €7,869 | €11,513 | €22,721 | ▲ 97.4% |
| Operating cash flow (approximation) | -€6,863 | €21,350 | €13,886 | -€4,198 | -€31,037 | €14,734 | €7,895 | ▼ 46.4% |
| Investment in fixed assets (approximation) | - | €0 | €198,787 | €0 | -€56,350 | €0 | -€74,726 | - |
| Change in cash | - | €8,892 | €124,428 | -€73,958 | -€40,683 | €23,990 | -€17,518 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00187236 | |
| 31-12-2024 | micro format | 14-10-2025 | 2025-00541570 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00478337 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00270876 | |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20235290 | |
| 31-12-2020 | abbreviated format | 28-10-2021 | 2021-74000448 | |
| 31-12-2019 | abbreviated format | 29-10-2020 | 2020-65400515 |