Wow-effect
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Wow-effect has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206,926 and a net result of €38,201. Its solvency ranks better than 46% of 2,477 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 05-12-2017 Normal situation
- Legal form
- Private limited company
- Registered office
- Kapelseweg(LST) 129, 2811 Mechelen
- Activity
- Promotion and organisation of arts and performing arts events NACE 90391
- Establishment unit
- 2.270.418.028 2811 Mechelen, since 05-12-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €86,024
- ▲ 76.2%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €38,201
- ▲ 161%
- Equity
- €206,926
- ▲ 22.0%
- Total assets
- €466,965
- ▲ 113%
- Staff
- ≈ 0 FTE
- estimated
Why 95raises riskLast filed accounts filed 27 days latelowers riskSector: Arts creation and performing arts activities (NACE 90)Size: total assets €466,965Figures for financial year 2025 (filed 27-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 90, micro): better than 48% on solvency, 51% on liquidity, 60% on profitability and 71% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 23 days after the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00431391.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 27-08-2026
- Format
- micro format
- Reference
- 2026-00431391
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 191% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 90, Arts creation and performing arts activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,782 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96.7% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,782 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €4,121 | €1,161 | ▼ 71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,112 | €10,094 | ▼ 52.2% |
| Other operating charges640/8 | €1,365 | €868 | ▼ 36.4% |
| Non-recurring operating charges66A | - | €9,212 | - |
| Gross operating margin9900 | €48,832 | €86,024 | ▲ 76.2% |
| Operating profit (loss)9901 | €22,235 | €64,690 | ▲ 191% |
| Financial charges65/66B | €1,258 | €7,732 | ▲ 514% |
| Recurring financial charges65 | €1,258 | €7,732 | ▲ 514% |
| Profit (loss) for the period before taxes9903 | €20,977 | €56,958 | ▲ 172% |
| Income taxes67/77 | €6,324 | €18,757 | ▲ 197% |
| Profit (loss) for the period9904 | €14,652 | €38,201 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €14,652 | €38,201 | ▲ 161% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €218,903 | €466,965 | ▲ 113% |
| Fixed assets21/28 | €67,485 | €317,529 | ▲ 371% |
| Tangible fixed assets22/27 | €67,485 | €107,529 | ▲ 59.3% |
| Plant, machinery and equipment23 | €1,040 | €643 | ▼ 38.2% |
| Furniture and vehicles24 | €50,936 | €27,810 | ▼ 45.4% |
| Leasing and similar rights25 | - | €65,188 | - |
| Other tangible fixed assets26 | €15,508 | €13,888 | ▼ 10.4% |
| Financial fixed assets28 | - | €210,000 | - |
| Current assets29/58 | €151,418 | €149,437 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €13,918 | €908 | ▼ 93.5% |
| Trade receivables40 | €13,918 | €908 | ▼ 93.5% |
| Current investments50/53 | - | €100,000 | - |
| Cash at bank and in hand54/58 | €137,501 | €46,622 | ▼ 66.1% |
| Deferred charges and accrued income490/1 | €0 | €1,907 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €218,903 | €466,965 | ▲ 113% |
| Equity10/15 | €169,558 | €206,926 | ▲ 22.0% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €168,558 | €205,926 | ▲ 22.2% |
| Distributable reserves133 | €168,558 | €205,926 | ▲ 22.2% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €49,345 | €260,040 | ▲ 427% |
| Amounts payable after more than one year17 | €20,000 | €201,552 | ▲ 908% |
| Financial debts170/4 | €20,000 | €201,552 | ▲ 908% |
| Amounts payable within one year42/48 | €28,378 | €58,488 | ▲ 106% |
| Current portion of amounts payable after more than one year42 | €10,301 | €44,030 | ▲ 327% |
| Financial debts43 | - | €468 | - |
| Credit institutions430/8 | - | €468 | - |
| Trade debts44 | €1,655 | €1,329 | ▼ 19.7% |
| Suppliers440/4 | €1,655 | €1,329 | ▼ 19.7% |
| Taxes, remuneration and social security45 | €15,740 | €7,592 | ▼ 51.8% |
| Taxes450/3 | €14,927 | €7,592 | ▼ 49.1% |
| Remuneration and social security454/9 | €813 | €0 | ▼ 100% |
| Other amounts payable47/48 | €682 | €5,068 | ▲ 644% |
| Accrued charges and deferred income492/3 | €967 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14,652 | €38,201 | ▲ 161% |
| + Depreciation and write-downs630 | €21,112 | €10,094 | ▼ 52.2% |
| Operating cash flow (approximation) | €35,764 | €48,295 | ▲ 35.0% |
| Investment in fixed assets (approximation) | - | -€260,138 | - |
| Change in cash | - | -€90,879 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HOOGSTOEL Thomas |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, bestuursorgaan”“Behalve deze die wet of statuten aan algemene vergadering voorbehouden, mogelijkheid deel van bevoegdheden te delegeren”
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Onverminderd recht algemene vergadering om één of meerdere vereffenaars aan te duiden, bevoegdheden te omlijnen en vergoeding te bepalen…”
Articles of association, deed of 04-04-2024
Owners and capital
Capital and shareholders
- 04-04-2024 Converted to unavailable equity
Shares according to the articles of association
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100, gelijk recht in winstverdeling”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Aandelen moeten bij uitgifte worden volgestort, stortingsplicht”Other provision: “Toegang tot algemene vergadering, indien enkel stemrechten geschorst zijn mag nog steeds deelnemen zonder deelname aan stemming”Other provision: “Bestemming resultaat, elk aandeel recht op gelijk aandeel in winstverdeling”Liquidation distribution: “Goederen nog in natura voorhanden op dezelfde wijze verdeeld, na aanzuivering alle schulden, lasten en kosten vereffening of consignatie…”1 more provision in the deed, see the deed of 04-04-2024
Articles of association, deed of 04-04-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-04
Gazette deed
Resignation: HOOGSTOEL Thomas (beherende vennoot zaakvoerder)Appointment: HOOGSTOEL Thomas (director) · Auditor report · Legal-form conversion14 facts ▸
- General meeting, 26-03-2024
- Other provision, “vrijstelling voorlezing bestuursorgaanverslag, niet meer dan drie maand voor heden” (deed in Dutch)
- Other provision, “vrijstelling voorlezing accountantsverslag”, 25-03-2024 (deed in Dutch)
- Auditor report, EUR, “boekhoudkundig referentiestelsel in België” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Other provision, “behoud ondernemingsnummer, rechtspersonenregister” (deed in Dutch)
- Director resignation, HOOGSTOEL Thomas (beherende vennoot zaakvoerder)
- Director discharge, HOOGSTOEL Thomas
- Other provision, “goedkeuring statuten besloten vennootschap” (deed in Dutch)
- Other provision, “te publiceren artikels” (deed in Dutch)
- Director appointment, HOOGSTOEL Thomas (director)
- +2 further facts in this act
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose according to the articles of association
- Name clauseThe name the company operates under according to its articles.
- WOW-EFFECT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Articles of association, deed of 04-04-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12016D0145/00E002 | Flanders | 626 m² | 1 · 140 m² | 11.2 m · 2 |