WREEZ
ActiveThe computed 12-month bankruptcy probability of WREEZ is 5.0% (elevated). The 2024 annual accounts show negative equity (€-95k) and a net result of €-42k. Equity is shrinking by ~95% per year across the filed fiscal years. Its solvency ranks better than 10% of 15868 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
14
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.61 in 2023; short-term debt: 172.7% and cash: 2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-72.7%
Return on assets
-32.3%
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-95k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
58 d late
2022
32 d late
2021
33 d late
2020
80 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€155k▲ 107%
2021 · €75k
2020: €18k
2021: €75k
2020 → 2023
EBIT margin
-17.0%▲ 6.2pp
2021 · -23.1%
2020: -47.0%
2021: -23.1%
2020 → 2023
Net result
€-42k▼ 56.8%
2023 · €-27k
2020: €-9k
2021: €-18k
2022: €-57k
2023: €-27k
2020 → 2024
Working capital
€-113k▼ 43.2%
2023 · €-79k
2020: €10k
2021: €-18k
2022: €-33k
2023: €-79k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€18k-€75k▲ 311%€155k
Equity€10k-€-7k€-26k▼ 249%€-53k▼ 104%€-95k▼ 80.1%
Operating result€-9k-€-17k▼ 102%€-56k▼ 224%€-26k▲ 53.1%€-42k▼ 59.3%
Net result€-9k-€-18k▼ 103%€-57k▼ 218%€-27k▲ 52.5%€-42k▼ 56.8%
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 €42k in 2024 against €26k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€18k▼ 32.0%
Current assets
€113k▼ 8.2%
Key figures and ratios
EBITDA
€-34k▼
2023 · €-22k
Cash flow
€-34k▼
2023 · €-23k
Solvency
-72.7%▼
2023 · -35.4%
Current ratio
0.50▼
2023 · 0.61
Quick ratio
0.02▼
2023 · 0.08
Debt / equity
-2.38▲
2023 · -3.83
ROA
-32.3%▼
2023 · -18.1%
Interest coverage
-98.32▼
2023 · -34.91
Debt
€226k▲
2023 · €202k
Debt ≤ 1 year
€226k▲
2023 · €202k
Staff costs
€17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€149k€131k▼
Fixed assets21/28€26k€18k▼
Tangible fixed assets22/27€16k€8k▼
Furniture and vehicles24€16k€8k▼
Financial fixed assets28€10k€10k=
Current assets29/58€123k€113k▼
Stocks and contracts in progress3€108k€108k=
Stocks30/36€108k€108k=
Amounts receivable within one year40/41€9k€3k▼
Trade receivables40€9k€3k▼
Cash at bank and in hand54/58€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€149k€131k▼
Equity10/15€-53k€-95k▼
Contributions10/11€57k€57k=
Profit (loss) carried forward14€-110k€-152k▼
Amounts payable17/49€202k€226k▲
Amounts payable within one year42/48€202k€226k▲
Trade debts44€171k€144k▼
Suppliers440/4€171k€144k▼
Taxes, remuneration and social security45€31k€45k▲
Taxes450/3€27k€30k▲
Remuneration and social security454/9€4k€15k▲
Other amounts payable47/48-€37k
Income statement
Code20232024
Turnover70€155k-
Non-recurring operating income76A€4k-
Goods, raw materials, services and sundry goods60/61€180k-
Remuneration, social security and pensions62-€17k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲
Other operating charges640/8€735€76▼
Gross operating margin9900€-22k€-16k▲
Operating profit (loss)9901€-26k€-42k▼
Financial charges65/66B€639€342▼
Recurring financial charges65€639€342▼
Profit (loss) for the period before taxes9903€-27k€-42k▼
Profit (loss) for the period9904€-27k€-42k▼
Profit (loss) for the period to be appropriated9905€-27k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€-152k▼
Profit (loss) brought forward from the previous period14P€-83k€-110k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 80 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brogniezstraat 871070 AnderlechtGround area
121 m²
Building footprint
114 m²
Volume, LiDAR
1,676 m³
2 parcels, Brussels · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Brogniezstraat 85, 1070 Anderlecht
since 20192.297.010.577
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0209/00Z020 | Brussels | 64 m² | 1 · 65 m² | 17.0 m · 5 fl. |
| 21305B0209/00E012 | Brussels | 57 m² | 1 · 49 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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BE 0687.487.005
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KS Projecten
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BE 0479.949.664
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Of 977 companies in sector 46431 we hold annual accounts for 705. 204 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2019
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
47559Retail sale of other household articles
47599Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.