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WREEZ

Active Private limited companyfounded 2019active for 6 yearsBrogniezstraat 87, 1070 AnderlechtKBO/BCE: BE 0738.698.352

Overview

Lifetime

6 annual accounts with figures on one time axis
peak -€8,355 (2020)
-€13,343▲ €3,136
lowest -€56,694 (2022)
-€51,955▼ €9,707
peak €10,415 (2020)
-€146,946▼ €51,955
€252,138▲ 11.7%
Board1 name since 2019
1 directorOMARGEEL Sadiq
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from -€16,480 to -€13,343Loss of €51,955Equity from -€94,992 to -€146,946Cash from €2,627 to €5,967

Key points

from the 2025 annual accounts

Equity

-€146,946
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€204,410 in six years
-8,7552020-17,8082021-56,6942022-26,9512023-42,2472024-51,9552025

Every financial year from 2020 to 2025 closed with a loss. 2022 was the heaviest.

Debts

€252,138 240% of the balance sheet
Suppliers 54%Taxes and wages 30%Other 15%
2025 accounts filed 61 days after the deadlineTurnover not published (micro format)

Checked score

46
Fair
Financially stronger than 8% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 3.9% 01-2025: 3.9%● unchanged vs 12-2024 02-2025: 3.9%● unchanged vs 01-2025 03-2025: 3.8%▼ -0.1 percentage points vs 02-2025 04-2025: 3.8%● unchanged vs 03-2025 05-2025: 3.9%▲ +0.1 percentage points vs 04-2025 06-2025: 3.8%▼ -0.1 percentage points vs 05-2025 07-2025: 3.7%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: 4.2%▲ +0.5 percentage points vs 07-2025 09-2025: 4.6%▲ +0.4 percentage points vs 08-2025 10-2025: 6.0%▲ +1.4 percentage points vs 09-2025highest value 11-2025: 4.6%▼ -1.4 percentage points vs 10-2025 12-2025: 4.6%● unchanged vs 11-2025 01-2026: 4.6%● unchanged vs 12-2025 02-2026: 4.6%● unchanged vs 01-2026 03-2026: 4.1%▼ -0.5 percentage points vs 02-2026 04-2026: 4.1%● unchanged vs 03-2026 05-2026: 3.9%▼ -0.2 percentage points vs 04-2026 06-2026: 3.8%▼ -0.1 percentage points vs 05-2026 07-2026: 3.8%● unchanged vs 06-2026 08-2026: 4.6%▲ +0.8 percentage points vs 07-2026 09-2026: 5.0%▲ +0.4 percentage points vs 08-2026 10-2026: 3.8%▼ -1.2 percentage points vs 09-2026 11-2026: 3.8%● unchanged vs 10-2026

Financial strength
Weak

0=equity -139.7% of total assets
7+4short-term debt 239.7% · cash 5.7%
0=return on assets -49.4%

Score breakdown

raises risk
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
Loss of €51,955, the second in a row (financial year 2025)
Negative equity -€146,946
lowers risk
Size: total assets €105,191
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 46, micro). It does better than 6% of them on solvency, 9% on liquidity, 6% on profitability and 9% 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 moderate class on 30-06-2025, 2.4% 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).

Comparable companies, two years later

In July 2024, 6,008 companies had the same profile as WREEZ has now. Each dot stands for 16 companies, two years later.

83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.8% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of WREEZ itself: 3.8% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,008 companies, not a prediction for WREEZ. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.38 (0.5 in 2024), below 1. Short-term debt is 239.7% and cash 5.7% of total assets. Equity is negative.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €105,191
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €51,955, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€146,946
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€146,946
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 · 6 filings
Deviation from the deadline
2025
61 days late
2024
74 days late
2023
58 days late
2022
32 days late
2021
33 days late
2020
80 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 56 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 28 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

OS
Director
  • OMARGEEL Sadiq founderdeed of 05-12-2019
Board & ownership

Recent changes

Incorporation Founder: OMARGEEL Sadiq · Founding capital of €6,000, 100 shares · Appointment: OMARGEEL Sadiq (director) · published on 05-12-2019 · Gazette deed
First establishment Brogniezstraat 85, Anderlecht
All 9 events

Comparable companies

same main activity, similar in size and age
Company
WREEZ Anderlecht €105,191 -€13,343 -139.7% -
BVL Sambreville €105,098 -€182 27.5% -
FIRST SOLUTIONS COMPANY Braine-le-Comte €111,415 -€38,344 -68.2% -
Ciro-Home Geraardsbergen €201,339 -€13,369 92.7% 0
Sanremo België BV Bilzen-Hoeselt €48,117 -€10,366 97.1% -
DoeDoel Roeselare €70,727 €3,910 55.6% -
Elektro World Antwerp €41,265 -€17,833 -91.1% -

These companies have the same main activity as WREEZ: wholesale of electrical household appliances and audio-video equipment (NACE 46431). They are comparable in size and age: total assets between €41,300 and €201,000, founded between 2018 and 2021.

Official details

Source: KBO
Status
Active since 03-12-2019Normal situation
Activity
Wholesale of electrical household appliances and audio-video equipmentNACE 46431and 2 others
Establishment unit
2.297.010.5771070 Anderlecht, since 03-12-2019
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

-€13,343▲ 19.0%
€51,955▲ 23.0%
-€146,946▼ 54.7%
€105,191▼ 19.5%
≈ 0.8 FTEestimated
Filing
Filed on 30-09-2026
Financials

Insights on WREEZ

WREEZ files the micro format. That format states no turnover. The gross margin fell from -€8,355 in 2020 to -€13,343 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-09-2026, 61 days late
-€13,343
▲ €3,136
-€51,685
▼ €9,780
-€44,126
▼ €10,486
-€44,395
▼ €10,413
-139.7%
▼ 67.0 percentage points
0.38
▼ 0.12

Money flows

no detail for 2025

Balance sheet

balance sheet total €105,191 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-139.7%

Higher than 8% of 13,797 companies in 2025.

0.38

Higher than 10% of 13,178 companies in 2025.

-49.4%

Lower than 95% of 13,357 companies in 2025.

WREEZ Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 105,191130,727149,08689,739102,10667,635
21/28 10,00017,56025,8267,02511,025-
22/27 -7,56015,8267,02511,025-
24 -7,56015,8267,02511,025-
28 10,00010,00010,000---
29/58 95,191113,167123,26182,71491,08167,635
3 85,476107,604107,60479,97890,09865,392
30/36 85,476107,604107,60479,97890,09865,392
40/41 3,7492,9369,2562,223--
40 3,7492,9369,2562,223--
54/58 5,9672,6276,4015137112,243
490/1 ----272-
Balance sheet: equity and liabilities
10/49 105,191130,727149,08689,739102,10667,635
10/15 -146,946-94,992-52,744-25,793-7,39210,415
10/11 57,46357,46357,46357,46319,17019,170
14 -204,410-152,455-110,208-83,257-26,562-8,755
17/49 252,138225,719201,831115,532109,49857,220
42/48 252,138225,719201,831115,532109,49857,220
44 137,295144,353170,62597,28264,45835,976
440/4 137,295144,353170,62597,28264,45835,976
45 76,08644,61431,20618,25019,9402,757
450/3 30,99029,86427,00618,2507,9402,757
454/9 45,09614,7504,200-12,000-
47/48 38,75736,752--25,10018,486
Income statement
70 --155,093-74,88018,230
76A --3,576---
9900 -13,343-16,480-21,578-47,858-15,666-8,355
60/61 --180,246-92,04530,584
62 30,78217,084----
630 7,5608,2664,0004,000975-
640/8 -767354,297678222
9901 -51,685-41,905-26,312-56,155-17,319-8,577
75/76B ---01-
75 ---01-
65/66B 269342639539490178
65 269342639539490178
9903 -51,955-42,247-26,951-56,694-17,808-8,755
9904 -51,955-42,247-26,951-56,694-17,808-8,755
9905 -51,955-42,247-26,951-56,694-17,808-8,755
Appropriation of the result
9906 -204,410-152,455-110,208-83,257-26,562-8,755
14P -152,455-110,208-83,257-26,562-8,755-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00543588.

Financial year Type Filed Reference Document
31-12-2025 micro format 30-09-2026 2026-00543588 PDF
31-12-2024 micro format 13-10-2025 2025-00540700 PDF
31-12-2023 micro format 27-09-2024 2024-00476654 PDF
31-12-2022 micro format 01-09-2023 2023-00412343 PDF
31-12-2021 micro format 02-09-2022 2022-20425706 PDF
31-12-2020 micro format 19-10-2021 2021-72500480 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
-44,126-33,639-22,312-52,155-16,343-
-44,395-33,981-22,952-52,695-16,833-
017,56022,800012,000-
3,340-3,7745,888-199-1,532-
-156,946-112,551-78,570-32,818-18,41710,415
---17.0%--23.1%-47.0%
-139.7%-72.7%-35.4%-28.7%-7.2%15.4%
0.380.500.610.720.831.18
0.040.020.080.020.010.04
-----5.49
------84.1%
-49.4%-32.3%-18.1%-63.2%-17.4%-12.9%
-163.94-98.32-34.91-96.67-33.38-
--22 days---
--346 days-256 days429 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€7,560€12,800-€12,000
Financial fixed assets-€10,000€10,000--
€7,560€8,266€4,000€4,000€975

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on WREEZ

The operating result for 2025 is a loss of €51,685, larger than the loss of €41,905 in 2024. It is the lowest result since 2022.

Equity is negative. Debt (€252,138) exceeds the balance-sheet total (€105,191).

Board & ownership

Board

1 director, since incorporation
Director
appointed by deed of 05-12-2019 term without a fixed end
listed in the 2023 annual accounts, filed on 27-09-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Board
Mandates as a list
  • OMARGEEL Sadiq
    • Director, appointed by deed of 05-12-2019, still in office

See the board, name and registered office on a given date →

Control

This company
WREEZ
Equity -€146,946
Loss €51,955 in 2025

Capital

Contribution
€57,463.32
Source
2025 annual accounts

Articles of association

deed of 05-12-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 20:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Founder

At incorporation deed of 05-12-2019 ↗
  • OMARGEEL Sadiq sole founder · 100% at incorporation

Network & group

No group

WREEZ has no parent and no holdings in its annual accounts. OMARGEEL Sadiq is the only director. WREEZ shares no director with another company.

At the same address

Brogniezstraat 87, 1070 Anderlecht · 1 other company
Zadran, Asil (sole trader)
establishment since 11-06-2026
founded in 2026
1002.856.472

Timeline

Timeline

9 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 61 days late
2025
Annual accounts 2024 filed PDFmicro format · 74 days late
2024
Annual accounts 2023 filed PDFmicro format · 58 days late
2023
Annual accounts 2022 filed PDFmicro format · 32 days late
2022
Weakest financial year net -€56,694 The net result drops to -€56,694, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 33 days late
2021
Annual accounts 2020 filed PDFmicro format · 80 days late
2019
IncorporationFounder: OMARGEEL Sadiq · Founding capital of €6,000, 100 shares · Appointment: OMARGEEL Sadiq (director) · published on 05-12-20196 points ▸
  • Founder, OMARGEEL Sadiq
  • Founding capital, €6,000, 100 shares
  • 100 shares
  • Registered office clause, Brogniezstraat 87, 1070 Anderlecht
  • Board rule, 1
  • Director appointment, OMARGEEL Sadiq
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

First establishment Brogniezstraat 85, Anderlecht

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

WREEZ was incorporated on 3 December 2019 as a private limited company.1 OMARGEEL Sadiq is director of the company, appointed by deed of 05-12-2019.2 Turnover grew from €18,230 in 2020 to €155,093 in 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 05-12-2019
  3. 3National Bank, annual accounts 2020 and 2023

Company details

Identity

Enterprise number
0738.698.352
VAT number
BE 0738.698.352
Legal form
Private limited company
Status
Active, normal situation
Founded
03-12-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 20:00
deed of 05-12-2019 (in Dutch)
Peppol
Not found in the Peppol Directory
Name
WREEZ in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-12-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brussels Hoofdstedelijk Gewest”
deed of 05-12-2019 (in Dutch)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Codes under NACEBEL 2008
VAT activities
46431 Wholesale of electrical household appliances and audio-video equipment main activity
47599 Retail trade
Social security (RSZ) activities
47540 Retail trade main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Aan – verkoop van Gsm, telefonieartikelen in het algemeen; Verkoop en aankoop, import en export, van textiel, en kledij voor heren, dames en…”
13 activities
  1. Aan – verkoop van Gsm, telefonieartikelen in het algemeen.
  2. Verkoop en aankoop, import en export, van textiel, en kledij voor heren, dames en kinderen, alsook schoenen, lederartikelen en reisartikelen.
  3. Verkoop en aankoop, import en export van juwelen, fantasiejuwelen en accessoires allerhande.
  4. Kuisen in de meest ruime zin van het woord, vensters, bureau, zowel privé als professioneel, express koerier, kapsalon, bloemenzaak, night-shop;
  5. Import en export in de ruime zin van het woord alsook het uitbaten van een groothandelszaak.
  6. Alle voedingswaren zoals vlees, fruit, groenten, conserven, melkproducten, producten van de zee, vishandel, beenhouwerij, huishoudartikelen, cadeauartikelen, kruiden, specerijen, videotheekartikelen, verhuur van ontspanning artikelen, films en aanverwante artikelen, alle artikelen van textiel in het algemeen, diverse kleding, schoenen, schoenenmaker, slotenmaker, lederwaren in de breedste zin,
  7. Alle artikelen van parfumerie, toiletartikelen, cosmetica, schoonheidsartikelen, make-up, alsook zepen en detergenten;
  8. Alle bouwmaterialen, elektrisch en elektronisch materieel, materieel voor loodgieterij;
  9. Alle producten van handambacht, behangproducten, alsook artikelen van de Derde Wereld;
  10. Alle artikelen voor de tuin, bloemen, planten, tuinartikelen, inrichting en onderhoud van tuinen;
  11. Boeken, antiquiteiten, brokante, decoratie voorwerpen, industriële machines;
  12. Alle elektrische huishoudtoestellen, films, magnetische banden, cassettes, alle gedrukte artikelen of geregistreerde artikelen, en de artikelen die er de lezing, visie of auditie van toelaten;
  13. Bijstand in programmatie, informaticacursussen, bijstand voor hardware en software, raadgeving en bijstand inzake informatica, alle bureelmateriaal en materiaal van informatica.
deed of 05-12-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Brogniezstraat 87 registered office 1070 Anderlecht
Brogniezstraat 85 1070 Anderlecht 03-12-2019 2.297.010.577

Buildings and parcels at the addresses

Ground area
121 m²
Buildings
114 m²
Volume, LiDAR
1,676 m³
Tallest building
17.1 m
Buildings to scale, each on its own parcel
65 m², 17.0 m 49 m², 17.1 m 65 m², 17.0 m 49 m², 17.1 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21305B0209/00Z02064 m² 1 · 65 m² 17.0 m · 5
21305B0209/00E01257 m² 1 · 49 m² 17.1 m · 5

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