WRM
Active1 interim measureSummary
The file of WRM contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 7.9% (elevated). The 2025 annual accounts show equity of €62k and a net result of €-13k. Equity is growing by ~47.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 27965 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-99
Solvency98▲+6
Growth52▼-26
Track record80
Bankruptcy probability, 12 months
7.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 3.57 against 2.78 in 2024; short-term debt: 27% of total assets), and 27% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
73%
Return on assets
-15.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
21 d late
2023
11 d early
2022
3 d early
2021
2 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▼ 17.1%
2024 · €75k
2021: €22k
2022: €16k▼ -29.6% vs 2021lowest in 5 years
2023: €48k▲ +204% vs 2022
2024: €75k▲ +56.2% vs 2023highest in 5 years
2025: €62k▼ -17.1% vs 2024
2021 → 2025
Total assets
€85k▼ 24.2%
2024 · €112k
2021: €50klowest in 5 years
2022: €51k▲ +2.0% vs 2021
2023: €76k▲ +49.1% vs 2022
2024: €112k▲ +47.2% vs 2023highest in 5 years
2025: €85k▼ -24.2% vs 2024
2021 → 2025
Net result
€-13k
2024 · €27k
2021: €2k
2022: €-7k▼ -373% vs 2021
2023: €32k▲ +586% vs 2022highest in 5 years
2024: €27k▼ -16.3% vs 2023
2025: €-13k▼ -148% vs 2024lowest in 5 years
2021 → 2025
Working capital
€59k▼ 11.0%
2024 · €66k
2021: €8k
2022: €5k▼ -34.0% vs 2021lowest in 5 years
2023: €39k▲ +623% vs 2022
2024: €66k▲ +71.9% vs 2023highest in 5 years
2025: €59k▼ -11.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€16k▼ 29.6%€48k▲ 204%€75k▲ 56.2%€62k▼ 17.1%
2021: €22k
2022: €16k▼ -29.6% vs 2021lowest in 5 years
2023: €48k▲ +204% vs 2022
2024: €75k▲ +56.2% vs 2023highest in 5 years
2025: €62k▼ -17.1% vs 2024
Operating result€3k-€-8k€43k€36k▼ 15.4%€-14k
2021: €3k
2022: €-8k▼ -377% vs 2021
2023: €43k▲ +657% vs 2022highest in 5 years
2024: €36k▼ -15.4% vs 2023
2025: €-14k▼ -139% vs 2024lowest in 5 years
Net result€2k-€-7k€32k€27k▼ 16.3%€-13k
2021: €2k
2022: €-7k▼ -373% vs 2021
2023: €32k▲ +586% vs 2022highest in 5 years
2024: €27k▼ -16.3% vs 2023
2025: €-13k▼ -148% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €36k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€3k ▼ 64.2%
Current assets
€82k ▼ 20.8%
Equity and liabilities €85k
Equity
€62k ▼ 17.1%
Debt
€23k ▼ 38.3%
Debt's share of the balance-sheet total falls from 33.2% to 27.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €44k
Cash flow
€-7k▼
2024 · €35k
Current ratio
3.57▲
2024 · 2.78
Quick ratio
3.55▲
2024 · 2.77
Debt to equity
0.37▼
2024 · 0.50
ROE
-20.6%▼
2024 · 36.0%
ROA
-15.1%▼
2024 · 24.0%
Interest coverage
-8.08▼
2024 · 64.35
Debt ≤ 1 year
€23k▼
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€112k€85k▼
Fixed assets21/28€9k€3k▼
Tangible fixed assets22/27€7k€1k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€5k-
Financial fixed assets28€2k€2k▲
Current assets29/58€104k€82k▼
Stocks and contracts in progress3€525€525=
Stocks30/36€525€525=
Amounts receivable within one year40/41€103k€82k▼
Trade receivables40€56k€27k▼
Other amounts receivable41€48k€54k▲
Equity and liabilities
Total equity and liabilities10/49€112k€85k▼
Equity10/15€75k€62k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€55k€42k▼
Amounts payable17/49€37k€23k▼
Amounts payable within one year42/48€37k€23k▼
Current portion of amounts payable after more than one year42€5k-
Financial debts43€7k€10k▲
Credit institutions430/8€7k€10k▲
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45€21k€13k▼
Taxes450/3€21k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€506€494▼
Non-recurring operating charges66A€217-
Gross operating margin9900€45k€-8k▼
Operating profit (loss)9901€36k€-14k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€691€1k▲
Recurring financial charges65€691€1k▲
Profit (loss) for the period before taxes9903€37k€-13k▼
Income taxes67/77€10k-
Profit (loss) for the period9904€27k€-13k▼
Profit (loss) for the period to be appropriated9905€27k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€42k▼
Profit (loss) brought forward from the previous period14P€28k€55k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €8k | €8k | €6k | ▼ 26.9% |
| Other operating charges640/8 | €522 | €329 | €154 | €506 | €494 | ▼ 2.5% |
| Non-recurring operating charges66A | - | - | - | €217 | - | - |
| Gross operating margin9900 | €12k | €1k | €51k | €45k | €-8k | ▼ 117% |
| Operating profit (loss)9901 | €3k | €-8k | €43k | €36k | €-14k | ▼ 139% |
| Financial income75/76B | - | €2k | €1k | €2k | €2k | ▲ 55.1% |
| Recurring financial income75 | - | €2k | €1k | €2k | €2k | ▲ 55.1% |
| Non-recurring financial income76B | - | €2k | €60 | - | - | - |
| Financial charges65/66B | €350 | €487 | €1k | €691 | €1k | ▲ 48.5% |
| Recurring financial charges65 | €350 | €487 | €664 | €691 | €1k | ▲ 48.5% |
| Non-recurring financial charges66B | - | - | €815 | - | - | - |
| Profit (loss) for the period before taxes9903 | €2k | €-7k | €43k | €37k | €-13k | ▼ 134% |
| Income taxes67/77 | - | €48 | €10k | €10k | - | - |
| Profit (loss) for the period9904 | €2k | €-7k | €32k | €27k | €-13k | ▼ 148% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-7k | €32k | €27k | €-13k | ▼ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50k | €51k | €76k | €112k | €85k | ▼ 24.2% |
| Fixed assets21/28 | €29k | €21k | €14k | €9k | €3k | ▼ 64.2% |
| Tangible fixed assets22/27 | €29k | €21k | €14k | €7k | €1k | ▼ 83.6% |
| Plant, machinery and equipment23 | €2k | €343 | €2k | €2k | €1k | ▼ 37.7% |
| Furniture and vehicles24 | €28k | €20k | €13k | €5k | - | - |
| Financial fixed assets28 | - | - | - | €2k | €2k | ▲ 28.0% |
| Current assets29/58 | €21k | €31k | €62k | €104k | €82k | ▼ 20.8% |
| Stocks and contracts in progress3 | €5k | €525 | €525 | €525 | €525 | = |
| Stocks30/36 | €3k | €525 | €525 | €525 | €525 | = |
| Contracts in progress37 | €3k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €13k | €30k | €61k | €103k | €82k | ▼ 20.9% |
| Trade receivables40 | €10k | €23k | €44k | €56k | €27k | ▼ 50.6% |
| Other amounts receivable41 | €3k | €7k | €18k | €48k | €54k | ▲ 13.8% |
| Cash at bank and in hand54/58 | €2k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50k | €51k | €76k | €112k | €85k | ▼ 24.2% |
| Equity10/15 | €22k | €16k | €48k | €75k | €62k | ▼ 17.1% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €2k | €-4k | €28k | €55k | €42k | ▼ 23.3% |
| Amounts payable17/49 | €28k | €35k | €28k | €37k | €23k | ▼ 38.3% |
| Amounts payable after more than one year17 | €15k | €10k | €5k | - | - | - |
| Financial debts170/4 | €15k | €10k | €5k | - | - | - |
| Amounts payable within one year42/48 | €13k | €25k | €23k | €37k | €23k | ▼ 38.3% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €5k | - | - |
| Financial debts43 | - | €7k | €2k | €7k | €10k | ▲ 36.1% |
| Credit institutions430/8 | - | €7k | €2k | €7k | €10k | ▲ 36.1% |
| Trade debts44 | €5k | €13k | €6k | €4k | - | - |
| Suppliers440/4 | €5k | €13k | €6k | €4k | - | - |
| Taxes, remuneration and social security45 | €3k | €48 | €10k | €21k | €13k | ▼ 36.1% |
| Taxes450/3 | €361 | €48 | €10k | €21k | €13k | ▼ 36.1% |
| Remuneration and social security454/9 | €3k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-7k | €32k | €27k | €-13k | ▼ 148% |
| + Depreciation and write-downs630 | €9k | €9k | €8k | €8k | €6k | ▼ 26.9% |
| Operating cash flow (approximation) | €11k | €2k | €40k | €35k | €-7k | ▼ 120% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-2k | €-420 | ▲ 81.3% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
19-01
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
2025
30-09
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 2.67
Current ratio from 1.21 to 2.67; short-term debt falls from €25k to €23k.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Deinze · 1 establishment unit since 2020
Ground area
5,680 m²
Building footprint
159 m²
Volume, LiDAR
774 m³
Parcel 44025A0645/00N002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WRM
since 20202.305.353.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44025A0645/00N002 | Flanders | 5,680 m² | 1 · 159 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 3,012 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.