WULFFAERT BV
ActiveWULFFAERT BV has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €332k and a net result of €35k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 304 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+51
Solvency49▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.15 in 2023; short-term debt: 56.5% and cash: 1.3% of total assets), and 75.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
31 d early
2021
31 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€332k▲ 11.7%
2023 · €298k
2018: €334k
2019: €402k
2020: €399k
2021: €415k
2022: €367k
2023: €298k
2018 → 2024
Total assets
€1.37M▼ 5.0%
2023 · €1.45M
2018: €868k
2019: €936k
2020: €716k
2021: €1.22M
2022: €1.27M
2023: €1.45M
2018 → 2024
Net result
€35k
2023 · €-69k
2018: €-17k
2019: €68k
2020: €-3k
2021: €16k
2022: €-48k
2023: €-69k
2018 → 2024
Working capital
€-655k▲ 7.9%
2023 · €-711k
2018: €-213k
2019: €174k
2020: €-61k
2021: €-222k
2022: €-371k
2023: €-711k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€399k-€415k▲ 4.0%€367k▼ 11.6%€298k▼ 18.9%€332k▲ 11.7%
Operating result€143-€25k▲ 17,218%€-42k€-60k▼ 41.8%€48k
Net result€-3k-€16k€-48k€-69k▼ 44.4%€35k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €48k after a loss of €60k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.37M
Fixed assets
€1.25M▼ 5.1%
Current assets
€121k▼ 3.9%
Equity and liabilities €1.37M
Equity
€332k▲ 11.7%
Debt
€1.04M▼ 9.3%
The debt ratio falls from 79.4% to 75.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118k▲
2023 · €11k
Cash flow
€105k▲
2023 · €1k
Solvency
24.2%▲
2023 · 20.6%
Current ratio
0.16▲
2023 · 0.15
Quick ratio
0.10▼
2023 · 0.11
Debt / equity
3.13▼
2023 · 3.86
ROE
10.5%▲
2023 · -23.3%
ROA
2.5%▲
2023 · -4.8%
Interest coverage
12.43▲
2023 · 1.04
Debt
€1.04M▼
2023 · €1.15M
Debt ≤ 1 year
€776k▼
2023 · €838k
Debt > 1 year
€264k▼
2023 · €310k
Income taxes
€4k▲
2023 · €367
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€1.45M€1.37M▼
Fixed assets21/28€1.32M€1.25M▼
Tangible fixed assets22/27€1.32M€1.25M▼
Land and buildings22€437k€437k=
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€39k€28k▼
Other tangible fixed assets26€833k€778k▼
Current assets29/58€126k€121k▼
Stocks and contracts in progress3€31k€41k▲
Stocks30/36€31k€41k▲
Amounts receivable within one year40/41€64k€58k▼
Trade receivables40€64k€58k▼
Other amounts receivable41€168€150▼
Cash at bank and in hand54/58€28k€18k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.45M€1.37M▼
Equity10/15€298k€332k▲
Contributions10/11€19k€19k=
Reserves13€279k€314k▲
Distributable reserves133€279k€314k▲
Amounts payable17/49€1.15M€1.04M▼
Amounts payable after more than one year17€310k€264k▼
Financial debts170/4€310k€264k▼
Amounts payable within one year42/48€838k€776k▼
Current portion of amounts payable after more than one year42€45k€45k▲
Trade debts44€41k€17k▼
Suppliers440/4€41k€17k▼
Taxes, remuneration and social security45€9k€13k▲
Taxes450/3€4k€12k▲
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€742k€701k▼
Accrued charges and deferred income492/3€700€634▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€70k=
Other operating charges640/8€4k€3k▼
Gross operating margin9900€14k€120k▲
Operating profit (loss)9901€-60k€48k▲
Financial income75/76B€1k€550▼
Recurring financial income75€1k€550▼
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€-69k€39k▲
Income taxes67/77€367€4k▲
Profit (loss) for the period9904€-69k€35k▲
Profit (loss) for the period to be appropriated9905€-69k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-69k€35k▲
Transfer from equity791/2€69k-
Transfer to equity691/2-€35k
To other reserves6921-€35k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.60 to 1.33; short-term debt falls from €534k to €533k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Eeklo · 1 establishment unit since 1999
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.
Nijverheidskaai 79900 EekloGround area
350 m²
Building footprint
336 m²
Volume, LiDAR
2,934 m³
Parcel 43352F0519/00Z002, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Quercus Parket
since 19992.091.660.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0519/00Z002 | Flanders | 350 m² | 1 · 336 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BELFORM EUROPE
BE 0405.523.643
Hasselt · Eq €331k
POLYLAK
BE 0444.057.387
Kalmthout · Eq €338k
SITAC EUROPE
BE 0751.645.872
Hasselt · Eq €340k
V&I CONSULTANCY
BE 0463.747.991
Roeselare · Eq €340k
STOCKMAN
BE 0456.254.346
Eeklo · Eq €323k
Of 1,499 companies in sector 31004 we hold annual accounts for 620. 467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-06-1999
Fiscal year end31-12
Activities, NACEBEL
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
43320Joinery installation
43332Laying of wooden floor and wall coverings
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.