WULFRA
ActiveWULFRA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €80k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 538 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
68
/ 100
Healthy▼ -25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+44
Solvency20▼-80
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 3.77 in 2024), and 88.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.4%
Return on assets
12.4%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 538 sector peers (2025).
NBB · sector comparisonPosition among 538 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-04-2026, 93 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
93 d early
2024
3 d early
2023
36 d early
2022
on the day
2021
1 d early
2020
14 d late
2019
61 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▼ 84.9%
2024 · €486k
2019: €216k
2020: €234k
2021: €268k
2022: €328k
2023: €431k
2024: €486k
2019 → 2025
Total assets
€643k▲ 0.2%
2024 · €642k
2019: €395k
2020: €383k
2021: €377k
2022: €458k
2023: €549k
2024: €642k
2019 → 2025
Net result
€80k▲ 45.5%
2024 · €55k
2019: €199k
2020: €20k
2021: €35k
2022: €62k
2023: €103k
2024: €55k
2019 → 2025
Working capital
€32k▼ 92.6%
2024 · €432k
2019: €189k
2020: €218k
2021: €257k
2022: €319k
2023: €424k
2024: €432k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€268k-€328k▲ 22.4%€431k▲ 31.4%€486k▲ 12.7%€73k▼ 84.9%
Operating result€55k-€90k▲ 62.9%€140k▲ 54.7%€80k▼ 43.0%€112k▲ 40.9%
Net result€35k-€62k▲ 74.4%€103k▲ 67.0%€55k▼ 46.8%€80k▲ 45.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €643k
Fixed assets
€42k▼ 21.7%
Current assets
€601k▲ 2.2%
Equity and liabilities €643k
Equity
€73k▼ 84.9%
Debt
€570k▲ 265%
The debt ratio rises from 24.3% to 88.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€127k▲
2024 · €92k
Cash flow
€94k▲
2024 · €68k
Solvency
11.4%▼
2024 · 75.7%
Current ratio
1.06▼
2024 · 3.77
Quick ratio
1.00▼
2024 · 3.53
Debt / equity
7.76▲
2024 · 0.32
ROE
108.6%▲
2024 · 11.3%
ROA
12.4%▲
2024 · 8.5%
Interest coverage
10.49▲
2024 · 6.86
Debt
€570k▲
2024 · €156k
Debt ≤ 1 year
€570k▲
2024 · €156k
Income taxes
€28k▲
2024 · €22k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€642k€643k▲
Fixed assets21/28€53k€42k▼
Tangible fixed assets22/27€53k€42k▼
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€45k€34k▼
Other tangible fixed assets26€2k€814▼
Current assets29/58€588k€601k▲
Stocks and contracts in progress3€37k€33k▼
Contracts in progress37€37k€33k▼
Amounts receivable within one year40/41€37k€14k▼
Trade receivables40€7k€4k▼
Other amounts receivable41€30k€10k▼
Current investments50/53€100k€0▼
Cash at bank and in hand54/58€414k€552k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€642k€643k▲
Equity10/15€486k€73k▼
Contributions10/11€19k€19k=
Reserves13€288k€55k▼
Distributable reserves133€288k€55k▼
Profit (loss) carried forward14€179k€0▼
Amounts payable17/49€156k€570k▲
Amounts payable within one year42/48€156k€570k▲
Trade debts44€58k€4k▼
Suppliers440/4€58k€4k▼
Advances received on contracts in progress46€25k€0▼
Taxes, remuneration and social security45€2k€76k▲
Taxes450/3€2k€76k▲
Other amounts payable47/48€71k€490k▲
Accrued charges and deferred income492/3-€226
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€15k▲
Other operating charges640/8€604€629▲
Gross operating margin9900€93k€127k▲
Operating profit (loss)9901€80k€112k▲
Financial income75/76B€11k€8k▼
Recurring financial income75€11k€8k▼
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€77k€108k▲
Income taxes67/77€22k€28k▲
Profit (loss) for the period9904€55k€80k▲
Profit (loss) for the period to be appropriated9905€55k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€234k€259k▲
Profit (loss) brought forward from the previous period14P€179k€179k=
Transfer from equity791/2-€233k
Transfer to equity691/2€55k€27▼
To the legal reserve6920€55k€27▼
Profit to be distributed694/7-€492k
Return on contributions (dividend)694-€492k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 14 days late
2020
31-12
Financial
Weakest financial yearnet €20k ▼90.1%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tielt · 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.
Kanegemstraat 88700 TieltGround area
2,042 m²
Building footprint
937 m²
Volume, LiDAR
5,300 m³
Parcel 37302E0726/00C000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WULFRA
since 20192.285.000.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0726/00C000 | Flanders | 2,042 m² | 1 · 937 m² | 6.4 m · 2 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
GABLOK
BE 0722.598.431
Thimister-Clermont · Eq €73k
ALG. SCHRIJNWERKERIJ BASTIN
BE 0735.685.810
Rotselaar · Eq €73k
BELI
BE 0454.842.502
Hasselt · Eq €74k
Interieur Wouters
BE 0759.851.775
Putte · Eq €74k
DC INTERIEUR
BE 0745.354.829
Wasseiges · Eq €74k
Of 1,594 companies in sector 16230 we hold annual accounts for 777. 595 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2019
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:frank.wullaert@skynet.be
Phone:051406468