W H MONTGOMERY
ActiveSummary
W H MONTGOMERY has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227k and a net result of €43k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+4
Solvency100▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 1.12 in 2024; short-term debt: 15% and cash: 29.8% of total assets), and 15% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
85%
Return on assets
16.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18202122232425
2018 to 2025 · latest year €227k
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 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
57 d late
2023
28 d late
2022
13 d early
2021
24 d early
2020
29 d early
2019
67 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€43k▲ 10.7%
2024 · €39k
2018: €174k
2020: €32k
2021: €35k
2022: €40k
2023: €39k
2024: €39k
2018 → 2025
Working capital
€57k▲ 481%
2024 · €10k
2018: €174k
2020: €7k
2021: €57k
2022: €81k
2023: €-914
2024: €10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€271k▲ 17.2%€185k▼ 31.7%€184k▼ 0.7%€227k▲ 23.3%
Operating result€46k-€52k▲ 14.4%€54k▲ 3.6%€53k▼ 1.8%€59k▲ 10.3%
Net result€35k-€40k▲ 15.2%€39k▼ 2.3%€39k▼ 0.6%€43k▲ 10.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €267k
Fixed assets
€170k ▼ 2.6%
Current assets
€97k ▲ 4.9%
Equity and liabilities €267k
Equity
€227k ▲ 23.3%
Debt
€40k ▼ 51.6%
Debt's share of the balance-sheet total falls from 31.1% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77k▲
2024 · €70k
Cash flow
€62k▲
2024 · €56k
Current ratio
2.43▲
2024 · 1.12
Debt to equity
0.18▼
2024 · 0.45
ROE
19.0%▼
2024 · 21.2%
ROA
16.2%▲
2024 · 14.6%
Debt ≤ 1 year
€40k▼
2024 · €83k
Income taxes
€16k▲
2024 · €14k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€267k€267k=
Fixed assets21/28€174k€170k▼
Tangible fixed assets22/27€174k€170k▼
Land and buildings22€174k€170k▼
Assets under construction and advance payments27€0-
Current assets29/58€93k€97k▲
Amounts receivable within one year40/41€3k€18k▲
Trade receivables40€3k€17k▲
Other amounts receivable41€220€853▲
Cash at bank and in hand54/58€89k€79k▼
Deferred charges and accrued income490/1€63€0▼
Equity and liabilities
Total equity and liabilities10/49€267k€267k=
Equity10/15€184k€227k▲
Contributions10/11€20k€20k=
Reserves13€25k€25k=
Non-distributable reserves130/1€281€281=
Reserves not available under the articles1311€281€281=
Tax-exempt reserves132€22k€22k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€131k€175k▲
Investment grants15€8k€7k▼
Amounts payable17/49€83k€40k▼
Amounts payable within one year42/48€83k€40k▼
Trade debts44€5k€840▼
Suppliers440/4€5k€840▼
Taxes, remuneration and social security45€28k€30k▲
Taxes450/3€28k€30k▲
Other amounts payable47/48€50k€9k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€16k€12k▼
Gross operating margin9900€86k€89k▲
Operating profit (loss)9901€53k€59k▲
Financial income75/76B€243€243=
Recurring financial income75€243€243=
Profit (loss) for the period before taxes9903€53k€59k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€39k€43k▲
Profit (loss) for the period to be appropriated9905€39k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€171k€175k▲
Profit (loss) brought forward from the previous period14P€132k€131k▼
Profit to be distributed694/7€40k-
Return on contributions (dividend)694€40k-
The notes to these accounts (7 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
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.43
Current ratio from 1.12 to 2.43; short-term debt falls from €83k to €40k.
31-12
Financial
Equity above €200kEq €227k ▲23.3%
7 profitable years in a row build equity to €227k.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €231k ▲17.2%
3 profitable years in a row build equity to €231k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €32k ▼81.9%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Liège · 1 establishment unit since 1974
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.
Rue Montgomery 424030 LiègeGround area
1,335 m²
Building footprint
240 m²
Volume, LiDAR
1,524 m³
Parcel 62047C1255/00V020, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPRL WH
since 19742.010.304.214
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62047C1255/00V020 | Wallonia | 1,335 m² | 1 · 240 m² | 7.4 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
STEPPE
BE 0405.729.224
Brussel · Eq €226,704
Nodase
BE 0437.936.588
Knokke-Heist · Eq €226,685
VANHOVE
BE 0425.234.142
Aalst · Eq €227,304
STYLE SCOOP
BE 0543.359.554
Antwerpen · Eq €226,296
LU.KA
BE 0560.997.718
Lier · Eq €226,201
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 4,304 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-1974
Fiscal year end31-12
Abbreviation FR
SERIGRAPHIE W.H.
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
18130Pre-press and pre-media services
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.