Summary
Wings is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.71M and a net result of €197k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 75% of 5547 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 d early
2024
45 d early
2023
1 d early
2022
4 d early
2021
on the day
2020
3 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.71M▲ 13.0%
2024 · €1.51M
2019: €837klowest in 7 years
2020: €900k▲ +7.6% vs 2019
2021: €966k▲ +7.3% vs 2020
2022: €1.09M▲ +13.4% vs 2021
2023: €1.23M▲ +12.7% vs 2022
2024: €1.51M▲ +22.8% vs 2023
2025: €1.71M▲ +13.0% vs 2024highest in 7 years
2019 → 2025
Net result
€197k▼ 30.0%
2024 · €281k
2019: €30klowest in 7 years
2020: €63k▲ +114% vs 2019
2021: €65k▲ +3.5% vs 2020
2022: €129k▲ +97.1% vs 2021
2023: €139k▲ +7.4% vs 2022
2024: €281k▲ +103% vs 2023highest in 7 years
2025: €197k▼ -30.0% vs 2024
2019 → 2025
Total assets
€2.17M▼ 4.3%
2024 · €2.27M
2019: €1.56M
2020: €1.55M▼ -0.5% vs 2019lowest in 7 years
2021: €1.73M▲ +11.6% vs 2020
2022: €1.73M▼ -0.1% vs 2021
2023: €1.98M▲ +14.5% vs 2022
2024: €2.27M▲ +14.6% vs 2023highest in 7 years
2025: €2.17M▼ -4.3% vs 2024
2019 → 2025
Solvency
78.9%▲ 12.1pp
2024 · 66.8%
2019: 53.8%lowest in 7 years
2020: 58.1%▲ +8.1% vs 2019
2021: 55.9%▼ -3.8% vs 2020
2022: 63.4%▲ +13.5% vs 2021
2023: 62.4%▼ -1.6% vs 2022
2024: 66.8%▲ +7.1% vs 2023
2025: 78.9%▲ +18.1% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€966k-€1.09M▲ 13.4%€1.23M▲ 12.7%€1.51M▲ 22.8%€1.71M▲ 13.0%
2021: €966klowest in 5 years
2022: €1.09M▲ +13.4% vs 2021
2023: €1.23M▲ +12.7% vs 2022
2024: €1.51M▲ +22.8% vs 2023
2025: €1.71M▲ +13.0% vs 2024highest in 5 years
Operating result€123k-€186k▲ 51.5%€199k▲ 7.1%€398k▲ 100%€324k▼ 18.6%
2021: €123klowest in 5 years
2022: €186k▲ +51.5% vs 2021
2023: €199k▲ +7.1% vs 2022
2024: €398k▲ +100% vs 2023highest in 5 years
2025: €324k▼ -18.6% vs 2024
Net result€65k-€129k▲ 97.1%€139k▲ 7.4%€281k▲ 103%€197k▼ 30.0%
2021: €65klowest in 5 years
2022: €129k▲ +97.1% vs 2021
2023: €139k▲ +7.4% vs 2022
2024: €281k▲ +103% vs 2023highest in 5 years
2025: €197k▼ -30.0% vs 2024
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 falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.17M
Fixed assets
€2.05M ▲ 0.6%
Current assets
€122k ▼ 47.1%
Equity and liabilities €2.17M
Equity
€1.71M ▲ 13.0%
Debt
€457k ▼ 39.2%
Debt's share of the balance-sheet total falls from 33.2% to 21.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
11.5%▼
2024 · 18.5%
ROA
9.1%▼
2024 · 12.4%
Debt ≤ 1 year
€314k▼
2024 · €459k
Debt > 1 year
€143k▼
2024 · €292k
Income taxes
€112k▲
2024 · €98k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.27M€2.17M▼
Fixed assets21/28€2.03M€2.05M▲
Intangible fixed assets21€51k€37k▼
Tangible fixed assets22/27€1.80M€1.83M▲
Land and buildings22€1.80M€1.82M▲
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€180k€180k=
Current assets29/58€231k€122k▼
Amounts receivable within one year40/41€110k€13k▼
Trade receivables40€110k€13k▼
Cash at bank and in hand54/58€121k€109k▼
Equity and liabilities
Total equity and liabilities10/49€2.27M€2.17M▼
Equity10/15€1.51M€1.71M▲
Contributions10/11€150k€150k=
Revaluation surpluses12€900k€900k=
Reserves13€464k€661k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€12k€12k=
Distributable reserves133€452k€648k▲
Amounts payable17/49€751k€457k▼
Amounts payable after more than one year17€292k€143k▼
Financial debts170/4€292k€143k▼
Amounts payable within one year42/48€459k€314k▼
Current portion of amounts payable after more than one year42€153k€150k▼
Financial debts43€150k€0▼
Other loans439€150k€0▼
Trade debts44€22k€24k▲
Suppliers440/4€22k€24k▲
Taxes, remuneration and social security45€133k€138k▲
Taxes450/3€133k€138k▲
Other amounts payable47/48€483€2k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€56k▼
Other operating charges640/8€13k€34k▲
Gross operating margin9900€468k€415k▼
Operating profit (loss)9901€398k€324k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€19k€16k▼
Recurring financial charges65€19k€16k▼
Profit (loss) for the period before taxes9903€379k€309k▼
Income taxes67/77€98k€112k▲
Profit (loss) for the period9904€281k€197k▼
Profit (loss) for the period to be appropriated9905€281k€197k▼
Appropriation of the result
Profit (loss) to be appropriated9906€281k€197k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€281k€197k▼
To other reserves6921€281k€197k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 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 | - | - | - | - | €8k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €34k | €37k | €56k | €56k | ▼ 0.4% |
| Other operating charges640/8 | - | €10k | €812 | €13k | €34k | ▲ 158% |
| Gross operating margin9900 | €177k | €231k | €237k | €468k | €415k | ▼ 11.4% |
| Operating profit (loss)9901 | €123k | €186k | €199k | €398k | €324k | ▼ 18.6% |
| Financial income75/76B | - | €7k | €4k | €0 | - | - |
| Recurring financial income75 | €7k | €7k | €4k | €0 | - | - |
| Financial charges65/66B | - | €18k | €13k | €19k | €16k | ▼ 18.5% |
| Recurring financial charges65 | €20k | €18k | €13k | €19k | €16k | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €110k | €175k | €190k | €379k | €309k | ▼ 18.6% |
| Income taxes67/77 | €44k | €46k | €51k | €98k | €112k | ▲ 14.0% |
| Profit (loss) for the period9904 | €65k | €129k | €139k | €281k | €197k | ▼ 30.0% |
| Profit (loss) for the period to be appropriated9905 | €65k | €129k | €139k | €281k | €197k | ▼ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.73M | €1.73M | €1.98M | €2.27M | €2.17M | ▼ 4.3% |
| Fixed assets21/28 | €1.57M | €1.54M | €1.88M | €2.03M | €2.05M | ▲ 0.6% |
| Intangible fixed assets21 | €95k | €80k | €66k | €51k | €37k | ▼ 28.6% |
| Tangible fixed assets22/27 | €1.30M | €1.28M | €1.63M | €1.80M | €1.83M | ▲ 1.4% |
| Land and buildings22 | - | €1.27M | €1.62M | €1.80M | €1.82M | ▲ 1.6% |
| Plant, machinery and equipment23 | - | €10k | €8k | €5k | €2k | ▼ 57.1% |
| Furniture and vehicles24 | - | €4k | €3k | €2k | €2k | ▼ 7.3% |
| Financial fixed assets28 | €180k | €180k | €180k | €180k | €180k | = |
| Current assets29/58 | €157k | €182k | €96k | €231k | €122k | ▼ 47.1% |
| Amounts receivable after more than one year29 | - | €93k | €0 | - | - | - |
| Other amounts receivable291 | - | €93k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €61k | €75k | €55k | €110k | €13k | ▼ 87.7% |
| Trade receivables40 | - | €20k | €55k | €110k | €13k | ▼ 87.7% |
| Other amounts receivable41 | - | €55k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €161 | €3k | €42k | €121k | €109k | ▼ 10.5% |
| Deferred charges and accrued income490/1 | - | €12k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.73M | €1.73M | €1.98M | €2.27M | €2.17M | ▼ 4.3% |
| Equity10/15 | €966k | €1.09M | €1.23M | €1.51M | €1.71M | ▲ 13.0% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Capital10 | - | €150k | €150k | - | - | - |
| Issued capital100 | - | €150k | €150k | - | - | - |
| Revaluation surpluses12 | - | €900k | €900k | €900k | €900k | = |
| Reserves13 | €79k | €79k | €183k | €464k | €661k | ▲ 42.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - |
| Tax-exempt reserves132 | - | €12k | €12k | €12k | €12k | = |
| Distributable reserves133 | - | €65k | €169k | €452k | €648k | ▲ 43.5% |
| Profit (loss) carried forward14 | €-163k | €-34k | €0 | - | - | - |
| Amounts payable17/49 | €763k | €632k | €743k | €751k | €457k | ▼ 39.2% |
| Amounts payable after more than one year17 | €512k | €395k | €446k | €292k | €143k | ▼ 51.2% |
| Financial debts170/4 | - | €395k | €446k | €292k | €143k | ▼ 51.2% |
| Amounts payable within one year42/48 | €241k | €237k | €295k | €459k | €314k | ▼ 31.5% |
| Current portion of amounts payable after more than one year42 | - | €117k | €149k | €153k | €150k | ▼ 2.6% |
| Financial debts43 | - | - | - | €150k | €0 | ▼ 100% |
| Other loans439 | - | - | - | €150k | €0 | ▼ 100% |
| Trade debts44 | €20k | €3k | €5k | €22k | €24k | ▲ 10.8% |
| Suppliers440/4 | - | €3k | €5k | €22k | €24k | ▲ 10.8% |
| Advances received on contracts in progress46 | - | €40k | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €68k | €80k | €133k | €138k | ▲ 3.9% |
| Taxes450/3 | - | €68k | €80k | €133k | €138k | ▲ 3.9% |
| Other amounts payable47/48 | - | €10k | €62k | €483 | €2k | ▲ 383% |
| Accrued charges and deferred income492/3 | - | - | €2k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €129k | €139k | €281k | €197k | ▼ 30.0% |
| + Depreciation and write-downs630 | €35k | €34k | €37k | €56k | €56k | ▼ 0.4% |
| Operating cash flow (approximation) | €100k | €164k | €176k | €337k | €253k | ▼ 25.0% |
| Investment in fixed assets (approximation) | - | €-8k | €-373k | €-210k | €-67k | ▲ 68.0% |
| Change in cash | - | €3k | €39k | €80k | €-13k | ▼ 116% |
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
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2019net €281k ▲103%
Operating result €398k, net result €281k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €1MEq €1.09M ▲13.4%
4 profitable years in a row build equity to €1.09M.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, De Haan · 1 establishment unit since 1998
Ground area
645 m²
Building footprint
473 m²
Volume, LiDAR
10,641 m³
Parcel 31038A0339/00Z000, Flanders · tallest building 25.8 m, ±8 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
de Smet de Naeyerlaan 3, 8420 De Haan
since 19982.085.532.860
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31038A0339/00Z000 | Flanders | 645 m² | 1 · 473 m² | 25.8 m · 8 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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 11,373 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
Founded17-02-1998
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
37000Sewerage
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.