WistMA
ActiveWistMA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €422k and a net result of €86k. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-8
Solvency65=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.44 in 2024; short-term debt: 23.3% and cash: 5.4% of total assets), and 60% 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
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 · 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
40%
Return on assets
8.1%
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 15-04-2026, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
15 d early
2024
30 d early
2023
13 d early
2022
7 d early
2021
31 d late
← before the deadline
after the deadline →
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
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€422k▲ 25.6%
2024 · €336k
2021: €99k
2022: €188k
2023: €239k
2024: €336k
2021 → 2025
Total assets
€1.06M▲ 25.3%
2024 · €843k
2021: €570k
2022: €412k
2023: €796k
2024: €843k
2021 → 2025
Net result
€86k▼ 11.3%
2024 · €97k
2021: €98k
2022: €89k
2023: €51k
2024: €97k
2021 → 2025
Working capital
€-180k▼ 35.0%
2024 · €-133k
2021: €-62k
2022: €-89k
2023: €-216k
2024: €-133k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€188k▲ 89.2%€239k▲ 27.3%€336k▲ 40.5%€422k▲ 25.6%
Operating result€131k-€99k▼ 24.3%€45k▼ 54.7%€104k▲ 131%€67k▼ 35.5%
Net result€98k-€89k▼ 9.9%€51k▼ 42.1%€97k▲ 88.9%€86k▼ 11.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€990k▲ 33.9%
Current assets
€67k▼ 35.8%
Equity and liabilities €1.06M
Equity
€422k▲ 25.6%
Debt
€635k▲ 25.1%
The debt ratio falls from 60.1% to 60.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124k▲
2024 · €121k
Cash flow
€143k▲
2024 · €114k
Solvency
40.0%▲
2024 · 39.9%
Current ratio
0.27▼
2024 · 0.44
Quick ratio
0.27▼
2024 · 0.44
Debt / equity
1.50▼
2024 · 1.51
ROE
20.4%▼
2024 · 28.8%
ROA
8.1%▼
2024 · 11.5%
Interest coverage
4.28▼
2024 · 4.77
Debt
€635k▲
2024 · €507k
Debt ≤ 1 year
€247k▲
2024 · €237k
Debt > 1 year
€374k▲
2024 · €255k
Income taxes
€11k▼
2024 · €21k
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€843k€1.06M▲
Fixed assets21/28€739k€990k▲
Tangible fixed assets22/27€407k€657k▲
Land and buildings22€399k€654k▲
Furniture and vehicles24€2k€2k▼
Leasing and similar rights25€6k€2k▼
Financial fixed assets28€333k€333k=
Current assets29/58€104k€67k▼
Amounts receivable within one year40/41€4k€7k▲
Trade receivables40€0-
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€98k€57k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€843k€1.06M▲
Equity10/15€336k€422k▲
Contributions10/11€1k€1k=
Reserves13€335k€421k▲
Distributable reserves133€335k€421k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€507k€635k▲
Amounts payable after more than one year17€255k€374k▲
Financial debts170/4€255k€374k▲
Amounts payable within one year42/48€237k€247k▲
Current portion of amounts payable after more than one year42€40k€57k▲
Trade debts44€5k€351▼
Suppliers440/4€5k€351▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€8k€8k▼
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€183k€180k▼
Accrued charges and deferred income492/3€14k€14k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€57k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€123k€127k▲
Operating profit (loss)9901€104k€67k▼
Financial income75/76B€40k€59k▲
Recurring financial income75€40k€59k▲
Financial charges65/66B€25k€29k▲
Recurring financial charges65€25k€29k▲
Profit (loss) for the period before taxes9903€118k€97k▼
Income taxes67/77€21k€11k▼
Profit (loss) for the period9904€97k€86k▼
Profit (loss) for the period to be appropriated9905€97k€86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€86k▼
Profit (loss) brought forward from the previous period14P€5k€0▼
Transfer to equity691/2€102k€86k▼
To other reserves6921€102k€86k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €51k ▼42.1%
Net result drops to €51k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €200kEq €239k ▲27.3%
3 profitable years in a row build equity to €239k.
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €150kEq €188k ▲89.2%
2 profitable years in a row build equity to €188k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brugge · 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.
Gistelse Steenweg 1638200 BruggeGround area
510 m²
Building footprint
171 m²
Volume, LiDAR
1,366 m³
Parcel 31027D0359/00F004, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WistMa
since 20192.294.338.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0359/00F004 | Flanders | 510 m² | 1 · 171 m² | 14.7 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
IMMOBILIERE DES TANNEURS
BE 0438.212.346
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F & Co Holdings
BE 0707.912.928
Antwerpen · Eq €423k
Dr. Inge Teuwen, huisarts
BE 0719.407.032
Destelbergen · Eq €423k
IMMO JADO
BE 0864.848.832
Binche · Eq €421k
CAD SERVICEBURO BEHEER
BE 0787.752.638
Kinrooi · Eq €423k
Of 9,133 companies in sector 68201 we hold annual accounts for 6,762. 5,038 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2019
Fiscal year end30-09
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
64200Holdings
64210Activities of holding companies
69201Certified accountants and tax accountants
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.