Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Ets A. WAGELMANS from Visé, company number BE0418888956, closed financial year 2023 with a result of € -110,948 after tax. For that financial year Ets A. WAGELMANS recorded a gross margin of € 97,699 and equity of € -67,818. Compared with financial year 2022, the result moved from € -23,258 to € -110,948. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2024.
€ -67,818
▼ € 110,370 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -110,948
▼ 377 % more loss than in 2022
Profit after tax over the fiscal year.
€ 3,551
▼ 21% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -129,792.
People and assets in 2023
€ 167,930
▲ 13% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,759
▼ 42% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 184,013
▲ 16% vs 2022
€ 19,379 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 133,775
▲ 30% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 84,828
▲ 45% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 148,038 | € 152,346 | € 97,699 | ▼ 36% |
| Profit after taxes | € 14,472 | € -23,258 | € -110,948 | ▼ € 87,690 |
| Equity | € 65,810 | € 42,552 | € -67,818 | ▼ € 110,370 |
| Total debts | € 303,555 | € 332,170 | € 416,799 | ▲ 25% |
| Cash | € 3,968 | € 4,513 | € 3,551 | ▼ 21% |
| Land & buildings | € 30,781 | € 21,657 | € 12,976 | ▼ 40% |
| Retained profit | € 3,837 | € -19,421 | € -129,792 | ▼ € 110,370 |
| Bank debt | € 165,141 | € 159,142 | € 184,013 | ▲ 16% |
| Balance sheet total | € 371,365 | € 374,722 | € 348,980 | ▼ 7% |
| Employees (FTE) | 4 | 4.2 | - |
Key figures of Ets A. WAGELMANS, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Ets A. WAGELMANS?
What happened at Ets A. WAGELMANS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Ets A. WAGELMANS is active according to the CBE. Legal situation: Opening faillissement.
- Marc WAGELMANS stepped down as director. NBB
- WAGELPLUS SRL stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 110,948. filed late Source: NBB ↗
- Marc WAGELMANS became a director. NBB
- WAGELPLUS SRL became a director. NBB
- New establishment in Visé. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,472 profit in 2021 to € 110,948 loss in 2023.
Best year ever: 2021, with € 14,472 profit.
On average € 36,300 of value added per employee in 2022.
Management
Directors
According to the 2023 annual accounts
Marc WAGELMANS
Managing director
since 2017 · until 2029
Director · represented by Marc WAGELMANS
since 2017 · until 2029
Establishments
Establishment units
Physical locations of this company
Avenue du Pont(VIS) 9
4600 Visé
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.888.956
- VAT number
- BE 0418.888.956
- Registered office
- Avenue du Pont(VIS) 9, 4600 Visé
- Names & denominations
- Ets A. WAGELMANS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 24 November 1978
- Peppol
- Not registered
- Activities · NACE
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