Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.5 to 2.5.
Financials
Financial year 2025
WIPAM from Maldegem, company number BE0440950617, closed financial year 2025 with a result of € 89,248 after tax. For that financial year WIPAM recorded revenue of € 665,537 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 601,359 to € 89,248. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 1.7 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,248
▼ 85% vs 2024
Profit after tax over the fiscal year.
€ 21,294
▲ 266% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1 million.
People and assets in 2025
2.5
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 239,548
▼ 5% vs 2024
€ 95,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,025
▼ 37% vs 2024
Of which on lease € 12,025.
Debts at end 2025
€ 3.2 million
▲ 14% vs 2024
€ 330,942 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 551,949
▲ € 461,186 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 399 days on average.
€ 69,927
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 853,781 | € 848,303 | € 1,100,166 | € 665,537 | ▼ 40% |
| Profit after taxes | € 113,451 | € 111,186 | € 601,359 | € 89,248 | ▼ 85% |
| Equity | € 3,268,847 | € 3,380,033 | € 1,566,392 | € 1,655,640 | ▲ 6% |
| Total debts | € 1,106,794 | € 1,261,514 | € 3,125,221 | € 3,826,466 | ▲ 22% |
| Cash | € 17,852 | € 45,621 | € 5,818 | € 21,294 | ▲ 266% |
| Land & buildings | € 945,412 | € 1,141,932 | € 1,103,220 | € 972,497 | ▼ 12% |
| Retained profit | € 845,199 | € 956,385 | € 952,407 | € 1,041,656 | ▲ 9% |
| Dividend | € 0 | € 0 | € 605,336 | € 0 | ▼ 100% |
| Bank debt | € 922,669 | € 1,063,925 | € 2,807,423 | € 3,202,639 | ▲ 14% |
| Balance sheet total | € 4,682,405 | € 4,936,591 | € 4,975,243 | € 5,754,616 | ▲ 16% |
| Employees (FTE) | 3.7 | 3.5 | 3 | 2.5 | ▼ 0.5 |
Key figures of WIPAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to WIPAM?
What happened at WIPAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ben Willems stepped down as director. NBB
- LOTAS IT & GRAPHICS BV stepped down as director. NBB
- Bavo Willems stepped down as director. NBB
- WILSTON BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 89,248 (▼ 85% vs 2024). Source: NBB ↗
- LOTAS IT & GRAPHICS BV became a director. NBB
- WILSTON BV became a director. NBB
- Sam Willems stepped down as director. NBB
In short
From € 113,451 profit in 2022 to € 89,248 profit in 2025.
Paid € 171,380 in corporate taxes since 2022.
Best year ever: 2024, with € 601,359 profit.
Paid out € 605,336 in dividends to the owners in total.
Management
The shares are held by WILCO BV (100%). It owns 100% of QUADRIFINISH, 100% of PERKA and 70% of DRUKKERIJ-UITGEVERIJ VERHOEVEN itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2025
since 2024 · until 2029
Bestuurder · represented by Sam Willems
since 2026 · until 2029
Bavo Willems
Bestuurder
since 2024 · until 2029
Bestuurder · represented by Eva Willems
since 2026 · until 2029
since 2024 · until 2025
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Industrielaan 12
9990 Maldegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.950.617
- VAT number
- BE 0440.950.617
- Registered office
- Industrielaan 12, 9990 Maldegem
- Names & denominations
- WIPAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 1990
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
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