Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THE WING from Brussel, company number BE0727645696, closed financial year 2025 with a result of € -3.2 million after tax. Compared with financial year 2024, the result moved from € -487,696 to € -3.2 million. 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 July 28, 2026.
€ -3.5 million
▼ € 3.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.2 million
▼ 560 % more loss than in 2024
Profit after tax over the fiscal year.
€ 29,984
▲ 241% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5 million.
Debts at end 2025
€ 11.7 million
▲ 11% vs 2024
Loans from banks and other lenders, long and short.
€ 42,218
▲ 260% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 331 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -309,081 | € -449,469 | € -487,696 | € -3,217,363 | ▼ € 2.7 million |
| Equity | € -78,864 | € -528,332 | € -316,028 | € -3,533,391 | ▼ € 3.2 million |
| Total debts | € 9,548,661 | € 10,669,931 | € 10,608,750 | € 11,771,603 | ▲ 11% |
| Cash | € 21,521 | € 250,933 | € 8,800 | € 29,984 | ▲ 241% |
| Retained profit | € -878,864 | € -1,328,332 | € -1,816,028 | € -5,033,391 | ▼ € 3.2 million |
| Bank debt | € 9,470,000 | € 10,646,607 | € 10,594,498 | € 11,712,608 | ▲ 11% |
| Balance sheet total | € 9,469,797 | € 10,141,599 | € 10,292,722 | € 8,238,212 | ▼ 20% |
Key figures of THE WING, 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 THE WING?
What happened at THE WING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- E-STATE SRL stepped down as director. NBB
- NICOLAS ORTS SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.2 million. Source: NBB ↗
- ZOU2 SRL stepped down as director. NBB
- E-STATE SRL became a director. NBB
- ZOU2 SRL became a director. NBB
- NICOLAS ORTS SRL became a director. NBB
- New establishment in Elsene. KBO
In short
From € 309,081 loss in 2022 to € 3.2 million loss in 2025.
A new publication or filing at THE WING? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of EAGLESTONE INVESTMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THE WINGThe shares are held by EAGLESTONE INVESTMENT (100%). It owns 100% of LOUISE 350 itself.
Directors
According to the 2025 annual accounts
Managing director · represented by GAETAN CLERMONT
Also active at: La Tourmaline, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO, D-IMMO +32 more
since 2022 · until 2028
Director · represented by Sophie LAMBRIGHS
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, La Tourmaline, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO +34 more
since 2022 · until 2025
Director · represented by Nicolas ORTS
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, La Tourmaline, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO +30 more
since 2022 · until 2028
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Louizalaan 480
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0727.645.696
- VAT number
- BE 0727.645.696
- Registered office
- Louizalaan 480, 1050 Brussel
- Names & denominations
- THE WING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 2019
- Peppol
- Active · Active since 20 Nov 2020