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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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
W4M from Leuven, company number BE0732656836, closed financial year 2025 with a result of € -778 after tax. For that financial year W4M recorded a gross margin of € 24,522 and equity of € -18,814. Compared with financial year 2024, the result moved from € 196 to € -778. 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 August 31, 2026.
€ -18,814
▼ € 778 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -778
▼ still € 196 profit in 2024
Profit after tax over the fiscal year.
€ 6,092
▲ € 4,591 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -20,814.
People and assets in 2025
€ 3,013
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 269,445
▼ 6% vs 2024
€ 17,116 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 816
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,649
▲ 5% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 18,161 | € 19,574 | € 25,772 | € 24,522 | ▼ 5% |
| Profit after taxes | € -7,093 | € -6,126 | € 196 | € -778 | ▼ € 974 |
| Equity | € -12,106 | € -18,232 | € -18,036 | € -18,814 | ▼ € 778 |
| Total debts | € 324,452 | € 307,224 | € 288,963 | € 282,523 | ▼ 2% |
| Cash | € 4,891 | € 230 | € 1,501 | € 6,092 | ▲ € 4,591 |
| Land & buildings | € 296,642 | € 263,643 | € 247,165 | € 230,688 | ▼ 7% |
| Retained profit | € -14,106 | € -20,232 | € -20,036 | € -20,814 | ▼ € 778 |
| Bank debt | € 319,579 | € 304,520 | € 286,357 | € 269,445 | ▼ 6% |
| Balance sheet total | € 312,345 | € 288,992 | € 270,927 | € 263,709 | ▼ 3% |
Key figures of W4M, 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 W4M?
What happened at W4M in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 778 (▼ € 974 vs 2024). filed late Source: NBB ↗
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
- Sabine Thielemas became a director. NBB
- Nick Ingelberts became a director. NBB
- Leïla Drake became a director. NBB
- Francis Salaets became a director. NBB
In short
From € 7,093 loss in 2022 to € 778 loss in 2025.
Best year ever: 2024, with € 196 profit.
A new publication or filing at W4M? 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
Behind W4M are Sabine Thielemas, Nick Ingelberts, Leïla Drake and Francis Salaets. Nick Ingelberts is also behind Saldi and COMPUTERSERVICE. Leïla Drake is also behind "HET LEUVENS INSTITUUT VOOR IERLAND IN EUROPA" of in het Engels "THE LEUVEN INSTITUTE FOR IRELAND IN EUROPE", LegalDirect and Leuven MindGate. Francis Salaets is also behind Saldi.
Directors
According to the 2025 annual accounts
Sabine Thielemas
Director
since 2019
since 2019
Leïla Drake
Director
Also active at: "HET LEUVENS INSTITUUT VOOR IERLAND IN EUROPA" of in het Engels "THE LEUVEN INSTITUTE FOR IRELAND IN EUROPE", LegalDirect, Leuven MindGate
since 2019
since 2019
Establishments
Establishment units
Physical locations of this company
Martelarenlaan 32
3010 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0732.656.836
- VAT number
- BE 0732.656.836
- Registered office
- Martelarenlaan 32, 3010 Leuven
- Names & denominations
- W4M
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 August 2019
- Peppol
- Active · Active since 26 Jul 2024
- Contact
- [email protected]
- Activities · NACE
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