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 3 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WH Smith Belgium from Antwerpen, company number BE0790287902, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year WH Smith Belgium recorded revenue of € 15.9 million and equity of € -4.1 million. Compared with financial year 2024, the result moved from € -1.3 million to € -1.5 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 March 31, 2026.
€ -4.1 million
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ 18 % more loss than in 2024
Profit after tax over the fiscal year.
€ 116,765
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.2 million.
People and assets in 2025
50.1
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 17% vs 2024
€ 52,600 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.
€ 240,554
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.1 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 333,090
▼ 1% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | - | - | € 15,888,290 | |
| Gross margin | € 880,991 | € 2,077,893 | - | |
| Profit after taxes | € -1,355,765 | € -1,281,548 | € -1,512,802 | ▼ € 231,254 |
| Equity | € -1,354,765 | € -2,636,313 | € -4,149,115 | ▼ € 1.5 million |
| Total debts | € 5,938,569 | € 7,168,584 | € 8,626,258 | ▲ 20% |
| Cash | € 277,113 | € 168,390 | € 116,765 | ▼ 31% |
| Retained profit | € -1,355,765 | € -2,637,313 | € -4,150,115 | ▼ € 1.5 million |
| Balance sheet total | € 4,583,804 | € 4,532,271 | € 4,477,142 | ▼ 1% |
| Employees (FTE) | 39.8 | 50.6 | 50.1 | ▼ 0.5 |
Key figures of WH Smith Belgium, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 March 2027.
What happened to WH Smith Belgium?
What happened at WH Smith Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.5 million. Source: NBB ↗
- Maxwell IZZARD became a director. NBB
- New establishment in Zaventem. KBO
- New establishment in Zaventem. KBO
- New establishment in Zaventem. KBO
- New establishment in Zaventem. KBO
- New establishment in Zaventem. KBO
- New establishment in Zaventem. KBO
In short
From € 1.4 million loss in 2023 to € 1.5 million loss in 2025.
Paid € 2,905 in corporate taxes since 2023.
On average € 41,100 of value added per employee in 2024.
Pays suppliers within 29 days on average.
A new publication or filing at WH Smith Belgium? 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 WH Smith Belgium are Gavin WOOD, Maxwell IZZARD and Ian HOUGHTON. The shares are held by WH Smith Travel Limited (100%).
Directors
According to the 2025 annual accounts
Gavin WOOD
Director
since 2022
Maxwell IZZARD
Director
since 2024
Ian HOUGHTON
Director
since 2022
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Posthofbrug 10 box 4
2600 Antwerpen
Luchthaven Brussel Nationaal 20279&20280
1930 Zaventem
Active since 15 December 2022
Luchthaven Brussel Nationaal TA20673
1930 Zaventem
Active since 1 November 2022
Luchthaven Brussel Nationaal BV20713
1930 Zaventem
Active since 8 December 2022
Luchthaven Brussel Nationaal AA01129
1930 Zaventem
Active since 24 November 2022
Luchthaven Brussel Nationaal TV20234
1930 Zaventem
Active since 1 November 2022
Luchthaven Brussel Nationaal AA17040
1930 Zaventem
Active since 8 December 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →HINO MOTORS (EUROPE) NV
€ 6,376 revenue · 2026
Astrid Immo
€ 609,948 gross margin · 2025
ZESPRI SERVICE CENTRE
€ 18.4 million revenue · 2025
C.E.M.
€ 1.2 million gross margin · 2025
The Sting België
€ 2.7 million gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0790.287.902
- VAT number
- BE 0790.287.902
- Registered office
- Posthofbrug 10 bus 4, 2600 Antwerpen
- Names & denominations
- WH Smith Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2022
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Detailhandel in kranten en andere tijdschriften
Detailhandel in boeken
Detailhandel in kranten en kantoorbehoeften in gespecialiseerde winkels
Detailhandel in kledingaccessoires
Detailhandel in lederwaren en reisartikelen