GROUP WS
ActiveSummary
GROUP WS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46k and a net result of €-25k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 35% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability9▼-25
Solvency39▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.24 against 0.23 in 2023; short-term debt: 85.8% and cash: 0.4% of total assets), and 85.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.2%
Return on assets
-7.8%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-25k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d late
2023
71 d late
2022
31 d late
2021
17 d early
2020
18 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€46k▼ 35.4%
2023 · €71k
Total assets
€321k▲ 6.1%
2023 · €303k
Net result
€-25k▼ 418%
2023 · €-5k
Working capital
€-210k▼ 16.9%
2023 · €-179k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-2k▲ 18.6%€-9k▼ 299%€-572▲ 93.3%€-5k▼ 730%€-25k▼ 423%
Net result€-2k▲ 18.0%€-9k▼ 290%€-577▲ 93.3%€-5k▼ 737%€-25k▼ 418%
Equity€85k▼ 2.5%€76k▼ 10.1%€76k▼ 0.8%€71k▼ 6.4%€46k▼ 35.4%
Total assets€303k=€303k▼ 0.2%€303k=€303k=€321k▲ 6.1%
Debt€218k▲ 1.1%€226k▲ 3.6%€227k▲ 0.3%€232k▲ 2.1%€275k▲ 18.8%
Working capital€-165k▼ 1.1%€-173k▼ 5.4%€-174k▼ 0.1%€-179k▼ 3.2%€-210k▼ 16.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2024 against €5k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €321k
Fixed assets
€255k ▲ 2.1%
Current assets
€66k ▲ 25.0%
Equity and liabilities €321k
Equity
€46k ▼ 35.4%
Debt
€275k ▲ 18.8%
Debt's share of the balance-sheet total rises from 76.6% to 85.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-24k
Cash flow
€-25k
Current ratio
0.24▲
2023 · 0.23
Debt to equity
6.02▲
2023 · 3.28
ROE
-54.8%▼
2023 · -6.8%
ROA
-7.8%▼
2023 · -1.6%
Interest coverage
-141.29
Debt ≤ 1 year
€275k▲
2023 · €232k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €757 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €478 | - |
| Other operating charges640/8 | - | €491 | €572 | €0 | €162 | - |
| Gross operating margin9900 | €-2k | €-8k | €0 | €-5k | €-24k | ▼ 409% |
| Operating profit (loss)9901 | €-2k | €-9k | €-572 | €-5k | €-25k | ▼ 423% |
| Financial charges65/66B | - | €70 | €5 | €77 | €173 | ▲ 124% |
| Recurring financial charges65 | €65 | €70 | €5 | €77 | €173 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €-2k | €-9k | €-577 | €-5k | €-25k | ▼ 418% |
| Profit (loss) for the period9904 | €-2k | €-9k | €-577 | €-5k | €-25k | ▼ 418% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-9k | €-577 | €-5k | €-25k | ▼ 418% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303k | €303k | €303k | €303k | €321k | ▲ 6.1% |
| Fixed assets21/28 | €250k | €250k | €250k | €250k | €255k | ▲ 2.1% |
| Tangible fixed assets22/27 | - | - | - | - | €5k | - |
| Plant, machinery and equipment23 | - | - | - | - | €4k | - |
| Furniture and vehicles24 | - | - | - | - | €1k | - |
| Financial fixed assets28 | €250k | €250k | €250k | €250k | €250k | = |
| Current assets29/58 | €53k | €53k | €53k | €53k | €66k | ▲ 25.0% |
| Amounts receivable within one year40/41 | €53k | €53k | €53k | €53k | €64k | ▲ 22.5% |
| Trade receivables40 | - | - | - | - | €8k | - |
| Other amounts receivable41 | - | €53k | €53k | €53k | €56k | ▲ 7.1% |
| Cash at bank and in hand54/58 | €693 | €22 | €42 | €40 | €1k | ▲ 3,380% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303k | €303k | €303k | €303k | €321k | ▲ 6.1% |
| Equity10/15 | €85k | €76k | €76k | €71k | €46k | ▼ 35.4% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €72k | €64k | €63k | €58k | €33k | ▼ 42.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €62k | €61k | €56k | €33k | ▼ 41.0% |
| Amounts payable17/49 | €218k | €226k | €227k | €232k | €275k | ▲ 18.8% |
| Amounts payable within one year42/48 | €218k | €226k | €226k | €232k | €275k | ▲ 18.8% |
| Trade debts44 | €0 | €8k | €8k | €8k | €7k | ▼ 12.4% |
| Suppliers440/4 | - | €8k | €8k | €8k | €7k | ▼ 12.4% |
| Taxes, remuneration and social security45 | - | - | - | - | €462 | - |
| Taxes450/3 | - | - | - | - | €462 | - |
| Other amounts payable47/48 | - | €218k | €218k | €224k | €268k | ▲ 19.6% |
| Accrued charges and deferred income492/3 | - | €410 | €757 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-9k | €-577 | €-5k | €-25k | ▼ 418% |
| + Depreciation and write-downs630 | - | - | - | - | €478 | - |
| Operating cash flow (approximation) | €-2k | €-9k | €-577 | €-5k | €-25k | ▼ 408% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-6k | - |
| Change in cash | - | €-671 | €20 | €-2 | €1k | ▲ 63,317% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2008
Ground area
743 m²
Building footprint
529 m²
Volume, LiDAR
4,557 m³
Parcel 71303B0343/00R000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Group WS
since 20082.170.385.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303B0343/00R000 | Flanders | 743 m² | 1 · 529 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 4,803 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.