Equity
€38,779 from €105,716 in 2014
Equity fell by 63% in 11 years.
ProcessWise
Lifetime
13 annual accounts with figures on one time axispeak €86,235 (2014)
€63,832▲ 9.6%
lowest -€14,595 (2015)
€23,810▲ 12.5%
peak €105,716 (2014)
€38,779▲ 49.7%
€216,372▼ 11.0%
Board2 names since 2021
2 directorsKARAKOULKO DIMITRI and 1 other
Documentsfilings and deeds
19-06-202642 days before the deadline
2025micro format
Dividend €10,930Equity from €25,899 to €38,779
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 60% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.3%▼ -0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Equity €38,779 (15.2% of total assets)
lowers risk
Liquidity: current ratio 2.36, cash €76,329
Founded in 2012
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 18% of them on solvency, 81% on liquidity, 60% on profitability and 83% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as ProcessWise has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ProcessWise itself is lower: 0.3% within 12 months. It rests on far more data about ProcessWise than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for ProcessWise. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.36 (1.9 in 2024), above the usual 1.5. Short-term debt is 17.4% and cash 29.9% of total assets. However, 84.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
29 days early
2023
40 days early
2022
45 days early
2021
39 days early
2020
31 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0849159180
Amendment of the articles · Legal-form change · Resignations & appointments
Board composition: Karakoulko, Dimitri (director) · Board composition: Telepina, Antonina (director) · General meeting of 14-06-2023 · Gazette deed
Incorporation
published on 10-10-2012 · Gazette deed
First establishment
Kleigroeveërf 11, Evere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ProcessWise Evere | €255,151 | €63,832 | 15.2% | - |
| ALL ECOTEC Evere | €241,633 | €61,288 | 65.1% | - |
| ALGOBAT Koekelberg | €254,691 | €58,734 | 65.6% | - |
| A & F ELEC Ixelles | €300,184 | €55,557 | 71.5% | - |
| SPRUYT MARIO Tielt | €256,991 | €63,280 | 25.6% | - |
| FHLinK Kaprijke | €247,764 | €71,390 | 46.4% | - |
| SK Solution Brecht | €249,782 | €58,252 | 31.1% | - |
These companies have the same main activity as ProcessWise: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €242,000 and €300,000, founded between 2011 and 2013.
Official details
Source: KBO- Status
- Active since 01-10-2012Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.214.224.1461140 Evere, since 28-09-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 06-10-2025
Annual accounts 2025
- ≈ €250,000estimated
- €255,151▼ 5.1%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on ProcessWise
ProcessWise files the micro format. That format states no turnover. The gross margin rose from €63,821 in 2013 to €63,832 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ProcessWise
- What is the company number of ProcessWise?
- The company number of ProcessWise is 0849.159.180. The VAT number is the same number with BE in front: BE 0849.159.180.
- Where is ProcessWise based?
- The registered office is at Kleigroeveërf 11, 1140 Evere.Company details
- What does ProcessWise do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ProcessWise?
- ProcessWise is a private limited company (BV).
- When was ProcessWise founded?
- ProcessWise was founded on 01-10-2012.
- Is ProcessWise still active?
- Yes, ProcessWise is an active enterprise in the KBO register.
- What is the turnover of ProcessWise?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €63,832 and 40 comparable companies (NACE 43211). It probably lies between €150,000 and €390,000.Financials
- Is ProcessWise profitable?
- In financial year 2025, ProcessWise made a profit of €23,810.
- Where can I find the annual accounts of ProcessWise?
- ProcessWise filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ProcessWise due?
- ProcessWise must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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