ProcessWise
ActiveSummary
The computed 12-month bankruptcy probability of ProcessWise is 1.9% (moderate). The 2024 annual accounts show equity of €25,899 and a net result of €21,163. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 36377 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-3
Solvency35▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.83 in 2023; short-term debt: 19.6% and cash: 26.6% of total assets), but 90.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
9.6%
Return on assets
7.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
40 d early
2022
45 d early
2021
39 d early
2020
31 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€25,899▲ 0.1%
2023 · €25,886
Total assets
€268,904▼ 8.1%
2023 · €292,721
Net result
€21,163▼ 32.5%
2023 · €31,357
Working capital
€47,783▼ 3.1%
2023 · €49,336
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€45,217▼ 3.3%€52,130▲ 15.3%€37,268▼ 28.5%€47,748▲ 28.1%€34,000▼ 28.8%
Net result€29,714▲ 3.0%€34,693▲ 16.8%€22,073▼ 36.4%€31,357▲ 42.1%€21,163▼ 32.5%
Equity€8,113▲ 0.2%€18,106▲ 123%€25,879▲ 42.9%€25,886=€25,899▲ 0.1%
Total assets€320,713▼ 8.1%€312,883▼ 2.4%€305,254▼ 2.4%€292,721▼ 4.1%€268,904▼ 8.1%
Debt€312,600▼ 8.3%€294,777▼ 5.7%€279,375▼ 5.2%€266,835▼ 4.5%€243,005▼ 8.9%
Working capital€37,870▲ 6.8%€45,703▲ 20.7%€48,799▲ 6.8%€49,336▲ 1.1%€47,783▼ 3.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €268,904
Fixed assets
€168,303 ▼ 8.6%
Current assets
€100,601 ▼ 7.4%
Equity and liabilities €268,904
Equity
€25,899 ▲ 0.1%
Debt
€243,005 ▼ 8.9%
Debt's share of the balance-sheet total falls from 91.2% to 90.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,630▼
2023 · €67,387
Cash flow
€40,793▼
2023 · €50,996
Current ratio
1.90▲
2023 · 1.83
Debt to equity
9.38▼
2023 · 10.31
ROE
81.7%▼
2023 · 121.1%
ROA
7.9%▼
2023 · 10.7%
Interest coverage
8.57▼
2023 · 9.97
Debt ≤ 1 year
€52,818▼
2023 · €59,299
Debt > 1 year
€189,402▼
2023 · €206,680
Income taxes
€6,580▼
2023 · €9,642
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 | - | €1,638 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,310 | €19,520 | €19,876 | €19,639 | €19,630 | = |
| Other operating charges640/8 | - | €4,394 | €4,056 | €4,438 | €4,609 | ▲ 3.9% |
| Gross operating margin9900 | €70,928 | €76,044 | €61,200 | €71,825 | €58,239 | ▼ 18.9% |
| Operating profit (loss)9901 | €45,217 | €52,130 | €37,268 | €47,748 | €34,000 | ▼ 28.8% |
| Financial income75/76B | - | €723 | €184 | €7 | - | - |
| Recurring financial income75 | €1,331 | €723 | €184 | €7 | - | - |
| Financial charges65/66B | - | €6,718 | €7,084 | €6,756 | €6,257 | ▼ 7.4% |
| Recurring financial charges65 | €7,043 | €6,718 | €7,084 | €6,756 | €6,257 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €39,505 | €46,135 | €30,368 | €40,999 | €27,743 | ▼ 32.3% |
| Income taxes67/77 | €9,791 | €11,442 | €8,295 | €9,642 | €6,580 | ▼ 31.8% |
| Profit (loss) for the period9904 | €29,714 | €34,693 | €22,073 | €31,357 | €21,163 | ▼ 32.5% |
| Profit (loss) for the period to be appropriated9905 | €29,714 | €34,693 | €22,073 | €31,357 | €21,163 | ▼ 32.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320,713 | €312,883 | €305,254 | €292,721 | €268,904 | ▼ 8.1% |
| Fixed assets21/28 | €226,462 | €212,513 | €200,702 | €184,086 | €168,303 | ▼ 8.6% |
| Tangible fixed assets22/27 | €226,412 | €212,463 | €200,652 | €184,036 | €168,253 | ▼ 8.6% |
| Land and buildings22 | - | €208,873 | €199,169 | €181,819 | €164,133 | ▼ 9.7% |
| Plant, machinery and equipment23 | - | €826 | €452 | €2,217 | €3,707 | ▲ 67.2% |
| Furniture and vehicles24 | - | €2,764 | €1,031 | - | €413 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €94,251 | €100,370 | €104,552 | €108,635 | €100,601 | ▼ 7.4% |
| Amounts receivable after more than one year29 | - | €13,570 | - | - | - | - |
| Other amounts receivable291 | - | €13,570 | - | - | - | - |
| Amounts receivable within one year40/41 | €14,230 | €19,755 | €37,548 | €23,944 | €26,749 | ▲ 11.7% |
| Trade receivables40 | - | €17,385 | €33,696 | €22,533 | €25,624 | ▲ 13.7% |
| Other amounts receivable41 | - | €2,370 | €3,852 | €1,411 | €1,125 | ▼ 20.3% |
| Cash at bank and in hand54/58 | €43,450 | €64,687 | €65,598 | €82,766 | €71,481 | ▼ 13.6% |
| Deferred charges and accrued income490/1 | - | €2,358 | €1,406 | €1,925 | €2,371 | ▲ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320,713 | €312,883 | €305,254 | €292,721 | €268,904 | ▼ 8.1% |
| Equity10/15 | €8,113 | €18,106 | €25,879 | €25,886 | €25,899 | ▲ 0.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €11,860 | €19,630 | €19,630 | €19,630 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €10,000 | €17,770 | €19,630 | €19,630 | = |
| Profit (loss) carried forward14 | €53 | €46 | €49 | €56 | €69 | ▲ 23.2% |
| Amounts payable17/49 | €312,600 | €294,777 | €279,375 | €266,835 | €243,005 | ▼ 8.9% |
| Amounts payable after more than one year17 | €256,171 | €240,055 | €223,561 | €206,680 | €189,402 | ▼ 8.4% |
| Financial debts170/4 | - | €240,055 | €223,561 | €206,680 | €189,402 | ▼ 8.4% |
| Amounts payable within one year42/48 | €56,381 | €54,667 | €55,753 | €59,299 | €52,818 | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €20,209 | €16,494 | €16,881 | €17,278 | ▲ 2.4% |
| Trade debts44 | €3,047 | €3,427 | €19,218 | €2,962 | €7,137 | ▲ 141% |
| Suppliers440/4 | - | €3,427 | €19,218 | €2,962 | €7,137 | ▲ 141% |
| Taxes, remuneration and social security45 | - | €4,296 | €5,718 | €6,596 | €6,732 | ▲ 2.1% |
| Taxes450/3 | - | €4,296 | €5,534 | €6,596 | €4,197 | ▼ 36.4% |
| Remuneration and social security454/9 | - | - | €184 | - | €2,535 | - |
| Other amounts payable47/48 | - | €26,735 | €14,323 | €32,860 | €21,671 | ▼ 34.1% |
| Accrued charges and deferred income492/3 | - | €55 | €61 | €856 | €785 | ▼ 8.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,714 | €34,693 | €22,073 | €31,357 | €21,163 | ▼ 32.5% |
| + Depreciation and write-downs630 | €19,310 | €19,520 | €19,876 | €19,639 | €19,630 | = |
| Operating cash flow (approximation) | €49,024 | €54,213 | €41,949 | €50,996 | €40,793 | ▼ 20.0% |
| Investment in fixed assets (approximation) | - | -€5,571 | -€8,065 | -€3,023 | -€3,847 | ▼ 27.3% |
| Change in cash | - | €21,237 | €911 | €17,168 | -€11,285 | ▼ 166% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €21,163 ▼32.5%
Net result drops to €21,163, the lowest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €34,693 ▲16.8%
Operating result €52,130, net result €34,693, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Evere · 1 establishment unit since 2012
Ground area
283 m²
Building footprint
85 m²
Volume, LiDAR
594 m³
Parcel 21372C0112/00T010, Brussels · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ProcessWise
since 20122.214.224.146
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0112/00T010 | Brussels | 283 m² | 1 · 85 m² | 9.8 m · 2 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 22,831 companies in sector 43211 we hold annual accounts for 10,327. 7,732 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
Founded01-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
62200Computer consultancy and computer facilities management
Contact
E-mail
dimikar@hotmail.comEvere
Phone
0477/59.74.85Evere
Scores and ratios are computed by Checked and are not a credit decision.