W.G.
ActiveSummary
W.G. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45,880 and a net result of €4,063. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 22% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▼-31
Solvency45▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.96 against 1.16 in 2023; short-term debt: 30.6% and cash: 40.5% of total assets), but 79.7% of the assets are financed with debt.
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Signals
Five 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
20.3%
Return on assets
1.8%
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 22% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 22%
← 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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
119 d early
2022
34 d early
2021
30 d early
2020
32 d early
2019
57 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 49 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
€45,880▲ 9.7%
2023 · €41,817
Total assets
€226,470▲ 56.9%
2023 · €144,362
Net result
€4,063▼ 59.6%
2023 · €10,057
Working capital
€135,513▲ 734%
2023 · €16,247
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,542-€161,859▼ 10,396%€7,779€12,173▲ 56.5%€8,056▼ 33.8%
Net result-€4,297below the sector's middle half-€166,300below the sector's middle half▼ 3,770%€4,359within the sector's middle half€10,057within the sector's middle half▲ 131%€4,063within the sector's middle half▼ 59.6%
Equity€43,701within the sector's middle half▼ 9.0%-€122,599below the sector's middle half-€118,240below the sector's middle half▲ 3.6%€41,817within the sector's middle half€45,880within the sector's middle half▲ 9.7%
Total assets€333,598above the sector's middle half▲ 314%€103,363within the sector's middle half▼ 69.0%€92,936within the sector's middle half▼ 10.1%€144,362within the sector's middle half▲ 55.3%€226,470within the sector's middle half▲ 56.9%
Debt€289,897▲ 792%€225,962▼ 22.1%€211,176▼ 6.5%€102,545▼ 51.4%€180,591▲ 76.1%
Working capital€31,651within the sector's middle half▼ 7.8%-€146,843below the sector's middle half-€143,967below the sector's middle half▲ 2.0%€16,247within the sector's middle half€135,513above the sector's middle half▲ 734%
Solvency13.1%below the sector's middle half▼ 46.5pp-118.6%below the sector's middle half▼ 131.7pp-127.2%below the sector's middle half▼ 8.6pp29.0%within the sector's middle half▲ 156.2pp20.3%below the sector's middle half▼ 8.7pp
Current ratio1.11within the sector's middle half▼ 0.950.35below the sector's middle half▼ 0.760.32below the sector's middle half▼ 0.031.16within the sector's middle half▲ 0.842.96within the sector's middle half▲ 1.80
Return on assets (ROA)-1.3%below the sector's middle half▼ 4.4pp-160.9%below the sector's middle half▼ 159.6pp4.7%within the sector's middle half▲ 165.6pp7.0%within the sector's middle half▲ 2.3pp1.8%within the sector's middle half▼ 5.2pp
Staff (FTE)0.7
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226,470
Fixed assets
€21,707 ▼ 15.8%
Current assets
€204,764 ▲ 72.7%
Equity and liabilities €226,470
Equity
€45,880 ▲ 9.7%
Debt
€180,591 ▲ 76.1%
Debt's share of the balance-sheet total rises from 71.0% to 79.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,117▼
2023 · €16,009
Cash flow
€8,123▼
2023 · €13,892
Quick ratio
1.64▲
2023 · 0.55
Debt to equity
3.94▲
2023 · 2.45
ROE
8.9%▼
2023 · 24.1%
Interest coverage
3.04▼
2023 · 28.40
Debt ≤ 1 year
€69,250▼
2023 · €102,348
Debt > 1 year
€108,257
Income taxes
€166▼
2023 · €1,594
Staff costs
-€624▼
2023 · €351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,980 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,775 | €5,243 | €351 | -€624 | ▼ 278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,132 | €2,602 | €2,659 | €3,835 | €4,060 | ▲ 5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €169 | €30,585 | €800 | €400 | ▼ 50.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €130,000 | €0 | - | - | - |
| Other operating charges640/8 | - | €6,875 | €2,636 | €1,125 | €1,460 | ▲ 29.7% |
| Non-recurring operating charges66A | - | - | €2,586 | €0 | - | - |
| Gross operating margin9900 | €2,111 | -€16,437 | €51,487 | €18,285 | €13,352 | ▼ 27.0% |
| Operating profit (loss)9901 | -€1,542 | -€161,859 | €7,779 | €12,173 | €8,056 | ▼ 33.8% |
| Financial income75/76B | - | €167 | €349 | €42 | €159 | ▲ 280% |
| Recurring financial income75 | €1,952 | €167 | €349 | €42 | €159 | ▲ 280% |
| Financial charges65/66B | - | €2,885 | €2,758 | €564 | €3,986 | ▲ 607% |
| Recurring financial charges65 | €3,733 | €2,885 | €2,758 | €564 | €3,986 | ▲ 607% |
| Profit (loss) for the period before taxes9903 | -€3,323 | -€164,576 | €5,370 | €11,651 | €4,229 | ▼ 63.7% |
| Income taxes67/77 | €974 | €1,724 | €1,011 | €1,594 | €166 | ▼ 89.6% |
| Profit (loss) for the period9904 | -€4,297 | -€166,300 | €4,359 | €10,057 | €4,063 | ▼ 59.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,297 | -€166,300 | €4,359 | €10,057 | €4,063 | ▼ 59.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €333,598 | €103,363 | €92,936 | €144,362 | €226,470 | ▲ 56.9% |
| Fixed assets21/28 | €12,050 | €24,244 | €25,727 | €25,767 | €21,707 | ▼ 15.8% |
| Tangible fixed assets22/27 | €12,050 | €24,244 | €25,727 | €25,767 | €21,707 | ▼ 15.8% |
| Land and buildings22 | - | €13,069 | €22,764 | €20,499 | €18,235 | ▼ 11.0% |
| Plant, machinery and equipment23 | - | €295 | €128 | €0 | - | - |
| Furniture and vehicles24 | - | - | €2,836 | €5,267 | €3,472 | ▼ 34.1% |
| Other tangible fixed assets26 | - | €10,880 | €0 | - | - | - |
| Current assets29/58 | €321,548 | €79,119 | €67,208 | €118,595 | €204,764 | ▲ 72.7% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €1,285 | €1,024 | €22,756 | €61,831 | €91,332 | ▲ 47.7% |
| Stocks30/36 | - | €1,024 | €1,336 | €2,897 | €27,978 | ▲ 866% |
| Contracts in progress37 | - | - | €21,420 | €58,934 | €63,354 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €508 | €40,734 | €36,077 | €11,142 | €19,484 | ▲ 74.9% |
| Trade receivables40 | - | €40,734 | €25,850 | €1,631 | €12,365 | ▲ 658% |
| Other amounts receivable41 | - | - | €10,228 | €9,511 | €7,119 | ▼ 25.2% |
| Cash at bank and in hand54/58 | €36,326 | €12,325 | €6,775 | €31,208 | €91,672 | ▲ 194% |
| Deferred charges and accrued income490/1 | - | €25,035 | €1,601 | €14,414 | €2,275 | ▼ 84.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €333,598 | €103,363 | €92,936 | €144,362 | €226,470 | ▲ 56.9% |
| Equity10/15 | €43,701 | -€122,599 | -€118,240 | €41,817 | €45,880 | ▲ 9.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €162,400 | €162,400 | = |
| Reserves13 | €15,078 | €15,078 | €15,078 | €15,078 | €15,078 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €13,078 | €13,078 | €15,078 | €15,078 | = |
| Profit (loss) carried forward14 | €16,223 | -€150,077 | -€145,718 | -€135,661 | -€131,598 | ▲ 3.0% |
| Amounts payable17/49 | €289,897 | €225,962 | €211,176 | €102,545 | €180,591 | ▲ 76.1% |
| Amounts payable after more than one year17 | - | - | - | - | €108,257 | - |
| Financial debts170/4 | - | - | - | - | €108,257 | - |
| Amounts payable within one year42/48 | €289,897 | €225,962 | €211,176 | €102,348 | €69,250 | ▼ 32.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,510 | - |
| Trade debts44 | €64,553 | €10,430 | €8,430 | €38,556 | €19,364 | ▼ 49.8% |
| Suppliers440/4 | - | €10,430 | €8,430 | €38,556 | €19,364 | ▼ 49.8% |
| Taxes, remuneration and social security45 | - | €11,124 | €4,649 | €1,266 | €166 | ▼ 86.9% |
| Taxes450/3 | - | €10,156 | €4,251 | €1,220 | €166 | ▼ 86.4% |
| Remuneration and social security454/9 | - | €968 | €397 | €46 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €204,408 | €198,097 | €62,526 | €42,210 | ▼ 32.5% |
| Accrued charges and deferred income492/3 | - | - | - | €197 | €3,083 | ▲ 1,462% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,297 | -€166,300 | €4,359 | €10,057 | €4,063 | ▼ 59.6% |
| + Depreciation and write-downs630 | €2,132 | €2,602 | €2,659 | €3,835 | €4,060 | ▲ 5.9% |
| Operating cash flow (approximation) | -€2,165 | -€163,698 | €7,018 | €13,892 | €8,123 | ▼ 41.5% |
| Investment in fixed assets (approximation) | - | -€14,796 | -€4,142 | -€3,875 | €0 | ▲ 100% |
| Change in cash | - | -€24,001 | -€5,551 | €24,434 | €60,464 | ▲ 147% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 2.96
Current ratio from 1.16 to 2.96; short-term debt falls from €102,348 to €69,250.
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.16
Current ratio from 0.32 to 1.16; short-term debt falls from €211,176 to €102,348.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,359
Net result €4,359 after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€166,300
Net result drops to -€166,300, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Geel · 1 establishment unit since 2001
Ground area
2,200 m²
Building footprint
233 m²
Volume, LiDAR
1,336 m³
Parcel 13008H1095/00B000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kievermont 46, 2440 Geel
since 20012.091.853.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008H1095/00B000 | Flanders | 2,200 m² | 1 · 233 m² | 9.4 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.
Recognitions · licences · registrations
Dual-learning approval
2 endedMedewerker tegelzetwerken en dekvloeren duaal (so)
Tegelzetter (so)
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,536 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
Founded15-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466252175
Also
9925:BE0466252175
Registered
08-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.