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 €46k and a net result of €4k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 22% of 36375 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 €3k 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.
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
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 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€46k▲ 9.7%
2023 · €42k
2018: €47k
2019: €48k▲ +1.9% vs 2018highest in 7 years
2020: €44k▼ -9.0% vs 2019
2021: €-123k▼ -381% vs 2020lowest in 7 years
2022: €-118k▲ +3.6% vs 2021
2023: €42k▲ +135% vs 2022
2024: €46k▲ +9.7% vs 2023
2018 → 2024
Total assets
€226k▲ 56.9%
2023 · €144k
2018: €105k
2019: €80k▼ -23.0% vs 2018lowest in 7 years
2020: €334k▲ +314% vs 2019highest in 7 years
2021: €103k▼ -69.0% vs 2020
2022: €93k▼ -10.1% vs 2021
2023: €144k▲ +55.3% vs 2022
2024: €226k▲ +56.9% vs 2023
2018 → 2024
Net result
€4k▼ 59.6%
2023 · €10k
2018: €27khighest in 7 years
2019: €3k▼ -90.8% vs 2018
2020: €-4k▼ -271% vs 2019
2021: €-166k▼ -3770% vs 2020lowest in 7 years
2022: €4k▲ +103% vs 2021
2023: €10k▲ +131% vs 2022
2024: €4k▼ -59.6% vs 2023
2018 → 2024
Working capital
€136k▲ 734%
2023 · €16k
2018: €29k
2019: €34k▲ +18.7% vs 2018
2020: €32k▼ -7.8% vs 2019
2021: €-147k▼ -564% vs 2020lowest in 7 years
2022: €-144k▲ +2.0% vs 2021
2023: €16k▲ +111% vs 2022
2024: €136k▲ +734% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€44k-€-123k€-118k▲ 3.6%€42k€46k▲ 9.7%
2020: €44k
2021: €-123k▼ -381% vs 2020lowest in 5 years
2022: €-118k▲ +3.6% vs 2021
2023: €42k▲ +135% vs 2022
2024: €46k▲ +9.7% vs 2023highest in 5 years
Operating result€-2k-€-162k▼ 10,396%€8k€12k▲ 56.5%€8k▼ 33.8%
2020: €-2k
2021: €-162k▼ -10396% vs 2020lowest in 5 years
2022: €8k▲ +105% vs 2021
2023: €12k▲ +56.5% vs 2022highest in 5 years
2024: €8k▼ -33.8% vs 2023
Net result€-4k-€-166k▼ 3,770%€4k€10k▲ 131%€4k▼ 59.6%
2020: €-4k
2021: €-166k▼ -3770% vs 2020lowest in 5 years
2022: €4k▲ +103% vs 2021
2023: €10k▲ +131% vs 2022highest in 5 years
2024: €4k▼ -59.6% vs 2023
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 €226k
Fixed assets
€22k ▼ 15.8%
Current assets
€205k ▲ 72.7%
Equity and liabilities €226k
Equity
€46k ▲ 9.7%
Debt
€181k ▲ 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
€12k▼
2023 · €16k
Cash flow
€8k▼
2023 · €14k
Current ratio
2.96▲
2023 · 1.16
Quick ratio
1.64▲
2023 · 0.55
Debt to equity
3.94▲
2023 · 2.45
ROE
8.9%▼
2023 · 24.1%
ROA
1.8%▼
2023 · 7.0%
Interest coverage
3.04▼
2023 · 28.40
Debt ≤ 1 year
€69k▼
2023 · €102k
Debt > 1 year
€108k
Income taxes
€166▼
2023 · €2k
Staff costs
€-624▼
2023 · €351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€144k€226k▲
Fixed assets21/28€26k€22k▼
Tangible fixed assets22/27€26k€22k▼
Land and buildings22€20k€18k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€5k€3k▼
Current assets29/58€119k€205k▲
Stocks and contracts in progress3€62k€91k▲
Stocks30/36€3k€28k▲
Contracts in progress37€59k€63k▲
Amounts receivable within one year40/41€11k€19k▲
Trade receivables40€2k€12k▲
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€31k€92k▲
Deferred charges and accrued income490/1€14k€2k▼
Equity and liabilities
Total equity and liabilities10/49€144k€226k▲
Equity10/15€42k€46k▲
Contributions10/11€162k€162k=
Reserves13€15k€15k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-136k€-132k▲
Amounts payable17/49€103k€181k▲
Amounts payable after more than one year17-€108k
Financial debts170/4-€108k
Amounts payable within one year42/48€102k€69k▼
Current portion of amounts payable after more than one year42-€8k
Trade debts44€39k€19k▼
Suppliers440/4€39k€19k▼
Taxes, remuneration and social security45€1k€166▼
Taxes450/3€1k€166▼
Remuneration and social security454/9€46€0▼
Other amounts payable47/48€63k€42k▼
Accrued charges and deferred income492/3€197€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€351€-624▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€800€400▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€18k€13k▼
Operating profit (loss)9901€12k€8k▼
Financial income75/76B€42€159▲
Recurring financial income75€42€159▲
Financial charges65/66B€564€4k▲
Recurring financial charges65€564€4k▲
Profit (loss) for the period before taxes9903€12k€4k▼
Income taxes67/77€2k€166▼
Profit (loss) for the period9904€10k€4k▼
Profit (loss) for the period to be appropriated9905€10k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-136k€-132k▲
Profit (loss) brought forward from the previous period14P€-146k€-136k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6k | €5k | €351 | €-624 | ▼ 278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €4k | €4k | ▲ 5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €169 | €31k | €800 | €400 | ▼ 50.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €130k | €0 | - | - | - |
| Other operating charges640/8 | - | €7k | €3k | €1k | €1k | ▲ 29.7% |
| Non-recurring operating charges66A | - | - | €3k | €0 | - | - |
| Gross operating margin9900 | €2k | €-16k | €51k | €18k | €13k | ▼ 27.0% |
| Operating profit (loss)9901 | €-2k | €-162k | €8k | €12k | €8k | ▼ 33.8% |
| Financial income75/76B | - | €167 | €349 | €42 | €159 | ▲ 280% |
| Recurring financial income75 | €2k | €167 | €349 | €42 | €159 | ▲ 280% |
| Financial charges65/66B | - | €3k | €3k | €564 | €4k | ▲ 607% |
| Recurring financial charges65 | €4k | €3k | €3k | €564 | €4k | ▲ 607% |
| Profit (loss) for the period before taxes9903 | €-3k | €-165k | €5k | €12k | €4k | ▼ 63.7% |
| Income taxes67/77 | €974 | €2k | €1k | €2k | €166 | ▼ 89.6% |
| Profit (loss) for the period9904 | €-4k | €-166k | €4k | €10k | €4k | ▼ 59.6% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-166k | €4k | €10k | €4k | ▼ 59.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €334k | €103k | €93k | €144k | €226k | ▲ 56.9% |
| Fixed assets21/28 | €12k | €24k | €26k | €26k | €22k | ▼ 15.8% |
| Tangible fixed assets22/27 | €12k | €24k | €26k | €26k | €22k | ▼ 15.8% |
| Land and buildings22 | - | €13k | €23k | €20k | €18k | ▼ 11.0% |
| Plant, machinery and equipment23 | - | €295 | €128 | €0 | - | - |
| Furniture and vehicles24 | - | - | €3k | €5k | €3k | ▼ 34.1% |
| Other tangible fixed assets26 | - | €11k | €0 | - | - | - |
| Current assets29/58 | €322k | €79k | €67k | €119k | €205k | ▲ 72.7% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €1k | €1k | €23k | €62k | €91k | ▲ 47.7% |
| Stocks30/36 | - | €1k | €1k | €3k | €28k | ▲ 866% |
| Contracts in progress37 | - | - | €21k | €59k | €63k | ▲ 7.5% |
| Amounts receivable within one year40/41 | €508 | €41k | €36k | €11k | €19k | ▲ 74.9% |
| Trade receivables40 | - | €41k | €26k | €2k | €12k | ▲ 658% |
| Other amounts receivable41 | - | - | €10k | €10k | €7k | ▼ 25.2% |
| Cash at bank and in hand54/58 | €36k | €12k | €7k | €31k | €92k | ▲ 194% |
| Deferred charges and accrued income490/1 | - | €25k | €2k | €14k | €2k | ▼ 84.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €334k | €103k | €93k | €144k | €226k | ▲ 56.9% |
| Equity10/15 | €44k | €-123k | €-118k | €42k | €46k | ▲ 9.7% |
| Contributions10/11 | - | €12k | €12k | €162k | €162k | = |
| Reserves13 | €15k | €15k | €15k | €15k | €15k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €13k | €13k | €15k | €15k | = |
| Profit (loss) carried forward14 | €16k | €-150k | €-146k | €-136k | €-132k | ▲ 3.0% |
| Amounts payable17/49 | €290k | €226k | €211k | €103k | €181k | ▲ 76.1% |
| Amounts payable after more than one year17 | - | - | - | - | €108k | - |
| Financial debts170/4 | - | - | - | - | €108k | - |
| Amounts payable within one year42/48 | €290k | €226k | €211k | €102k | €69k | ▼ 32.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8k | - |
| Trade debts44 | €65k | €10k | €8k | €39k | €19k | ▼ 49.8% |
| Suppliers440/4 | - | €10k | €8k | €39k | €19k | ▼ 49.8% |
| Taxes, remuneration and social security45 | - | €11k | €5k | €1k | €166 | ▼ 86.9% |
| Taxes450/3 | - | €10k | €4k | €1k | €166 | ▼ 86.4% |
| Remuneration and social security454/9 | - | €968 | €397 | €46 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €204k | €198k | €63k | €42k | ▼ 32.5% |
| Accrued charges and deferred income492/3 | - | - | - | €197 | €3k | ▲ 1,462% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-166k | €4k | €10k | €4k | ▼ 59.6% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €4k | €4k | ▲ 5.9% |
| Operating cash flow (approximation) | €-2k | €-164k | €7k | €14k | €8k | ▼ 41.5% |
| Investment in fixed assets (approximation) | - | €-15k | €-4k | €-4k | €0 | ▲ 100% |
| Change in cash | - | €-24k | €-6k | €24k | €60k | ▲ 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 €102k to €69k.
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 €211k to €102k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-166k
Net result drops to €-166k, 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 3,959 companies in sector 43331 we hold annual accounts for 1,787. 1,535 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
Scores and ratios are computed by Checked and are not a credit decision.