W&J Projects
ActiveThe computed 12-month bankruptcy probability of W&J Projects is 2.2% (moderate). The 2025 annual accounts show equity of €225k and a net result of €56k. Equity is growing by ~49.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 27711 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+1
Solvency55▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.58 in 2024; short-term debt: 44.7% and cash: 10% of total assets), and 69.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.5%
Return on assets
7.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-10-2025, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
38 d early
2023
32 d early
2022
35 d early
2021
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€225k▲ 32.9%
2024 · €169k
2021: €45k
2022: €68k
2023: €130k
2024: €169k
2021 → 2025
Total assets
€737k▼ 10.4%
2024 · €822k
2021: €123k
2022: €129k
2023: €183k
2024: €822k
2021 → 2025
Net result
€56k▼ 2.6%
2024 · €57k
2021: €30k
2022: €22k
2023: €63k
2024: €57k
2021 → 2025
Working capital
€-160k▲ 16.1%
2024 · €-191k
2021: €7k
2022: €38k
2023: €99k
2024: €-191k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€68k▲ 49.5%€130k▲ 92.2%€169k▲ 29.7%€225k▲ 32.9%
Operating result€42k-€30k▼ 27.3%€80k▲ 165%€67k▼ 15.6%€79k▲ 16.9%
Net result€30k-€22k▼ 26.0%€63k▲ 178%€57k▼ 8.7%€56k▼ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €737k
Fixed assets
€567k▲ 1.1%
Current assets
€169k▼ 35.2%
Equity and liabilities €737k
Equity
€225k▲ 32.9%
Debt
€512k▼ 21.6%
The debt ratio falls from 79.4% to 69.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€121k▲
2024 · €97k
Cash flow
€98k▲
2024 · €86k
Solvency
30.5%▲
2024 · 20.6%
Current ratio
0.51▼
2024 · 0.58
Quick ratio
0.30▼
2024 · 0.48
Debt / equity
2.28▼
2024 · 3.86
ROE
24.7%▼
2024 · 33.7%
ROA
7.5%▲
2024 · 6.9%
Interest coverage
13.70▼
2024 · 60.46
Debt
€512k▼
2024 · €653k
Debt ≤ 1 year
€329k▼
2024 · €452k
Debt > 1 year
€181k▼
2024 · €191k
Income taxes
€18k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€822k€737k▼
Fixed assets21/28€561k€567k▲
Tangible fixed assets22/27€561k€567k▲
Land and buildings22€516k€524k▲
Plant, machinery and equipment23€37k€28k▼
Furniture and vehicles24€8k€15k▲
Current assets29/58€261k€169k▼
Stocks and contracts in progress3€46k€69k▲
Stocks30/36€46k€69k▲
Amounts receivable within one year40/41€148k€25k▼
Trade receivables40€31k€12k▼
Other amounts receivable41€118k€13k▼
Cash at bank and in hand54/58€66k€73k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€822k€737k▼
Equity10/15€169k€225k▲
Contributions10/11€15k€15k=
Reserves13€154k€210k▲
Distributable reserves133€154k€210k▲
Amounts payable17/49€653k€512k▼
Amounts payable after more than one year17€191k€181k▼
Financial debts170/4€191k€181k▼
Amounts payable within one year42/48€452k€329k▼
Current portion of amounts payable after more than one year42€11k€10k▼
Trade debts44€15k€18k▲
Suppliers440/4€15k€18k▲
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€16k€6k▼
Other amounts payable47/48€411k€296k▼
Accrued charges and deferred income492/3€10k€2k▼
Income statement
Code20242025
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€42k▲
Other operating charges640/8€922€1k▲
Non-recurring operating charges66A€496-
Gross operating margin9900€98k€122k▲
Operating profit (loss)9901€67k€79k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€2k€9k▲
Recurring financial charges65€2k€9k▲
Profit (loss) for the period before taxes9903€68k€73k▲
Income taxes67/77€11k€18k▲
Profit (loss) for the period9904€57k€56k▼
Profit (loss) for the period to be appropriated9905€57k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€56k▼
Transfer from equity791/2€18k-
Transfer to equity691/2€57k€56k▼
To other reserves6921€57k€56k▼
Profit to be distributed694/7€18k-
Return on contributions (dividend)694€18k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €200kEq €225k ▲32.9%
5 profitable years in a row build equity to €225k.
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150kEq €169k ▲29.7%
4 profitable years in a row build equity to €169k.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2021net €63k ▲178%
Operating result €80k, net result €63k, both a record.
31-03
Financial
Equity above €100kEq €130k ▲92.2%
3 profitable years in a row build equity to €130k.
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €22k ▼26%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Vorselaar · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Rotselaarlaan 162290 VorselaarGround area
1,074 m²
Building footprint
192 m²
Volume, LiDAR
894 m³
Parcel 13044E0204/00G000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
W&J Projects
since 20202.310.936.314
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044E0204/00G000 | Flanders | 1,074 m² | 1 · 192 m² | 8.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LEUNTJENS PROJECTEN
BE 0821.733.916
Eeklo · Eq €225k
MEUKENS
BE 0472.893.311
Beringen · Eq €225k
ACCARDO
BE 0827.027.740
Seraing · Eq €225k
Feralu
BE 0418.594.491
Namur · Eq €224k
Werkhuizen De Bruyn
BE 0417.329.929
Antwerpen · Eq €225k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2020
Fiscal year end31-03
Activities, NACEBEL
43320Joinery installation
16281Manufacture of other wood products
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.