W & M Projects
ActiveSummary
W & M Projects has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €214k and a net result of €43k. Equity is growing by ~57.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 5894 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+1
Solvency52▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 0.87 in 2023; short-term debt: 29% and cash: 0.9% of total assets), but 73.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
on the day
2022
23 d late
2021
30 d late
2020
51 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€214k▲ 25.2%
2023 · €171k
2018: €20k
2019: €21k
2020: €35k
2021: €73k
2022: €148k
2023: €171k
2018 → 2024
Total assets
€800k▲ 46.9%
2023 · €545k
2018: €158k
2019: €293k
2020: €295k
2021: €493k
2022: €626k
2023: €545k
2018 → 2024
Net result
€43k▲ 88.4%
2023 · €23k
2018: €8k
2019: €1k
2020: €13k
2021: €32k
2022: €75k
2023: €23k
2018 → 2024
Working capital
€129k
2023 · €-30k
2018: €-9k
2019: €-85k
2020: €-83k
2021: €-78k
2022: €-74k
2023: €-30k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€73k▲ 109%€148k▲ 104%€171k▲ 15.5%€214k▲ 25.2%
Operating result€17k-€36k▲ 112%€87k▲ 144%€48k▼ 44.6%€70k▲ 45.3%
Net result€13k-€32k▲ 136%€75k▲ 137%€23k▼ 69.6%€43k▲ 88.4%
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 2024; 2024 is 45% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €800k
Fixed assets
€439k ▲ 27.6%
Current assets
€361k ▲ 79.9%
Equity and liabilities €800k
Equity
€214k ▲ 25.2%
Debt
€586k ▲ 56.7%
Debt's share of the balance-sheet total rises from 68.6% to 73.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€175k▲
2023 · €150k
Cash flow
€148k▲
2023 · €125k
Current ratio
1.56▲
2023 · 0.87
Quick ratio
1.51▲
2023 · 0.44
Debt to equity
2.74▲
2023 · 2.19
ROE
20.2%▲
2023 · 13.4%
ROA
5.4%▲
2023 · 4.2%
Interest coverage
12.44▲
2023 · 7.36
Debt ≤ 1 year
€232k▲
2023 · €231k
Debt > 1 year
€187k▲
2023 · €121k
Income taxes
€13k▲
2023 · €5k
Staff costs
€143k▲
2023 · €58k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€545k€800k▲
Fixed assets21/28€344k€439k▲
Tangible fixed assets22/27€344k€439k▲
Plant, machinery and equipment23€145k€102k▼
Furniture and vehicles24€199k€337k▲
Current assets29/58€201k€361k▲
Stocks and contracts in progress3€100k€11k▼
Contracts in progress37€100k€11k▼
Amounts receivable within one year40/41€60k€336k▲
Trade receivables40€48k€333k▲
Other amounts receivable41€12k€3k▼
Cash at bank and in hand54/58€35k€7k▼
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€545k€800k▲
Equity10/15€171k€214k▲
Contributions10/11€19k€19k=
Reserves13€152k€195k▲
Distributable reserves133€152k€195k▲
Amounts payable17/49€374k€586k▲
Amounts payable after more than one year17€121k€187k▲
Financial debts170/4€121k€187k▲
Amounts payable within one year42/48€231k€232k▲
Current portion of amounts payable after more than one year42€63k€60k▼
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€67k€49k▼
Suppliers440/4€67k€49k▼
Taxes, remuneration and social security45€13k€43k▲
Taxes450/3€7k€19k▲
Remuneration and social security454/9€6k€24k▲
Other amounts payable47/48€87k€78k▼
Accrued charges and deferred income492/3€22k€167k▲
Income statement
Code20232024
Non-recurring operating income76A€520€17k▲
Remuneration, social security and pensions62€58k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€105k▲
Other operating charges640/8€4k€11k▲
Gross operating margin9900€211k€329k▲
Operating profit (loss)9901€48k€70k▲
Financial income75/76B€32€160▲
Recurring financial income75€32€160▲
Financial charges65/66B€20k€14k▼
Recurring financial charges65€20k€14k▼
Profit (loss) for the period before taxes9903€28k€56k▲
Income taxes67/77€5k€13k▲
Profit (loss) for the period9904€23k€43k▲
Profit (loss) for the period to be appropriated9905€23k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€43k▲
Transfer to equity691/2€23k€43k▲
To other reserves6921€23k€43k▲
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €200kEq €214k ▲25.2%
7 profitable years in a row build equity to €214k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €171k ▲15.5%
6 profitable years in a row build equity to €171k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Highest result since 2018net €75k ▲137%
Operating result €87k, net result €75k, both a record.
31-12
Financial
Equity above €100kEq €148k ▲104%
5 profitable years in a row build equity to €148k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €1k ▼81%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Herselt · 1 establishment unit since 2018
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.
Westmeerbeeksesteenweg 1162230 HerseltGround area
1,600 m²
Building footprint
213 m²
Volume, LiDAR
921 m³
Parcel 13034I0679/00E000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
W & M Projects
since 20182.274.646.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034I0679/00E000 | Flanders | 1,600 m² | 1 · 213 m² | 6.7 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 800 EUR awarded · 703 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 275 EUR | 275 EUR |
| 2024 | 1 | 525 EUR | 428 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
81300Landscape service activities
01480Raising of other animals
43110Demolition
49410Freight transport by road
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.