W Properties
ActiveSummary
The annual accounts of W Properties for fiscal year 2025 show a net loss of 214% of total assets and of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €32,706 and a net result of -€96,914. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 7097 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency97▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 6.48 against 3.23 in 2024; short-term debt: 14.7% and cash: 67.4% of total assets), and 27.9% 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
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 2025Solvency, return and age of the figures
Solvency
72.1%
Return on assets
-213.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€96,914
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
17 d early
2023
14 d late
2022
21 d late
2021
31 d late
2020
17 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2019 · €0
Total assets
€45,385▼ 70.1%
2024 · €151,791
Net result
-€96,914▼ 40.6%
2024 · -€68,918
Working capital
€36,608▲ 1.4%
2024 · €36,087
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Turnover€0
Operating result€181,258-€11,558-€11,957▼ 3.5%-€68,847▼ 476%-€96,869▼ 40.7%
Net result€180,969above the sector's middle half-€11,761below the sector's middle half-€12,197below the sector's middle half▼ 3.7%-€68,918below the sector's middle half▼ 465%-€96,914below the sector's middle half▼ 40.6%
Equity€222,496above the sector's middle half▲ 436%€210,735above the sector's middle half▼ 5.3%€198,538above the sector's middle half▼ 5.8%€129,620within the sector's middle half▼ 34.7%€32,706within the sector's middle half▼ 74.8%
Total assets€271,432within the sector's middle half▲ 539%€210,826within the sector's middle half▼ 22.3%€200,063within the sector's middle half▼ 5.1%€151,791within the sector's middle half▼ 24.1%€45,385below the sector's middle half▼ 70.1%
Debt€48,935▲ 4,879%€91▼ 99.8%€1,525▲ 1,583%€22,170▲ 1,354%€12,679▼ 42.8%
Working capital€61,988within the sector's middle half▲ 52.4%€43,175within the sector's middle half▼ 30.3%€33,071within the sector's middle half▼ 23.4%€36,087within the sector's middle half▲ 9.1%€36,608within the sector's middle half▲ 1.4%
Solvency82.0%above the sector's middle half▼ 15.7pp100.0%above the sector's middle half▲ 18.0pp99.2%above the sector's middle half▼ 0.7pp85.4%above the sector's middle half▼ 13.8pp72.1%within the sector's middle half▼ 13.3pp
Current ratio2.27within the sector's middle half▼ 40.1122.68above the sector's middle half3.23within the sector's middle half▼ 19.456.48above the sector's middle half▲ 3.25
Return on assets (ROA)66.7%above the sector's middle half▲ 101.9pp-5.6%below the sector's middle half▼ 72.3pp-6.1%below the sector's middle half▼ 0.5pp-45.4%below the sector's middle half▼ 39.3pp-213.5%below the sector's middle half▼ 168.1pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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 stays negative: a loss of €96,869 in 2025 against €68,847 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45,385
Fixed assets
€2,098 ▼ 97.9%
Current assets
€43,287 ▼ 17.2%
Equity and liabilities €45,385
Equity
€32,706 ▼ 74.8%
Debt
€12,679 ▼ 42.8%
Debt's share of the balance-sheet total rises from 14.6% to 27.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€95,434▼
2024 · -€66,913
Cash flow
-€95,479▼
2024 · -€66,984
Debt to equity
0.39▲
2024 · 0.17
ROE
-296.3%▼
2024 · -53.2%
Interest coverage
-2115.10▼
2024 · -946.44
Debt ≤ 1 year
€6,679▼
2024 · €16,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 5,836 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - |
| Non-recurring operating income76A | €200,000 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €350 | €1,560 | €2,068 | €1,934 | €1,436 | ▼ 25.8% |
| Other operating charges640/8 | - | €0 | - | - | €108 | - |
| Non-recurring operating charges66A | - | - | - | €63,999 | €95,999 | ▲ 50.0% |
| Gross operating margin9900 | €181,607 | -€9,997 | -€9,890 | -€2,914 | €673 | ▲ 123% |
| Operating profit (loss)9901 | €181,258 | -€11,558 | -€11,957 | -€68,847 | -€96,869 | ▼ 40.7% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €289 | €204 | €240 | €71 | €45 | ▼ 36.2% |
| Recurring financial charges65 | €289 | €204 | €240 | €71 | €45 | ▼ 36.2% |
| Profit (loss) for the period before taxes9903 | €180,969 | -€11,761 | -€12,197 | -€68,918 | -€96,914 | ▼ 40.6% |
| Income taxes67/77 | - | - | - | €0 | - | - |
| Profit (loss) for the period9904 | €180,969 | -€11,761 | -€12,197 | -€68,918 | -€96,914 | ▼ 40.6% |
| Profit (loss) for the period to be appropriated9905 | €180,969 | -€11,761 | -€12,197 | -€68,918 | -€96,914 | ▼ 40.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271,432 | €210,826 | €200,063 | €151,791 | €45,385 | ▼ 70.1% |
| Fixed assets21/28 | €160,508 | €167,560 | €165,467 | €99,533 | €2,098 | ▼ 97.9% |
| Tangible fixed assets22/27 | €483 | €7,535 | €5,467 | €3,533 | €2,098 | ▼ 40.6% |
| Furniture and vehicles24 | €483 | €7,535 | €5,467 | €3,533 | €2,098 | ▼ 40.6% |
| Financial fixed assets28 | €160,025 | €160,025 | €160,000 | €96,000 | - | - |
| Current assets29/58 | €110,923 | €43,266 | €34,596 | €52,257 | €43,287 | ▼ 17.2% |
| Amounts receivable within one year40/41 | €7,359 | €15,935 | €13,203 | €22,523 | €12,588 | ▼ 44.1% |
| Trade receivables40 | €756 | €1,662 | - | €12,000 | €2,104 | ▼ 82.5% |
| Other amounts receivable41 | €6,603 | €14,273 | €13,203 | €10,523 | €10,484 | ▼ 0.4% |
| Cash at bank and in hand54/58 | €103,564 | €27,331 | €21,393 | €29,734 | €30,605 | ▲ 2.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €94 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271,432 | €210,826 | €200,063 | €151,791 | €45,385 | ▼ 70.1% |
| Equity10/15 | €222,496 | €210,735 | €198,538 | €129,620 | €32,706 | ▼ 74.8% |
| Contributions10/11 | €15,741 | €15,741 | €15,741 | €15,741 | €15,741 | = |
| Reserves13 | €2,231 | €2,231 | €2,231 | €2,231 | €2,231 | = |
| Non-distributable reserves130/1 | €2,231 | €2,231 | €2,231 | €2,231 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €2,231 | €2,231 | €2,231 | €2,231 | - | - |
| Distributable reserves133 | - | - | - | - | €2,231 | - |
| Profit (loss) carried forward14 | €204,524 | €192,763 | €180,566 | €111,648 | €14,734 | ▼ 86.8% |
| Amounts payable17/49 | €48,935 | €91 | €1,525 | €22,170 | €12,679 | ▼ 42.8% |
| Amounts payable within one year42/48 | €48,935 | €91 | €1,525 | €16,170 | €6,679 | ▼ 58.7% |
| Trade debts44 | €46,539 | €91 | €1,489 | €15,349 | €3,557 | ▼ 76.8% |
| Suppliers440/4 | €46,539 | €91 | €1,489 | €15,349 | €3,557 | ▼ 76.8% |
| Taxes, remuneration and social security45 | €2,397 | €0 | €37 | €822 | €3,122 | ▲ 280% |
| Taxes450/3 | €2,397 | €0 | €37 | €822 | €3,122 | ▲ 280% |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €6,000 | €6,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €180,969 | -€11,761 | -€12,197 | -€68,918 | -€96,914 | ▼ 40.6% |
| + Depreciation and write-downs630 | €350 | €1,560 | €2,068 | €1,934 | €1,436 | ▼ 25.8% |
| Operating cash flow (approximation) | €181,318 | -€10,201 | -€10,129 | -€66,984 | -€95,479 | ▼ 42.5% |
| Investment in fixed assets (approximation) | - | -€8,612 | €25 | €64,000 | €96,000 | ▲ 50.0% |
| Change in cash | - | -€76,233 | -€5,938 | €8,341 | €871 | ▼ 89.6% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€96,914
Net result drops to -€96,914, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 6.48
Current ratio from 3.23 to 6.48; short-term debt falls from €16,170 to €6,679.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Liquidity times 211current ratio 477.55
Current ratio from 2.27 to 477.55; short-term debt falls from €48,935 to €91.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €180,969
Net result €180,969 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €222,496 ▲436%
Equity rises from €41,528 to €222,496.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 67.65
Current ratio from 21.23 to 67.65; short-term debt falls from €3,261 to €848.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 1999
Ground area
1,337 m²
Building footprint
549 m²
Volume, LiDAR
9,145 m³
2 parcels, Brussels · tallest building 21.7 m, ±7 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
W PROPERTIES
since 19992.096.308.273
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0443/00N004 | Brussels | 1,150 m² | 1 · 414 m² | 18.4 m · 5 fl. |
| 21906D0285/00D000 ProtectedSite or landscapeLouis Bertrandlaan |
Brussels | 188 m² | 1 · 135 m² | 21.7 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
17.77%
According to the 2023 annual accounts of W Properties and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,217 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
Founded01-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
dan@wproperties.euSchaarbeek
Phone
0486291701Schaarbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467336201
Also
9925:BE0467336201
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.