W-TECH INDUSTRY

Active

Private limited companyfounded 201511 yrs activeAvenue des Etats-Unis 80, 6041 Charleroi, BelgiumKBO/BCE: BE 0568.652.404

The file of W-TECH INDUSTRY contains 1 historical bankruptcy publication, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.3% (very low). The 2024 annual accounts show negative equity (€-21k) and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 37959 sector peers (fiscal year 2024).

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability40▲+40

Solvency17▼-6

Growth55=

Track record85

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.7 against 0.75 in 2023; short-term debt: 89.1% and cash: 8.3% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-7.7%

Return on assets

-5.7%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-21k

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-01-2026, 165 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

165 d late

2023

88 d late

2022

99 d late

2021

100 d late

2020

122 d late

2019

143 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€482k▲ 108%

2018 · €231k

2018: €231k

2018 → 2020

EBIT margin

3.1%▲ 2.1pp

2018 · 1.0%

2018: 1.0%

2018 → 2020

Net result

€-15k▲ 67.5%

2023 · €-46k

2018: €2k 2019: €21k 2020: €13k 2021: €15k 2022: €-7k 2023: €-46k

2018 → 2024

Working capital

€-72k▼ 65.5%

2023 · €-44k

2018: €-11k 2019: €15k 2020: €-33k 2021: €-32k 2022: €-41k 2023: €-44k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€482k-

Equity€34k-€48k▲ 43.9%€41k▼ 15.0%€-5k€-21k▼ 276%

Operating result€15k-€19k▲ 25.1%€-3k€-46k▼ 1,338%€-14k▲ 69.6%

Net result€13k-€15k▲ 12.3%€-7k€-46k▼ 540%€-15k▲ 67.5%

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 €14k in 2024 against €46k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €265k

38.1%

61.9%

Fixed assets €101k▼ 6.2%

Current assets €164k▲ 27.3%

Key figures and ratios

2024 value · change against 2023

EBITDA

€2k▲

2023 · €-30k

Cash flow

€814▲

2023 · €-31k

Solvency

-7.7%▼

2023 · -2.3%

Current ratio

0.70▼

2023 · 0.75

Quick ratio

0.57▼

2023 · 0.57

Debt / equity

-13.91▲

2023 · -44.38

ROA

-5.7%▲

2023 · -19.6%

Interest coverage

3.44▲

2023 · -444.05

Debt

€286k▲

2023 · €242k

Debt ≤ 1 year

€236k▲

2023 · €173k

Debt > 1 year

€49k▼

2023 · €70k

Income taxes

€603▼

2023 · €620

Staff costs

€12

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€237k€265k▲

Fixed assets21/28€108k€101k▼

Tangible fixed assets22/27€108k€101k▼

Land and buildings22€56k€55k▼

Plant, machinery and equipment23€12k€19k▲

Furniture and vehicles24€39k€26k▼

Other tangible fixed assets26€637€456▼

Financial fixed assets28€170€170=

Current assets29/58€129k€164k▲

Stocks and contracts in progress3€30k€30k=

Stocks30/36€30k€30k=

Amounts receivable within one year40/41€83k€112k▲

Trade receivables40€50k€46k▼

Other amounts receivable41€33k€66k▲

Cash at bank and in hand54/58€15k€22k▲

Deferred charges and accrued income490/1€1k€720▼

Equity and liabilities

Total equity and liabilities10/49€237k€265k▲

Equity10/15€-5k€-21k▼

Contributions10/11€12k€12k=

Profit (loss) carried forward14€-17k€-32k▼

Amounts payable17/49€242k€286k▲

Amounts payable after more than one year17€70k€49k▼

Financial debts170/4€70k€49k▼

Amounts payable within one year42/48€173k€236k▲

Current portion of amounts payable after more than one year42€10k€10k▲

Trade debts44€148k€185k▲

Suppliers440/4€148k€185k▲

Taxes, remuneration and social security45€15k€41k▲

Taxes450/3€15k€41k▲

Accrued charges and deferred income492/3-€476

Income statement Code20232024

Non-recurring operating income76A€2k-

Remuneration, social security and pensions62-€12

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▲

Other operating charges640/8€2k€558▼

Non-recurring operating charges66A-€63

Gross operating margin9900€-28k€3k▲

Operating profit (loss)9901€-46k€-14k▲

Financial income75/76B€20€7▼

Recurring financial income75€20€7▼

Financial charges65/66B€67€579▲

Recurring financial charges65€67€579▲

Profit (loss) for the period before taxes9903€-46k€-14k▲

Income taxes67/77€620€603▼

Profit (loss) for the period9904€-46k€-15k▲

Profit (loss) for the period to be appropriated9905€-46k€-15k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-17k€-32k▼

Profit (loss) brought forward from the previous period14P€29k€-17k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Signals 1Financial 2Filings 9

2026

12-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 165 days late

2024

27-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 88 days late

2023

31-12

Financial Weakest financial yearnet €-46k

Net result drops to €-46k, the lowest in the series; recovery starts the following year.

07-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 99 days late

2022

08-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 100 days late

2021

30-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 122 days late

2020

21-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 143 days late

2019

31-12

Financial Highest result since 2018net €21k ▲942%

Operating result €33k, net result €21k, both a record.

03-12

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 125 days late

2018

04-12

Bankruptcy Judicial dissolution

Tribunal de l’entreprise du Hainaut, division Mons · W-TECH INDUSTRY SPRL - RUE DE L’YSER 260, 7110 HOUDENG-GOEGNIES

30-11

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 122 days late

2016

12-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 43 days late

SignalFinancial 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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