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W3BUILD

Active
Private limited company·Vervaardiging van andere producten van kunststof· 5 yrs active
Keltenlaan 20 ·1040 Etterbeek, Belgium
BE 0768.872.478
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Age5 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of W3BUILD is 6.9% (elevated). The 2024 annual accounts show negative equity (€-20k) and a net result of €-15k. Equity is shrinking by ~243.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 40 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
6.9% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Trust signals

3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-15k-63.0%
Working capital€-26k-40.2%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 26-12-2025 with the NBB · fiscal year 2024 · micro
€-15k€-10k€-5k€0Operating result 2022: €653€653Net result 2022: €-803€-803Operating result 2023: €-8k€-8kNet result 2023: €-9k€-9kOperating result 2024: €-15k€-15kNet result 2024: €-15k€-15k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~243.6%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-60k€-40k€-20k€02025: €-32k (€-33k - €-30k)2026: €-44k (€-45k - €-42k)2027: €-56k (€-57k - €-54k)2022: €4k2023: €-5k2024: €-20k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 22 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -66.9% 14.3%
better than 15% of 40 sector peers
Net result €-15k €507
better than 24% of 40 sector peers
Equity €-20k €12k
better than 19% of 40 sector peers
Gross operating margin €-6k €33k
better than 19% of 39 sector peers
Total assets €30k €78k
better than 26% of 40 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-7k
-4008.3% 22-24
Net profit
€-15k
-63.0% 22-24
Cash flow
€-7k
-690.1% 22-24
Total assets
€30k
+3.2% 22-24
Equity
€-20k
-301.9% 22-24
Working capital
€-26k
-40.2% 22-24
Debt
€49k
+47.0% 22-24
Debt ≤ 1y
€49k
+47.0% 22-24
Current ratio
0.48
+5.7% 22-24
Quick ratio
0.48
+5.7% 22-24
Solvency
-66.9%
-289.4% 22-24
Debt / equity
-2.49
+63.4% 22-24
ROE
75.1%
-59.5% 22-24
ROA
-50.3%
-57.9% 22-24
Interest coverage
-20.86
-9095.2% 22-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-7k
Net profit€-15k
Cash flow€-7k
Staff costs-
Income taxes-
Dividends-
Total assets€30k
Equity€-20k
Debt€49k
of which ≤ 1y€49k
of which > 1y-
Working capital€-26k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.48
Quick ratio0.48
Working capital ratio-87.6%
Solvency-66.9%
Debt / equity-2.49
Long-term debt ratio-
Interest coverage-20.86
Gross margin-
Net margin-
ROA-50.3%
ROE75.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€30k
Fixed assets 21/28€6k
Intangible fixed assets 21€4k
Tangible fixed assets 22/27€3k
Current assets 29/58€23k
Amounts receivable within one year 40/41€14k
Cash & bank 54/58€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€30k
Equity 10/15€-20k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€-25k
Amounts payable 17/49€49k
Amounts payable within one year 42/48€49k
Trade debts payable within one year 44€15k
Income statement
Gross operating margin 9900€-6k
Operating result 9901€-15k
Financial income 75€56
Financial charges 65€342
Result before taxes 9903€-15k
Net result for the period 9904€-15k
Result to be appropriated 9905€-15k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
7 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
W3BUILD
Keltenlaan 20, 1040 EtterbeekVervaardiging van andere producten van kunststof
since 20212.317.738.190
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area443 m²
Buildings1
Building footprint354 m²
Volume (LiDAR)3,725 m³
Tallest building21.1 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21005A0542/00A011 Brussels 443 m² 1 · 354 m² 21.1 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health7Profitability100Solvency33Growth32Stability94
53 / 100

Mixed profile: strong on profitability, weaker on health.

Health 7
Profitability 100
Solvency 33
Growth 32
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van andere producten van kunststof22260Overige industrie, neg32990Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Overige gespecialiseerde ontwerpactiviteiten74140Andere vormen van creatie van kunst90130
Primary activity highlighted.
Names & trade names
Legal nameFR W3BUILD
Registered office
Keltenlaan 20
1040 Etterbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.