WBC
ActiveSummary
WBC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €402k and a net result of €211k. Equity is growing by ~97.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-1
Solvency31▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.25 in 2023; short-term debt: 7.7% and cash: 0.6% of total assets), and 93.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9715 sector peers (2024).
NBB · sector comparisonPosition among 9715 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
36 d early
2022
31 d late
2021
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€663k
EBIT margin
48.7%
Net result
€211k▼ 26.2%
2023 · €287k
2021: €-393klowest in 4 years
2022: €197k▲ +150% vs 2021
2023: €287k▲ +45.7% vs 2022highest in 4 years
2024: €211k▼ -26.2% vs 2023
2021 → 2024
Working capital
€69k▼ 54.2%
2023 · €150k
2021: €-14klowest in 4 years
2022: €259k▲ +1925% vs 2021highest in 4 years
2023: €150k▼ -42.1% vs 2022
2024: €69k▼ -54.2% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€663k
Equity€-293k-€-96k▲ 67.2%€191k€402k▲ 111%
2021: €-293klowest in 4 years
2022: €-96k▲ +67.2% vs 2021
2023: €191k▲ +299% vs 2022
2024: €402k▲ +111% vs 2023highest in 4 years
Operating result€-379k-€256k€320k▲ 25.1%€323k▲ 0.9%
2021: €-379klowest in 4 years
2022: €256k▲ +168% vs 2021
2023: €320k▲ +25.1% vs 2022
2024: €323k▲ +0.9% vs 2023highest in 4 years
Net result€-393k-€197k€287k▲ 45.7%€211k▼ 26.2%
2021: €-393klowest in 4 years
2022: €197k▲ +150% vs 2021
2023: €287k▲ +45.7% vs 2022highest in 4 years
2024: €211k▼ -26.2% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.22M
Fixed assets
€5.67M ▲ 59.0%
Current assets
€550k ▼ 27.0%
Equity and liabilities €6.22M
Equity
€402k ▲ 111%
Debt
€5.82M ▲ 40.9%
Debt's share of the balance-sheet total falls from 95.6% to 93.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€602k▲
2023 · €475k
Cash flow
€490k▲
2023 · €441k
Current ratio
1.14▼
2023 · 1.25
Debt to equity
14.47▼
2023 · 21.65
ROE
52.6%▼
2023 · 150.3%
ROA
3.4%▼
2023 · 6.6%
Interest coverage
4.98▼
2023 · 7.89
Debt ≤ 1 year
€482k▼
2023 · €604k
Debt > 1 year
€5.32M▲
2023 · €3.52M
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.32M€6.22M▲
Fixed assets21/28€3.56M€5.67M▲
Tangible fixed assets22/27€3.56M€5.67M▲
Land and buildings22€3.28M€5.66M▲
Plant, machinery and equipment23€9k€8k▼
Assets under construction and advance payments27€278k-
Current assets29/58€754k€550k▼
Amounts receivable after more than one year29-€450k
Other amounts receivable291-€450k
Amounts receivable within one year40/41€677k€61k▼
Trade receivables40€72k€61k▼
Other amounts receivable41€604k€6▼
Cash at bank and in hand54/58€77k€38k▼
Deferred charges and accrued income490/1€0€1k▲
Equity and liabilities
Total equity and liabilities10/49€4.32M€6.22M▲
Equity10/15€191k€402k▲
Contributions10/11€100k€100k=
Profit (loss) carried forward14€91k€302k▲
Amounts payable17/49€4.13M€5.82M▲
Amounts payable after more than one year17€3.52M€5.32M▲
Financial debts170/4€3.52M€5.32M▲
Amounts payable within one year42/48€604k€482k▼
Current portion of amounts payable after more than one year42€280k€311k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€299k€133k▼
Suppliers440/4€299k€133k▼
Taxes, remuneration and social security45€25k€39k▲
Taxes450/3€25k€39k▲
Accrued charges and deferred income492/3-€15k
Income statement
Code20232024
Turnover70-€663k
Goods, raw materials, services and sundry goods60/61-€77k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€154k€278k▲
Other operating charges640/8€28k€83k▲
Gross operating margin9900€503k€685k▲
Operating profit (loss)9901€320k€323k▲
Financial income75/76B€26k€9k▼
Recurring financial income75€26k€9k▼
Financial charges65/66B€60k€121k▲
Recurring financial charges65€60k€121k▲
Profit (loss) for the period before taxes9903€287k€211k▼
Profit (loss) for the period9904€287k€211k▼
Profit (loss) for the period to be appropriated9905€287k€211k▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€302k▲
Profit (loss) brought forward from the previous period14P€-196k€91k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €663k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €77k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64k | €147k | €154k | €278k | ▲ 80.5% |
| Other operating charges640/8 | €3k | €348 | €28k | €83k | ▲ 195% |
| Gross operating margin9900 | €-312k | €403k | €503k | €685k | ▲ 36.2% |
| Operating profit (loss)9901 | €-379k | €256k | €320k | €323k | ▲ 0.9% |
| Financial income75/76B | - | €135 | €26k | €9k | ▼ 66.7% |
| Recurring financial income75 | - | €135 | €26k | €9k | ▼ 66.7% |
| Financial charges65/66B | €14k | €60k | €60k | €121k | ▲ 101% |
| Recurring financial charges65 | €14k | €60k | €60k | €121k | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €-393k | €197k | €287k | €211k | ▼ 26.2% |
| Profit (loss) for the period9904 | €-393k | €197k | €287k | €211k | ▼ 26.2% |
| Profit (loss) for the period to be appropriated9905 | €-393k | €197k | €287k | €211k | ▼ 26.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.38M | €3.99M | €4.32M | €6.22M | ▲ 44.0% |
| Fixed assets21/28 | €2.99M | €3.44M | €3.56M | €5.67M | ▲ 59.0% |
| Tangible fixed assets22/27 | €2.99M | €3.44M | €3.56M | €5.67M | ▲ 59.0% |
| Land and buildings22 | €515k | €3.43M | €3.28M | €5.66M | ▲ 72.7% |
| Plant, machinery and equipment23 | - | €10k | €9k | €8k | ▼ 12.2% |
| Assets under construction and advance payments27 | €2.47M | €0 | €278k | - | - |
| Current assets29/58 | €1.39M | €554k | €754k | €550k | ▼ 27.0% |
| Amounts receivable after more than one year29 | - | - | - | €450k | - |
| Other amounts receivable291 | - | - | - | €450k | - |
| Amounts receivable within one year40/41 | €67k | €130k | €677k | €61k | ▼ 90.9% |
| Trade receivables40 | - | - | €72k | €61k | ▼ 15.3% |
| Other amounts receivable41 | €67k | €130k | €604k | €6 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €1.32M | €424k | €77k | €38k | ▼ 51.4% |
| Deferred charges and accrued income490/1 | - | €620 | €0 | €1k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.38M | €3.99M | €4.32M | €6.22M | ▲ 44.0% |
| Equity10/15 | €-293k | €-96k | €191k | €402k | ▲ 111% |
| Contributions10/11 | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €-393k | €-196k | €91k | €302k | ▲ 233% |
| Amounts payable17/49 | €4.67M | €4.09M | €4.13M | €5.82M | ▲ 40.9% |
| Amounts payable after more than one year17 | €3.27M | €3.79M | €3.52M | €5.32M | ▲ 51.0% |
| Financial debts170/4 | €3.27M | €3.79M | €3.52M | €5.32M | ▲ 51.0% |
| Amounts payable within one year42/48 | €1.40M | €295k | €604k | €482k | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | €98k | €267k | €280k | €311k | ▲ 10.8% |
| Financial debts43 | - | €9k | €0 | - | - |
| Credit institutions430/8 | - | €9k | €0 | - | - |
| Trade debts44 | €1.08M | €1k | €299k | €133k | ▼ 55.6% |
| Suppliers440/4 | €1.08M | €1k | €299k | €133k | ▼ 55.6% |
| Taxes, remuneration and social security45 | - | €17k | €25k | €39k | ▲ 53.8% |
| Taxes450/3 | - | €17k | €25k | €39k | ▲ 53.8% |
| Other amounts payable47/48 | €220k | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €15k | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-393k | €197k | €287k | €211k | ▼ 26.2% |
| + Depreciation and write-downs630 | €64k | €147k | €154k | €278k | ▲ 80.5% |
| Operating cash flow (approximation) | €-328k | €344k | €441k | €490k | ▲ 11.1% |
| Investment in fixed assets (approximation) | - | €-597k | €-279k | €-2.38M | ▼ 753% |
| Change in cash | - | €-898k | €-346k | €-40k | ▲ 88.5% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €402k ▲111%
3 profitable years in a row build equity to €402k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €287k ▲45.7%
Net result €287k, the highest in the series.
31-12
Financial
Equity above €150kEq €191k
2 profitable years in a row build equity to €191k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €197k
Net result €197k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Oostkamp · 1 establishment unit since 2020
Ground area
818 m²
Building footprint
541 m²
Volume, LiDAR
7,619 m³
Parcel 31403F0145/00C000, Flanders · tallest building 25.9 m, ±5 floors. Linked by address, not a title deed.
59
companies at this address
See who is registered here
1 establishment unit
WBC
since 20202.310.029.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403F0145/00C000 | Flanders | 818 m² | 1 · 541 m² | 25.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,931 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
Founded15-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41003General construction of other non-residential buildings
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.