WDS Connect
ActiveThe computed 12-month bankruptcy probability of WDS Connect is 2.9% (moderate). The 2025 annual accounts show equity of €17k and a net result of €121k. Equity is shrinking by ~26.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 27451 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+87
Solvency31▲+31
Growth72▲+17
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.35 in 2024; short-term debt: 76.4% and cash: 26.6% of total assets), and 94.2% of the assets are financed with debt.
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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.8%
Return on assets
42%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
77 d late
2023
153 d late
2022
112 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.61M▲ 24.5%
2024 · €1.29M
2022: €327k
2023: €1.65M
2024: €1.29M
2022 → 2025
EBIT margin
8.2%▲ 19.8pp
2024 · -11.5%
2022: 12.1%
2023: 1.5%
2024: -11.5%
2022 → 2025
Net result
€121k
2024 · €-154k
2022: €30k
2023: €18k
2024: €-154k
2022 → 2025
Working capital
€-67k▲ 62.5%
2024 · €-178k
2022: €-4k
2023: €-2k
2024: €-178k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€327k-€1.65M▲ 404%€1.29M▼ 21.7%€1.61M▲ 24.5%
Equity€32k-€50k▲ 55.3%€-104k€17k
Operating result€40k-€25k▼ 36.9%€-149k€132k
Net result€30k-€18k▼ 40.0%€-154k€121k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €132k after a loss of €149k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €288k
Fixed assets
€135k▼ 10.9%
Current assets
€153k▲ 61.1%
Equity and liabilities €288k
Equity
€17k
Debt
€271k
Debt finances 94.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€170k▲
2024 · €-133k
Cash flow
€158k▲
2024 · €-138k
Solvency
5.8%▲
2024 · -42.2%
Current ratio
0.70▲
2024 · 0.35
Quick ratio
0.70▲
2024 · 0.35
Debt / equity
16.15▲
2024 · -3.37
ROE
719.6%
ROA
42.0%▲
2024 · -62.4%
Interest coverage
24.14▲
2024 · -27.46
Debt
€271k▼
2024 · €350k
Debt ≤ 1 year
€220k▼
2024 · €273k
Debt > 1 year
€51k▼
2024 · €77k
Income taxes
€5k
Staff costs
€480▲
2024 · €130
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€246k€288k▲
Fixed assets21/28€151k€135k▼
Tangible fixed assets22/27€147k€130k▼
Plant, machinery and equipment23€2k€13k▲
Furniture and vehicles24€31k€27k▼
Leasing and similar rights25€113k€90k▼
Financial fixed assets28€5k€5k=
Current assets29/58€95k€153k▲
Amounts receivable within one year40/41€76k€76k▼
Trade receivables40€24k€53k▲
Other amounts receivable41€52k€23k▼
Cash at bank and in hand54/58€19k€77k▲
Equity and liabilities
Total equity and liabilities10/49€246k€288k▲
Equity10/15€-104k€17k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-106k€14k▲
Amounts payable17/49€350k€271k▼
Amounts payable after more than one year17€77k€51k▼
Financial debts170/4€77k€51k▼
Amounts payable within one year42/48€273k€220k▼
Trade debts44€255k€190k▼
Suppliers440/4€255k€190k▼
Taxes, remuneration and social security45€17k€17k▼
Taxes450/3€17k€17k▼
Other amounts payable47/48€934€13k▲
Income statement
Code20242025
Turnover70€1.29M€1.61M▲
Goods, raw materials, services and sundry goods60/61€1.42M€1.43M▲
Remuneration, social security and pensions62€130€480▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€38k▲
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€39-
Gross operating margin9900€-130k€175k▲
Operating profit (loss)9901€-149k€132k▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€-154k€125k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-154k€121k▲
Profit (loss) for the period to be appropriated9905€-154k€121k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-106k€14k▲
Profit (loss) brought forward from the previous period14P€47k€-106k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €121k
Net result €121k after one loss-making year.
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
31-12
Financial
Weakest financial yearnet €-154k ▼966%
Net result drops to €-154k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 112 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Heist-op-den-Berg · 2 establishment units since 2022
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.
Kleine steenweg 1972221 Heist-op-den-BergGround area
4,266 m²
Building footprint
201 m²
Volume, LiDAR
876 m³
2 parcels, Flanders, Wallonia · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
WDS Connect
since 20222.326.004.471
Hovesstraat(E) 126, 7850 Enghien
since 20262.385.252.368
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55010D0242/00B000indicative | Wallonia | 2,795 m² | - | - |
| 12006D0349/00D002 | Flanders | 1,471 m² | 1 · 201 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 6,808 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2022
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.