Summary
WE-KONSTRUKT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €553k and a net result of €76k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 9863 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
119 d early
2022
21 d early
2021
41 d early
2020
26 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€553k▼ 5.8%
2023 · €588k
2018: €658k
2019: €729k▲ +10.7% vs 2018
2020: €822k▲ +12.8% vs 2019highest in 7 years
2021: €585k▼ -28.9% vs 2020
2022: €579k▼ -1.0% vs 2021
2023: €588k▲ +1.5% vs 2022
2024: €553k▼ -5.8% vs 2023lowest in 7 years
2018 → 2024
Net result
€76k▼ 2.8%
2023 · €78k
2018: €74k
2019: €113k▲ +52.2% vs 2018highest in 7 years
2020: €94k▼ -17.4% vs 2019
2021: €62k▼ -33.3% vs 2020
2022: €49k▼ -21.5% vs 2021lowest in 7 years
2023: €78k▲ +58.5% vs 2022
2024: €76k▼ -2.8% vs 2023
2018 → 2024
Total assets
€675k▲ 1.4%
2023 · €666k
2018: €720k
2019: €872k▲ +21.1% vs 2018
2020: €971k▲ +11.4% vs 2019highest in 7 years
2021: €656k▼ -32.4% vs 2020lowest in 7 years
2022: €679k▲ +3.5% vs 2021
2023: €666k▼ -2.0% vs 2022
2024: €675k▲ +1.4% vs 2023
2018 → 2024
Solvency
82.0%▼ 6.3pp
2023 · 88.2%
2018: 91.4%highest in 7 years
2019: 83.6%▼ -8.6% vs 2018
2020: 84.7%▲ +1.3% vs 2019
2021: 89.1%▲ +5.2% vs 2020
2022: 85.2%▼ -4.4% vs 2021
2023: 88.2%▲ +3.6% vs 2022
2024: 82.0%▼ -7.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€822k-€585k▼ 28.9%€579k▼ 1.0%€588k▲ 1.5%€553k▼ 5.8%
2020: €822khighest in 5 years
2021: €585k▼ -28.9% vs 2020
2022: €579k▼ -1.0% vs 2021
2023: €588k▲ +1.5% vs 2022
2024: €553k▼ -5.8% vs 2023lowest in 5 years
Operating result€134k-€97k▼ 27.6%€75k▼ 22.5%€106k▲ 41.4%€109k▲ 2.6%
2020: €134khighest in 5 years
2021: €97k▼ -27.6% vs 2020
2022: €75k▼ -22.5% vs 2021lowest in 5 years
2023: €106k▲ +41.4% vs 2022
2024: €109k▲ +2.6% vs 2023
Net result€94k-€62k▼ 33.3%€49k▼ 21.5%€78k▲ 58.5%€76k▼ 2.8%
2020: €94khighest in 5 years
2021: €62k▼ -33.3% vs 2020
2022: €49k▼ -21.5% vs 2021lowest in 5 years
2023: €78k▲ +58.5% vs 2022
2024: €76k▼ -2.8% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €675k
Fixed assets
€133k ▼ 20.0%
Current assets
€542k ▲ 8.6%
Equity and liabilities €675k
Equity
€553k ▼ 5.8%
Debt
€122k ▲ 55.7%
Debt's share of the balance-sheet total rises from 11.8% to 18.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
13.6%▲
2023 · 13.2%
ROA
11.2%▼
2023 · 11.7%
Debt ≤ 1 year
€122k▲
2023 · €78k
Income taxes
€46k▲
2023 · €35k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€666k€675k▲
Fixed assets21/28€167k€133k▼
Tangible fixed assets22/27€167k€133k▼
Plant, machinery and equipment23€29k€22k▼
Furniture and vehicles24€558€95▼
Other tangible fixed assets26€137k€112k▼
Current assets29/58€499k€542k▲
Amounts receivable within one year40/41€181k€117k▼
Trade receivables40€12k€17k▲
Other amounts receivable41€170k€100k▼
Current investments50/53€200k€260k▲
Cash at bank and in hand54/58€116k€156k▲
Deferred charges and accrued income490/1€2k€10k▲
Equity and liabilities
Total equity and liabilities10/49€666k€675k▲
Equity10/15€588k€553k▼
Contributions10/11€101k€101k=
Reserves13€487k€453k▼
Distributable reserves133€487k€453k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€78k€122k▲
Amounts payable within one year42/48€78k€122k▲
Trade debts44€0€157▲
Suppliers440/4€0€157▲
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€6k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€69k€116k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€33k▼
Other operating charges640/8€12k€3k▼
Non-recurring operating charges66A€2k€2k▼
Gross operating margin9900€157k€147k▼
Operating profit (loss)9901€106k€109k▲
Financial income75/76B€7k€14k▲
Recurring financial income75€7k€14k▲
Financial charges65/66B€766€995▲
Recurring financial charges65€766€995▲
Profit (loss) for the period before taxes9903€112k€122k▲
Income taxes67/77€35k€46k▲
Profit (loss) for the period9904€78k€76k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€78k€76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€76k▼
Transfer from equity791/2€69k€110k▲
Transfer to equity691/2€78k€76k▼
To other reserves6921€78k€76k▼
Profit to be distributed694/7€69k€110k▲
Return on contributions (dividend)694€69k€110k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €41k | €39k | €36k | €33k | ▼ 8.2% |
| Other operating charges640/8 | - | €3k | €3k | €12k | €3k | ▼ 77.2% |
| Non-recurring operating charges66A | - | €0 | - | €2k | €2k | ▼ 31.6% |
| Gross operating margin9900 | €200k | €141k | €118k | €157k | €147k | ▼ 6.5% |
| Operating profit (loss)9901 | €134k | €97k | €75k | €106k | €109k | ▲ 2.6% |
| Financial income75/76B | - | €111 | €327 | €7k | €14k | ▲ 101% |
| Recurring financial income75 | €368 | €111 | €327 | €7k | €14k | ▲ 101% |
| Financial charges65/66B | - | €6k | €732 | €766 | €995 | ▲ 29.9% |
| Recurring financial charges65 | €1k | €613 | €732 | €766 | €995 | ▲ 29.9% |
| Non-recurring financial charges66B | - | €5k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €133k | €91k | €75k | €112k | €122k | ▲ 8.4% |
| Income taxes67/77 | €39k | €29k | €26k | €35k | €46k | ▲ 33.5% |
| Profit (loss) for the period9904 | €94k | €62k | €49k | €78k | €76k | ▼ 2.8% |
| Transfer from tax-exempt reserves789 | - | €24k | €12k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €101k | €86k | €61k | €78k | €76k | ▼ 2.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €971k | €656k | €679k | €666k | €675k | ▲ 1.4% |
| Fixed assets21/28 | €265k | €229k | €203k | €167k | €133k | ▼ 20.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €265k | €229k | €203k | €167k | €133k | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €33k | €37k | €29k | €22k | ▼ 25.7% |
| Furniture and vehicles24 | - | €5k | €3k | €558 | €95 | ▼ 83.0% |
| Other tangible fixed assets26 | - | €192k | €163k | €137k | €112k | ▼ 18.5% |
| Current assets29/58 | €706k | €427k | €477k | €499k | €542k | ▲ 8.6% |
| Amounts receivable within one year40/41 | €28k | €8k | €39k | €181k | €117k | ▼ 35.7% |
| Trade receivables40 | - | €8k | €19k | €12k | €17k | ▲ 41.4% |
| Other amounts receivable41 | - | €0 | €20k | €170k | €100k | ▼ 41.0% |
| Current investments50/53 | €365k | €235k | €271k | €200k | €260k | ▲ 30.0% |
| Cash at bank and in hand54/58 | €312k | €120k | €132k | €116k | €156k | ▲ 33.9% |
| Deferred charges and accrued income490/1 | - | €64k | €36k | €2k | €10k | ▲ 443% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €971k | €656k | €679k | €666k | €675k | ▲ 1.4% |
| Equity10/15 | €822k | €585k | €579k | €588k | €553k | ▼ 5.8% |
| Contributions10/11 | - | €101k | €101k | €101k | €101k | = |
| Reserves13 | €535k | €484k | €478k | €487k | €453k | ▼ 7.0% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €12k | €0 | - | - | - |
| Distributable reserves133 | - | €472k | €478k | €487k | €453k | ▼ 7.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €149k | €72k | €101k | €78k | €122k | ▲ 55.7% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €111k | €56k | €85k | €78k | €122k | ▲ 55.7% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €102k | €5k | €2k | €0 | €157 | - |
| Suppliers440/4 | - | €5k | €2k | €0 | €157 | - |
| Taxes, remuneration and social security45 | - | €31k | €25k | €9k | €6k | ▼ 33.4% |
| Taxes450/3 | - | €29k | €23k | €9k | €6k | ▼ 33.4% |
| Remuneration and social security454/9 | - | €2k | €2k | €0 | - | - |
| Other amounts payable47/48 | - | €19k | €59k | €69k | €116k | ▲ 66.7% |
| Accrued charges and deferred income492/3 | - | €16k | €16k | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94k | €62k | €49k | €78k | €76k | ▼ 2.8% |
| + Depreciation and write-downs630 | €62k | €41k | €39k | €36k | €33k | ▼ 8.2% |
| Operating cash flow (approximation) | €156k | €103k | €88k | €114k | €109k | ▼ 4.5% |
| Investment in fixed assets (approximation) | - | €-5k | €-13k | €0 | €0 | - |
| Change in cash | - | €-192k | €12k | €-15k | €39k | ▲ 354% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €49k ▼21.5%
Net result drops to €49k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €113k ▲52.2%
Operating result €164k, net result €113k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Gillis-Waas · 1 establishment unit since 2000
Ground area
330 m²
Building footprint
330 m²
Volume, LiDAR
1,445 m³
Parcel 46020E0223/00S000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kronenhoekstraat(SGW) 5, 9170 Sint-Gillis-Waas
since 20002.097.193.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020E0223/00S000 | Flanders | 330 m² | 1 · 330 m² | 6.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 677 EUR awarded · 678 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 180 EUR |
| 2022 | 1 | 677 EUR | 498 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,561 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
Founded16-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.