WF-Projects
Open bankruptcySummary
A bankruptcy procedure is open for WF-Projects according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (-€39,383) and a net result of €3,719.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Dendermonde division
- Declared bankrupt
- 8 July 2024
- Supervising judge
- Peter Jans
- Official Gazette
- 12-07-2024 (pdf) ↗search the document for 2024/129304
Curators
- Rudy CobbaertBrusselsesteenweg 88, 9400 Ninoverudy.cobbaert@telenet.be
- Björn GoessensCentrumlaan 175, 9400 Ninovebjorn.goessens@telenet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€39,383▲ 8.6%
2021 · -€43,102
Total assets
€115,872▼ 11.3%
2021 · €130,695
Net result
€3,719▼ 84.4%
2021 · €23,790
Working capital
-€40,636▲ 50.6%
2021 · -€82,252
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Operating result-€84,204-€25,383€8,276▼ 67.4%
Net result-€86,892-€23,790€3,719▼ 84.4%
Equity-€66,892--€43,102▲ 35.6%-€39,383▲ 8.6%
Total assets€108,881-€130,695▲ 20.0%€115,872▼ 11.3%
Debt€175,773-€173,797▼ 1.1%€155,255▼ 10.7%
Working capital-€104,445--€82,252▲ 21.2%-€40,636▲ 50.6%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 67% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €115,872
Fixed assets
€48,266 ▼ 38.5%
Current assets
€67,606 ▲ 29.5%
Key figures and ratios
EBITDA
€32,919▼
2021 · €49,105
Cash flow
€28,362▼
2021 · €47,512
Solvency
-34.0%▼
2021 · -33.0%
Current ratio
0.62▲
2021 · 0.39
Debt to equity
-3.94▲
2021 · -4.03
ROA
3.2%▼
2021 · 18.2%
Interest coverage
7.22▼
2021 · 30.83
Debt ≤ 1 year
€108,242▼
2021 · €134,452
Debt > 1 year
€47,013▲
2021 · €39,345
Staff costs
€25,227▲
2021 · €964
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €16,254 | €964 | €25,227 | ▲ 2,516% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,369 | €23,722 | €24,643 | ▲ 3.9% |
| Other operating charges640/8 | €837 | €2,395 | €1,298 | ▼ 45.8% |
| Non-recurring operating charges66A | €5,380 | - | - | - |
| Gross operating margin9900 | -€44,364 | €52,465 | €59,444 | ▲ 13.3% |
| Operating profit (loss)9901 | -€84,204 | €25,383 | €8,276 | ▼ 67.4% |
| Financial income75/76B | €32 | - | €1 | - |
| Recurring financial income75 | €32 | - | €1 | - |
| Financial charges65/66B | €2,720 | €1,593 | €4,559 | ▲ 186% |
| Recurring financial charges65 | €2,720 | €1,593 | €4,559 | ▲ 186% |
| Profit (loss) for the period before taxes9903 | -€86,892 | €23,790 | €3,719 | ▼ 84.4% |
| Profit (loss) for the period9904 | -€86,892 | €23,790 | €3,719 | ▼ 84.4% |
| Profit (loss) for the period to be appropriated9905 | -€86,892 | €23,790 | €3,719 | ▼ 84.4% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €108,881 | €130,695 | €115,872 | ▼ 11.3% |
| Fixed assets21/28 | €76,976 | €78,496 | €48,266 | ▼ 38.5% |
| Tangible fixed assets22/27 | €76,976 | €72,896 | €48,253 | ▼ 33.8% |
| Plant, machinery and equipment23 | €73,163 | €60,339 | €39,864 | ▼ 33.9% |
| Furniture and vehicles24 | €3,813 | €12,557 | €8,389 | ▼ 33.2% |
| Financial fixed assets28 | - | €5,600 | €14 | ▼ 99.8% |
| Current assets29/58 | €31,905 | €52,199 | €67,606 | ▲ 29.5% |
| Amounts receivable within one year40/41 | €27,578 | €51,771 | €63,430 | ▲ 22.5% |
| Trade receivables40 | €9,131 | €27,659 | €22,285 | ▼ 19.4% |
| Other amounts receivable41 | €18,448 | €24,112 | €41,145 | ▲ 70.6% |
| Cash at bank and in hand54/58 | €4,327 | €429 | €0 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | - | €4,175 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €108,881 | €130,695 | €115,872 | ▼ 11.3% |
| Equity10/15 | -€66,892 | -€43,102 | -€39,383 | ▲ 8.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€86,892 | -€63,102 | -€59,383 | ▲ 5.9% |
| Amounts payable17/49 | €175,773 | €173,797 | €155,255 | ▼ 10.7% |
| Amounts payable after more than one year17 | €39,423 | €39,345 | €47,013 | ▲ 19.5% |
| Financial debts170/4 | €39,423 | €39,345 | €47,013 | ▲ 19.5% |
| Amounts payable within one year42/48 | €136,350 | €134,452 | €108,242 | ▼ 19.5% |
| Current portion of amounts payable after more than one year42 | €38,412 | €35,079 | €14,393 | ▼ 59.0% |
| Financial debts43 | - | - | €1 | - |
| Credit institutions430/8 | - | - | €1 | - |
| Trade debts44 | €97,735 | €85,894 | €90,306 | ▲ 5.1% |
| Suppliers440/4 | €97,735 | €85,894 | €90,306 | ▲ 5.1% |
| Taxes, remuneration and social security45 | - | €7,055 | €1,839 | ▼ 73.9% |
| Taxes450/3 | - | €5,055 | €1,839 | ▼ 63.6% |
| Remuneration and social security454/9 | - | €2,000 | - | - |
| Other amounts payable47/48 | €204 | €6,424 | €1,703 | ▼ 73.5% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€86,892 | €23,790 | €3,719 | ▼ 84.4% |
| + Depreciation and write-downs630 | €17,369 | €23,722 | €24,643 | ▲ 3.9% |
| Operating cash flow (approximation) | -€69,522 | €47,512 | €28,362 | ▼ 40.3% |
| Investment in fixed assets (approximation) | - | -€25,241 | €5,586 | ▲ 122% |
| Change in cash | - | -€3,898 | -€428 | ▲ 89.0% |
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
2024
12-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 08-07-2024
22-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 175 days late
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 507 days late
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 474 days late
2021
31-12
Financial
Back to profitnet €23,790
Net result €23,790 after one loss-making year.
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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Directors · office · real estate
Directors
3 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, Wetteren · 1 establishment unit since 2020
Ground area
1.5 ha
Building footprint
300 m²
Volume, LiDAR
1,623 m³
Parcel 42025G1482/00A000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
WF-Projects
since 20202.298.537.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G1482/00A000 | Flanders | 1.5 ha | 2 · 300 m² | 8.9 m · 2 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RUDY COBBAERT BRUSSELSESTEENWEG 88,
9400 NINOVE |
08-07-2024 → present |
| Curator | BJÖRN GOESSENS CENTRUMLAAN 175, 9400 NINOVE |
08-07-2024 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,787 companies in sector 41001 we hold annual accounts for 16,037. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43310Plastering work
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.