Whetstones engineering solutions
ActiveSummary
Whetstones engineering solutions has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €29k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency63▼-1
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.53 in 2024; short-term debt: 61.9% and cash: 71.9% of total assets), and 61.9% of the assets are financed with debt.
Credit advice 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 · 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
38.1%
Return on assets
54.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
53 d early
2024
51 d early
2023
53 d early
2022
56 d early
2021
45 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 43.6%
2024 · €36k
2021: €36k
2022: €35k
2023: €51k
2024: €36k
2021 → 2025
Total assets
€53k▼ 42.6%
2024 · €93k
2021: €49k
2022: €44k
2023: €58k
2024: €93k
2021 → 2025
Net result
€29k▲ 2.2%
2024 · €29k
2021: €32k
2022: €-719
2023: €16k
2024: €29k
2021 → 2025
Working capital
€13k▼ 55.6%
2024 · €30k
2021: €34k
2022: €31k
2023: €47k
2024: €30k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€35k▼ 2.0%€51k▲ 44.8%€36k▼ 29.4%€20k▼ 43.6%
Operating result€40k-€45▼ 99.9%€20k▲ 45,351%€38k▲ 84.4%€38k▲ 1.8%
Net result€32k-€-719€16k€29k▲ 81.4%€29k▲ 2.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€7k ▲ 19.5%
Current assets
€47k ▼ 46.7%
Equity and liabilities €53k
Equity
€20k ▼ 43.6%
Debt
€33k ▼ 42.0%
Debt's share of the balance-sheet total rises from 61.3% to 61.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40k▲
2024 · €40k
Cash flow
€31k▲
2024 · €31k
Current ratio
1.41▼
2024 · 1.53
Debt to equity
1.63▲
2024 · 1.58
ROE
143.8%▲
2024 · 79.4%
ROA
54.8%▲
2024 · 30.8%
Interest coverage
105.91▲
2024 · 70.71
Debt ≤ 1 year
€33k▼
2024 · €57k
Income taxes
€9k▲
2024 · €8k
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€93k€53k▼
Fixed assets21/28€6k€7k▲
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23€649€341▼
Furniture and vehicles24€5k€7k▲
Current assets29/58€87k€47k▼
Amounts receivable within one year40/41€873€8k▲
Trade receivables40-€7k
Other amounts receivable41€873€439▼
Cash at bank and in hand54/58€86k€38k▼
Deferred charges and accrued income490/1€655€420▼
Equity and liabilities
Total equity and liabilities10/49€93k€53k▼
Equity10/15€36k€20k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€32k€16k▼
Amounts payable17/49€57k€33k▼
Amounts payable within one year42/48€57k€33k▼
Trade debts44€40€83▲
Suppliers440/4€40€83▲
Taxes, remuneration and social security45€20k€16k▼
Taxes450/3€18k€16k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€37k€17k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Gross operating margin9900€40k€40k▲
Operating profit (loss)9901€38k€38k▲
Financial charges65/66B€564€380▼
Recurring financial charges65€564€380▼
Profit (loss) for the period before taxes9903€37k€38k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€29k€29k▲
Profit (loss) for the period to be appropriated9905€29k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€61k▲
Profit (loss) brought forward from the previous period14P€32k€32k=
Transfer from equity791/2€15k-
Profit to be distributed694/7€44k€45k▲
Return on contributions (dividend)694€44k€45k▲
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-719 ▼102%
Net result drops to €-719, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hechtel-Eksel · 1 establishment unit since 2020
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.
Jacques Geurtsplein 133940 Hechtel-EkselGround area
165 m²
Building footprint
61 m²
Parcel 72006A0377/00N002, Flanders. Linked by address, not a title deed.
1 establishment unit
Whetstones engineering solutions
since 20202.310.537.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006A0377/00N002 | Flanders | 165 m² | 1 · 61 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 2,855 companies in sector 18130 we hold annual accounts for 832. 589 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.