White Field Development
ActiveSummary
White Field Development has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €169,620. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 177 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-24
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 17.54 against 10.05 in 2024; short-term debt: 5.7% and cash: 23.5% of total assets), and 6.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
93.2%
Return on assets
12.3%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-04-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
8 d early
2023
33 d early
2022
54 d early
2021
54 d early
2020
70 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€1.4m▲ 3.0%
2024 · €1.3m
Net result
€169,620▼ 41.6%
2024 · €290,411
Working capital
€1.3m▲ 7.9%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€788,385▲ 334%€1.2m▲ 52.0%€743,034▼ 38.0%€322,931▼ 56.5%€160,033▼ 50.4%
Net result€805,820above the sector's middle half▲ 302%€1.1mabove the sector's middle half▲ 30.7%€664,828above the sector's middle half▼ 36.9%€290,411above the sector's middle half▼ 56.3%€169,620above the sector's middle half▼ 41.6%
Equity€340,855above the sector's middle half▲ 0.1%€793,963above the sector's middle half▲ 133%€1.0mabove the sector's middle half▲ 30.2%€1.2mwithin the sector's middle half▲ 15.5%€1.3mabove the sector's middle half▲ 7.9%
Total assets€1.2mabove the sector's middle half▲ 17.1%€1.4mabove the sector's middle half▲ 21.3%€1.5mabove the sector's middle half▲ 8.1%€1.3mwithin the sector's middle half▼ 11.9%€1.4mabove the sector's middle half▲ 3.0%
Debt€821,077▲ 294%€615,550▼ 25.0%€490,195▼ 20.4%€147,895▼ 69.8%€93,658▼ 36.7%
Working capital€352,314above the sector's middle half▼ 55.7%€806,059above the sector's middle half▲ 129%€1.0mabove the sector's middle half▲ 29.9%€1.2mabove the sector's middle half▲ 15.3%€1.3mabove the sector's middle half▲ 7.9%
Solvency29.3%within the sector's middle half▼ 5.0pp56.3%above the sector's middle half▲ 27.0pp67.8%above the sector's middle half▲ 11.5pp89.0%above the sector's middle half▲ 21.1pp93.2%above the sector's middle half▲ 4.2pp
Current ratio1.44within the sector's middle half▼ 3.612.34above the sector's middle half▲ 0.903.20above the sector's middle half▲ 0.8610.05above the sector's middle half▲ 6.8517.54above the sector's middle half▲ 7.49
Return on assets (ROA)69.4%above the sector's middle half▲ 49.1pp74.7%above the sector's middle half▲ 5.4pp43.6%above the sector's middle half▼ 31.1pp21.6%above the sector's middle half▼ 22.0pp12.3%above the sector's middle half▼ 9.4pp
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -56% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 50% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€771 =
Current assets
€1.4m ▲ 3.0%
Equity and liabilities €1.4m
Equity
€1.3m ▲ 7.9%
Debt
€93,658 ▼ 36.7%
Debt's share of the balance-sheet total falls from 11.0% to 6.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.07▼
2024 · 0.12
ROE
13.2%▼
2024 · 24.3%
Debt ≤ 1 year
€78,773▼
2024 · €133,518
Income taxes
€31,361▼
2024 · €52,140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €1,769 | €1,827 | €1,745 | €1,836 | ▲ 5.2% |
| Gross operating margin9900 | €346,829 | €1.2m | €744,861 | €324,676 | €161,870 | ▼ 50.1% |
| Operating profit (loss)9901 | €788,385 | €1.2m | €743,034 | €322,931 | €160,033 | ▼ 50.4% |
| Financial income75/76B | - | €6,861 | €0 | €20,000 | €41,415 | ▲ 107% |
| Recurring financial income75 | €17,780 | €6,861 | €0 | €20,000 | €41,415 | ▲ 107% |
| Financial charges65/66B | - | €1,007 | €397 | €381 | €467 | ▲ 22.6% |
| Recurring financial charges65 | €216 | €1,007 | €397 | €381 | €467 | ▲ 22.6% |
| Profit (loss) for the period before taxes9903 | €805,949 | €1.2m | €742,637 | €342,551 | €200,981 | ▼ 41.3% |
| Income taxes67/77 | €129 | €151,119 | €77,809 | €52,140 | €31,361 | ▼ 39.9% |
| Profit (loss) for the period9904 | €805,820 | €1.1m | €664,828 | €290,411 | €169,620 | ▼ 41.6% |
| Transfer to tax-exempt reserves689 | - | - | €210,500 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €805,820 | €1.1m | €454,328 | €290,411 | €169,620 | ▼ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.5m | €1.3m | €1.4m | ▲ 3.0% |
| Fixed assets21/28 | €771 | €771 | €771 | €771 | €771 | = |
| Tangible fixed assets22/27 | €771 | €771 | €771 | €771 | €771 | = |
| Land and buildings22 | - | €771 | €771 | €771 | €771 | = |
| Current assets29/58 | €1.2m | €1.4m | €1.5m | €1.3m | €1.4m | ▲ 3.0% |
| Amounts receivable within one year40/41 | €725,828 | €72,490 | €254,356 | €1.1m | €1.1m | ▼ 3.2% |
| Trade receivables40 | - | €2,744 | €189,196 | €20,000 | €35,195 | ▲ 76.0% |
| Other amounts receivable41 | - | €69,745 | €65,160 | €1.1m | €1.0m | ▼ 4.7% |
| Cash at bank and in hand54/58 | €435,333 | €1.3m | €1.2m | €246,753 | €324,683 | ▲ 31.6% |
| Deferred charges and accrued income490/1 | - | - | €21,550 | €2,550 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.5m | €1.3m | €1.4m | ▲ 3.0% |
| Equity10/15 | €340,855 | €793,963 | €1.0m | €1.2m | €1.3m | ▲ 7.9% |
| Contributions10/11 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €279,355 | €732,463 | €972,292 | €1.1m | €1.2m | ▲ 8.4% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Reserves not available under the articles1311 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | - | €210,500 | €210,500 | €210,500 | = |
| Distributable reserves133 | - | €726,313 | €755,642 | €916,052 | €1.0m | ▲ 10.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €821,077 | €615,550 | €490,195 | €147,895 | €93,658 | ▼ 36.7% |
| Amounts payable within one year42/48 | €808,847 | €602,683 | €475,960 | €133,518 | €78,773 | ▼ 41.0% |
| Trade debts44 | €2,381 | €2,683 | €960 | €3,518 | €3,773 | ▲ 7.3% |
| Suppliers440/4 | - | €2,683 | €960 | €3,518 | €3,773 | ▲ 7.3% |
| Taxes, remuneration and social security45 | - | €0 | - | - | - | - |
| Taxes450/3 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €600,000 | €475,000 | €130,000 | €75,000 | ▼ 42.3% |
| Accrued charges and deferred income492/3 | - | €12,867 | €14,235 | €14,378 | €14,885 | ▲ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €805,820 | €1.1m | €664,828 | €290,411 | €169,620 | ▼ 41.6% |
| Operating cash flow (approximation) | €805,820 | €1.1m | €664,828 | €290,411 | €169,620 | ▼ 41.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €900,919 | -€88,943 | -€1.0m | €77,930 | ▲ 108% |
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
Next filing, fiscal year 2026, expected by
2026
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity triplescurrent ratio 10.05
Current ratio from 3.20 to 10.05; short-term debt falls from €475,960 to €133,518.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €1mEq €1.0m ▲30.2%
6 profitable years in a row build equity to €1.0m.
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €1.1m ▲30.7%
Operating result €1.2m, net result €1.1m, both a record.
30-09
Financial
Equity above €500,000Eq €793,963 ▲133%
5 profitable years in a row build equity to €793,963.
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Gistel · 2 establishment units since 2016
Ground area
19.6 ha
Building footprint
4,230 m²
Volume, LiDAR
29,294 m³
3 parcels, Flanders · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
28
companies at this address
See who is registered here
2 establishment units
White Field Development
since 20162.251.872.915
White Field Development
since 20162.251.873.014
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35014B0015/00H002 | Flanders | 15.1 ha | 1 · 845 m² | 13.0 m · 4 fl. |
| 35026A0050/00S002 | Flanders | 4.1 ha | 1 · 3,356 m² | 7.2 m · 2 fl. |
| 35005C0374/00C000 | Flanders | 3,627 m² | 1 · 29 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts GRACO 202520%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 978 companies in sector 38210 we hold annual accounts for 587. 413 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
Founded24-02-1986
Fiscal year end30-09
Activities, NACEBEL 2025
38210Materials recovery from waste
39000Remediation activities and other waste management service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428561935
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.