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Wimat Projects

Active
Private limited companyfounded 20179 yrs activeOudstrijderslei 30, 2930 Brasschaat, BelgiumKBO/BCE: BE 0681.660.075
Summary

Wimat Projects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,579 and a net result of €278,242. Equity is shrinking by ~36.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 34% of 2226 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+88
Solvency49▲+39
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 0.17 in 2024; short-term debt: 76.2% and cash: 0.1% of total assets), and 76.2% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
23.8%
Return on assets
85.2%
Age of the figures
9 mo
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 26-06-2026, 35 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
35 d early
2024
45 d early
2023
44 d early
2022
36 d early
2021
54 d early
2020
38 d early
2019
53 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 44 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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. Usually files around 18 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Wimat Projects was incorporated on 22 September 2017.1 Total assets rose from EUR 2,008 in 2018 to EUR 326,524 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€77,579
2024 · -€200,663
Total assets
€326,524▼ 75.1%
2024 · €1.3m
Net result
€278,242
2024 · -€75,379
Working capital
€77,639
2024 · -€1.3m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€1,327€17,439▲ 1,214%-€20,704-€14,394▲ 30.5%€326,940
Net result-€11,708below the sector's middle half▲ 65.7%-€2,578below the sector's middle half▲ 78.0%-€77,445below the sector's middle half▼ 2,905%-€75,379below the sector's middle half▲ 2.7%€278,242above the sector's middle half
Equity-€45,261below the sector's middle half▼ 34.9%-€47,839below the sector's middle half▼ 5.7%-€125,284below the sector's middle half▼ 162%-€200,663below the sector's middle half▼ 60.2%€77,579within the sector's middle half
Total assets€1.2mabove the sector's middle half▲ 0.7%€1.1mwithin the sector's middle half▼ 2.3%€1.1mwithin the sector's middle half▼ 0.8%€1.3mwithin the sector's middle half▲ 16.3%€326,524within the sector's middle half▼ 75.1%
Debt€1.2m▲ 1.6%€1.2m▼ 2.0%€1.3m▲ 5.8%€1.5m▲ 20.7%€248,945▼ 83.5%
Working capital-€202,459below the sector's middle half▼ 0.7%-€193,108below the sector's middle half▲ 4.6%-€6,283below the sector's middle half▲ 96.7%-€1.3mbelow the sector's middle half▼ 19,874%€77,639within the sector's middle half
Solvency-3.9%below the sector's middle half▼ 1.0pp-4.2%below the sector's middle half▼ 0.3pp-11.1%below the sector's middle half▼ 6.9pp-15.3%below the sector's middle half▼ 4.2pp23.8%within the sector's middle half▲ 39.1pp
Current ratio0.26below the sector's middle half▲ 0.050.22below the sector's middle half▼ 0.040.90below the sector's middle half▲ 0.680.17below the sector's middle half▼ 0.731.31within the sector's middle half▲ 1.15
Return on assets (ROA)-1.0%below the sector's middle half▲ 1.9pp-0.2%below the sector's middle half▲ 0.8pp-6.9%below the sector's middle half▼ 6.6pp-5.8%below the sector's middle half▲ 1.1pp85.2%above the sector's middle half▲ 91.0pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2021: €1,327€1,327Net result 2021: -€11,708-€11,708Operating result 2022: €17,439€17,439Net result 2022: -€2,578-€2,578Operating result 2023: -€20,704-€20,704Net result 2023: -€77,445-€77,445Operating result 2024: -€14,394-€14,394Net result 2024: -€75,379-€75,379Operating result 2025: €326,940€326,940Net result 2025: €278,242€278,24220212022202320242025-€200,000€0€200,000€400,000Operating result 2023: -€20,704-€20,700Net result 2023: -€77,445-€77,400Operating result 2024: -€14,394-€14,400Net result 2024: -€75,379-€75,400Operating result 2025: €326,940€327,000Net result 2025: €278,242€278,000202320242025
The operating result returns to profit in 2025: €326,940 after a loss of €14,394 in 2024, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €326,524
Equity €77,579
Debt €248,945
Debt finances 76.2% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€326,940▲
2024 · -€3,994
Cash flow
€278,242▲
2024 · -€64,979
Debt to equity
3.21▲
2024 · -7.53
ROE
358.7%
Interest coverage
15.49▲
2024 · -0.07
Debt ≤ 1 year
€248,885▼
2024 · €1.5m
Income taxes
€27,598▲
2024 · €129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,713 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.3m€326,524▼
Fixed assets21/28€1.1m€0▼
Tangible fixed assets22/27€1.1m€0▼
Land and buildings22€1.1m€0▼
Current assets29/58€251,174€326,524▲
Stocks and contracts in progress3€53,957€0▼
Stocks30/36€53,957€0▼
Amounts receivable within one year40/41€193,900€326,230▲
Trade receivables40-€181,730
Other amounts receivable41€193,900€144,500▼
Cash at bank and in hand54/58€3,168€295▼
Deferred charges and accrued income490/1€149€0▼
Equity and liabilities
Total equity and liabilities10/49€1.3m€326,524▼
Equity10/15-€200,663€77,579▲
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14-€206,863€71,379▲
Amounts payable17/49€1.5m€248,945▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€1.5m€248,885▼
Current portion of amounts payable after more than one year42€976,800€21,800▼
Trade debts44-€49,068
Suppliers440/4-€49,068
Advances received on contracts in progress46€406,000€0▼
Taxes, remuneration and social security45-€27,598
Taxes450/3-€27,598
Other amounts payable47/48€123,419€150,419▲
Accrued charges and deferred income492/3€4,416€60▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,400€0▼
Other operating charges640/8€817€3,052▲
Non-recurring operating charges66A-€200,000
Gross operating margin9900-€3,178€529,992▲
Operating profit (loss)9901-€14,394€326,940▲
Financial income75/76B€87€1▼
Recurring financial income75€87€1▼
Financial charges65/66B€60,942€21,101▼
Recurring financial charges65€60,942€21,101▼
Profit (loss) for the period before taxes9903-€75,250€305,840▲
Income taxes67/77€129€27,598▲
Profit (loss) for the period9904-€75,379€278,242▲
Profit (loss) for the period to be appropriated9905-€75,379€278,242▲
Appropriation of the result
Profit (loss) to be appropriated9906-€206,863€71,379▲
Profit (loss) brought forward from the previous period14P-€131,484-€206,863▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€11,800€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,400€10,400€10,400€10,400€0▼ 100%
Other operating charges640/8€2,430€2,859€3,123€817€3,052▲ 274%
Non-recurring operating charges66A----€200,000-
Gross operating margin9900€14,158€30,698-€7,182-€3,178€529,992▲ 16,778%
Operating profit (loss)9901€1,327€17,439-€20,704-€14,394€326,940▲ 2,371%
Financial income75/76B€160--€87€1▼ 99.2%
Recurring financial income75€160--€87€1▼ 99.2%
Financial charges65/66B€13,026€20,017€56,746€60,942€21,101▼ 65.4%
Recurring financial charges65€13,026€20,017€56,746€60,942€21,101▼ 65.4%
Profit (loss) for the period before taxes9903-€11,538-€2,578-€77,450-€75,250€305,840▲ 506%
Income taxes67/77€170--€5€129€27,598▲ 21,277%
Profit (loss) for the period9904-€11,708-€2,578-€77,445-€75,379€278,242▲ 469%
Profit (loss) for the period to be appropriated9905-€11,708-€2,578-€77,445-€75,379€278,242▲ 469%
Line20212022202320242025Change
Assets
Total assets20/58€1.2m€1.1m€1.1m€1.3m€326,524▼ 75.1%
Fixed assets21/28€1.1m€1.1m€1.1m€1.1m€0▼ 100%
Tangible fixed assets22/27€1.1m€1.1m€1.1m€1.1m€0▼ 100%
Land and buildings22€1.1m€1.1m€1.1m€1.1m€0▼ 100%
Current assets29/58€72,383€55,876€57,436€251,174€326,524▲ 30.0%
Stocks and contracts in progress3€51,587€53,957€53,957€53,957€0▼ 100%
Stocks30/36€51,587€53,957€53,957€53,957€0▼ 100%
Amounts receivable within one year40/41€9,228€400€400€193,900€326,230▲ 68.2%
Trade receivables40----€181,730-
Other amounts receivable41€9,228€400€400€193,900€144,500▼ 25.5%
Cash at bank and in hand54/58€10,375€1,519€2,941€3,168€295▼ 90.7%
Deferred charges and accrued income490/1€1,193-€138€149€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.1m€1.1m€1.3m€326,524▼ 75.1%
Equity10/15-€45,261-€47,839-€125,284-€200,663€77,579▲ 139%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14-€51,461-€54,039-€131,484-€206,863€71,379▲ 135%
Amounts payable17/49€1.2m€1.2m€1.3m€1.5m€248,945▼ 83.5%
Amounts payable after more than one year17€932,800€932,800€1.2m€0--
Financial debts170/4€932,800€932,800€1.2m€0--
Amounts payable within one year42/48€274,842€248,984€63,720€1.5m€248,885▼ 83.5%
Current portion of amounts payable after more than one year42---€976,800€21,800▼ 97.8%
Financial debts43€15,000-----
Other loans439€15,000-----
Trade debts44€2,532€314€0-€49,068-
Suppliers440/4€2,532€314€0-€49,068-
Advances received on contracts in progress46---€406,000€0▼ 100%
Taxes, remuneration and social security45€170€170€0-€27,598-
Taxes450/3€170€170€0-€27,598-
Other amounts payable47/48€257,140€248,500€63,720€123,419€150,419▲ 21.9%
Accrued charges and deferred income492/3-€1,529€5,399€4,416€60▼ 98.6%
Line20212022202320242025Change
Profit (loss) for the period9904-€11,708-€2,578-€77,445-€75,379€278,242▲ 469%
+ Depreciation and write-downs630€10,400€10,400€10,400€10,400€0▼ 100%
Operating cash flow (approximation)-€1,308€7,822-€67,045-€64,979€278,242▲ 528%
Investment in fixed assets (approximation)-€0€0€0€1.1m-
Change in cash--€8,856€1,422€227-€2,873▼ 1,367%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Back to profitnet €278,242
Net result €278,242 after 7 loss-making years.
31-12
Financial Liquidity times 8current ratio 1.31
Current ratio from 0.17 to 1.31; short-term debt falls from €1.5m to €248,885.
16-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet -€77,445
Net result drops to -€77,445, the lowest in the series; recovery starts the following year.
25-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Brasschaat · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
4,865 m²
Building footprint
422 m²
Parcel 11322E0303/00C003, Flanders. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Wimat Projects
Oudstrijderslei 30, 2930 BrasschaatReal estate development
since 20182.272.468.587
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11322E0303/00C003 Flanders 4,865 m² 1 · 422 m² -
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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Immco.be 100%
  2. Wimat Projects

Highest known parent: Immco.be. The sources do not say who stands above it.

Owners 1

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.

Similar companies · same sector, comparable size

Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 13,215 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
Founded22-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
71111Activities of building architects
Contact
Phone 0498284168Brasschaat
E-invoicing
Reachable via Peppol
Peppol ID 0208:0681660075
Also 9925:BE0681660075
Registered 04-03-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.