WISSELKOUTER
ActiveSummary
WISSELKOUTER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.87M and a net result of €265k. Equity is growing by ~52.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-29
Solvency62▲+6
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.46 in 2024; short-term debt: 63.1% and cash: 4.8% of total assets), but 63.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
36.6%
Return on assets
5.2%
Age of the figures
9 mo
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
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 07-07-2026, 24 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
24 d early
2024
30 d early
2023
44 d early
2022
42 d early
2021
46 d early
2020
47 d early
2019
35 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.63M▲ 5.8%
2024 · €4.37M
2019: €343klowest in 7 years
2020: €5.08M▲ +1379% vs 2019
2021: €5.08M● +0.0% vs 2020highest in 7 years
2022: €1.93M▼ -62.1% vs 2021
2023: €958k▼ -50.3% vs 2022
2024: €4.37M▲ +357% vs 2023
2025: €4.63M▲ +5.8% vs 2024
2019 → 2025
EBIT margin
14.1%▼ 13.3pp
2024 · 27.4%
2019: -61.2%lowest in 7 years
2020: 10.9%▲ +118% vs 2019
2021: 12.0%▲ +9.7% vs 2020
2022: 15.5%▲ +28.8% vs 2021
2023: 12.5%▼ -19.5% vs 2022
2024: 27.4%▲ +120% vs 2023highest in 7 years
2025: 14.1%▼ -48.5% vs 2024
2019 → 2025
Net result
€265k▼ 69.4%
2024 · €867k
2019: €-274klowest in 7 years
2020: €410k▲ +250% vs 2019
2021: €402k▼ -2.0% vs 2020
2022: €116k▼ -71.2% vs 2021
2023: €70k▼ -39.8% vs 2022
2024: €867k▲ +1144% vs 2023highest in 7 years
2025: €265k▼ -69.4% vs 2024
2019 → 2025
Working capital
€1.89M▲ 16.0%
2024 · €1.63M
2019: €-209klowest in 7 years
2020: €205k▲ +198% vs 2019
2021: €604k▲ +194% vs 2020
2022: €719k▲ +19.1% vs 2021
2023: €790k▲ +9.9% vs 2022
2024: €1.63M▲ +106% vs 2023
2025: €1.89M▲ +16.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.08M-€1.93M▼ 62.1%€958k▼ 50.3%€4.37M▲ 357%€4.63M▲ 5.8%
2021: €5.08Mhighest in 5 years
2022: €1.93M▼ -62.1% vs 2021
2023: €958k▼ -50.3% vs 2022lowest in 5 years
2024: €4.37M▲ +357% vs 2023
2025: €4.63M▲ +5.8% vs 2024
Equity€557k-€672k▲ 20.8%€742k▲ 10.4%€1.61M▲ 117%€1.87M▲ 16.5%
2021: €557klowest in 5 years
2022: €672k▲ +20.8% vs 2021
2023: €742k▲ +10.4% vs 2022
2024: €1.61M▲ +117% vs 2023
2025: €1.87M▲ +16.5% vs 2024highest in 5 years
Operating result€610k-€298k▼ 51.1%€119k▼ 60.0%€1.20M▲ 904%€653k▼ 45.5%
2021: €610k
2022: €298k▼ -51.1% vs 2021
2023: €119k▼ -60.0% vs 2022lowest in 5 years
2024: €1.20M▲ +904% vs 2023highest in 5 years
2025: €653k▼ -45.5% vs 2024
Net result€402k-€116k▼ 71.2%€70k▼ 39.8%€867k▲ 1,144%€265k▼ 69.4%
2021: €402k
2022: €116k▼ -71.2% vs 2021
2023: €70k▼ -39.8% vs 2022lowest in 5 years
2024: €867k▲ +1144% vs 2023highest in 5 years
2025: €265k▼ -69.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.12M
Fixed assets
€2k =
Current assets
€5.12M ▼ 1.7%
Equity and liabilities €5.12M
Equity
€1.87M ▲ 16.5%
Debt
€3.25M ▼ 9.8%
Debt's share of the balance-sheet total falls from 69.1% to 63.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.59▲
2024 · 1.46
Quick ratio
0.13▼
2024 · 0.47
Debt to equity
1.73▼
2024 · 2.24
ROE
14.2%▼
2024 · 53.9%
ROA
5.2%▼
2024 · 16.7%
Debt ≤ 1 year
€3.23M▼
2024 · €3.58M
Income taxes
€88k▼
2024 · €289k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.21M€5.12M▼
Fixed assets21/28€2k€2k=
Financial fixed assets28€2k€2k=
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€5.21M€5.12M▼
Stocks and contracts in progress3€3.51M€4.69M▲
Contracts in progress37€3.51M€4.69M▲
Amounts receivable within one year40/41€86k€184k▲
Trade receivables40€3k€121k▲
Other amounts receivable41€83k€63k▼
Current investments50/53€140k-
Other investments51/53€140k-
Cash at bank and in hand54/58€1.44M€248k▼
Deferred charges and accrued income490/1€23k-
Equity and liabilities
Total equity and liabilities10/49€5.21M€5.12M▼
Equity10/15€1.61M€1.87M▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€1.59M€1.85M▲
Amounts payable17/49€3.60M€3.25M▼
Amounts payable within one year42/48€3.58M€3.23M▼
Financial debts43-€1.10M
Credit institutions430/8-€1.10M
Trade debts44€1.72M€1.65M▼
Suppliers440/4€1.72M€1.65M▼
Advances received on contracts in progress46€1.50M€13k▼
Taxes, remuneration and social security45-€100k
Taxes450/3-€100k
Other amounts payable47/48€366k€366k=
Accrued charges and deferred income492/3€21k€16k▼
Income statement
Code20242025
Operating income70/76A€6.93M€5.91M▼
Turnover70€4.37M€4.63M▲
Change in stocks of work in progress, finished goods and contracts in progress71€2.55M€1.17M▼
Other operating income74€4k€106k▲
Operating charges60/66A€5.73M€5.26M▼
Goods for resale, raw materials and consumables60€5.66M€4.90M▼
Purchases600/8€5.66M€4.90M▼
Services and other goods61€72k€353k▲
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€1.20M€653k▼
Financial income75/76B€32k€4k▼
Recurring financial income75€32k€4k▼
Income from current assets751€32k€4k▼
Financial charges65/66B€75k€303k▲
Recurring financial charges65€75k€303k▲
Debt charges650€35k€286k▲
Other financial charges652/9€40k€17k▼
Profit (loss) for the period before taxes9903€1.16M€354k▼
Income taxes67/77€289k€88k▼
Taxes670/3€289k€88k▼
Tax adjustments and reversals of tax provisions77€31-
Profit (loss) for the period9904€867k€265k▼
Profit (loss) for the period to be appropriated9905€867k€265k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.59M€1.85M▲
Profit (loss) brought forward from the previous period14P€722k€1.59M▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €4.16M | €849k | €1.08M | €6.93M | €5.91M | ▼ 14.7% |
| Turnover70 | €5.08M | €1.93M | €958k | €4.37M | €4.63M | ▲ 5.8% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €-927k | €-1.09M | €53k | €2.55M | €1.17M | ▼ 53.9% |
| Other operating income74 | €6k | €12k | €67k | €4k | €106k | ▲ 2,299% |
| Operating charges60/66A | €3.55M | €551k | €959k | €5.73M | €5.26M | ▼ 8.3% |
| Goods for resale, raw materials and consumables60 | €3.42M | €326k | €710k | €5.66M | €4.90M | ▼ 13.4% |
| Purchases600/8 | €3.42M | €326k | €710k | €5.66M | €4.90M | ▼ 13.4% |
| Services and other goods61 | €130k | €220k | €248k | €72k | €353k | ▲ 392% |
| Other operating charges640/8 | €1k | €5k | €1k | €1k | €1k | ▲ 5.1% |
| Operating profit (loss)9901 | €610k | €298k | €119k | €1.20M | €653k | ▼ 45.5% |
| Financial income75/76B | €0 | €0 | €0 | €32k | €4k | ▼ 88.7% |
| Recurring financial income75 | €0 | €0 | €0 | €32k | €4k | ▼ 88.7% |
| Income from current assets751 | - | - | - | €32k | €4k | ▼ 88.7% |
| Other financial income752/9 | €0 | €0 | €0 | - | - | - |
| Financial charges65/66B | €74k | €144k | €27k | €75k | €303k | ▲ 306% |
| Recurring financial charges65 | €74k | €144k | €27k | €75k | €303k | ▲ 306% |
| Debt charges650 | €62k | €143k | €7k | €35k | €286k | ▲ 719% |
| Other financial charges652/9 | €12k | €676 | €19k | €40k | €17k | ▼ 56.7% |
| Profit (loss) for the period before taxes9903 | €536k | €154k | €93k | €1.16M | €354k | ▼ 69.4% |
| Income taxes67/77 | €134k | €39k | €23k | €289k | €88k | ▼ 69.5% |
| Taxes670/3 | €134k | €39k | €23k | €289k | €88k | ▼ 69.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | €123 | €31 | - | - |
| Profit (loss) for the period9904 | €402k | €116k | €70k | €867k | €265k | ▼ 69.4% |
| Profit (loss) for the period to be appropriated9905 | €402k | €116k | €70k | €867k | €265k | ▼ 69.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.01M | €2.97M | €2.86M | €5.21M | €5.12M | ▼ 1.7% |
| Fixed assets21/28 | €9k | €9k | €2k | €2k | €2k | = |
| Financial fixed assets28 | €9k | €9k | €2k | €2k | €2k | = |
| Other financial fixed assets284/8 | €9k | €9k | €2k | €2k | €2k | = |
| Amounts receivable and cash guarantees285/8 | €9k | €9k | €2k | €2k | €2k | = |
| Current assets29/58 | €3.00M | €2.96M | €2.86M | €5.21M | €5.12M | ▼ 1.7% |
| Stocks and contracts in progress3 | €2.00M | €910k | €963k | €3.51M | €4.69M | ▲ 33.4% |
| Contracts in progress37 | €2.00M | €910k | €963k | €3.51M | €4.69M | ▲ 33.4% |
| Amounts receivable within one year40/41 | €11k | €38k | €23k | €86k | €184k | ▲ 113% |
| Trade receivables40 | €10k | - | - | €3k | €121k | ▲ 3,774% |
| Other amounts receivable41 | €1k | €38k | €23k | €83k | €63k | ▼ 24.1% |
| Current investments50/53 | - | - | - | €140k | - | - |
| Other investments51/53 | - | - | - | €140k | - | - |
| Cash at bank and in hand54/58 | €989k | €2.01M | €1.86M | €1.44M | €248k | ▼ 82.8% |
| Deferred charges and accrued income490/1 | - | - | €10k | €23k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.01M | €2.97M | €2.86M | €5.21M | €5.12M | ▼ 1.7% |
| Equity10/15 | €557k | €672k | €742k | €1.61M | €1.87M | ▲ 16.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €536k | €652k | €722k | €1.59M | €1.85M | ▲ 16.7% |
| Amounts payable17/49 | €2.45M | €2.30M | €2.12M | €3.60M | €3.25M | ▼ 9.8% |
| Amounts payable within one year42/48 | €2.40M | €2.24M | €2.07M | €3.58M | €3.23M | ▼ 9.7% |
| Financial debts43 | - | - | - | - | €1.10M | - |
| Credit institutions430/8 | - | - | - | - | €1.10M | - |
| Trade debts44 | €923k | €1,000k | €1.11M | €1.72M | €1.65M | ▼ 3.8% |
| Suppliers440/4 | €923k | €1,000k | €1.11M | €1.72M | €1.65M | ▼ 3.8% |
| Advances received on contracts in progress46 | €63k | - | €487k | €1.50M | €13k | ▼ 99.1% |
| Taxes, remuneration and social security45 | €169k | - | €107k | - | €100k | - |
| Taxes450/3 | €169k | - | €107k | - | €100k | - |
| Other amounts payable47/48 | €1.24M | €1.24M | €366k | €366k | €366k | = |
| Accrued charges and deferred income492/3 | €56k | €56k | €50k | €21k | €16k | ▼ 22.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €402k | €116k | €70k | €867k | €265k | ▼ 69.4% |
| Operating cash flow (approximation) | €402k | €116k | €70k | €867k | €265k | ▼ 69.4% |
| Investment in fixed assets (approximation) | - | €0 | €8k | €0 | €0 | - |
| Change in cash | - | €1.02M | €-152k | €-417k | €-1.20M | ▼ 187% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €867k ▲1,144%
Operating result €1.20M, net result €867k, both a record.
31-12
Financial
Equity above €1MEq €1.61M ▲117%
5 profitable years in a row build equity to €1.61M.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €557k ▲259%
2 profitable years in a row build equity to €557k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €410k
Net result €410k after one loss-making year.
31-12
Financial
Equity above €150kEq €155k
Equity rises from €-255k to €155k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial 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, Gent · 1 establishment unit since 2018
Ground area
1.8 ha
Building footprint
2,149 m²
Volume, LiDAR
16,051 m³
Parcel 44062A0160/00E000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
WISSELKOUTER
since 20182.280.813.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0160/00E000 | Flanders | 1.8 ha | 1 · 2,148 m² | 10.0 m · 3 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 · 1 entry · 5,801 EUR awarded · 5,801 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 5,801 EUR | 5,801 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,081 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
Founded06-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.