Wit Paard

Active

Private limited companyfounded 20241 yr activeBrusselsesteenweg 713, 9050 Gent, BelgiumKBO/BCE: BE 1017.447.252

The computed 12-month bankruptcy probability of Wit Paard is 2.3% (moderate). The 2025 annual accounts show equity of €28k and a net result of €26k. Its solvency ranks better than 83% of 3644 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

79 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability100

Solvency91

Growth-

Track record67

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 2.69; short-term debt: 33.6% and cash: 53% of total assets), and 33.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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

66.4%

Return on assets

61.6%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

31 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2025, abbreviated schema

Equity

€28k

Total assets

€42k

Net result

€26k

Working capital

€24k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition

Assets €42k

10%

90.4%

Fixed assets €4k

Current assets €38k

Equity and liabilities €42k

66.4%

33.6%

Equity €28k

Debt €14k

Debt finances 33.6% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€33k

Cash flow

€27k

Solvency

66.4%

Current ratio

2.69

Quick ratio

2.58

Debt / equity

0.51

ROE

92.8%

ROA

61.6%

Interest coverage

403.10

Debt

€14k

Debt ≤ 1 year

€14k

Income taxes

€7k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€42k

Fixed assets21/28€4k

Intangible fixed assets21€4k

Current assets29/58€38k

Amounts receivable after more than one year29€12k

Other amounts receivable291€12k

Stocks and contracts in progress3€2k

Stocks30/36€2k

Amounts receivable within one year40/41€2k

Other amounts receivable41€2k

Cash at bank and in hand54/58€22k

Equity and liabilities

Total equity and liabilities10/49€42k

Equity10/15€28k

Contributions10/11€2k

Outside capital11€2k

Other1109/19€2k

Reserves13€26k

Distributable reserves133€26k

Amounts payable17/49€14k

Amounts payable within one year42/48€14k

Trade debts44€797

Suppliers440/4€797

Taxes, remuneration and social security45€13k

Taxes450/3€13k

Income statement Code2025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k

Other operating charges640/8€559

Gross operating margin9900€34k

Operating profit (loss)9901€32k

Financial charges65/66B€83

Recurring financial charges65€83

Profit (loss) for the period before taxes9903€32k

Income taxes67/77€7k

Profit (loss) for the period9904€26k

Profit (loss) for the period to be appropriated9905€26k

Appropriation of the result

Profit (loss) to be appropriated9906€26k

Transfer to equity691/2€26k

To other reserves6921€26k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

NBB filing

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Brusselsesteenweg 7139050 Gent

Ground area

1,195 m²

Building footprint

206 m²

Volume, LiDAR

2,600 m³