WIT-TECH
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 18-05-2026 PDF all 20 filings
Turnover
≈ €450,000
Estimated: probably between €350,000 and €820,000
Total assets
€10.5m▲ 15.8%
2024 · €9.1m
Net result
€1.4m▲ 521%
2024 · €228,019
Working capital
€5.4m▲ 42.6%
2024 · €3.8m
In the rankings
#1 company by equity in Sint-Gillis-Waas, Professional and technical services sector#2 company by total assets in Sint-Gillis-Waas, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€54,684
▲ 0.5%
2025
20182025
Net result
€1.4m
▲ 521%
2025
highest quarter of the sector
20182025
Equity
€10.5m
▲ 15.6%
2025
highest quarter of the sector
20182025
Total assets
€10.5m
▲ 15.8%
2025
highest quarter of the sector
20182025
Debt
€32,696
▲ 199%
2025
20182025
Working capital
€5.4m
▲ 42.6%
2025
highest quarter of the sector
20182025
Solvency
99.7%
▼ 0.2pp
2025
highest quarter of the sector
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
13.5%
▲ 10.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.05m-€0.01m▼ 75.8%€0.02m▲ 78.5%-€0.02m€0.07m€0.05m▼ 33.3%€0.05m▲ 16.9%€0.05m▲ 0.5%
Net result€0.1m-€1.0m▲ 979%€0.05mwithin the sector's middle half▼ 95.0%€1.8mabove the sector's middle half▲ 35×€0.2mabove the sector's middle half▼ 91.5%€2.8mabove the sector's middle half▲ 18×€0.2mabove the sector's middle half▼ 91.7%€1.4mabove the sector's middle half▲ 521%
Equity€6.6m-€7.6m▲ 15.7%€7.6mabove the sector's middle half▲ 0.7%€8.3mabove the sector's middle half▲ 9.2%€8.5mabove the sector's middle half▲ 1.8%€10.2mabove the sector's middle half▲ 20.6%€9.1mabove the sector's middle half▼ 11.4%€10.5mabove the sector's middle half▲ 15.6%
Total assets€6.6m-€7.6m▲ 15.9%€7.6mabove the sector's middle half▲ 0.5%€8.4mabove the sector's middle half▲ 9.2%€8.7mabove the sector's middle half▲ 4.0%€10.3mabove the sector's middle half▲ 18.2%€9.1mabove the sector's middle half▼ 11.6%€10.5mabove the sector's middle half▲ 15.8%
Debt€0.01m-€0.03m▲ 137%€0.01m▼ 51.4%€0.02m▲ 59.0%€0.2m▲ 844%€0.03m▼ 83.2%€0.01m▼ 67.9%€0.03m▲ 199%
Working capital€3.0m-€4.1m▲ 36.5%€4.2mabove the sector's middle half▲ 2.7%€3.3mabove the sector's middle half▼ 21.5%€3.0mabove the sector's middle half▼ 11.0%€4.8mabove the sector's middle half▲ 62.1%€3.8mabove the sector's middle half▼ 20.5%€5.4mabove the sector's middle half▲ 42.6%
Solvency99.8%-99.6%▼ 0.2pp99.8%above the sector's middle half▲ 0.2pp99.7%above the sector's middle half▼ 0.1pp97.7%above the sector's middle half▼ 2.1pp99.7%above the sector's middle half▲ 2.0pp99.9%above the sector's middle half▲ 0.2pp99.7%above the sector's middle half▼ 0.2pp
Current ratio15.85above the sector's middle half
Return on assets (ROA)1.4%-13.5%▲ 12.0pp0.7%within the sector's middle half▼ 12.8pp21.5%above the sector's middle half▲ 20.9pp1.8%within the sector's middle half▼ 19.8pp26.8%above the sector's middle half▲ 25.0pp2.5%within the sector's middle half▼ 24.3pp13.5%within the sector's middle half▲ 10.9pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 0% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.5m
Fixed assets
€5.1m ▼ 4.0%
Current assets
€5.5m ▲ 43.3%
Equity and liabilities €10.5m
Equity
€10.5m ▲ 15.6%
Debt
€32,696 ▲ 199%
Debt's share of the balance-sheet total rises from 0.1% to 0.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€266,607▲
2024 · €266,355
Cash flow
€1.6m▲
2024 · €439,942
Debt to equity
0.00▲
2024 · 0.00
ROE
13.5%▲
2024 · 2.5%
Interest coverage
19.29▼
2024 · over 100
Debt ≤ 1 year
€32,200▲
2024 · €4,532
Income taxes
€230,504▲
2024 · €90,796
A ratio outside any meaningful range has been withheld (balance sheet total €10.5m, equity €10.5m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-11-2021 | 30-11-2022 | 30-11-2023 | 30-11-2024 | 30-11-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.7m | €665,865 | €152,686 | - | - |
| Depreciation and write-downs of the year | €86,142 | €146,764 | €211,077 | €211,923 | €211,923 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €6,811 awarded · €6,811 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €0 | €6,811 |
| 2022 | 1 | €6,811 | €0 |
Schemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.09m | €0.09m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | = |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.03m | €0.03m | €0.03m | ▼ 13.1% |
| Gross operating margin9900 | €0.1m | €0.1m | €0.1m | €0.08m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 1.4% |
| Operating profit (loss)9901 | €0.05m | €0.01m | €0.02m | -€0.02m | €0.07m | €0.05m | €0.05m | €0.05m | ▲ 0.5% |
| Financial income75/76B | - | - | - | €2.0m | €0.1m | €3.0m | €0.3m | €1.6m | ▲ 503% |
| Recurring financial income75 | €0.09m | €1.1m | €0.05m | €2.0m | €0.1m | €3.0m | €0.3m | €1.6m | ▲ 503% |
| Financial charges65/66B | - | - | - | €315 | €0.005m | €0.002m | €0.002m | €0.01m | ▲ 796% |
| Recurring financial charges65 | €258 | €267 | €264 | €315 | €0.005m | €0.002m | €0.002m | €0.01m | ▲ 796% |
| Profit (loss) for the period before taxes9903 | €0.1m | €1.1m | €0.07m | €2.0m | €0.2m | €3.0m | €0.3m | €1.6m | ▲ 416% |
| Income taxes67/77 | €0.04m | €0.1m | €0.02m | €0.2m | €0.02m | €0.3m | €0.09m | €0.2m | ▲ 154% |
| Profit (loss) for the period9904 | €0.1m | €1.0m | €0.05m | €1.8m | €0.2m | €2.8m | €0.2m | €1.4m | ▲ 521% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €1.0m | €0.05m | €1.8m | €0.2m | €2.8m | €0.2m | €1.4m | ▲ 521% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.6m | €7.6m | €7.6m | €8.4m | €8.7m | €10.3m | €9.1m | €10.5m | ▲ 15.8% |
| Fixed assets21/28 | €3.5m | €3.5m | €3.4m | €5.0m | €5.5m | €5.5m | €5.3m | €5.1m | ▼ 4.0% |
| Tangible fixed assets22/27 | €2.0m | €1.9m | €1.8m | €3.5m | €4.0m | €3.9m | €3.7m | €3.5m | ▼ 5.7% |
| Land and buildings22 | - | - | - | €3.5m | €4.0m | €3.9m | €3.7m | €3.5m | ▼ 5.7% |
| Financial fixed assets28 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Current assets29/58 | €3.0m | €4.1m | €4.2m | €3.3m | €3.2m | €4.8m | €3.8m | €5.5m | ▲ 43.3% |
| Amounts receivable within one year40/41 | €1.6m | €2.0m | €2.0m | €1.8m | €1.9m | €3.4m | €2.1m | €2.7m | ▲ 28.4% |
| Trade receivables40 | - | - | - | - | - | - | €115 | - | - |
| Other amounts receivable41 | - | - | - | €1.8m | €1.9m | €3.4m | €2.1m | €2.7m | ▲ 28.4% |
| Current investments50/53 | €0.9m | €1.6m | €1.7m | €1.1m | €0.6m | €1.1m | €1.6m | €2.0m | ▲ 24.4% |
| Cash at bank and in hand54/58 | €0.5m | €0.5m | €0.5m | €0.4m | €0.6m | €0.3m | €0.07m | €0.7m | ▲ 883% |
| Deferred charges and accrued income490/1 | - | - | - | €0.008m | €0.02m | €0.01m | €0.003m | €0.002m | ▼ 49.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.6m | €7.6m | €7.6m | €8.4m | €8.7m | €10.3m | €9.1m | €10.5m | ▲ 15.8% |
| Equity10/15 | €6.6m | €7.6m | €7.6m | €8.3m | €8.5m | €10.2m | €9.1m | €10.5m | ▲ 15.6% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €4.1m | €5.2m | €5.2m | €5.9m | €6.1m | €7.8m | €6.6m | €8.0m | ▲ 21.2% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €5.9m | €6.1m | €7.8m | €6.6m | €8.0m | ▲ 21.3% |
| Profit (loss) carried forward14 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | ▲ 0.2% |
| Amounts payable17/49 | €0.01m | €0.03m | €0.01m | €0.02m | €0.2m | €0.03m | €0.01m | €0.03m | ▲ 199% |
| Amounts payable within one year42/48 | €0.01m | €0.03m | €0.01m | €0.02m | €0.2m | €0.005m | €0.005m | €0.03m | ▲ 610% |
| Trade debts44 | €365 | €0.01m | €0.006m | €0.01m | €0.2m | €26 | €28 | €0.002m | ▲ 75× |
| Suppliers440/4 | - | - | - | €0.01m | €0.2m | €26 | €28 | €0.002m | ▲ 75× |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.03m | ▲ 44× |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.03m | ▲ 44× |
| Other amounts payable47/48 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | ▲ 0.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.004m | €0.03m | €0.006m | €496 | ▼ 92.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €1.0m | €0.05m | €1.8m | €0.2m | €2.8m | €0.2m | €1.4m | ▲ 521% |
| + Depreciation and write-downs630 | €0.09m | €0.09m | €0.09m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | = |
| Operating cash flow (approximation) | €0.2m | €1.1m | €0.1m | €1.9m | €0.3m | €3.0m | €0.4m | €1.6m | ▲ 270% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.03m | -€1.7m | -€0.7m | -€0.2m | €0 | €0 | - |
| Change in cash | - | €0.02m | €0.03m | -€0.1m | €0.2m | -€0.3m | -€0.3m | €0.7m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,579 companies had the same profile as WIT-TECH has now. Two years later, 96.7% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
3.2%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of WIT-TECH itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for WIT-TECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2025 | abbreviated format | 18-05-2026 | 2026-00113068 | |
| 30-11-2024 | abbreviated format | 23-05-2025 | 2025-00104433 | |
| 30-11-2023 | abbreviated format | 16-05-2024 | 2024-00089228 | |
| 30-11-2022 | abbreviated format | 22-05-2023 | 2023-00092391 | |
| 30-11-2021 | abbreviated format | 23-05-2022 | 2022-20033529 | |
| 30-11-2020 | abbreviated format | 19-05-2021 | 2021-14600127 | |
| 30-11-2019 | abbreviated format | 08-06-2020 | 2020-15400422 | |
| 30-11-2018 | abbreviated format | 07-06-2019 | 2019-17000490 | |
| 30-11-2017 | abbreviated format | 07-06-2018 | 2018-17000223 | |
| 30-11-2016 | abbreviated format | 02-06-2017 | 2017-15000058 |