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WITCO

Active
Private limited companyfounded 20242 yrs activeTijkstraat 58, 2360 Oud-Turnhout, BelgiumKBO/BCE: BE 1010.778.404
Summary

WITCO has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41,270 and a net result of €37,129. Its solvency ranks better than 47% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes
Profitability100
Solvency85
Growth-
Track record67
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.48; short-term debt: 40.3% and cash: 26% of total assets), and 40.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · 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
highest failure risk from 2 to 8 years 2 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-04-2025, 98 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
98 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 98 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
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

On 26 June 2024, WITCO was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€41,270
Total assets
€69,153
Net result
€37,129
Working capital
€41,270

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

Balance-sheet composition
Equity and liabilities €69,153
Equity €41,270
Debt €27,882
Debt finances 40.3% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
2.48
Debt to equity
0.68
ROE
90.0%
ROA
53.7%
Debt ≤ 1 year
€27,882
Income taxes
€9,478
Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€69,153
Current assets29/58€69,153
Amounts receivable within one year40/41€39,979
Trade receivables40€39,979
Cash at bank and in hand54/58€17,994
Deferred charges and accrued income490/1€11,180
Equity and liabilities
Total equity and liabilities10/49€69,153
Equity10/15€41,270
Contributions10/11€5,000
Reserves13€36,270
Distributable reserves133€36,270
Profit (loss) carried forward14€0
Amounts payable17/49€27,882
Amounts payable within one year42/48€27,882
Trade debts44€4,427
Suppliers440/4€4,427
Taxes, remuneration and social security45€20,684
Taxes450/3€20,684
Other amounts payable47/48€2,771
Income statement Code2024
Other operating charges640/8€815
Gross operating margin9900€47,883
Operating profit (loss)9901€47,068
Financial charges65/66B€461
Recurring financial charges65€461
Profit (loss) for the period before taxes9903€46,608
Income taxes67/77€9,478
Profit (loss) for the period9904€37,129
Profit (loss) for the period to be appropriated9905€37,129
Appropriation of the result
Profit (loss) to be appropriated9906€37,129
Transfer to equity691/2€36,270
To other reserves6921€36,270
Profit to be distributed694/7€859
Return on contributions (dividend)694€859

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Other operating charges640/8€815
Gross operating margin9900€47,883
Operating profit (loss)9901€47,068
Financial charges65/66B€461
Recurring financial charges65€461
Profit (loss) for the period before taxes9903€46,608
Income taxes67/77€9,478
Profit (loss) for the period9904€37,129
Profit (loss) for the period to be appropriated9905€37,129
Line2024
Assets
Total assets20/58€69,153
Current assets29/58€69,153
Amounts receivable within one year40/41€39,979
Trade receivables40€39,979
Cash at bank and in hand54/58€17,994
Deferred charges and accrued income490/1€11,180
Equity and liabilities
Total equity and liabilities10/49€69,153
Equity10/15€41,270
Contributions10/11€5,000
Reserves13€36,270
Distributable reserves133€36,270
Profit (loss) carried forward14€0
Amounts payable17/49€27,882
Amounts payable within one year42/48€27,882
Trade debts44€4,427
Suppliers440/4€4,427
Taxes, remuneration and social security45€20,684
Taxes450/3€20,684
Other amounts payable47/48€2,771
Line2024
Profit (loss) for the period9904€37,129
Operating cash flow (approximation)€37,129

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

2025
24-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Oud-Turnhout · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
674 m²
Building footprint
155 m²
Volume, LiDAR
790 m³
Parcel 13483I0007/00W000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WITCO
Tijkstraat 58, 2360 Oud-TurnhoutOther software publishing
since 20242.361.411.253
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13483I0007/00W000 Flanders 674 m² 1 · 155 m² 6.3 m · 2 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.

Similar companies · same sector, comparable size

Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,027 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
Founded26-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming

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