Investments
€41,505 3.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 119.1% higher than in 2024.
WITMA PROJECTS
Lifetime
14 annual accounts with figures on one time axispeak €38,179 (2013)
€36,076▲ 267%
lowest -€4,954 (2016)
€16,434▲ 41×
peak €62,172 (2025)
€62,172▲ 35.9%
€81,908▲ 74.8%
Board1 name since 2022
1 directorVAN STEENKISTE Michaël
Documentsfilings and deeds
13-07-202618 days before the deadline
2025micro format
Gross margin from €9,843 to €36,076Result from €405 to €16,434Equity from €45,738 to €62,172Debts from €46,865 to €81,908Investments €41,505Cash from €23,640 to €34,077
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 64% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.26, cash €34,077
Founded in 2011
Equity €62,172 (43.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 46% of them on solvency, 68% on liquidity, 65% on profitability and 78% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as WITMA PROJECTS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of WITMA PROJECTS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for WITMA PROJECTS. 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.26 (1.38 in 2024), above the usual 1.5. Short-term debt is 26.6% and cash 23.7% of total assets. However, 56.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
4 days late
2023
22 days late
2022
27 days early
2021
24 days early
2020
24 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0833636014
Resignation: VAN STEENKISTE Michaël (director)
Reappointment: VAN STEENKISTE Michaël (director) · “Timmer- en schrijnwerk in de ruimste zin van het woord zowel binnen als buiten, in hout, metaal, kunststof,……” (deed in Dutch) · Legal-form conversion: to private limited company · General meeting of 28-06-2023 · Gazette deed
First establishment
Grote Kruisstraat 116, Menen
Incorporation
published on 23-02-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WITMA PROJECTS Menen | €144,080 | €36,076 | 43.2% | - |
| SAMAU Ostend | €151,528 | €31,521 | 79.4% | - |
| Menuiserie Pellens Beyne-Heusay | €137,034 | €34,948 | 17.5% | - |
| HD CARPENTRY Maldegem | €150,916 | €39,647 | 77.9% | - |
| USB Chassis Construct Jemeppe-sur-Sambre | €130,656 | €36,878 | 8.1% | - |
| DE VILLE MAATWERK & INTERIEUR Brakel | €148,501 | €31,458 | 51.4% | - |
| GERT VALENT Stekene | €156,197 | €36,738 | 66.3% | - |
These companies have the same main activity as WITMA PROJECTS: joinery installation (NACE 43320). They are comparable in size and age: total assets between €131,000 and €156,000, founded between 2010 and 2012.
Official details
Source: KBO- Status
- Active since 07-02-2011Normal situation
- Activity
- Joinery installationNACE 43320and 5 others
- Establishment unit
- 2.196.702.5808930 Menen, since 10-03-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 04-08-2025
Annual accounts 2025
- ≈ €220,000estimated
- €144,080▲ 55.6%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on WITMA PROJECTS
WITMA PROJECTS files the micro format. That format states no turnover. The gross margin rose from €27,558 in 2012 to €36,076 in 2025.
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WITMA PROJECTS
- What is the company number of WITMA PROJECTS?
- The company number of WITMA PROJECTS is 0833.636.014. The VAT number is the same number with BE in front: BE 0833.636.014.
- Where is WITMA PROJECTS based?
- The registered office is at Grote Kruisstraat 116, 8930 Menen.Company details
- What does WITMA PROJECTS do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of WITMA PROJECTS?
- WITMA PROJECTS is a private limited company (BV).
- When was WITMA PROJECTS founded?
- WITMA PROJECTS was founded on 07-02-2011.
- Is WITMA PROJECTS still active?
- Yes, WITMA PROJECTS is an active enterprise in the KBO register.
- What is the turnover of WITMA PROJECTS?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €36,076 and 32 comparable companies (NACE 43320). It probably lies between €160,000 and €370,000.Financials
- Is WITMA PROJECTS profitable?
- In financial year 2025, WITMA PROJECTS made a profit of €16,434.
- Where can I find the annual accounts of WITMA PROJECTS?
- WITMA PROJECTS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WITMA PROJECTS due?
- WITMA PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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