WITMA PROJECTS
ActiveSummary
WITMA PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €16k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+14
Solvency68▼-6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 1.38 in 2024; short-term debt: 26.6% and cash: 23.7% of total assets), but 56.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
43.2%
Return on assets
11.4%
Age of the figures
9 mo
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 d early
2024
4 d late
2023
22 d late
2022
27 d early
2021
24 d early
2020
24 d early
2019
25 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, micro schema
Equity
€62k▲ 35.9%
2024 · €46k
2019: €37klowest in 7 years
2020: €38k▲ +3.0% vs 2019
2021: €44k▲ +14.2% vs 2020
2022: €39k▼ -10.3% vs 2021
2023: €45k▲ +15.8% vs 2022
2024: €46k▲ +0.9% vs 2023
2025: €62k▲ +35.9% vs 2024highest in 7 years
2019 → 2025
Total assets
€144k▲ 55.6%
2024 · €93k
2019: €84k
2020: €96k▲ +14.1% vs 2019
2021: €77k▼ -19.7% vs 2020lowest in 7 years
2022: €81k▲ +4.8% vs 2021
2023: €104k▲ +28.3% vs 2022
2024: €93k▼ -11.0% vs 2023
2025: €144k▲ +55.6% vs 2024highest in 7 years
2019 → 2025
Net result
€16k▲ 3,955%
2024 · €405
2019: €2k
2020: €1k▼ -47.4% vs 2019
2021: €5k▲ +390% vs 2020
2022: €-5k▼ -183% vs 2021lowest in 7 years
2023: €6k▲ +237% vs 2022
2024: €405▼ -93.4% vs 2023
2025: €16k▲ +3955% vs 2024highest in 7 years
2019 → 2025
Working capital
€48k▲ 174%
2024 · €18k
2019: €27k
2020: €27k▲ +3.0% vs 2019
2021: €34k▲ +25.4% vs 2020
2022: €24k▼ -30.0% vs 2021
2023: €34k▲ +39.9% vs 2022
2024: €18k▼ -47.9% vs 2023lowest in 7 years
2025: €48k▲ +174% 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
Equity€44k-€39k▼ 10.3%€45k▲ 15.8%€46k▲ 0.9%€62k▲ 35.9%
2021: €44k
2022: €39k▼ -10.3% vs 2021lowest in 5 years
2023: €45k▲ +15.8% vs 2022
2024: €46k▲ +0.9% vs 2023
2025: €62k▲ +35.9% vs 2024highest in 5 years
Operating result€6k-€-3k€7k€833▼ 88.7%€20k▲ 2,259%
2021: €6k
2022: €-3k▼ -152% vs 2021lowest in 5 years
2023: €7k▲ +320% vs 2022
2024: €833▼ -88.7% vs 2023
2025: €20k▲ +2259% vs 2024highest in 5 years
Net result€5k-€-5k€6k€405▼ 93.4%€16k▲ 3,955%
2021: €5k
2022: €-5k▼ -183% vs 2021lowest in 5 years
2023: €6k▲ +237% vs 2022
2024: €405▼ -93.4% vs 2023
2025: €16k▲ +3955% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2,259% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€58k ▲ 105%
Current assets
€86k ▲ 34.1%
Equity and liabilities €144k
Equity
€62k ▲ 35.9%
Debt
€82k ▲ 74.8%
Debt's share of the balance-sheet total rises from 50.6% to 56.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2024 · €5k
Cash flow
€28k▲
2024 · €5k
Current ratio
2.26▲
2024 · 1.38
Debt to equity
1.32▲
2024 · 1.02
ROE
26.4%▲
2024 · 0.9%
ROA
11.4%▲
2024 · 0.4%
Interest coverage
9.29▼
2024 · 12.55
Debt ≤ 1 year
€38k▼
2024 · €47k
Debt > 1 year
€44k
Income taxes
€1▼
2024 · €348
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€93k€144k▲
Fixed assets21/28€28k€58k▲
Tangible fixed assets22/27€24k€53k▲
Plant, machinery and equipment23€24k€53k▲
Furniture and vehicles24-€939
Financial fixed assets28€4k€4k=
Current assets29/58€64k€86k▲
Amounts receivable within one year40/41€41k€52k▲
Trade receivables40€33k€48k▲
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€24k€34k▲
Equity and liabilities
Total equity and liabilities10/49€93k€144k▲
Equity10/15€46k€62k▲
Contributions10/11€20k€20k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€11k€28k▲
Amounts payable17/49€47k€82k▲
Amounts payable after more than one year17-€44k
Financial debts170/4-€44k
Amounts payable within one year42/48€47k€38k▼
Current portion of amounts payable after more than one year42€771€7k▲
Trade debts44€30k€18k▼
Suppliers440/4€30k€18k▼
Other amounts payable47/48€16k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€12k▲
Other operating charges640/8€979€812▼
Non-recurring operating charges66A€4k€4k=
Gross operating margin9900€10k€36k▲
Operating profit (loss)9901€833€20k▲
Financial income75/76B€340€204▼
Recurring financial income75€340€204▼
Financial charges65/66B€420€3k▲
Recurring financial charges65€420€3k▲
Profit (loss) for the period before taxes9903€753€16k▲
Income taxes67/77€348€1▼
Profit (loss) for the period9904€405€16k▲
Profit (loss) for the period to be appropriated9905€405€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€28k▲
Profit (loss) brought forward from the previous period14P€11k€11k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €7k | €9k | €4k | €12k | ▲ 171% |
| Other operating charges640/8 | - | €979 | €2k | €979 | €812 | ▼ 17.1% |
| Non-recurring operating charges66A | - | - | - | €4k | €4k | = |
| Gross operating margin9900 | €17k | €4k | €18k | €10k | €36k | ▲ 267% |
| Operating profit (loss)9901 | €6k | €-3k | €7k | €833 | €20k | ▲ 2,259% |
| Financial income75/76B | - | €27 | €102 | €340 | €204 | ▼ 40.1% |
| Recurring financial income75 | - | €27 | €102 | €340 | €204 | ▼ 40.1% |
| Financial charges65/66B | - | €1k | €1k | €420 | €3k | ▲ 712% |
| Recurring financial charges65 | €979 | €1k | €1k | €420 | €3k | ▲ 712% |
| Profit (loss) for the period before taxes9903 | €5k | €-4k | €6k | €753 | €16k | ▲ 2,082% |
| Income taxes67/77 | - | €195 | €20 | €348 | €1 | ▼ 99.7% |
| Profit (loss) for the period9904 | €5k | €-5k | €6k | €405 | €16k | ▲ 3,955% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-5k | €6k | €405 | €16k | ▲ 3,955% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77k | €81k | €104k | €93k | €144k | ▲ 55.6% |
| Fixed assets21/28 | €16k | €22k | €12k | €28k | €58k | ▲ 105% |
| Tangible fixed assets22/27 | €16k | €20k | €12k | €24k | €53k | ▲ 123% |
| Plant, machinery and equipment23 | - | €16k | €11k | €24k | €53k | ▲ 119% |
| Furniture and vehicles24 | - | €3k | €1k | - | €939 | - |
| Financial fixed assets28 | - | €2k | - | €4k | €4k | = |
| Current assets29/58 | €61k | €59k | €92k | €64k | €86k | ▲ 34.1% |
| Amounts receivable within one year40/41 | €39k | €45k | €35k | €41k | €52k | ▲ 28.3% |
| Trade receivables40 | - | €42k | €31k | €33k | €48k | ▲ 46.6% |
| Other amounts receivable41 | - | €3k | €5k | €8k | €4k | ▼ 48.9% |
| Cash at bank and in hand54/58 | €22k | €11k | €55k | €24k | €34k | ▲ 44.1% |
| Deferred charges and accrued income490/1 | - | €3k | €1k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77k | €81k | €104k | €93k | €144k | ▲ 55.6% |
| Equity10/15 | €44k | €39k | €45k | €46k | €62k | ▲ 35.9% |
| Contributions10/11 | - | €19k | €20k | €20k | €20k | = |
| Reserves13 | €16k | €16k | €14k | €14k | €14k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €14k | €14k | €14k | €14k | = |
| Profit (loss) carried forward14 | €9k | €5k | €11k | €11k | €28k | ▲ 146% |
| Amounts payable17/49 | €34k | €42k | €59k | €47k | €82k | ▲ 74.8% |
| Amounts payable after more than one year17 | €7k | €7k | €771 | - | €44k | - |
| Financial debts170/4 | - | €7k | €771 | - | €44k | - |
| Amounts payable within one year42/48 | €27k | €35k | €58k | €47k | €38k | ▼ 18.3% |
| Current portion of amounts payable after more than one year42 | - | €8k | €3k | €771 | €7k | ▲ 828% |
| Trade debts44 | €5k | €10k | €41k | €30k | €18k | ▼ 41.1% |
| Suppliers440/4 | - | €10k | €41k | €30k | €18k | ▼ 41.1% |
| Taxes, remuneration and social security45 | - | €5k | - | - | - | - |
| Taxes450/3 | - | €5k | - | - | - | - |
| Other amounts payable47/48 | - | €12k | €14k | €16k | €13k | ▼ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-5k | €6k | €405 | €16k | ▲ 3,955% |
| + Depreciation and write-downs630 | €10k | €7k | €9k | €4k | €12k | ▲ 171% |
| Operating cash flow (approximation) | €16k | €2k | €15k | €5k | €28k | ▲ 488% |
| Investment in fixed assets (approximation) | - | €-13k | €1k | €-20k | €-42k | ▼ 105% |
| Change in cash | - | €-11k | €44k | €-32k | €10k | ▲ 133% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €16k ▲3,955%
Operating result €20k, net result €16k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
04-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Menen · 1 establishment unit since 2011
Ground area
1,459 m²
Building footprint
162 m²
Parcel 34024C0496/00S000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Witma Projects
since 20112.196.702.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024C0496/00S000 | Flanders | 1,459 m² | 1 · 162 m² | - |
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.
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,553 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
Founded07-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41003General construction of other non-residential buildings
43211General electrical installation work
43221Plumbing work
43343Specialised construction activities
71111Activities of building architects
Contact
Website
www.witmaprojects.be
E-mail
witma.projects@skynet.be
Phone
056/45 69 45
Fax
056/45 69 45
E-mail
Witma.projects@telenet.beMenen
Phone
056324739Menen
Scores and ratios are computed by Checked and are not a credit decision.