WITTESAELE
ActiveSummary
WITTESAELE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €322k and a net result of €36k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 21.75 against 9.56 in 2024; short-term debt: 4.6% and cash: 89.7% of total assets), and 4.6% 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
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
95.4%
Return on assets
10.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
31 d early
2023
28 d early
2022
48 d early
2021
24 d early
2020
30 d early
2019
22 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
€322k▲ 3.7%
2024 · €311k
2018: €105klowest in 8 years
2019: €130k▲ +24.1% vs 2018
2020: €138k▲ +6.3% vs 2019
2021: €162k▲ +17.3% vs 2020
2022: €178k▲ +10.0% vs 2021
2023: €239k▲ +34.0% vs 2022
2024: €311k▲ +30.2% vs 2023
2025: €322k▲ +3.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€338k▼ 2.6%
2024 · €347k
2018: €125klowest in 8 years
2019: €141k▲ +12.4% vs 2018
2020: €143k▲ +1.5% vs 2019
2021: €167k▲ +17.2% vs 2020
2022: €186k▲ +10.9% vs 2021
2023: €263k▲ +41.5% vs 2022
2024: €347k▲ +32.0% vs 2023highest in 8 years
2025: €338k▼ -2.6% vs 2024
2018 → 2025
Net result
€36k▼ 55.7%
2024 · €82k
2018: €13klowest in 8 years
2019: €25k▲ +101% vs 2018
2020: €15k▼ -40.8% vs 2019
2021: €42k▲ +180% vs 2020
2022: €21k▼ -48.9% vs 2021
2023: €73k▲ +239% vs 2022
2024: €82k▲ +13.0% vs 2023highest in 8 years
2025: €36k▼ -55.7% vs 2024
2018 → 2025
Working capital
€320k▲ 4.6%
2024 · €306k
2018: €74klowest in 8 years
2019: €106k▲ +42.9% vs 2018
2020: €121k▲ +13.9% vs 2019
2021: €151k▲ +24.7% vs 2020
2022: €173k▲ +14.7% vs 2021
2023: €235k▲ +35.9% vs 2022
2024: €306k▲ +30.0% vs 2023
2025: €320k▲ +4.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€162k-€178k▲ 10.0%€239k▲ 34.0%€311k▲ 30.2%€322k▲ 3.7%
2021: €162klowest in 5 years
2022: €178k▲ +10.0% vs 2021
2023: €239k▲ +34.0% vs 2022
2024: €311k▲ +30.2% vs 2023
2025: €322k▲ +3.7% vs 2024highest in 5 years
Operating result€62k-€32k▼ 48.6%€108k▲ 239%€125k▲ 16.4%€50k▼ 60.2%
2021: €62k
2022: €32k▼ -48.6% vs 2021lowest in 5 years
2023: €108k▲ +239% vs 2022
2024: €125k▲ +16.4% vs 2023highest in 5 years
2025: €50k▼ -60.2% vs 2024
Net result€42k-€21k▼ 48.9%€73k▲ 239%€82k▲ 13.0%€36k▼ 55.7%
2021: €42k
2022: €21k▼ -48.9% vs 2021lowest in 5 years
2023: €73k▲ +239% vs 2022
2024: €82k▲ +13.0% vs 2023highest in 5 years
2025: €36k▼ -55.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338k
Fixed assets
€3k ▼ 51.3%
Current assets
€335k ▼ 1.8%
Equity and liabilities €338k
Equity
€322k ▲ 3.7%
Debt
€15k ▼ 56.8%
Debt's share of the balance-sheet total falls from 10.3% to 4.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▼
2024 · €128k
Cash flow
€39k▼
2024 · €84k
Current ratio
21.75▲
2024 · 9.56
Quick ratio
21.60▲
2024 · 9.51
Debt to equity
0.05▼
2024 · 0.11
ROE
11.3%▼
2024 · 26.4%
ROA
10.8%▼
2024 · 23.7%
Interest coverage
83.14▲
2024 · 28.01
Debt ≤ 1 year
€15k▼
2024 · €36k
Income taxes
€17k▼
2024 · €39k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€347k€338k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€1k-
Current assets29/58€341k€335k▼
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€16k€29k▲
Trade receivables40€13k€27k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€323k€303k▼
Deferred charges and accrued income490/1€584€585=
Equity and liabilities
Total equity and liabilities10/49€347k€338k▼
Equity10/15€311k€322k▲
Contributions10/11€12k€12k=
Reserves13€257k€268k▲
Distributable reserves133€257k€268k▲
Profit (loss) carried forward14€42k€43k▲
Amounts payable17/49€36k€15k▼
Amounts payable within one year42/48€36k€15k▼
Trade debts44€9k€2k▼
Suppliers440/4€9k€2k▼
Taxes, remuneration and social security45€24k€9k▼
Taxes450/3€24k€9k▼
Other amounts payable47/48€3k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€913€932▲
Gross operating margin9900€128k€54k▼
Operating profit (loss)9901€125k€50k▼
Financial income75/76B€198€4k▲
Recurring financial income75€198€4k▲
Financial charges65/66B€5k€634▼
Recurring financial charges65€5k€634▼
Profit (loss) for the period before taxes9903€121k€54k▼
Income taxes67/77€39k€17k▼
Profit (loss) for the period9904€82k€36k▼
Profit (loss) for the period to be appropriated9905€82k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€124k€79k▼
Profit (loss) brought forward from the previous period14P€42k€42k▲
Transfer from equity791/2€10k€25k▲
Transfer to equity691/2€82k€36k▼
To other reserves6921€82k€36k▼
Profit to be distributed694/7€10k€25k▲
Return on contributions (dividend)694€10k€25k▲
The notes to these accounts (4 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 | €6k | €6k | €2k | €2k | €3k | ▲ 23.0% |
| Other operating charges640/8 | €862 | €1k | €1k | €913 | €932 | ▲ 2.1% |
| Gross operating margin9900 | €69k | €39k | €110k | €128k | €54k | ▼ 58.3% |
| Operating profit (loss)9901 | €62k | €32k | €108k | €125k | €50k | ▼ 60.2% |
| Financial income75/76B | €719 | €110 | €99 | €198 | €4k | ▲ 2,082% |
| Recurring financial income75 | €719 | €110 | €99 | €198 | €4k | ▲ 2,082% |
| Financial charges65/66B | €766 | €166 | €157 | €5k | €634 | ▼ 86.1% |
| Recurring financial charges65 | €766 | €166 | €157 | €5k | €634 | ▼ 86.1% |
| Profit (loss) for the period before taxes9903 | €62k | €32k | €108k | €121k | €54k | ▼ 55.7% |
| Income taxes67/77 | €20k | €10k | €35k | €39k | €17k | ▼ 55.7% |
| Profit (loss) for the period9904 | €42k | €21k | €73k | €82k | €36k | ▼ 55.7% |
| Profit (loss) for the period to be appropriated9905 | €42k | €21k | €73k | €82k | €36k | ▼ 55.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167k | €186k | €263k | €347k | €338k | ▼ 2.6% |
| Fixed assets21/28 | €11k | €5k | €4k | €5k | €3k | ▼ 51.3% |
| Tangible fixed assets22/27 | €11k | €5k | €4k | €5k | €3k | ▼ 51.3% |
| Furniture and vehicles24 | €7k | €2k | €2k | €4k | €3k | ▼ 39.0% |
| Other tangible fixed assets26 | €4k | €3k | €2k | €1k | - | - |
| Current assets29/58 | €156k | €180k | €259k | €341k | €335k | ▼ 1.8% |
| Stocks and contracts in progress3 | €3k | €3k | €2k | €2k | €2k | ▲ 31.3% |
| Stocks30/36 | €3k | €3k | €2k | €2k | €2k | ▲ 31.3% |
| Amounts receivable within one year40/41 | €10k | €9k | €18k | €16k | €29k | ▲ 83.8% |
| Trade receivables40 | €930 | €4k | €16k | €13k | €27k | ▲ 107% |
| Other amounts receivable41 | €9k | €5k | €2k | €3k | €2k | ▼ 27.2% |
| Cash at bank and in hand54/58 | €143k | €168k | €238k | €323k | €303k | ▼ 6.2% |
| Deferred charges and accrued income490/1 | €694 | €542 | €557 | €584 | €585 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167k | €186k | €263k | €347k | €338k | ▼ 2.6% |
| Equity10/15 | €162k | €178k | €239k | €311k | €322k | ▲ 3.7% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €108k | €124k | €185k | €257k | €268k | ▲ 4.4% |
| Distributable reserves133 | €108k | €124k | €185k | €257k | €268k | ▲ 4.4% |
| Profit (loss) carried forward14 | €42k | €42k | €42k | €42k | €43k | ▲ 0.1% |
| Amounts payable17/49 | €5k | €7k | €24k | €36k | €15k | ▼ 56.8% |
| Amounts payable within one year42/48 | €5k | €7k | €24k | €36k | €15k | ▼ 56.8% |
| Trade debts44 | €3k | €4k | €6k | €9k | €2k | ▼ 73.0% |
| Suppliers440/4 | €3k | €4k | €6k | €9k | €2k | ▼ 73.0% |
| Taxes, remuneration and social security45 | €2k | €3k | €16k | €24k | €9k | ▼ 62.8% |
| Taxes450/3 | €2k | €3k | €16k | €24k | €9k | ▼ 62.8% |
| Other amounts payable47/48 | €170 | €20 | €2k | €3k | €4k | ▲ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €21k | €73k | €82k | €36k | ▼ 55.7% |
| + Depreciation and write-downs630 | €6k | €6k | €2k | €2k | €3k | ▲ 23.0% |
| Operating cash flow (approximation) | €48k | €27k | €74k | €84k | €39k | ▼ 53.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | €0 | ▲ 100% |
| Change in cash | - | €25k | €70k | €85k | €-20k | ▼ 124% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 21.75
Current ratio from 9.56 to 21.75; short-term debt falls from €36k to €15k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €82k ▲13%
Operating result €125k, net result €82k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €239k ▲34%
6 profitable years in a row build equity to €239k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €162k ▲17.3%
4 profitable years in a row build equity to €162k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 27.46
Current ratio from 10.95 to 27.46; short-term debt falls from €11k to €5k.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 10.95
Current ratio from 4.63 to 10.95; short-term debt falls from €20k to €11k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Oudenburg · 1 establishment unit since 1991
Ground area
1,111 m²
Building footprint
174 m²
Volume, LiDAR
864 m³
Parcel 35004C0353/00G002, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WITTESAELE CVBA
since 19912.051.917.511
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35004C0353/00G002 | Flanders | 1,111 m² | 1 · 174 m² | 9.3 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesWITTESAELE BV43491
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Of 4,418 companies in sector 46180 we hold annual accounts for 1,885. 1,284 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
Founded17-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.