WITTEXCO
ActiveSummary
WITTEXCO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188k and a net result of €12k. Equity is growing by ~7.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 29.61 against 9.14 in 2024; short-term debt: 2.2% and cash: 2.2% of total assets), and 2.2% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
53 d late
2024
28 d late
2023
2 d late
2022
10 d late
2021
50 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▼ 7.2%
2024 · €13k
2018: €9k
2019: €8k▼ -8.9% vs 2018lowest in 8 years
2020: €8k▲ +5.8% vs 2019
2021: €8k● +0.0% vs 2020
2022: €11k▲ +31.4% vs 2021
2023: €14k▲ +34.3% vs 2022highest in 8 years
2024: €13k▼ -12.5% vs 2023
2025: €12k▼ -7.2% vs 2024
2018 → 2025
Working capital
€122k▲ 7.9%
2024 · €113k
2018: €51klowest in 8 years
2019: €59k▲ +15.2% vs 2018
2020: €67k▲ +14.0% vs 2019
2021: €80k▲ +19.5% vs 2020
2022: €86k▲ +7.5% vs 2021
2023: €100k▲ +16.9% vs 2022
2024: €113k▲ +13.0% vs 2023
2025: €122k▲ +7.9% 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€138k-€149k▲ 7.8%€164k▲ 9.7%€176k▲ 7.7%€188k▲ 6.7%
2021: €138klowest in 5 years
2022: €149k▲ +7.8% vs 2021
2023: €164k▲ +9.7% vs 2022
2024: €176k▲ +7.7% vs 2023
2025: €188k▲ +6.7% vs 2024highest in 5 years
Operating result€11k-€15k▲ 31.4%€20k▲ 34.3%€17k▼ 11.6%€16k▼ 7.9%
2021: €11klowest in 5 years
2022: €15k▲ +31.4% vs 2021
2023: €20k▲ +34.3% vs 2022highest in 5 years
2024: €17k▼ -11.6% vs 2023
2025: €16k▼ -7.9% vs 2024
Net result€8k-€11k▲ 31.4%€14k▲ 34.3%€13k▼ 12.5%€12k▼ 7.2%
2021: €8klowest in 5 years
2022: €11k▲ +31.4% vs 2021
2023: €14k▲ +34.3% vs 2022highest in 5 years
2024: €13k▼ -12.5% vs 2023
2025: €12k▼ -7.2% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192k
Fixed assets
€66k ▲ 3.9%
Current assets
€127k ▼ 0.6%
Equity and liabilities €192k
Equity
€188k ▲ 6.7%
Debt
€4k ▼ 70.2%
Debt's share of the balance-sheet total falls from 7.5% to 2.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
29.61▲
2024 · 9.14
Debt to equity
0.02▼
2024 · 0.08
ROE
6.2%▼
2024 · 7.2%
ROA
6.1%▼
2024 · 6.6%
Debt ≤ 1 year
€4k▼
2024 · €14k
Income taxes
€4k▼
2024 · €5k
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€191k€192k▲
Fixed assets21/28€63k€66k▲
Tangible fixed assets22/27€63k€63k=
Land and buildings22€63k€63k=
Financial fixed assets28-€2k
Current assets29/58€127k€127k▼
Amounts receivable within one year40/41€46k€122k▲
Trade receivables40-€45k
Other amounts receivable41€46k€77k▲
Cash at bank and in hand54/58€81k€4k▼
Equity and liabilities
Total equity and liabilities10/49€191k€192k▲
Equity10/15€176k€188k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€108k€120k▲
Amounts payable17/49€14k€4k▼
Amounts payable within one year42/48€14k€4k▼
Taxes, remuneration and social security45€10k€4k▼
Taxes450/3€10k€4k▼
Other amounts payable47/48€4k-
Accrued charges and deferred income492/3€387-
Income statement
Code20242025
Other operating charges640/8€6k€6k▲
Gross operating margin9900€23k€22k▼
Operating profit (loss)9901€17k€16k▼
Financial charges65/66B€44€45▲
Recurring financial charges65€44€45▲
Profit (loss) for the period before taxes9903€17k€16k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€13k€12k▼
Profit (loss) for the period to be appropriated9905€13k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€108k€120k▲
Profit (loss) brought forward from the previous period14P€96k€108k▲
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €5k | €5k | €73 | €6k | €6k | ▲ 6.9% |
| Gross operating margin9900 | €16k | €20k | €20k | €23k | €22k | ▼ 4.3% |
| Operating profit (loss)9901 | €11k | €15k | €20k | €17k | €16k | ▼ 7.9% |
| Financial charges65/66B | - | - | - | €44 | €45 | ▲ 3.4% |
| Recurring financial charges65 | - | - | - | €44 | €45 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €11k | €15k | €20k | €17k | €16k | ▼ 8.0% |
| Income taxes67/77 | €3k | €4k | €5k | €5k | €4k | ▼ 9.9% |
| Profit (loss) for the period9904 | €8k | €11k | €14k | €13k | €12k | ▼ 7.2% |
| Profit (loss) for the period to be appropriated9905 | €8k | €11k | €14k | €13k | €12k | ▼ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149k | €161k | €178k | €191k | €192k | ▲ 0.9% |
| Fixed assets21/28 | €63k | €63k | €63k | €63k | €66k | ▲ 3.9% |
| Tangible fixed assets22/27 | €63k | €63k | €63k | €63k | €63k | = |
| Land and buildings22 | €63k | €63k | €63k | €63k | €63k | = |
| Financial fixed assets28 | - | - | - | - | €2k | - |
| Current assets29/58 | €86k | €98k | €114k | €127k | €127k | ▼ 0.6% |
| Amounts receivable within one year40/41 | €86k | €98k | €114k | €46k | €122k | ▲ 164% |
| Trade receivables40 | - | - | - | - | €45k | - |
| Other amounts receivable41 | €86k | €98k | €114k | €46k | €77k | ▲ 66.8% |
| Cash at bank and in hand54/58 | - | - | - | €81k | €4k | ▼ 94.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149k | €161k | €178k | €191k | €192k | ▲ 0.9% |
| Equity10/15 | €138k | €149k | €164k | €176k | €188k | ▲ 6.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €70k | €81k | €96k | €108k | €120k | ▲ 10.9% |
| Amounts payable17/49 | €11k | €12k | €14k | €14k | €4k | ▼ 70.2% |
| Amounts payable within one year42/48 | €6k | €12k | €14k | €14k | €4k | ▼ 69.3% |
| Taxes, remuneration and social security45 | €6k | €7k | €9k | €10k | €4k | ▼ 57.3% |
| Taxes450/3 | €6k | €7k | €9k | €10k | €4k | ▼ 57.3% |
| Other amounts payable47/48 | - | €5k | €5k | €4k | - | - |
| Accrued charges and deferred income492/3 | €5k | - | - | €387 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €11k | €14k | €13k | €12k | ▼ 7.2% |
| Operating cash flow (approximation) | €8k | €11k | €14k | €13k | €12k | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-2k | - |
| Change in cash | - | - | - | - | €-77k | - |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 53 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 29.61
Current ratio from 9.14 to 29.61; short-term debt falls from €14k to €4k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-12
Financial
Highest result since 2018net €14k ▲34.3%
Operating result €20k, net result €14k, both a record.
31-12
Financial
Equity above €150kEq €164k ▲9.7%
6 profitable years in a row build equity to €164k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
11-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 14.38
Current ratio from 6.85 to 14.38; short-term debt falls from €11k to €6k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €8k ▼8.9%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Merchtem · 1 establishment unit since 1989
Ground area
3,722 m²
Building footprint
334 m²
Volume, LiDAR
1,781 m³
Parcel 23012H0033/00V000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
WITTEXCO
since 19892.042.730.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012H0033/00V000 | Flanders | 3,722 m² | 1 · 334 m² | 9.5 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.
Identification & contact
Identification
Legal formPublic limited company
Founded03-03-1989
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.