WITTH
ActiveSummary
WITTH has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€19,600) and a net result of -€3,916. Equity is shrinking by about 21% per year across the filed financial years. Its solvency ranks better than 5% of 2,795 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- -€19,600
- Loss
- -€3,916
Why 53raises riskCapped at 59: negative equityLoss of €3,916, the second in a row (financial year 2025)Negative equity -€19,600lowers riskSize: total assets €3,190Sector: Office administrative, office support and other business support activities (NACE 82)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 82, micro): better than 5% on solvency, 15% on liquidity, 5% on profitability and 19% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 1 day before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€3,916
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €3,833 in 2025 against €1,827 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.4% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70 | €70 | €70 | €0 | - | - | €80 | €340 | ▲ 326% |
| Gross operating margin9900 | €690 | €23 | -€1,821 | -€1,705 | -€1,562 | -€2,815 | -€1,747 | -€3,493 | ▼ 100.0% |
| Operating profit (loss)9901 | €273 | -€395 | -€1,892 | -€1,705 | -€1,562 | -€2,815 | -€1,827 | -€3,833 | ▼ 110% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | €1 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €76 | €122 | €79 | €86 | €83 | ▼ 4.1% |
| Recurring financial charges65 | €138 | €84 | €119 | €76 | €122 | €79 | €86 | €83 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €134 | -€479 | -€2,010 | -€1,781 | -€1,684 | -€2,894 | -€1,913 | -€3,916 | ▼ 105% |
| Income taxes67/77 | €0 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €134 | -€479 | -€2,010 | -€1,781 | -€1,684 | -€2,894 | -€1,913 | -€3,916 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | €134 | -€479 | -€2,010 | -€1,781 | -€1,684 | -€2,894 | -€1,913 | -€3,916 | ▼ 105% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1,325 | €286 | €587 | €413 | €230 | €107 | €3,938 | €3,190 | ▼ 19.0% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €140 | €70 | €0 | - | - | - | €1,619 | €1,279 | ▼ 21.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €140 | €70 | €0 | - | - | - | €1,619 | €1,279 | ▼ 21.0% |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,619 | €1,279 | ▼ 21.0% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €1,185 | €216 | €587 | €413 | €230 | €107 | €2,319 | €1,911 | ▼ 17.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1,026 | €0 | €571 | €10 | €35 | €12 | €0 | €1,000 | - |
| Trade receivables40 | - | - | - | €10 | €35 | €12 | €0 | €1,000 | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €159 | €216 | €16 | €403 | €194 | €95 | €7 | €679 | ▲ 96× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €2,312 | €232 | ▼ 90.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1,325 | €286 | €587 | €413 | €230 | €107 | €3,938 | €3,190 | ▼ 19.0% |
| Equity10/15 | -€4,925 | -€5,404 | -€7,414 | -€9,194 | -€10,878 | -€13,772 | -€15,685 | -€19,600 | ▼ 25.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Non-distributable reserves130/1 | - | - | - | €500 | €500 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €500 | €500 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €3,000 | €3,000 | €3,500 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | -€14,625 | -€15,104 | -€17,114 | -€18,894 | -€20,578 | -€23,472 | -€25,385 | -€29,300 | ▼ 15.4% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €6,251 | €5,690 | €8,001 | €9,608 | €11,108 | €13,879 | €19,623 | €22,790 | ▲ 16.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €6,251 | €5,690 | €8,001 | €9,608 | €11,108 | €13,879 | €19,623 | €22,790 | ▲ 16.1% |
| Trade debts44 | €477 | €572 | €0 | - | - | - | - | €2,284 | - |
| Suppliers440/4 | - | - | - | - | - | - | - | €2,284 | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €295 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | - | - | - | €295 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €9,608 | €11,108 | €13,879 | €19,328 | €20,507 | ▲ 6.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134 | -€479 | -€2,010 | -€1,781 | -€1,684 | -€2,894 | -€1,913 | -€3,916 | ▼ 105% |
| + Depreciation and write-downs630 | €70 | €70 | €70 | €0 | - | - | €80 | €340 | ▲ 326% |
| Operating cash flow (approximation) | €204 | -€408 | -€1,940 | -€1,781 | -€1,684 | -€2,894 | -€1,833 | -€3,576 | ▼ 95.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - | €0 | - |
| Change in cash | - | €57 | -€199 | €387 | -€209 | -€100 | -€87 | €672 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00380054 |
| 31-12-2024 | abbreviated format | 30-09-2025 | 2025-00522869 |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00321627 |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00174391 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20115477 |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-27400553 |
| 31-12-2019 | abbreviated format | 26-08-2020 | 2020-45300349 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59400032 |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-58300026 |
| 31-12-2016 | abbreviated format | 29-09-2017 | 2017-65300327 |
Similar companies · same sector and region
Subsidies and aid
Flemish government
2024 · 1 entry · €669 awarded · €669 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HESELMANS Werner Frans Louis |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-08
Gazette deed
Resignation: HESELMANS Werner Frans Louis (director)Appointment: HESELMANS Werner Frans Louis (director) · Capital conversion · Reserve release10 facts ▸
- General meeting, 22-08-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, Eerste besluit” (deed in Dutch)
- Capital conversion, “van rechtswege, Tweede besluit vaststelling” (deed in Dutch)
- Reserve release, “middelen beschikbaar voor uitkering in de toekomst, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, HESELMANS Werner Frans Louis (director)
- Director discharge, HESELMANS Werner Frans Louis
- Director appointment, HESELMANS Werner Frans Louis (director (not named in the articles))
- Registered office clause, “3210 Linden,Kerkenbosstraat 1” (deed in Dutch)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24063B0042/00A002 | Flanders | 864 m² | 1 · 148 m² | 13.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Groot-en kleinhandel in,import en export van tussenhandelaar-commissionair van,ambulante handel in,vertegenwoordiging van,concessionaris van…” (deed in Dutch)
22 activities (deed in Dutch)
- Groot-en kleinhandel in,import en export van tussenhandelaar-commissionair van,ambulante handel in,vertegenwoordiging van,concessionaris van in het algemeen:diverse roerende en onroerende goederen,materieel,materialen en benodigdheden,zonder beperking van aard of oorsprong,in het bijzonder met betrekking tot deze(verdere)omschrijving van het voorwerp
- Groot-en kleinhandel in,import en export van,tussenhandelaar--commissionair van,ambulante handel in,vertegenwoordiging van,concessionaris van in het bijzonder:alle goederen,materieel en inrichtingen m.b.t.milieu-en energievriendelijke en alternatieve energieoplossingen,zoals onder meer zonneënergie en windenergie;veiligheidscoördinator voor tijdelijke of mobiele bouwplaatsen
- Energiedeskundige
- Aan-en verkoop en tussenkomst in de handel,ondersteuning van energieoplossingen,zoals zonnepanelen,ramen,warmtepompen,enz
- Groot-en kleinhandel,import en export,handelsbemiddeling,commissionair in alle electronische en electrische apparaten,delen en benodigdheden,voor beroepsmatig,huishoudelijk en privé-gebruik;handelsbemiddeling in diverse goederen en diensten
- Hard-en software-toeleverancier voor bedrijven,overheden,instellingen,organisaties en privé-personen,zowel de groot-als kleinhandel,de import en de export en de vertegenwoordiging en handelsagentuur,inclusief commissionair
- Groot-en kleinhandel,import en export,handelsagentuur,commissionair in de algeheelheid van de bureelconfiguratie,inclusief kantoormeubelen en-inrichtingsmaterialen en-materieel
- Bureau voor advies,bijstand,en dossiervervollediging in verband met en handel in-desgevallend als tussenpersoon-de algeheelheid van electronica,computer(hard-en soft)-randapparatuur en programmatuur,multimedia,internet en bureelorganisatie en-ontwikkeling,inclusief alle aankopen en verkopen hieromtrent,inclusief import en export
- Bureau voor/van analyse,ontwerp,programmatie en exploitatie van websites,webapplicaties,computers en netwerken
- Software-bureau
- Licentiekantoor,verkrijgen,uitbaten of afstaan van alle octrooien,merken,licenties en intellectuele rechten
- Realisatie van totaalprojecten inzake beroepsmatige kantoor-en hard-en softwarematige omgevingen
- Computeradviesbureau,marktonderzoekbureau,public relationsbureau,het ontwerpen en voeren van reclame-en promotiecampagnes voor derden via de verschillende media,gegevensverwerking,databanken,onderhoud en reparatie van computers en van boekhoud-en overige kantoormachines en-programma's,overige activiteiten in verband met computers
- Het verlenen van bijstand,advies en leiding aan bedrijven,privé-personen en instellingen,voornamelijk doch niet uitsluitend op het vlak van bureau-organisatie,computerimplementatie,management,multi-media-implementatie,verkoop en marketing,productie en ontwikkeling,processing en het bij-en besturen van vennootschappen,dit alles in de meest ruime betekenis
- Management consulting
- Het geven van adviezen,het maken van studies,het voorbereiden en op gang brengen van organisatiesystemen,het in toepassing brengen van systemen voor gegevensverwerking en alle technieken in verband met het technische administratief economisch en algemeen beheer van ondernemingen
- Het geven van onderwijs,seminaries en voordrachten,het publiceren van artikels en boeken
- Het verlenen van adviezen en intellectuele en administratieve hulp,het ter beschikking stellen aan derden onder welke vorm ook van benodigdheden,materiaal,instrumenten,hard-en software,het uitvoeren van projecten,het dienstbetoon inzake organisatie en toepassing van de meest verschillende wetgevingen,het ter beschikking stellen van management,het uitoefenen van bedrijfsleiding en het organiseren ervan,alsook het waarnemen van het bestuur op alle niveau's zowel voor eigen rekening als voor rekening van of in deelneming met derden van handels),nijverheids-,en andere ondernemingen bestaande onder om het even welke vorm,en dit zonder enige beperking
- Advies-,consultancy en codrdinatiekantoor/bureau in verband met hiervoor en hierna opgenoemde doelstellingen
- De aan-en verkoop,de bevordering,de omvorming,het onderhoud,de gemeubelde en ongemeubelde verhuring en het beheer van alle gebouwde en ongebouwde onroerende goederen-inclusief contractuele en zakelijke rechten hieromtrent-,zonder op te treden als vermogensbeheerder voor rekening van derden,doch inbegrepen alle verhandelingen die ermede rechtstreeks of onrechtstreeks in verband staan en die van aard zijn de opbrengst van de goederen en materieel te bevorderen
- Het ter beschikking stellen tegen vergoeding of om niet van gebouwen,lokalen,goederen,materieel,rollend materieel,meubelen,meubileringsartikelen,computermaterieel,hard-en software,producten,informatica en communicatiemedia
- Het uitvoeren van roerende en onroerende operationele,financiële of andere leasing-en financieringsverrichtingen,zowel als leasinggever dan als leasingnemer
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- WITTH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking duur, 1” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid aantal, oorspronkelijke bekendmaking of bij betwisting deskundige” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “In geld, overblijvende aandelen eerst aan andere aandeelhouders die recht volledig uitoefenden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen” (deed in Dutch)