WITVOET
ActiveSummary
WITVOET has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135k and a net result of €31k. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▼-3
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 8.45 against 6.73 in 2023; short-term debt: 9.3% and cash: 65.5% of total assets), and 24.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
34 d early
2022
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€135k▲ 29.8%
2023 · €104k
Total assets
€177k▲ 14.4%
2023 · €155k
Net result
€31k▼ 0.5%
2023 · €31k
Working capital
€123k▲ 36.0%
2023 · €90k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€39k-€45k▲ 16.3%€46k▲ 1.0%
Net result€27k-€31k▲ 14.7%€31k▼ 0.5%
Equity€73k-€104k▲ 42.8%€135k▲ 29.8%
Total assets€83k-€155k▲ 86.8%€177k▲ 14.4%
Debt€10k-€51k▲ 396%€43k▼ 16.9%
Working capital€71k-€90k▲ 26.9%€123k▲ 36.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €177k
Fixed assets
€38k ▼ 22.5%
Current assets
€139k ▲ 31.3%
Equity and liabilities €177k
Equity
€135k ▲ 29.8%
Debt
€43k ▼ 16.9%
Debt's share of the balance-sheet total falls from 33.1% to 24.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2023 · €51k
Cash flow
€42k▲
2023 · €37k
Current ratio
8.45▲
2023 · 6.73
Debt to equity
0.32▼
2023 · 0.49
ROE
23.0%▼
2023 · 30.0%
ROA
17.4%▼
2023 · 20.0%
Interest coverage
29.98▼
2023 · 45.71
Debt ≤ 1 year
€17k▲
2023 · €16k
Debt > 1 year
€26k▼
2023 · €36k
Income taxes
€13k▼
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €683 | €6k | €11k | ▲ 90.7% |
| Other operating charges640/8 | €920 | €923 | €894 | ▼ 3.2% |
| Gross operating margin9900 | €41k | €52k | €58k | ▲ 10.9% |
| Operating profit (loss)9901 | €39k | €45k | €46k | ▲ 1.0% |
| Financial charges65/66B | €412 | €1k | €2k | ▲ 69.4% |
| Recurring financial charges65 | €412 | €1k | €2k | ▲ 69.4% |
| Profit (loss) for the period before taxes9903 | €38k | €44k | €44k | ▼ 0.8% |
| Income taxes67/77 | €11k | €13k | €13k | ▼ 1.4% |
| Profit (loss) for the period9904 | €27k | €31k | €31k | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €27k | €31k | €31k | ▼ 0.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €83k | €155k | €177k | ▲ 14.4% |
| Fixed assets21/28 | €1k | €49k | €38k | ▼ 22.5% |
| Tangible fixed assets22/27 | €1k | €49k | €38k | ▼ 22.5% |
| Plant, machinery and equipment23 | €415 | €33 | €0 | ▼ 100% |
| Furniture and vehicles24 | €954 | €49k | €38k | ▼ 22.4% |
| Current assets29/58 | €82k | €106k | €139k | ▲ 31.3% |
| Amounts receivable within one year40/41 | €30k | €36k | €22k | ▼ 37.4% |
| Trade receivables40 | €26k | €25k | €22k | ▼ 9.6% |
| Other amounts receivable41 | €4k | €11k | €87 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €51k | €70k | €116k | ▲ 67.0% |
| Deferred charges and accrued income490/1 | €242 | €872 | €909 | ▲ 4.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €83k | €155k | €177k | ▲ 14.4% |
| Equity10/15 | €73k | €104k | €135k | ▲ 29.8% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €71k | €102k | €133k | ▲ 30.4% |
| Non-distributable reserves130/1 | €200 | €0 | - | - |
| Reserves not available under the articles1311 | €200 | €0 | - | - |
| Distributable reserves133 | €70k | €102k | €133k | ▲ 30.4% |
| Amounts payable17/49 | €10k | €51k | €43k | ▼ 16.9% |
| Amounts payable after more than one year17 | - | €36k | €26k | ▼ 26.4% |
| Financial debts170/4 | - | €36k | €26k | ▼ 26.4% |
| Amounts payable within one year42/48 | €10k | €16k | €17k | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | ▲ 4.3% |
| Trade debts44 | €926 | €927 | €1k | ▲ 46.3% |
| Suppliers440/4 | €926 | €927 | €1k | ▲ 46.3% |
| Taxes, remuneration and social security45 | €6k | €5k | €3k | ▼ 38.5% |
| Taxes450/3 | €6k | €5k | €3k | ▼ 38.5% |
| Other amounts payable47/48 | €3k | €752 | €3k | ▲ 248% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €31k | €31k | ▼ 0.5% |
| + Depreciation and write-downs630 | €683 | €6k | €11k | ▲ 90.7% |
| Operating cash flow (approximation) | €28k | €37k | €42k | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | €-53k | €0 | ▲ 100% |
| Change in cash | - | €18k | €47k | ▲ 156% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €31k ▲14.7%
Net result €31k, the highest in the series.
31-12
Financial
Equity above €100kEq €104k ▲42.8%
2 profitable years in a row build equity to €104k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2017
Ground area
990 m²
Building footprint
160 m²
Volume, LiDAR
1,151 m³
Parcel 44038A0383/00S003, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WITVOET
since 20172.260.354.772
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0383/00S003 | Flanders | 990 m² | 1 · 160 m² | 12.0 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,800 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
Founded13-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.