WLH
ActiveSummary
WLH has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €606,484. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+6
Solvency98▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 3.96 against 5.39 in 2024; short-term debt: 23.7% and cash: 29.7% of total assets), and 26.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
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 · 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
73.1%
Return on assets
16.6%
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
92 d late
2023
110 d late
2022
113 d late
2021
61 d late
2020
88 d late
2019
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 31 October (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Tessenderlo-Ham, Construction sector#8 company by equity in Tessenderlo-Ham, Construction sector
Equity
€2.7m▲ 17.4%
2024 · €2.3m
Total assets
€3.7m▲ 26.1%
2024 · €2.9m
Net result
€606,484▲ 87.5%
2024 · €323,527
Working capital
€2.6m▲ 18.9%
2024 · €2.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€544,010▲ 26.9%€385,824▼ 29.1%€384,491▼ 0.3%€493,718▲ 28.4%€923,502▲ 87.1%
Net result€372,916above the sector's middle half▲ 33.2%€210,638above the sector's middle half▼ 43.5%€288,679above the sector's middle half▲ 37.0%€323,527above the sector's middle half▲ 12.1%€606,484above the sector's middle half▲ 87.5%
Equity€2.2mabove the sector's middle half▲ 19.9%€2.5mabove the sector's middle half▲ 9.4%€2.0mabove the sector's middle half▼ 20.4%€2.3mabove the sector's middle half▲ 16.6%€2.7mabove the sector's middle half▲ 17.4%
Total assets€3.1mabove the sector's middle half▼ 5.3%€3.2mabove the sector's middle half▲ 4.2%€2.6mabove the sector's middle half▼ 19.0%€2.9mabove the sector's middle half▲ 12.2%€3.7mabove the sector's middle half▲ 26.1%
Debt€811,438▼ 40.1%€732,186▼ 9.8%€628,542▼ 14.2%€621,738▼ 1.1%€951,027▲ 53.0%
Working capital€2.1mabove the sector's middle half▲ 23.0%€2.3mabove the sector's middle half▲ 10.6%€1.8mabove the sector's middle half▼ 19.5%€2.2mabove the sector's middle half▲ 17.7%€2.6mabove the sector's middle half▲ 18.9%
Solvency73.3%above the sector's middle half▲ 15.4pp76.9%above the sector's middle half▲ 3.6pp75.6%above the sector's middle half▼ 1.3pp78.6%above the sector's middle half▲ 2.9pp73.1%above the sector's middle half▼ 5.4pp
Current ratio3.61above the sector's middle half▲ 1.334.46above the sector's middle half▲ 0.844.38above the sector's middle half▼ 0.085.39above the sector's middle half▲ 1.013.96above the sector's middle half▼ 1.43
Return on assets (ROA)12.2%within the sector's middle half▲ 3.5pp6.6%within the sector's middle half▼ 5.6pp11.2%within the sector's middle half▲ 4.6pp11.2%within the sector's middle half=16.6%above the sector's middle half▲ 5.4pp
Staff (FTE)9.8within the sector's middle half▼ 9.3%9.7within the sector's middle half▼ 1.0%9.4within the sector's middle half▼ 3.1%8within the sector's middle half▼ 14.9%9.3above the sector's middle half▲ 16.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 87% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€218,977 ▼ 11.4%
Current assets
€3.4m ▲ 29.6%
Equity and liabilities €3.7m
Equity
€2.7m ▲ 17.4%
Provisions
€30,403
Debt
€951,027 ▲ 53.0%
Debt's share of the balance-sheet total rises from 21.4% to 26.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €565,947
Cash flow
€685,012▲
2024 · €395,756
Quick ratio
3.66▼
2024 · 4.88
Debt to equity
0.36▲
2024 · 0.27
ROE
22.7%▲
2024 · 14.2%
Interest coverage
121.45▲
2024 · 75.00
Debt ≤ 1 year
€867,143▲
2024 · €492,238
Debt > 1 year
€83,884▼
2024 · €129,500
Income taxes
€317,394▲
2024 · €165,043
Staff costs
€595,294▲
2024 · €490,913
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 31,371 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,559 | €17,769 | €10,000 | €35,500 | - | - |
| Remuneration, social security and pensions62 | €555,011 | €519,513 | €580,612 | €490,913 | €595,294 | ▲ 21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,098 | €85,656 | €93,738 | €72,229 | €78,529 | ▲ 8.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €30,403 | - |
| Other operating charges640/8 | €10,057 | €10,517 | €12,025 | €11,442 | €12,372 | ▲ 8.1% |
| Non-recurring operating charges66A | - | €263 | - | - | €858 | - |
| Gross operating margin9900 | €1.2m | €1.0m | €1.1m | €1.1m | €1.6m | ▲ 53.6% |
| Operating profit (loss)9901 | €544,010 | €385,824 | €384,491 | €493,718 | €923,502 | ▲ 87.1% |
| Financial income75/76B | €25,278 | €664 | €913 | €845 | €8,626 | ▲ 921% |
| Recurring financial income75 | €25,278 | €664 | €913 | €845 | €8,626 | ▲ 921% |
| Financial charges65/66B | €5,690 | €52,280 | -€38,228 | €7,546 | €8,251 | ▲ 9.3% |
| Recurring financial charges65 | €5,690 | €52,280 | -€38,228 | €7,546 | €8,251 | ▲ 9.3% |
| Profit (loss) for the period before taxes9903 | €563,598 | €334,208 | €423,633 | €487,017 | €923,878 | ▲ 89.7% |
| Transfer from deferred taxes780 | €2,744 | €2,744 | €2,744 | €1,553 | - | - |
| Income taxes67/77 | €193,425 | €126,314 | €137,698 | €165,043 | €317,394 | ▲ 92.3% |
| Profit (loss) for the period9904 | €372,916 | €210,638 | €288,679 | €323,527 | €606,484 | ▲ 87.5% |
| Transfer from tax-exempt reserves789 | €10,976 | €10,976 | €10,976 | €6,212 | - | - |
| Profit (loss) for the period to be appropriated9905 | €383,892 | €221,613 | €299,655 | €329,739 | €606,484 | ▲ 83.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.2m | €2.6m | €2.9m | €3.7m | ▲ 26.1% |
| Fixed assets21/28 | €214,416 | €253,115 | €206,595 | €247,220 | €218,977 | ▼ 11.4% |
| Intangible fixed assets21 | €14,834 | €9,842 | €4,850 | €2,076 | - | - |
| Tangible fixed assets22/27 | €188,293 | €231,690 | €190,823 | €234,221 | €208,055 | ▼ 11.2% |
| Land and buildings22 | €93,983 | €64,530 | €35,078 | €15,970 | €7,315 | ▼ 54.2% |
| Plant, machinery and equipment23 | €430 | - | - | €3,291 | €3,766 | ▲ 14.4% |
| Furniture and vehicles24 | €93,880 | €167,159 | €155,746 | €214,960 | €196,974 | ▼ 8.4% |
| Financial fixed assets28 | €11,288 | €11,583 | €10,922 | €10,922 | €10,922 | = |
| Current assets29/58 | €2.8m | €2.9m | €2.4m | €2.7m | €3.4m | ▲ 29.6% |
| Stocks and contracts in progress3 | €191,088 | €376,013 | €273,979 | €250,431 | €263,172 | ▲ 5.1% |
| Stocks30/36 | €191,088 | €216,136 | €273,979 | €250,431 | €263,172 | ▲ 5.1% |
| Contracts in progress37 | - | €159,877 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.2m | €1.2m | €1.1m | €985,873 | €1.4m | ▲ 38.0% |
| Trade receivables40 | €1.1m | €1.2m | €1.1m | €882,316 | €1.3m | ▲ 48.7% |
| Other amounts receivable41 | €41,496 | €47,101 | €27,991 | €103,556 | €48,686 | ▼ 53.0% |
| Current investments50/53 | €810,000 | €881,724 | €459,845 | €579,845 | €699,845 | ▲ 20.7% |
| Cash at bank and in hand54/58 | €654,654 | €426,688 | €498,754 | €807,205 | €1.1m | ▲ 34.5% |
| Deferred charges and accrued income490/1 | €27,538 | €24,530 | €24,084 | €28,629 | €26,425 | ▼ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.2m | €2.6m | €2.9m | €3.7m | ▲ 26.1% |
| Equity10/15 | €2.2m | €2.5m | €2.0m | €2.3m | €2.7m | ▲ 17.4% |
| Contributions10/11 | €815,155 | €815,155 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €1.4m | €1.6m | €1.9m | €2.3m | €2.6m | ▲ 17.6% |
| Non-distributable reserves130/1 | €41,539 | €41,539 | €7,660 | €7,660 | €7,660 | = |
| Reserves not available under the articles1311 | €33,879 | €33,879 | - | - | - | - |
| Other1319 | €7,660 | €7,660 | €7,660 | €7,660 | €7,660 | = |
| Tax-exempt reserves132 | €82,544 | €71,568 | €60,592 | €54,380 | €54,380 | = |
| Distributable reserves133 | €1.3m | €1.5m | €1.9m | €2.2m | €2.6m | ▲ 18.1% |
| Provisions and deferred taxes16 | €7,041 | €4,297 | €1,553 | - | €30,403 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €30,403 | - |
| Other liabilities and charges164/5 | - | - | - | - | €30,403 | - |
| Deferred taxes168 | €7,041 | €4,297 | €1,553 | - | - | - |
| Amounts payable17/49 | €811,438 | €732,186 | €628,542 | €621,738 | €951,027 | ▲ 53.0% |
| Amounts payable after more than one year17 | €23,196 | €72,984 | €85,549 | €129,500 | €83,884 | ▼ 35.2% |
| Financial debts170/4 | €23,196 | €72,984 | €85,549 | €129,500 | €83,884 | ▼ 35.2% |
| Amounts payable within one year42/48 | €788,242 | €659,201 | €542,572 | €492,238 | €867,143 | ▲ 76.2% |
| Current portion of amounts payable after more than one year42 | €27,649 | €33,903 | €65,919 | €44,187 | €45,616 | ▲ 3.2% |
| Financial debts43 | €23,323 | - | - | - | - | - |
| Credit institutions430/8 | €23,323 | - | - | - | - | - |
| Trade debts44 | €355,631 | €247,234 | €139,853 | €169,252 | €225,153 | ▲ 33.0% |
| Suppliers440/4 | €355,631 | €247,234 | €139,853 | €169,252 | €225,153 | ▲ 33.0% |
| Advances received on contracts in progress46 | - | - | - | - | €22,891 | - |
| Taxes, remuneration and social security45 | €376,969 | €377,885 | €249,294 | €278,189 | €545,304 | ▲ 96.0% |
| Taxes450/3 | €342,219 | €326,122 | €203,842 | €238,910 | €487,475 | ▲ 104% |
| Remuneration and social security454/9 | €34,749 | €51,763 | €45,452 | €39,279 | €57,829 | ▲ 47.2% |
| Other amounts payable47/48 | €4,670 | €179 | €87,507 | €611 | €28,179 | ▲ 4,514% |
| Accrued charges and deferred income492/3 | - | - | €421 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €372,916 | €210,638 | €288,679 | €323,527 | €606,484 | ▲ 87.5% |
| + Depreciation and write-downs630 | €83,098 | €85,656 | €93,738 | €72,229 | €78,529 | ▲ 8.7% |
| Operating cash flow (approximation) | €456,014 | €296,293 | €382,416 | €395,756 | €685,012 | ▲ 73.1% |
| Investment in fixed assets (approximation) | - | -€124,355 | -€47,218 | -€112,854 | -€50,286 | ▲ 55.4% |
| Change in cash | - | -€227,966 | €72,066 | €308,451 | €278,694 | ▼ 9.6% |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €606,484 ▲87.5%
Operating result €923,502, net result €606,484, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
31-12
Financial
Equity above €2mEq €2.3m ▲16.6%
7 profitable years in a row build equity to €2.3m.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 110 days late
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 113 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Equity above €2mEq €2.2m ▲19.9%
4 profitable years in a row build equity to €2.2m.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
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, Tessenderlo-Ham · 1 establishment unit since 1973
Ground area
3,736 m²
Building footprint
1,083 m²
Volume, LiDAR
6,778 m³
Parcel 71363C0296/00X000, Flanders · tallest building 20.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WLH
since 19732.038.463.512
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C0296/00X000 | Flanders | 3,736 m² | 1 · 1,083 m² | 20.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,196 EUR awarded · 5,649 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 639 EUR | 390 EUR |
| 2024 | 1 | 720 EUR | 720 EUR |
| 2023 | 1 | 824 EUR | 2,526 EUR |
| 2022 | 1 | 2,013 EUR | 2,013 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriesWLH BV46241
Dual-learning approval
2 endedSanitaire en verwarmingsinstallaties duaal (so)
Vakman installatietechnieken (vwo)
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 1,670 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
Founded28-03-1973
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0413121218
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.