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WM CONSTRUCTION

Active
Private limited companyfounded 20224 yrs activeMechelsesteenweg 151 A, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0785.806.205
Summary

The computed 12-month bankruptcy probability of WM CONSTRUCTION is 2.4% (moderate). The 2024 annual accounts show equity of €129,021 and a net result of €67,831. Its solvency ranks better than 83% of 36381 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+4
Solvency100▲+1
Growth78
Track record94
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.45 against 3.79 in 2023; short-term debt: 22.3% and cash: 0.5% of total assets), and 22.3% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2026, 309 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
309 d late
2023
40 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 175 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

WM CONSTRUCTION was incorporated on 6 May 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Turnover
€423,938
EBIT margin
16.6%
Net result
€67,831▲ 13.6%
2023 · €59,690
Working capital
€127,638▲ 113%
2023 · €59,991
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Turnover€423,938-
Operating result€70,563-€84,479▲ 19.7%
Net result€59,690above the sector's middle half-€67,831above the sector's middle half▲ 13.6%
EBIT margin16.6%-
Equity€61,190within the sector's middle half-€129,021within the sector's middle half▲ 111%
Total assets€82,675within the sector's middle half-€166,013within the sector's middle half▲ 101%
Debt€21,485-€36,992▲ 72.2%
Working capital€59,991within the sector's middle half-€127,638above the sector's middle half▲ 113%
Solvency74.0%above the sector's middle half-77.7%above the sector's middle half▲ 3.7pp
Current ratio3.79above the sector's middle half-4.45above the sector's middle half▲ 0.66
Return on assets (ROA)72.2%above the sector's middle half-40.9%above the sector's middle half▼ 31.3pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000Operating result 2023: €70,563€70,563Net result 2023: €59,690€59,690Operating result 2024: €84,479€84,479Net result 2024: €67,831€67,83120232024€0€25,000€50,000€75,000Operating result 2023: €70,563€70,600Net result 2023: €59,690€59,700Operating result 2024: €84,479€84,500Net result 2024: €67,831€67,80020232024
The operating result rises in 2024; 2024 is 20% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €166,013
Fixed assets €1,382 ▲ 15.3%
Current assets €164,631 ▲ 102%
Equity and liabilities €166,013
Equity €129,021 ▲ 111%
Debt €36,992 ▲ 72.2%
Debt's share of the balance-sheet total falls from 26.0% to 22.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€85,608▲
2023 · €70,914
Cash flow
€68,961▲
2023 · €60,041
Debt to equity
0.29▼
2023 · 0.35
ROE
52.6%▼
2023 · 97.5%
Interest coverage
79.57▼
2023 · 113.46
Debt ≤ 1 year
€36,992▲
2023 · €21,485
Income taxes
€22,750▲
2023 · €14,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€82,675€166,013▲
Fixed assets21/28€1,199€1,382▲
Tangible fixed assets22/27€1,199€1,382▲
Plant, machinery and equipment23€1,199€1,382▲
Current assets29/58€81,476€164,631▲
Amounts receivable within one year40/41€80,141€160,220▲
Trade receivables40€1,139-
Other amounts receivable41€79,003€160,220▲
Cash at bank and in hand54/58€513€853▲
Deferred charges and accrued income490/1€822€3,557▲
Equity and liabilities
Total equity and liabilities10/49€82,675€166,013▲
Equity10/15€61,190€129,021▲
Contributions10/11€1,500€1,500=
Profit (loss) carried forward14€59,690€127,521▲
Amounts payable17/49€21,485€36,992▲
Amounts payable within one year42/48€21,485€36,992▲
Trade debts44€7,485€24,242▲
Suppliers440/4€7,485€24,242▲
Taxes, remuneration and social security45€14,000€12,750▼
Taxes450/3€14,000€12,750▼
Income statement Code20232024
Turnover70€423,938-
Goods, raw materials, services and sundry goods60/61€350,377-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€351€1,129▲
Other operating charges640/8€2,646€14,591▲
Non-recurring operating charges66A-€37
Gross operating margin9900€73,561€100,236▲
Operating profit (loss)9901€70,563€84,479▲
Financial income75/76B€3,752€7,179▲
Recurring financial income75€3,752€7,179▲
Financial charges65/66B€625€1,076▲
Recurring financial charges65€625€1,076▲
Profit (loss) for the period before taxes9903€73,690€90,581▲
Income taxes67/77€14,000€22,750▲
Profit (loss) for the period9904€59,690€67,831▲
Profit (loss) for the period to be appropriated9905€59,690€67,831▲
Appropriation of the result
Profit (loss) to be appropriated9906€59,690€127,521▲
Profit (loss) brought forward from the previous period14P-€59,690

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Turnover70€423,938--
Goods, raw materials, services and sundry goods60/61€350,377--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€351€1,129▲ 221%
Other operating charges640/8€2,646€14,591▲ 451%
Non-recurring operating charges66A-€37-
Gross operating margin9900€73,561€100,236▲ 36.3%
Operating profit (loss)9901€70,563€84,479▲ 19.7%
Financial income75/76B€3,752€7,179▲ 91.4%
Recurring financial income75€3,752€7,179▲ 91.4%
Financial charges65/66B€625€1,076▲ 72.1%
Recurring financial charges65€625€1,076▲ 72.1%
Profit (loss) for the period before taxes9903€73,690€90,581▲ 22.9%
Income taxes67/77€14,000€22,750▲ 62.5%
Profit (loss) for the period9904€59,690€67,831▲ 13.6%
Profit (loss) for the period to be appropriated9905€59,690€67,831▲ 13.6%
Line20232024Change
Assets
Total assets20/58€82,675€166,013▲ 101%
Fixed assets21/28€1,199€1,382▲ 15.3%
Tangible fixed assets22/27€1,199€1,382▲ 15.3%
Plant, machinery and equipment23€1,199€1,382▲ 15.3%
Current assets29/58€81,476€164,631▲ 102%
Amounts receivable within one year40/41€80,141€160,220▲ 99.9%
Trade receivables40€1,139--
Other amounts receivable41€79,003€160,220▲ 103%
Cash at bank and in hand54/58€513€853▲ 66.5%
Deferred charges and accrued income490/1€822€3,557▲ 333%
Equity and liabilities
Total equity and liabilities10/49€82,675€166,013▲ 101%
Equity10/15€61,190€129,021▲ 111%
Contributions10/11€1,500€1,500=
Profit (loss) carried forward14€59,690€127,521▲ 114%
Amounts payable17/49€21,485€36,992▲ 72.2%
Amounts payable within one year42/48€21,485€36,992▲ 72.2%
Trade debts44€7,485€24,242▲ 224%
Suppliers440/4€7,485€24,242▲ 224%
Taxes, remuneration and social security45€14,000€12,750▼ 8.9%
Taxes450/3€14,000€12,750▼ 8.9%
Line20232024Change
Profit (loss) for the period9904€59,690€67,831▲ 13.6%
+ Depreciation and write-downs630€351€1,129▲ 221%
Operating cash flow (approximation)€60,041€68,961▲ 14.9%
Investment in fixed assets (approximation)--€1,313-
Change in cash-€341-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
05-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 309 days late
2024
31-12
Financial Equity above €100,000Eq €129,021 ▲111%
2 profitable years in a row build equity to €129,021.
09-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 40 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, Vilvoorde · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
488 m²
Building footprint
161 m²
Volume, LiDAR
1,683 m³
2 parcels, Brussels, Flanders · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
32 companies at this address See who is registered here
1 establishment unit
Maurice Albert Raskinstraat 43, 1070 Anderlecht
General construction of buildings
since 20222.331.109.245
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21302A0119/00X006 Brussels 292 m² 1 · 76 m² 15.5 m · 4 fl.
23643E0027/00Z003 Flanders 196 m² 1 · 84 m² 12.3 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,168 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
Founded06-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0785806205
Also 9925:BE0785806205
Registered 08-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.