WOENST
ActiveSummary
WOENST has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.2m) and a net result of -€2.9m. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-22
Solvency3▼-38
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.15 against 1.48 in 2024; short-term debt: 86.8% and cash: 11.9% of total assets), and equity is negative.
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Signals
Five 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-22.5%
Return on assets
-53.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.2m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
68 d late
2023
on the day
2022
2 d early
2021
19 d early
2020
on the day
2019
on the day
← 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 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Ternat, Real estate sector#6 company by total assets in Ternat, Real estate sector
Equity
-€1.2m
2024 · €1.7m
Total assets
€5.4m▼ 48.5%
2024 · €10.5m
Net result
-€2.9m▼ 26,615%
2024 · -€10,802
Working capital
€693,167▼ 79.7%
2024 · €3.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Operating result€308,753▼ 64.9%€257,874▼ 16.5%€423,424▲ 64.2%€212,922▼ 49.7%-€2.6m
Net result€114,495within the sector's middle half▼ 80.9%€70,522within the sector's middle half▼ 38.4%€63,081within the sector's middle half▼ 10.6%-€10,802within the sector's middle half-€2.9mbelow the sector's middle half▼ 26,615%
Equity€1.5mabove the sector's middle half▲ 8.0%€1.6mabove the sector's middle half▲ 4.6%€1.7mabove the sector's middle half▲ 3.9%€1.7mabove the sector's middle half▼ 0.6%-€1.2mbelow the sector's middle half
Total assets€14.5mabove the sector's middle half▲ 34.7%€16.3mabove the sector's middle half▲ 12.5%€13.8mabove the sector's middle half▼ 15.1%€10.5mabove the sector's middle half▼ 24.1%€5.4mabove the sector's middle half▼ 48.5%
Debt€13.0m▲ 38.8%€14.7m▲ 13.4%€12.2m▼ 17.2%€8.8m▼ 27.3%€6.6m▼ 25.1%
Working capital€3.0mabove the sector's middle half▲ 9.6%€3.2mabove the sector's middle half▲ 6.9%€3.5mabove the sector's middle half▲ 9.7%€3.4mabove the sector's middle half▼ 3.4%€693,167above the sector's middle half▼ 79.7%
Solvency10.7%within the sector's middle half▼ 2.6pp9.9%within the sector's middle half▼ 0.8pp12.1%within the sector's middle half▲ 2.2pp15.9%within the sector's middle half▲ 3.7pp-22.5%below the sector's middle half▼ 38.3pp
Current ratio1.26within the sector's middle half▼ 0.081.25within the sector's middle half▼ 0.021.34within the sector's middle half▲ 0.101.48within the sector's middle half▲ 0.141.15within the sector's middle half▼ 0.33
Return on assets (ROA)0.8%within the sector's middle half▼ 4.8pp0.4%within the sector's middle half▼ 0.4pp0.5%within the sector's middle half=-0.1%within the sector's middle half▼ 0.6pp-53.3%below the sector's middle half▼ 53.2pp
Staff (FTE)1within the sector's middle half2within the sector's middle half▲ 100%2above the sector's middle half=2above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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.
Why a figure moved sharply
- 2025 Net result -26,615% on 2024. This fiscal year ran 15 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2.6m after €212,922 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets
€18,440 ▲ 150%
Current assets
€5.4m ▼ 48.7%
Key figures and ratios
EBITDA
-€2.6m▼
2024 · €213,404
Cash flow
-€2.9m▼
2024 · -€10,321
Quick ratio
0.38▲
2024 · 0.29
Debt to equity
-5.45▼
2024 · 5.29
Interest coverage
-5.62▼
2024 · 0.44
Debt ≤ 1 year
€4.7m▼
2024 · €7.1m
Debt > 1 year
€920,000=
2024 · €920,000
Income taxes
€506▲
2024 · €339
Staff costs
€324,313▲
2024 · €245,313
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €116,288 | €241,692 | €245,313 | €324,313 | ▲ 32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €481 | €1,716 | ▲ 257% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €450,000 | - | - | -€450,000 | - |
| Other operating charges640/8 | €900 | €901 | €34 | €1,984 | €2,170 | ▲ 9.3% |
| Gross operating margin9900 | €309,654 | €825,063 | €665,150 | €460,700 | -€2.7m | ▼ 681% |
| Operating profit (loss)9901 | €308,753 | €257,874 | €423,424 | €212,922 | -€2.6m | ▼ 1,301% |
| Financial income75/76B | €27,127 | €61,963 | €88,712 | €264,117 | €125,558 | ▼ 52.5% |
| Recurring financial income75 | €27,127 | €61,963 | €88,712 | €264,117 | €125,558 | ▼ 52.5% |
| Financial charges65/66B | €179,907 | €221,866 | €421,829 | €487,503 | €454,356 | ▼ 6.8% |
| Recurring financial charges65 | €179,907 | €221,866 | €421,829 | €487,503 | €454,356 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €155,973 | €97,971 | €90,308 | -€10,464 | -€2.9m | ▼ 27,475% |
| Income taxes67/77 | €41,478 | €27,448 | €27,227 | €339 | €506 | ▲ 49.4% |
| Profit (loss) for the period9904 | €114,495 | €70,522 | €63,081 | -€10,802 | -€2.9m | ▼ 26,615% |
| Profit (loss) for the period to be appropriated9905 | €114,495 | €70,522 | €63,081 | -€10,802 | -€2.9m | ▼ 26,615% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.5m | €16.3m | €13.8m | €10.5m | €5.4m | ▼ 48.5% |
| Fixed assets21/28 | - | - | - | €7,374 | €18,440 | ▲ 150% |
| Intangible fixed assets21 | - | - | - | - | €3,094 | - |
| Tangible fixed assets22/27 | - | - | - | €7,374 | €15,346 | ▲ 108% |
| Plant, machinery and equipment23 | - | - | - | - | €2,294 | - |
| Furniture and vehicles24 | - | - | - | €7,374 | €6,589 | ▼ 10.7% |
| Other tangible fixed assets26 | - | - | - | - | €6,463 | - |
| Current assets29/58 | €14.5m | €16.3m | €13.8m | €10.5m | €5.4m | ▼ 48.7% |
| Amounts receivable after more than one year29 | - | - | - | €2,080 | €2,080 | = |
| Other amounts receivable291 | - | - | - | €2,080 | €2,080 | = |
| Stocks and contracts in progress3 | €12.1m | €13.7m | €10.5m | €8.5m | €3.6m | ▼ 57.2% |
| Stocks30/36 | €11.1m | €11.8m | €10.5m | €8.5m | €3.6m | ▼ 57.2% |
| Contracts in progress37 | €986,283 | €1.9m | - | - | - | - |
| Amounts receivable within one year40/41 | €1.9m | €2.3m | €3.0m | €1.8m | €1.0m | ▼ 43.6% |
| Trade receivables40 | €267,486 | €574,529 | €1.3m | €1.6m | €723,622 | ▼ 53.3% |
| Other amounts receivable41 | €1.6m | €1.7m | €1.7m | €279,195 | €309,195 | ▲ 10.7% |
| Cash at bank and in hand54/58 | €437,165 | €203,906 | €95,978 | €161,063 | €644,012 | ▲ 300% |
| Deferred charges and accrued income490/1 | €77,751 | €101,135 | €192,258 | €47,216 | €91,372 | ▲ 93.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.5m | €16.3m | €13.8m | €10.5m | €5.4m | ▼ 48.5% |
| Equity10/15 | €1.5m | €1.6m | €1.7m | €1.7m | -€1.2m | ▼ 173% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €1.5m | €1.5m | €1.6m | €1.6m | €7,437 | ▼ 99.5% |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | - | €7,437 | - |
| Reserves not available under the articles1311 | €7,437 | €7,437 | €7,437 | - | €7,437 | - |
| Distributable reserves133 | €1.5m | €1.5m | €1.6m | €1.6m | - | - |
| Profit (loss) carried forward14 | - | - | - | - | -€1.3m | - |
| Amounts payable17/49 | €13.0m | €14.7m | €12.2m | €8.8m | €6.6m | ▼ 25.1% |
| Amounts payable after more than one year17 | €920,000 | €920,000 | €920,000 | €920,000 | €920,000 | = |
| Financial debts170/4 | €920,000 | €920,000 | €920,000 | €920,000 | €920,000 | = |
| Amounts payable within one year42/48 | €11.5m | €13.1m | €10.3m | €7.1m | €4.7m | ▼ 33.8% |
| Financial debts43 | €6.5m | €6.5m | €5.2m | €2.9m | €15,000 | ▼ 99.5% |
| Credit institutions430/8 | €6.5m | €6.5m | €5.2m | €2.9m | €15,000 | ▼ 99.5% |
| Trade debts44 | €946,951 | €778,554 | €608,735 | €479,254 | €796,951 | ▲ 66.3% |
| Suppliers440/4 | €946,951 | €778,554 | €608,735 | €479,254 | €796,951 | ▲ 66.3% |
| Advances received on contracts in progress46 | €1.3m | €2.1m | - | - | - | - |
| Taxes, remuneration and social security45 | €41,478 | €39,130 | €66,306 | €200,335 | €124,432 | ▼ 37.9% |
| Taxes450/3 | €41,478 | €27,448 | €40,800 | €170,770 | €90,720 | ▼ 46.9% |
| Remuneration and social security454/9 | - | €11,682 | €25,506 | €29,565 | €33,712 | ▲ 14.0% |
| Other amounts payable47/48 | €2.7m | €3.7m | €4.4m | €3.6m | €3.8m | ▲ 5.9% |
| Accrued charges and deferred income492/3 | €539,243 | €677,060 | €926,580 | €825,355 | €1.0m | ▲ 21.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114,495 | €70,522 | €63,081 | -€10,802 | -€2.9m | ▼ 26,615% |
| + Depreciation and write-downs630 | - | - | - | €481 | €1,716 | ▲ 257% |
| Operating cash flow (approximation) | €114,495 | €70,522 | €63,081 | -€10,321 | -€2.9m | ▼ 27,844% |
| Investment in fixed assets (approximation) | - | - | - | - | -€12,782 | - |
| Change in cash | - | -€233,259 | -€107,928 | €65,085 | €482,949 | ▲ 642% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€2.9m
Net result drops to -€2.9m, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 68 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €599,524
Net result €599,524 after 2 loss-making years.
30-09
Financial
Equity above €1mEq €1.4m ▲71.9%
Equity rises from €834,124 to €1.4m.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Ternat · 1 establishment unit since 1979
Ground area
1,081 m²
Building footprint
151 m²
Volume, LiDAR
1,462 m³
Parcel 23086A0052/00A002, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Terlindenstraat 44, 1740 Ternat
since 19792.016.810.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0052/00A002 | Flanders | 1,081 m² | 1 · 151 m² | 13.8 m · 3 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 431 EUR awarded · 254 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 237 EUR | 60 EUR |
| 2024 | 1 | 194 EUR | 194 EUR |
Recognitions · licences · registrations
Care and welfare
2 services · 0 liveMulhof
Neerom
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,826 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
Founded26-11-1979
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419926262
Also
9925:BE0419926262
Registered
06-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.