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WOESTT

Active
Private limited companyfounded 2017active for 8 yearsBerkenlaan 138B, 8530 Harelbeke, BelgiumKBO/BCE: BE 0686.791.672
Summary

WOESTT has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,391 and a net result of €388. Its solvency ranks better than 12% of 34,072 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00485340.

Equity
€28,391
Total assets
€383,377
Net result
€388
Working capital
-€24,715

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €383,377
Fixed assets €339,681
Current assets €43,696
Equity and liabilities €383,377
Equity €28,391
Debt €354,986
Debt finances 92.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€46,455
Cash flow
€39,732
Current ratio
0.64
Quick ratio
0.25
Debt to equity
12.50
ROE
1.4%
ROA
0.1%
Interest coverage
9.51
Debt ≤ 1 year
€68,412
Debt > 1 year
€286,574
Income taxes
€1,839
Staff costs
€28,932

Peer companies

Historical observation

Of the 1,251 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94.4% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.6% went bankrupt
2.7% stopped otherwise
94.4% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,470 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% 1.8%
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 1,251 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 · 2025 · 52 lines
Balance sheet Code2025
Assets
Total assets20/58€383,377
Fixed assets21/28€339,681
Tangible fixed assets22/27€339,650
Land and buildings22€280,879
Plant, machinery and equipment23€39,973
Furniture and vehicles24€18,797
Financial fixed assets28€31
Current assets29/58€43,696
Stocks and contracts in progress3€26,326
Stocks30/36€6,600
Contracts in progress37€19,726
Amounts receivable within one year40/41€5,797
Trade receivables40€5,567
Other amounts receivable41€230
Cash at bank and in hand54/58€7,528
Deferred charges and accrued income490/1€4,046
Equity and liabilities
Total equity and liabilities10/49€383,377
Equity10/15€28,391
Contributions10/11€1,650
Reserves13€11,295
Non-distributable reserves130/1€0
Reserves not available under the articles1311€0
Distributable reserves133€11,295
Profit (loss) carried forward14€15,446
Amounts payable17/49€354,986
Amounts payable after more than one year17€286,574
Financial debts170/4€198,574
Other amounts payable178/9€88,000
Amounts payable within one year42/48€68,412
Current portion of amounts payable after more than one year42€29,865
Trade debts44€10,622
Suppliers440/4€10,622
Taxes, remuneration and social security45€6,605
Taxes450/3€3,058
Remuneration and social security454/9€3,547
Other amounts payable47/48€21,320
Income statement Code2025
Non-recurring operating income76A€0
Remuneration, social security and pensions62€28,932
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,344
Other operating charges640/8€5,717
Gross operating margin9900€81,104
Operating profit (loss)9901€7,111
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€4,885
Recurring financial charges65€4,885
Profit (loss) for the period before taxes9903€2,227
Income taxes67/77€1,839
Profit (loss) for the period9904€388
Profit (loss) for the period to be appropriated9905€388
Appropriation of the result
Profit (loss) to be appropriated9906€15,446
Profit (loss) brought forward from the previous period14P€15,058

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Non-recurring operating income76A€0
Remuneration, social security and pensions62€28,932
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,344
Other operating charges640/8€5,717
Gross operating margin9900€81,104
Operating profit (loss)9901€7,111
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€4,885
Recurring financial charges65€4,885
Profit (loss) for the period before taxes9903€2,227
Income taxes67/77€1,839
Profit (loss) for the period9904€388
Profit (loss) for the period to be appropriated9905€388
Line2025
Assets
Total assets20/58€383,377
Fixed assets21/28€339,681
Tangible fixed assets22/27€339,650
Land and buildings22€280,879
Plant, machinery and equipment23€39,973
Furniture and vehicles24€18,797
Financial fixed assets28€31
Current assets29/58€43,696
Stocks and contracts in progress3€26,326
Stocks30/36€6,600
Contracts in progress37€19,726
Amounts receivable within one year40/41€5,797
Trade receivables40€5,567
Other amounts receivable41€230
Cash at bank and in hand54/58€7,528
Deferred charges and accrued income490/1€4,046
Equity and liabilities
Total equity and liabilities10/49€383,377
Equity10/15€28,391
Contributions10/11€1,650
Reserves13€11,295
Non-distributable reserves130/1€0
Reserves not available under the articles1311€0
Distributable reserves133€11,295
Profit (loss) carried forward14€15,446
Amounts payable17/49€354,986
Amounts payable after more than one year17€286,574
Financial debts170/4€198,574
Other amounts payable178/9€88,000
Amounts payable within one year42/48€68,412
Current portion of amounts payable after more than one year42€29,865
Trade debts44€10,622
Suppliers440/4€10,622
Taxes, remuneration and social security45€6,605
Taxes450/3€3,058
Remuneration and social security454/9€3,547
Other amounts payable47/48€21,320
Line2025
Profit (loss) for the period9904€388
+ Depreciation and write-downs630€39,344
Operating cash flow (approximation)€39,732

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-08-2026 2026-00485340

Similar companies · same sector, comparable size

Of the 19,833 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,195. 6,776 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €11,737 awarded · €11,737 paid
Year Entries AwardedPaid
2025 1 €7,426€7,426
2024 1 €4,311€4,311
Schemes
2 entries · €11,737 · €11,737 paid · Departement Werk en Sociale Economie

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.