WORLD GATE SERVICES
ActiveSummary
WORLD GATE SERVICES has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,291 and a net result of -€19,155. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 29% of 1033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-20
Solvency52▼-37
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 6.61 in 2024; short-term debt: 65.1% and cash: 5.6% of total assets), and 73.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
26.8%
Return on assets
-6.5%
Age of the figures
9 mo
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
140 d late
2023
37 d late
2022
60 d late
2021
73 d late
2020
125 d late
2019
481 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 135 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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 29 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€79,291▼ 19.5%
2024 · €98,445
Total assets
€295,890▲ 93.6%
2024 · €152,809
Net result
-€19,155
2024 · €15,140
Working capital
€4,064▼ 95.7%
2024 · €94,281
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 42, Civil engineering, 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-€11,723-€11,220▲ 4.3%€22,845€18,171▼ 20.5%-€17,908
Net result-€10,287below the sector's middle half-€15,852below the sector's middle half▼ 54.1%€5,359within the sector's middle half€15,140within the sector's middle half▲ 183%-€19,155below the sector's middle half
Equity€93,798within the sector's middle half▼ 9.9%€77,946within the sector's middle half▼ 16.9%€83,305within the sector's middle half▲ 6.9%€98,445within the sector's middle half▲ 18.2%€79,291within the sector's middle half▼ 19.5%
Total assets€266,680within the sector's middle half▲ 8.3%€306,807within the sector's middle half▲ 15.0%€249,145within the sector's middle half▼ 18.8%€152,809within the sector's middle half▼ 38.7%€295,890within the sector's middle half▲ 93.6%
Debt€172,881▲ 21.6%€228,861▲ 32.4%€165,839▼ 27.5%€54,364▼ 67.2%€216,600▲ 298%
Working capital€81,678within the sector's middle half▼ 6.8%€56,038within the sector's middle half▼ 31.4%€63,731within the sector's middle half▲ 13.7%€94,281above the sector's middle half▲ 47.9%€4,064within the sector's middle half▼ 95.7%
Solvency35.2%within the sector's middle half▼ 7.1pp25.4%within the sector's middle half▼ 9.8pp33.4%within the sector's middle half▲ 8.0pp64.4%within the sector's middle half▲ 31.0pp26.8%within the sector's middle half▼ 37.6pp
Current ratio1.50within the sector's middle half▼ 0.201.34within the sector's middle half▼ 0.161.53within the sector's middle half▲ 0.196.61above the sector's middle half▲ 5.081.02below the sector's middle half▼ 5.59
Return on assets (ROA)-3.9%below the sector's middle half▼ 12.2pp-5.2%below the sector's middle half▼ 1.3pp2.2%within the sector's middle half▲ 7.3pp9.9%within the sector's middle half▲ 7.8pp-6.5%below the sector's middle half▼ 16.4pp
Staff (FTE)5.5▼ 6.8%4.6▼ 16.4%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, 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
The operating result turns negative in 2025: a loss of €17,908 after €18,171 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295,890
Fixed assets
€99,317 ▲ 138%
Current assets
€196,573 ▲ 77.0%
Equity and liabilities €295,890
Equity
€79,291 ▼ 19.5%
Debt
€216,600 ▲ 298%
Debt's share of the balance-sheet total rises from 35.6% to 73.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,656▼
2024 · €50,963
Cash flow
€14,410▼
2024 · €47,933
Debt to equity
2.73▲
2024 · 0.55
ROE
-24.2%▼
2024 · 15.4%
Interest coverage
12.14▲
2024 · 9.81
Debt ≤ 1 year
€192,509▲
2024 · €16,806
Debt > 1 year
€24,091▼
2024 · €37,558
Staff costs
€29,873▼
2024 · €42,547
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 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 2,165 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 | €113,899 | €93,167 | €42,115 | €42,547 | €29,873 | ▼ 29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,670 | €17,526 | €34,547 | €32,793 | €33,564 | ▲ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €50,939 | €45,000 | €0 | ▼ 100% |
| Other operating charges640/8 | €4,668 | €22,874 | €14,911 | €379 | €3,011 | ▲ 695% |
| Non-recurring operating charges66A | €3,153 | - | - | - | - | - |
| Gross operating margin9900 | €120,667 | €122,346 | €165,356 | €138,889 | €48,541 | ▼ 65.1% |
| Operating profit (loss)9901 | -€11,723 | -€11,220 | €22,845 | €18,171 | -€17,908 | ▼ 199% |
| Financial income75/76B | €5,944 | €1 | €0 | €2,166 | €43 | ▼ 98.0% |
| Recurring financial income75 | €5,944 | €1 | €0 | €2,166 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | - | €43 | - |
| Financial charges65/66B | €4,012 | €6,087 | €17,811 | €5,197 | €1,290 | ▼ 75.2% |
| Recurring financial charges65 | €4,012 | €6,087 | €17,811 | €5,197 | €1,290 | ▼ 75.2% |
| Profit (loss) for the period before taxes9903 | -€9,791 | -€17,306 | €5,034 | €15,140 | -€19,155 | ▼ 227% |
| Income taxes67/77 | €496 | -€1,454 | -€325 | - | - | - |
| Profit (loss) for the period9904 | -€10,287 | -€15,852 | €5,359 | €15,140 | -€19,155 | ▼ 227% |
| Profit (loss) for the period to be appropriated9905 | -€10,287 | -€15,852 | €5,359 | €15,140 | -€19,155 | ▼ 227% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €266,680 | €306,807 | €249,145 | €152,809 | €295,890 | ▲ 93.6% |
| Fixed assets21/28 | €23,232 | €86,393 | €66,143 | €41,723 | €99,317 | ▲ 138% |
| Tangible fixed assets22/27 | €12,717 | €75,878 | €55,628 | €31,208 | €88,802 | ▲ 185% |
| Furniture and vehicles24 | - | €5,448 | €15,845 | €19,239 | €88,802 | ▲ 362% |
| Leasing and similar rights25 | €12,717 | €70,430 | €39,783 | €11,969 | €0 | ▼ 100% |
| Financial fixed assets28 | €10,515 | €10,515 | €10,515 | €10,515 | €10,515 | = |
| Current assets29/58 | €243,448 | €220,414 | €183,001 | €111,087 | €196,573 | ▲ 77.0% |
| Amounts receivable after more than one year29 | €40,439 | €125,939 | €68,145 | €40,340 | €30,000 | ▼ 25.6% |
| Trade receivables290 | €40,439 | €50,939 | - | - | - | - |
| Other amounts receivable291 | - | €75,000 | €68,145 | €40,340 | €30,000 | ▼ 25.6% |
| Amounts receivable within one year40/41 | €149,550 | €93,134 | €106,685 | €31,098 | €138,595 | ▲ 346% |
| Trade receivables40 | €110,605 | €68,432 | €37,235 | €3,044 | €44,158 | ▲ 1,351% |
| Other amounts receivable41 | €38,946 | €24,703 | €69,450 | €28,054 | €94,437 | ▲ 237% |
| Cash at bank and in hand54/58 | €53,459 | €88 | €7,092 | €36,021 | €16,629 | ▼ 53.8% |
| Deferred charges and accrued income490/1 | - | €1,253 | €1,079 | €3,627 | €11,350 | ▲ 213% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €266,680 | €306,807 | €249,145 | €152,809 | €295,890 | ▲ 93.6% |
| Equity10/15 | €93,798 | €77,946 | €83,305 | €98,445 | €79,291 | ▼ 19.5% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | - | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €73,338 | €57,486 | €62,845 | €77,985 | €58,831 | ▼ 24.6% |
| Amounts payable17/49 | €172,881 | €228,861 | €165,839 | €54,364 | €216,600 | ▲ 298% |
| Amounts payable after more than one year17 | €11,111 | €64,485 | €46,569 | €37,558 | €24,091 | ▼ 35.9% |
| Financial debts170/4 | €11,111 | €64,485 | €46,569 | €37,558 | €24,091 | ▼ 35.9% |
| Amounts payable within one year42/48 | €161,770 | €164,376 | €119,270 | €16,806 | €192,509 | ▲ 1,046% |
| Current portion of amounts payable after more than one year42 | €6,985 | €17,973 | €15,835 | €15,801 | €13,172 | ▼ 16.6% |
| Trade debts44 | €43,656 | €30,584 | €26,622 | - | €47,714 | - |
| Suppliers440/4 | €43,656 | €30,584 | €26,622 | - | €37,588 | - |
| Bills of exchange payable441 | - | - | - | - | €10,126 | - |
| Taxes, remuneration and social security45 | €111,129 | €115,820 | €76,813 | €1,004 | €27,372 | ▲ 2,626% |
| Taxes450/3 | €50,998 | €71,208 | €76,813 | €1,004 | €16,712 | ▲ 1,564% |
| Remuneration and social security454/9 | €60,131 | €44,611 | - | - | €10,660 | - |
| Other amounts payable47/48 | - | - | - | - | €104,251 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,287 | -€15,852 | €5,359 | €15,140 | -€19,155 | ▼ 227% |
| + Depreciation and write-downs630 | €10,670 | €17,526 | €34,547 | €32,793 | €33,564 | ▲ 2.4% |
| Operating cash flow (approximation) | €383 | €1,674 | €39,905 | €47,933 | €14,410 | ▼ 69.9% |
| Investment in fixed assets (approximation) | - | -€80,687 | -€14,296 | -€8,372 | -€91,159 | ▼ 989% |
| Change in cash | - | -€53,371 | €7,005 | €28,929 | -€19,393 | ▼ 167% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€19,155
Net result drops to -€19,155, the lowest in the series.
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 6.61
Current ratio from 1.53 to 6.61; short-term debt falls from €119,270 to €16,806.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
31-12
Financial
Back to profitnet €5,359
Net result €5,359 after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 481 days late
2020
31-12
Financial
Equity above €100,000Eq €104,085 ▲24.4%
3 profitable years in a row build equity to €104,085.
2019
31-12
Financial
Highest result since 2018net €26,431 ▲12.1%
Operating result €42,885, net result €26,431, both a record.
Show earlier events
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 63 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 71 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
No directors read yet: 0 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2013
Ground area
794 m²
Parcel 23078C0003/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
WORLD GATE SERVICES
since 20132.232.806.673
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078C0003/00T000 | Flanders | 794 m² | - | - |
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 1,823 companies in this sector we hold annual accounts for 960. 699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
49410Freight transport by road
77110Renting and leasing of cars and light motor vehicles
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0523891456
Also
9925:BE0523891456
Registered
21-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.