WORLD GROUP
ActiveSummary
WORLD GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,140 and a net result of €12,718. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 13% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-13
Solvency33▼-37
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.7 in 2024; short-term debt: 22% and cash: 4.7% of total assets), and 91.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
8.3%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 13%
← weakest
strongest →
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 31-03-2026, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
35 d early
2023
43 d early
2022
7 d early
2021
5 d early
2020
31 d late
2019
31 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 21 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 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 simulator 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 How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€25,140▼ 28.7%
2024 · €35,283
Total assets
€302,747▲ 284%
2024 · €78,882
Net result
€12,718▲ 11.0%
2024 · €11,460
Working capital
€12,874▼ 58.1%
2024 · €30,704
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,585▲ 16.7%€14,150▲ 153%€9,325▼ 34.1%€17,481▲ 87.5%€21,795▲ 24.7%
Net result€3,968▲ 8.1%€9,867▲ 149%€8,692▼ 11.9%€11,460▲ 31.8%€12,718▲ 11.0%
Equity€24,463▲ 19.5%€34,330▲ 40.3%€43,023▲ 25.3%€35,283▼ 18.0%€25,140▼ 28.7%
Total assets€35,894▼ 27.7%€60,639▲ 68.9%€57,409▼ 5.3%€78,882▲ 37.4%€302,747▲ 284%
Debt€11,431▼ 60.8%€26,309▲ 130%€14,386▼ 45.3%€43,599▲ 203%€277,607▲ 537%
Working capital€24,463▲ 19.5%€31,922▲ 30.5%€39,742▲ 24.5%€30,704▼ 22.7%€12,874▼ 58.1%
Staff (FTE)2▲ 100%
Turnover and EBIT margin not published: the micro 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 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302,747
Fixed assets
€223,302 ▲ 4,776%
Current assets
€79,445 ▲ 6.9%
Equity and liabilities €302,747
Equity
€25,140 ▼ 28.7%
Debt
€277,607 ▲ 537%
Debt's share of the balance-sheet total rises from 55.3% to 91.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57,940▲
2024 · €19,494
Cash flow
€48,863▲
2024 · €13,473
Current ratio
1.19▼
2024 · 1.70
Debt to equity
11.04▲
2024 · 1.24
ROE
50.6%▲
2024 · 32.5%
ROA
4.2%▼
2024 · 14.5%
Interest coverage
26.56▼
2024 · 28.92
Debt ≤ 1 year
€66,571▲
2024 · €43,599
Debt > 1 year
€211,036
Income taxes
€7,145▲
2024 · €5,358
Staff costs
€11,259▼
2024 · €19,035
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,375 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,058 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% | 1.6% |
| 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 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 1,375 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 | €12,798 | €16,752 | €22,042 | €19,035 | €11,259 | ▼ 40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €186 | €696 | €2,013 | €36,146 | ▲ 1,696% |
| Other operating charges640/8 | €298 | €366 | €1,522 | €1,996 | €1,720 | ▼ 13.8% |
| Gross operating margin9900 | €18,680 | €31,454 | €33,585 | €40,525 | €70,919 | ▲ 75.0% |
| Operating profit (loss)9901 | €5,585 | €14,150 | €9,325 | €17,481 | €21,795 | ▲ 24.7% |
| Financial income75/76B | €577 | €505 | €4,232 | €11 | €250 | ▲ 2,146% |
| Recurring financial income75 | €577 | €505 | €4,232 | €11 | €250 | ▲ 2,146% |
| Financial charges65/66B | €398 | €451 | €490 | €674 | €2,182 | ▲ 224% |
| Recurring financial charges65 | €398 | €451 | €490 | €674 | €2,182 | ▲ 224% |
| Profit (loss) for the period before taxes9903 | €5,765 | €14,204 | €13,066 | €16,819 | €19,863 | ▲ 18.1% |
| Income taxes67/77 | €1,797 | €4,336 | €4,374 | €5,358 | €7,145 | ▲ 33.3% |
| Profit (loss) for the period9904 | €3,968 | €9,867 | €8,692 | €11,460 | €12,718 | ▲ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €3,968 | €9,867 | €8,692 | €11,460 | €12,718 | ▲ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,894 | €60,639 | €57,409 | €78,882 | €302,747 | ▲ 284% |
| Fixed assets21/28 | - | €2,408 | €3,281 | €4,579 | €223,302 | ▲ 4,776% |
| Tangible fixed assets22/27 | - | €2,408 | €3,281 | €4,579 | €223,302 | ▲ 4,776% |
| Land and buildings22 | - | - | - | - | €218,583 | - |
| Plant, machinery and equipment23 | - | - | - | - | €2,395 | - |
| Furniture and vehicles24 | - | €2,408 | €3,281 | €4,579 | €2,324 | ▼ 49.2% |
| Current assets29/58 | €35,894 | €58,231 | €54,128 | €74,303 | €79,445 | ▲ 6.9% |
| Amounts receivable within one year40/41 | €20,493 | €31,573 | €47,915 | €48,470 | €65,019 | ▲ 34.1% |
| Trade receivables40 | €9,222 | €17,641 | €30,476 | €36,862 | €55,871 | ▲ 51.6% |
| Other amounts receivable41 | €11,271 | €13,933 | €17,439 | €11,608 | €9,148 | ▼ 21.2% |
| Cash at bank and in hand54/58 | €14,790 | €15,164 | €80 | €21,164 | €14,369 | ▼ 32.1% |
| Deferred charges and accrued income490/1 | €611 | €11,494 | €6,133 | €4,669 | €57 | ▼ 98.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,894 | €60,639 | €57,409 | €78,882 | €302,747 | ▲ 284% |
| Equity10/15 | €24,463 | €34,330 | €43,023 | €35,283 | €25,140 | ▼ 28.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €14,578 | ▲ 684% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €12,718 | - |
| Profit (loss) carried forward14 | €16,403 | €26,270 | €34,963 | €33,423 | €10,563 | ▼ 68.4% |
| Amounts payable17/49 | €11,431 | €26,309 | €14,386 | €43,599 | €277,607 | ▲ 537% |
| Amounts payable after more than one year17 | - | - | - | - | €211,036 | - |
| Financial debts170/4 | - | - | - | - | €211,036 | - |
| Amounts payable within one year42/48 | €11,431 | €26,309 | €14,386 | €43,599 | €66,571 | ▲ 52.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,706 | - |
| Trade debts44 | €6,845 | €21,883 | €6,930 | €23,536 | €20,971 | ▼ 10.9% |
| Suppliers440/4 | €6,845 | €21,883 | €6,930 | €23,536 | €20,971 | ▼ 10.9% |
| Taxes, remuneration and social security45 | €2,658 | €4,336 | €6,707 | €10,024 | €21,844 | ▲ 118% |
| Taxes450/3 | €1,791 | €4,336 | €4,374 | €8,341 | €21,194 | ▲ 154% |
| Remuneration and social security454/9 | €867 | - | €2,334 | €1,683 | €650 | ▼ 61.4% |
| Other amounts payable47/48 | €1,929 | €90 | €748 | €10,039 | €16,049 | ▲ 59.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,968 | €9,867 | €8,692 | €11,460 | €12,718 | ▲ 11.0% |
| + Depreciation and write-downs630 | - | €186 | €696 | €2,013 | €36,146 | ▲ 1,696% |
| Operating cash flow (approximation) | €3,968 | €10,053 | €9,389 | €13,473 | €48,863 | ▲ 263% |
| Investment in fixed assets (approximation) | - | - | -€1,569 | -€3,311 | -€254,869 | ▼ 7,597% |
| Change in cash | - | €374 | -€15,084 | €21,084 | -€6,795 | ▼ 132% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €12,718 ▲11%
Operating result €21,795, net result €12,718, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Tubize · 1 establishment unit since 2012
Ground area
1,599 m²
Parcel 25105C0198/00K006, Wallonia. Linked by address, not a title deed.
1 establishment unit
World Group
since 20122.210.888.138
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105C0198/00K006 | Wallonia | 1,599 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.
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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesWORLD GROUP SRL45172
Similar companies · same sector, comparable size
Segers Malko
BE 0781.883.148
Schoten · Eq €25,131
LE DEBOUCHEUR LIEGEOIS
BE 0597.986.687
Liège · Eq €25,159
M&S DEBOUCHAGE
BE 1008.135.153
Sint-Agatha-Berchem · Eq €25,164
Megaqua
BE 0797.814.706
Dendermonde · Eq €25,081
MERLIN CHAUFFAGE
BE 0694.783.482
Grâce-Hollogne · Eq €25,072
Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 2,613 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
Founded15-06-2012
Fiscal year end31-12
Trade name FR
MC Chauffage
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846636388
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.