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WP

Active
Private limited companyfounded 2019active for 6 yearsJetsesteenweg 408, 1081 Koekelberg, BelgiumKBO/BCE: BE 0736.422.713
Summary

The computed 12-month bankruptcy probability of WP is 5.7% (elevated). The 2024 annual accounts show equity of €123,267 and a net result of €23,180. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 92% of 9,842 sector peers (NACE 41, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 12 October 2026.

Turnover
€1.4m▲ 36.0%
2023 · €1.0m
EBIT margin
2.8%▲ 3.8pp
2023 · -0.9%
Net result
€23,180
2023 · -€8,946
Working capital
€94,527▲ 134%
2023 · €40,321
Trend over the years

2020 to 2024, 5 financial years

The operating result returns to profit in 2024: €39,732 after a loss of €9,249 in 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€1.4m 2024 Operating result€0.04m 2024 Net result€0.02m 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20202021202220232024
Turnover€0.7m€0.8m▲ 15.6%€1.0m▲ 24.4%€1.4m▲ 36.0%
Operating result€0.06m-€0.03m▼ 45.0%€0.05m▲ 65.4%-€0.009m€0.04m
Net result€0.04mabove the sector's middle half-€0.03mabove the sector's middle half▼ 34.8%€0.04mabove the sector's middle half▲ 28.6%-€0.009mbelow the sector's middle half€0.02mwithin the sector's middle half
EBIT margin4.4%6.3%▲ 1.9pp-0.9%▼ 7.2pp2.8%▲ 3.8pp
Equity€0.05mwithin the sector's middle half-€0.07mwithin the sector's middle half▲ 60.9%€0.1mabove the sector's middle half▲ 48.7%€0.1mwithin the sector's middle half▼ 8.2%€0.1mabove the sector's middle half▲ 23.2%
Total assets€0.07mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 61.6%€0.2mwithin the sector's middle half▲ 58.3%€0.1mwithin the sector's middle half▼ 13.1%€0.1mwithin the sector's middle half▼ 1.2%
Debt€0.02m-€0.03m▲ 63.2%€0.06m▲ 79.6%€0.05m▼ 22.1%€0.02m▼ 54.0%
Working capital€0.02mwithin the sector's middle half-€0.04mwithin the sector's middle half▲ 54.2%€0.04mwithin the sector's middle half▲ 13.7%€0.04mwithin the sector's middle half▼ 8.0%€0.09mabove the sector's middle half▲ 134%
Solvency69.3%above the sector's middle half-69.0%above the sector's middle half▼ 0.3pp64.8%above the sector's middle half▼ 4.2pp68.5%above the sector's middle half▲ 3.6pp85.3%above the sector's middle half▲ 16.8pp
Current ratio2.24within the sector's middle half-2.17within the sector's middle half▼ 0.071.81within the sector's middle half▼ 0.361.91within the sector's middle half▲ 0.105.45above the sector's middle half▲ 3.54
Return on assets (ROA)64.8%above the sector's middle half-26.1%above the sector's middle half▼ 38.6pp21.2%above the sector's middle half▼ 4.9pp-6.1%below the sector's middle half▼ 27.3pp16.0%within the sector's middle half▲ 22.2pp
above within below the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144,493
Fixed assets €28,740 ▼ 53.4%
Current assets €115,753 ▲ 37.0%
Equity and liabilities €144,493
Equity €123,267 ▲ 23.2%
Debt €21,226 ▼ 54.0%
Debt's share of the balance-sheet total falls from 31.5% to 14.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€72,711▲
2023 · €22,632
Cash flow
€56,159▲
2023 · €22,935
Debt to equity
0.17▼
2023 · 0.46
ROE
18.8%▲
2023 · -8.9%
Interest coverage
25.77▲
2023 · 10.17
Debt ≤ 1 year
€21,226▼
2023 · €44,142
Income taxes
€13,730▲
2023 · -€2,529
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% 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: 5.7% 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 497,468 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% 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 26,975 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 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€0.1m€0.1m▼
Fixed assets21/28€0.06m€0.03m▼
Tangible fixed assets22/27€0.06m€0.03m▼
Furniture and vehicles24€0.06m€0.03m▼
Current assets29/58€0.08m€0.1m▲
Amounts receivable within one year40/41€0.08m€0.1m▲
Trade receivables40€0.07m€0.08m▲
Other amounts receivable41€0.008m€0.03m▲
Cash at bank and in hand54/58€0.002m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€0.1m€0.1m▼
Equity10/15€0.1m€0.1m▲
Contributions10/11€0.003m€0.003m=
Capital10€0.003m€0.003m=
Issued capital100€0.003m€0.003m=
Profit (loss) carried forward14€0.1m€0.1m▲
Amounts payable17/49€0.05m€0.02m▼
Amounts payable after more than one year17€0.002m-
Financial debts170/4€0.002m-
Amounts payable within one year42/48€0.04m€0.02m▼
Current portion of amounts payable after more than one year42€0.02m€0.002m▼
Financial debts43€0.005m€0.01m▲
Credit institutions430/8€0.005m€0.01m▲
Taxes, remuneration and social security45€0.02m€0.01m▼
Taxes450/3€0.02m€0.01m▼
Remuneration and social security454/9€0.001m-
Income statement Code20232024
Turnover70€1.0m€1.4m▲
Goods, raw materials, services and sundry goods60/61€1.0m€1.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m▲
Other operating charges640/8€0.005m€0.003m▼
Gross operating margin9900€0.03m€0.08m▲
Operating profit (loss)9901-€0.009m€0.04m▲
Financial charges65/66B€0.002m€0.003m▲
Recurring financial charges65€0.002m€0.003m▲
Profit (loss) for the period before taxes9903-€0.01m€0.04m▲
Income taxes67/77-€0.003m€0.01m▲
Profit (loss) for the period9904-€0.009m€0.02m▲
Profit (loss) for the period to be appropriated9905-€0.009m€0.02m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.1m▲
Profit (loss) brought forward from the previous period14P€0.1m€0.1m▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70-€0.7m€0.8m€1.0m€1.4m▲ 36.0%
Goods, raw materials, services and sundry goods60/61-€0.7m€0.8m€1.0m€1.3m▲ 31.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.001m€0.008m€0.02m€0.03m€0.03m▲ 3.4%
Other operating charges640/8-€0.001m€0.004m€0.005m€0.003m▼ 37.0%
Gross operating margin9900€0.06m€0.04m€0.08m€0.03m€0.08m▲ 172%
Operating profit (loss)9901€0.06m€0.03m€0.05m-€0.009m€0.04m-
Financial income75/76B-€1----
Recurring financial income75-€1----
Financial charges65/66B-€0.001m€0.001m€0.002m€0.003m▲ 26.8%
Recurring financial charges65€0.001m€0.001m€0.001m€0.002m€0.003m▲ 26.8%
Profit (loss) for the period before taxes9903€0.06m€0.03m€0.05m-€0.01m€0.04m-
Income taxes67/77€0.01m€0.002m€0.02m-€0.003m€0.01m-
Profit (loss) for the period9904€0.04m€0.03m€0.04m-€0.009m€0.02m-
Profit (loss) for the period to be appropriated9905€0.04m€0.03m€0.04m-€0.009m€0.02m-
Line20202021202220232024Change
Assets
Total assets20/58€65,757€106,270€168,183€146,182€144,493▼ 1.2%
Fixed assets21/28€20,584€34,783€70,517€61,719€28,740▼ 53.4%
Tangible fixed assets22/27€20,584€34,783€70,517€61,719€28,740▼ 53.4%
Furniture and vehicles24-€34,783€70,517€61,719€28,740▼ 53.4%
Current assets29/58€45,172€71,487€97,666€84,462€115,753▲ 37.0%
Amounts receivable within one year40/41€42,642€70,360€74,376€82,953€104,468▲ 25.9%
Trade receivables40-€55,198€71,784€74,949€78,229▲ 4.4%
Other amounts receivable41-€15,162€2,592€8,004€26,239▲ 228%
Cash at bank and in hand54/58€2,531€1,126€23,290€1,510€11,285▲ 648%
Equity and liabilities
Total equity and liabilities10/49€65,757€106,270€168,183€146,182€144,493▼ 1.2%
Equity10/15€45,582€73,337€109,033€100,087€123,267▲ 23.2%
Contributions10/11€3,000€3,000€3,000€3,000€3,000=
Capital10-€3,000€3,000€3,000€3,000=
Issued capital100-€3,000€3,000€3,000€3,000=
Profit (loss) carried forward14€42,582€70,337€106,033€97,087€120,267▲ 23.9%
Amounts payable17/49€20,175€32,932€59,150€46,095€21,226▼ 54.0%
Amounts payable after more than one year17--€5,306€1,953--
Financial debts170/4--€5,306€1,953--
Amounts payable within one year42/48€20,175€32,932€53,844€44,142€21,226▼ 51.9%
Current portion of amounts payable after more than one year42-€12,790€12,411€16,691€1,953▼ 88.3%
Financial debts43--€5,000€5,000€9,737▲ 94.7%
Credit institutions430/8--€5,000€5,000€9,737▲ 94.7%
Trade debts44-€12,248€17,834---
Suppliers440/4-€12,248€17,834---
Taxes, remuneration and social security45-€6,069€18,599€22,451€9,536▼ 57.5%
Taxes450/3-€6,069€14,719€21,131€9,536▼ 54.9%
Remuneration and social security454/9--€3,881€1,320--
Other amounts payable47/48-€1,825----
Line20202021202220232024Change
Profit (loss) for the period9904€42,582€27,756€35,696-€8,946€23,180-
+ Depreciation and write-downs630€1,193€7,521€20,709€31,881€32,979▲ 3.4%
Operating cash flow (approximation)€43,775€35,277€56,405€22,935€56,159▲ 145%
Investment in fixed assets (approximation)--€21,720-€56,444-€23,083€0-
Change in cash--€1,405€22,164-€21,781€9,776-

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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