WR PROJECTS
ActiveSummary
The annual accounts of WR PROJECTS for fiscal year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €9k and a net result of €-11k. Equity is shrinking by ~36.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 56% of 14128 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-5
Solvency63▼-22
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.6 against 2.48 in 2024; short-term debt: 62.5% and cash: 2.7% of total assets), but 62.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
37.5%
Return on assets
-45.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-11k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
30 d early
2023
30 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€9k▼ 54.7%
2024 · €19k
Total assets
€23k▼ 27.8%
2024 · €32k
Net result
€-11k▼ 202%
2024 · €-3k
Working capital
€9k▼ 54.7%
2024 · €19k
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
Line202320242025
Operating result€-409-€-3k▼ 633%€-11k▼ 269%
Net result€-2k-€-3k▼ 57.8%€-11k▼ 202%
Equity€23k-€19k▼ 15.3%€9k▼ 54.7%
Total assets€32k-€32k▲ 0.8%€23k▼ 27.8%
Debt€9k-€13k▲ 40.4%€15k▲ 12.0%
Working capital€23k-€19k▼ 15.3%€9k▼ 54.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €23k
Equity
€9k ▼ 54.7%
Debt
€15k ▲ 12.0%
Debt's share of the balance-sheet total rises from 40.3% to 62.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.60▼
2024 · 2.48
Quick ratio
1.43▼
2024 · 2.29
Debt to equity
1.67▲
2024 · 0.67
ROE
-120.5%▼
2024 · -18.1%
ROA
-45.2%▼
2024 · -10.8%
Debt ≤ 1 year
€15k▲
2024 · €13k
Income taxes
€133▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €0 | - | - |
| Other operating charges640/8 | €3k | €2k | €397 | ▼ 81.0% |
| Gross operating margin9900 | €4k | €-907 | €-11k | ▼ 1,075% |
| Operating profit (loss)9901 | €-409 | €-3k | €-11k | ▼ 269% |
| Financial income75/76B | €384 | €936 | €892 | ▼ 4.6% |
| Recurring financial income75 | €384 | €936 | €892 | ▼ 4.6% |
| Financial charges65/66B | €156 | €140 | €246 | ▲ 75.2% |
| Recurring financial charges65 | €156 | €140 | €246 | ▲ 75.2% |
| Profit (loss) for the period before taxes9903 | €-181 | €-2k | €-10k | ▼ 374% |
| Income taxes67/77 | €2k | €1k | €133 | ▼ 89.7% |
| Profit (loss) for the period9904 | €-2k | €-3k | €-11k | ▼ 202% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-3k | €-11k | ▼ 202% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €32k | €32k | €23k | ▼ 27.8% |
| Current assets29/58 | €32k | €32k | €23k | ▼ 27.8% |
| Stocks and contracts in progress3 | €3k | €3k | €3k | = |
| Stocks30/36 | €3k | €3k | €3k | = |
| Amounts receivable within one year40/41 | €25k | €22k | €20k | ▼ 7.7% |
| Trade receivables40 | €11k | €0 | €6k | - |
| Other amounts receivable41 | €15k | €22k | €14k | ▼ 34.7% |
| Cash at bank and in hand54/58 | €546 | €5k | €640 | ▼ 87.4% |
| Deferred charges and accrued income490/1 | €4k | €3k | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €32k | €32k | €23k | ▼ 27.8% |
| Equity10/15 | €23k | €19k | €9k | ▼ 54.7% |
| Contributions10/11 | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €-2k | €-6k | €-16k | ▼ 185% |
| Amounts payable17/49 | €9k | €13k | €15k | ▲ 12.0% |
| Amounts payable within one year42/48 | €9k | €13k | €15k | ▲ 12.0% |
| Trade debts44 | €4k | €9k | €10k | ▲ 1.8% |
| Suppliers440/4 | €4k | €9k | €10k | ▲ 1.8% |
| Taxes, remuneration and social security45 | €5k | €4k | €5k | ▲ 38.3% |
| Taxes450/3 | €5k | €4k | €2k | ▼ 49.1% |
| Remuneration and social security454/9 | - | - | €3k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-3k | €-11k | ▼ 202% |
| + Depreciation and write-downs630 | €1k | €0 | - | - |
| Operating cash flow (approximation) | €-824 | €-3k | €-11k | ▼ 202% |
| Change in cash | - | €5k | €-4k | ▼ 198% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lievegem · 1 establishment unit since 2022
Ground area
656 m²
Building footprint
101 m²
Volume, LiDAR
652 m³
Parcel 44452B1031/00A002, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WR PROJECTS
since 20222.337.767.504
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44452B1031/00A002 | Flanders | 656 m² | 1 · 101 m² | 11.1 m · 2 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.
Similar companies · same sector, comparable size
DENEVE & PARTNERS
BE 0866.608.886
Brasschaat · Eq €8,745
RESIDENCE HAYNOL
BE 0722.740.961
Libramont-Chevigny · Eq €8,732
RORA Woonprojecten
BE 0794.603.115
Scherpenheuvel-Zichem · Eq €8,787
UPTOWN PROPERTIES
BE 0740.615.190
Elsene · Eq €8,794
DE VISSERIJ PROJECTS
BE 0781.393.693
Gent · Eq €8,706
Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 2,925 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
Founded27-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.