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WR Technics

Active
Private limited companyfounded 2024active for 1 yearHoogveld 3, 8210 Zedelgem, BelgiumKBO/BCE: BE 1017.492.089

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 13-04-2026 at the NBB

Turnover
≈ €330,000
Estimated: probably between €230,000 and €420,000
Total assets
€185,581
Net result
€88,023
Working capital
€58,149

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €185,581
Fixed assets €57,212
Current assets €128,369
Equity and liabilities €185,581
Equity €91,023
Debt €94,558
Debt's share of the balance-sheet total is 51.0%.
Key figures and ratios
2025 value
EBITDA
€113,576
Cash flow
€92,291
Current ratio
1.83
Debt to equity
1.04
ROE
96.7%
ROA
47.4%
Interest coverage
over 100
Debt ≤ 1 year
€70,220
Debt > 1 year
€24,338
Income taxes
€21,596

Investments

fixed assets acquired
Item30-09-2025
Tangible fixed assets€61,479
Depreciation and write-downs of the year€4,268

Source: notes to the 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2025 · 1 entry · €296 awarded · €296 paid
Schemes
1 entry · €296 · €296 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as WR Technics: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €174,000 and €206,000, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
WR Technics Zedelgem2024€185,581€91,023€114,228€88,023-2025
Beersmans Zedelgem2024€206,069€78,598€130,607€75,5980.72025
Glenn Dewulf Torhout2024€173,935€83,349€136,268€103,349-2025
Electro Noppe Tielt2024€187,937€97,720€119,336€79,787-2025
GYHOME Waremme2025€201,372€74,022€120,975€64,855-2025
EPS Algemene Elektriciteitswerken Diest2024€190,966€94,898€129,145€89,898-2025
SOLUTIONS ECOGREEN Kraainem2025€195,101€124,491€128,868€119,491-2025

They were chosen from the 10,239 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as WR Technics has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

That fits the bankruptcy probability of WR Technics itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for WR Technics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 44 lines

Source: Annual accounts 2025 at the NBB, filed on 13-04-2026.

Balance sheet Code2025
Assets
Total assets20/58€185,581
Fixed assets21/28€57,212
Tangible fixed assets22/27€57,212
Plant, machinery and equipment23€6,360
Furniture and vehicles24€9,559
Leasing and similar rights25€39,874
Other tangible fixed assets26€1,419
Current assets29/58€128,369
Amounts receivable after more than one year29€5,513
Other amounts receivable291€5,513
Amounts receivable within one year40/41€75,323
Trade receivables40€65,163
Other amounts receivable41€10,160
Cash at bank and in hand54/58€46,065
Deferred charges and accrued income490/1€1,468
Equity and liabilities
Total equity and liabilities10/49€185,581
Equity10/15€91,023
Contributions10/11€3,000
Reserves13€88,023
Distributable reserves133€88,023
Amounts payable17/49€94,558
Amounts payable after more than one year17€24,338
Financial debts170/4€24,338
Amounts payable within one year42/48€70,220
Current portion of amounts payable after more than one year42€8,850
Trade debts44€37,206
Suppliers440/4€37,206
Taxes, remuneration and social security45€24,165
Taxes450/3€24,165
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,268
Other operating charges640/8€652
Gross operating margin9900€114,228
Operating profit (loss)9901€109,309
Financial income75/76B€962
Recurring financial income75€962
Financial charges65/66B€652
Recurring financial charges65€652
Profit (loss) for the period before taxes9903€109,619
Income taxes67/77€21,596
Profit (loss) for the period9904€88,023
Profit (loss) for the period to be appropriated9905€88,023
Appropriation of the result
Profit (loss) to be appropriated9906€88,023
Transfer to equity691/2€88,023
To other reserves6921€88,023

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,268
Other operating charges640/8€652
Gross operating margin9900€114,228
Operating profit (loss)9901€109,309
Financial income75/76B€962
Recurring financial income75€962
Financial charges65/66B€652
Recurring financial charges65€652
Profit (loss) for the period before taxes9903€109,619
Income taxes67/77€21,596
Profit (loss) for the period9904€88,023
Profit (loss) for the period to be appropriated9905€88,023
Line2025
Assets
Total assets20/58€185,581
Fixed assets21/28€57,212
Tangible fixed assets22/27€57,212
Plant, machinery and equipment23€6,360
Furniture and vehicles24€9,559
Leasing and similar rights25€39,874
Other tangible fixed assets26€1,419
Current assets29/58€128,369
Amounts receivable after more than one year29€5,513
Other amounts receivable291€5,513
Amounts receivable within one year40/41€75,323
Trade receivables40€65,163
Other amounts receivable41€10,160
Cash at bank and in hand54/58€46,065
Deferred charges and accrued income490/1€1,468
Equity and liabilities
Total equity and liabilities10/49€185,581
Equity10/15€91,023
Contributions10/11€3,000
Reserves13€88,023
Distributable reserves133€88,023
Amounts payable17/49€94,558
Amounts payable after more than one year17€24,338
Financial debts170/4€24,338
Amounts payable within one year42/48€70,220
Current portion of amounts payable after more than one year42€8,850
Trade debts44€37,206
Suppliers440/4€37,206
Taxes, remuneration and social security45€24,165
Taxes450/3€24,165
Line2025
Profit (loss) for the period9904€88,023
+ Depreciation and write-downs630€4,268
Operating cash flow (approximation)€92,291

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
30-09-2025 micro format 13-04-2026 2026-00078350 NBB

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