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WRI Engineering

Active
Private limited companyfounded 2021active for 5 yearsFochelstraat 8, 9280 Lebbeke, BelgiumKBO/BCE: BE 0762.532.539

Financials · financial year 2025, micro format

2025 annual accounts filed 5 days after the deadline Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00383861.

Annual accounts 2025 filed on 05-08-2026 at the NBB all 5 filings

Turnover
≈ €250,000
Estimated: probably between €190,000 and €320,000
Total assets
€182,348▼ 18.7%
2024 · €224,176
Net result
€99,129▲ 13.8%
2024 · €87,146
Working capital
€6,620▼ 95.8%
2024 · €156,137
Multi-year overview
2021 to 2025, 5 financial years
Operating result
€122,679
▲ 14.2% 2025
20212025
Net result
€99,129
▲ 13.8% 2025
highest quarter of the sector
20212025
Equity
€14,129
▼ 91.4% 2025
lowest quarter of the sector
20212025
Total assets
€182,348
▼ 18.7% 2025
middle half of the sector
20212025
Debt
€168,219
▲ 185% 2025
20212025
Working capital
€6,620
▼ 95.8% 2025
middle half of the sector
20212025
Solvency
7.7%
▼ 65.9pp 2025
lowest quarter of the sector
20212025
Current ratio
1.04
▼ 2.60 2025
lowest quarter of the sector
20212025
Return on assets (ROA)
54.4%
▲ 15.5pp 2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€63,291-€79,884▲ 26.2%€93,974▲ 17.6%€107,452▲ 14.3%€122,679▲ 14.2%
Net result€45,459above the sector's middle half-€57,514above the sector's middle half▲ 26.5%€75,436above the sector's middle half▲ 31.2%€87,146above the sector's middle half▲ 15.5%€99,129above the sector's middle half▲ 13.8%
Equity€50,459within the sector's middle half-€107,973within the sector's middle half▲ 114%€183,409above the sector's middle half▲ 69.9%€165,096above the sector's middle half▼ 10.0%€14,129below the sector's middle half▼ 91.4%
Total assets€70,087within the sector's middle half-€123,346within the sector's middle half▲ 76.0%€212,980within the sector's middle half▲ 72.7%€224,176within the sector's middle half▲ 5.3%€182,348within the sector's middle half▼ 18.7%
Debt€19,628-€15,373▼ 21.7%€29,571▲ 92.4%€59,080▲ 99.8%€168,219▲ 185%
Working capital€48,386within the sector's middle half-€100,275within the sector's middle half▲ 107%€175,081above the sector's middle half▲ 74.6%€156,137above the sector's middle half▼ 10.8%€6,620within the sector's middle half▼ 95.8%
Solvency72.0%within the sector's middle half-87.5%above the sector's middle half▲ 15.5pp86.1%above the sector's middle half▼ 1.4pp73.6%within the sector's middle half▼ 12.5pp7.7%below the sector's middle half▼ 65.9pp
Current ratio3.47within the sector's middle half-7.52above the sector's middle half▲ 4.066.92above the sector's middle half▼ 0.603.64within the sector's middle half▼ 3.281.04below the sector's middle half▼ 2.60
Return on assets (ROA)64.9%above the sector's middle half-46.6%above the sector's middle half▼ 18.2pp35.4%above the sector's middle half▼ 11.2pp38.9%above the sector's middle half▲ 3.5pp54.4%above the sector's middle half▲ 15.5pp
above within below The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 14% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

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
2025 in colour, 2024 as the grey bar beneath
Assets €182,348
Fixed assets €7,509 ▼ 16.2%
Current assets €174,839 ▼ 18.8%
Equity and liabilities €182,348
Equity €14,129 ▼ 91.4%
Debt €168,219 ▲ 185%
Debt's share of the balance-sheet total rises from 26.4% to 92.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€125,066▲
2024 · €110,058
Cash flow
€101,516▲
2024 · €89,752
Debt to equity
11.91▲
2024 · 0.36
ROE
701.6%▲
2024 · 52.8%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€168,219▲
2024 · €59,080
Income taxes
€26,979▲
2024 · €19,934
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€2,080€6,381€1,360€3,237€937
Depreciation and write-downs of the year€1,199€756€729€2,606€2,386

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€224,176€182,348▼
Fixed assets21/28€8,959€7,509▼
Tangible fixed assets22/27€8,959€7,509▼
Plant, machinery and equipment23€1,527€1,011▼
Furniture and vehicles24€7,432€6,499▼
Current assets29/58€215,217€174,839▼
Amounts receivable within one year40/41€55,335€62,111▲
Trade receivables40€54,547€60,503▲
Other amounts receivable41€788€1,609▲
Current investments50/53€130,000€60,000▼
Cash at bank and in hand54/58€28,760€51,662▲
Deferred charges and accrued income490/1€1,123€1,066▼
Equity and liabilities
Total equity and liabilities10/49€224,176€182,348▼
Equity10/15€165,096€14,129▼
Contributions10/11€5,000€5,000=
Reserves13€57,514-
Distributable reserves133€57,514-
Profit (loss) carried forward14€102,582€9,129▼
Amounts payable17/49€59,080€168,219▲
Amounts payable within one year42/48€59,080€168,219▲
Trade debts44-€302
Suppliers440/4-€302
Taxes, remuneration and social security45€15,733€20,403▲
Taxes450/3€15,733€20,403▲
Other amounts payable47/48€43,347€147,514▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,606€2,386▼
Other operating charges640/8€632€543▼
Gross operating margin9900€110,690€125,608▲
Operating profit (loss)9901€107,452€122,679▲
Financial income75/76B-€3,723
Recurring financial income75-€3,723
Financial charges65/66B€372€294▼
Recurring financial charges65€372€294▼
Profit (loss) for the period before taxes9903€107,080€126,108▲
Income taxes67/77€19,934€26,979▲
Profit (loss) for the period9904€87,146€99,129▲
Profit (loss) for the period to be appropriated9905€87,146€99,129▲
Appropriation of the result
Profit (loss) to be appropriated9906€162,582€201,711▲
Profit (loss) brought forward from the previous period14P€75,436€102,582▲
Transfer from equity791/2€45,459€57,514▲
Profit to be distributed694/7€105,459€250,096▲
Return on contributions (dividend)694€105,459€250,096▲

The notes to these accounts have 5 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.

Source: Annual accounts 2025 at the NBB, filed on 05-08-2026.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,199€756€729€2,606€2,386▼ 8.4%
Other operating charges640/8€216€252€380€632€543▼ 14.1%
Gross operating margin9900€64,706€80,892€95,083€110,690€125,608▲ 13.5%
Operating profit (loss)9901€63,291€79,884€93,974€107,452€122,679▲ 14.2%
Financial income75/76B--€1,224-€3,723-
Recurring financial income75--€1,224-€3,723-
Financial charges65/66B€504€662€511€372€294▼ 21.0%
Recurring financial charges65€504€662€511€372€294▼ 21.0%
Profit (loss) for the period before taxes9903€62,787€79,222€94,686€107,080€126,108▲ 17.8%
Income taxes67/77€17,327€21,708€19,250€19,934€26,979▲ 35.3%
Profit (loss) for the period9904€45,459€57,514€75,436€87,146€99,129▲ 13.8%
Profit (loss) for the period to be appropriated9905€45,459€57,514€75,436€87,146€99,129▲ 13.8%
Line20212022202320242025Change
Assets
Total assets20/58€70,087€123,346€212,980€224,176€182,348▼ 18.7%
Fixed assets21/28€2,074€7,698€8,329€8,959€7,509▼ 16.2%
Tangible fixed assets22/27€2,074€7,698€8,329€8,959€7,509▼ 16.2%
Plant, machinery and equipment23-€1,154€2,057€1,527€1,011▼ 33.8%
Furniture and vehicles24€2,074€6,544€6,272€7,432€6,499▼ 12.6%
Current assets29/58€68,013€115,648€204,652€215,217€174,839▼ 18.8%
Amounts receivable within one year40/41€12,222€21,890€196,118€55,335€62,111▲ 12.2%
Trade receivables40€12,222€21,888€53,895€54,547€60,503▲ 10.9%
Other amounts receivable41-€2€142,224€788€1,609▲ 104%
Current investments50/53---€130,000€60,000▼ 53.8%
Cash at bank and in hand54/58€54,178€92,298€7,673€28,760€51,662▲ 79.6%
Deferred charges and accrued income490/1€1,613€1,460€861€1,123€1,066▼ 5.0%
Equity and liabilities
Total equity and liabilities10/49€70,087€123,346€212,980€224,176€182,348▼ 18.7%
Equity10/15€50,459€107,973€183,409€165,096€14,129▼ 91.4%
Contributions10/11€5,000€5,000€5,000€5,000€5,000=
Reserves13€45,459€102,973€102,973€57,514--
Distributable reserves133€45,459€102,973€102,973€57,514--
Profit (loss) carried forward14--€75,436€102,582€9,129▼ 91.1%
Amounts payable17/49€19,628€15,373€29,571€59,080€168,219▲ 185%
Amounts payable within one year42/48€19,628€15,373€29,571€59,080€168,219▲ 185%
Trade debts44€3,324€493€882-€302-
Suppliers440/4€3,324€493€882-€302-
Taxes, remuneration and social security45€16,043€10,511€28,689€15,733€20,403▲ 29.7%
Taxes450/3€16,043€10,511€28,689€15,733€20,403▲ 29.7%
Other amounts payable47/48€261€4,369-€43,347€147,514▲ 240%
Line20212022202320242025Change
Profit (loss) for the period9904€45,459€57,514€75,436€87,146€99,129▲ 13.8%
+ Depreciation and write-downs630€1,199€756€729€2,606€2,386▼ 8.4%
Operating cash flow (approximation)€46,658€58,270€76,165€89,752€101,516▲ 13.1%
Investment in fixed assets (approximation)--€6,381-€1,360-€3,237-€937▲ 71.1%
Change in cash-€38,120-€84,625€21,087€22,902▲ 8.6%

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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Historical observation

In July 2024, 2,153 companies had the same profile as WRI Engineering has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
96.1% was still going
2.2% stopped otherwise
1.7% went bankrupt

The bankruptcy probability of WRI Engineering itself is lower: 0.1% within 12 months. It rests on far more data about WRI Engineering than the profile alone.

Test of the method

The method was tested on the 497,446 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 2,153 companies, not a prediction for WRI Engineering. 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.

Filings with the National Bank (5)
Financial year Type Filed Reference Document
31-12-2025 micro format 05-08-2026 2026-00383861 PDF
31-12-2024 micro format 31-07-2025 2025-00336099 PDF
31-12-2023 micro format 26-07-2024 2024-00286752 PDF
31-12-2022 micro format 22-08-2023 2023-00356943 PDF
31-12-2021 micro format 28-08-2022 2022-20413439 PDF

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