WS CONSTRUCTION
ActiveWS CONSTRUCTION has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63k and a net result of €2k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
61
/ 100
Healthy▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability17▼-20
Solvency38▲+9
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.09 in 2023), and 76.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 43
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
23.8%
Return on assets
0.8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
34 d early
2022
35 d early
2021
34 d early
2020
24 d early
2019
6 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€63k▲ 3.4%
2023 · €61k
2018: €26k
2019: €35k
2020: €57k
2021: €61k
2022: €56k
2023: €61k
2018 → 2024
Total assets
€265k▼ 9.5%
2023 · €293k
2018: €121k
2019: €158k
2020: €166k
2021: €230k
2022: €209k
2023: €293k
2018 → 2024
Net result
€2k▼ 53.7%
2023 · €5k
2018: €13k
2019: €9k
2020: €22k
2021: €4k
2022: €-5k
2023: €5k
2018 → 2024
Working capital
€19k▲ 41.9%
2023 · €13k
2018: €18k
2019: €34k
2020: €56k
2021: €24k
2022: €24k
2023: €13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€57k-€61k▲ 7.2%€56k▼ 7.9%€61k▲ 8.0%€63k▲ 3.4%
Operating result€33k-€9k▼ 72.0%€-2€10k€10k▼ 6.0%
Net result€22k-€4k▼ 81.4%€-5k€5k€2k▼ 53.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €265k
Fixed assets
€101k▼ 24.8%
Current assets
€163k▲ 3.5%
Equity and liabilities €265k
Equity
€63k▲ 3.4%
Debt
€202k▼ 12.9%
The debt ratio falls from 79.2% to 76.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€47k▲
2023 · €45k
Cash flow
€39k▲
2023 · €39k
Solvency
23.8%▲
2023 · 20.8%
Current ratio
1.13▲
2023 · 1.09
Quick ratio
1.13▲
2023 · 1.09
Debt / equity
3.21▼
2023 · 3.81
ROE
3.3%▼
2023 · 7.4%
ROA
0.8%▼
2023 · 1.5%
Interest coverage
5.71▼
2023 · 7.51
Debt
€202k▼
2023 · €232k
Debt ≤ 1 year
€145k▼
2023 · €145k
Debt > 1 year
€57k▼
2023 · €87k
Income taxes
€769▲
2023 · €450
Staff costs
€239k▲
2023 · €188k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€293k€265k▼
Fixed assets21/28€135k€101k▼
Tangible fixed assets22/27€131k€98k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€2k€630▼
Leasing and similar rights25€122k€91k▼
Financial fixed assets28€4k€3k▼
Current assets29/58€158k€163k▲
Amounts receivable within one year40/41€156k€161k▲
Trade receivables40€119k€119k▲
Other amounts receivable41€37k€42k▲
Cash at bank and in hand54/58€1k€1k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€293k€265k▼
Equity10/15€61k€63k▲
Contributions10/11€19k€19k=
Reserves13€42k€44k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€42k€44k▲
Amounts payable17/49€232k€202k▼
Amounts payable after more than one year17€87k€57k▼
Financial debts170/4€87k€57k▼
Amounts payable within one year42/48€145k€145k▼
Current portion of amounts payable after more than one year42€30k€30k▲
Financial debts43-€23k
Credit institutions430/8-€23k
Trade debts44€55k€34k▼
Suppliers440/4€55k€34k▼
Taxes, remuneration and social security45€50k€58k▲
Taxes450/3€12k€8k▼
Remuneration and social security454/9€38k€50k▲
Other amounts payable47/48€11k€0▼
Income statement
Code20232024
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€188k€239k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€37k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€753€0▼
Gross operating margin9900€235k€287k▲
Operating profit (loss)9901€10k€10k▼
Financial income75/76B€543€1k▲
Recurring financial income75€543€1k▲
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€5k€3k▼
Income taxes67/77€450€769▲
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€2k▼
Transfer from equity791/2€0-
Transfer to equity691/2€5k€2k▼
To other reserves6921€5k€2k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-5k ▼219%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €22k ▲144%
Operating result €33k, net result €22k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tienen · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groot Overlaar(HGD) 1093300 TienenGround area
539 m²
Building footprint
248 m²
Volume, LiDAR
1,075 m³
Parcel 24081I0043/00S002, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WS CONSTRUCTION
since 20082.167.960.985
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24081I0043/00S002 | Flanders | 539 m² | 1 · 248 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 342 EUR awarded · 342 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 342 EUR |
| 2022 | 1 | 342 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,084. 7,521 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2007
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.