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WS Projects

Active
Private limited companyfounded 20233 yrs activeLokerenbaan 120b, 9240 Zele, BelgiumKBO/BCE: BE 0801.436.269
Summary

The computed 12-month bankruptcy probability of WS Projects is 4.2% (elevated). The 2025 annual accounts show negative equity (-€23,130) and a net result of -€26,067. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability12▼-26
Solvency16▼-10
Growth32
Track record94
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 1.01 in 2024; short-term debt: 109% and cash: 0.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Solvency, return and age of the figures
Solvency
-9%
Return on assets
-10.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€23,130
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
28 d late
2024
21 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

WS Projects was incorporated on 4 May 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€23,130
2024 · €2,937
Total assets
€256,934▼ 39.4%
2024 · €424,158
Net result
-€26,067
2024 · €937
Working capital
-€23,130
2024 · €2,937
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
Line20242025
Operating result€8,694--€2,654
Net result€937--€26,067
Equity€2,937--€23,130
Total assets€424,158-€256,934▼ 39.4%
Debt€421,221-€280,063▼ 33.5%
Working capital€2,937--€23,130
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0€10,000Operating result 2024: €8,694€8,694Net result 2024: €937€937Operating result 2025: -€2,654-€2,654Net result 2025: -€26,067-€26,06720242025-€30,000-€20,000-€10,000€0€10,000Operating result 2024: €8,694€8,690Net result 2024: €937€937Operating result 2025: -€2,654-€2,650Net result 2025: -€26,067-€26,10020242025
The operating result turns negative in 2025: a loss of €2,654 after €8,694 in 2024.
Key figures and ratios
2025 value · change against 2024
Solvency
-9.0%▼
2024 · 0.7%
Current ratio
0.92▼
2024 · 1.01
Quick ratio
0.05▲
2024 · 0.03
Debt to equity
-12.11
ROA
-10.1%▼
2024 · 0.2%
Debt ≤ 1 year
€280,063▼
2024 · €421,221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.4% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 7,663 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 · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€424,158€256,934▼
Current assets29/58€424,158€256,934▼
Stocks and contracts in progress3€412,002€243,687▼
Stocks30/36€412,002€243,687▼
Amounts receivable within one year40/41€12,000€12,000=
Trade receivables40€12,000€12,000=
Cash at bank and in hand54/58€156€516▲
Deferred charges and accrued income490/1-€731
Equity and liabilities
Total equity and liabilities10/49€424,158€256,934▼
Equity10/15€2,937-€23,130▼
Contributions10/11€2,000€2,000=
Reserves13€937€937=
Distributable reserves133€937€937=
Profit (loss) carried forward14--€26,067
Amounts payable17/49€421,221€280,063▼
Amounts payable within one year42/48€421,221€280,063▼
Financial debts43€316,000-
Credit institutions430/8€316,000-
Trade debts44€387-
Suppliers440/4€387-
Taxes, remuneration and social security45€234€234=
Taxes450/3€234€234=
Other amounts payable47/48€104,599€279,829▲
Income statement Code20242025
Gross operating margin9900€8,694-€2,654▼
Operating profit (loss)9901€8,694-€2,654▼
Financial income75/76B-€30
Recurring financial income75-€30
Financial charges65/66B€7,522€23,443▲
Recurring financial charges65€7,522€23,443▲
Profit (loss) for the period before taxes9903€1,172-€26,067▼
Income taxes67/77€234-
Profit (loss) for the period9904€937-€26,067▼
Profit (loss) for the period to be appropriated9905€937-€26,067▼
Appropriation of the result
Profit (loss) to be appropriated9906€937-€26,067▼
Transfer to equity691/2€937-
To other reserves6921€937-

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Gross operating margin9900€8,694-€2,654▼ 131%
Operating profit (loss)9901€8,694-€2,654▼ 131%
Financial income75/76B-€30-
Recurring financial income75-€30-
Financial charges65/66B€7,522€23,443▲ 212%
Recurring financial charges65€7,522€23,443▲ 212%
Profit (loss) for the period before taxes9903€1,172-€26,067▼ 2,325%
Income taxes67/77€234--
Profit (loss) for the period9904€937-€26,067▼ 2,881%
Profit (loss) for the period to be appropriated9905€937-€26,067▼ 2,881%
Line20242025Change
Assets
Total assets20/58€424,158€256,934▼ 39.4%
Current assets29/58€424,158€256,934▼ 39.4%
Stocks and contracts in progress3€412,002€243,687▼ 40.9%
Stocks30/36€412,002€243,687▼ 40.9%
Amounts receivable within one year40/41€12,000€12,000=
Trade receivables40€12,000€12,000=
Cash at bank and in hand54/58€156€516▲ 231%
Deferred charges and accrued income490/1-€731-
Equity and liabilities
Total equity and liabilities10/49€424,158€256,934▼ 39.4%
Equity10/15€2,937-€23,130▼ 887%
Contributions10/11€2,000€2,000=
Reserves13€937€937=
Distributable reserves133€937€937=
Profit (loss) carried forward14--€26,067-
Amounts payable17/49€421,221€280,063▼ 33.5%
Amounts payable within one year42/48€421,221€280,063▼ 33.5%
Financial debts43€316,000--
Credit institutions430/8€316,000--
Trade debts44€387--
Suppliers440/4€387--
Taxes, remuneration and social security45€234€234=
Taxes450/3€234€234=
Other amounts payable47/48€104,599€279,829▲ 168%
Line20242025Change
Profit (loss) for the period9904€937-€26,067▼ 2,881%
Operating cash flow (approximation)€937-€26,067▼ 2,881%
Change in cash-€360-

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
10-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Zele · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,377 m²
Building footprint
2,374 m²
Volume, LiDAR
10,875 m³
Parcel 42028A1281/00S003, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WS Projects
Lokerenbaan 120b, 9240 ZeleConstruction of residential and non-residential buildings
since 20232.345.785.543
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42028A1281/00S003 Flanders 3,377 m² 1 · 2,374 m² 11.0 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded04-05-2023
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.