WS Projects
ActiveSummary
The computed 12-month bankruptcy probability of WS Projects is 1.6% (moderate). 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 Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-05-2023 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.345.785.543 9240 Zele, since 04-05-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- BDG VASTGOEDDirector · since 26-04-2023 · permanent representative BRACKE Willem
- STESERDirector · permanent representative SERVAES Steven Peter Richard Annie
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.6%
- Gross margin
- -€2,654
- Loss
- €26,067
- Equity
- -€23,130
- Total assets
- €256,934
- ▼ 39.4%
- Negative equity on 31-12-2025
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.92, cash €516Loss of €26,067 (financial year 2025)lowers riskSize: total assets €256,934No main activity registeredShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 12% of them on solvency, 3% on liquidity, 13% on profitability and 0% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 4 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00444983.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,654, after a profit of €8,694 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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 | ▲ 212% |
| Recurring financial charges65 | €7,522 | €23,443 | ▲ 212% |
| 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 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| 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 | - |
| 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% |
Historical observation
In July 2024, 7,639 companies had the same profile as WS Projects has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WS Projects itself is lower: 1.6% within 12 months. It rests on far more data about WS Projects 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.
| 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 7,639 companies, not a prediction for WS Projects. 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.
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
- SERVAES Steven Peter Richard Annie 50 shares (50%) · €1,000
- BRACKE Willem 50 shares (50%) · €1,000
Capital transactions
- 08-05-2023 Incorporation · €2,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BDG VASTGOED |
|
| STESER |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, algemene vergadering steeds wegens wettige reden zonder opzeggingstermijn of vertrekvergoeding”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, 100”
Articles of association, deed of 08-05-2023 (in Dutch)
Network & group
Connections & network
2 connected companiesTimeline
Acts, filings and financial milestones
08-05
Gazette deed
IncorporationStarting capital €2,000 · Appointments: BDG VASTGOED (director) and STESER (director) · Permanent representatives: BRACKE Willem and SERVAES Steven Peter Richard Annie · Founder12 points ▸
- Founder, SERVAES Steven Peter Richard Annie
- Founder, BRACKE Willem
- Incorporation, “WS Projects” (deed in Dutch)
- Founding capital, €2,000
- Bank account, “BE49 0019 5055 1071, Sint-Niklaas” (deed in Dutch)
- Share issue, “volledig en onvoorwaardelijk geplaatst, Alle inbrengen zijn volledig gestort” (deed in Dutch)
- Registered office clause, “9240 Zele,Lokerenbaan 120b, oprichters” (deed in Dutch)
- Pre-incorporation commitments, “takeover, rechten en verbintenissen uit rechtshandelingen in haar naam en voor haar rekening voor oprichting op heden” (deed in Dutch)
- Director appointment, BDG VASTGOED (director)
- Director appointment, STESER (director)
- Permanent representative, BRACKE Willem
- Permanent representative, SERVAES Steven Peter Richard Annie
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42028A1281/00S003 | Flanders | 3,377 m² | 1 · 2,374 m² | 11.0 m · 2 |