Financials
- Financial year
- 2025
- Total assets
- €458,745
- Loss
- -€15,981
- Solvency
- 23.1%
Turnover▲ 156%
Net result
20222023
WSB HOLDINGS
ActiveThe file of WSB HOLDINGS contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 0.9% (low). The 2025 annual accounts show equity of €105,996 and a net result of -€15,981. Equity is shrinking by about 3% per year across the filed financial years. Its solvency ranks better than 36% of 5,708 sector peers (NACE 68, financial year 2025).
Overview
Activity
Development of residential building projects
NACE 68121
1 site
Size
€458,745total assets 2025
- Equity
- €105,996
- Loss
- -€15,981
Structure
- Holdings
- 2
Accounts filed 61 days late0 of 10 deeds read
Why 66raises riskLatest accounts 61 days late; 3 of the last 3 late1 change of registered office in 24 monthslowers riskSize: total assets €458,745Founded in 1991Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 25% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Weak
Solvency
48-6
equity 23.1% of total assets
Liquidity
18-19
short-term debt 66.7% · cash 3.1%
Profitability
14+14
return on assets -3.5%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.5%
12-2024: 4.5%● unchanged vs 11-2024
01-2025: 4.5%● unchanged vs 12-2024
02-2025: 4.5%● unchanged vs 01-2025
05-2025: 4.5%
06-2025: 4.5%● unchanged vs 05-2025
07-2025: 4.5%● unchanged vs 06-2025
08-2025: 6.0%▲ +1.5 percentage points vs 07-2025highest value
09-2025: 6.0%● unchanged vs 08-2025highest value
10-2025: 6.0%● unchanged vs 09-2025highest value
11-2025: 6.0%● unchanged vs 10-2025highest value
12-2025: 6.0%● unchanged vs 11-2025highest value
01-2026: 6.0%● unchanged vs 12-2025highest value
02-2026: 6.0%● unchanged vs 01-2026highest value
03-2026: 6.0%● unchanged vs 02-2026highest value
04-2026: 6.0%● unchanged vs 03-2026highest value
05-2026: 5.4%▼ -0.6 percentage points vs 04-2026
06-2026: 5.1%▼ -0.3 percentage points vs 05-2026
07-2026: 5.1%● unchanged vs 06-2026
08-2026: 5.5%▲ +0.4 percentage points vs 07-2026
09-2026: 5.9%▲ +0.4 percentage points vs 08-2026
10-2026: 0.9%▼ -5.0 percentage points vs 09-2026lowest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions
Liquidity insufficient (current ratio 0.59, compared with 0.54 in 2024; short-term debt: 66.7% and cash: 3.1% of total assets), and 76.9% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 68, micro): better than 43% on solvency, 15% on liquidity, 17% on profitability and 25% on growth.
The bankruptcy probability was computed on 08-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€15,981
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
263 days late
2023
608 days late
2022
974 days late
2021
31 days late
2020
31 days late
2019
101 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 296 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 April (4 of the last 5 filed years within 346 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Key points
By topic
Network & group
- Subsidiaries
- 1
- Holdings
- 2
2 holdings
Timeline
- Events
- 40
- Since
- 1993
- Next accounts
- by 31-07-2027
- 31-03-2026Annual accounts filed
- 11-04-2025Bankruptcy reversal
- 26-02-2025Opening
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 10-07-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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