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WSB Projects

Active
Public limited companyfounded 2022active for 4 yearsVredestraat 53, 8790 Waregem, Belgium141 active companies are registered at this addressKBO/BCE: BE 0781.392.012
Summary

The computed 12-month bankruptcy probability of WSB Projects is 1.6% (moderate). The annual accounts of WSB Projects for financial year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €230,134 and a net result of -€377,808. Equity is growing by about 78% per year across the filed financial years. The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, full format

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€377,808
2024 · €1.0m
Working capital
€34,079
2024 · -€5.0m
Trend over the years

2023 to 2025, 3 financial years

The operating result stays negative: a loss of €5,802 in 2025 against €7,792 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.006m 2025 Net result-€0.4m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result-€0.1m--€0.008m▲ 94.3%-€0.006m▲ 25.5%
Net result-€0.5m-€1.0m-€0.4m
Equity-€0.4m-€0.6m€0.2m▼ 62.1%
Total assets€7.6m-€7.7m▲ 1.3%€7.5m▼ 1.8%
Debt€8.0m-€7.1m▼ 11.5%€7.3m▲ 3.4%
Working capital-€1.7m--€5.0m▼ 191%€0.03m
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.5m
Fixed assets €7.5m =
Current assets €40,910 ▼ 77.3%
Equity and liabilities €7.5m
Equity €230,134 ▼ 62.1%
Debt €7.3m ▲ 3.4%
Debt's share of the balance-sheet total rises from 92.1% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
5.99▲
2024 · 0.03
Debt to equity
31.78▲
2024 · 11.64
ROE
-164.2%▼
2024 · 167.6%
ROA
-5.0%▼
2024 · 13.3%
Debt ≤ 1 year
€6,832▼
2024 · €5.2m
Debt > 1 year
€6.9m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet Code20242025
Assets
Total assets20/58€7.7m€7.5m▼
Fixed assets21/28€7.5m€7.5m=
Financial fixed assets28€7.5m€7.5m=
Affiliated companies280/1€7.5m€7.5m=
Participating interests280€7.5m€7.5m=
Current assets29/58€0.2m€0.04m▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€0.2m€0.03m▼
Trade receivables40€0.08m-
Other amounts receivable41€0.09m€0.03m▼
Cash at bank and in hand54/58€0.01m€0.008m▼
Deferred charges and accrued income490/1€0.001m€0.005m▲
Equity and liabilities
Total equity and liabilities10/49€7.7m€7.5m▼
Equity10/15€0.6m€0.2m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.006m€0.006m=
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Profit (loss) carried forward14€0.5m€0.2m▼
Amounts payable17/49€7.1m€7.3m▲
Amounts payable after more than one year17€1.6m€6.9m▲
Financial debts170/4€1.6m€6.9m▲
Credit institutions173€0€5.1m▲
Other loans174€1.6m€1.8m▲
Amounts payable within one year42/48€5.2m€0.007m▼
Financial debts43€5.1m€0▼
Credit institutions430/8€5.1m€0▼
Trade debts44€0.08m€0.007m▼
Suppliers440/4€0.08m€0.007m▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0.3m€0.4m▲
Income statement Code20242025
Operating charges60/66A€0.008m€0.006m▼
Services and other goods61€0.006m€0.004m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€0.002m€0.002m▲
Operating profit (loss)9901-€0.008m-€0.006m▲
Financial income75/76B€1.5m€0.004m▼
Recurring financial income75€1.5m€0.004m▼
Income from financial fixed assets750€1.5m€0▼
Income from current assets751€0.001m€0.004m▲
Financial charges65/66B€0.5m€0.4m▼
Recurring financial charges65€0.5m€0.4m▼
Debt charges650€0.5m€0.4m▼
Other financial charges652/9€476€0.001m▲
Profit (loss) for the period before taxes9903€1.0m-€0.4m▼
Profit (loss) for the period9904€1.0m-€0.4m▼
Profit (loss) for the period to be appropriated9905€1.0m-€0.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.5m€0.2m▼
Profit (loss) brought forward from the previous period14P-€0.5m€0.5m▲
Transfer to equity691/2€0.006m€0▼
To the legal reserve6920€0.006m€0▼

The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Operating charges60/66A-€0.008m€0.006m▼ 25.5%
Services and other goods61-€0.006m€0.004m▼ 33.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.002m€0--
Other operating charges640/8€0.01m€0.002m€0.002m▲ 1.6%
Gross operating margin9900-€0.1m---
Operating profit (loss)9901-€0.1m-€0.008m-€0.006m▲ 25.5%
Financial income75/76B€242€1.5m€0.004m▼ 99.7%
Recurring financial income75€242€1.5m€0.004m▼ 99.7%
Income from financial fixed assets750-€1.5m€0▼ 100%
Income from current assets751-€0.001m€0.004m▲ 653%
Financial charges65/66B€0.3m€0.5m€0.4m▼ 20.5%
Recurring financial charges65€0.3m€0.5m€0.4m▼ 20.5%
Debt charges650-€0.5m€0.4m▼ 20.6%
Other financial charges652/9-€476€0.001m▲ 16.6%
Profit (loss) for the period before taxes9903-€0.5m€1.0m-€0.4m-
Profit (loss) for the period9904-€0.5m€1.0m-€0.4m-
Profit (loss) for the period to be appropriated9905-€0.5m€1.0m-€0.4m-
Line202320242025Change
Assets
Total assets20/58€7.6m€7.7m€7.5m▼ 1.8%
Fixed assets21/28€7.5m€7.5m€7.5m=
Financial fixed assets28€7.5m€7.5m€7.5m=
Affiliated companies280/1-€7.5m€7.5m=
Participating interests280-€7.5m€7.5m=
Current assets29/58€0.08m€0.2m€0.04m▼ 77.3%
Stocks and contracts in progress3-€0€0-
Amounts receivable within one year40/41€0.08m€0.2m€0.03m▼ 83.5%
Trade receivables40€0.08m€0.08m--
Other amounts receivable41-€0.09m€0.03m▼ 70.2%
Cash at bank and in hand54/58€0.008m€0.01m€0.008m▼ 28.2%
Deferred charges and accrued income490/1-€0.001m€0.005m▲ 753%
Equity and liabilities
Total equity and liabilities10/49€7.6m€7.7m€7.5m▼ 1.8%
Equity10/15-€0.4m€0.6m€0.2m▼ 62.1%
Contributions10/11€0.06m€0.06m€0.06m=
Capital10€0.06m€0.06m€0.06m=
Issued capital100€0.06m€0.06m€0.06m=
Reserves13-€0.006m€0.006m=
Non-distributable reserves130/1-€0.006m€0.006m=
Legal reserve130-€0.006m€0.006m=
Profit (loss) carried forward14-€0.5m€0.5m€0.2m▼ 69.9%
Amounts payable17/49€8.0m€7.1m€7.3m▲ 3.4%
Amounts payable after more than one year17€6.0m€1.6m€6.9m▲ 331%
Financial debts170/4€6.0m€1.6m€6.9m▲ 331%
Credit institutions173-€0€5.1m-
Other loans174-€1.6m€1.8m▲ 12.2%
Amounts payable within one year42/48€1.8m€5.2m€0.007m▼ 99.9%
Financial debts43-€5.1m€0▼ 100%
Credit institutions430/8-€5.1m€0▼ 100%
Trade debts44€0.08m€0.08m€0.007m▼ 91.6%
Suppliers440/4€0.08m€0.08m€0.007m▼ 91.6%
Other amounts payable47/48€1.7m€0--
Accrued charges and deferred income492/3€0.2m€0.3m€0.4m▲ 39.2%
Line202320242025Change
Profit (loss) for the period9904-€0.5m€1.0m-€0.4m-
+ Depreciation and write-downs630€0.002m€0--
Operating cash flow (approximation)-€0.5m€1.0m-€0.4m-
Investment in fixed assets (approximation)-€0€0-
Change in cash-€0.003m-€0.003m-

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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Filings with the National Bank (3)
Financial year Type Filed Reference
30-06-2025 full format 15-12-2025 2025-00589860
30-06-2024 full format 20-12-2024 2024-00624933
30-06-2023 abbreviated format 30-01-2024 2024-00024625

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.