WSB Projects
ActiveSummary
The computed 12-month bankruptcy probability of WSB Projects is 1.9% (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.
Overview
- Equity
- €230,134
- Loss
- -€377,808
- Largest shareholder
- DYLS · 33.33%
- Board
- 6 members
- Holdings
- 1
Why 53raises risk1 change of registered office in 24 monthsLiquidity: current ratio 5.99, cash €8,192Founded in 2022lowers riskSize: total assets €7.5mShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, small): better than 15% on solvency, 48% on liquidity, 16% on profitability and 5% on growth.
The bankruptcy probability was computed on 20-10-2026 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
This company filed its last 3 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Resignations: PUTTEMANS Yves, VAN ETTERIJK Dominique…Appointments: VANFLETEREN Kristof, DEMUYNCK Davy…
- Annual accounts filedfinancial year 2025 · full…
- Liquidity more than 172 timescurrent ratio 5.99
Financials · financial year 2025, full format
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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| 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 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| 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% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| 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.
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.
Directors
Board 6
Permanent representatives 4
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DEMUYNCK Davy |
|
| DYLS |
|
| GAMBIET |
|
| Kolmont Development |
|
| ODELOU |
|
| VANFLETEREN Kristof |
|
| PUTTEMANS Sarah |
|
| PUTTEMANS Yves |
|
| VAN ETTERIJK Dominique |
|
Owners and capital
Owners
3 ownersOwners 3
- Sourceaccounts DYLS 202533.33%
-
33.33%
-
33.33%
According to the annual accounts to 30-06-2025 of WSB Projects and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 07-07-2026 Capital increase of €2,124,000 · to €2,185,500 · 4,146 new shares · “inbreng schuldvordering aandeelhouders”
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- Van Eyck ResidentiesubsidiaryEquity €475,944Result €166,421100%
According to the annual accounts to 30-06-2025 of WSB Projects and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
18 connected companiesShow 14 more companies with a shared director
History
Acts, filings and financial milestones
07-07
Gazette deed
Resignations: PUTTEMANS Yves, VAN ETTERIJK Dominique and PUTTEMANS SarahAppointments: VANFLETEREN Kristof, DEMUYNCK Davy and 4 others · Permanent representatives: PUTTEMANS Yves, VAN ETTERIJK Dominique and 2 others · Capital increase40 facts ▸
- Capital increase, €2,124,000
- Other provision, “alle aandeelhouders individueel, kapitaalverhoging” (deed in Dutch)
- Other provision, “geen nieuwe soort,evenredige uitgifte binnen elke soort” (deed in Dutch)
- Amendment of the articles, 5 (2 times)
- Other provision, “een vierde storten,rest binnen 5 jaar na besluit kapitaalverhoging, volstorting inbreng natura” (deed in Dutch)
- Share issue, “op naam zonder nominale waarde,gelijk aan bestaande”, EUR (deed in Dutch)
- Capital contribution
- Capital, €2,185,500 (2 times)
- Amendment of the articles (2 times)
- Director resignation, PUTTEMANS Yves (director)
- Director resignation, VAN ETTERIJK Dominique (director)
- Director resignation, PUTTEMANS Sarah (director)
- +28 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34452B1150/00A000 | Flanders | 1.1 ha | 1 · 581 m² | 5.1 m |
| 24502B0963/00X000 | Flanders | 1,410 m² | 1 · 347 m² | 20.2 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- WSB PROJECTS
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “(D) het aangaan van enige rechtshandeling die de Vennootschap verbindt voor een bedrag van meer dan VIJFTIGDUIZEND EURO (€ 50.000,00)…”
- Board ruleHow the board is made up, meets and takes decisions.
- “6, A-Bestuurders” (deed in Dutch)“Onder A-Bestuurders, vanaf zes bestuurders benoemd” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of December at 18:00