WSR Projects
ActiveSummary
WSR Projects has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €489k and a net result of €195k. Its solvency ranks better than 85% of 994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+6
Growth78
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.87 against 2.61 in 2024; short-term debt: 12.4% and cash: 31.6% of total assets), and 23.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.9%
Return on assets
30.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-04-2026, 108 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
108 d early
2024
69 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€489k▲ 66.1%
2024 · €295k
2024: €295k
2025: €489k▲ +66.1% vs 2024
2024 → 2025
Total assets
€636k▲ 48.2%
2024 · €429k
2024: €429k
2025: €636k▲ +48.2% vs 2024
2024 → 2025
Net result
€195k▲ 12.0%
2024 · €174k
2024: €174k
2025: €195k▲ +12.0% vs 2024
2024 → 2025
Working capital
€306k▲ 88.1%
2024 · €163k
2024: €163k
2025: €306k▲ +88.1% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€295k-€489k▲ 66.1%
2024: €295k
2025: €489k▲ +66.1% vs 2024
Operating result€254k-€270k▲ 6.6%
2024: €254k
2025: €270k▲ +6.6% vs 2024
Net result€174k-€195k▲ 12.0%
2024: €174k
2025: €195k▲ +12.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €636k
Fixed assets
€251k ▲ 52.1%
Current assets
€385k ▲ 45.8%
Equity and liabilities €636k
Equity
€489k ▲ 66.1%
Debt
€147k ▲ 9.2%
Debt's share of the balance-sheet total falls from 31.3% to 23.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€298k▲
2024 · €276k
Cash flow
€222k▲
2024 · €196k
Current ratio
4.87▲
2024 · 2.61
Debt to equity
0.30▼
2024 · 0.46
ROE
39.8%▼
2024 · 59.0%
ROA
30.6%▼
2024 · 40.5%
Interest coverage
112.28▼
2024 · 137.16
Debt ≤ 1 year
€79k▼
2024 · €101k
Debt > 1 year
€67k▲
2024 · €33k
Income taxes
€76k▼
2024 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€429k€636k▲
Fixed assets21/28€165k€251k▲
Tangible fixed assets22/27€85k€171k▲
Plant, machinery and equipment23€6k€12k▲
Furniture and vehicles24€69k€149k▲
Other tangible fixed assets26€9k€11k▲
Financial fixed assets28€80k€80k=
Current assets29/58€264k€385k▲
Amounts receivable within one year40/41€49k€51k▲
Trade receivables40€48k€48k▼
Other amounts receivable41€1k€3k▲
Current investments50/53-€120k
Cash at bank and in hand54/58€203k€201k▼
Deferred charges and accrued income490/1€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€429k€636k▲
Equity10/15€295k€489k▲
Contributions10/11€2k€2k=
Reserves13€293k€487k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€24k€108k▲
Distributable reserves133€269k€379k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€134k€147k▲
Amounts payable after more than one year17€33k€67k▲
Financial debts170/4€33k€67k▲
Amounts payable within one year42/48€101k€79k▼
Current portion of amounts payable after more than one year42€30k€40k▲
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€66k€30k▼
Taxes450/3€66k€30k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€463€494▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€28k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€278k€299k▲
Operating profit (loss)9901€254k€270k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€252k€271k▲
Income taxes67/77€78k€76k▼
Profit (loss) for the period9904€174k€195k▲
Transfer to tax-exempt reserves689-€84k
Profit (loss) for the period to be appropriated9905€174k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€174k€110k▼
Transfer from equity791/2€44k€0▼
Transfer to equity691/2€174k€110k▼
To other reserves6921€174k€110k▼
Profit to be distributed694/7€44k€0▼
Return on contributions (dividend)694€44k€0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €28k | ▲ 25.8% |
| Other operating charges640/8 | €2k | €1k | ▼ 50.0% |
| Gross operating margin9900 | €278k | €299k | ▲ 7.6% |
| Operating profit (loss)9901 | €254k | €270k | ▲ 6.6% |
| Financial income75/76B | - | €3k | - |
| Recurring financial income75 | - | €3k | - |
| Financial charges65/66B | €2k | €3k | ▲ 32.1% |
| Recurring financial charges65 | €2k | €3k | ▲ 32.1% |
| Profit (loss) for the period before taxes9903 | €252k | €271k | ▲ 7.6% |
| Income taxes67/77 | €78k | €76k | ▼ 2.2% |
| Profit (loss) for the period9904 | €174k | €195k | ▲ 12.0% |
| Transfer to tax-exempt reserves689 | - | €84k | - |
| Profit (loss) for the period to be appropriated9905 | €174k | €110k | ▼ 36.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €429k | €636k | ▲ 48.2% |
| Fixed assets21/28 | €165k | €251k | ▲ 52.1% |
| Tangible fixed assets22/27 | €85k | €171k | ▲ 101% |
| Plant, machinery and equipment23 | €6k | €12k | ▲ 79.5% |
| Furniture and vehicles24 | €69k | €149k | ▲ 115% |
| Other tangible fixed assets26 | €9k | €11k | ▲ 12.7% |
| Financial fixed assets28 | €80k | €80k | = |
| Current assets29/58 | €264k | €385k | ▲ 45.8% |
| Amounts receivable within one year40/41 | €49k | €51k | ▲ 3.2% |
| Trade receivables40 | €48k | €48k | ▼ 0.8% |
| Other amounts receivable41 | €1k | €3k | ▲ 176% |
| Current investments50/53 | - | €120k | - |
| Cash at bank and in hand54/58 | €203k | €201k | ▼ 0.9% |
| Deferred charges and accrued income490/1 | €11k | €12k | ▲ 7.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €429k | €636k | ▲ 48.2% |
| Equity10/15 | €295k | €489k | ▲ 66.1% |
| Contributions10/11 | €2k | €2k | = |
| Reserves13 | €293k | €487k | ▲ 66.5% |
| Non-distributable reserves130/1 | €0 | - | - |
| Reserves not available under the articles1311 | €0 | - | - |
| Tax-exempt reserves132 | €24k | €108k | ▲ 358% |
| Distributable reserves133 | €269k | €379k | ▲ 41.0% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €134k | €147k | ▲ 9.2% |
| Amounts payable after more than one year17 | €33k | €67k | ▲ 106% |
| Financial debts170/4 | €33k | €67k | ▲ 106% |
| Amounts payable within one year42/48 | €101k | €79k | ▼ 22.0% |
| Current portion of amounts payable after more than one year42 | €30k | €40k | ▲ 33.2% |
| Trade debts44 | €5k | €8k | ▲ 78.3% |
| Suppliers440/4 | €5k | €8k | ▲ 78.3% |
| Taxes, remuneration and social security45 | €66k | €30k | ▼ 54.5% |
| Taxes450/3 | €66k | €30k | ▼ 54.5% |
| Remuneration and social security454/9 | €0 | - | - |
| Other amounts payable47/48 | €0 | - | - |
| Accrued charges and deferred income492/3 | €463 | €494 | ▲ 6.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €174k | €195k | ▲ 12.0% |
| + Depreciation and write-downs630 | €22k | €28k | ▲ 25.8% |
| Operating cash flow (approximation) | €196k | €222k | ▲ 13.5% |
| Investment in fixed assets (approximation) | - | €-114k | - |
| Change in cash | - | €-2k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Beernem · 1 establishment unit since 2014
Ground area
631 m²
Building footprint
102 m²
Volume, LiDAR
640 m³
Parcel 31003F0906/00T000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WSR Projects
since 20142.232.654.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003F0906/00T000 | Flanders | 631 m² | 1 · 102 m² | 7.9 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400G74BWFQGZAAR97
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 788 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
43331Floor and wall tiling
Contact
E-mail
wesley.roelstraete@telenet.beBeernem
Scores and ratios are computed by Checked and are not a credit decision.