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WSW

Active
Private limited companyfounded 201412 yrs activeGuldenstraat 47, 1770 Liedekerke, BelgiumKBO/BCE: BE 0544.379.638
Summary

WSW has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,799 and a net result of €2,040. Its solvency ranks better than 70% of 7625 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes
Profitability71
Solvency87
Growth-
Track record85
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.39; short-term debt: 37.7% and cash: 12.3% of total assets), and 37.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
62.3%
Return on assets
1.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
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 01-07-2026, 30 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
30 d early
2024
329 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 150 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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 months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

WSW was incorporated on 14 January 2014.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€66,799
Total assets
€107,290
Net result
€2,040
Working capital
€56,188

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €107,290
Fixed assets €10,611
Current assets €96,679
Equity and liabilities €107,290
Equity €66,799
Debt €40,491
Debt finances 37.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€5,068
Cash flow
€5,300
Current ratio
2.39
Debt to equity
0.61
ROE
3.1%
ROA
1.9%
Interest coverage
6.01
Debt ≤ 1 year
€40,491
Income taxes
€727

Peer companies

Historical observation

Of the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.7% went bankrupt
4.0% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 47 lines
Balance sheet Code2025
Assets
Total assets20/58€107,290
Fixed assets21/28€10,611
Tangible fixed assets22/27€10,611
Plant, machinery and equipment23€5,798
Furniture and vehicles24€4,813
Current assets29/58€96,679
Amounts receivable after more than one year29€36,232
Other amounts receivable291€36,232
Amounts receivable within one year40/41€45,357
Trade receivables40€6,700
Other amounts receivable41€38,657
Cash at bank and in hand54/58€13,229
Deferred charges and accrued income490/1€1,861
Equity and liabilities
Total equity and liabilities10/49€107,290
Equity10/15€66,799
Contributions10/11€1,000
Reserves13€67,402
Non-distributable reserves130/1€100
Reserves not available under the articles1311€100
Distributable reserves133€67,302
Profit (loss) carried forward14-€1,603
Amounts payable17/49€40,491
Amounts payable within one year42/48€40,491
Trade debts44€2,356
Suppliers440/4€2,356
Taxes, remuneration and social security45€7,735
Taxes450/3€7,735
Other amounts payable47/48€30,400
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,260
Other operating charges640/8€1,065
Gross operating margin9900€6,133
Operating profit (loss)9901€1,808
Financial income75/76B€1,802
Recurring financial income75€1,802
Financial charges65/66B€843
Recurring financial charges65€843
Profit (loss) for the period before taxes9903€2,767
Income taxes67/77€727
Profit (loss) for the period9904€2,040
Profit (loss) for the period to be appropriated9905€2,040
Appropriation of the result
Profit (loss) to be appropriated9906€397
Profit (loss) brought forward from the previous period14P-€1,643
Transfer from equity791/2€32,000
Transfer to equity691/2€2,000
To other reserves6921€2,000
Profit to be distributed694/7€32,000
Return on contributions (dividend)694€32,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,260
Other operating charges640/8€1,065
Gross operating margin9900€6,133
Operating profit (loss)9901€1,808
Financial income75/76B€1,802
Recurring financial income75€1,802
Financial charges65/66B€843
Recurring financial charges65€843
Profit (loss) for the period before taxes9903€2,767
Income taxes67/77€727
Profit (loss) for the period9904€2,040
Profit (loss) for the period to be appropriated9905€2,040
Line2025
Assets
Total assets20/58€107,290
Fixed assets21/28€10,611
Tangible fixed assets22/27€10,611
Plant, machinery and equipment23€5,798
Furniture and vehicles24€4,813
Current assets29/58€96,679
Amounts receivable after more than one year29€36,232
Other amounts receivable291€36,232
Amounts receivable within one year40/41€45,357
Trade receivables40€6,700
Other amounts receivable41€38,657
Cash at bank and in hand54/58€13,229
Deferred charges and accrued income490/1€1,861
Equity and liabilities
Total equity and liabilities10/49€107,290
Equity10/15€66,799
Contributions10/11€1,000
Reserves13€67,402
Non-distributable reserves130/1€100
Reserves not available under the articles1311€100
Distributable reserves133€67,302
Profit (loss) carried forward14-€1,603
Amounts payable17/49€40,491
Amounts payable within one year42/48€40,491
Trade debts44€2,356
Suppliers440/4€2,356
Taxes, remuneration and social security45€7,735
Taxes450/3€7,735
Other amounts payable47/48€30,400
Line2025
Profit (loss) for the period9904€2,040
+ Depreciation and write-downs630€3,260
Operating cash flow (approximation)€5,300

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
25-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 329 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Liedekerke · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
487 m²
Building footprint
149 m²
Volume, LiDAR
761 m³
Parcel 23044A0296/00Y000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WSW
Guldenstraat 47, 1770 LiedekerkeGeneral construction of buildings
since 20142.226.595.408
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23044A0296/00Y000 Flanders 487 m² 1 · 149 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.

Similar companies · same sector, comparable size

Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 13,237 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
Founded14-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43240Other construction installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0544379638
Registered 20-11-2020

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.