Equity
WT-Construct has made a profit in every financial year since 2021.
WT-Construct has made a profit in every financial year since 2021.
The result fell in 2025 from €142,986 to €12,220.
The micro format states no turnover.
In 2025, 5 people joined and 3 left.
The 2021 accounts came latest: 61 days after the end of the period.
More equity than 87% of companies in specialised construction. Sector median €57,716 · 35,168 companies.
In July 2024, 5,047 companies had the same profile as WT-Construct has now. Each dot stands for 13 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for WT-Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| WT-Construct Hasselt | €560,169 | €517,794 | 41.9% | - |
| Tim GOVAERT Gevelrenovatie Hamme (Vl.) | €611,477 | €521,561 | 21.0% | - |
| Bouwcreaties JV Begijnendijk | €756,089 | €432,507 | 42.8% | 4.3 |
| Deconinck Franky Heuvelland | €708,822 | €430,811 | 57.4% | 3.5 |
| TZL Renovatie & Gevelwerken Genk | €626,653 | €467,803 | 53.9% | - |
| KP Algemene Werken Maaseik | €785,782 | €347,651 | 34.0% | - |
| BILL CONSTRUCT Héron | €553,607 | €301,719 | 13.1% | - |
These companies have the same main activity as WT-Construct: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €554,000 and €786,000, founded between 2017 and 2021.
WT-Construct files the micro format. That format states no turnover. The gross margin rose from €207,394 in 2021 to €517,794 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.3m. Estimated: probably between €990,000 and €2.0m.
Higher than 45% of 35,156 companies in 2025.
Higher than 33% of 34,529 companies in 2025.
Higher than 33% of 34,730 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 5 people joined and 3 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
560,169 | 598,859 | 383,841 | 225,615 | 159,836 | |
21/28 |
140,845 | 167,593 | 177,506 | 147,915 | 72,407 | |
21 |
6,023 | 9,055 | 12,087 | 15,119 | 18,151 | |
22/27 |
134,823 | 158,538 | 165,419 | 132,796 | 54,255 | |
23 |
69,719 | 81,845 | 88,805 | 42,395 | 38,586 | |
24 |
65,103 | 76,693 | 76,614 | 90,402 | 15,669 | |
29/58 |
419,324 | 431,267 | 206,335 | 77,700 | 87,430 | |
3 |
101,145 | - | 86,255 | - | - | |
30/36 |
16,206 | - | - | - | - | |
37 |
84,939 | - | 86,255 | - | - | |
40/41 |
235,733 | 343,679 | 109,019 | 34,257 | 26,694 | |
40 |
113,440 | 91,276 | 65,380 | 27,905 | 22,302 | |
41 |
122,293 | 252,403 | 43,638 | 6,353 | 4,392 | |
54/58 |
79,169 | 87,100 | 10,541 | 40,241 | 57,199 | |
490/1 |
3,277 | 488 | 521 | 3,202 | 3,537 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
560,169 | 598,859 | 383,841 | 225,615 | 159,836 | |
10/15 |
234,894 | 222,674 | 79,688 | 78,924 | 24,598 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
231,894 | 219,674 | 76,688 | 75,924 | 21,598 | |
133 |
231,894 | 219,674 | 76,688 | 75,924 | 21,598 | |
17/49 |
325,275 | 376,185 | 304,153 | 146,691 | 135,238 | |
17 |
458 | 9,044 | 54,048 | 84,375 | 39,541 | |
170/4 |
458 | 9,044 | 54,048 | 84,375 | 39,541 | |
42/48 |
324,817 | 362,208 | 250,105 | 62,316 | 95,698 | |
42 |
8,571 | 17,754 | 30,328 | 29,920 | 11,761 | |
44 |
47,421 | 73,393 | 99,675 | 6,095 | 69,610 | |
440/4 |
47,421 | 73,393 | 99,675 | 6,095 | 69,610 | |
45 |
86,814 | 74,458 | 19,812 | 24,745 | 11,183 | |
450/3 |
74,133 | 68,058 | 15,357 | 23,402 | 8,545 | |
454/9 |
12,681 | 6,400 | 4,455 | 1,343 | 2,638 | |
47/48 |
182,011 | 196,604 | 100,290 | 1,556 | 3,144 | |
492/3 |
- | 4,933 | - | - | - | |
| Income statement | ||||||
9900 |
517,794 | 545,022 | 230,907 | 263,724 | 207,394 | |
62 |
423,161 | 280,020 | 178,250 | 149,478 | 153,883 | |
630 |
68,699 | 49,078 | 47,703 | 42,430 | 20,330 | |
640/8 |
2,333 | 1,238 | 1,817 | 1,005 | 1,857 | |
66A |
- | - | 2,459 | - | - | |
9901 |
23,602 | 214,686 | 678 | 70,811 | 31,324 | |
75/76B |
5,932 | 2,782 | 1,540 | 234 | 7 | |
75 |
5,932 | 2,782 | 1,540 | 234 | 7 | |
65/66B |
12,520 | 8,696 | 2,511 | 1,862 | 1,188 | |
65 |
12,520 | 8,696 | 2,511 | 1,862 | 1,188 | |
9903 |
17,015 | 208,772 | -293 | 69,183 | 30,143 | |
67/77 |
4,795 | 65,786 | -1,058 | 14,857 | 8,545 | |
9904 |
12,220 | 142,986 | 764 | 54,326 | 21,598 | |
9905 |
12,220 | 142,986 | 764 | 54,326 | 21,598 | |
| Appropriation of the result | ||||||
9906 |
12,220 | 142,986 | 764 | 54,326 | 21,598 | |
691/2 |
12,220 | 142,986 | 764 | 54,326 | 21,598 | |
6921 |
12,220 | 142,986 | 764 | 54,326 | 21,598 | |
| Social balance sheet | ||||||
9087 |
7.8 | 6.7 | 4.1 | 3 | 3 | |
Hours worked1013 |
11,208 | 7,376 | 4,652 | 4,064 | 4,392 | |
| Document | ||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00449869.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00449869 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00522661 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00487440 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00363481 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20448404 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 92,301 | 263,764 | 48,381 | 113,241 | 51,655 | ||
| 80,919 | 192,064 | 48,468 | 96,756 | 41,928 | ||
| 41,952 | 78,241 | 80,253 | 117,939 | 92,737 | ||
| -7,930 | 76,559 | -29,700 | -16,958 | - | ||
| 94,507 | 69,059 | -43,770 | 15,384 | -8,268 | ||
| 41.9% | 37.2% | 20.8% | 35.0% | 15.4% | ||
| 1.29 | 1.19 | 0.82 | 1.25 | 0.91 | ||
| 0.98 | 1.19 | 0.48 | 1.25 | 0.91 | ||
| 1.38 | 1.69 | 3.82 | 1.86 | 5.50 | ||
| 5.2% | 64.2% | 1.0% | 68.8% | 87.8% | ||
| 2.2% | 23.9% | 0.2% | 24.1% | 13.5% | ||
| 7.37 | 30.33 | 19.27 | 60.82 | 43.48 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 6 | 6 | 3 | 3 |
| full-time | 7 | 6 | 5 | 3 | 3 |
| part-time | 1 | - | 1 | - | - |
| in full-time equivalents | 7.8 | 6 | 5.8 | 3 | 3 |
| 7.8 | 6.7 | 4.1 | 3 | 3 | |
| On a permanent contract | 6 | 5 | 6 | 3 | 3 |
| Joined | 5 | 6 | 4 | - | 3 |
| Left | 3 | 6 | 1 | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €41,952 | €78,241 | €80,253 | €117,939 | €71,512 |
| Intangible fixed assets | - | - | - | - | €21,225 |
| €68,699 | €49,078 | €47,703 | €42,430 | €20,330 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 89% lower than in 2024.
Debt's share of the balance-sheet total falls from 62.8% to 58.1%. Equity is higher and debt is lower.
WT-Construct has no parent and no holdings in its annual accounts. is the only director. WT-Construct shares no director with another company.
| IWS
registered office since 11-08-2008 · founded in 2008 |
total assets €1.1m (2025) 0899.636.693 |
| WILT
registered office since 11-02-2014 · founded in 2014 |
total assets €893,294 (2025) 0545.974.792 |
| Lies Timmermans Architectuur
registered office since 03-03-2015 · founded in 2015 · negative equity (2025) |
total assets €219,677 (2025) 0599.846.812 |
| ARCHITECT'US
registered office since 19-11-2019 · founded in 2019 · negative equity (2025) |
total assets €26,679 (2025) 0737.833.468 |
| W-T
registered office since 23-08-2016 |
founded in 2016 0661.921.070 |
| STAL DOORNEBOS
registered office since 06-06-2016 |
founded in 2016 0655.929.737 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 23 December 2020, WT-Construct was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2025 the registered office moved to Hasselt.3 is director of the company, appointed by deed of 28-12-2020.2 Total assets went from €159,836 in 2021 to €560,169 in 2025 and headcount from 3 to 7.8 full-time equivalents.4
| Establishment | Since | Unit number |
|---|---|---|
| Doornebosstraat 8 registered office 3500 Hasselt | 23-12-2020 | 2.310.946.311 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71052B0252/00P000 | 1.6 ha | 1 · 734 m² | 4.5 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0760.494.648
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