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WT PROJECTS

Active
Private limited company (pre-2019)founded 2015active for 10 yearsZiekelingenstraat 43, 3000 Leuven, BelgiumKBO/BCE: BE 0644.497.890
Summary

WT PROJECTS has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,349 and a net result of €6,879. Equity is shrinking by about 6% per year across the filed financial years. Its solvency ranks better than 89% of 16,933 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (13 days) Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00396001.

Equity
€38,349▲ 21.9%
2024 · €31,470
Total assets
€44,777▲ 9.5%
2024 · €40,899
Net result
€6,879
2024 · -€5,259
Working capital
€38,349▲ 21.9%
2024 · €31,470
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result returns to profit in 2025: €6,295 after a loss of €5,840 in 2024, the highest result in the available series.

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

Operating result€6,295 2025 Net result€6,879 2025

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

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€10,279-€51,612-€27,047-€4,253▲ 84.3%-€837▲ 80.3%-€5,223▼ 524%-€5,840▼ 11.8%€6,295
Net result-€31,327-€29,802-€27,126below the sector's middle half-€4,269within the sector's middle half▲ 84.3%-€551within the sector's middle half▲ 87.1%-€4,638within the sector's middle half▼ 742%-€5,259within the sector's middle half▼ 13.4%€6,879within the sector's middle half
Equity€43,510-€73,313▲ 68.5%€46,186within the sector's middle half▼ 37.0%€41,918within the sector's middle half▼ 9.2%€41,367within the sector's middle half▼ 1.3%€36,729within the sector's middle half▼ 11.2%€31,470within the sector's middle half▼ 14.3%€38,349within the sector's middle half▲ 21.9%
Total assets€681,998-€238,260▼ 65.1%€52,225below the sector's middle half▼ 78.1%€48,068below the sector's middle half▼ 8.0%€42,334below the sector's middle half▼ 11.9%€40,415below the sector's middle half▼ 4.5%€40,899below the sector's middle half▲ 1.2%€44,777below the sector's middle half▲ 9.5%
Debt€638,488-€164,948▼ 74.2%€6,039▼ 96.3%€6,150▲ 1.8%€967▼ 84.3%€3,686▲ 281%€9,429▲ 156%€6,429▼ 31.8%
Working capital€616,959-€73,313▼ 88.1%€46,186within the sector's middle half▼ 37.0%€41,918within the sector's middle half▼ 9.2%€41,367within the sector's middle half▼ 1.3%€36,729within the sector's middle half▼ 11.2%€31,470within the sector's middle half▼ 14.3%€38,349within the sector's middle half▲ 21.9%
Solvency6.4%-30.8%▲ 24.4pp88.4%above the sector's middle half▲ 57.7pp87.2%above the sector's middle half▼ 1.2pp97.7%above the sector's middle half▲ 10.5pp90.9%above the sector's middle half▼ 6.8pp76.9%above the sector's middle half▼ 13.9pp85.6%above the sector's middle half▲ 8.7pp
Current ratio10.49-1.44▼ 9.048.65above the sector's middle half▲ 7.207.82above the sector's middle half▼ 0.8343.76above the sector's middle half▲ 35.9510.96above the sector's middle half▼ 32.804.34above the sector's middle half▼ 6.636.97above the sector's middle half▲ 2.63
Return on assets (ROA)-4.6%-12.5%▲ 17.1pp-51.9%below the sector's middle half▼ 64.4pp-8.9%below the sector's middle half▲ 43.1pp-1.3%within the sector's middle half▲ 7.6pp-11.5%below the sector's middle half▼ 10.2pp-12.9%below the sector's middle half▼ 1.4pp15.4%above the sector's middle half▲ 28.2pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €44,777
Equity €38,349 ▲ 21.9%
Debt €6,429 ▼ 31.8%
Debt's share of the balance-sheet total falls from 23.1% to 14.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.17▼
2024 · 0.30
ROE
17.9%▲
2024 · -16.7%
Debt ≤ 1 year
€6,429▼
2024 · €9,429
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,473 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 74.5% 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 34,695 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 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€40,899€44,777▲
Current assets29/58€40,899€44,777▲
Amounts receivable after more than one year29€40,000€40,000=
Other amounts receivable291€40,000€40,000=
Amounts receivable within one year40/41€645-
Other amounts receivable41€645-
Cash at bank and in hand54/58€253€4,777▲
Equity and liabilities
Total equity and liabilities10/49€40,899€44,777▲
Equity10/15€31,470€38,349▲
Contributions10/11€98,000€98,000=
Profit (loss) carried forward14-€66,530-€59,651▲
Amounts payable17/49€9,429€6,429▼
Amounts payable within one year42/48€9,429€6,429▼
Trade debts44€1,162€260▼
Suppliers440/4€1,162€260▼
Taxes, remuneration and social security45-€1,149
Taxes450/3-€1,149
Other amounts payable47/48€8,267€5,020▼
Income statement Code20242025
Other operating charges640/8-€791
Gross operating margin9900-€5,840€7,086▲
Operating profit (loss)9901-€5,840€6,295▲
Financial income75/76B€624€624=
Recurring financial income75€624€624=
Financial charges65/66B€44€40▼
Recurring financial charges65€44€40▼
Profit (loss) for the period before taxes9903-€5,259€6,879▲
Profit (loss) for the period9904-€5,259€6,879▲
Profit (loss) for the period to be appropriated9905-€5,259€6,879▲
Appropriation of the result
Profit (loss) to be appropriated9906-€66,530-€59,651▲
Profit (loss) brought forward from the previous period14P-€61,271-€66,530▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Other operating charges640/8---€7€710€384-€791-
Gross operating margin9900-€7,697€53,774-€26,700-€4,246-€127-€4,838-€5,840€7,086-
Operating profit (loss)9901-€10,279€51,612-€27,047-€4,253-€837-€5,223-€5,840€6,295-
Financial income75/76B----€325€624€624€624=
Recurring financial income75----€325€624€624€624=
Financial charges65/66B---€15€39€39€44€40▼ 7.1%
Recurring financial charges65€21,048€21,809€79€15€39€39€44€40▼ 7.1%
Profit (loss) for the period before taxes9903-€31,327€29,802-€27,126-€4,269-€551-€4,638-€5,259€6,879-
Profit (loss) for the period9904-€31,327€29,802-€27,126-€4,269-€551-€4,638-€5,259€6,879-
Profit (loss) for the period to be appropriated9905-€31,327€29,802-€27,126-€4,269-€551-€4,638-€5,259€6,879-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€681,998€238,260€52,225€48,068€42,334€40,415€40,899€44,777▲ 9.5%
Current assets29/58€681,998€238,260€52,225€48,068€42,334€40,415€40,899€44,777▲ 9.5%
Amounts receivable after more than one year29----€25,000€40,000€40,000€40,000=
Other amounts receivable291----€25,000€40,000€40,000€40,000=
Stocks and contracts in progress3€593,800€210,000€10,000€10,000-----
Stocks30/36---€10,000-----
Amounts receivable within one year40/41€287-€31,898€30,299€105€126€645--
Other amounts receivable41---€30,299€105€126€645--
Cash at bank and in hand54/58€87,691€28,260€10,328€7,769€17,229€289€253€4,777▲ 1,787%
Equity and liabilities
Total equity and liabilities10/49€681,998€238,260€52,225€48,068€42,334€40,415€40,899€44,777▲ 9.5%
Equity10/15€43,510€73,313€46,186€41,918€41,367€36,729€31,470€38,349▲ 21.9%
Contributions10/11€98,000€98,000-€98,000€98,000€98,000€98,000€98,000=
Profit (loss) carried forward14-€54,490-€24,687-€51,814-€56,082-€56,633-€61,271-€66,530-€59,651▲ 10.3%
Amounts payable17/49€638,488€164,948€6,039€6,150€967€3,686€9,429€6,429▼ 31.8%
Amounts payable after more than one year17€573,449--------
Amounts payable within one year42/48€65,039€164,948€6,039€6,150€967€3,686€9,429€6,429▼ 31.8%
Trade debts44€68€118-€805€417-€1,162€260▼ 77.6%
Suppliers440/4---€805€417-€1,162€260▼ 77.6%
Taxes, remuneration and social security45-------€1,149-
Taxes450/3-------€1,149-
Other amounts payable47/48---€5,346€550€3,686€8,267€5,020▼ 39.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€31,327€29,802-€27,126-€4,269-€551-€4,638-€5,259€6,879-
Operating cash flow (approximation)-€31,327€29,802-€27,126-€4,269-€551-€4,638-€5,259€6,879-
Change in cash--€59,430-€17,933-€2,558€9,460-€16,940-€36€4,524-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (10)
Financial year Type Filed Reference
31-12-2025 micro format 13-08-2026 2026-00396001
31-12-2024 micro format 15-08-2025 2025-00377567
31-12-2023 micro format 26-09-2024 2024-00473271
31-12-2022 micro format 30-09-2023 2023-00470360
31-12-2021 micro format 14-07-2022 2022-20184310
31-12-2020 micro format 05-07-2021 2021-30800171
31-12-2019 micro format 13-11-2020 2020-70200400
31-12-2018 micro format 14-09-2019 2019-64400215
31-12-2017 abbreviated format 30-09-2018 2018-67600474
31-12-2016 abbreviated format 30-06-2017 2017-24500426

Similar companies · same sector, comparable size

Of the 1,271 active companies whose main activity is development of non-residential building projects (NACE 68122), figures are known for 900. 440 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

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