WT-Services
ActiveFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
WT-Services has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,000 and a net result of €82,950. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 11,760 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Official details
KBO- Status
- Active since 06-12-2022 Normal situation
- Legal form
- Private limited company
- Registered office
- Zavel 19, 9280 Lebbeke
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 3 others
- Establishment unit
- 2.338.794.615 9280 Lebbeke, since 06-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €119,410
- ▲ 20.0%
- Turnover
- ≈ €240,000
- estimated
- Profit
- €82,950
- ▲ 10.6%
- Equity
- €2,000
- ▼ 98.4%
- Total assets
- €199,989
- ▲ 24.6%
Score breakdownraises riskLiquidity: current ratio 0.79, cash €279, halvedFounded in 2022lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €199,989Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (NACE 71, micro). It does better than 10% of them on solvency, 1% on liquidity, 88% on profitability and 3% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 4 accounts on average 121 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 11-02-2026
- Format
- micro format
- Reference
- 2026-00036757
2022 to 2025, 4 financial years
The operating result for 2025 is 10% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 2,157 companies had the same profile as WT-Services has now. Two years later, 3.0% had gone bankrupt and 94.1% were still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WT-Services itself is lower: 0.6% within 12 months. It rests on far more data about WT-Services than the profile alone.
Test of the method
The method was tested on the 497,445 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,157 companies, not a prediction for WT-Services. 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103 | €1,343 | €4,362 | €15,532 | ▲ 256% |
| Other operating charges640/8 | €348 | €732 | €1,299 | €844 | ▼ 35.0% |
| Gross operating margin9900 | €300 | €70,210 | €99,510 | €119,410 | ▲ 20.0% |
| Operating profit (loss)9901 | -€150 | €68,134 | €93,850 | €103,034 | ▲ 9.8% |
| Financial income75/76B | - | €599 | €1,729 | €1,745 | ▲ 0.9% |
| Recurring financial income75 | - | €599 | €1,729 | €1,745 | ▲ 0.9% |
| Financial charges65/66B | €4 | €55 | €67 | €79 | ▲ 17.4% |
| Recurring financial charges65 | €4 | €55 | €67 | €79 | ▲ 17.4% |
| Profit (loss) for the period before taxes9903 | -€155 | €68,678 | €95,512 | €104,700 | ▲ 9.6% |
| Income taxes67/77 | - | €15,403 | €20,501 | €21,750 | ▲ 6.1% |
| Profit (loss) for the period9904 | -€155 | €53,275 | €75,011 | €82,950 | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | -€155 | €53,275 | €75,011 | €82,950 | ▲ 10.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2,045 | €67,071 | €160,483 | €199,989 | ▲ 24.6% |
| Formation expenses20 | €1,132 | - | - | - | - |
| Fixed assets21/28 | - | €846 | €56,357 | €44,020 | ▼ 21.9% |
| Tangible fixed assets22/27 | - | €846 | €56,357 | €44,020 | ▼ 21.9% |
| Furniture and vehicles24 | - | €846 | €54,058 | €41,961 | ▼ 22.4% |
| Other tangible fixed assets26 | - | - | €2,299 | €2,059 | ▼ 10.4% |
| Current assets29/58 | €913 | €66,224 | €104,126 | €155,968 | ▲ 49.8% |
| Amounts receivable within one year40/41 | €729 | €19,433 | €21,584 | €35,124 | ▲ 62.7% |
| Trade receivables40 | €604 | €19,433 | €21,584 | €35,055 | ▲ 62.4% |
| Other amounts receivable41 | €124 | - | - | €69 | - |
| Current investments50/53 | - | €42,016 | €78,143 | €118,540 | ▲ 51.7% |
| Cash at bank and in hand54/58 | €184 | €2,930 | €2,268 | €279 | ▼ 87.7% |
| Deferred charges and accrued income490/1 | - | €1,845 | €2,132 | €2,026 | ▼ 5.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2,045 | €67,071 | €160,483 | €199,989 | ▲ 24.6% |
| Equity10/15 | €1,846 | €55,120 | €128,465 | €2,000 | ▼ 98.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | €53,120 | €126,465 | - | - |
| Distributable reserves133 | - | €53,120 | €126,465 | - | - |
| Profit (loss) carried forward14 | -€155 | - | - | - | - |
| Amounts payable17/49 | €199 | €11,950 | €32,018 | €197,989 | ▲ 518% |
| Amounts payable within one year42/48 | €199 | €11,950 | €32,018 | €197,989 | ▲ 518% |
| Trade debts44 | €199 | €1,717 | €2,153 | €3,387 | ▲ 57.3% |
| Suppliers440/4 | €199 | €1,717 | €2,153 | €3,387 | ▲ 57.3% |
| Taxes, remuneration and social security45 | - | €9,274 | €26,162 | €11,746 | ▼ 55.1% |
| Taxes450/3 | - | €9,274 | €26,162 | €11,746 | ▼ 55.1% |
| Other amounts payable47/48 | - | €960 | €3,702 | €182,856 | ▲ 49× |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€155 | €53,275 | €75,011 | €82,950 | ▲ 10.6% |
| + Depreciation and write-downs630 | €103 | €1,343 | €4,362 | €15,532 | ▲ 256% |
| Operating cash flow (approximation) | -€52 | €54,618 | €79,373 | €98,482 | ▲ 24.1% |
| Investment in fixed assets (approximation) | - | - | -€59,872 | -€3,196 | ▲ 94.7% |
| Change in cash | - | €2,746 | -€663 | -€1,989 | ▼ 200% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Comparable companies
These companies have the same main activity as WT-Services: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €189,000 and €253,000, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| WT-Services Lebbeke | 2022 | €199,989 | €2,000 | €119,410 | €82,950 | 2025 |
| NYALABROWN Assenede | 2023 | €196,708 | €132,715 | €107,603 | €68,483 | 2025 |
| VERDI ENGI Evergem | 2023 | €205,264 | €157,210 | €101,274 | €44,003 | 2025 |
| GVM PROJECTS Beveren-Kruibeke-Zwijndrecht | 2023 | €188,972 | €151,275 | €106,201 | €82,715 | 2025 |
| Asbecerti Destelbergen | 2023 | €235,211 | €175,229 | €105,044 | €72,693 | 2025 |
| OoM-project Buggenhout | 2022 | €230,780 | €41,217 | €109,094 | €74,376 | 2025 |
| VAWYCO Gent | 2022 | €253,386 | €215,727 | €124,891 | €88,919 | 2025 |
They were chosen from the 6,768 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PYL Jan |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”“Behalve deze die wet of statuten aan algemene vergadering voorbehouden, mogelijkheid deel te delegeren”“Alleen of gezamenlijk zoals bestuursorgaan bepaalt, gedelegeerd bestuurder”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 08-12-2022
Owners and capital
Capital transactions
- Pyl Jan Pieter Maria 100 shares (100%) · €2,000
- 08-12-2022 Incorporation · €2,000 · 100 shares
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “19:00, zetel”“Bestuursorgaan of commissaris, buitengewone algemene vergadering”“Oproepingen algemene vergadering, vermelden agenda”“Beraadslagingen stemrecht, onder voorbehoud wettelijke en statutaire bepalingen aandelen zonder stemrecht”“Jaarlijkse nettowinst, winstverdeling”6 more provisions in the deed, see the deed of 08-12-2022
Articles of association, deed of 08-12-2022 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of WT-Services. Every other company they run is a node.
History
Acts, filings and financial milestones
08-12
Gazette deed
IncorporationAppointment: PYL Jan (director) · Founder · Founding capital7 points ▸
- Incorporation, 29-11-2022
- Founder, Pyl Jan Pieter Maria
- Founding capital, €2,000
- Other provision, “eerste boekjaar en eerste vergadering, eerste donderdag van april 2023” (deed in Dutch)
- Registered office clause, “9280 Lebbeke,Zavel 19” (deed in Dutch)
- Board rule, 1
- Director appointment, PYL Jan (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42322C0012/00S000 | Flanders | 671 m² | 1 · 148 m² | 7.7 m · 2 |