Equity
€234,420 from €777,438 in 2022
Equity fell by 70% in 3 years.
WT SYSTEMS
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €513,895 (2020)
€64,129▲ €121,577
lowest -€246,342 (2024)
-€140,651▲ €105,691
peak €777,438 (2022)
€234,420▼ 37.5%
€337,318▲ 89.0%
peak 5.3 FTE (2017)
2.2 FTEunchanged
Board7 names since 2016
2 directorsPOLLET WATER GROUP and 1 other
Owners
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Gross margin from -€57,448 to €64,129Loss of €140,651Company renamed from GH SYSTEMS to WT SYSTEMS 14-04Equity from €375,070 to €234,420Debts from €178,482 to €337,318
Key points
from the 2025 annual accountsLosses
-€543,018 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €370,000 estimated
The abbreviated format states no turnover.
Staff
2.2 FTE from 5.3 in 2017
Between 2017 and 2025, 58% of the full-time equivalents disappeared.
Filings
24 annual accounts since 2002
Four of the last ten came late. The 2020 accounts came latest: 25 days after the end of the period.
Position in the sector
-€140,651
Lower net result than 95% of companies in wholesale trade. Sector median €26,717 · 9,877 companies.
Checked score
62
Healthy
Financially stronger than 22% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.7%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.6%▲ +0.8 percentage points vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.5%▼ -0.1 percentage points vs 02-2026
04-2026: 1.6%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%● unchanged vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €140,651, the second in a row (financial year 2025)
Liquidity: current ratio 1.70, cash €330
lowers risk
Founded in 2001
Equity €234,420 (41.0% of total assets)
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 46, micro). It does better than 50% of them on solvency, 20% on liquidity, 6% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as WT SYSTEMS has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WT SYSTEMS itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 5,831 companies, not a prediction for WT SYSTEMS. 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.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.7 (2.71 in 2024), above the usual 1.5. Short-term debt is 56.1% and cash 0.1% of total assets. However, 59% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€140,651
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
6 days early
2023
1 day early
2022
39 days early
2021
48 days early
2020
25 days late
2019
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- POLLET WATER GROUP 100%equity €104.0m (2025) · 2025 annual accounts of POLLET WATER GROUP
Shares in 1 company, Delta Water Softeners Nederland
Board & ownershipRecent changes
Company renamed from GH SYSTEMS to WT SYSTEMS
General meeting of 03-04-2025 · Gazette deed
2 directors appointed, 3 resignations
Resignations: PPK CONSULTING, G.C.M. and POLLET WATER GROUP · Appointments: SMARDIX (director) and POLLET WATER GROUP (director) · Permanent representatives: TAILLIEU Dimitri Alice Caroline and POLLET Sofie Veerle · General meeting of 07-10-2024 · Gazette deed
Amendment of the articles
General meeting of 26-09-2022 · Gazette deed
3 directors appointed, 3 resignations
Resignations: Geert Hoebeke, Jonas Hoebeke and NEAS BV · Appointments: PPK Consulting BV, G.C.M. BV and Pollet Water Group NV · Permanent representatives: Jonas Hoebeke, Nick Govaert and Sofie Pollet · General meeting of 30-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WT SYSTEMS Oudenaarde | €571,737 | €64,129 | 41.0% | 2.2 |
| ELAUT PRODUCTS Kluisbergen | €429,561 | €92,197 | 87.8% | 1 |
| ZAP INTERNATIONAL TRADE Lochristi | €701,079 | €132,614 | 28.7% | 1 |
| HOBO Voeren | €757,793 | €103,055 | 81.5% | 1 |
| Snetor Benelux Saint-Josse-ten-Noode | €737,756 | €105,990 | 59.4% | 0.9 |
| DOMOTIQUE COMPUTER ELECTRICITE Gesves | €275,433 | €139,925 | 7.5% | 1.8 |
| FLEXPLAN Tournai | €745,144 | €187,101 | 45.9% | 2 |
These companies have the same main activity as WT SYSTEMS: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €275,000 and €758,000, founded between 1996 and 2004.
Official details
Source: KBO- Status
- Active since 02-04-2001Normal situation
- Activity
- Non-specialised wholesale tradeNACE 46900and 3 others
- Joint committee
- 149.04Metal trade · annual accounts 2025
- Establishment unit
- 2.093.146.0739700 Oudenaarde, since 03-05-2001
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €571,737▲ 3.3%
- Employeeson 31-12-2025
- 1▼ 66.7%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Companies linked to WT SYSTEMS
Parent and group
Insights on WT SYSTEMS
WT SYSTEMS files the abbreviated format. That format states no turnover. The gross margin fell from €163,264 in 2006 to €64,129 in 2025.
The balance sheet grew most from 2014 to 2016 through fixed assets.
POLLET WATER GROUP holds all the shares. In June 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about WT SYSTEMS
- What is the company number of WT SYSTEMS?
- The company number of WT SYSTEMS is 0474.474.411. The VAT number is the same number with BE in front: BE 0474.474.411.
- Where is WT SYSTEMS based?
- The registered office is at Industriepark "De Bruwaan" 45J, 9700 Oudenaarde.Company details
- What does WT SYSTEMS do?
- According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
- What is the legal form of WT SYSTEMS?
- WT SYSTEMS is a private limited company (BV).
- When was WT SYSTEMS founded?
- WT SYSTEMS was founded on 02-04-2001.
- Is WT SYSTEMS still active?
- Yes, WT SYSTEMS is an active enterprise in the KBO register.
- How many employees does WT SYSTEMS have?
- WT SYSTEMS had an average of 2.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does WT SYSTEMS fall under?
- In its 2025 annual accounts, WT SYSTEMS states joint committee 149.04 (Metal trade).
- What is the turnover of WT SYSTEMS?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €64,129 and 66 comparable companies (NACE 46). It probably lies between €140,000 and €970,000.
- Is WT SYSTEMS profitable?
- In financial year 2025, WT SYSTEMS made a loss of €140,651.
- Where can I find the annual accounts of WT SYSTEMS?
- WT SYSTEMS filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WT SYSTEMS due?
- WT SYSTEMS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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