The computed 12-month bankruptcy probability of WT SYSTEMS is 1.5% (moderate). The 2025 annual accounts show equity of €234,420 and a net result of -€140,651. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 9,811 sector peers (NACE 46, financial year 2025). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.
Why 62raises riskLoss of €140,651, the second in a row (financial year 2025)Liquidity: current ratio 1.70, cash €330lowers riskFounded in 2001Equity €234,420 (41.0% of total assets)Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
62/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 22% of its sector peers (NACE 46, micro)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency66-27
equity 41.0% of total assets
Liquidity21-15
short-term debt 56.1% · cash 0.1%
Profitability0=
return on assets -24.6%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
1.5%Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months11-2024: 0.7%12-2024: 0.7%● unchanged vs 11-202401-2025: 0.7%● unchanged vs 12-202402-2025: 0.7%● unchanged vs 01-202503-2025: 0.7%● unchanged vs 02-202504-2025: 0.8%▲ +0.1 percentage points vs 03-202505-2025: 0.8%● unchanged vs 04-202506-2025: 0.7%▼ -0.1 percentage points vs 05-2025lowest value07-2025: 0.8%▲ +0.1 percentage points vs 06-202508-2025: 1.6%▲ +0.8 percentage points vs 07-202509-2025: 1.6%● unchanged vs 08-202510-2025: 1.6%● unchanged vs 09-202511-2025: 1.6%● unchanged vs 10-202512-2025: 1.6%● unchanged vs 11-202501-2026: 1.6%● unchanged vs 12-202502-2026: 1.6%● unchanged vs 01-202603-2026: 1.5%▼ -0.1 percentage points vs 02-202604-2026: 1.6%▲ +0.1 percentage points vs 03-2026highest value05-2026: 1.6%● unchanged vs 04-202606-2026: 1.5%▼ -0.1 percentage points vs 05-202607-2026: 1.5%● unchanged vs 06-202608-2026: 1.5%● unchanged vs 07-202609-2026: 1.5%● unchanged vs 08-202610-2026: 1.5%● unchanged vs 09-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.7, compared with 2.71 in 2024, above the usual 1.5; short-term debt: 56.1% and cash: 0.1% of total assets), but 59% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 50% on solvency, 20% on liquidity, 6% on profitability and 13% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median (NACE 46) for financial year 2024 is 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 filed years within 30 days of that day).
2021 to 2025, 5 financial years2018 to 2025, 8 financial years
The operating result stays negative: a loss of €134,259 in 2025 against €244,138 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.1m2025Net result-€0.1m2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.6m2025Equity€0.2m2025Debt€0.3m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-24.6%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency41.0%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.702025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.22025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: 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), Staff (FTE).
Every figure with its change against the financial year before
Net result€0.06m-€0.2m▲ 213%€0.3mabove the sector's middle half▲ 54.8%€0.2mabove the sector's middle half▼ 28.0%€0.1mwithin the sector's middle half▼ 53.0%-€0.2mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 57.9%-€0.1mbelow the sector's middle half▲ 42.9%
Equity€0.1m-€0.3m▲ 95.2%€0.5mwithin the sector's middle half▲ 83.9%€0.7mwithin the sector's middle half▲ 35.8%€0.8mwithin the sector's middle half▲ 14.4%€0.6mwithin the sector's middle half▼ 20.1%€0.4mwithin the sector's middle half▼ 39.6%€0.2mwithin the sector's middle half▼ 37.5%
Total assets€0.9m-€1.0m▲ 5.1%€1.1mwithin the sector's middle half▲ 7.2%€1.1mwithin the sector's middle half▲ 3.2%€0.9mwithin the sector's middle half▼ 14.5%€0.8mwithin the sector's middle half▼ 15.4%€0.6mbelow the sector's middle half▼ 29.9%€0.6mwithin the sector's middle half▲ 3.3%
Working capital-€0.03m-€0.08m€0.3mwithin the sector's middle half▲ 237%€0.4mwithin the sector's middle half▲ 55.4%€0.7mwithin the sector's middle half▲ 61.7%€0.6mwithin the sector's middle half▼ 21.2%€0.3mwithin the sector's middle half▼ 44.9%€0.2mwithin the sector's middle half▼ 26.9%
Solvency14.9%-27.6%▲ 12.7pp47.4%within the sector's middle half▲ 19.8pp62.3%within the sector's middle half▲ 15.0pp83.3%above the sector's middle half▲ 21.0pp78.7%above the sector's middle half▼ 4.6pp67.8%within the sector's middle half▼ 10.9pp41.0%within the sector's middle half▼ 26.8pp
Current ratio0.93-1.18▲ 0.251.80within the sector's middle half▲ 0.622.67within the sector's middle half▲ 0.875.80above the sector's middle half▲ 3.134.29above the sector's middle half▼ 1.512.71within the sector's middle half▼ 1.581.70within the sector's middle half▼ 1.01
Return on assets (ROA)6.3%-18.9%▲ 12.6pp27.3%above the sector's middle half▲ 8.4pp19.0%above the sector's middle half▼ 8.3pp10.5%within the sector's middle half▼ 8.6pp-19.8%below the sector's middle half▼ 30.2pp-44.5%below the sector's middle half▼ 24.7pp-24.6%below the sector's middle half▲ 19.9pp
Staff (FTE)3.8-3.8=4.6within the sector's middle half▲ 21.1%3within the sector's middle half▼ 34.8%2.3within the sector's middle half▼ 23.3%2within the sector's middle half▼ 13.0%2.2within the sector's middle half▲ 10.0%2.2within the sector's middle half=
abovewithinbelowthe middle half of NACE 46, Wholesale trade: 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 abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €571,737
95.1%
Fixed assets€28,123 ▼ 59.9%
Current assets€543,614 ▲ 12.4%
Equity and liabilities €571,737
41.0%
59.0%
Equity€234,420 ▼ 37.5%
Debt€337,318 ▲ 89.0%
Debt's share of the balance-sheet total rises from 32.2% to 59.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€90,656▲
2024 · -€225,983
Cash flow
-€97,047▲
2024 · -€228,186
Quick ratio
1.51▼
2024 · 2.33
Debt to equity
1.44▲
2024 · 0.48
ROE
-60.0%▲
2024 · -65.7%
Interest coverage
-7.73▲
2024 · -12.96
Debt ≤ 1 year
€320,545▲
2024 · €178,482
Income taxes
€324▼
2024 · €340
Staff costs
€154,365▼
2024 · €163,187
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 5,831 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.6% are still going.
Micro
20 years or older
solvency 30% or more
a loss of 10% of the balance sheet or more
1.7%went bankrupt
13.4%stopped otherwise
84.6%still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,445 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%
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%
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 5,831 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 accountsAs filed with the NBB · 2025 against 2024 · 50 lines
Of the 1,546 active companies whose main activity is non-specialised wholesale trade (NACE 46900), figures are known for 947. 673 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.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
Director (not named in the articles) · since 07-10-2024 · Public limited company · permanent representative: POLLET Sofie Veerle · in the 2025 annual accounts, filed on 14-07-2026
Director (not named in the articles) · since 07-10-2024 · Private limited company · permanent representative: TAILLIEU Dimitri Alice Caroline · in the 2025 annual accounts, filed on 14-07-2026
Current
Permanent representatives 2
SV
POLLET Sofie Veerle
Permanent representative · appointed in the act of 22-10-2024 · for POLLET WATER GROUP
Current
DA
TAILLIEU Dimitri Alice Caroline
Permanent representative · appointed in the act of 22-10-2024 · for SMARDIX
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before its first mention; an open right edge, that its end is not dated.
Kind of sharesWhich classes of shares exist and what rights each class carries.
One provision in the deed
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed
Share issue ruleHow and by whom new shares can be issued.
“Per e-mail,zonder e-mail per gewone post zelfde dag als e-mail, overblijvende eerst aan andere aandeelhouders die volledig uitoefenden tot…”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Other provision: “Stortingsplicht, bepaalt vrij naargelang behoeften en op door hem bepaalde tijdstippen latere stortingen op in speciën onderschreven niet…”
Other provision: “Dagelijks bestuur en vertegenwoordiging wat dat bestuur aangaat, dagelijks bestuur”
Other provision: “Controle van vennootschap, wanneer door wet vereist en binnen wettelijke grenzen”
Other provision: “Alle besluiten behorend tot bevoegdheid algemene vergadering, schriftelijke algemene vergadering”
Other provision: “Zittingen processen-verbaal, neergelegd in register op zetel,ondertekend door bureauleden en aanwezige aandeelhouders die erom vragen”
Other provision: “Beraadslagingen algemene vergadering, alleen beslissen over agendapunten,behalve indien alle op te roepen personen aanwezig of…”
Other provision: “Verdaging algemene vergadering, gewone,bijzondere of buitengewone”
Other provision: “Algemene vergadering op voorstel bestuursorgaan,elk aandeel gelijk aandeel, bestemming winst-reserves”
Other provision: “Uitkering dividenden en interimdividenden, bestuursorgaan op eigen verantwoordelijkheid overeenkomstig wettelijke bepalingen”
Liquidation distribution: “Bijkomende volstorting lastens niet voldoende volgestorte aandelen of voorafgaandelijke terugbetalingen aan in grotere verhouding…”
Other provision: “Woonstkeuze, in buitenland wonende aandeelhouder,bestuurder,commissaris,vereffenaar of obligatiehouder kiest woonplaats op zetel voor…”
Other provision: “Gerechtelijke bevoegdheid, rechtbank van rechtsgebied zetel,exclusief”
Other provision: “Gemeen recht, bepalingen Wetboek van Vennootschappen en Verenigingen waarvan niet geldig afgeweken geacht ingeschreven”
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 2 April 2001, WT SYSTEMS was incorporated.1The name was changed to WT SYSTEMS in 2025.2Total assets went from €937,913 in 2018 to €571,737 in 2025 and headcount from 3.8 to 2.2 full-time equivalents.3
Net result drops to -€246,342, the lowest in the series; recovery starts the following year.
22-10
Gazette deedResignations: 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 · Director discharge12 facts ▸
General meeting, 07-10-2024
Director resignation, PPK CONSULTING (director)
Director resignation, G.C.M. (director (not named in the articles))
Director resignation, POLLET WATER GROUP (director (not named in the articles))
Director discharge, G.C.M.
Director discharge, POLLET WATER GROUP
Other provision, “kwijting en décharge mandaat BV PPK CONSULTING, behandelen op eerstvolgende jaarvergadering” (deed in Dutch)
Director appointment, SMARDIX (director (not named in the articles))
Director appointment, POLLET WATER GROUP (director (not named in the articles))
Permanent representative, TAILLIEU Dimitri Alice Caroline
Permanent representative, POLLET Sofie Veerle
Other provision, “mandaat aanvaarding en geen rechterlijk verbod” (deed in Dutch) (2 times)
Gazette deedResignations: 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 Pollet13 facts ▸
General meeting, 30-06-2022
Director resignation, Geert Hoebeke (director)
Director resignation, Jonas Hoebeke (director)
Director resignation, NEAS BV (director)
Other provision, “gedeelte van het lopend boekjaar tot aan hun ontslag, kwijting ontslagen bestuurders” (deed in Dutch)
Director appointment, PPK Consulting BV (director (not named in the articles))
Director appointment, G.C.M. BV (director (not named in the articles))
Director appointment, Pollet Water Group NV (director (not named in the articles))
Permanent representative, Jonas Hoebeke
Permanent representative, Nick Govaert
Permanent representative, Sofie Pollet
Other provision, “niet-statutair bestuurder, aanvaarding mandaat en bevestiging geen verzet” (deed in Dutch)
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, with enterprise number
0474.474.411
Scores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
PurposeThe activities the company may carry out under its articles.
“Groothandel in waterzuiveringsinstallaties,kleinhandel in wateruizveringsinstallaties,alsook het plaatsen van waterzuiveringsinstallaties…”
4 activities
Groothandel in waterzuiveringsinstallaties,kleinhandel in wateruizveringsinstallaties,alsook het plaatsen van waterzuiveringsinstallaties.
Groot–en kleinhandel in verlichting,drijfkracht en telecommunicatie,alsook alle plaatsingen ervan.
Installateur sanitair en centrale verwarming.
De vennootschap kan deelnemen in alle andere vennootschappen die een gelijkaardig of aanverwant doel nastreven of die bijdragen tot de verwezenlijking van haar voorwerp.
Environmental permits: No permit applications found in Flanders.
Sites & property
Registered office and establishments
Registered office and establishments
Where the company is based, and the buildings and parcels at those addresses. An address shared by many companies is often a registered-office service.