Equity
WTC Construct has made a profit in every financial year since 2020.
WTC Construct has made a profit in every financial year since 2020.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 2020.0% higher than in 2024.
Short-term debts fell from €3,209 to €1,221.
The 2023 accounts came latest: 12 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 39% of them on solvency, 62% on liquidity, 36% on profitability and 39% 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).
In July 2024, 5,047 companies had the same profile as WTC Construct has now. Each dot stands for 13 companies, two years later.
That fits the bankruptcy probability of WTC Construct itself: 2.6% within 12 months.
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 5,047 companies, not a prediction for WTC 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.
Liquidity is ample, with a current ratio of 21.37 (5.73 in 2024), above the usual 1.5. Short-term debt is 2.3% and cash 11% of total assets. However, 62.8% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 6 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| WTC Construct Molenbeek-Saint-Jean | - | - | 37.2% | - |
| Rénovation Promotion Immobilière Sint-Genesius-Rode | €100,400 | 3.5% | -66.5% | - |
| JRCE Construct Koekelberg | - | - | 55.2% | - |
| POLYMAC GROUP Brussels | - | - | 25.7% | - |
| KRS CONCEPT Grez-Doiceau | - | - | 32.4% | - |
| LFZ 2009 Antwerp | €74,780 | 6.9% | 62.8% | - |
| ACMD Construct Bierbeek | - | - | 31.8% | - |
These companies have the same main activity as WTC Construct: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €40,400 and €55,900, founded between 2020 and 2022.
WTC Construct files the micro format. That format states no turnover. The gross margin rose from €703 in 2020 to €4,829 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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