Wtec
ActiveSummary
Wtec has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,558 and a net result of €21,816. Equity has been growing by about 9.6% per year since 2018. Its solvency ranks better than 87% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-12-2009 Normal situation
- Activity
- Other non-specialised retail sale NACE 47120and 2 others
- Establishment unit
- 2.184.103.963 3090 Overijse, since 13-01-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Board and ownership
- VAN DE POEL YannickDirector · since 01-11-2014
- VAN DER HAART PhilippeDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €39,069
- ▲ 574%
- Turnover
- ≈ €450,000
- estimated
- Profit
- €21,816
- Equity
- €80,558
- ▲ 36.0%
- Total assets
- €101,991
- ▲ 20.0%
- 2025 accounts filed 20 days after the deadline
Score breakdownraises riskSize: total assets €101,991Last filed accounts filed 20 days late; 1 of the last 3 accounts lateSector: Retail trade (NACE 47)lowers riskFounded in 2009Show the evidence
Checked score
About 4 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 47, micro). It does better than 92% of them on solvency, 58% on liquidity, 89% on profitability and 82% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410492.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 16 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is nearly 40 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). 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, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 0.8 | 0.2 |
| On a permanent contract | 1 | - |
| Joined | 1 | 0 |
| Left | 0 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,306 | - | - | - | - |
| Depreciation and write-downs of the year | €4,545 | - | €3,015 | €463 | €463 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as Wtec: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €84,100 and €151,000, founded between 2004 and 2012.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| Wtec Overijse | 2009 | €101,991 | €80,558 | €39,069 | - | €21,816 | 2025 |
| KADOLOG Walhain | 2011 | €118,207 | €83,834 | €38,021 | - | €7,430 | 2025 |
| NEARSHOP Boortmeerbeek | 2012 | €150,518 | €138,310 | €80,986 | - | €49,839 | 2025 |
| PIZZA DESPERADO Boutersem | 2004 | €84,086 | €66,378 | €71,818 | - | €22,051 | 2025 |
| PointPlan Sint-Lambrechts-Woluwe | 2011 | €133,866 | €126,197 | €42,255 | €80,860 | €28,210 | 2025 |
| EROVIBES Antwerpen | 2010 | €139,085 | €45,228 | €49,350 | - | -€4,495 | 2025 |
| E.L.H.E. BAZAR Anderlecht | 2010 | €118,458 | €52,255 | €70,240 | - | €10,852 | 2025 |
They were chosen from the 2,370 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as Wtec has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Wtec itself: 0.4% within 12 months.
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 34,693 companies, not a prediction for Wtec. 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33,215 | €8,340 | €1,761 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,280 | €2,687 | €2,089 | €4,545 | - | €3,015 | €463 | €463 | ▲ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €4,466 | - |
| Other operating charges640/8 | - | - | - | €2,275 | €1,820 | €2,112 | €4,524 | €1,999 | ▼ 55.8% |
| Gross operating margin9900 | €80,542 | €8,849 | €18,326 | €40,417 | €22,477 | €11,104 | €5,799 | €39,069 | ▲ 574% |
| Operating profit (loss)9901 | €46,140 | -€43,049 | €16,280 | €383 | €12,317 | €4,216 | €813 | €32,141 | ▲ 40× |
| Financial income75/76B | - | - | - | €807 | - | €29 | €594 | €535 | ▼ 9.9% |
| Recurring financial income75 | €1,161 | €546 | - | €807 | - | €29 | €594 | €535 | ▼ 9.9% |
| Financial charges65/66B | - | - | - | €705 | €1,482 | €546 | €457 | €673 | ▲ 47.1% |
| Recurring financial charges65 | €4,098 | €1,591 | €1,219 | €705 | €1,482 | €546 | €457 | €673 | ▲ 47.1% |
| Profit (loss) for the period before taxes9903 | €43,204 | -€44,094 | €15,061 | €486 | €10,835 | €3,699 | €949 | €32,003 | ▲ 34× |
| Income taxes67/77 | €9,894 | - | €5,433 | - | €978 | €171 | €1,586 | €10,187 | ▲ 542% |
| Profit (loss) for the period9904 | €33,310 | -€44,094 | €9,628 | €486 | €9,858 | €3,528 | -€637 | €21,816 | - |
| Profit (loss) for the period to be appropriated9905 | €33,310 | -€44,094 | €9,628 | €486 | €9,858 | €3,528 | -€637 | €21,816 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €114,072 | €135,906 | €62,842 | €83,777 | €117,282 | €76,421 | €84,970 | €101,991 | ▲ 20.0% |
| Fixed assets21/28 | €8,955 | €6,268 | €4,179 | €3,940 | €3,940 | €926 | €463 | - | - |
| Tangible fixed assets22/27 | €8,955 | €6,268 | €4,179 | €3,940 | €3,940 | €926 | €463 | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,851 | €1,851 | €926 | €463 | - | - |
| Other tangible fixed assets26 | - | - | - | €2,089 | €2,089 | - | - | - | - |
| Current assets29/58 | €105,117 | €129,638 | €58,663 | €79,836 | €113,342 | €75,496 | €84,507 | €101,991 | ▲ 20.7% |
| Stocks and contracts in progress3 | €16,755 | €19,857 | €20,378 | €20,181 | €20,181 | €18,561 | €16,891 | €15,910 | ▼ 5.8% |
| Stocks30/36 | - | - | - | €20,181 | €20,181 | €18,561 | €16,891 | €15,910 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €57,397 | €89,281 | €7,580 | €57,078 | €51,077 | €35,296 | €64,139 | €77,845 | ▲ 21.4% |
| Trade receivables40 | - | - | - | €57,078 | €49,254 | €24,767 | €64,139 | €71,398 | ▲ 11.3% |
| Other amounts receivable41 | - | - | - | - | €1,823 | €10,529 | - | €6,447 | - |
| Cash at bank and in hand54/58 | €30,965 | - | €30,706 | €2,578 | €42,084 | €21,639 | €3,477 | €8,237 | ▲ 137% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €114,072 | €135,906 | €62,842 | €83,777 | €117,282 | €76,421 | €84,970 | €101,991 | ▲ 20.0% |
| Equity10/15 | €80,769 | €36,682 | €45,979 | €46,465 | €56,302 | €59,851 | €59,214 | €80,558 | ▲ 36.0% |
| Contributions10/11 | €18,550 | €18,550 | €18,220 | €18,220 | €18,200 | €18,220 | €18,220 | €18,220 | = |
| Capital10 | - | - | - | €18,220 | €18,200 | - | - | - | - |
| Issued capital100 | - | - | - | €18,220 | €18,200 | - | - | - | - |
| Reserves13 | €62,219 | €18,132 | €27,759 | €28,245 | €38,102 | €41,631 | €40,994 | €62,338 | ▲ 52.1% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Legal reserve130 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | - | - | €26,390 | €36,247 | €39,776 | €39,139 | €60,483 | ▲ 54.5% |
| Amounts payable17/49 | €33,303 | €99,225 | €16,862 | €37,312 | €60,980 | €16,571 | €25,756 | €21,434 | ▼ 16.8% |
| Amounts payable within one year42/48 | €33,303 | €99,225 | €16,862 | €37,312 | €60,980 | €16,571 | €25,756 | €21,434 | ▼ 16.8% |
| Trade debts44 | €16,414 | €63,951 | €11,905 | €18,441 | €37,562 | €2,954 | €14,059 | €6,485 | ▼ 53.9% |
| Suppliers440/4 | - | - | - | €18,441 | €37,562 | €2,954 | €14,059 | €6,485 | ▼ 53.9% |
| Taxes, remuneration and social security45 | - | - | - | €18,851 | €23,398 | €13,587 | €11,667 | €14,918 | ▲ 27.9% |
| Taxes450/3 | - | - | - | €13,931 | €22,552 | €11,921 | €10,001 | €13,253 | ▲ 32.5% |
| Remuneration and social security454/9 | - | - | - | €4,920 | €846 | €1,666 | €1,666 | €1,666 | = |
| Other amounts payable47/48 | - | - | - | €20 | €20 | €30 | €30 | €30 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,310 | -€44,094 | €9,628 | €486 | €9,858 | €3,528 | -€637 | €21,816 | - |
| + Depreciation and write-downs630 | €5,280 | €2,687 | €2,089 | €4,545 | - | €3,015 | €463 | €463 | ▲ 0.1% |
| Operating cash flow (approximation) | €38,591 | -€41,407 | €11,717 | €5,030 | €9,858 | €6,543 | -€174 | €22,279 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,306 | €0 | €0 | €0 | - | - |
| Change in cash | - | - | - | -€28,128 | €39,507 | -€20,445 | -€18,162 | €4,760 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00410492 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00441008 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00479205 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00358293 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20343478 | |
| 31-12-2020 | micro format | 15-06-2021 | 2021-20300154 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23900166 | |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45900064 | |
| 31-12-2017 | micro format | 26-07-2018 | 2018-39400581 | |
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-32800123 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-12-2023 Capital stated in the deed · 100 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| VAN DE POEL Yannick |
|
| VAN DER HAART Philippe |
|
| VAN DER HAERT Philippe |
|
Network & group
Wtec shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of Wtec. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-12
Gazette deed
Registered office moved to OverijseResignations: VAN DE POEL Yannick (director) and VAN DER HAERT Philippe (director) · Reappointments: VAN DE POEL Yannick (director) and VAN DER HAERT Philippe (director) · Amendment of the articles13 points ▸
- General meeting, 11-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, beschikbaar maken voor uitkering” (deed in French)
- Capital
- Power of attorney, Jean-Luc Peêrs
- Registered-office move, 3090 Overijse, Vanderweydendreef 25
- Director resignation, VAN DE POEL Yannick (director)
- Director reappointment, VAN DE POEL Yannick (director (not named in the articles))
- Director resignation, VAN DER HAERT Philippe (director)
- Director reappointment, VAN DER HAERT Philippe (director (not named in the articles))
- Other provision, 22-11-2023
- Director discharge, VAN DE POEL Yannick
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- Algemene renovatiewerken,nieuwbouw,bouwconsultancy en elektriciteitswerken en houtbewerking;
- Datanetwerkbekabeling;
- Verhuur,aankoop en verkoop van audio en lichtinstallaties;
- Verhuur,aankoop en verkoop van hard en software,IT-onderdelen;
- Verhuur,aankoop en verkoop van werkgereedschap en elektriciteitsmateriaal;
- Verhuur,aankoop en verkoop van huishoudtoestellen,muziekinstrumenten,video,hifi en andere elektronica;
- Organiseren en inrichten van evenementen,tentoonstellingen,en andere.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
2 categories- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
- S4 Data processing and process controlclass 1, up to €162,000
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23062B0387/00Y002 | Flanders | 789 m² | 1 · 186 m² | 6.4 m · 1 |