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WTK Projects

Active
Private limited companyfounded 2024active for 2 yearsGremelsloweg 1, 3680 Maaseik, BelgiumKBO/BCE: BE 1009.159.789
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WTK ProjectsActiveChecked score 66/100
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Financials · financial year 2025, micro format

Annual accounts 2025 filed on 23-06-2026 at the NBB

Turnover
≈ €320,000
Estimated: probably between €180,000 and €590,000
Total assets
€58,978
Net result
€34,589
Working capital
€29,491

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €58,978
Fixed assets €8,099
Current assets €50,880
Equity and liabilities €58,978
Equity €37,589
Debt €21,389
Debt's share of the balance-sheet total is 36.3%.
Key figures and ratios
2025 value
EBITDA
€44,617
Cash flow
€36,481
Current ratio
2.38
Debt to equity
0.57
ROE
92.0%
ROA
58.6%
Interest coverage
over 100
Debt ≤ 1 year
€21,389
Income taxes
€8,619

Investments

fixed assets acquired
Item2025
Tangible fixed assets€9,991
Depreciation and write-downs of the year€1,892

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as WTK Projects: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €52,200 and €66,700, founded in 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
WTK Projects Maaseik2024€58,978€37,589€46,723€34,5892025
VAN HOUTERT Bocholt2024€66,715€21,541€44,702€18,5412025
MS Constructie-Renovatie-Afwerking Tongeren-Borgloon2024€57,194€33,070€43,649€33,3172025
I.S.B Bree2024€60,291€22,097€35,524€19,0972025
FEZ TECH Maasmechelen2024€52,239€32,109€41,263€29,1092025
STIERBOUW Pajottegem2024€62,325€218€45,330€2182025
GUILARDUCCI SERVICES Wezembeek-Oppem2024€59,760€18,107€44,880€17,1072025

They were chosen from the 15,546 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 observation

In July 2024, 39,278 companies had the same profile as WTK Projects has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

That fits the bankruptcy probability of WTK Projects itself: 1.4% 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.

The companies in ten equal groups, from the lowest to the 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%

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 39,278 companies, not a prediction for WTK Projects. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines

Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.

Balance sheet Code2025
Assets
Total assets20/58€58,978
Fixed assets21/28€8,099
Tangible fixed assets22/27€8,099
Plant, machinery and equipment23€6,064
Furniture and vehicles24€2,035
Current assets29/58€50,880
Amounts receivable within one year40/41€34,188
Other amounts receivable41€34,188
Cash at bank and in hand54/58€15,275
Deferred charges and accrued income490/1€1,417
Equity and liabilities
Total equity and liabilities10/49€58,978
Equity10/15€37,589
Contributions10/11€3,000
Reserves13€34,589
Distributable reserves133€34,589
Amounts payable17/49€21,389
Amounts payable within one year42/48€21,389
Trade debts44€8,170
Suppliers440/4€8,170
Taxes, remuneration and social security45€13,219
Taxes450/3€11,419
Remuneration and social security454/9€1,800
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,892
Other operating charges640/8€2,105
Gross operating margin9900€46,723
Operating profit (loss)9901€42,725
Financial income75/76B€834
Recurring financial income75€834
Financial charges65/66B€351
Recurring financial charges65€351
Profit (loss) for the period before taxes9903€43,209
Income taxes67/77€8,619
Profit (loss) for the period9904€34,589
Profit (loss) for the period to be appropriated9905€34,589
Appropriation of the result
Profit (loss) to be appropriated9906€34,589
Transfer to equity691/2€34,589
To other reserves6921€34,589

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,892
Other operating charges640/8€2,105
Gross operating margin9900€46,723
Operating profit (loss)9901€42,725
Financial income75/76B€834
Recurring financial income75€834
Financial charges65/66B€351
Recurring financial charges65€351
Profit (loss) for the period before taxes9903€43,209
Income taxes67/77€8,619
Profit (loss) for the period9904€34,589
Profit (loss) for the period to be appropriated9905€34,589
Line2025
Assets
Total assets20/58€58,978
Fixed assets21/28€8,099
Tangible fixed assets22/27€8,099
Plant, machinery and equipment23€6,064
Furniture and vehicles24€2,035
Current assets29/58€50,880
Amounts receivable within one year40/41€34,188
Other amounts receivable41€34,188
Cash at bank and in hand54/58€15,275
Deferred charges and accrued income490/1€1,417
Equity and liabilities
Total equity and liabilities10/49€58,978
Equity10/15€37,589
Contributions10/11€3,000
Reserves13€34,589
Distributable reserves133€34,589
Amounts payable17/49€21,389
Amounts payable within one year42/48€21,389
Trade debts44€8,170
Suppliers440/4€8,170
Taxes, remuneration and social security45€13,219
Taxes450/3€11,419
Remuneration and social security454/9€1,800
Line2025
Profit (loss) for the period9904€34,589
+ Depreciation and write-downs630€1,892
Operating cash flow (approximation)€36,481

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 23-06-2026 2026-00189152 NBB

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