Checked.be
Active
BE 0692.853.578Public limited company
WTW AG
Libermé 27 ·4701 Eupen, Belgium· 8 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
WTW AG has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €118k and a net result of €-20k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 4626 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €118k |
| Net result | €-20k |
| Better than sector | 23% |
| Active | 8 yrs |
Financial profile
36
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
15
Profitability
0
Solvency
13
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
15
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
28
2021
12
2022
36
2023
15
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.04 (< 1.0)
-10
Quick ratio
Quick ratio 0.04 (< 0.6)
-5
Leverage
Debt/equity 4.32 (> 3.0)
-10
Profitability
Negatieve ROE -17%
-10
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.8% | 48.8% | |
| Net result | €-20k | €45k | |
| Equity | €118k | €529k | |
| Gross operating margin | €8k | €82k | |
| Employees (FTE) | 0.0 | 2.8 |
€-20k
-
21-24
€625k
+26.7%
21-24
€118k
+66.9%
21-24
€-485k
-41.4%
21-24
0
-
21-24
€0
-100.0%
21-24
€507k
+20.0%
21-24
€507k
+23.7%
21-24
0.04
-73.4%
21-24
0.04
-73.4%
21-24
18.8%
+31.8%
21-24
4.32
-28.1%
21-24
-16.7%
-
21-24
-3.1%
-
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | €-20k | €4k | €-7k | €3k |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | €0 | €97 | €481 | - |
| Dividends | - | - | - | - |
| Total assets | €625k | €493k | €362k | €367k |
| Equity | €118k | €70k | €67k | €74k |
| Debt | €507k | €423k | €296k | €293k |
| of which ≤ 1y | €507k | €410k | €290k | €290k |
| of which > 1y | - | - | - | - |
| Working capital | €-485k | €-343k | €-230k | €-233k |
| Employees (FTE) | 0.0 | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.04 | 0.16 | 0.21 | 0.20 |
| Quick ratio | 0.04 | 0.16 | 0.21 | 0.20 |
| Working capital ratio | -77.7% | -69.6% | -63.5% | -63.6% |
| Solvency | 18.8% | 14.3% | 18.4% | 20.2% |
| Debt / equity | 4.32 | 6.00 | 4.44 | 3.95 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -3.1% | 0.8% | -2.1% | 0.9% |
| ROE | -16.7% | 5.5% | -11.2% | 4.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €625k | €493k | €362k | €367k |
| Fixed assets | 21/28 | €603k | €427k | €302k | €310k |
| Financial fixed assets | 28 | €603k | €427k | €302k | €310k |
| Current assets | 29/58 | €22k | €67k | €60k | €57k |
| Amounts receivable within one year | 40/41 | €2k | €2k | - | - |
| Investments | 50/53 | €16k | €14k | €6k | €11k |
| Cash & bank | 54/58 | €4k | €51k | €55k | €45k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €625k | €493k | €362k | €367k |
| Equity | 10/15 | €118k | €70k | €67k | €74k |
| Contributions / capital | 10/11 | €75k | €75k | €75k | €75k |
| Accumulated profits (losses) | 14 | €-24k | €-5k | €-8k | €-921 |
| Amounts payable | 17/49 | €507k | €423k | €296k | €293k |
| Amounts payable within one year | 42/48 | €507k | €410k | €290k | €290k |
| Trade debts payable within one year | 44 | - | - | - | €73 |
| Income statement | |||||
| Gross operating margin | 9900 | €8k | €6k | €8k | €6k |
| Operating result | 9901 | €7k | €6k | €7k | €6k |
| Financial income | 75 | €2k | €2k | €912 | €505 |
| Financial charges | 65 | €29k | €4k | €15k | €3k |
| Result before taxes | 9903 | €-20k | €4k | €-7k | €3k |
| Income taxes | 67/77 | €0 | €97 | €481 | - |
| Net result for the period | 9904 | €-20k | €4k | €-7k | €3k |
| Result to be appropriated | 9905 | €-20k | €4k | €-7k | €3k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 21-03-2018 |
| Status | Active |
| Postal code | 4701 |
Establishment units
WTW AG
since 20182.274.974.553
Updates
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-20k ▼610%
Net result drops to €-20k, the lowest in the series.
31-12
Financial
Equity above €100kEq €118k ▲66.9%
Equity rises from €70k to €118k.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220
Names & trade names
| Legal nameDE | WTW AG |
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