WULFFAERT BOUW
ActiveWULFFAERT BOUW has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €158k and a net result of €-65k. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 32% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▲+10
Solvency39▼-31
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 1.87 in 2023; short-term debt: 76.3% and cash: 2.1% of total assets), and 86.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.7%
Return on assets
-5.6%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-65k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
31 d early
2021
31 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€158k▼ 29.1%
2023 · €222k
2018: €-12k
2019: €243k
2020: €399k
2021: €335k
2022: €290k
2023: €222k
2018 → 2024
Total assets
€1.15M▲ 132%
2023 · €495k
2018: €817k
2019: €1.30M
2020: €550k
2021: €698k
2022: €779k
2023: €495k
2018 → 2024
Net result
€-65k▲ 4.1%
2023 · €-67k
2018: €-31k
2019: €255k
2020: €157k
2021: €-64k
2022: €-46k
2023: €-67k
2018 → 2024
Working capital
€51k▼ 60.8%
2023 · €129k
2018: €-9k
2019: €243k
2020: €399k
2021: €282k
2022: €211k
2023: €129k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€399k-€335k▼ 16.1%€290k▼ 13.6%€222k▼ 23.3%€158k▼ 29.1%
Operating result€207k-€-61k€-36k▲ 40.9%€-64k▼ 76.4%€-52k▲ 17.9%
Net result€157k-€-64k€-46k▲ 29.1%€-67k▼ 47.9%€-65k▲ 4.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €52k in 2024 against €64k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.15M
Fixed assets
€221k▲ 2.1%
Current assets
€927k▲ 233%
Equity and liabilities €1.15M
Equity
€158k▼ 29.1%
Debt
€990k▲ 263%
The debt ratio rises from 55.1% to 86.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-40k▲
2023 · €-54k
Cash flow
€-53k▲
2023 · €-58k
Solvency
13.7%▼
2023 · 44.9%
Current ratio
1.06▼
2023 · 1.87
Quick ratio
0.26▼
2023 · 1.52
Debt / equity
6.28▲
2023 · 1.23
ROE
-41.0%▼
2023 · -30.3%
ROA
-5.6%▲
2023 · -13.6%
Interest coverage
-2.30▲
2023 · -13.84
Debt
€990k▲
2023 · €273k
Debt ≤ 1 year
€876k▲
2023 · €149k
Debt > 1 year
€113k▼
2023 · €123k
Income taxes
€240▼
2023 · €250
Staff costs
€15k=
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€495k€1.15M▲
Fixed assets21/28€217k€221k▲
Tangible fixed assets22/27€217k€221k▲
Land and buildings22€217k€207k▼
Plant, machinery and equipment23€284-
Furniture and vehicles24-€14k
Current assets29/58€278k€927k▲
Stocks and contracts in progress3€52k€696k▲
Stocks30/36€52k€696k▲
Amounts receivable within one year40/41€220k€205k▼
Other amounts receivable41€220k€205k▼
Cash at bank and in hand54/58€3k€25k▲
Deferred charges and accrued income490/1€3k€818▼
Equity and liabilities
Total equity and liabilities10/49€495k€1.15M▲
Equity10/15€222k€158k▼
Contributions10/11€20k€20k=
Reserves13€202k€137k▼
Distributable reserves133€202k€137k▼
Amounts payable17/49€273k€990k▲
Amounts payable after more than one year17€123k€113k▼
Financial debts170/4€123k€113k▼
Amounts payable within one year42/48€149k€876k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43-€624k
Credit institutions430/8-€624k
Trade debts44€5k€24k▲
Suppliers440/4€5k€24k▲
Taxes, remuneration and social security45€3k€3k▼
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€130k€216k▲
Accrued charges and deferred income492/3€939€1k▲
Income statement
Code20232024
Remuneration, social security and pensions62€15k€15k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€-36k€-21k▲
Operating profit (loss)9901€-64k€-52k▲
Financial income75/76B€512€5k▲
Recurring financial income75€512€5k▲
Financial charges65/66B€4k€18k▲
Recurring financial charges65€4k€18k▲
Profit (loss) for the period before taxes9903€-67k€-64k▲
Income taxes67/77€250€240▼
Profit (loss) for the period9904€-67k€-65k▲
Profit (loss) for the period to be appropriated9905€-67k€-65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-65k▲
Transfer from equity791/2€67k€65k▼
Social balance
Average headcount (FTE)90870.20.2=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 3.64
Current ratio from 1.23 to 3.64; short-term debt falls from €1.06M to €151k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €255k
Net result €255k after one loss-making year.
31-12
Financial
Equity above €200kEq €243k
Equity rises from €-12k to €243k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Eeklo · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidskaai 79900 EekloGround area
350 m²
Building footprint
336 m²
Volume, LiDAR
2,934 m³
Parcel 43352F0519/00Z002, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Wulffaert Bouw
since 20182.272.541.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0519/00Z002 | Flanders | 350 m² | 1 · 336 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BAELEN D./PROJECTS
BE 0825.320.540
Izegem · Eq €158k
LAURUS MANIMMO
BE 0534.386.064
Sint-Niklaas · Eq €158k
ODD CONSTRUCT
BE 0682.966.706
Brussel · Eq €158k
SOFITERRA
BE 0837.947.168
Torhout · Eq €158k
Deblise
BE 0506.776.401
Kinrooi · Eq €157k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,824 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2018
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:wulffaert@skynet.be
Phone:093773226