WY PROJECTS
ActiveSummary
WY PROJECTS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€271,836) and a net result of -€186,983. Its solvency ranks better than 11% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6=
Solvency10▼-12
Growth32
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.43 against 4.0 in 2024; short-term debt: 19.6% and cash: 1.5% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-14.7%
Return on assets
-10.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€271,836
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
2 d early
2024
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€322,758
EBIT margin
-31.4%
Net result
-€186,983▼ 1.2%
2024 · -€184,853
Working capital
€1.2m▼ 24.1%
2024 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Turnover€322,758-
Operating result-€101,402--€108,210▼ 6.7%
Net result-€184,853below the sector's middle half--€186,983below the sector's middle half▼ 1.2%
EBIT margin-31.4%-
Equity-€84,853below the sector's middle half--€271,836below the sector's middle half▼ 220%
Total assets€2.5mabove the sector's middle half-€1.9mabove the sector's middle half▼ 25.1%
Debt€2.6m-€2.1m▼ 16.9%
Working capital€1.6m-€1.2m▼ 24.1%
Solvency-3.4%below the sector's middle half--14.7%below the sector's middle half▼ 11.2pp
Staff (FTE)1-1=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €108,210 in 2025 against €101,402 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€246,638 ▼ 14.4%
Current assets
€1.6m ▼ 26.5%
Key figures and ratios
EBITDA
-€57,500▲
2024 · -€71,483
Cash flow
-€136,273▲
2024 · -€154,934
Current ratio
4.43▲
2024 · 4.00
Quick ratio
0.16▼
2024 · 0.43
Debt to equity
-7.82▲
2024 · -30.17
ROA
-10.1%▼
2024 · -7.5%
Interest coverage
-0.72▲
2024 · -0.79
Debt ≤ 1 year
€362,698▼
2024 · €546,621
Debt > 1 year
€1.8m▼
2024 · €2.0m
Staff costs
€57,052▲
2024 · €12,236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.2%
went bankrupt
5.3%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,657 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €322,758 | - | - |
| Non-recurring operating income76A | €0 | €9,755 | - |
| Goods, raw materials, services and sundry goods60/61 | €2.3m | - | - |
| Remuneration, social security and pensions62 | €12,236 | €57,052 | ▲ 366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,919 | €50,710 | ▲ 69.5% |
| Other operating charges640/8 | €1,196 | €2,071 | ▲ 73.2% |
| Non-recurring operating charges66A | - | €546 | - |
| Gross operating margin9900 | -€58,051 | €2,169 | ▲ 104% |
| Operating profit (loss)9901 | -€101,402 | -€108,210 | ▼ 6.7% |
| Financial income75/76B | €7,433 | €556 | ▼ 92.5% |
| Recurring financial income75 | €7,433 | €556 | ▼ 92.5% |
| Financial charges65/66B | €90,884 | €79,329 | ▼ 12.7% |
| Recurring financial charges65 | €90,884 | €79,329 | ▼ 12.7% |
| Profit (loss) for the period before taxes9903 | -€184,853 | -€186,983 | ▼ 1.2% |
| Profit (loss) for the period9904 | -€184,853 | -€186,983 | ▼ 1.2% |
| Profit (loss) for the period to be appropriated9905 | -€184,853 | -€186,983 | ▼ 1.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.5m | €1.9m | ▼ 25.1% |
| Fixed assets21/28 | €288,223 | €246,638 | ▼ 14.4% |
| Tangible fixed assets22/27 | €288,223 | €246,638 | ▼ 14.4% |
| Plant, machinery and equipment23 | €130,004 | €124,519 | ▼ 4.2% |
| Furniture and vehicles24 | €158,219 | €122,119 | ▼ 22.8% |
| Current assets29/58 | €2.2m | €1.6m | ▼ 26.5% |
| Stocks and contracts in progress3 | €1.9m | €1.5m | ▼ 20.5% |
| Stocks30/36 | €1.9m | €1.5m | ▼ 20.5% |
| Amounts receivable within one year40/41 | €35,745 | €19,191 | ▼ 46.3% |
| Trade receivables40 | €32,273 | €15,560 | ▼ 51.8% |
| Other amounts receivable41 | €3,472 | €3,630 | ▲ 4.6% |
| Cash at bank and in hand54/58 | €190,538 | €26,929 | ▼ 85.9% |
| Deferred charges and accrued income490/1 | €10,733 | €12,315 | ▲ 14.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.5m | €1.9m | ▼ 25.1% |
| Equity10/15 | -€84,853 | -€271,836 | ▼ 220% |
| Contributions10/11 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€184,853 | -€371,836 | ▼ 101% |
| Amounts payable17/49 | €2.6m | €2.1m | ▼ 16.9% |
| Amounts payable after more than one year17 | €2.0m | €1.8m | ▼ 12.4% |
| Financial debts170/4 | €2.0m | €1.8m | ▼ 12.4% |
| Amounts payable within one year42/48 | €546,621 | €362,698 | ▼ 33.6% |
| Current portion of amounts payable after more than one year42 | €41,554 | €43,223 | ▲ 4.0% |
| Trade debts44 | €123,998 | €67,490 | ▼ 45.6% |
| Suppliers440/4 | €123,998 | €67,490 | ▼ 45.6% |
| Taxes, remuneration and social security45 | €58,043 | €5,124 | ▼ 91.2% |
| Taxes450/3 | €56,351 | €5,082 | ▼ 91.0% |
| Remuneration and social security454/9 | €1,691 | €43 | ▼ 97.5% |
| Other amounts payable47/48 | €323,026 | €246,861 | ▼ 23.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€184,853 | -€186,983 | ▼ 1.2% |
| + Depreciation and write-downs630 | €29,919 | €50,710 | ▲ 69.5% |
| Operating cash flow (approximation) | -€154,934 | -€136,273 | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | -€9,125 | - |
| Change in cash | - | -€163,609 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
08-07
State Gazette act
Resignation: Yves Vanden Bussche (director)Appointment: VALKA PROJECTS (director) · Permanent representative: Wout Valcke · Director discharge5 facts ▸
State Gazette act
Resignation: Yves Vanden Bussche (director)
Appointment: VALKA PROJECTS (director) · Permanent representative: Wout Valcke · Director discharge5 facts ▸
- General meeting, 12-06-2026
- Director resignation, Yves Vanden Bussche (director)
- Director discharge, Yves Vanden Bussche (director)
- Director appointment, VALKA PROJECTS (director)
- Permanent representative, Wout Valcke (permanent representative)
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
VALKA PROJECTS
CurrentDirector · since 08-07-2026 · Legal entity
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2023
Ground area
1,105 m²
Building footprint
249 m²
Volume, LiDAR
1,418 m³
Parcel 34452B0763/00E000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
WY PROJECTS
since 20232.347.005.169
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0763/00E000 | Flanders | 1,105 m² | 1 · 249 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VALKA PROJECTS |
|
| Yves Vanden Bussche |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 617 EUR awarded · 617 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 617 EUR | 617 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0803339053
Also
9925:BE0803339053
Registered
10-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.