Checked.be
Active
BE 0830.908.334Private limited company
W & K PROJECTS
Vlieghavenlaan 77 ·3140 Keerbergen, Belgium· 15 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
W & K PROJECTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €164k and a net result of €13k. Equity is shrinking by ~26.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 37978 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 | €164k |
| Net result | €13k |
| Better than sector | 23% |
| Active | 15 yrs |
Financial profile
60
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
66
Profitability
39
Solvency
37
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 15 years in business.
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
66
/ 100
Healthy
Computed from 5 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
€11k
estimate, not credit advice
Score history
68
2021
91
2022
86
2023
66
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.03 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.03 (≥ 1.0)
+5
Leverage
Debt/equity 3.08 (> 3.0)
-10
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 9.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2026, 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 (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.5% | 58.2% | |
| Net result | €13k | €26k | |
| Equity | €164k | €90k | |
| Gross operating margin | €30k | €52k | |
| Total assets | €670k | €189k |
€26k
+24.6%
21-24
€13k
+52.8%
21-24
€30k
+17.1%
21-24
€670k
-8.8%
21-24
€164k
-65.6%
21-24
€7k
-97.6%
21-24
€1k
+52.8%
21-24
€326k
-
21-24
€506k
+96.4%
21-24
€288k
+966.3%
21-24
€218k
-5.5%
21-24
1.03
-91.9%
21-24
1.03
-91.9%
21-24
24.5%
-62.3%
21-24
3.08
+471.1%
21-24
7.8%
+344.3%
21-24
1.9%
+67.6%
21-24
9.82
+30.3%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €26k | €21k | €25k | €9k |
| Net profit | €13k | €8k | €13k | €-11k |
| Cash flow | €30k | €26k | €30k | €14k |
| Staff costs | - | - | - | - |
| Income taxes | €1k | €835 | €1k | - |
| Dividends | €326k | €0 | €124k | - |
| Total assets | €670k | €735k | €860k | €859k |
| Equity | €164k | €478k | €469k | €580k |
| Debt | €506k | €258k | €391k | €279k |
| of which ≤ 1y | €288k | €27k | €147k | €23k |
| of which > 1y | €218k | €231k | €243k | €256k |
| Working capital | €7k | €316k | €303k | €409k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.03 | 12.70 | 3.06 | 18.80 |
| Quick ratio | 1.03 | 12.70 | 3.06 | 18.80 |
| Working capital ratio | 1.1% | 43.0% | 35.2% | 47.6% |
| Solvency | 24.5% | 64.9% | 54.6% | 67.6% |
| Debt / equity | 3.08 | 0.54 | 0.83 | 0.48 |
| Long-term debt ratio | 1.33 | 0.48 | 0.52 | 0.44 |
| Interest coverage | 9.82 | 7.54 | 8.54 | 2.63 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.9% | 1.1% | 1.5% | -1.2% |
| ROE | 7.8% | 1.7% | 2.7% | -1.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 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 | €670k | €735k | €860k | €859k |
| Fixed assets | 21/28 | €375k | €392k | €409k | €427k |
| Tangible fixed assets | 22/27 | €375k | €392k | €409k | €427k |
| Current assets | 29/58 | €296k | €343k | €450k | €432k |
| Amounts receivable within one year | 40/41 | €0 | €50k | €38k | €25k |
| Cash & bank | 54/58 | €3k | €6k | €16k | €18k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €670k | €735k | €860k | €859k |
| Equity | 10/15 | €164k | €478k | €469k | €580k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k |
| Reserves | 13 | €144k | €458k | €449k | €560k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | - |
| Amounts payable | 17/49 | €506k | €258k | €391k | €279k |
| Amounts payable after one year | 17 | €218k | €231k | €243k | €256k |
| Amounts payable within one year | 42/48 | €288k | €27k | €147k | €23k |
| Trade debts payable within one year | 44 | €187 | €0 | €167 | €34 |
| Income statement | |||||
| Gross operating margin | 9900 | €30k | €25k | €29k | €22k |
| Operating result | 9901 | €9k | €4k | €8k | €-15k |
| Financial income | 75 | €8k | €8k | €9k | €8k |
| Financial charges | 65 | €3k | €3k | €3k | €3k |
| Result before taxes | 9903 | €14k | €9k | €14k | €-11k |
| Income taxes | 67/77 | €1k | €835 | €1k | - |
| Net result for the period | 9904 | €13k | €8k | €13k | €-11k |
| Result to be appropriated | 9905 | €13k | €8k | €13k | €-11k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 25-10-2010 |
| Status | Active |
| Postal code | 3140 |
Establishment units
W & K Projects
since 20102.194.133.961
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0017/00Y000 | Flanders | 1,840 m² | 1 · 303 m² | 19.8 m · 3 fl. |
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.
Updates
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €13k ▲52.8%
Operating result €9k, net result €13k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 12.70
Current ratio from 3.06 to 12.70; short-term debt falls from €147k to €27k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 9 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 consultancy70200Public relations and communication consultancy73300Other business support services82990
Names & trade names
| Legal nameNL | W & K PROJECTS |
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