Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
WF-Projects from Wetteren, company number BE0742598049, closed financial year 2022 with a result of € 3,719 after tax. For that financial year WF-Projects recorded a gross margin of € 59,444 and equity of € -39,383. Compared with financial year 2021, the result moved from € 23,790 to € 3,719. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 22, 2024.
€ -39,383
▲ € 3,719 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,719
▼ 84% vs 2021
Profit after tax over the fiscal year.
€ 0
▼ € 428 vs 2021
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € -59,383.
People and assets in 2022
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 25,227
▲ € 24,262 vs 2021
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,389
▼ 33% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 61,408
▼ 17% vs 2021
€ 14,393 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 90,306
▲ 5% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 1,839
▼ 74% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2020 | 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|---|
| Gross margin | € -44,364 | € 52,465 | € 59,444 | ▲ 13% |
| Profit after taxes | € -86,892 | € 23,790 | € 3,719 | ▼ 84% |
| Equity | € -66,892 | € -43,102 | € -39,383 | ▲ € 3,719 |
| Total debts | € 175,773 | € 173,797 | € 155,255 | ▼ 11% |
| Cash | € 4,327 | € 429 | € 0 | ▼ € 428 |
| Retained profit | € -86,892 | € -63,102 | € -59,383 | ▲ € 3,719 |
| Bank debt | € 77,835 | € 74,424 | € 61,408 | ▼ 17% |
| Balance sheet total | € 108,881 | € 130,695 | € 115,872 | ▼ 11% |
Key figures of WF-Projects, fiscal years 2020 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to WF-Projects?
What happened at WF-Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
WF-Projects is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: profit of € 3,719 (▼ 84% vs 2021). filed late Source: NBB ↗
- Wesley Herman stepped down as director. NBB
- New establishment in Wetteren. KBO
- Frederik Cloet became a director. NBB
- Wesley Herman became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 86,892 loss in 2020 to € 3,719 profit in 2022.
Best year ever: 2021, with € 23,790 profit.
A new publication or filing at WF-Projects? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2022 annual accounts
Frederik Cloet
Director
since 2020
Wesley Herman
Director
since 2020 · until 2023
Establishments
Establishment units
Physical locations of this company
Hekkouter 2
9230 Wetteren
Vantegemstraat 2
9230 Wetteren
Active since 28 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0742.598.049
- VAT number
- BE 0742.598.049
- Registered office
- Hekkouter 2, 9230 Wetteren
- Names & denominations
- WF-Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 28 January 2020
- Peppol
- Not registered
- Activities · NACE
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