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.
| 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.
Management
Behind WF-Projects is Frederik Cloet.
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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