Bankrupt · Opening faillissement (CBE)

WES PROJECTS

BE0761924508

Rechtspersoon Private limited company 1 establishment

WES PROJECTS is an electrical contractor in Destelbergen. Private Limited, started on 22 January 2021, 1 establishment.

Isabella Haeckstraat 17 box F, 9070 Destelbergen

Behind the company: Wouter De Mey.

Start date

22 January 2021

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 1 of the last 2 fiscal years.

  • Tight liquidity NBB

    Cash and receivables cover 39 % of short-term debt in 2022; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

WES PROJECTS from Destelbergen, company number BE0761924508, closed financial year 2022 with a result of € -65,115 after tax. For that financial year WES PROJECTS recorded a gross margin of € -56,807 and equity of € -28,289. Compared with financial year 2021, the result moved from € 16,826 to € -65,115. The company made a loss. 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 October 26, 2023.

What it is worth Caution

€ -28,289

▼ € 65,115 vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -65,115

▼ still € 16,826 profit in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 678

▼ 97% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -48,289.

People and assets in 2022

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 7,717

▲ 31% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt ≈ 2 years to go

€ 44,897

▲ 54% vs 2021

€ 10,020 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 15,416

▼ 54% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 6,454

▲ 3% vs 2021

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € 27,440 € -56,807 ▼ € 84,247
Profit after taxes € 16,826 € -65,115 ▼ € 81,941
Equity € 36,826 € -28,289 ▼ € 65,115
Total debts € 68,718 € 86,768 ▲ 26%
Cash € 19,504 € 678 ▼ 97%
Retained profit € 16,826 € -48,289 ▼ € 65,115
Bank debt € 29,198 € 44,897 ▲ 54%
Balance sheet total € 105,544 € 58,479 ▼ 45%

Key figures of WES PROJECTS, fiscal years 2021 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 WES PROJECTS?

What happened at WES PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

WES PROJECTS is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2022: loss of € 65,115 (▼ € 81,941 vs 2021). filed late Source: NBB ↗
  • New establishment in Gent. KBO
  • Start of the company according to the CBE. KBO
  • Wouter De Mey became a director. NBB

In short

From € 16,826 profit in 2021 to € 65,115 loss in 2022.

Paid € 6,454 in corporate taxes since 2021.

Best year ever: 2021, with € 16,826 profit.

Management

Wouter De Mey
WES PROJECTS

Behind WES PROJECTS is Wouter De Mey.

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Directors

According to the 2022 annual accounts

Wouter De Mey

Director

since 2021

Establishments

Establishment units

Physical locations of this company

Registered office

Isabella Haeckstraat 17 box F

9070 Destelbergen

2.312.406.061

Industrieweg 122D

9032 Gent

Active since 22 January 2021

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 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
0761.924.508
VAT number
BE 0761.924.508
Registered office
Isabella Haeckstraat 17 bus F, 9070 Destelbergen
Names & denominations
WES PROJECTS
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
22 January 2021
Peppol
Not registered
Activities · NACE

Algemene elektrotechnische installatiewerken

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Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Frequently asked questions

What does WES PROJECTS do?
WES PROJECTS is an electrical contractor in Destelbergen. Private Limited, started on 22 January 2021, 1 establishment.
What is the address of WES PROJECTS?
The registered office of WES PROJECTS is located at Isabella Haeckstraat 17 box F, 9070 Destelbergen.
Is WES PROJECTS still active?
No. The CBE lists WES PROJECTS with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is WES PROJECTS registered on Peppol?
No, WES PROJECTS is currently not registered on the Peppol network.
What is the enterprise number of WES PROJECTS?
The enterprise number of WES PROJECTS is BE0761924508.
When was WES PROJECTS founded?
WES PROJECTS was founded on 22 January 2021.