Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
W Projects from Herentals, company number BE0822070446, closed financial year 2025 with a result of € 314,077 after tax. For that financial year W Projects recorded a gross margin of € 640,199 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 383,957 to € 314,077. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 1.4 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 314,077
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 134,382
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 78,298 paid out
25 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 195,985
▲ 9% vs 2024
Of which on lease € 94,488.
Debts at end 2025
€ 1.2 million
▼ 9% vs 2024
€ 169,464 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 17,195
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,325
▼ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 234,234 | € 529,363 | € 671,700 | € 640,199 | ▼ 5% |
| Profit after taxes | € 121,871 | € 278,714 | € 383,957 | € 314,077 | ▼ 18% |
| Equity | € 547,416 | € 826,130 | € 1,134,662 | € 1,370,441 | ▲ 21% |
| Total debts | € 565,887 | € 1,293,914 | € 1,850,248 | € 1,445,240 | ▼ 22% |
| Cash | € 372,633 | € 97,971 | € 164,139 | € 134,382 | ▼ 18% |
| Land & buildings | € 753,192 | € 1,194,967 | € 1,430,726 | € 1,519,880 | ▲ 6% |
| Retained profit | € 528,816 | € 807,530 | € 1,116,062 | € 1,351,841 | ▲ 21% |
| Dividend | € 47,758 | € 0 | € 75,425 | € 78,298 | ▲ 4% |
| Bank debt | € 479,034 | € 1,217,758 | € 1,351,927 | € 1,224,321 | ▼ 9% |
| Balance sheet total | € 1,172,012 | € 2,178,379 | € 3,041,398 | € 2,870,187 | ▼ 6% |
Key figures of W Projects, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to W Projects?
What happened at W Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 314,077 (▼ 18% vs 2024). filed late Source: NBB ↗
- Matthias Wullaert became a director. NBB
- Alexander Wullaert became a director. NBB
- New establishment in Herentals. KBO
- Erik Wullaert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 121,871 profit in 2022 to € 314,077 profit in 2025.
Paid € 542,080 in corporate taxes since 2022.
Best year ever: 2024, with € 383,957 profit.
Paid out € 201,481 in dividends to the owners in total.
A new publication or filing at W 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
Behind W Projects are Matthias Wullaert, Alexander Wullaert and Erik Wullaert. It owns 50% of Ucomar itself.
Directors
According to the 2025 annual accounts
since 2020
Alexander Wullaert
Director
since 2018
since 2010
Establishments
Establishment units
Physical locations of this company
Fabiolastraat(NDW) 13
2200 Herentals
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0822.070.446
- VAT number
- BE 0822.070.446
- Registered office
- Fabiolastraat(NDW) 13, 2200 Herentals
- Names & denominations
- W Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 2010
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
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Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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