A. WELSCH
ActiveA. WELSCH has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98k and a net result of €-3k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 31% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency49▲+5
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.07 in 2023), and 70.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
29.5%
Return on assets
-1%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
61 d late
2022
65 d late
2021
53 d late
2020
82 d late
2019
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€98k▼ 3.4%
2023 · €101k
2018: €149k
2019: €103k
2020: €102k
2021: €109k
2022: €138k
2023: €101k
2018 → 2024
Total assets
€332k▼ 9.5%
2023 · €368k
2018: €342k
2019: €572k
2020: €514k
2021: €523k
2022: €431k
2023: €368k
2018 → 2024
Net result
€-3k▲ 90.4%
2023 · €-36k
2018: €3k
2019: €-46k
2020: €-904
2021: €7k
2022: €28k
2023: €-36k
2018 → 2024
Working capital
€16k▲ 73.1%
2023 · €9k
2018: €-49k
2019: €-48k
2020: €-53k
2021: €-13k
2022: €7k
2023: €9k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€102k-€109k▲ 7.1%€138k▲ 26.0%€101k▼ 26.2%€98k▼ 3.4%
Operating result€7k-€14k▲ 95.0%€35k▲ 149%€-30k€4k
Net result€-904-€7k€28k▲ 295%€-36k€-3k▲ 90.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €30k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €332k
Fixed assets
€180k▼ 21.0%
Current assets
€152k▲ 9.1%
Equity and liabilities €332k
Equity
€98k▼ 3.4%
Debt
€234k▼ 11.9%
The debt ratio falls from 72.4% to 70.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€55k▲
2023 · €48k
Cash flow
€48k▲
2023 · €41k
Solvency
29.5%▲
2023 · 27.6%
Current ratio
1.11▲
2023 · 1.07
Quick ratio
0.91▲
2023 · 0.70
Debt / equity
2.39▼
2023 · 2.62
ROE
-3.5%▲
2023 · -35.5%
ROA
-1.0%▲
2023 · -9.8%
Interest coverage
6.35▲
2023 · 6.30
Debt
€234k▼
2023 · €266k
Debt ≤ 1 year
€137k▲
2023 · €130k
Debt > 1 year
€92k▼
2023 · €132k
Income taxes
€228▲
2023 · €214
Staff costs
€139k▲
2023 · €137k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€368k€332k▼
Fixed assets21/28€228k€180k▼
Tangible fixed assets22/27€227k€179k▼
Land and buildings22€67k€57k▼
Plant, machinery and equipment23€111k€88k▼
Furniture and vehicles24€49k€35k▼
Financial fixed assets28€900€900=
Current assets29/58€140k€152k▲
Stocks and contracts in progress3€48k€28k▼
Stocks30/36€48k€28k▼
Amounts receivable within one year40/41€72k€110k▲
Trade receivables40€70k€107k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€15k€10k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€368k€332k▼
Equity10/15€101k€98k▼
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€74k€74k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€-47k€-51k▼
Amounts payable17/49€266k€234k▼
Amounts payable after more than one year17€132k€92k▼
Financial debts170/4€117k€89k▼
Other amounts payable178/9€15k€4k▼
Amounts payable within one year42/48€130k€137k▲
Current portion of amounts payable after more than one year42€28k€34k▲
Financial debts43€67k€67k▲
Other loans439€67k€67k▲
Trade debts44€8k€16k▲
Suppliers440/4€8k€16k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€28k€15k▼
Taxes450/3€8k€3k▼
Remuneration and social security454/9€20k€12k▼
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62€137k€139k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€51k▼
Other operating charges640/8€10k€10k▼
Gross operating margin9900€195k€204k▲
Operating profit (loss)9901€-30k€4k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€-36k€-3k▲
Income taxes67/77€214€228▲
Profit (loss) for the period9904€-36k€-3k▲
Profit (loss) for the period to be appropriated9905€-36k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-51k▼
Profit (loss) brought forward from the previous period14P€-11k€-47k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 65 days late
2022
31-12
Financial
Highest result since 2018net €28k ▲295%
Operating result €35k, net result €28k, both a record.
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 53 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 82 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
31-12
Financial
Weakest financial yearnet €-46k ▼1726%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Büllingen · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Morsheck 74760 Büllingen1 establishment unit
Morsheck 7, 4760 Büllingen
since 19952.069.637.035
Recognitions · licences · registrations
Recognised contractor
5 categoriesA. WELSCH SA43674
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Of 1,594 companies in sector 16230 we hold annual accounts for 777. 618 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-11-1994
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
45421
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
43230Insulation installation
43291Specialised construction activities
43343Specialised construction activities
43410Roofing work
45220
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filings
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.schreiner.be
E-mail:info@schreiner.be