AKWELD
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 4 days after the deadline Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00378591.
Annual accounts 2025 filed on 04-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 62% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €5,700 |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €1,340 | €1,276 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,340 | €1,276 | ▼ 4.7% |
| Other operating charges640/8 | €147 | €411 | ▲ 180% |
| Gross operating margin9900 | €99,074 | €38,930 | ▼ 60.7% |
| Operating profit (loss)9901 | €97,587 | €37,242 | ▼ 61.8% |
| Financial income75/76B | €0 | €4 | ▲ 74× |
| Recurring financial income75 | €0 | €4 | ▲ 74× |
| Financial charges65/66B | €44 | €58 | ▲ 31.7% |
| Recurring financial charges65 | €44 | €58 | ▲ 31.7% |
| Profit (loss) for the period before taxes9903 | €97,544 | €37,189 | ▼ 61.9% |
| Income taxes67/77 | €19,801 | €7,739 | ▼ 60.9% |
| Profit (loss) for the period9904 | €77,742 | €29,450 | ▼ 62.1% |
| Profit (loss) for the period to be appropriated9905 | €77,742 | €29,450 | ▼ 62.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €117,380 | €149,289 | ▲ 27.2% |
| Formation expenses20 | €116 | €0 | ▼ 100% |
| Fixed assets21/28 | - | €5,139 | - |
| Tangible fixed assets22/27 | - | €4,539 | - |
| Plant, machinery and equipment23 | - | €4,539 | - |
| Financial fixed assets28 | - | €600 | - |
| Current assets29/58 | €117,264 | €144,150 | ▲ 22.9% |
| Amounts receivable after more than one year29 | €55,000 | €72,000 | ▲ 30.9% |
| Other amounts receivable291 | €55,000 | €72,000 | ▲ 30.9% |
| Amounts receivable within one year40/41 | €21,464 | €21,215 | ▼ 1.2% |
| Trade receivables40 | €19,474 | €19,735 | ▲ 1.3% |
| Other amounts receivable41 | €1,990 | €1,480 | ▼ 25.6% |
| Cash at bank and in hand54/58 | €39,955 | €47,816 | ▲ 19.7% |
| Deferred charges and accrued income490/1 | €845 | €3,119 | ▲ 269% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €117,380 | €149,289 | ▲ 27.2% |
| Equity10/15 | €82,742 | €112,192 | ▲ 35.6% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €77,742 | €107,192 | ▲ 37.9% |
| Distributable reserves133 | €77,742 | €107,192 | ▲ 37.9% |
| Amounts payable17/49 | €34,638 | €37,097 | ▲ 7.1% |
| Amounts payable within one year42/48 | €34,638 | €37,097 | ▲ 7.1% |
| Trade debts44 | €8,175 | €9,317 | ▲ 14.0% |
| Suppliers440/4 | €8,175 | €9,317 | ▲ 14.0% |
| Taxes, remuneration and social security45 | €19,959 | €27,540 | ▲ 38.0% |
| Taxes450/3 | €19,959 | €27,540 | ▲ 38.0% |
| Other amounts payable47/48 | €6,504 | €239 | ▼ 96.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €77,742 | €29,450 | ▼ 62.1% |
| + Depreciation and write-downs630 | €1,340 | €1,276 | ▼ 4.7% |
| Operating cash flow (approximation) | €79,082 | €30,727 | ▼ 61.1% |
| Change in cash | - | €7,861 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as AKWELD has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of AKWELD itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for AKWELD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.