BAD WEELDE
ActiveSummary
BAD WEELDE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €278k and a net result of €-172k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▼-41
Solvency43▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.34 in 2023; short-term debt: 80.7% and cash: 2.6% of total assets), and 82.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
17.9%
Return on assets
-11.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
50 d early
2022
31 d late
2021
31 d early
2020
30 d late
2019
56 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€278k▼ 38.2%
2023 · €450k
2018: €43k
2019: €124k
2020: €290k
2021: €414k
2022: €443k
2023: €450k
2018 → 2024
Total assets
€1.55M▲ 6.9%
2023 · €1.45M
2018: €894k
2019: €1.55M
2020: €2.73M
2021: €1.98M
2022: €1.69M
2023: €1.45M
2018 → 2024
Net result
€-172k
2023 · €7k
2018: €39k
2019: €196k
2020: €188k
2021: €124k
2022: €48k
2023: €7k
2018 → 2024
Working capital
€184k▼ 45.9%
2023 · €340k
2018: €8k
2019: €97k
2020: €246k
2021: €327k
2022: €362k
2023: €340k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€290k-€414k▲ 42.8%€443k▲ 7.2%€450k▲ 1.6%€278k▼ 38.2%
Operating result€264k-€177k▼ 33.0%€90k▼ 49.1%€47k▼ 48.2%€-134k
Net result€188k-€124k▼ 34.2%€48k▼ 61.2%€7k▼ 85.1%€-172k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €134k after €47k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.55M
Fixed assets
€116k ▼ 7.2%
Current assets
€1.44M ▲ 8.3%
Equity and liabilities €1.55M
Equity
€278k ▼ 38.2%
Debt
€1.28M ▲ 27.2%
Debt's share of the balance-sheet total rises from 69.0% to 82.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-90k▼
2023 · €91k
Cash flow
€-127k▼
2023 · €52k
Current ratio
1.15▼
2023 · 1.34
Quick ratio
0.58▼
2023 · 0.66
Debt to equity
4.58▲
2023 · 2.23
ROE
-61.8%▼
2023 · 1.6%
ROA
-11.1%▼
2023 · 0.5%
Interest coverage
-2.42▼
2023 · 3.25
Debt ≤ 1 year
€1.25M▲
2023 · €987k
Debt > 1 year
€21k▲
2023 · €15k
Income taxes
€380▼
2023 · €11k
Staff costs
€586k▲
2023 · €558k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.45M€1.55M▲
Fixed assets21/28€125k€116k▼
Intangible fixed assets21€6k€12k▲
Tangible fixed assets22/27€114k€104k▼
Plant, machinery and equipment23€40k€43k▲
Furniture and vehicles24€67k€61k▼
Assets under construction and advance payments27€7k€0▼
Financial fixed assets28€4k€0▼
Current assets29/58€1.33M€1.44M▲
Stocks and contracts in progress3€677k€711k▲
Stocks30/36€677k€711k▲
Amounts receivable within one year40/41€621k€669k▲
Trade receivables40€435k€552k▲
Other amounts receivable41€186k€117k▼
Cash at bank and in hand54/58€28k€41k▲
Deferred charges and accrued income490/1€2k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.45M€1.55M▲
Equity10/15€450k€278k▼
Contributions10/11€19k€19k=
Reserves13€432k€260k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€432k€260k▼
Amounts payable17/49€1.00M€1.28M▲
Amounts payable after more than one year17€15k€21k▲
Financial debts170/4€15k€21k▲
Amounts payable within one year42/48€987k€1.25M▲
Current portion of amounts payable after more than one year42€56k€26k▼
Financial debts43€334k€250k▼
Credit institutions430/8€334k€250k▼
Trade debts44€284k€410k▲
Suppliers440/4€284k€410k▲
Advances received on contracts in progress46€97k€0▼
Taxes, remuneration and social security45€57k€69k▲
Taxes450/3€952€1k▲
Remuneration and social security454/9€56k€68k▲
Other amounts payable47/48€159k€498k▲
Accrued charges and deferred income492/3€131€0▼
Income statement
Code20232024
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€558k€586k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€45k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€0▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€13k€11k▼
Gross operating margin9900€672k€506k▼
Operating profit (loss)9901€47k€-134k▼
Financial income75/76B€151€32▼
Recurring financial income75€151€32▼
Financial charges65/66B€28k€37k▲
Recurring financial charges65€28k€37k▲
Profit (loss) for the period before taxes9903€19k€-172k▼
Income taxes67/77€11k€380▼
Profit (loss) for the period9904€7k€-172k▼
Profit (loss) for the period to be appropriated9905€7k€-172k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-172k▼
Transfer from equity791/2-€172k
Transfer to equity691/2€7k€0▼
To other reserves6921€7k€0▼
Social balance
Average headcount (FTE)908711.511.0▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €-172k ▼2495%
Net result drops to €-172k, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Equity above €200kEq €290k ▲133%
3 profitable years in a row build equity to €290k.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
31-12
Financial
Highest result since 2018net €196k ▲405%
Net result €196k, the highest in the series.
31-12
Financial
Equity above €100kEq €124k ▲191%
2 profitable years in a row build equity to €124k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Beerse · 4 establishment units since 1990
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.
Turnhoutseweg 672340 BeerseGround area
8,498 m²
Building footprint
2,457 m²
Volume, LiDAR
4,853 m³
4 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
Turnhoutseweg 67, 2340 Beerse
since 19902.046.432.754
Bad Weelde
since 20082.172.723.487
Bad Weelde
since 20082.172.739.820
Tortelstraat 39, 2400 Mol
since 20212.315.379.409
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0244/00A000 | Flanders | 3,461 m² | 1 · 1,052 m² | 7.3 m · 2 fl. |
| 13004C0219/00P011 | Flanders | 3,143 m² | 1 · 1,079 m² | 4.2 m |
| 71303B0050/00V015 | Flanders | 1,774 m² | 1 · 326 m² | - |
| 12002C0798/00K002 | Flanders | 121 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 266 EUR awarded · 266 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 266 EUR | 266 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ATELIER DEDE
BE 0879.254.322
Beringen · Eq €278,364
VAN GOMPEL PASCAL
BE 0465.177.257
Mol · Eq €278,332
"THASTEL"
BE 0735.827.647
Wommelgem · Eq €278,297
SKD INTERNATIONAL
BE 0880.292.618
Antwerpen · Eq €278,654
ATELIER DU PIANO
BE 0436.622.734
Etalle · Eq €279,957
Of 4,243 companies in sector 47789 we hold annual accounts for 1,019. 760 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46496Wholesale trade
47789Other retail sale of new goods
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.