DE WERELDVREDE

Active

Private limited companyfounded 201313 yrs activeSchuurstraat 74A, 9040 Gent, BelgiumKBO/BCE: BE 0525.815.422

DE WERELDVREDE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €350k and a net result of €-311. Equity is shrinking by ~23.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 39% of 310 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2024

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability19▼-1

Solvency50▼-11

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €21k at 30 days acceptable

Liquidity tight (current ratio 1.36 against 1.17 in 2023; short-term debt: 38.9% and cash: 37% of total assets), and 74.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 59

Relative position

BE, all sectors

reference

Sector 59

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

25.3%

Return on assets

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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 filings

Deviation from the deadline

2025

not confirmed

2024

42 d late

2023

34 d early

2022

27 d early

2021

31 d late

2020

31 d early

2019

112 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€350k▼ 30.1%

2023 · €501k

2018: €832k 2019: €1.33M 2020: €1.25M 2021: €1.30M 2022: €741k 2023: €501k

2018 → 2024

Total assets

€1.39M▼ 0.9%

2023 · €1.40M

2018: €2.27M 2019: €3.51M 2020: €2.94M 2021: €3.02M 2022: €1.93M 2023: €1.40M

2018 → 2024

Net result

€-311

2023 · €16k

2018: €3k 2019: €-5k 2020: €2k 2021: €-4k 2022: €-13k 2023: €16k

2018 → 2024

Working capital

€196k▲ 218%

2023 · €62k

2018: €-37k 2019: €146k 2020: €-228k 2021: €-62k 2022: €-103k 2023: €62k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1.25M-€1.30M▲ 4.2%€741k▼ 43.1%€501k▼ 32.4%€350k▼ 30.1%

Operating result€-677k-€-707k▼ 4.5%€-2.91M▼ 311%€-1.47M▲ 49.5%€-1.45M▲ 1.2%

Net result€2k-€-4k€-13k▼ 217%€16k€-311

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1.45M in 2024 against €1.47M in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.39M

46.9%

53.1%

Fixed assets €651k▼ 32.6%

Current assets €736k▲ 69.6%

Equity and liabilities €1.39M

25.3%

74.7%

Equity €350k▼ 30.1%

Debt €1.04M▲ 15.4%

The debt ratio rises from 64.2% to 74.7%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-1.13M▼

2023 · €-930k

Cash flow

€321k▼

2023 · €556k

Solvency

25.3%▼

2023 · 35.8%

Current ratio

1.36▲

2023 · 1.17

Quick ratio

1.36▲

2023 · 1.17

Debt / equity

2.96▲

2023 · 1.79

ROE

-0.1%▼

2023 · 3.2%

ROA

0.0%▼

2023 · 1.1%

Interest coverage

-134.31▼

2023 · -46.81

Debt

€1.04M▲

2023 · €898k

Debt ≤ 1 year

€540k▲

2023 · €372k

Debt > 1 year

€356k▼

2023 · €526k

Income taxes

€5k▼

2023 · €8k

Staff costs

€155k▼

2023 · €170k

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€1.40M€1.39M▼

Fixed assets21/28€965k€651k▼

Intangible fixed assets21€956k€638k▼

Tangible fixed assets22/27€4k€9k▲

Furniture and vehicles24€4k€9k▲

Financial fixed assets28€4k€4k=

Current assets29/58€434k€736k▲

Amounts receivable within one year40/41€85k€205k▲

Trade receivables40€28k€24k▼

Other amounts receivable41€58k€181k▲

Cash at bank and in hand54/58€337k€514k▲

Deferred charges and accrued income490/1€11k€17k▲

Equity and liabilities

Total equity and liabilities10/49€1.40M€1.39M▼

Equity10/15€501k€350k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€4k€4k▼

Investment grants15€476k€326k▼

Amounts payable17/49€898k€1.04M▲

Amounts payable after more than one year17€526k€356k▼

Other amounts payable178/9€526k€356k▼

Amounts payable within one year42/48€372k€540k▲

Current portion of amounts payable after more than one year42-€0

Financial debts43€125k€125k=

Credit institutions430/8€125k€125k=

Trade debts44€239k€409k▲

Suppliers440/4€239k€409k▲

Taxes, remuneration and social security45€8k€5k▼

Taxes450/3€8k€5k▼

Other amounts payable47/48€913€455▼

Accrued charges and deferred income492/3-€140k

Income statement Code20232024

Non-recurring operating income76A€3k-

Remuneration, social security and pensions62€170k€155k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€540k€321k▼

Other operating charges640/8€3k€1k▼

Non-recurring operating charges66A-€960

Gross operating margin9900€-757k€-974k▼

Operating profit (loss)9901€-1.47M€-1.45M▲

Financial income75/76B€1.51M€1.47M▼

Recurring financial income75€1.51M€1.47M▼

Financial charges65/66B€20k€8k▼

Recurring financial charges65€20k€8k▼

Profit (loss) for the period before taxes9903€24k€5k▼

Income taxes67/77€8k€5k▼

Profit (loss) for the period9904€16k€-311▼

Profit (loss) for the period to be appropriated9905€16k€-311▼

Appropriation of the result

Profit (loss) to be appropriated9906€4k€4k▼

Profit (loss) brought forward from the previous period14P€-12k€4k▲

Social balance

Average headcount (FTE)90874.13.2▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

11-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 42 days late

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €16k

Net result €16k after 2 loss-making years.

04-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €-13k

Net result drops to €-13k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 31 days late

2021

30-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

20-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 112 days late

2019

31-12

Financial Equity above €1MEq €1.33M ▲59.3%

Equity rises from €832k to €1.33M.

17-09

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 48 days late

2018

27-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 58 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 31 days late

2016

26-07

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

3 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, Gent · 2 establishment units since 2013

establishment All 2 establishment units on the map

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.

Schuurstraat 74A9040 Gent

Ground area

6,047 m²

Building footprint

3,763 m²

Volume, LiDAR

25,949 m³

3 parcels, Brussels, Flanders · tallest building 18.2 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

De Wereldvrede

Schuurstraat 74, 9040 GentProduction of cinema films

since 20132.218.198.176

Pax Mundi

Deschampheleerstraat 26, 1081 KoekelbergProduction of cinema films

since 20212.321.016.493

3 parcels

Flanders 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21492B0371/00M004	Brussels	3,228 m²	1 · 2,473 m²	18.2 m · 3 fl.
44432C0128/00H005	Flanders	1,510 m²	1 · 848 m²	5.4 m · 1 fl.
44432C0128/00L005	Flanders	1,309 m²	1 · 442 m²	7.8 m · 2 fl.