IMMO W.E.P.
ActiveSummary
IMMO W.E.P. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €230,184 and a net result of €37,953. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 61% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-19
Solvency69▼-30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 3.02 in 2023; short-term debt: 10.6% and cash: 3.4% of total assets), but 56.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €230,184
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
45 d early
2023
30 d late
2022
30 d early
2021
31 d late
2020
145 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 July (5 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€37,953▼ 35.5%
2023 · €58,839
Working capital
€58,401▼ 18.8%
2023 · €71,892
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€53,709▼ 34.2%-€28,422-€81,818▼ 188%€64,423€37,405▼ 41.9%
Net result€17,425within the sector's middle half▼ 61.1%-€30,264below the sector's middle half-€85,680below the sector's middle half▼ 183%€58,839within the sector's middle half€37,953within the sector's middle half▼ 35.5%
Equity€249,335within the sector's middle half▲ 7.5%€219,072within the sector's middle half▼ 12.1%€133,392within the sector's middle half▼ 39.1%€192,230within the sector's middle half▲ 44.1%€230,184within the sector's middle half▲ 19.7%
Total assets€446,435below the sector's middle half▼ 75.5%€468,019below the sector's middle half▲ 4.8%€393,080below the sector's middle half▼ 16.0%€260,782below the sector's middle half▼ 33.7%€528,442below the sector's middle half▲ 103%
Debt€197,100▼ 87.6%€248,948▲ 26.3%€259,688▲ 4.3%€68,552▼ 73.6%€298,258▲ 335%
Working capital€190,180within the sector's middle half▼ 14.2%€133,545within the sector's middle half▼ 29.8%€133,469within the sector's middle half▼ 0.1%€71,892within the sector's middle half▼ 46.1%€58,401within the sector's middle half▼ 18.8%
Solvency55.9%within the sector's middle half▲ 43.1pp46.8%within the sector's middle half▼ 9.0pp33.9%within the sector's middle half▼ 12.9pp73.7%above the sector's middle half▲ 39.8pp43.6%within the sector's middle half▼ 30.2pp
Current ratio2.15within the sector's middle half▲ 1.001.63within the sector's middle half▼ 0.511.61within the sector's middle half▼ 0.023.02within the sector's middle half▲ 1.412.04within the sector's middle half▼ 0.98
Return on assets (ROA)3.9%within the sector's middle half▲ 1.4pp-6.5%below the sector's middle half▼ 10.4pp-21.8%below the sector's middle half▼ 15.3pp22.6%above the sector's middle half▲ 44.4pp7.2%above the sector's middle half▼ 15.4pp
Staff (FTE)6.5within the sector's middle half▼ 31.6%0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €528,442
Fixed assets
€413,965 ▲ 170%
Current assets
€114,477 ▲ 6.6%
Equity and liabilities €528,442
Equity
€230,184 ▲ 19.7%
Debt
€298,258 ▲ 335%
Debt's share of the balance-sheet total rises from 26.3% to 56.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89,622▲
2023 · €82,076
Cash flow
€90,170▲
2023 · €76,492
Debt to equity
1.30▲
2023 · 0.36
ROE
16.5%▼
2023 · 30.6%
Interest coverage
32.63▲
2023 · 14.70
Debt ≤ 1 year
€56,076▲
2023 · €35,545
Debt > 1 year
€242,142▲
2023 · €32,966
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €11,812 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,280 | €23,597 | €9,943 | €17,653 | €52,216 | ▲ 196% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €43,837 | €21,793 | €2,513 | €18,467 | ▲ 635% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €306,007 | €50,825 | -€50,082 | €84,589 | €108,088 | ▲ 27.8% |
| Operating profit (loss)9901 | €53,709 | -€28,422 | -€81,818 | €64,423 | €37,405 | ▼ 41.9% |
| Financial income75/76B | - | €3 | €0 | - | €3,294 | - |
| Recurring financial income75 | €5,053 | €3 | €0 | - | €3,294 | - |
| Financial charges65/66B | - | €1,698 | €3,737 | €5,584 | €2,746 | ▼ 50.8% |
| Recurring financial charges65 | €33,357 | €1,698 | €3,737 | €5,584 | €2,746 | ▼ 50.8% |
| Profit (loss) for the period before taxes9903 | €25,404 | -€30,116 | -€85,555 | €58,839 | €37,953 | ▼ 35.5% |
| Income taxes67/77 | €7,979 | €147 | €125 | €0 | - | - |
| Profit (loss) for the period9904 | €17,425 | -€30,264 | -€85,680 | €58,839 | €37,953 | ▼ 35.5% |
| Profit (loss) for the period to be appropriated9905 | €17,425 | -€30,264 | -€85,680 | €58,839 | €37,953 | ▼ 35.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €446,435 | €468,019 | €393,080 | €260,782 | €528,442 | ▲ 103% |
| Fixed assets21/28 | €90,296 | €124,059 | €40,908 | €153,345 | €413,965 | ▲ 170% |
| Intangible fixed assets21 | - | - | - | €866 | €493 | ▼ 43.1% |
| Tangible fixed assets22/27 | €90,296 | €124,059 | €40,908 | €152,478 | €413,472 | ▲ 171% |
| Land and buildings22 | - | €42,366 | €34,304 | €147,036 | €411,646 | ▲ 180% |
| Plant, machinery and equipment23 | - | €25,910 | €6,604 | €5,442 | €1,826 | ▼ 66.4% |
| Furniture and vehicles24 | - | €55,783 | €0 | - | - | - |
| Current assets29/58 | €356,138 | €343,960 | €352,172 | €107,438 | €114,477 | ▲ 6.6% |
| Stocks and contracts in progress3 | €132,062 | €283,801 | €0 | - | - | - |
| Stocks30/36 | - | €283,801 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €167,667 | €54,052 | €322,632 | €94,868 | €93,173 | ▼ 1.8% |
| Trade receivables40 | - | €45,796 | €319,731 | €157 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €8,256 | €2,901 | €94,711 | €93,173 | ▼ 1.6% |
| Cash at bank and in hand54/58 | €53,159 | €3,635 | €25,987 | €12,551 | €18,013 | ▲ 43.5% |
| Deferred charges and accrued income490/1 | - | €2,472 | €3,553 | €19 | €3,291 | ▲ 17,340% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €446,435 | €468,019 | €393,080 | €260,782 | €528,442 | ▲ 103% |
| Equity10/15 | €249,335 | €219,072 | €133,392 | €192,230 | €230,184 | ▲ 19.7% |
| Contributions10/11 | - | €194,000 | €194,000 | €194,000 | €194,000 | = |
| Reserves13 | €49,426 | €49,426 | €49,426 | €49,426 | €49,426 | = |
| Non-distributable reserves130/1 | - | €5,887 | €5,887 | €5,887 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €5,887 | €5,887 | €5,887 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €24,789 | €24,789 | €24,789 | €30,676 | ▲ 23.7% |
| Profit (loss) carried forward14 | €5,909 | -€24,354 | -€110,034 | -€51,196 | -€13,242 | ▲ 74.1% |
| Amounts payable17/49 | €197,100 | €248,948 | €259,688 | €68,552 | €298,258 | ▲ 335% |
| Amounts payable after more than one year17 | €31,141 | €38,389 | €40,944 | €32,966 | €242,142 | ▲ 635% |
| Financial debts170/4 | - | €38,389 | €40,944 | €32,966 | €242,142 | ▲ 635% |
| Amounts payable within one year42/48 | €165,958 | €210,416 | €218,703 | €35,545 | €56,076 | ▲ 57.8% |
| Current portion of amounts payable after more than one year42 | - | €4,481 | €8,118 | €8,281 | €41,126 | ▲ 397% |
| Financial debts43 | - | €150,000 | €150,000 | €25,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €25,000 | €0 | ▼ 100% |
| Other loans439 | - | €150,000 | €150,000 | - | - | - |
| Trade debts44 | €131,526 | €42,817 | €22,025 | €1,939 | €0 | ▼ 100% |
| Suppliers440/4 | - | €42,817 | €22,025 | €1,939 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | €0 | €775 | €200 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €13,118 | €37,784 | €125 | €6,900 | ▲ 5,430% |
| Taxes450/3 | - | €10,118 | €34,034 | €125 | €6,900 | ▲ 5,430% |
| Remuneration and social security454/9 | - | €3,000 | €3,750 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | - | €8,050 | - |
| Accrued charges and deferred income492/3 | - | €143 | €41 | €41 | €41 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,425 | -€30,264 | -€85,680 | €58,839 | €37,953 | ▼ 35.5% |
| + Depreciation and write-downs630 | €18,280 | €23,597 | €9,943 | €17,653 | €52,216 | ▲ 196% |
| Operating cash flow (approximation) | €35,705 | -€6,666 | -€75,737 | €76,492 | €90,170 | ▲ 17.9% |
| Investment in fixed assets (approximation) | - | -€57,360 | €73,208 | -€130,090 | -€312,837 | ▼ 140% |
| Change in cash | - | -€49,524 | €22,352 | -€13,436 | €5,462 | ▲ 141% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
18-06
State Gazette act
Capital & shares · Statutes amendment · RestructuringPermanent representatives: Carl Evrard and Emmanuel Wauthier · Demerger · Incorporation49 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Restructuring
Permanent representatives: Carl Evrard and Emmanuel Wauthier · Demerger · Incorporation49 facts ▸
- Demerger, apport d'éléments d'actifs détenus par la Société Scindée, scission partielle par absorption
- Incorporation, 05-03-2001
- Capital, €135.108,62
- Shareholding, 195
- Shareholding, 195
- Board composition, Evrard Invest SRL (managing director)
- Board composition, CEGA SRL (managing director)
- Board composition, Jacqueline Tonon (director)
- Board composition, Andrée Wauthier (director)
- Permanent representative, Carl Evrard (permanent representative)
- Permanent representative, Emmanuel Wauthier (permanent representative)
- Other statement, no other securities
- +37 further facts in this act
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200,000Eq €230,184 ▲19.7%
2 profitable years in a row build equity to €230,184.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €58,839
Net result €58,839 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €192,230 ▲44.1%
Equity rises from €133,392 to €192,230.
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€85,680
Net result drops to -€85,680, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 145 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Equity above €200,000Eq €231,910 ▲24%
2 profitable years in a row build equity to €231,910.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 92 days late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beauraing · 1 establishment unit since 1992
Ground area
1.4 ha
Building footprint
1,601 m²
Volume, LiDAR
5,370 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de Mariembourg(NEU) sn, 5600 Philippeville
since 19922.057.537.967
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93046C0118/00X000 | Wallonia | 1.0 ha | 1 · 671 m² | - |
| 91013A0928/00P002 | Wallonia | 4,095 m² | 1 · 930 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
L'exploitation d'un garage et la vente de véhicules automobiles; Toutes opérations ayant trait à la vente,à l'entretien,à la réparation de véhicules automobiles,de véhicules tout…
Full purpose (18 activities)
- L'exploitation d'un garage et la vente de véhicules automobiles
- Toutes opérations ayant trait à la vente,à l'entretien,à la réparation de véhicules automobiles,de véhicules tout terrain,de machines agricoles,machines-outils,camions,motocyclettes,et vélos
- La vente,à la réparation et à l'entretien de moteurs marins,et de bateaux
- Toutes activités concernant la commercialisation,la vente,l'entretien,la réparation,l'installation de matériels électriques généralement quelconques destinés à l'automobile ou à tout matériel dont il est question dans l'énumération ci-avant
- La commercialisation,à l'entretien,la réparation,à la vente de tout matériel motorisé,comme le matériel forestier ou horticole
- La commercialisation,à la vente,à l'entretien,à la réparation matériel U.L.M.,matériel de petite aviation
- Exploiter une station car-Wash,une station-service de grande route,comprenant la vente et la commercialisation de tous produits pétroliers et dérivés,dans la plus large acceptation du terme
- Exploiter une boutique < shop-services > avec petite restauration destinée aux usagers de la route
- Commercialiser les produits pneumatiques,s'intéresser aux travaux de vulcanisation,effectuer des travaux de carrosserie,des travaux de peinture,des travaux de soudure,se consacrer à la transformation et à la préparation de tout véhicule automobile et camion
- Tant à l'exportation qu'à l'importation de tout matériel et produit dont il est question ci-avant
- Exploiter une agence de location de véhicule ou de matériel dont question ci-avant;ces opérations pouvant être liées à des contrats de leasing,ou de renting,de location à court ou long terme
- La prise de participation directe ou indirecte dans toutes sociétés ou entreprises commerciales,industrielles,financières,mobilières et immobilières
- Le contrôle de leur gestion ou la participation à celle-ci par la prise de tous mandats au sein desdites sociétés ou entreprises
- L'exercice de tout mandat de gestion et d'administration dans toutes les sociétés et association quelconques et se porter caution ou prendre des engagements pour autrui
- L'achat,l'administration,la vente de toutes valeurs mobilières et immobilières,de tous droits sociaux et d'une manière plus générale toutes opérations de gestion du portefeuille ainsi constitué
- La réalisation d'opérations d'achat,de vente,de location d'immeubles,la location de surface commerciale ainsi que les opérations de promotion associées à la réalisation de magasins de grandes surfaces
- Réaliser son objet en Belgique ou ailleurs,de toutes les manières et suivant les modalités qui lui conviennent
- Accomplir toutes opérations généralement quelconques,commerciales,industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement à son objet
Share class
Ordinaires
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts CEGA 30-06-202550%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionReceived in a demerger part of:AUTO W.E.B.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 18-06-2026 ↗
- Evrard Invest SRL 4,000 shares
- CEGA SRL 4,000 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 18-06-2026 Capital stated in the act · 194,000 EUR · 8,000 shares
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 4,887 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447143769
Registered
15-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.