Summary
Welvaco Finance is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €28,125 and a net result of €106,626. Equity has been stable since 2018 (±0% per year). Its solvency ranks better than 17% of 50 sector peers (NACE 65, financial year 2025). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 01-01-1989 Normal situation
- Activity
- Insurance, reinsurance and pension funding, except compulsory social security NACE 65112and 1 other
- Establishment units
- 2.050.276.528 9850 Deinze, since 06-11-1990
- 2.283.553.511 9800 Deinze, since 01-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Board and ownership
Board
- Dagda InvestManaging director · permanent representative Tom De Meyer
- ElathaDirector · permanent representative DE MEYER Tom Remi Marguerite
- GWL-INVESTDirector · permanent representative WELVAERT Geert Albert Yvonne
Shareholders
- DAGDA INVEST99.73%30-06-2025 annual accounts of DAGDA INVEST
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €106,626
- ▲ 8.9%
- Equity
- €28,125
- =
- Total assets
- €323,766
- ▲ 9.4%
- Employees on 31-12-2025
- 3
- ▼ 25.0%
- 2025 accounts filed 31 days after the deadline
Signalsraises riskWeak solvency compared with the sector2025 accounts filed 31 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
Two signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 50 sector peers (2025).
NBB · sector comparisonPosition among 50 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
42 days early
2023
61 days late
2022
31 days late
2021
5 days early
2020
31 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 65), the median for financial year 2024 was 29 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Company renamed from Kantoor Van de Casteele to Welvaco FinanceRegistered office moved within Deinze · New seat: Leernsesteenweg 289, 9800 Deinze (Sint-Martens-Leerne) · Previous seat: Cyriel Buyssestraat 20, 9850 Deinze
- · Gazette deed 4 directors appointed, 2 directors resigningChanges of role: Dagda Invest (statutory director) and Van de Casteele Tinneke (statutory director) · Permanent representative: Tom De Meyer · Legal-form conversion: from private limited company (pre-2019) to private limited company
- · Gazette deed Permanent representatives: Van de Casteele Tinneke and De Meyer TomAppointment: Dagda Invest NV (director)
Comparable companies
These companies have the same main activity as Welvaco Finance: insurance, reinsurance and pension funding, except compulsory social security (NACE 65112). They are comparable in size and age: total assets between €219,000 and €497,000, founded between 1980 and 2005.
| Company | Total assets | Gross margin |
|---|---|---|
| Welvaco Finance Deinze | €323,766 | €372,476 |
| WAVRE FINANCE Wavre | €411,683 | €342,030 |
| ASSURANCES HAYOIS & IWES Oudergem | €328,795 | €292,246 |
| BEAURAING - DINANT SERVICES Dinant | €219,469 | €172,142 |
| Zakenkantoor Van Huffel Zottegem | €465,460 | €124,336 |
| PLASSCHAERT DONALD Aalter | €496,943 | €171,178 |
| CHRISTOPHE DEPORTEMONT Leuze-en-Hainaut | €436,119 | €214,030 |
Key facts about Welvaco Finance
- What is the company number of Welvaco Finance?
- The company number of Welvaco Finance is 0437.445.254. The VAT number is the same number with BE in front: BE 0437.445.254.
- Where is Welvaco Finance based?
- The registered office is at Leernsesteenweg 289, 9800 Deinze.Company details
- What does Welvaco Finance do?
- According to the KBO register, the main activity is insurance, reinsurance and pension funding, except compulsory social security (NACE 65112).
- What is the legal form of Welvaco Finance?
- The legal form of Welvaco Finance is Private limited company (BV).
- When was Welvaco Finance founded?
- Welvaco Finance was founded on 01-01-1989.
- Is Welvaco Finance still active?
- Yes, Welvaco Finance is an active enterprise in the KBO register.
- How many employees does Welvaco Finance have?
- Welvaco Finance had an average of 3.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Welvaco Finance?
- The turnover in financial year 2025 is ≈ €880,000. This figure is estimated from the gross margin of €372,476 and 2,281 comparable companies of the same size. It probably lies between €530,000 and €1.5m. It is a rough estimate.
- Is Welvaco Finance profitable?
- In financial year 2025, Welvaco Finance made a profit of €106,626.
- Where can I find the annual accounts of Welvaco Finance?
- Welvaco Finance filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Welvaco Finance due?
- Welvaco Finance must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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