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WEngage International

Judicial reorganisation Public limited companyfounded 2006active for 20 yearsWoluwelaan 158, 1831 Machelen (Brab.)KBO/BCE: BE 0879.144.256 subsidiary of KORAMIC INVESTMENTS#1 company by total assets in Machelen, Other services sector
Part of the group KORAMIC INVESTMENTS 92 companies in 14 countries
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Information for creditors

Enterprise Court of Brussels · Official Gazette of 31-07-2025

Opened on 25 July 2025 · extended on 15 December 2025 · moratorium passed on 15 January 2026

Steps, deadlines and articles of law

The procedure

Track
Reorganisation by amicable settlement
Docket number
20250041
Moratorium until
15 January 2026 (passed, unless a later judgment extended it)
Delegated judge
Theo Raedschelders
Official Gazette
31-07-2025search the document for 2025/132958
Extension
judgment of 15 December 2025, Official Gazette 19-12-2025search the document for 2025/152929

Steps for a creditor

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. An amicable settlement binds only the creditors who sign it. You decide whether you sign.
  3. What you deliver after the opening is not covered by the moratorium. Agree clear payment terms for it.
  4. The file is in RegSol, where you can read the documents of the procedure.

The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

Follow Follow this reorganisation and you are notified of an extension, the court's approval, the closure or a bankruptcy.

This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.

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Lifetime

20 annual accounts with figures on one time axis
peak €67.9m (2023)
€51.8m▼ 9.8%
lowest -€15.3m (2024)
-€5.0m▲ €10.2m
peak €18.0m (2022)
€5.5m▲ 940%
€16.4m▼ 30.8%
peak 70.7 FTE (2024)
65.8 FTE▼ 6.9%
Board15 names since 2013all names
3 directorsChristian Dumolin and 2 others
Owners4 names in the annual accounts
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Extension 19-12Extension 18-09Judicial reorganisation opened 31-07Loss of €5.0m1 director appointed, 2 resignations 29-07Equity from €532,417 to €5.5m

Key points

from the 2025 annual accounts

Overdue debts

€886,146 on 31-12-2025
Overdue tax debts
€782,821
Overdue social security (RSZ) debts
€103,326

The annual accounts state €782,821 of overdue tax debts and €103,326 of overdue social security (RSZ) debts on 31-12-2025.

Equity

€5.5m from €18.0m in 2022

Equity fell by 69% in 3 years.

Losses

-€22.4m in three years
-2.22023-15.32024-5.02025

Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.

Payment terms

96 days to suppliers
Suppliers
62 to 96
Customers
32 to 49

WEngage International pays its suppliers 34 days later than in 2024. Customers pay 17 days later.

Position in the sector

-€5.0m

Lower net result than 95% of companies in repair of computers and personal goods. Sector median €52,150 · 484 companies.

Reorganisation running: about 1 in 4 bankrupt within the yearEquity +940%: capital increase

Checked score

24
Critical
Without a bankruptcy probability, the score rests on the figures alone.

An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24.

Bankruptcy probability within 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open. There is then no bankruptcy probability from the figures. Of every Belgian company in an open or failed reorganisation, 25% to 26% went bankrupt within twelve months (measured in 2024 and 2025).

Financial strength
Weak

50+23equity 24.7% of total assets
14+14short-term debt 69.1% · cash 0.7%
34+14return on assets -22.4%

Credit verdict

No credit on open account during an ongoing judicial reorganisation

Liquidity is insufficient, with a current ratio of 0.69 (0.38 in 2024), below 1. Short-term debt is 69.1% and cash 0.7% of total assets. 75.3% of the assets are financed with debt and provisions.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Two signals.
raises riskneutral
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.
Belgian Official Gazette
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 days early
2024
7 days early
2023
7 days early
2022
26 days early
2021
16 days early
2020
17 days early
2019
9 days early
← 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 12 days before the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% 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 24 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

KI
Director, FAMAEY Hilde, since 01-01-2023
SI
STERK Interim Management B.V.
Director, STERKENBURG Olaf Sebastiaan, since 01-01-2023

Shares in 5 companies, including ContactExpert and IPG BV

Board & ownership

Recent changes

Capital increase · Amendment of the articles Capital from €32,481,262.02 to €15,327,936.99 · Capital from €27,681,262.02 to €32,481,262.02, 1,158,927 new shares · Gazette deed
Permanent representatives: Kevin Veestraeten and Peter Van den Eynde Gazette deed
Extension Enterprise Court of Brussels · amicable agreement · judgment of 15-12-2025 · Judicial reorganisation
Registered in the Peppol Directory Reachable for e-invoices through 0208:0879144256
All 52 events

Comparable companies

same main activity, similar in size and age
Company
WEngage International Machelen (Brab.) €51.8m 0.0% 24.7% 65.8
Quadient Belgium Zaventem €12.0m 2.9% 70.4% 52.5
SECUTEC Aartselaar €11.7m -42.1% 5.5% 64.2
Hewlett Packard Enterprise CDS Belgium Machelen (Brab.) €8.2m 2.1% 73.0% 54.5
HCServices Belgium Namur - - 7.2% -
CLASSO Antwerp - - 25.9% 17.5
IMAC & RETAIL SERVICES Bornem - - 31.3% 15.7
-10%0%10%20%€2m€20m€200mWEngage InternationalEBIT margin

Grey: the largest companies of the sector (repair of computers and personal goods (NACE 95)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as WEngage International: repair and maintenance of computers and communication equipment (NACE 95100). They are comparable in size and age: total assets between €2.9m and €26m, founded between 1985 and 2007.

Official details

Source: KBO
Status
Active since 06-02-2006Judicial reorganisation since 25-07-2025, moratorium until 15-01-2026 · normal situation in the KBO register
Activity
Repair and maintenance of computers and communication equipmentNACE 95100and 4 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment units
2.232.185.0813500 Hasselt, since 01-06-2014
2.232.186.1704000 Liège, since 01-06-2014and 2 others
Financial year end
31 December
Peppol
Reachable since 17-11-2025
Company details

Annual accounts 2025

€22.4m▼ 7.8%
Employeeson 31-12-2025
54▼ 26.0%
Filing
Filed on 28-07-2026, 3 days before the end of the filing period
Financials

Companies linked to WEngage International

Subsidiaries and holdings

Insights on WEngage International

WEngage International has existed since 2006. The present size dates from 2020. Turnover rose that year from €1.1m to €17.5m, while staff fell from 4 to 3 full-time equivalents.

Solvency rose in 2025 from 2.2% to 24.7% because of a capital increase and lower debts.

KORAMIC INVESTMENTS holds all the shares. In 2025, three directors stepped down. Since November 2022, Ahorn Consult Comm. V. has been managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about WEngage International

What is the company number of WEngage International?
The company number of WEngage International is 0879.144.256. The VAT number is the same number with BE in front: BE 0879.144.256.
Where is WEngage International based?
The registered office is at Woluwelaan 158, 1831 Machelen (Brab.).Company details
What does WEngage International do?
According to the KBO register, the main activity is repair and maintenance of computers and communication equipment (NACE 95100).
What is the legal form of WEngage International?
WEngage International is a public limited company (NV).
When was WEngage International founded?
WEngage International was founded on 06-02-2006.
Is WEngage International still active?
Yes, WEngage International is in the KBO register. A judicial reorganisation is running.
How many employees does WEngage International have?
WEngage International had an average of 65.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does WEngage International fall under?
In its 2025 annual accounts, WEngage International states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of WEngage International?
The turnover of WEngage International was €51.8m in financial year 2025, according to the filed annual accounts.
Is WEngage International profitable?
In financial year 2025, WEngage International made a loss of €5.0m.
Where can I find the annual accounts of WEngage International?
WEngage International filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WEngage International due?
WEngage International must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Keep this company with today's facts in a case file.