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WEngage

Judicial reorganisation Public limited companyfounded 2022active for 4 yearsWoluwelaan 158, 1831 Machelen (Brab.)KBO/BCE: BE 0793.259.664 subsidiary of WEngage International#1 employer in Flemish Brabant, Office administrative support sector
Part of the group KORAMIC INVESTMENTS 92 companies in 14 countries
See the group

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
20250040
Moratorium until
15 January 2026 (passed, unless a later judgment extended it)
Delegated judge
Theo Raedschelders
Official Gazette
31-07-2025search the document for 2025/132957
Extension
judgment of 15 December 2025, Official Gazette 19-12-2025search the document for 2025/152928

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

3 annual accounts with figures on one time axis
peak €117.4m (2023)
€72.9m▼ 27.3%
lowest -€11.1m (2025)
-€11.1m▼ €1.3m
peak €8.2m (2023)
-€12.7m▼ €11.1m
€22.8m▼ 13.5%
peak 1,335.6 FTE (2023)
1,057.3 FTE▼ 19.6%
Board13 names since 2022all names
4 directorsRefe Beheer BV and 3 others
Owners3 names in the annual accounts
100%WEngage International and 1 other
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Extension 19-12Extension 18-09Judicial reorganisation opened 31-07Turnover from €100.3m to €72.9mLoss of €11.1mStaff from 1,315.2 FTE to 1,057.3 FTE

Key points

from the 2025 annual accounts

Overdue debts

€4.8m on 31-12-2025
Overdue tax debts
€1.8m
Overdue social security (RSZ) debts
€3.0m

The annual accounts state €1.8m of overdue tax debts and €3.0m of overdue social security (RSZ) debts on 31-12-2025.

Equity

-€12.7m
202320242025

Debts exceed assets in financial year 2025.

Losses

-€29.8m in three years
-8.92023-9.82024-11.12025

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

Debts

€22.8m 155% of the balance sheet
Financial debts 1%Suppliers 24%Taxes and wages 68%Other 7%

Of this, €22.5m falls due within a year.

Payment terms

60 days to suppliers
Suppliers
52 to 60
Customers
46 to 66

WEngage pays its suppliers 8 days later than in 2024. Customers pay 20 days later.

Position in the sector

-86.1%

Lower solvency than 95% of companies in office administrative support. Sector median 44.9% · 1,167 companies.

Reorganisation running: about 1 in 4 bankrupt within the year

Checked score

0
Critical
Without a bankruptcy probability, the score rests on the figures alone.

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

0-19equity -86.1% of total assets
1-1short-term debt 152.7% · cash 1.1%
0=return on assets -75.2%

Credit verdict

No credit on open account during an ongoing judicial reorganisation

Liquidity is insufficient, with a current ratio of 0.62 (0.96 in 2024), below 1. Short-term debt is 152.7% and cash 1.1% of total assets. Equity is negative.

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

Signals

Three signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€12.7m
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 · 3 filings
Deviation from the deadline
2025
3 days early
2024
7 days early
2023
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 6 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% 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 25 July (3 of the last 3 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 incorporation in 2022.
KBO publications

Board and ownership

RB
Refe Beheer BV
Managing director, Gerardus (Wim) Vintges
KI
Director, Hilde Famaey, since 30-04-2025
M
Director, Marc Croon
SI
Director, since 30-04-2025

Shares in 1 company, WENGAGE

Board & ownership

Recent changes

Appointment: PwC Bedrijfsrevisoren BV (statutory auditor) Permanent representative: Kevin Veestraeten · General meeting of 17-07-2026 · 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 0208:0793259664
All 24 events

Comparable companies

same main activity, similar in size and age
Company
WEngage Machelen (Brab.) €72.9m -15.0% -86.1% 1,057.3
Teleperformance Belgium Antwerp - - -17.7% 234.3
24+ Beveren-Kruibeke-Zwijndrecht €48.2m 9.7% 19.7% 490.7
WALLONIE BRUXELLES CONTACT CENTER Ans €40.8m 3.6% - 396.6
Teleperformance Managed Services Belgium Aalst - - 1.6% 131.7
DE STROOMLIJN Merelbeke-Melle €27.5m 0.9% 7.3% 330.7
COMNEXIO Charleroi €9.9m 0.8% 0.9% 147.9
-10%0%10%20%€10m€20m€50m€100m€200mWEngageEBIT margin

Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as WEngage: office administrative, office support and other business support activities (NACE 82200). They are comparable in size and age: total assets between €2.8m and €13m, founded between 2007 and 2025.

Official details

Source: KBO
Status
Active since 03-11-2022Judicial reorganisation since 25-07-2025, moratorium until 15-01-2026 · normal situation in the KBO register
Activity
Office administrative, office support and other business support activitiesNACE 82200
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment units
2.092.826.6668400 Ostend, since 17-11-1999
2.231.670.6843500 Hasselt, since 25-11-2013and 3 others
Financial year end
31 December
Peppol
Reachable since 17-11-2025
Company details

Annual accounts 2025

€14.8m▼ 43.5%
Employeeson 31-12-2025
1,034▼ 21.8%
Filing
Filed on 28-07-2026, 3 days before the end of the filing period
Financials

Insights on WEngage

Solvency fell in 2025 from -6.1% to -86.1% because of the loss.

WEngage International holds all the shares. In 2025, three directors stepped down. In December 2023, the Official Gazette published the appointment of PEROCA as 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

What is the company number of WEngage?
The company number of WEngage is 0793.259.664. The VAT number is the same number with BE in front: BE 0793.259.664.
Where is WEngage based?
The registered office is at Woluwelaan 158, 1831 Machelen (Brab.).Company details
What does WEngage do?
According to the KBO register, the main activity is office administrative, office support and other business support activities (NACE 82200).
What is the legal form of WEngage?
WEngage is a public limited company (NV).
When was WEngage founded?
WEngage was founded on 03-11-2022.
Is WEngage still active?
Yes, WEngage is in the KBO register. A judicial reorganisation is running.
How many employees does WEngage have?
WEngage had an average of 1,057.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does WEngage fall under?
In its 2025 annual accounts, WEngage states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of WEngage?
The turnover of WEngage was €72.9m in financial year 2025, according to the filed annual accounts.
Is WEngage profitable?
In financial year 2025, WEngage made a loss of €11.1m.
Where can I find the annual accounts of WEngage?
WEngage filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of WEngage due?
WEngage 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.