Equity
€5.2m ▲ 6.0%
WESEARCH has made a profit in every financial year since 2012.
WESEARCH
Lifetime
14 annual accounts with figures on one time axispeak €5.6m (2022)
€5.2m▲ 6.1%
peak €744,458 (2019)
€293,958▲ 24.6%
peak €5.2m (2025)
€5.2m▲ 6.0%
€1.1m▲ 15.6%
peak 209.5 FTE (2016)
91.5 FTE▲ 1.6%
Board5 names since 2017
2 directorsI CAN and 1 other
Owners
Documentsfilings and deeds
13-07-202618 days before the deadline
2025financial year
Debts from €982,094 to €1.1mCash from €140,299 to €28,758
Key points
from the 2025 annual accountsStaff
91.5 FTE from 209.5 in 2016
Between 2016 and 2025, 56% of the full-time equivalents disappeared.
Position in the sector
82.1%
Higher solvency than 92% of companies in employment activities. Sector median 33.1% · 315 companies.
Checked score
96
Excellent
Financially stronger than 66% of medium-sized companies in employment activities (NACE 78)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 117 companies (NACE 78, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 5.56, cash €28,758, halved
lowers risk
Profit of €293,958 (financial year 2025)
Founded in 2011
Equity €5.2m (82.1% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, medium-sized). It does better than 95% of them on solvency, 47% on liquidity, 67% on profitability and 54% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 544 companies had the same profile as WESEARCH has now. Each dot stands for 2 companies, two years later.
93.6%
were still trading
5.9%
stopped another way
0.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WESEARCH itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 544 companies, not a prediction for WESEARCH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €490,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.56 (5.95 in 2024), above the usual 1.5. Short-term debt is 17.9% and cash 0.5% of total assets. 17.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
15 days early
2023
33 days early
2022
12 days early
2021
24 days late
2020
10 days early
2019
68 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 1 day after the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% 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 16 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0840050880
1 director appointed, 2 resignations
Resignations: Simon De Keersmaecker and AXY BV · Permanent representatives: Christophe De Brauwer and Guy Reyniers · Appointment: M.G.R. NV (managing director) · General meeting of 01-10-2020 · Gazette deed
Company renamed from SKILLFLEX to WESEARCH
Registered office moved within Mechelen · New registered office: Haverwerf 10, 2800 Mechelen · Previous registered office: Hanswijkstraat 3-5, 2800 Mechelen · General meeting of 30-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| WESEARCH Mechelen | €6.3m | €5.2m | 82.1% | 91.5 |
| PAYROLL PROFESSIONALS BELGIUM Antwerp | €4.0m | €3.6m | 3.6% | 82.2 |
| INTELECT Kontich | €3.7m | €8.5m | 61.0% | 150.4 |
| STAFFING BELGIUM Hoogstraten | €3.2m | €8.9m | 0.9% | 124 |
| TALENTFARM Ixelles | €2.9m | €3.1m | 31.1% | 83 |
| LGA HR Ghent | €4.2m | €5.4m | 25.4% | 42.7 |
| Quality Jobs @ Construct Pelt | €5.4m | €4.5m | 33.8% | 53.3 |
These companies have the same main activity as WESEARCH: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €2.9m and €5.4m, founded between 2002 and 2015.
Official details
Source: KBO- Status
- Active since 23-09-2011Normal situation
- Activity
- Temporary employment agencies and other provision of personnelNACE 78200
- Establishment unit
- 2.203.655.1062800 Mechelen, since 23-09-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- ≈ €9.0mestimated
- €6.3m▲ 7.6%
- Employeeson 31-12-2025
- 123▲ 17.1%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on WESEARCH
WESEARCH has existed since 2011. The gross margin grew from €2.2m in 2012 to €5.2m in 2025.
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 WESEARCH
- What is the company number of WESEARCH?
- The company number of WESEARCH is 0840.050.880. The VAT number is the same number with BE in front: BE 0840.050.880.
- Where is WESEARCH based?
- The registered office is at Haverwerf 10, 2800 Mechelen.Company details
- What does WESEARCH do?
- According to the KBO register, the main activity is temporary employment agencies and other provision of personnel (NACE 78200).
- What is the legal form of WESEARCH?
- WESEARCH is a public limited company (NV).
- When was WESEARCH founded?
- WESEARCH was founded on 23-09-2011.
- Is WESEARCH still active?
- Yes, WESEARCH is an active enterprise in the KBO register.
- How many employees does WESEARCH have?
- WESEARCH had an average of 91.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of WESEARCH?
- The turnover in financial year 2025 is ≈ €9.0m. This figure is estimated from the gross margin of €5.2m and 1,585 comparable companies of the same size. It probably lies between €6.1m and €15.0m. It is a rough estimate.
- Is WESEARCH profitable?
- In financial year 2025, WESEARCH made a profit of €293,958.
- Where can I find the annual accounts of WESEARCH?
- WESEARCH filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of WESEARCH due?
- WESEARCH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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