Summary
WALLONIE ENTREPRENDRE INTERNATIONAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €88.6m and a net result of €2.8m. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 2817 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-05-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
65 d early
2023
41 d early
2022
53 d early
2021
53 d early
2020
46 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€88.6m▲ 3.2%
2023 · €85.8m
Net result
€2.8m▲ 84.9%
2023 · €1.5m
Total assets
€155.4m▲ 21.1%
2023 · €128.3m
Solvency
57.0%▼ 9.9pp
2023 · 66.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€638,335▲ 11.0%-€765,637▼ 19.9%-€918,473▼ 20.0%-€578,081▲ 37.1%€1.6m
Net result€104,848within the sector's middle half▲ 74.9%€105,641within the sector's middle half▲ 0.8%€420,501within the sector's middle half▲ 298%€1.5mabove the sector's middle half▲ 255%€2.8mabove the sector's middle half▲ 84.9%
Equity€3.8mwithin the sector's middle half▲ 2.9%€3.9mwithin the sector's middle half▲ 2.8%€4.3mwithin the sector's middle half▲ 10.8%€85.8mabove the sector's middle half▲ 1,894%€88.6mabove the sector's middle half▲ 3.2%
Total assets€66.0mabove the sector's middle half▼ 0.2%€80.6mabove the sector's middle half▲ 22.0%€96.1mabove the sector's middle half▲ 19.3%€128.3mabove the sector's middle half▲ 33.6%€155.4mabove the sector's middle half▲ 21.1%
Debt€62.3m▼ 0.3%€76.6m▲ 23.0%€91.5m▲ 19.5%€42.5m▼ 53.5%€66.8m▲ 57.1%
Working capital€26.9mabove the sector's middle half▼ 15.6%€32.3mabove the sector's middle half▲ 20.3%€28.6mabove the sector's middle half▼ 11.4%€55.6mabove the sector's middle half▲ 94.0%€63.9mabove the sector's middle half▲ 15.0%
Solvency5.7%below the sector's middle half▲ 0.2pp4.8%below the sector's middle half▼ 0.9pp4.5%below the sector's middle half▼ 0.3pp66.9%within the sector's middle half▲ 62.4pp57.0%within the sector's middle half▼ 9.9pp
Current ratio
Return on assets (ROA)0.2%within the sector's middle half▲ 0.1pp0.1%within the sector's middle half=0.4%within the sector's middle half▲ 0.3pp1.2%within the sector's middle half▲ 0.7pp1.8%within the sector's middle half▲ 0.6pp
Staff (FTE)3within the sector's middle half▼ 11.8%3.8within the sector's middle half▲ 26.7%3.9within the sector's middle half▲ 2.6%4.4within the sector's middle half▲ 12.8%5within the sector's middle half▲ 13.6%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1.6m after a loss of €578,081 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €155.4m
Fixed assets
€91.1m ▲ 25.9%
Current assets
€64.3m ▲ 14.9%
Equity and liabilities €155.4m
Equity
€88.6m ▲ 3.2%
Debt
€66.8m ▲ 57.1%
Debt's share of the balance-sheet total rises from 33.1% to 43.0%. Equity and debt are higher.
Key figures and ratios
ROE
3.1%▲
2023 · 1.7%
Debt ≤ 1 year
€425,345▲
2023 · €423,206
Debt > 1 year
€66.2m▲
2023 · €41.9m
Income taxes
€905,996▲
2023 · €492,621
Staff costs
€831,439▲
2023 · €760,597
A ratio outside any meaningful range has been withheld (balance sheet total €155.4m, equity €88.6m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €7,000 | €7,168 | €480,233 | - | - |
| Other operating income74 | - | €7,000 | €7,168 | €480,233 | - | - |
| Non-recurring operating income76A | - | - | - | - | €2.5m | - |
| Operating charges60/66A | - | €772,637 | €925,641 | €1.1m | - | - |
| Services and other goods61 | - | €210,696 | €302,560 | €295,838 | - | - |
| Remuneration, social security and pensions62 | - | €558,146 | €621,176 | €760,597 | €831,439 | ▲ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,069 | €3,286 | €1,836 | €1,370 | €1,201 | ▼ 12.3% |
| Other operating charges640/8 | - | €509 | €69 | €509 | €17,062 | ▲ 3,253% |
| Gross operating margin9900 | - | - | - | - | €2.4m | - |
| Operating profit (loss)9901 | -€638,335 | -€765,637 | -€918,473 | -€578,081 | €1.6m | ▲ 374% |
| Financial income75/76B | - | €2.1m | - | €4.9m | €5.1m | ▲ 5.6% |
| Recurring financial income75 | €1.1m | €1.4m | €2.0m | €3.6m | €5.1m | ▲ 40.4% |
| Income from financial fixed assets750 | - | €1.4m | €2.0m | €2.6m | - | - |
| Income from current assets751 | - | €16,626 | €13,780 | €998,063 | - | - |
| Non-recurring financial income76B | - | €700,000 | €120,000 | €1.2m | €46,392 | ▼ 96.3% |
| Financial charges65/66B | - | €1.1m | €547,365 | €2.3m | €3.1m | ▲ 32.8% |
| Recurring financial charges65 | €196,830 | €228,315 | €267,585 | €554,478 | €496,754 | ▼ 10.4% |
| Debt charges650 | €186,110 | €223,516 | €264,838 | €520,882 | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €3,164 | €1,263 | €31,811 | - | - |
| Other financial charges652/9 | - | €1,635 | €1,484 | €1,786 | - | - |
| Non-recurring financial charges66B | - | €919,070 | €279,780 | €1.8m | €2.6m | ▲ 46.5% |
| Profit (loss) for the period before taxes9903 | €183,629 | €226,275 | €623,435 | €2.0m | €3.7m | ▲ 84.7% |
| Income taxes67/77 | €78,781 | €120,634 | €202,934 | €492,621 | €905,996 | ▲ 83.9% |
| Taxes670/3 | - | €120,800 | €202,934 | €492,621 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €166 | - | - | - | - |
| Profit (loss) for the period9904 | €104,848 | €105,641 | €420,501 | €1.5m | €2.8m | ▲ 84.9% |
| Transfer to tax-exempt reserves689 | - | - | - | €631,500 | €999,997 | ▲ 58.4% |
| Profit (loss) for the period to be appropriated9905 | €104,848 | €105,641 | €420,501 | €861,794 | €1.8m | ▲ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66.0m | €80.6m | €96.1m | €128.3m | €155.4m | ▲ 21.1% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €39.0m | €48.0m | €67.2m | €72.3m | €91.1m | ▲ 25.9% |
| Intangible fixed assets21 | €812 | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €2,978 | €2,838 | €4,879 | €2,640 | €172 | ▼ 93.5% |
| Furniture and vehicles24 | - | €2,838 | €4,879 | €2,640 | €172 | ▼ 93.5% |
| Financial fixed assets28 | €39.0m | €48.0m | €67.2m | €72.3m | €91.1m | ▲ 25.9% |
| Other financial fixed assets284/8 | - | €48.0m | €67.2m | €72.3m | - | - |
| Shares284 | - | €253,610 | €253,610 | €503,315 | - | - |
| Amounts receivable and cash guarantees285/8 | - | €47.8m | €66.9m | €71.8m | - | - |
| Current assets29/58 | €27.1m | €32.5m | €28.9m | €56.0m | €64.3m | ▲ 14.9% |
| Amounts receivable within one year40/41 | €93,742 | €53,624 | €233,572 | €710,614 | €760,391 | ▲ 7.0% |
| Trade receivables40 | - | - | - | - | €197,378 | - |
| Other amounts receivable41 | - | €53,624 | €233,572 | €710,614 | €563,012 | ▼ 20.8% |
| Current investments50/53 | €3.0m | €14.0m | €11.0m | €44.4m | €41.2m | ▼ 7.1% |
| Other investments51/53 | - | €14.0m | €11.0m | €44.4m | - | - |
| Cash at bank and in hand54/58 | €23.7m | €18.1m | €17.2m | €9.9m | €20.9m | ▲ 111% |
| Deferred charges and accrued income490/1 | - | €361,541 | €480,813 | €983,594 | €1.4m | ▲ 41.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66.0m | €80.6m | €96.1m | €128.3m | €155.4m | ▲ 21.1% |
| Equity10/15 | €3.8m | €3.9m | €4.3m | €85.8m | €88.6m | ▲ 3.2% |
| Contributions10/11 | €2.5m | €2.5m | €2.5m | €82.5m | €82.5m | = |
| Capital10 | - | €2.5m | €2.5m | €82.5m | €82.5m | = |
| Issued capital100 | - | €2.5m | €2.5m | €82.5m | €82.5m | = |
| Reserves13 | €63,812 | €69,094 | €90,119 | €764,709 | €1.9m | ▲ 142% |
| Non-distributable reserves130/1 | - | €69,094 | €90,119 | €133,209 | €221,280 | ▲ 66.1% |
| Legal reserve130 | - | €69,094 | €90,119 | €133,209 | €221,280 | ▲ 66.1% |
| Tax-exempt reserves132 | - | - | - | €631,500 | €1.6m | ▲ 158% |
| Profit (loss) carried forward14 | €1.2m | €1.3m | €1.7m | €2.5m | €4.2m | ▲ 66.1% |
| Provisions and deferred taxes16 | - | €81,630 | €231,409 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €81,630 | €231,409 | €0 | - | - |
| Other liabilities and charges164/5 | - | €81,630 | €231,409 | €0 | - | - |
| Amounts payable17/49 | €62.3m | €76.6m | €91.5m | €42.5m | €66.8m | ▲ 57.1% |
| Amounts payable after more than one year17 | €61.9m | €76.2m | €91.1m | €41.9m | €66.2m | ▲ 58.1% |
| Financial debts170/4 | - | €76.2m | €91.1m | €41.9m | €66.2m | ▲ 58.1% |
| Subordinated loans170 | - | €76.2m | €91.1m | €41.9m | - | - |
| Amounts payable within one year42/48 | €210,435 | €222,488 | €256,935 | €423,206 | €425,345 | ▲ 0.5% |
| Trade debts44 | €104,244 | €125,726 | €133,404 | €116,993 | €132,245 | ▲ 13.0% |
| Suppliers440/4 | - | €125,726 | €133,404 | €116,993 | €132,245 | ▲ 13.0% |
| Taxes, remuneration and social security45 | - | €95,974 | €116,834 | €138,419 | €126,934 | ▼ 8.3% |
| Taxes450/3 | - | €23,360 | €23,686 | €29,891 | €25,722 | ▼ 13.9% |
| Remuneration and social security454/9 | - | €72,614 | €93,148 | €108,529 | €101,211 | ▼ 6.7% |
| Other amounts payable47/48 | - | €788 | €6,697 | €167,794 | €166,166 | ▼ 1.0% |
| Accrued charges and deferred income492/3 | - | €121,562 | €155,706 | €219,066 | €199,004 | ▼ 9.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,848 | €105,641 | €420,501 | €1.5m | €2.8m | ▲ 84.9% |
| + Depreciation and write-downs630 | €5,069 | €3,286 | €1,836 | €1,370 | €1,201 | ▼ 12.3% |
| Operating cash flow (approximation) | €109,917 | €108,927 | €422,337 | €1.5m | €2.8m | ▲ 84.8% |
| Investment in fixed assets (approximation) | - | -€9.1m | -€19.2m | -€5.2m | -€18.7m | ▼ 262% |
| Change in cash | - | -€5.5m | -€944,767 | -€7.3m | €11.0m | ▲ 252% |
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
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €2.8m ▲84.9%
Operating result €1.6m, net result €2.8m, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €50mEq €85.8m ▲1,894%
6 profitable years in a row build equity to €85.8m.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 202.18
Current ratio from 89.54 to 202.18; short-term debt falls from €289,304 to €158,211.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
30-01
State Gazette act
Board meeting · Director appointment
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2012
25-01
State Gazette act
General meeting · Capital increase
Capital decrease · Statutes amendment
2011
13-10
State Gazette act
General meeting · Share cancellation
Capital decrease · Capital increase
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
22 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2003
Ground area
2,811 m²
Building footprint
1,999 m²
Volume, LiDAR
68,083 m³
Parcel 62803A1368/00V000, Wallonia · tallest building 43.0 m, ±12 floors. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
SOFINEX
since 20032.136.181.312
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1368/00V000 | Wallonia | 2,811 m² | 1 · 1,999 m² | 43.0 m · 12 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
Wallonie Entreprendre
33 companies
Group, risk and exposure
Owners and holdings
2 owners · 1 holdingChain of control
- Wallonie Entreprendre
- WALLONIE ENTREPRENDRE INTERNATIONAL
Highest known parent: Wallonie Entreprendre. The sources do not say who stands above it.
Owners 2
-
95.92%
- 20%
Holdings 1
-
15%
According to the 2024 annual accounts of WALLONIE ENTREPRENDRE INTERNATIONAL and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300CNYT8MO1V4ZA10
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Of 806 companies in sector 64999 we hold annual accounts for 487. 54 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-09-2003
Fiscal year end31-12
Abbreviation FR
WE INTERNATIONAL
Activities, NACEBEL 2025
64999Other financial services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860662588
Registered
20-11-2020
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.