VAN WELLEN STORAGE
ActiveSummary
VAN WELLEN STORAGE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.11M and a net result of €1.14M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-4
Solvency33▼-20
Growth57▲+3
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.28 against 3.84 in 2024; short-term debt: 17% and cash: 2% of total assets), and 92.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.5%
Return on assets
4.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4539 sector peers (2025).
NBB · sector comparisonPosition among 4539 sector peers
Solvency
better than 21%
← weakest
strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
17 d early
2023
20 d early
2022
12 d early
2021
4 d early
2020
4 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.56M▲ 16.9%
2024 · €3.05M
2020: €2.61M
2021: €2.62M
2022: €2.37M
2023: €2.52M
2024: €3.05M
2020 → 2025
EBIT margin
52.9%▼ 1.1pp
2024 · 53.9%
2020: 26.6%
2021: 66.3%
2022: 49.9%
2023: 44.2%
2024: 53.9%
2020 → 2025
Net result
€1.14M▼ 75.4%
2024 · €4.65M
2018: €972k
2019: €1.02M
2020: €460k
2021: €895k
2022: €424k
2023: €278k
2024: €4.65M
2018 → 2025
Working capital
€-3.43M
2024 · €4.86M
2018: €8.62M
2019: €9.74M
2020: €-7.16M
2021: €-7.56M
2022: €-7.87M
2023: €-7.92M
2024: €4.86M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.62M-€2.37M▼ 9.7%€2.52M▲ 6.3%€3.05M▲ 21.1%€3.56M▲ 16.9%
Equity€3.72M-€4.14M▲ 11.4%€4.42M▲ 6.7%€9.07M▲ 105%€2.11M▼ 76.7%
Operating result€1.74M-€1.18M▼ 32.0%€1.11M▼ 5.9%€1.65M▲ 47.9%€1.88M▲ 14.5%
Net result€895k-€424k▼ 52.6%€278k▼ 34.6%€4.65M▲ 1,575%€1.14M▼ 75.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.96M
Fixed assets
€26.65M ▲ 3.3%
Current assets
€1.31M ▼ 80.0%
Equity and liabilities €27.96M
Equity
€2.11M ▼ 76.7%
Debt
€25.85M ▲ 11.0%
Debt's share of the balance-sheet total rises from 72.0% to 92.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.74M▲
2024 · €2.45M
Cash flow
€2.00M▼
2024 · €5.45M
Current ratio
0.28▼
2024 · 3.84
Debt to equity
12.25▲
2024 · 2.57
ROE
54.1%▲
2024 · 51.3%
ROA
4.1%▼
2024 · 14.4%
Interest coverage
5.37▲
2024 · 4.48
Debt ≤ 1 year
€4.75M▲
2024 · €1.71M
Debt > 1 year
€20.92M▼
2024 · €21.40M
Income taxes
€381k▲
2024 · €309k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 70 lines
Balance sheet
Code20242025
Assets
Total assets20/58€32.36M€27.96M▼
Fixed assets21/28€25.79M€26.65M▲
Tangible fixed assets22/27€8.21M€9.07M▲
Furniture and vehicles24€6k€1▼
Other tangible fixed assets26€8.20M€9.07M▲
Financial fixed assets28€17.58M€17.58M=
Affiliated companies280/1€17.58M€17.58M=
Participating interests280€17.58M€17.58M=
Current assets29/58€6.57M€1.31M▼
Amounts receivable within one year40/41€5.66M€606k▼
Trade receivables40€383k€587k▲
Other amounts receivable41€5.28M€19k▼
Cash at bank and in hand54/58€754k€548k▼
Deferred charges and accrued income490/1€158k€160k▲
Equity and liabilities
Total equity and liabilities10/49€32.36M€27.96M▼
Equity10/15€9.07M€2.11M▼
Contributions10/11€1.19M€1.19M=
Capital10€1.19M€1.19M=
Issued capital100€1.19M€1.19M=
Outside capital11€262€262=
Share premium1100/10€262€262=
Reserves13€7.88M€920k▼
Non-distributable reserves130/1€119k€119k=
Legal reserve130€119k€119k=
Tax-exempt reserves132€505k€485k▼
Distributable reserves133€7.25M€316k▼
Amounts payable17/49€23.30M€25.85M▲
Amounts payable after more than one year17€21.40M€20.92M▼
Financial debts170/4€21.40M€20.92M▼
Credit institutions173€21.40M€20.92M▼
Amounts payable within one year42/48€1.71M€4.75M▲
Current portion of amounts payable after more than one year42€1.48M€1.55M▲
Financial debts43-€88k
Credit institutions430/8-€88k
Trade debts44€130k€263k▲
Suppliers440/4€130k€263k▲
Taxes, remuneration and social security45€98k€100k▲
Taxes450/3€98k€100k▲
Other amounts payable47/48-€2.74M
Accrued charges and deferred income492/3€187k€191k▲
Income statement
Code20242025
Operating income70/76A€4.34M€4.79M▲
Turnover70€3.05M€3.56M▲
Other operating income74€1.29M€1.22M▼
Operating charges60/66A€2.70M€2.90M▲
Services and other goods61€1.88M€2.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€800k€855k▲
Other operating charges640/8€23k€18k▼
Operating profit (loss)9901€1.65M€1.88M▲
Financial income75/76B€3.87M€159k▼
Recurring financial income75€208k€159k▼
Income from current assets751€208k€153k▼
Other financial income752/9€52€6k▲
Non-recurring financial income76B€3.66M-
Financial charges65/66B€554k€521k▼
Recurring financial charges65€554k€521k▼
Debt charges650€545k€510k▼
Other financial charges652/9€9k€10k▲
Profit (loss) for the period before taxes9903€4.96M€1.52M▼
Income taxes67/77€309k€381k▲
Taxes670/3€309k€381k▲
Profit (loss) for the period9904€4.65M€1.14M▼
Transfer from tax-exempt reserves789-€20k
Profit (loss) for the period to be appropriated9905€4.65M€1.16M▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.65M€1.16M▼
Transfer from equity791/2-€6.94M
From reserves792-€6.94M
Transfer to equity691/2€4.65M-
To other reserves6921€4.65M-
Profit to be distributed694/7-€8.10M
Return on contributions (dividend)694-€8.10M
The notes to these accounts (33 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €4.65M ▲1575%
Net result €4.65M, the highest in the series.
31-12
Financial
Liquidity times 46current ratio 3.84
Current ratio from 0.08 to 3.84; short-term debt falls from €8.65M to €1.71M.
31-12
Financial
Equity above €5MEq €9.07M ▲105%
7 profitable years in a row build equity to €9.07M.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €278k ▼34.6%
Net result drops to €278k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
24-07
State Gazette act
General meeting · Merger
Accounting effect · Adrienne Spaepen
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Kapellen · 1 establishment unit since 1990
Ground area
2,856 m²
Building footprint
482 m²
Volume, LiDAR
581 m³
Parcel 11362M0436/00Z002, Flanders · tallest building 16.3 m. Linked by address, not a title deed.
1 establishment unit
Van Wellen Storage
since 19902.050.559.313
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0436/00Z002 | Flanders | 2,856 m² | 1 · 482 m² | 16.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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STEMAR FACILITIES
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 3,574 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.