W.E.C.
ActiveSummary
W.E.C. is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of W.E.C. were filed more than 90 days after the deadline. The 2025 annual accounts show equity of €1.4m and a net result of -€116,300. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 8094 sector peers (fiscal year 2025). The company has been active since 1992 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.
Filing: Filed more than 90 days late
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Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-03-2026, 127 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
127 d late
2024
on the day
2023
91 d late
2022
3 d early
2021
24 d early
2020
4 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (4 of the last 5 filed years within 91 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Ronse, Finance and insurance sector
Equity
€1.4m▼ 7.6%
2024 · €1.5m
Net result
-€116,300▲ 19.7%
2024 · -€144,882
Total assets
€1.4m▼ 7.5%
2024 · €1.5m
Solvency
98.7%▼ 0.1pp
2024 · 98.8%
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
Line20212022202320242025
Operating result-€126,859▼ 4.8%-€171,017▼ 34.8%€16,869-€163,242-€130,680▲ 19.9%
Net result-€128,245below the sector's middle half▼ 30.7%-€179,714below the sector's middle half▼ 40.1%€14,890within the sector's middle half-€144,882below the sector's middle half-€116,300below the sector's middle half▲ 19.7%
Equity€1.8mabove the sector's middle half▼ 6.5%€1.7mabove the sector's middle half▼ 9.8%€1.7mabove the sector's middle half▲ 0.9%€1.5mabove the sector's middle half▼ 8.7%€1.4mabove the sector's middle half▼ 7.6%
Total assets€2.0mabove the sector's middle half▼ 3.9%€1.7mabove the sector's middle half▼ 13.1%€1.7mabove the sector's middle half▼ 0.6%€1.5mabove the sector's middle half▼ 10.7%€1.4mabove the sector's middle half▼ 7.5%
Debt€146,651▲ 49.3%€65,635▼ 55.2%€41,849▼ 36.2%€2,421▼ 94.2%€3,120▲ 28.9%
Working capital-€36,743below the sector's middle half€129,575within the sector's middle half€812,639above the sector's middle half▲ 527%€721,575above the sector's middle half▼ 11.2%€607,581above the sector's middle half▼ 15.8%
Solvency91.8%above the sector's middle half▼ 2.6pp95.2%above the sector's middle half▲ 3.5pp96.6%above the sector's middle half▲ 1.4pp98.8%above the sector's middle half▲ 2.2pp98.7%above the sector's middle half▼ 0.1pp
Current ratio0.73within the sector's middle half▼ 1.953.15within the sector's middle half▲ 2.4220.42above the sector's middle half▲ 17.27
Return on assets (ROA)-6.4%below the sector's middle half▼ 1.7pp-10.3%below the sector's middle half▼ 3.9pp0.9%below the sector's middle half▲ 11.2pp-9.4%below the sector's middle half▼ 10.2pp-8.1%below the sector's middle half▲ 1.2pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €130,680 in 2025 against €163,242 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€821,513 ▼ 0.3%
Current assets
€608,636 ▼ 15.8%
Equity and liabilities €1.4m
Equity
€1.4m ▼ 7.6%
Provisions
€14,910 ▼ 4.8%
Debt
€3,120 ▲ 28.9%
Debt's share of the balance-sheet total rises from 0.2% to 0.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-8.2%▲
2024 · -9.5%
Debt ≤ 1 year
€1,054▼
2024 · €1,183
Income taxes
€1,355▲
2024 · €398
A ratio outside any meaningful range has been withheld (balance sheet total €1.4m, equity €1.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €300,289 | €920,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,245 | €87,009 | €88,654 | €76,974 | €53,210 | ▼ 30.9% |
| Other operating charges640/8 | - | €4,985 | €2,285 | €6,561 | €13,708 | ▲ 109% |
| Non-recurring operating charges66A | - | €293,465 | €701,179 | - | €18,400 | - |
| Gross operating margin9900 | -€28,384 | €214,442 | €808,986 | -€79,708 | -€45,362 | ▲ 43.1% |
| Operating profit (loss)9901 | -€126,859 | -€171,017 | €16,869 | -€163,242 | -€130,680 | ▲ 19.9% |
| Financial income75/76B | - | €379 | €0 | €15,605 | €16,642 | ▲ 6.6% |
| Recurring financial income75 | €21 | €379 | €0 | €15,605 | €16,642 | ▲ 6.6% |
| Financial charges65/66B | - | €9,398 | €2,197 | -€2,408 | €1,652 | ▲ 169% |
| Recurring financial charges65 | €1,644 | €9,398 | €2,197 | -€2,408 | €1,652 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | -€128,482 | -€180,035 | €14,672 | -€145,229 | -€115,690 | ▲ 20.3% |
| Transfer from deferred taxes780 | - | €745 | €745 | €745 | €745 | = |
| Income taxes67/77 | €508 | €425 | €527 | €398 | €1,355 | ▲ 241% |
| Profit (loss) for the period9904 | -€128,245 | -€179,714 | €14,890 | -€144,882 | -€116,300 | ▲ 19.7% |
| Transfer from tax-exempt reserves789 | - | €2,239 | €2,236 | €2,236 | €2,236 | = |
| Profit (loss) for the period to be appropriated9905 | -€126,006 | -€177,476 | €17,126 | -€142,646 | -€114,064 | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.7m | €1.7m | €1.5m | €1.4m | ▼ 7.5% |
| Fixed assets21/28 | €1.9m | €1.6m | €877,063 | €823,738 | €821,513 | ▼ 0.3% |
| Tangible fixed assets22/27 | €1.9m | €1.6m | €877,063 | €823,738 | €821,513 | ▼ 0.3% |
| Land and buildings22 | - | €1.5m | €770,022 | €749,899 | €706,603 | ▼ 5.8% |
| Plant, machinery and equipment23 | - | €3,261 | €2,533 | €1,805 | €4,016 | ▲ 122% |
| Furniture and vehicles24 | - | €66,733 | €104,507 | €72,034 | €110,894 | ▲ 53.9% |
| Current assets29/58 | €97,680 | €189,889 | €854,488 | €722,758 | €608,636 | ▼ 15.8% |
| Amounts receivable within one year40/41 | €63,564 | €93,697 | €33,824 | €311,856 | €396,414 | ▲ 27.1% |
| Trade receivables40 | - | €21,700 | €23,447 | €64,906 | €78,044 | ▲ 20.2% |
| Other amounts receivable41 | - | €71,997 | €10,377 | €246,950 | €318,370 | ▲ 28.9% |
| Current investments50/53 | - | - | €144,000 | €180,000 | €180,000 | = |
| Cash at bank and in hand54/58 | €30,946 | €92,871 | €676,034 | €227,185 | €30,373 | ▼ 86.6% |
| Deferred charges and accrued income490/1 | - | €3,321 | €631 | €3,716 | €1,849 | ▼ 50.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.7m | €1.7m | €1.5m | €1.4m | ▼ 7.5% |
| Equity10/15 | €1.8m | €1.7m | €1.7m | €1.5m | €1.4m | ▼ 7.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €296,927 | €294,688 | €292,452 | €290,216 | €287,980 | ▼ 0.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €51,492 | €49,256 | €47,020 | €44,784 | ▼ 4.8% |
| Distributable reserves133 | - | €241,336 | €241,336 | €241,336 | €241,336 | = |
| Profit (loss) carried forward14 | €1.5m | €1.3m | €1.4m | €1.2m | €1.1m | ▼ 9.4% |
| Provisions and deferred taxes16 | €17,891 | €17,146 | €16,400 | €15,655 | €14,910 | ▼ 4.8% |
| Deferred taxes168 | - | €17,146 | €16,400 | €15,655 | €14,910 | ▼ 4.8% |
| Amounts payable17/49 | €146,651 | €65,635 | €41,849 | €2,421 | €3,120 | ▲ 28.9% |
| Amounts payable after more than one year17 | €12,228 | €5,241 | - | - | - | - |
| Financial debts170/4 | - | €5,241 | - | - | - | - |
| Amounts payable within one year42/48 | €134,423 | €60,314 | €41,849 | €1,183 | €1,054 | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €6,987 | €5,241 | - | - | - |
| Trade debts44 | €27,634 | €23,272 | €3,091 | - | - | - |
| Suppliers440/4 | - | €23,272 | €3,091 | - | - | - |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €429 | €1,098 | €1,183 | €1,054 | ▼ 10.9% |
| Taxes450/3 | - | €429 | €1,098 | €1,183 | €1,054 | ▼ 10.9% |
| Other amounts payable47/48 | - | €29,626 | €32,419 | - | - | - |
| Accrued charges and deferred income492/3 | - | €80 | - | €1,238 | €2,065 | ▲ 66.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€128,245 | -€179,714 | €14,890 | -€144,882 | -€116,300 | ▲ 19.7% |
| + Depreciation and write-downs630 | €89,245 | €87,009 | €88,654 | €76,974 | €53,210 | ▼ 30.9% |
| Operating cash flow (approximation) | -€39,000 | -€92,706 | €103,544 | -€67,908 | -€63,090 | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | €266,677 | €585,586 | -€23,649 | -€50,986 | ▼ 116% |
| Change in cash | - | €61,925 | €583,163 | -€448,848 | -€196,812 | ▲ 56.2% |
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
Next filing, fiscal year 2026, expected by
2026
07-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 127 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity times 30current ratio 610.96
Current ratio from 20.42 to 610.96; short-term debt falls from €41,849 to €1,183.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-03
Financial
Back to profitnet €14,890
Net result €14,890 after 4 loss-making years.
31-03
Financial
Liquidity times 6current ratio 20.42
Current ratio from 3.15 to 20.42; short-term debt falls from €60,314 to €41,849.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet -€179,714
Net result drops to -€179,714, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity quadruplescurrent ratio 3.15
Current ratio from 0.73 to 3.15; short-term debt falls from €134,423 to €60,314.
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ronse · 1 establishment unit since 1992
Ground area
332 m²
Building footprint
219 m²
Volume, LiDAR
1,562 m³
Parcel 45422C1589/00S000, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
W.E.C.
since 19922.058.376.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C1589/00S000 | Flanders | 332 m² | 1 · 219 m² | 12.1 m · 2 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 11,912 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-06-1992
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447682021
Also
9925:BE0447682021
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.