W.E.C. · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

W.E.C. is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.41M and a net result of €-116k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 1211 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 1211 peers (2025). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

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.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	07-03-2026	127 d late	2026-00051096
31-03-2024	31-10-2024	31-10-2024	on the day	2024-00524428
31-03-2023	31-10-2023	30-01-2024	91 d late	2024-00013148
31-03-2022	31-10-2022	28-10-2022	3 d early	2022-20476523
31-03-2021	31-10-2021	07-10-2021	24 d early	2021-71400102
31-03-2020	31-10-2020	27-10-2020	4 d early	2020-63900391
31-03-2019	31-10-2019	07-10-2019	24 d early	2019-69200584
31-03-2018	31-10-2018	19-09-2018	42 d early	2018-63300341
31-03-2017	31-10-2017	26-09-2017	35 d early	2017-62200511
31-03-2016	31-10-2016	08-09-2016	53 d early	2016-59200379

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1992, 34 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€1.41M-7.6%

Net result€-116k+19.7%

Total assets€1.43M-7.5%

Solvency98.7%-0.1pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 07-03-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~6.5%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	98.7%	47.4%	better than 95% of 1211 sector peers
Net result	€-116k	€43k	better than 5% of 1210 sector peers
Equity	€1.41M	€85k	better than 95% of 1211 sector peers
Gross operating margin	€-45k	€70k	better than 5% of 1207 sector peers
Total assets	€1.43M	€211k	better than 92% of 1211 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2025 · n=357-3139

Net result P5

Stable position over 2020-2025 · n=356-3135

Equity P95

Stable position over 2020-2025 · n=357-3140

Gross operating margin P5

Stable position over 2020-2025 · n=354-3132

Describes the position versus peers, not a forecast.

Net profit

€-116k

+19.7% 19-25

Total assets

€1.43M

-7.5% 19-25

Equity

€1.41M

-7.6% 19-25

Income taxes

€1k

+240.7% 19-25

Debt

€3k

+28.9% 19-25

Debt ≤ 1y

€1k

-10.9% 19-25

Debt > 1y

€5k

-57.1% 19-25

Solvency

98.7%

-0.1% 19-25

ROE

-8.2%

+13.1% 19-25

ROA

-8.1%

+13.2% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	n/a
EBITDA	n/a
Net profit	€-116k
Cash flow	n/a
Staff costs	-
Income taxes	€1k
Dividends	-
Total assets	€1.43M
Equity	€1.41M
Debt	€3k
of which ≤ 1y	€1k
of which > 1y	-
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	98.7%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	-8.1%
ROE	-8.2%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €822k · 57.4% Current assets €609k · 42.6%

Equity & liabilities

Equity €1.41M · 98.7% Provisions €15k · 1.0% Debt €3k · 0.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.43M
Fixed assets	21/28	€822k
Tangible fixed assets	22/27	€822k
Current assets	29/58	€609k
Amounts receivable within one year	40/41	€396k
Investments	50/53	€180k
Cash & bank	54/58	€30k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.43M
Equity	10/15	€1.41M
Contributions / capital	10/11	€19k
Reserves	13	€288k
Accumulated profits (losses)	14	€1.11M
Provisions & deferred taxes	16	€15k
Amounts payable	17/49	€3k
Amounts payable within one year	42/48	€1k
Income statement
Gross operating margin	9900	€-45k
Operating result	9901	€-131k
Financial income	75	€17k
Financial charges	65	€2k
Result before taxes	9903	€-116k
Income taxes	67/77	€1k
Net result for the period	9904	€-116k
Result to be appropriated	9905	€-114k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health 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.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Elzeelsesteenweg 4089600 Ronse

Establishment units

1 location

W.E.C.

Elzeelsesteenweg 408, 9600 RonsePersonenvervoer door de lucht

since 19922.058.376.127

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area332 m²

Buildings1

Building footprint219 m²

Volume (LiDAR)1,562 m³

Tallest building12.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45422C1589/00S000	Flanders	332 m²	1 · 219 m²	12.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

58 / 100

Mixed profile: strong on solvency, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 0

Solvency 100

Growth 32

Stability 100

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