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 about 6.5% per year across the filed financial years. Its solvency ranks better than 95% of 9,736 sector peers (NACE 64, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
4th oldest company in Ronse, Finance and insurance sector1 site
Size
€1.4mtotal assets 2025
- Equity
- €1.4m
- Loss
- -€116,300
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts filed 127 days late4 deeds in the Belgian Official Gazette
Signalsraises risk2025 accounts filed 127 days lateShow the evidence
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
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 127 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
127 days late
2024
on the day
2023
91 days late
2022
3 days early
2021
24 days early
2020
4 days early
2019
24 days 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 (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 31 October (4 of the last 5 filed years within 91 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-03-2026 year end29-10-2026 today31-10-2026 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Liquidity more than 29 timescurrent ratio 610.96
Financials · financial year 2025, micro format
In the rankings
#4 oldest company in Ronse, Finance and insurance sector
2025 annual accounts filed late (127 days) Filed on 7 March 2026, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2026-00051096.
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
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €130,680 in 2025 against €163,242 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.1m
2025
Net result-€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.4m
2025
Equity€1.4m
2025
Debt€0.003m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.6m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-8.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency98.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio20.42
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.08m--€0.1m▼ 44.8%-€0.1m▼ 4.8%-€0.2m▼ 34.8%€0.02m-€0.2m-€0.1m▲ 19.9%
Net result-€0.05m--€0.1mbelow the sector's middle half▼ 83.6%-€0.1mbelow the sector's middle half▼ 30.7%-€0.2mbelow the sector's middle half▼ 40.1%€0.01mwithin the sector's middle half-€0.1mbelow the sector's middle half-€0.1mbelow the sector's middle half▲ 19.7%
Equity€2.1m-€2.0mabove the sector's middle half▼ 4.8%€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€2.5m-€2.1mabove the sector's middle half▼ 17.6%€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€0.4m-€0.1m▼ 78.0%€0.1m▲ 49.3%€0.07m▼ 55.2%€0.04m▼ 36.2%€0.002m▼ 94.2%€0.003m▲ 28.9%
Working capital€0.9m-€0.1mwithin the sector's middle half▼ 87.5%-€0.04mbelow the sector's middle half€0.1mwithin the sector's middle half€0.8mabove the sector's middle half▲ 527%€0.7mabove the sector's middle half▼ 11.2%€0.6mabove the sector's middle half▼ 15.8%
Solvency81.6%-94.4%above the sector's middle half▲ 12.8pp91.8%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 ratio3.21-2.67within the sector's middle half▼ 0.530.73within 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)-2.1%--4.7%below the sector's middle half▼ 2.6pp-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 of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
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 | 2019 | 2020 | 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 | €57,128 | €84,960 | €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 | -€20,285 | -€27,299 | -€28,384 | €214,442 | €808,986 | -€79,708 | -€45,362 | ▲ 43.1% |
| Operating profit (loss)9901 | -€83,627 | -€121,071 | -€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 | €38,795 | €44,739 | €21 | €379 | €0 | €15,605 | €16,642 | ▲ 6.6% |
| Financial charges65/66B | - | - | - | €9,398 | €2,197 | -€2,408 | €1,652 | - |
| Recurring financial charges65 | €8,882 | €22,178 | €1,644 | €9,398 | €2,197 | -€2,408 | €1,652 | - |
| Profit (loss) for the period before taxes9903 | -€53,714 | -€98,511 | -€128,482 | -€180,035 | €14,672 | -€145,229 | -€115,690 | ▲ 20.3% |
| Transfer from deferred taxes780 | - | - | - | €745 | €745 | €745 | €745 | = |
| Income taxes67/77 | €481 | €379 | €508 | €425 | €527 | €398 | €1,355 | ▲ 241% |
| Profit (loss) for the period9904 | -€53,449 | -€98,144 | -€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 | -€51,210 | -€95,905 | -€126,006 | -€177,476 | €17,126 | -€142,646 | -€114,064 | ▲ 20.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.5m | €2.1m | €2.0m | €1.7m | €1.7m | €1.5m | €1.4m | ▼ 7.5% |
| Fixed assets21/28 | €1.2m | €1.9m | €1.9m | €1.6m | €0.9m | €0.8m | €0.8m | ▼ 0.3% |
| Tangible fixed assets22/27 | €1.2m | €1.9m | €1.9m | €1.6m | €0.9m | €0.8m | €0.8m | ▼ 0.3% |
| Land and buildings22 | - | - | - | €1.5m | €0.8m | €0.7m | €0.7m | ▼ 5.8% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.003m | €0.002m | €0.004m | ▲ 122% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.1m | €0.07m | €0.1m | ▲ 53.9% |
| Current assets29/58 | €1.4m | €0.2m | €0.1m | €0.2m | €0.9m | €0.7m | €0.6m | ▼ 15.8% |
| Amounts receivable within one year40/41 | €1.3m | €0.1m | €0.06m | €0.09m | €0.03m | €0.3m | €0.4m | ▲ 27.1% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.06m | €0.08m | ▲ 20.2% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.01m | €0.2m | €0.3m | ▲ 28.9% |
| Current investments50/53 | - | - | - | - | €0.1m | €0.2m | €0.2m | = |
| Cash at bank and in hand54/58 | €36 | €0.07m | €0.03m | €0.09m | €0.7m | €0.2m | €0.03m | ▼ 86.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.001m | €0.004m | €0.002m | ▼ 50.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.5m | €2.1m | €2.0m | €1.7m | €1.7m | €1.5m | €1.4m | ▼ 7.5% |
| Equity10/15 | €2.1m | €2.0m | €1.8m | €1.7m | €1.7m | €1.5m | €1.4m | ▼ 7.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 0.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.05m | €0.05m | €0.04m | ▼ 4.8% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €1.7m | €1.6m | €1.5m | €1.3m | €1.4m | €1.2m | €1.1m | ▼ 9.4% |
| Provisions and deferred taxes16 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 4.8% |
| Deferred taxes168 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 4.8% |
| Amounts payable17/49 | €0.4m | €0.1m | €0.1m | €0.07m | €0.04m | €0.002m | €0.003m | ▲ 28.9% |
| Amounts payable after more than one year17 | €0.02m | €0.03m | €0.01m | €0.005m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.005m | - | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.07m | €0.1m | €0.06m | €0.04m | €0.001m | €0.001m | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.007m | €0.005m | - | - | - |
| Trade debts44 | €0.02m | €0.02m | €0.03m | €0.02m | €0.003m | - | - | - |
| Suppliers440/4 | - | - | - | €0.02m | €0.003m | - | - | - |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €429 | €0.001m | €0.001m | €0.001m | ▼ 10.9% |
| Taxes450/3 | - | - | - | €429 | €0.001m | €0.001m | €0.001m | ▼ 10.9% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.03m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €80 | - | €0.001m | €0.002m | ▲ 66.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53,449 | -€98,144 | -€128,245 | -€179,714 | €14,890 | -€144,882 | -€116,300 | ▲ 19.7% |
| + Depreciation and write-downs630 | €57,128 | €84,960 | €89,245 | €87,009 | €88,654 | €76,974 | €53,210 | ▼ 30.9% |
| Operating cash flow (approximation) | €3,679 | -€13,184 | -€39,000 | -€92,706 | €103,544 | -€67,908 | -€63,090 | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | -€805,770 | -€96,542 | €266,677 | €585,586 | -€23,649 | -€50,986 | ▼ 116% |
| Change in cash | - | €74,584 | -€43,673 | €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.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 07-03-2026 | 2026-00051096 |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00524428 |
| 31-03-2023 | micro format | 30-01-2024 | 2024-00013148 |
| 31-03-2022 | micro format | 28-10-2022 | 2022-20476523 |
| 31-03-2021 | micro format | 07-10-2021 | 2021-71400102 |
| 31-03-2020 | micro format | 27-10-2020 | 2020-63900391 |
| 31-03-2019 | micro format | 07-10-2019 | 2019-69200584 |
| 31-03-2018 | micro format | 19-09-2018 | 2018-63300341 |
| 31-03-2017 | micro format | 26-09-2017 | 2017-62200511 |
| 31-03-2016 | abbreviated format | 08-09-2016 | 2016-59200379 |
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Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,093. 11,939 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
07-03
NBB filing
Annual accounts filed
financial year 2025 · micro format · 127 days late
2024
31-10
NBB filing
Annual accounts filed
financial year 2024 · micro format
31-03
Financial
Liquidity more than 29 timescurrent 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
financial year 2023 · micro format · 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 more than 6 timescurrent 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
financial year 2022 · micro format
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 more than 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
financial year 2021 · micro format
2020
27-10
NBB filing
Annual accounts filed
financial year 2020 · micro format
2019
07-10
NBB filing
Annual accounts filed
financial year 2019 · micro format
Show earlier events
2018
19-09
NBB filing
Annual accounts filed
financial year 2018 · micro format
2017
26-09
NBB filing
Annual accounts filed
financial year 2017 · micro format
2016
08-09
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 33 annual accounts filed, the latest 10 are here; all 33 are under Financials.
0 of 4 deeds read
About the unread acts
We know of 4 Belgian Official 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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Register details
Identification
Legal formPrivate limited company
Founded25-06-1992
Financial 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 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 1992
Ground area
332 m²
Building footprint
219 m²
Building volume
1,562 m³
Parcel 45422C1589/00S000, Flanders · tallest building 12.1 m. Linked by address, not a title deed.
1 establishment unit
W.E.C.
since 1992unit no. 2.058.376.127
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45422C1589/00S000 | Flanders | 332 m² | 1 · 219 m² | 12.1 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.